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PR Newswire
04-07-2024, 08:01 AM
Bursa Malaysia NAIM Holdings Bhd is an integrated player focused on the property development, construction, and oil & gas sectors. Despite its diversification, NAIM's performance over the past 12 years has been poor with declining revenue and volatile, declining PAT.
![[Image: Naim.png]](https://i.postimg.cc/KvhYfcML/Naim.png)
I attributed its poor performance to the soft Malaysian property and construction sectors as well as the problems it faced with its investment in Dayang, an oilfield services company. I do not expect the property and construction sectors to be soft forever.
Despite this, NAIM maintains a strong financial position with significant cash reserves and low debt. The company's market valuation suggests a margin of safety.
So when the soft property and construction sector recovers, I would expect Naim’s performance to follow suit. Do you have the patience to wait for this?
I attributed its poor performance to the soft Malaysian property and construction sectors as well as the problems it faced with its investment in Dayang, an oilfield services company. I do not expect the property and construction sectors to be soft forever.
Despite this, NAIM maintains a strong financial position with significant cash reserves and low debt. The company's market valuation suggests a margin of safety.
So when the soft property and construction sector recovers, I would expect Naim’s performance to follow suit. Do you have the patience to wait for this?