Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Steel Hawk Berhad reported a revenue of RM20.43 million for the current quarter, up RM8.64 million from RM11.78 million in the previous quarter, mainly due to new work orders from a collaboration with Ibrahim & Sons Engineering Sdn. Bhd. However, profit before tax only increased by 6.76%, from RM1.61 million to RM1.72 million, due to higher administrative expenses. The increase in administrative expenses was primarily due to a one-off bad debt write-off of RM8.94 million related to a customer in winding-up proceedings, which impacted the revenue. Excluding this non-recurring item, the Group’s operating costs remained stable compared to the previous quarter.
Alpha current valuation definitely presents an attractive entry point for investors looking for value. 31 sen seems like a solid opportunity to add to my portfolio.
This eight-month contract runs from Nov 12, 2025, until July 11, 2026 and is expected to contribute positively to the earnings of the group for the FY2025