G3 Global said the AIS3 project is expected to be completed by March 2024.
Upon completion, G3 Global will look at scaling a similar AI-based security management model to other airports in Malaysia and across the region.
Looking at the current valuation of G3, the company is still in the negative territory due to legacy projects that hindered the profitability of the group. That being said, the management of G3 expects the group to turn black in the next 2 – 3 quarters. With the addition of RM118 million contract to the group, this is more-than-sufficient to boost the mere RM72.6 million market capitalization of the group to a higher level.
Just my observation. They tried to pull down the share price of the GLC counters in order to collect them cheap before they are riding up with election wave
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AmySee
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Posted by AmySee > 2022-10-05 14:38 | Report Abuse
Recent catalyze of Budget 2023 and election wave hard to make G3 avoid these momentum. Next surge is coming soon