GEOHAN look like bottoming out liao, good time to start queueing up for the potential rebound. Once the volume kick in later, sure can see some nice action for us.

Volume usually follow the strong fundamentals, so just hang tight because this look set to surprise everyone soon. Once the market realize the hidden value here, the trading activity confirm will ramp up big time.

Geohan got big potential, sure can see good upside coming soon. Keep holding steady because this one looks like it will definitely huat for us.

Geohan's piling business is pretty solid because the low defect rate keeps their margins stable and reliable. Those variation orders are basically free money since they can charge for any extra site requirements on top of the original contract.

Their solid piling track record confirm can sustain steady cash flow with those high margin projects. Variation orders confirm act as bonus because clients no choice but to pay extra for all the ad-hoc site works.

done accumulation already? the volume is getting flatter now

That backend role is not glamorous, but foundation work is usually where project spending begins.

Why price still not yet reacting to the sentiment?

Price now still under its NTA value, quite attractive to collect bit by bit

Piling and foundation may sound boring, but projects cannot start without it. Bargaining power is on their side as not much foundation specialists in the market