FRONTKEN CORPORATION BHD

KLSE (MYR): FRONTKN (0128)

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Last Price

4.02

Today's Change

-0.02 (0.50%)

Day's Change

3.98 - 4.04

Trading Volume

1,234,400


52 people like this.

26,292 comment(s). Last comment by Goodwill5 9 hours ago

don_buy

46 posts

Posted by don_buy > 2015-06-19 12:18 | Report Abuse

End like PM Corp. Please go there and see how speakup promote.

Posted by Cheesing > 2015-06-19 12:19 |

Post removed.Why?

speakup

27,023 posts

Posted by speakup > 2015-06-19 12:20 | Report Abuse

ha ha....i already sold my pmcorp for a few thousand ringgit profit.

speakup

27,023 posts

Posted by speakup > 2015-06-19 12:21 | Report Abuse

look properly in pmcorp thread.... i already say i sold. sold happy too.

Posted by Cheesing > 2015-06-19 12:21 |

Post removed.Why?

crawler

4,829 posts

Posted by crawler > 2015-06-19 12:25 | Report Abuse

O&G also naik...frontkn mesti menang ...muahahahahahaha

Lim Elson

2,550 posts

Posted by Lim Elson > 2015-06-19 12:34 | Report Abuse

market up ... a lot stock up...

Lim Elson

2,550 posts

Posted by Lim Elson > 2015-06-19 12:41 | Report Abuse

look like time to go soon.. kekeke

crawler

4,829 posts

Posted by crawler > 2015-06-19 12:53 | Report Abuse

Frontkn is also in o&g

Awesome

1,221 posts

Posted by Awesome > 2015-06-19 13:05 | Report Abuse

Afternoon session more exciting? hehe

Posted by daretoplay > 2015-06-19 13:13 | Report Abuse

is it still a good time to in now?maybe @0.265?

Awesome

1,221 posts

Posted by Awesome > 2015-06-19 13:14 | Report Abuse

@daretoplay up to you. but i queue sell at @0.335

Posted by daretoplay > 2015-06-19 13:34 | Report Abuse

@Awesome thanks..but seems like ntg left at 0.265 or even 0.27..starting from 0.275 now lol

Awesome

1,221 posts

Posted by Awesome > 2015-06-19 13:39 | Report Abuse

@daretoplay If you feel comfortable with current price then u buy. Upside still there.

TylerTan

439 posts

Posted by TylerTan > 2015-06-19 13:54 | Report Abuse

Wonder how it will perform later.. Can enter at current price ? hmmm

Awesome

1,221 posts

Posted by Awesome > 2015-06-19 13:57 | Report Abuse

@tylertan past two days the afternoon session operator gobble up a lot. I believe today even more fierce as next week AGM =)

Sunkist118

999 posts

Posted by Sunkist118 > 2015-06-19 14:15 | Report Abuse

Simply Awesome Liao..

Awesome

1,221 posts

Posted by Awesome > 2015-06-19 14:16 | Report Abuse

@sunkist118 and others Good news, the tanker found with all the crews safe and sound. Cheers!

JN88

11,670 posts

Posted by JN88 > 2015-06-19 14:16 | Report Abuse

seem like mr coconut wish tak jadi liao ....

samyew1234

1,362 posts

Posted by samyew1234 > 2015-06-19 14:24 | Report Abuse

Guys, I think the worst is over, let's pray hard

Sunkist118

999 posts

Posted by Sunkist118 > 2015-06-19 14:38 | Report Abuse

I ask use pomelo ady

JN88

11,670 posts

Posted by JN88 > 2015-06-19 14:41 | Report Abuse

Musang King!

Awesome

1,221 posts

Posted by Awesome > 2015-06-19 14:44 | Report Abuse

Still I don't see any huge queue sell.. Will see more up this session? stay tuned. Cheers!

JN88

11,670 posts

Posted by JN88 > 2015-06-19 14:47 | Report Abuse

Many seller at 0.3 above ..hahahaha

Awesome

1,221 posts

Posted by Awesome > 2015-06-19 14:47 | Report Abuse

@JN88 I am one of them @0.335.. haha..

JN88

11,670 posts

Posted by JN88 > 2015-06-19 14:53 | Report Abuse

@awesome: you better check back Mr Ooi comment see how he trade.

Awesome

1,221 posts

Posted by Awesome > 2015-06-19 14:57 | Report Abuse

@JN88 from his past comments he reckon to sell @0.32-0.37.. still remember he reckon us to buy before the quarter report announced and then it goes above @0.30.. I believe in him

honeycool

61 posts

Posted by honeycool > 2015-06-19 15:00 | Report Abuse

there is a big sell q at 28 cents...or this not considered big yet?

Posted by rmkfac100812 > 2015-06-19 15:01 | Report Abuse

sold all.

honeycool

61 posts

Posted by honeycool > 2015-06-19 15:01 | Report Abuse

let's pray hard that frontkn will fly up more!

Posted by Lollipot Anison > 2015-06-19 15:02 | Report Abuse

AGM next week more to come. See how IFCA fly after AGM

Awesome

1,221 posts

Posted by Awesome > 2015-06-19 15:03 | Report Abuse

@honeycool be patience.

honeycool

61 posts

Posted by honeycool > 2015-06-19 15:05 | Report Abuse

@Awesome agreed with you. Just those couple of weeks have been very alarming.

blackul66

1,334 posts

Posted by blackul66 > 2015-06-19 15:10 | Report Abuse

que at 0.28 is nothing .every half cent increase from 26.5 to 27.5 , all with more than 130k lots for each half cent increase

tomanhead

603 posts

Posted by tomanhead > 2015-06-19 15:13 | Report Abuse

apa ni???? 0.265!!!

crawler

4,829 posts

Posted by crawler > 2015-06-19 15:14 | Report Abuse

Relaxxxx.. Patience will bring you more joys!

Posted by adnanlatifjps > 2015-06-19 15:14 | Report Abuse

Ada org buang besar...

honeycool

61 posts

Posted by honeycool > 2015-06-19 15:19 | Report Abuse

On the other hand, would it be a good idea to average up for those collect 24 cents and below? Just thinking aloud......

Posted by Optimuxxx > 2015-06-19 15:20 |

Post removed.Why?

Lim Elson

2,550 posts

Posted by Lim Elson > 2015-06-19 15:29 | Report Abuse

no more show... happy weekend... yam seng time !!!

Posted by daretoplay > 2015-06-19 15:37 | Report Abuse

need to break through 0.27

crawler

4,829 posts

Posted by crawler > 2015-06-19 15:40 | Report Abuse

good show come last

Awesome

1,221 posts

Posted by Awesome > 2015-06-19 15:43 | Report Abuse

Buy and hold.. will see next week AGM =)

Posted by daretoplay > 2015-06-19 15:44 | Report Abuse

bought @0.27 earlier...hope for good show next week..will keep until AGM...

blackul66

1,334 posts

Posted by blackul66 > 2015-06-19 16:03 | Report Abuse

Two thumbs up for you daretoplay, u really dare to play

JN88

11,670 posts

Posted by JN88 > 2015-06-19 16:04 | Report Abuse

betul betul dare to play...

Posted by daretoplay > 2015-06-19 16:06 | Report Abuse

i believe otb..or i believe in AGM XD

Posted by optimusprimeXV > 2015-06-19 16:07 | Report Abuse

anyone believe in early raya? :) laughdieme

Awesome

1,221 posts

Posted by Awesome > 2015-06-19 16:19 | Report Abuse

Yesterday who say no coverage? Today hlib kasi u coverage.. Buy buy.. Hehe

Awesome

1,221 posts

Posted by Awesome > 2015-06-19 16:20 | Report Abuse

Profile: Listed on the ACE Market in 2006, Frontken is a leading engineering service provider for a wide range of industries, including oil and gas, petrochemical, power generation, semiconductor and electronics manufacturing sectors in the Asia region. The company also owns a 57.9% stake in Ares Green Technology Corp (listed in Gretai Securities Market, Taiwan), whose customers include Taiwan Semiconductor Manufacturing Company (TSMC) and AU Optronics Corp (AUO). In terms 1QFY15 operating profit breakdown, Malaysia (50%) was the largest contributor, followed by Taiwan (45%), Philippines and others (5%).
Strong balance sheet. Earnings apart, Frontken’s 1QFY15 net cash has improved significantly to 3.5 sen/share from 2.9 sen/share in 2014 and 0.5 sen/share in 2013.
Cautiously optiomistic of a better FY15. Management is optimistic that the strong financial performance will strengthen further into FY15, underpinned several positive factors including: 1) The sustained bullish semiconductor sector outlook, which will have a positive spillover effect on Frontken; 2) Contribution from its subsidiary TTES Frontken Integrated Services (an engineering service provider which also owns a licence to supply and provide services to Petronas group of companies), which Frontken acquired in May 2014; 3) Improving performance from its operation in Indonesia after securing licence from Special Task Force for Upstream Oil & Gas Business Activities in 2014 (SKK Migas, an institution established by the Indonesia government to manage Indonesia’s oil and gas natual resources).
Short term bullish after downtrend line breakout. Prices closed above the short term resistance trend line from RM0.34 (21 May) on the back of heavy volume of 38m shares yesterday (11% higher against 6M average). This breakout is positive and could send prices higher in coming days, supported by bullish daily technical oscillators (RSI, MACD, slow stochastic and +DMI). Currently prices are sitting on the channel support near RM0.215 and as long as RM0.215 holds, further techncial bounce is likely.
Short term resistances are RM0.265sen (daily mid bollinger band) and RM0.275 (38.2% FR), respectively. Long term upside target is RM0.30 (23.6% FR).
Key supports are situated at RM0.235 (20-h SMA), followed by RM0.22 (100-d SMA). Cut loss at RM0.21 (a tad below uptrend line near RM0.215).
Source: Hong Leong Investment Bank Research - 19 Jun 2015

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