The Chinese government has launched a new national semiconductor fund, it was revealed on the 27th of May..With a capital of 344 billion yuan, it is the largest to date. As the United States strengthens its containment policy against China over semiconductors essential for artificial intelligence (AI), China is hastening to build its own supply chain in response.
Chinese chip shares rose, with the CES CN Semiconductor Index (.CSI990001), opens new tab rallying more than 3% and set to log the biggest one-day gain in more than a month.
Last month, Kobay announced that Avelon Healthcare had completed the acquistion of a medical products distributor, Medicwave (M) Sdn Bhd, for RM15.12 million cash. https://theedgemalaysia.com/node/706875
Kobay shares are tightly held by Private Companies & Institutions. Kobay Holdings already holds 34.1% with only 20.3% held by general public (retailers). With diversification into Healthcare business, Kobay's earnings forecast at 60.4% per year is better than savings rate of 3.6%. Kobay's earnings are forecast to grow faster than My market of 12.1% per year.
Recommendation: Buy on weakness and we wait for the next wave.
Ownership Breakdown Individual Insiders 2.5% Institutions 16.7% General Public 20.3% Private Companies 60.5%
Earnings vs Savings Rate: KOBAY's forecast earnings growth (60.4% per year) is above the savings rate (3.6%).
Earnings vs Market: KOBAY's earnings (60.4% per year) are forecast to grow faster than the MY market (12.1% per year).
High Growth Earnings: KOBAY's earnings are expected to grow significantly over the next 3 years.
Top 19 shareholders own 79.7% of the company. #Kobay Holdings Sdn. Bhd 34.1% #Norinv Kapital Sdn. Bhd 18.7% #Hong Leong Asset Management Bhd. 4.75% #Inna Capital Sdn. Bhd. 4.62% #Norges Bank Investment Management 4.09% #Pemiergrow Capital Sdn. Bhd. 3.17% #Employees Provident Fund of Malaysia 1.9% #Kumpulan Wang Persaraan 1.75% #Chen Ghee Tan 1.39% #Kenanga Investors Bhd. 1.36% #Lembaga Tabung Haji, Endowment Arm 1.17% #Shwu Yan Lai 0.75% #Manulife Investment Management (M) Bhd. 0.43% #Chuan Kim Young 0.36% #Meridian Asset Management Sdn Bhd 0.35% #Taurus Investment Management Berhad 0.3% #KAF Investment Funds Bhd. O.29% #Dimensional Fund Advisors LP 0.2% #AmIslamic Funds Management Sdn Bhd 0.12%
Kobay shares are tightly held by Private Companies & Institutions. Kobay Holdings already holds 34.1% with only 20.3% held by general public (retailers). With diversification into Healthcare business, Kobay's earnings forecast at 60.4% per year is better than savings rate of 3.6%. Kobay's earnings are forecast to grow faster than My market of 12.1% per year.
Recommendation: Today's transaction volume is low due to Kobay shares tightly held by substantial shareholders. Only weak holders and retailers are weeded out with the Operators still accumulating. Buy on any weakness and we wait for the next wave of buy by market & Institutional Funds.
Very good comeback by the operators! Expect more upside in the next few days after weak holders and day traders are all flushed out? Apart from diversification into Healthcare Business, Kobay Technology benefits from semiconductor, E&E demand surge. Kobay will start electronic manufacturing system (EMS) and solar panels soon. Kobay is ready to manufacture aluminium frames for solar panels as the renovation and installation of its new 15-acre plant dedicated to renewable energy-related business had completed.
Kobay has diversified into Healthcare & Technology with E&E. RM3 is not a dream, with limited scripts available in the market followed by TP RM4~4.5 since Kobay has clocked in profit for 3 successive Qtrs.
Kobay is a stock currently with positive momentum so it's an opportunity to reap high returns. It's better to provide value added Analysis for Investor's informed decision making rather than just making a Conjecture? https://theedgemalaysia.com/node/713456
If don't appreciate Kobay, can always try something cheaper like Iris? We believe it's on the verge of a breakout? :)
Recommendation: Kobay shares are tightly held by substantial shareholders. Since weak holders and retailers already flushed out and most substantial shareholder's holding cost is RM4 or above? not many are willing to sell at current price. Operators will go for the lower hanging fruit of RM3 before next TP4~4.50. The next run-up will be fast & furious! Buy on any weakness and we wait for the next wave of buy by market & Foreign Funds.
Kobay poised for a technical breakout, says RHB Retail Research TheEdge Fri, May 31, 2024 08:26am - 46 minutes
KUALA LUMPUR (May 31): RHB Retail Research said Kobay Technology Bhd (KL: KOBAY) is poised for a technical breakout after rebounding off the 21-day simple moving average (SMA) line and closing at the immediate resistance of RM2.26.
In a trading stocks on Friday, the research house said that if a breakout happens above that mark, the counter will trend higher towards the 52-week high of RM2.58, followed by RM3 level.
“On the flip side, falling below the RM1.94 support negates the bullish setup, as it would then be trading below the SMA line,” it said.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
limitup4u
403 posts
Posted by limitup4u > 2024-05-16 13:03 | Report Abuse
Fast and furious, like someone is accumulating and holding back the price like that..