waiting for the results. can't rule out the possibility of higher impairment if the mgmt is incompetent when they carried out the annual impairment exercise last year; which was the highest so far ~200mil. I would assume that the mgmt would have considered VIU based on future revenue trends and store closures/opening when they decided on the 200 mil impairment last year.

From my point of view, this mgmt is already incompetent, whether from a business perspective or a shareholder’s perspective.
If you simply compare their performance with other competitors, it’s very clear that they are performing below the industry average.
Like Revenue decline in the Malaysia market is worse than peers.

As an investor, I have zero trust on management’s bla bla bla explanations for the recurring huge impairments every year. Across the whole market, this is the only retail company that 100% reports a massive impairment in Q4 across 12 years.
haha, It’s like getting caught cheating by my girlfriend 12 times in a row, and every single time I come up with a different excuse.

that is understandable, restia :) I treated it as seasonal stock whereby q4 is risk off mode - go defensive, zero cost/rebalance and avoid adding position while q1 & q2 is risk on mode - go offensive, adding position. my personal opinions could be biased as I have been holding it since 2023; zero cost twice and avg up twice. I am on risk off mode for q4 as usual. However, there is a new variable of Irelia being the new substantial shareholder changing the supply and demand landscape; still observing and may impact how risk off and risk on mode performance. just my personal opinions, could be wrong :)