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Will consider if it is back to eighties and lower. For now, will just observe the declining order book and spin-off listing of Greenergy. Feels like a decision necessary to improve its leverage.
lets not forget iron, steel and energy sector could be hit with carbon tax starting next year. No announcement on the exact carbon tax rate per tonnage of CO2 emission. The closest reference will be Singapore for the carbon tax rate.
I didn't read the prospectus yet, Tiong. You can compare with bm green if you have read the prospectus. Unlikely undervalued for IPO and IPO goreng2 in the beginning. The numbers in the prospectus will need time to observe.
unable to reach 3bil orderbook. last year should be the peak for Wasco, Tiong. I believe the energy segment orderbook itself was more than 3bil last year. Total orderbook was close to 4bil if not mistaken.