EMCC is ready for the next up cycle
$EMCC (0286.MY)$ is scheduled to release its 4QFY23 results after the market closes today. The earnings are expected to meet or exceed RM5.4 million to fulfill the profit guarantee of RM15.6 million for the entire financial year 2023, as stipulated by their USD loan financier. With the new fresh cash capital from their recent IPO, EMCC is well-positioned to comfortably achieve this target. Additionally, the company's share price performance has been closely correlated with $PPJACK (0242.MY)$ since IPO, indicating a forthcoming up cycle based on chart analysis.
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