Posted by biginvestor > 2019-01-19 23:08 | Report Abuse

Even with the tussle on, how far up can it goes.

Posted by Juan_Hardiez > 2019-01-21 08:37 | Report Abuse

I don’t think the other party has enough shares to remove the party as they only hold 11 to 15%. I foresee that the 3 directors have more than 15% shareholding. We gonna see buying war this week. I am targeting at least 15 - 20 sen price

Posted by venture > 2019-01-22 09:16 | Report Abuse

boardroom tussle?

Posted by 1234rich > 2019-01-22 22:12 | Report Abuse

They old director won't have enough share ...

Posted by commonsense > 2019-01-23 12:03 | Report Abuse

Just be careful when buying into this company. After all the price movement (very volatile), the company is still a loss-making company which had never been able to deliver any meaningful profits to its shareholders in past 10 years. To think that the company can suddenly deliver in FY19 might be a bit of a wishful thinking on the part of some investors.

Balance sheet does not look great with current liabilities now higher than the company current assets which might mean that the company is facing some liquidity issues (cash is only at RM270k).
Currently it seems that the company is facing some board room tussles which will only create more operational problem later given the unclear directions from the top. An EGM is schedule for the immediate change of 3 directors on 13 Feb.

If you are looking to diversify your portfolio outside of Inix (due to its earnings uncertainties) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analyst is around RM3.50.

Good luck.

Posted by ris87 > 2019-01-23 18:10 | Report Abuse

New director already resigned. See latest announment from bursa website

Posted by myrosdan > 2019-01-23 21:31 | Report Abuse

lol

Posted by Megaway1 > 2019-01-24 06:02 | Report Abuse

http://www.theedgemarkets.com/article/two-inix-technologies-independent-directors-resign-ahead-egm

Posted by venture > 2019-01-24 13:13 | Report Abuse

With bad director you will stuck later at highest price. no hope. I've sold all 900k share.

Posted by Megaway1 > 2019-01-25 05:36 | Report Abuse

KUALA LUMPUR (Jan 24): Some eight million shares, representing 3.09% of Inix Technologies Holdings Bhd were transacted off-market today.

According to Bloomberg data, the shares were crossed in two tranches, the first of two million shares at 11 sen apiece and the second of six million at 10.5 sen per share.

Both tranches were crossed at a premium to the closing price of 10 sen today, the counter finishing up 0.5 sen or 5.26%.

Posted by Megaway1 > 2019-01-25 05:37 | Report Abuse

Parties involved in the transaction were not known as at press time.

Some 18.64 million shares were traded in the open market.

Inix’s market capitalisation amounts to RM25.91 million.

Posted by sarachy_investor > 2019-01-29 10:04 | Report Abuse

good sign.....

Posted by newcentury9 > 2019-01-30 21:09 | Report Abuse

interesting, but it will drop back down right?

Posted by YiHu > 2019-01-31 11:44 | Report Abuse

eventually

Posted by richegnigma > 2019-02-01 22:01 | Report Abuse

If can break 11.5, n stand firm, next will be 0.15

Posted by Megaway1 > 2019-02-04 19:26 | Report Abuse

Boardroom tussle is over.

Posted by Farin Parin > 2019-02-07 15:46 | Report Abuse

better sell

Posted by fl888 > 2019-02-08 10:21 | Report Abuse

Debt free and small share capital and new China man substantial shareholder means what coming ?

Posted by Dotkaya > 2019-02-08 13:23 | Report Abuse

fl88
mean what

Posted by michaelwong > 2019-02-08 23:01 | Report Abuse

Just an assumption , don't put so much hope to expect things can change for the better .

Posted by birdie84 > 2019-02-11 10:25 | Report Abuse

When China Man coming in, that means its turning into an empty shelf company soon.. :D

Posted by Soleha > 2019-02-11 13:10 | Report Abuse

Zamsaham dah jual shares di ,, gap down mahu ni , cari kaunter lain

Posted by michaelwong > 2019-02-11 23:14 | Report Abuse

Heavy volume for quite sometime , but share price remain stagnant

Posted by fl888 > 2019-02-12 04:25 | Report Abuse

need Cash upfront to buy in PB, why ? ...something big seem to be brewing to rectify this kind of dilemma..

Posted by fl888 > 2019-02-13 16:13 | Report Abuse

who was the off market of 3.09% buyer of Inix on 25-1-19 at 11cts as reported by the Edge..

Posted by fl888 > 2019-02-13 22:38 | Report Abuse

Should have bought Inix code 0094 in Da Ma Cai!

Posted by apolloang > 2019-02-13 22:39 | Report Abuse

u play the stock why didn't u buy some? hehe

Posted by fl888 > 2019-02-19 09:34 | Report Abuse

Bought 9 sold 9.5. Last week, now whacked 10 how much to sell. . ..? Now got China connection..

Posted by ahfad > 2019-02-20 12:18 | Report Abuse

dulu masa mother at 11cent, warrant sudah 8cent. kali ini warrant banyak slow liow

Posted by IntelligentZombie > 2019-02-20 16:01 | Report Abuse

boat slowly sailing away

Posted by HazelTwirl > 2019-02-20 16:37 | Report Abuse

inix really got potential

Posted by yuen > 2019-02-20 16:41 | Report Abuse

NGGB - 49.5sen
DGB - 13sen
FOCUS -14.5sen
SANICHI - 6sen
INIX- 10.5sen
VSOLAR -19sen
NETX - 2sen

Posted by apollooang > 2019-02-20 20:03 | Report Abuse

coipek SANICHI

Posted by michaelwong > 2019-02-20 21:23 | Report Abuse

Got to wait for moment to take the cue when penny stocks start beginning to take the lead , otherwise , stock price is still lackluster despite with the daily huge volume transacted. . Hopefully, such can only be done , if the bull market can retain its momentum in the coming weeks . Price currently are holding steadily above 10 cents.

Posted by calvinteo > 2019-03-04 11:30 | Report Abuse

Earlier this year with the announcement to convene egm to remove 3 directors.

2 directors resign prior to egm and reinstate 3 directors as proposed and requested recently.

Any idea what happen to CEO/ED Dr Azman Hussin in which his name was in their list?

last Friday sudden drop to 8 sen with huge volume transacted.

Posted by michaelwong > 2019-03-04 15:02 | Report Abuse

Useless stock up 0.05 cents with burst volume so difficult... down 2-3 cents like kacang putih...LC stock.

Posted by RichEnigma > 2019-03-04 19:57 | Report Abuse

Kena force selling....

Posted by michaelwong > 2019-03-04 23:08 | Report Abuse

Aiyah ! No force selling makes no different lah ......sure force selling mah........all hoot kaw kaw thinking that the price is cheap mah....... but what is the point........ huge volume up 0.05 cents so difficult . The brokerage fees is enough to killed for those who bought in bulk

Posted by calvinteo > 2019-03-05 11:02 | Report Abuse

B4b4 cited "Relax and enjoy".

May be price dropping due to PP, force selling and or tussle between board members since frequent announcement in respect of dismissal, resign, reinstate of director etc after last year end agm n then call off egm therafter.

IMO let wait and see. Trade and or invest at your own risk.

Posted by GreatWarrants > 2019-03-05 15:31 | Report Abuse

Sell all, let me collect cheap thanks.

Posted by Soleha > 2019-03-05 15:47 | Report Abuse

Zamsaham, dah lama jual shares tu yg down

Posted by hkhk > 2019-03-05 15:58 | Report Abuse

Force selling again ka?

Posted by fl888 > 2019-03-05 16:09 | Report Abuse

Galactic Maritime force selling to pay profit guarantee of RM6 million...most likely

Posted by Newbiesky > 2019-03-05 16:10 | Report Abuse

so good time for us to enter?

Posted by fl888 > 2019-03-05 16:23 | Report Abuse

peace talk between ex directors and present directors please,,,,,,do not fight by pushing down the price...do win win style...

Posted by fl888 > 2019-03-05 16:40 | Report Abuse

Debt free company at this price is crazy.....too bad I have not enough money otherwise I buy up,this company....hahaha

Posted by limitlesss > 2019-03-05 16:45 | Report Abuse

must be bad news coming, insider starting dumping it...another con counter

Posted by kun1971kun > 2019-03-05 16:49 | Report Abuse

What happen?????

Posted by ahfad > 2019-03-05 17:00 | Report Abuse

either bas news coming or strong rebound coming. let see

Posted by Soleha > 2019-03-05 17:11 | Report Abuse

Tahniah inix sudah jadi 0.055 , hahhahh