NATGATE provided clarification on the distortion in its 3QFY24 headline profit, which was impacted by various one-offs and significant forex movements. The group realised RM62m forex losses related to receivables and recorded a RM138m unrealised forex gain tied to payables. One-off items include an RM18m provision for product liabilities, RM7m in product development costs, and RM20m cost of goods revaluation due to the strengthening of the MYR against the USD. Additionally, the group incurred RM8m advance tax payment for its pioneer status, which can only be activated after 12 months in operations. Excluding these items, core NP stood at RM28m in 3QFY24, bringing 9MFY24 core NP to RM78m, a 73% YoY increase.
NATGATE unveiled a staggering RM10b turnover target or FY25, driven by strong demand for AI GPU and non-AI CPU servers serving regional data centres. It plans to deliver 3k-5k AI GPU servers (ASP: USD230k-250k/unit) and 30k-50k non-AI CPU servers (ASP: USD10k-15k/unit) in FY25. By 9MFY24, it had delivered 1,035 AI GPU servers, which exceeded its 2024 target after 765 units were delivered in 3Q, with another 1k+ units are planned for 4Q. It has also secured a 2k units AI GPU server order to be delivered in 1HCY25. Non-AI CPU deliveries reached 11k units in 9MFY24, including 7,112 units in 3Q. NATGATE anticipates a 1:10 delivery ratio between AI GPU and non-AI CPU servers and aims to launch advanced AI servers (B series) in 2QFY25, priced 50% higher, with volume guidance yet to be disclosed.
U shout like a noob when the QR released. Dont even know how to read QR. Did IB ask to sell when qr was released? Called people liar? All your joker statement still here. Now no shame come back with buy call?
Suddenly so care about natgate business. When we are positive about natgate, called us liar? And now talked that you are free to write your views? Then why at the first place we were not free to write our view? Joker.
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....
pang72
51,982 posts
Posted by pang72 > 2 weeks ago | Report Abuse
No need to analyse my thought.
It is not important.
It is important to see what the boss thought!!
' OOI ENG LEONG 29-Nov-2024 Acquired 270,000 2.118
DATO' OOI ENG LEONG 28-Nov-2024 Acquired 500,000 2.095