anyone here still holding?

Cedric Chan CA, very informative article. Thanks for sharing.

Choivo are u still holding positions in it or sold off everything causing the downturn?

GooShen, how much shares u own in Krono? how many more shares u need to meet ur demand? Cloud and AI business are now at a premium and if u missed when it's trading at 40c levels, it's really too bad.

Come on, by now u guys should already know Gooshen is just another pitiful guy that wants to buy Krono cheaply. Otherwise he won’t bark here for so many times without fail if he doesn’t have any interest. Who in the right mind will do this if they don’t own a share here? Lol

Perhaps not a wise investment for short-term as no. of Covid cases are on increasing trend again. Best to look at the next quarter report before making a bold move for those conservatarians.

Quarterly results improved QoQ by 15%. An improvement we need to see if we do not compare with corresponding quarter.

Felixck, thanks for the good news. Great report from theStar

well, i'm sure fund managers have done their research before making a jump to invest. icap invested heavily in Padini during it's infancy and made money from there.

anyway, no one cares who is interested in Krono. we invest because we think it's good not because someone famous bought it

wow surprised that icapital has accumulated so much shares in krono quietly. interesting to know that fund managers are keen with krono and sees it's potential.

Not sure why the stock price keep see-sawing despite good quarters, positive light on the industry and strong management.

this may benefit cloud players as a whole, for companies like Krono

https://www.thestar.com.my/tech/tech-news/2020/11/30/malaysia-to-go-5g-go-cloud-go-ai-growing-with-intelligence

Not sure why no one wants to pause for a moment to comment on the good results of the recently announced quarter profit?

Now I know, when people like GooShen are desperate to buy at low prices, they will do whatever in their means to do so. Kinda pathethic though. If you have missed the boat, u missed the boat. Just forget and move on. To want to get into the "Cloud theme" u cannot find a better company than Krono in KLSE.

Will the price sustain upwards. Perhaps time to sell off some to take profit first? Collect lower and play around the wave? thoughts?

well, issajoke, that's the beauty of the stock investment game. nothing is efficient and if everything is so black and white, no one can make superior gains in the stock market. when majority of the people are taking too long to realize it's potential, some with foresight are bound to benefit.

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issajoke Just an average QR, nothing surprising and nothing to be shocked about.

It is expected that the shutting down of SME will hit hard on the company revenue and the director did said that their operation will back to normal which they are able to regain their normal profit margin (around 8%) after June.

A little letdown that the company unable to slightly increase their profit margin as demand of hybrid computing is going up (based on their international competitors and news).

Their business in Singapore were able to grow 59% compared to previous yr corresponding QR (Singapore flatten their covid curve during june to September). However their business segment in Philippines decreased by 48% as Philippines still have long way to defeat the virus and their other segment is not doing too good as well.

Covid is still a double edge sword to Krono, no doubt the damage done is bigger than the opportunity presented, there is nothing to sugarcoat about.

*My advise, don't buy because someone in forum told u this is good or sell because someone told u is bad, do your own analysis and have more independent thinking, it could help u grow more not only as an investor and your decision making. Reliability on someone will cause you to blame others when u lost rather than acknowledging your own mistakes.
10/11/2020 11:54 PM

hi excellent gooshen, then what counters u recommend to buy?

Clearly this pandemic affects all consumer / retail businesses and not only Mynews. However, due to market sentiment, Mynews was badly affected. Why we do not see Mr.DIY's share price affected as badly? That's due to the act of promoters and operators who fancy big names and clearly has an agenda.

Whereas for companies without promoters like Mynews, it'll require the company to prove it's credibility from results in quarterly announcements and business strategies in times of crisis.

I believe Mr. Dang showed that he is able to embrace change, where he hired a new CEO to look into their new CU CVS venture.

Today's surge mainly focused on big names in the retail / consumer market. That clearly shows it's an act from Operators who are trying to speculate the market based on the vaccine news. Funds are too concentrated in big names right now. I doubt the prices will sustain.

Once dust settles, investors will start to appreciate companies with solid business model, like Krono rather than other companies where their stock price surged on news but the true reality of business risks were not addressed.

Very clearly today, only big consumer / retail stocks are being pushed up by operators solely on news of vaccine. I doubt the surge can sustain and gradually, prices will correct again until another "worthy" announcement.

The business model of Bodyshop is strong and I foresee the share price will be reflected accordingly over the longer term. Vietnam will be a good catalyst if growth there is promising. Time will tell and the management needs to allocate more capital to expand into Vietnam.

Was reasonably surprised with the positive quarterly results posted by Krono. Despite going through a tough pandemic environment, Krono is able to generate a commendable profit. With the vaccine to be out soon, I believe it will not take long for Krono to exceed preCovid profit results and enjoy the fruits of labour from their cost rationalization and new contract wins.

lol of course cannot disclose la. this is not pasar malam market where u can simply disclose ur customers.

those who hates RainT's comment. cmon, it's so obvious he's interested in this stock but wants to buy at a lower price. another classic i3 shallow member trying to manipulate gullible investors with his words.

think abt it, if he's not interested in this stock he wouldn't even want to waste time comment here.

One of the most undervalued IT in the Cloud industry. It has consistent recurring income and good business model, especially in today's pandemic environment. No idea why price remained depressed when management explicitly mentioned business will recover in the next coming quarters.

Probably that's how share market works. Price is not efficient and people have not noticed.

Very slow and very stable haha

Should I wait for few more bad quarters released before exploring.this stock? since the next few quarters are very much assured to be lower and hence price action kicks in reflecting the lower profits.

The impairment of assets is due to accounting standard of MFRS139. How they compute asset carrying value is by discounting future cashflows of the business unit or assets to present value. Obviously the IRR used as discount rate will be lower due to the current Covid environment, hence which is why the accountants/auditors call it "out of prudence" because this impairment is purely non-cash and based on mathematical formula.

This provision is an impairment and not a write off, hence when things goes back to normal, it will be reversed and added back to income.

solid company with good results, zero debts and huge cash pile. waiting to collect further.

Just look at how quickly jaks recovered from a fall when everyone realized the fall has totally nothing to do with it's fundamentals but more on macroeconomic events which has no bearing on the company. How does the coronavirus impacts the vietnam powerplant from generating electricity? The shortage of electricity must still be filled up and this is definitely recession proof>

Like what OTB says, when market is down, everyone is panic and sells, hence fundamentals wont matter. but in order to make money, emotions must be kept in check and allocate your funds accordingly.

it's always the accounting treatments that leads to losses. better to look at real actual operating cashflows and business operations instead to get a better picture of the real scenario

daheck... this counter holding up so strong. everyone fell, except MTAG. must have some huge investor behind supporting the price

sien, i sold liao.. hopefully can collect back at better price

I’m more confident now that they released the press conference article in theedge. Actually they can choose not to disclose increased sales opportunities in devices and cloud usage for tracking of covid virus but they did to keep us informed on their business development. All fundamentals and growth are intact and a good chance to average down.

CFO has just resigned. Not sure if there should be any cause of concern. Timing of resignation is questionable.

I believe the best discount rate is using weighted average of interest of their existing loans. Or you can use CAPM model which calculates the cost of equity and cost of debt together.

wad do u mean by 2012? going back to the past?

Based on my analysis, I believe it will not hit 65c-70c levels again, hence I have decided to buy some first yesterday at approx 79c-80c.

Reduced stake at 80.5c. Waiting to re-accumulate at 65c to 70c range as Wallstreet is starting to turn to signs of weakness due to failed trade talks again. I don’t think jaks can go any higher looking at current macro world economy. Hopefully can get my desired lower price for my 4th round.

but it seems like there are people who wanna sell down the stock during AGM period to make others panic

Will be handed over before the new stipulated deadline.

Very informative AGM. Seems like powerplant project in Vietnam is under control and will
complete on time. Solar project is also a big earnings growth potential. Pacific star project will be handed over on time.

Seriously more and more unrelated forumers are visiting jaks thread and giving bad comments consistently. Back then was Optimus and sslee. Initially I was taking sslee until his las few comments was the last straw.

Seems like another “uninterested” party trying to influence people to sell jaks. His fate will end up like optimus, who in the end, ends up buying at more expensive price.

The more of these appear in this thread, the more I’m convinced there are too many people who missed boats at 50c to 60c levels and now desperately want a piece of the pie.

Okay anticon, your voices have been heard loud and clear. Now calm down and stop spamming this thread bcz it will do u no good. Just wait for jaks to crash to 50c or 60c then re-enter to make profit with us.

IB already placed TP of 75c to RM1. I think if u can buy at 50c to 60c u have a very good margin of safety.

Anticon, why are u so bitter? Stock market is a dog eat dog world. There is no such thing as cheating whatsoever. Moreover this is just a forum, who is so dumb to trust someone over the screen you have not even met before?

I bought at 66c sold at 72c. Now hoping the market will panic from the placement and force sell down to 60c which I will collect again.

Everyone sold already la not only him. Now short term market panic, need to take profit on the table first.

cmon if u guys work in IB u should already know if they fixed at 70c, they already have investors ready to take up the placement at 70c. Otherwise they wont revise from 80c to 70c without having confirmed buyers. once placement has been taken up, the price should reflect this upwards.

Seems obvious to me now. Those fear mongers have been trying to cause fear because they want to short sell JAKS and make a fortune from there. Now they are frantically buying again.

What material litigation, pacific star and evolve failure are all bullshit talk by these people to cause panic. They were very lucky yesterday for their timing due to trump tariffs spat with China.

So now these bunch of retards are part of a syndicate trying to take advantage of market panic.

Whatever it is, price already reflected after the announcement made. The only direction is upside now after all the bad news come in. There is still Vietnam IPP and once JAKS delivers the Pacific Star, everything is upside. Even the major shareholders did not dispose their shares. That shows their confidence in the company.

@veron_teo, KYY exited by force selling from Maybank. he has no choice. his margin losses are too significant for the bankers to allow him to hold on.

There is nothing to worry about. Trump's trade spat with China is creating market panic at a macro level, which means it affects everyone, not only JAKS.

If we look at the long-term, honestly whether JAKS is at 50c, 70c or 90c don't really make any difference because once the Vietnam powerplant kicks in, we are looking at RM1.80, RM2, and RM3 down the road.

They are also partnering with CECC, hence the probability of screw up is close to zero.

But in all honesty, now is the best time to enter and once trade tariff with China stabilizes, funds will come back in again.