Posted by MZM2511 > 2 months ago | Report Abuse

Section 205 of CMSA – Manipulation of Price of Derivatives and Cornering
No person shall, directly or indirectly manipulate or attempt to manipulate the price of derivatives that may be dealt in on a derivatives market, or of any underlying instrument which is the subject of such derivatives or corner, or attempt to corner, any underlying instrument which is the subject of a derivative.

Illustration 10 - Scalping
The person trading is also responsible for giving buy or sell recommendations, e.g. purchases a security before recommending the security, and then sells the security at a profit upon the rise in the market price following the recommendation.

Posted by MZM2511 > 2 months ago | Report Abuse

Base on my BRIEF study on the QR4 2024 (The latesr QR) of Itronic:

(Note: A comparative figures from QR3 2024 included)

A: Revenue, profitability and NTA.
Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
726K 1,025K 1,037K 0.15sen 4 sen Up 148% Down 67%

B: Sitting on negative reserve of (RM 13,745,834).

C: Not a cash rich company.

D: Total assets > Total liabilities, Total current assets > Total current liabilities, and has a small non-current liabilities only @ RM 1,079,464.

E: Revenue down tremendously from the last quarter.


THE FINDINGS:

1. NTA 4 sen _ , QR3 2024 @ 5 sen.
2. NOSH 707.59 mil. _ , QR3 2024 @ 707.59 mil.

3. EQUITY
Share Capital RM 43,472,963 _ , QR3 2024 @ RM 43,472,963
Reserves / (accumulated losses) (RM 13,745,834) _ , QR3 2024 @ (RM 8,046,278)
Shareholders' funds RM 29,727,129 _ , QR3 2024 @ RM 35,426,685
Non-Controlling Interest RM 0 _ , QR3 2024 @ RM 0
TOTAL EQUITY RM 29,727,129 _ , QR3 2024 @ RM 35,426,685

4. Cash and Cash Equivalent:
Cash and bank balances RM 80,910 _ , QR3 2024 @ RM 4 ,517

5. Assets:
Current Assets RM 64,012,057 _ , QR3 2024 @ RM 74,109,474
Non-current Assets RM 9,264,729 _ , QR3 2024 @ RM 15,224,293
Assets held for slae RM 5,009,425 _ , QR3 2024 @ RM 0.00
TOTAL ASSETS RM 78,286,211_ , QR3 2024 @ RM 89,333,767

6. Liabilities:
Current Liabilities RM 47,479,618 _ , QR3 2024 @ RM 52,818,075
Non-current liabilities RM 1,079,464 _ , QR3 2024 @ RM 1,089,007
TOTAL LIABILITIES RM 48,559,082 _ , QR3 2024 @ RM 53,907,082

7. QR4 2024 results - Revenue RM 725,737 _ , QR3 2024 @ RM 16,881,800
- Gross profit / (loss) (RM 446,643) _ , QR3 2024 @ (RM 485,678)
- Net profit/(Net loss) RM 1,036,656 _ , QR3 2024 @ (RM 2,161,615)

Posted by MZM2511 > 2 months ago | Report Abuse

Note 1:

For the current quarter and year-to-date ended 30 June 2024, the Group reported a revenue of RM0.73 million and RM54.79 million respectively. Among these RM54.31 million, 99.13% was generated by the Hong Kong subsidiary, which primarily engages in the sales of watches. Malaysia operation which focusing on electronics & system integration operation, contributed RM0.11 million for the current quarter and RM0.48 million for year-to-date ended 30.6.2024.

For the current quarter and year-to-date ended 30.6.2024, the Group recorded a profit before tax of RM1.03 million and a loss before tax of RM3.98 million, respectively. The lower losses for the year ended 30 June 2024 primarily due to unrealised gain from foreign currency translation amounting to RM 4.62 million. On the other hand, the increased operating expenses resulting from accounting adjustment, particularly the recognition of impairment loss on receivables of RM2.09 million, finance cost amounting to RM1.30 million mainly from third parties borrowing, share of loss of an associates of RM0.77 million, have further increase the overall loss impact on the Group's financial performance. In addition, the recent increase in the cost of sales and decrease in revenue from watches segment contributed lesser profit to the Group.

Note 2:
The Group posted a revenue of RM0.73 million as compared to RM16.88 million in the preceding quarter, a decrease of RM16.15 million.The main reason for the lower revenue recorded in the fourth quarter primarily due to slowdown of sales from watch operation. The Group recorded a proft before tax of RM1.03 million compared to loss before tax of RM2.16 million in the preceding quarter mainly due to unrealised gain from foreign translation amounting to RM6.77 million recognised n this quarter. However, the reported profit before tax was reduced as there is share of loss from an associate of RM0.93 million for the current quarter as compared to share of profit of associate of RM0.01 million in preceding quarter, impairment loss on receivables amounting to RM2.09 million provided in the current quarter. In addition, The Group recorded a gross loss from selling watches of RM0.46 million as compared to gross profit of RM0.47 million in the preceding quarter. The gross loss was mainly due to increase in cost of sales and decrease inrevenue as a result of the Customer's response to the prevailing economic downturn.

Note: Prospects
The Group will continue to focus on consolidating its existing business to stregthen its presence in the watches industry and improve sales performance of watches trading segment. The Group may strategically decided to invest more in attracting customers such as offering discounts, running promotional campaigns or increaasing marketing efforts to draw in customers who are willing to spend due to economic uncertaintie. The Group is also planning to set-up sales gallery of watches in Malaysia, at the same time to improve its e-commerce platform to deliver better user experience and increase customer satisfaction.
The Group intends to penetrate into new markets by establishing Halal Food & Beverage restaurants and Halal Convenience Stores in Hong Kong. Addtionally, the Group has entered into a Project Management Contract to serve as the Project Management Company for the proposed development of hotel and golf course in Pulau Langkawi. The Board believes that these business will generate positive cash flow for the Group and contribute to enhancing shareholders' value.

Posted by koyokui > 1 month ago | Report Abuse

Buy itronic sell asset tp 5sen. Insya allah