Posted by ITreeinvestor > 2019-08-28 21:49 | Report Abuse

quarter ended 30 June 2018. This is mainly due to a delay in product shipments to customers with sales value of approximately RM 2.2 million as a result of labour shortages in the Dongguan, China manufacturing plant. The Group has addressed the labour shortage by taking the approved steps to relocate the majority of its manufacturing operation in Dongguan to a newly incorporated
subsidiary in Wuning, China where stable workforce is more easily achieved.

Posted by ITreeinvestor > 2019-08-28 21:51 | Report Abuse

so labour shortages has addressed or not ???

Posted by SuperPanda > 2019-08-28 23:03 | Report Abuse

the company still struggling with the relocation issue thus affected sales and productivity...

current price is at bottom already and not sure if it will drop more... i still hold ave .94 and see how it goes rest of the week

i see it may drop within 80+ range but if no big seller, it should remain above 90 after settle down

Posted by PotentialGhost > 2019-08-29 09:28 | Report Abuse

Someone take boleh tahan , see every day drop ,no hope ,just throw

Posted by PotentialGhost > 2019-08-29 09:31 | Report Abuse

From 4.90 to 0.77 how crazy!!

Posted by shpg22 > 2019-08-29 09:38 | Report Abuse

This is the typical mountain stock. Climb high to peak and drop back to base. 95% of small cap company listed on bursa has this type of characteristic. So if you bought half way down thinking its a bargain, prepare to get whacked

Posted by shpg22 > 2019-08-29 09:41 | Report Abuse

Buy only when it reaches base. For IQ that's around 0.30

Posted by dompeilee > 2019-08-29 09:43 | Report Abuse

Fong Siling getting force SOLD? lol

Posted by dompeilee > 2019-08-29 09:44 | Report Abuse

1million pledged shares with RHB

Posted by shpg22 > 2019-08-29 10:04 | Report Abuse

From 4.90 to 0.77 how crazy!!
That's the problem, nobody complain when price shoot up from 0.30 in 2013 to 4.50 (adjusted). Only screaming when its going down. BTW 0.77 is not the base yet, 0.30 is.

Posted by SuperPanda > 2019-08-29 10:15 | Report Abuse

i only buy small qty bet on their profit but seems not a correct decision.. the mgmt made mistake on 1st relocation and then has to redo to new place.. hopefully it has settle down with the new place and start to focus on their sales

however led market is getting tougher due to competition so it has to work harder to position its product

Posted by SuperPanda > 2019-08-29 10:48 | Report Abuse

FA wise, mgmt good manage its finance since it has no debt.. cash still available and book value discount almost 50%.. it must start to profit next qtr if not more selling will happen

Posted by michaelwong > 2019-08-29 12:42 | Report Abuse

Terrible downhill with faulty brakes . Resemble pos from 5++ down to this date . Not all stocks can qualify to keep long term .

Posted by shpg22 > 2019-08-29 13:27 | Report Abuse

Every stock is qualify for long term. Just need to buy at base, not peak

Posted by sense maker > 2019-08-29 15:40 | Report Abuse

The fall should continue till 60sen or below.

Posted by lalalila > 2019-08-29 18:15 | Report Abuse

Did anyone attend AGM today? Anything to share ^^

Posted by SuperPanda > 2019-09-02 12:04 | Report Abuse

i shall wait next qtr to make new move, it just need to post at least 1m-2m profit for investor to jump in back

Posted by PeterNg > 2019-09-12 16:34 | Report Abuse

nothing can do, just need wait till sun rise.

Posted by samchong6891 > 2019-09-13 07:52 | Report Abuse

Any sifu can share some info about this company?

Posted by shareinvestor88 > 2019-09-22 11:30 | Report Abuse

Moving production base to china thus incurring losses and retrenchment cost. Net cash no debt. Once the move is completed , shud be making profit

Posted by samchong6891 > 2019-10-07 10:26 | Report Abuse

Shareinvesto88 the management mentioned that the sales is affecting by the trade world

Posted by Nick Chiong > 2019-10-12 10:33 | Report Abuse

How many percent of Sales to US? If just a small percent should be an issue. But shifting factory to China to cut cost is a short term measure, management need to think long term.

Posted by TradeLearner > 2020-01-24 12:01 | Report Abuse

krik2.. Cold Eye still holding this stock. A potential turnaround stock.

Posted by boringzack > 2020-04-13 13:29 | Report Abuse

Industrial 5.0 automated factory can work in dark. Why need sensor lighting?

Posted by investor2020 > 2020-04-18 12:09 | Report Abuse

IQ managed by poor excecutives,during the hot of China-US trade war -they transfer all their US market products to china factory, so IQ "enjoy" 25% tax now. Due to transfer majority of Penang products to Dongguang factory - they short of workers - so they transfer again to Wuxi and they used this transfer process as excuse for lossing money.Now they plan to build US market products at their Penang factory-back to square one ! They are burning their cash on this stupid transfer process.

Posted by samchong6891 > 2020-05-16 22:26 | Report Abuse

How u know they want transfer back to penang?

Posted by investor2020 > 2020-05-22 19:40 | Report Abuse

This is what IQ group management reply me , if u go through their quarterly report , they already transfer majority of their production to China about 2 year ago, but they still maintain operation of their penang plant ,that means the plant
utilization is very low and did not make sense in term of financial, the overhead cost is still there , and the cost per product will be very high.
I send a query to ask about this,based on their reply I think IQ management are not capable and their decision making is not logical,I immediately cut lost at about RM 1 , i'm really lucky ,IQ report further lost and became penny stock now. If u are IQ share holder you can send a query and see what they reply.

Posted by sense maker > 2020-06-26 18:29 | Report Abuse

This company is dropping by 95% in market capitalisation from its peak just 3-4 years ago.

Posted by sense maker > 2020-06-26 18:30 | Report Abuse

It’s LED biz sees no light ahead.

Posted by michaeso > 2020-06-26 21:16 | Report Abuse

So that's very bad

Posted by michaeso > 2020-08-14 22:12 | Report Abuse

It's seem like a good plans.

Posted by michaeso > 2020-08-14 22:13 | Report Abuse

Light shining

Posted by michaeso > 2020-08-23 20:24 | Report Abuse

Good buy

Posted by jwyap > 2020-08-23 23:10 | Report Abuse

Potential counter, it will back to rm1 soon

Posted by foreverchung > 2020-08-27 21:10 | Report Abuse

waaaa where's right hand? ur partner or u got receive news tomorrow goreng goreng ah? goreng up? jio me leh

Posted by fullblack28 > 2020-08-27 21:12 | Report Abuse

@lefthand_of_God
so tomorrow you goreng2 mou?

Posted by Doushan > 2020-08-27 21:14 | Report Abuse

Goreng ikan billis ?

Posted by foreverchung > 2020-08-27 22:01 | Report Abuse

lets go lets go! is it time god?

Posted by jwyap > 2020-08-27 22:48 | Report Abuse

lost turn to profit, welcome back to yoour normal market price, RM1

Posted by foreverchung > 2020-08-28 08:56 | Report Abuse

woi ah god pergi mana sudah?

meanwhile - for everyone's enjoyment, fresh out of the oven

http://www.wicz.com/story/42553312/motion-sensor-lights-market-2020-top-countries-data-market-size-with-global-demand-analysis-and-business-opportunities-outlook-2026

Posted by foreverchung > 2020-08-28 08:56 | Report Abuse

https://www.marketsandmarkets.com/Market-Reports/Motion-Sensor-Market-614.html

Posted by foreverchung > 2020-08-28 09:06 | Report Abuse

oh shit wtf

Posted by dompeilee > 2020-08-28 09:20 | Report Abuse

Bought IQGrp 68c

Posted by khuen > 2020-08-28 09:25 | Report Abuse

bought it early in the morning, target price RM1.40

Posted by dompeilee > 2020-08-28 09:28 | Report Abuse

LIMIT UP! LoL!!!

Posted by foreverchung > 2020-08-28 09:41 | Report Abuse

My TP more conservative, RM1.2, assuming PE 15.

Posted by LA777 > 2020-08-28 09:43 | Report Abuse

Yes, limit up!!!

Posted by khuen > 2020-08-28 09:56 | Report Abuse

tomorrow it shall limit up as well =D

Posted by foreverchung > 2020-08-28 10:04 | Report Abuse

tomorrow is saturday bro

Posted by foreverchung > 2020-08-28 10:06 | Report Abuse

+company nett cash
+company switch back to low mix high volume
+high volume = -production cost = profit