Strong balance sheet indeed, Daniel. However, the bad news - revenue fell by 15% comparing to q2fy26 and net margins fell below 5%. A retest of recent low and potentially new low is possible. Either chillax and observe the breadth to ride the reversal trend or buy low for the strong balance sheet.

cost pressure is real and no doubt about it but there's something else in the report, adama. the company did not disclose the rationale for the movement though. Have you noticed the contract liabilities which is high; 50 mil :) this line item is usually related to customer deposits for products/services and skpres has to deliver it within 12 months. Well, it can be deposit for new products, existing products or customer pushing out their orders to subsequent qtr. Hence, my personal opinion is that it is a cold snap which is unusual :)

Well, i could dig something from the balance sheet to support my point of views too: The significant drop of inventories from the passed average value implies that the demand will be very low.

but then without more context and details, it is just my speculations. There is no evidence that the inventories value of this company has high correlation with its future revenue....

force selling is unlikely as I dont recall seeing high pledged account holders in the top30. risk off mode / rebalancing by institutions is possible. I doubt institutions will sell out their positions given the current dy which can be supported by its strong balance sheet.