CIMB Research said Ann Joo’s order flow visibility could improve alongside the gradual rollout of major infrastructure initiatives in Malaysia.
PETALING JAYA: Mandated output cuts and infrastructure rollouts will help drive a recovery in Ann Joo Resources Bhd
’s earnings in the second half of financial year 2025 (2H25), despite the group’s dismal first quarter of financial year 2025 (1Q25) results.
Ann Joo’s 1Q25 results missed most analysts’ expectations, posting core losses of RM109míl on lower sales volumes and selling prices and a two-month plant shutdown.
