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It can be a positive signal that the company is willing to allocate funds to repurchase shares, but we should not treat buybacks as make price guarantee rocket
Pesona Metro is showing solid earnings momentum, with 1H2026 net profit attributable to shareholders jumping 57% YoY to RM26.4mil. Its record RM2.6bil order book provides strong earnings visibility, while ongoing construction projects could continue supporting growth. Worth keeping an eye on if project execution and profit margins remain healthy!
PESONA is its strong RM2.2 billion construction order book, supported by the recent RM247.5 million Setia Alam private hospital contract, which provides solid earnings visibility into the coming years.