Minimum net profit pa for main board listing is RM20mil.
Probably will be next financial year.

On 27 February 2020, the Directors recommended a final single tier dividend of RM0.015 per ordinary share amounting to approximately RM7.1 million in respect of the financial year ended 31 December 2019 (2018: Nil). The dividend is subject to shareholders’ approval at the forthcoming Annual General Meeting and the entitlement date will be fixed and announced in due course.
As at the date of this announcement, the Board of Directors (“Board”) does not recommend any dividend in respect of the quarter ended 31 March 2020.

Looking at how Supermax able to have PE=76 based on 4 quarters cumulative earnings and Harta at PE=84 based on the same 4 quarters cumulative earnings,

I believe Harta should trade at premium over Topglove, Kossan and Supermax due to its earning superiority and tech efficiency.

PE=100 sounds better for Harta though it applies only during this pandemic. Thereafter a PE=50 sound more reasonable.


At PE=100, it should trade at RM22

based on net profit of RM750mil pa. for 2020 or average net profit of RM187mil for each quarter.

@Phillip
RM300mil net profit pa?
I don't think so that's possible.
There's also debt servicing, LAD, possible lawsuits compensation,etc

@Value888

You are right.
However, Kiple Live solution started to on traction in April/May 2020.
Kiplepark started end of 2019.
Kiple Pay white label got BNM approval in Feb 2020.

How do you expect profit from the latest fintech initiatives?

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Posted by Value888 > May 28, 2020 11:49 AM | Report Abuse

Exercise caution guys. This company has been making losses for years. Looks like they are better in making news then making profit.

If no more extension, then it's time for the stock to limit down.

Interesting to note why the company still need rights issue since construction already reach 92% last quarter.

ANy idea if the government has plan to renew after June 2020?

https://www.cnbc.com/2020/05/27/china-tech-giant-tencent-pledges-70-billion-investment-in-ai-cloud.html

@Jeju88

Ventilator is used for patients in critical condition like those in ICU.

Covid-19 is one of the disease that requires.

Unlike Mask,Protective gears,etc.....not much demand after Covid-19 settle down.

Thus, ventilators will continue to have demand worldwide.
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Posted by Jeju88 > May 26, 2020 3:13 PM | Report Abuse

Just thinking if a vaccine is found, will covid related related stocks be tumbling? Some of them at all time high. Just my concern.

Many would ask why J@k$ is not raising funds via private placement.

The latest large & successful private placement is Serba Dinamiks , an engineering solution company with EPF taking more shares.

J@k$ has a power plant with good prospects as many had forecasted.

No takers or investors interested to take a slice?

Well, probably you would know the answer as well.

https://www.thestar.com.my/business/business-news/2020/05/26/pentamaster-to-venture-into-ventilators

Yeah. Sooner or later the vaccine news will start to crop out.

Once the vaccine from the global multinationals companies starts to commercialise it probably by Q1 2021, most glove demands will begin to normalise back to pre-MCO levels with the standard 7%-8% pa growth.

No surprise.

Going for RM10?

https://www.theedgemarkets.com/article/servex-partners-green-packet-distribute-kiplelive-solutions

Currently banks will likely not get the digital bank license as it would be duplicate to their existing license and conflict of interest.

Consortium that likely to win the 5 digital bank license:

1. Boost & Axiata Group (#1: local firm & consortium advantage)
2.Grab (Grab Financial arm)
3.TNG Digital & Ant Financial (#2: Collaboration with local firm)
4. Razer Pay
5. BigPay
6.Property firm Paramount Corp Bhd
7.US-founded financial start-up MoneyLion Inc (#3: Existing digital bank in US)
8. Gpacker & Tencent (e-KYC collaboration initiated, #4: Collaboration with local firm)
9. Sunway & Credit Bureau Malaysia (CBM) (#5: local firm & consortium advantage)

Only extend for 1 month?

@CharlesT


Gloves demand spike happen only during pandemic. By end of the year, glove company back to where it is in 2019. You can compare this with the top 3 glove company results and the last few pandemics in the last 10 years. This covid-19 is indeed more severe, you can factor in additional 4-5 months additional supply and 50% topline and bottomline during these period.

DO you think this high demand earnings will continue for many years?
Ask yourself this question.

Tech companies earnings for 5G,IOT,etc is consistent and ever growing till 6G arrives.

Notice the first 5 years of each evolution, remember the first iphone with 4G?
Yes, the iphone 5 back in 2012.

Look at the top tech companies that supply for 4G and all related supply chain from 2012 to 2017.

Compare their share prices from 2012 to 2017.

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Posted by CharlesT > May 22, 2020 11:33 AM | Report Abuse

Glove co expected to see few hundred percent increase in their profot fir next 2 years...Tech co can ah?

@Simonalibaba

Wrong.

According to Bursa, they subscribe 65 mil for the private placement set out 10 September 2019.

Normally private placement is 10-15% below market price of 65 cent-70 cent (average September 2019)

Kendall Court bought another 35 million share from direct business transaction on 19 February 2019. Direct business transaction is normally sold by existing shareholders at higher than market price due to reducing shareholding or to exit.

That's why the share price moved towards 90 cent that week.

During that period, GP is trading between 70 cent to 80 cent.

So estimated average price for Kendall Court should be 70 cent.
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Posted by Simonalibaba > May 21, 2020 8:37 PM | Report Abuse

So chai, Kendall court bot low price at 20 cents you buy now at 1?

@SuperPanda

Check out the website for Kendall Court who recently bought 100 mil share of GP. Look at their track record since 2004 and asset under management to date.
Look at the strategy they employ went they buy in to the company.

You will be interested to buy more GP.

I believe the Singapore company is looking at the prospect of GP in next 3-5 years(stated in website, standard private equity strategy).
Similar to Brahmal Vasudevan pe company where they normally exit after a good return.

http://www.kendallcourt.com/
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Posted by SuperPanda > May 22, 2020 10:11 AM | Report Abuse

mother continue drop, might until son premium finds fair value against mother

Looking at how the glove PE had gone sky high, tech counters is beginning to look like a bargain.

@Rishi

Bursa Malaysia will have all the details.
Annual reports and quarterly financial reports.
The Edge website also provide updated details.
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Posted by Rishi > May 21, 2020 2:35 AM | Report Abuse

newbie8080 --> what are the website you check for their prospects

Yeah. Do share the RHB review.

@huntertee

Can share how he managed to make losses?
IF the long term biz is intact, why buy in and sell in this short period.
Take a look at some fintech companies which runs digital bank like N26, Monzo, Webank, Revolut, Ant Financial, etc
Their valuation are in billions(USD).

Thought Gpacket is small, now with the collaboration with Tencent for e-KYC(a BNM compliance for account opening), it should be positive for
for the Gpacket & Tencent collaborate to get the digital bank license next month.

Touch n go & Alibaba is another party trying to get the license. Many more fighting for this license.

https://www.theedgemarkets.com/article/stronger-case-digital-banks-now

https://www.reuters.com/article/us-malaysia-banks-exclusive/exclusive-grab-razer-airasia-exploring-bids-for-malaysia-digital-bank-licence-sources-idUSKBN1ZL0SE
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Posted by huntertee > May 21, 2020 9:41 AM | Report Abuse

Chongcl8, my friend lost RM70k at this counter

Hope for dividend to double up as well since profit had grown more than 100%

I believe is the recent collaboration with multiple international company like Tencent, China Mobile, etc that had been bringing positive news to the share price.

Of course within the country, like PETRONAS, Bank Islam, various universities are also participating in the program.

Besides that, it recently also has some fintech initiatives for COvid-19, digital bank,thermal scanner,etc.


All this news certainly had contributed to the share price.

This rm24mil

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https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=103272&name=EA_GA_ATTACHMENTS

Interesting movement of the price.

Based on news in Bursa, Gpacket finally settle its issue with MYTV. MYTV will payup rm24million for the set top box.

Well, at least something positive out of it today.

https://www.nst.com.my/world/world/2020/04/586373/singapore-extends-circuit-breaker-lockdown-june

https://covid.gobusiness.gov.sg/essentialservices/manufacturing/

@popo92

The company derived 52% of the revenue from Singapore, 14% from Taiwan and 7% from China.

According to Singapore government, the company biz is considered essential.

No issue on lockdown for Taiwan or China.

The engineers should be on site this week onwards to cover the backlogs for march and april.

Wow.
Never thought it could reach RM5.

@ Ravi Kumar

How do they market derive the RM200mil for Q1?

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Posted by Ravi Kumar > May 19, 2020 1:19 PM | Report Abuse

You are soooo right


YTH888 It is truth. The profit of 115 cannot justify when the market expect some 200+. Cannot justify PEx 70

PE back to 40-50+
19/05/2020 12:46 PM

The company started their share buyback program. Thumbs up.

@abn10

Understand your perspective on it.

Just to share my thoughts.

TSMC depends greatly on their customers needs. One of the largest being Apple.

Apple generates about 45% of revenue comes from US, I believe it makes sense for TSMC to have their operations in US to support one of their biggest clients.

Besides that, this Covid-19 and trade war, also reveals that operation should not be based in a single location to avoid country risks, and political issues.

However, whether TSMC would actually build it operations in US , would depend who is the next president of US in November 2020.

Furthermore, TSMC mentioned that actual construction will only begin in 2021, it shows that TSMC is also waiting to know the results of the election in Nov.
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Posted by abn10 > May 15, 2020 7:55 PM | Report Abuse

@newbie8080 there are many factors come into play. One of them might be because of increasing demand since we all know tsmc is the largest semicon globally. Unless of u think that tsmc would split its orders into two regions, while the demand is still the same, tsmc might be going in the wrong way which i think they are not. My take is that whenever tsmc keeps growing its business, we know that frontken has made a great deal of businwss with tsmc when they made an agreement to supply for them. And FYI, frontken EV/EBITDA is still highly undervalued

Get from your broker or remisier.

Based on the last few quarter results, seems the company still making losses.
Despite having the Kiple pay,Kiple live,Kiple park,etc, is it profitable?

If I recalled correctly, from 18th March to 31st March, total lockdown during MCO.
14 days of ZERO production and installations.

Only 1st April, allow to resume operation with 50% workforce.
By May, it was 100% workforce.

The remaining 14 days sales in March will be implemented in May/June according to the news report.

In other words, Q2 results should be excellent and much better than Q2 2019.

Well, this news was release a few hours ago.
I believe Frontken may decide to expand it's reach to US as well.
Wait for the AGM in September for more news.
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Posted by popo92 > May 15, 2020 6:59 PM | Report Abuse

How can Frontken benefiting from TSMC building chip factory in us instead of taiwan? Frontken factory is in taiwan. Think twice.

Result is out.
COnsider quite good despite the short MCO affected period in March.

Next quarter should be slightly better as biz commenced with 50% workforce.

This new development will solve the issue of trade war for TSMC, China/Taiwan/US.
Frontken should benefit from this.

https://www.cnbc.com/2020/05/15/tsmc-to-build-us-chip-factory.html

This company prospect is quite good.

However, my only concern is it only has orderbook of RM58 as at March 2020.

So I believe by now, it should be depleted for this quarter sales.

Just wondering as no announcement of any top up in orderbook recently.
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https://www.theedgemarkets.com/article/solid-growth-trajectory-ahead-expected-uwc

@equitydiary

K1 only will complete and ready the prototype for manufacturing in 3rd quarter 2020.

Penta is now ready with prototype and manufacturing 40-50 unit this month.

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Posted by equitydiary > May 14, 2020 10:25 PM | Report Abuse

In the meantime...are we going to see something like this soon? :

K-One active, jumps 37% on venture into ventilators production
https://www.theedgemarkets.com/article/kone-active-jumps-37-venture-ve...

That was on 14 April, K1 has since gained another 77%...

Unbelievable, covid stocks are so full of momentum.

Regardless, Penta is a quality stock whether it is for the short or long term.

https://www.fool.com/investing/2020/05/14/iphone-sales-in-china-are-reportedly-growing-sharp.aspx

Just wait for the Q2 and Q3 results to know whether the company is able to achieve what it had planned out.
Anyone could do a good write up, but not everyone able to walk the talk.
The company had been established for more than 2 decades and achieved the highest revenue of RM300mil in 2012.

Since then, it had not achieved the vision and mission statement:
To be a leader and world class specialist in high precision components for the data storage,consumer electronics, digital imaging and automotive industries and an outsourcing provider using state
of the art high precision technology.

Besides that, the company is competing with our PPE and face mask manufacturer that recently jump into the bandwagon as well.

We know large multinational companies doing their part to manufacture ppe, face mask and ventilators. They are doing to contribute to the society and not doing it to be their main biz.
You won't be seeing GE, Ford, BAE, Bombardier,etc diversifying into ppe and face mask as their main biz.

Lastly, just a moment a go, Caely Holdings Bhd, Bra company diversifying biz into ppe and face masks.

It's just a hype and Notion Vtec is no different, 2-3 years down the road, Notion Vtec will remain where it is today.

A successful growing company such as Grab, Toss, N26,, Paytm, Coupang, Monzo, TikTok exist less than 10 years ago and are multiple times larger in valuation and in earnings.

Interesting news on the ventilator.
Didn't announce it Bursa but in Mida newsletter.

Maybe it's a prototype to invite investor.

From mida website:

MIDA assists companies which intend to invest in the manufacturing and services sectors, as well as facilitates the implementation of their projects. The wide range of services provided by MIDA include providing information on the opportunities for investments, as well as facilitating companies which are looking for joint venture partners.

TSMC has been talking to officials at the Commerce and Defence departments as well as to Apple Inc., one of its largest customers, about building a chip factory in the U.S


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https://www.hpcwire.com/2020/05/10/trump-chip-makers-mull-jump-starting-u-s-chip-making-capacity/

Anyone has any idea if G3 and Gpacket has any collaboration together?

The CEO should step down, take RM1 salary as role model and allow other capable individual to lead the company.

EPF subscribe to the PP for 50 mil shares.

I think no need to argue or debate further.

Whoever want to buy, should load up as much as you can on Tuesday since you believe it will worth much more in the future.

Whoever want to sell, should sell off everything and move on since this counter is risky and the PO doesn't justify.

Whoever, want to sit on the fence and watch first, just go ahead and look and monitor further.