[%EsZk%] 1. timing of the entry to catch Pestech swimming naked

2. entry price of RM124 mil to acquire more than RM1 bil order book of potential cash flow generative projects - not to mention it enters directly as a controlling shareholder

3. IJM business mainly stem from bidding mega projects regionally - now with Pestech in, they up their pitching game to offering one-stop integrated solution in infra projects - great for their future bidding

4. Pestech problems mainly come from cash flow issues, and IJM's cash injection can help Pestech to sustain through this period - meaning if all the projects at hand can be completed, cash flow will start piling in

5. IJM's existing growth outlook depends mainly on bidding big infra projects, but now with Pestech in, IJM's growth prospects include capturing the whole energy transition wave in the region

Bad for Pestech, but what a great move by IJM.

@boncos 1. timing of the entry to catch Pestech swimming naked

2. entry price of RM124 mil to acquire more than RM1 bil order book of potential cash flow generative projects - not to mention it enters directly as a controlling shareholder

3. IJM business mainly stem from bidding mega projects regionally - now with Pestech in, they up their pitching game to offering one-stop integrated solution in infra projects - great for their future bidding

4. Pestech problems mainly come from cash flow issues, and IJM's cash injection can help Pestech to sustain through this period - meaning if all the projects at hand can be completed, cash flow will start piling in

5. IJM's existing growth outlook depends mainly on bidding big infra projects, but now with Pestech in, IJM's growth prospects include capturing the whole energy transition wave in the region

Bad for Pestech, but what a great move by IJM.