According to government data compiled by Bloomberg, China continues to import semiconductor equipment at a record setting pace, with most orders coming from older generation machines. Due to its criticality in enabling advanced industries such as artificial intelligence and supercomputing, semiconductor equipment has become one of the most scrutinized industrial machinery in the world. https://wccftech.com/asml-amat-among-firms-that-sold-record-26-billion-chip-equipment-to-china-through-july/amp/
all tech conter drop badly , all waiting the NVIDIA qr tonight . is the bell weather for tech global now. if kobay results released tonight is not good and NViDIA qr is not expected . could be double edge sword then .
Result for currently Qtr. looks good for Kobay, as core Manufacturing Biz shows improvement primarily from increasing sales orders, particularly within the component, aerospace, and surface treatment divisions. Rebound soon! Follow Directors to accumulate on current Weakness!
Also Nvidia reported second-quarter earnings that beat Wall Street expectations and provided stronger-than-expected guidance for the current quarter. The company also authorized an additional share buyback of $50 billion.
Kobay 4Qtr Result Statement of Profit & Loss and Other Comprehensive Income
Kobay Group reported revenue and profit before tax ("PBT") of RM89.5 million and RM5.9 million respectively for the current quarter, reflecting a 31% increase in revenue and a 758% increase in PBT compared to the corresponding quarter of the preceding year. For current YTD, cumulative revenue (Total Qtr1 to Qtr4) of RM327 million with PBT of RM22.2 million.
1.1 Segmental Analysis Summary
#Manufacturing The manufacturing division has demonstrated improving results, with a 37% QoQ increase in revenue and a 518% QoQ increase in PBT. The QoQ improvement primarily resulted from increasing sales orders, particularly within the component, aerospace, and surface treatment divisions.
#Property Development The property division showed a slight improvement QoQ, with a 62% increase in revenue.
#Pharmaceutical & Healthcare The revenue reported for the pharmaceutical and healthcare division showed a 14% increase QoQ and a 4% increase YoY.
#Asset and Investment Management The Asset and Investment Management Division reported an increase in revenue of 27% QoQ and of 236% YoY. The profits primarily stem from generating income through dividends paid by subsidiary companies to the holding company.The revenue increase is largely attributed to the hospitality management services at Langkawi, significantly enhancing the division's performance.
Yes! Especially when Kobay's core Manufacturing Biz shows improvement. As already reached 52 week low, downside risks are minimal as Nvidia the Bellweather for Tech Global beats market expectations! Just follow Directors accumulate on current weakness!
laulau the way you promote stock is like a property agent. Nothing attractive about this counter. Almost 7 consecutive days of red, profit is terrible, PE is still high at this price, USD and Tech downtrend. This is more like exit immediately
The Koay family keep acquiring its own shares before and after the Q2'24 quarterly results announcement...the insiders are buying happily and cheaply from the retailers.
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GemSeekers
1,048 posts
Posted by GemSeekers > 2024-08-22 14:49 | Report Abuse
@laulau ?? where is your fv 6.83 come from ?? . bearish chart support level 1.71