Maa out of PN 17 TP 0.80 cent

Maa has been long in PN 17 and there are few reasons why i am betting on Maa to find a way to restructure its company and getting out of PN 17.
Recently, Maa group and Zurich insurance company have settled a dispute over the sale of former insurance business where Zurich insurance will be paying 78 million in settlement which increase their cash pile to RM180 million. Maa has dispose most of their business and focusing on rebuilding and recapitalising their takaful insurance to a newer height. Moreover, with their recent cash pile and no borrowings in their book, Maa will also have plenty of room to grow up if they require to acquire new business or to increase their value of maa takuful. Maa has also recently dispose their mutual fund with a consideration cash of 53million which will in turn increase their cash pile even more.
Maa recently has show a 0.07 cent increase in their profit just by having its takaful business and after disposal of their bad business, maa shows and increase in their net asset and became a debt free company. Moving foward, Maa are planning to survive with its takaful business and strive towards bigger capitalisation of their business and continue showing profit growth. Thus, Maa has already dispose all their bad businesses, and has a huge cash pile in their balance sheet, growing revenue, growing operating operations, there is no reason why maa is still in PN 17.