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Anyone know why drop?
I think 1) previously the share price has increased significantly so some investor took profit? 2) latest QR shows packaging segment profit margin at its lowest (though profit mostly by property segment nowadays) 3) incoming minimum wage RM1700, scientex is labour intensive 4) possibly increase in electricity tariff by tenaga July onwards 5) malaysia stock, many in red now/cautious sentiment> KLCI drop to 5 months low ytd, affected by US political uncertainty and high interest rate
