[Limit Down Analysis] SEALINK 21 Jan 2026
The sudden drop in Sealink's share price, as seen in the recent large red candle on the technical chart, occurs despite the company's significantly improved financial health and strong fundamental turnaround. Solid Fundamentals and Financial Turnaround Sealink has successfully transitioned into a leaner and more profitable entity: • Return to Profitability: After several years of losses (Y16–Y23), the company recorded a profit of RM 18.8 million in Y24, driven by a revenue increase to RM 125.3 million. • Strong Cash Generation: The company’s Operating Cash Flow reached a multi-year high of RM 61.5 million in Y24, providing it with substantial liquidity. • Net Cash Position: Perhaps the most impressive fundamental is the balance sheet repair. Total debt has been aggressively reduced from RM 523.3 million in Y12 to just RM 114.2 million in Y24. Consequently, the company has moved from a heavily leveraged state to a net cash position of RM 36.6 million (meaning it has more cash t...