A good run

This stock had a good run, bought last year while it was till 3.5, reason being it's the only proxy left for p2 after Umw MGO, unless u want to buy $SIME (4197.MY)$, which it's more of a conglomerate, and market treats it with discount, and fy23 was a record year for them, for fy24, I doubt their earnings can beat fy23 numbers, might exceed expectation but not much further increase in earnings, their 9mfy24 number is lower than fy22 yet they paid more dividends than fy22, looks like might exceed even fy23 dividends, but the money will come frm it's cash pile vs earnings, which is not sustainable long term, the entry of passive fund did give it a boost as well, looking at TIV, 2024 TIV will increase low single digit yoy vs 2023, but p2 has captured more market share vs other brands, explains why it's doing well vs $DRBHCOM (1619.MY)$ and $BAUTO (5248.MY)$