A RM100m office space does sound fairly extravagant, but when you compare it to the $RM74.6m they sold their office for last year, in truth, it's a 33% uplift in the cost of the office they have operated out of for more than 5 years. The business is materially larger now and more than 500 staff are operating now out of what is a fairly pokey little building in terms of the scale of the operation.
They customarily have a circa 40% gross margin, so I prefer to think of the space being occupied as a RM66m uplift in profit waiting to happen.
They need to operate from somewhere, as a builder I would prefer it to be out of a space they have built themself that they don't need to pay rent for - Eternalgrowth
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Last
54.0¢ |
Change
-0.005(0.92%) |
Mkt cap ! $180.0M |
Open | High | Low | Value | Volume |
53.5¢ | 54.0¢ | 53.5¢ | $24.74K | 46.05K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24584 | 53.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 27033 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24584 | 0.535 |
1 | 40000 | 0.530 |
2 | 37000 | 0.500 |
2 | 40240 | 0.495 |
1 | 6122 | 0.490 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 27033 | 1 |
0.550 | 9657 | 1 |
0.560 | 32222 | 2 |
0.565 | 70000 | 1 |
0.570 | 25000 | 1 |
Last trade - 14.40pm 04/09/2024 (20 minute delay) ? |
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