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Looking at all the overwhelming positive comments about Elridge's performance and so on but i wonder why the share price keep falling almost everyday. Anyone care to give some comment?
annualised it latest eps it's already near PE20.. not a cheap valuation.. but if look at the production growth eventually the revenue and profit growth, next QR will drive the price up..
Share price and company performance don’t always move together in the short term one. The business can be doing well, but if there is weak overall market sentiment, sector rotation or general selling pressure, the stock can still kena. Need distinguish between short-term price movement and the actual fundamental trend
The Lahad Datu facility in Sabah remains on track for completion next year and is expected to add a further 240,000 tonnes of annual production capacity
Beyond volume growth, Elridge is diversifying into the production of activated carbon, a higher-margin, value-added product derived from palm kernel shell feedstock. This initiative is expected to unlock greater value from the Group’s biomass feedstock while broadening its revenue streams and market reach
Overall 1H 2026 revenue grew 22.8% while net profit jumped 53.6%, with healthy cash flow and around RM198M cash on hand. Capacity is also set to expand from 1.44M MT to 2.16M MT, riding on growing biomass demand in Asia-Pacific. On top of that, the move into higher-margin activated carbon could be another nice growth driver
Global demand for biomass is growing steadily as more industries and governments look for cleaner and renewable energy sources. The aim is to reduce carbon emissions and slowly replace coal and natural gas
The past few months haven’t been easy, especially with all the geopolitical tensions affecting market sentiment. But one thing that caught my attention is that even during this period of weakness, institutional interest was still there. Urusharta Jamaah, for example, continued adding to its position, increasing its stake from 5.26% when it first became a substantial shareholder to around 6.93%.
Increasing from 5.26% to around 6.93% is not exactly a small move sia. At least it shows the institution is still willing to increase exposure despite the recent volatility
