Wow, never imagine that Q4 results is worst in the history since 2019 listing.

Why do the founders of KNM Ir Lee Swee Eng & Mdm Gan Siew Liat sell down their shareholding of 20% if this company can turn around with this new shareholder?
https://www.klsescreener.com/v2/announcements/view/680966

Crude oil price inching higher in the last quarter of 2023.
Likely will incur higher fuel cost which will lead to lower net profit again.

RF business is recovering

Q1 result coming out soon.
This will provide some insight of their biz in China.

Let's look at Q2 result which will be out next couple of days.
Investor are looking closely and expecting a recovery in their balance sheet this quarter.
The wildcard here is the current high crude oil prices.
If the company retains the air ticket price, it would cushion the increase of crude oil of almost 15% last few months.

Q2 which HK contributed 0% as compared to Q1 of 35%.
Q2 which Msia contributed 83% of total revenue as compared to Q1 of 50%

Mechanical assembly remains biggest contributor to total revenue in Q2 of 72% as compared to Q1 of 73%. For year on year, it's only 5% of total revenue.

The company revenue from existing customers are mostly short term in nature. Their business development is always looking for new customer to replenish their orderbook.

High oil price is achilles heel for airline profitability.

Yup, agreed with @Shines, can always buy back.

Q2 result will be out in next few weeks.
Interesting to note, what are the product mix results and geographical markets.

PC, laptop and data centre HDD market still soft. But hopefully can recover end 2023 onwards.

I think current situation quite similar with Cypark.
Jakel group bought substantial stakes into the company , hoping to turn around the company.

@Augustine
Next QR result should be out in a few weeks time.
Let's see if you got the right entry price.

Sounds like another wong engineering in the making. Have biz in semi, prop development, etc.
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=222910&name=EA_FR_ATTACHMENTS

Q1 revenue by segment 30-June 2023 31-Mar 2023 31-Mar 2022

Sheet metal fabrication ? 3.3mil 5.6mil

CNC machining ? 3.8mil 8.4mil

Mechanical assembly ? 25.7mil 1.6mil

Automated equipment solutions ? 1.6mil 2.1mil

To be honest, if there's a row of shoplots with 7-11, KK Mart, CU, Speed-99 mart, Family mart and Mynews located there, I will only drop by Speed-99mart , Mynews & family mart for specific items.

Capital A has yet to submit their regularisation plan.
Deadline 7-July 2023.

Amazing, it manage to recover back to yesterday's closing.
Love it.

Wow, this is totally unexpected.
Net profit lower than the first reported quarter in 2019 when they company was listed.

Taiwan’s export orders plummeted in May for a ninth consecutive month as a global drop in demand for semiconductors showed little sign of abating.
https://theedgemalaysia.com/node/671878

Just verified Edelteq HQ address: 18, 20 & 22, Lorong Impian Ria 4, Taman Impian Ria, 14100 Bukit Mertajam, Pulau Pinang

It's 3 shoplots <pic>

https://ibb.co/NNDr9Kc

@Genetec A baby step
Yes, you're right.
If you had invested in the company in jan 2021, Rm0.14 (adj bonus issue), you already earned your multi bagger of 18x or 1,700% in 2 years.
Do you think it can grow multi bagger of similar pace?

@Genetec A baby step

Where do you get this management briefing details?
The QR result was delivered on 31-May evening where QR does not provide any details and the next day, 1-June your management briefing details is posted.

So far, no Investment Bankers release any comments to date and no AGM yet.

Are you deliberate in releasing fake news?

@Genetec A baby step

Where do you get this management briefing details?
The QR result was delivered on 31-May evening where QR does not provide any details and the next day, 1-June your management briefing details is posted.

So far, no Investment Bankers release any comments to date and no AGM yet.

Are you deliberate in releasing fake news?

@JJPTR
Cathie wood bought it at USD5 level according to the bloomberg interview. So exit even at USD140 is a 28x.
https://www.youtube.com/watch?v=AfnuUa45_xg

Anyway, you posted this topic on wrong forum.

@pang72
Inari main biz relating to RF which is telco related, 5G ,etc

@Markv572421
Please don't spam here.

Let's wait for Bursa announcement.

Net profit of rm37.8 which include a gain on disposal asset of rm11.3m.
With the gain on disposal, net profit is rm26.4m, slightly lower than Q1 2022.
Still respectable net earnings despite a slow economy growth in Europe.

@MMCRMMCR

The CEO is largest shareholder with 44% ownership of the company and is the key person that steers the company direction and subsequently affect the company fundamental.
Seems he already is a director of ETMSB before joining MI as COO.
Let the court case decide as these is quite complicated.
But, it's better to have an interim CEO appointed during this time so that the company has a CEO that can steer the company without future disruptions and distraction from lawsuits .

Adjustment in QR is expected, since partial disposal of AIMS Data Centre.
https://klse.i3investor.com/web/blog/detail/hleresearch/2022-11-23-story-h-304813483-TIME_DotCom_AIMS_x_DigitalBridge

Interesting facts in the Edge Article:

Mi Technovation alleged that Chin had breached his employment contract when he refused to report to work on March 26, 2019.

Do you guys find something is off about the recent Q1 2023 quarter report?

The newly added Hongkong market for mechanical assembly worth RM12.5mil

i) From Annual report 2022, SFPtech has 3 markets; Msia, US & S'pore
ii) From previous QR , also match 3 markets where the revenue comes from; Msia, US & S'pore
iii) Previous 4 quarters in 2022 for mechanical assembly recorded revenue of RM15.6 mil
iv) Previous quarter Q4 2023, mechanical assembly only recorded revenue of RM1.6 mil

Without the new Hongkong market, SFP would declare revenue for Q1 2023 of only RM22.1 mil

Without the sudden unexplained surge in mechanical assembly revenue, SFP would declare revenue for Q1 2023 of only RM8.7 mil

@cheeseburger

Though there's a few competitor eg: Maxis, Digi, TM,etc
Time still monopolise the high rise building category eg: Apartments, condo
Just walk in to any apartment or condo, most of them using Time fibre broadband.

Profit margin sliding every quarter.
Q1 2022 was 48%
Q2 2022 was 31.1%
Q3 2022 was 41%
Q4 2022 was 30%

Q1 2023 is 29%

Negative operating cashflow despite net profit higher but not able to collect.
Receivables almost doubled.
Purchase of PPE for biz expansion reduce by almost 60%, likely reflecting slowdown in biz and subsequently lower capex spending compared with similar period in 2022.

In terms of prospects, SFP Tech said the global seasonal adjustment in the electrical and electronic industry is expected to have a softening impact on the group’s orders, predominantly for the computer numerical control (CNC) machining and sheet metal fabrication business segments.

@hhhiii123
Time is still retaining 30% in the data centre biz with DigitalBridge.
With the RM1 bil for dividend & RM1 bil to reinvest into the biz & other data centre expansion with DigitalBridge should be able to fill up the earnings gap of only 2%-8% for FY23-FY24 according to RHB.
https://klse.i3investor.com/web/blog/detail/rhbinvest/2023-03-01-story-h-297244580-Time_Dotcom_Dividend_Cheer

Q4 results should be out next couple of weeks.
Likely consensus revenue of rm15.7m to rm16.5m with net profit of rm4.65m to rm4.90m.

https://www.youtube.com/watch?v=LHiIgphW8YA
Batik Air & MAG: We did not consent to be on airasia Super App

Just be cautious for those have taken this ride based on the tech guy eg: RM1 per share commission
Sometimes ppl are paid to do the job as he had the financial net worth to inflate and deflate share prices. He do have a good profile and thus less suspicion on him.
Fundamentally speaking, nothing good from the company in terms of future earnings and prospect. The company had been around for ages, no catalyst unless you’re speculating that they’ll receive some form of compensation from the lawsuit. Apple legal advisers are no simple office staff and many companies have tried. Refer to my earlier post for links.
Nevertheless, hopefully everyone here take cautious ya.

If what Cecile mentioned is true, then we now know the true color of Stanley and his other board of directors.
A company with lack of transparency and audit governance is bad. Their luxury lifestyles using company expenses is another RED flag.

-In her letter, Cecile detailed how these disagreements started in November 2021, a month before her father's appointment as the group's executive chairman took effect, when he stated his intention to remove her from the board following her opposition to his proposed purchase of a new aircraft for US$47.39 million (RM210.32 million). Stanley's stated intentions to remove and later re-designate me arose from the fact that I did not sign the director’s written resolution to approve the proposed acquisition of the new aircraft,” she said.

-Then in February last year, she expressed her view that the conferment of sole authority on Stanley as the single authorised person for the company's bank accounts was against the company’s financial accountability and corporate governance practices. My request that the audit committee hold a meeting and provide specific guidance was ignored.

-Cecile was then denied access to a remuneration committee meeting via a Zoom video conference in May 2022, despite being a member of the committee. Then the remuneration committee and nomination committee was suddenly merged in August 2022, while she was removed from the newly merged committee.

-She also claimed the board had tried to stop her from responding to a question posed by a shareholder during the group's annual general meeting in December last year. The shareholder had asked about the group's audited financial statements, specifically about the aircraft purchase. "The executive chairman and another member of the board initialy denied me the microphone despite my attempts to address the audience, and subsequently distracted (them) from the topic after I had transparently answered the inquiring shareholder," she said.

-

Other similar Apple lawsuit related to bluetooth

https://appleinsider.com/articles/19/01/24/apple-sued-over-bluetooth-communications-in-devices-going-back-to-iphone-3gs

https://www.reuters.com/legal/brazil-court-fines-apple-orders-sell-iphone-with-charger-2022-10-13/

Any idea why this old announcement generates so much excitement?

This lawsuit started way back in Jan 2022
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=122232&name=EA_GA_ATTACHMENTS

How much will AAX pay Capital A for the airline assets upon the restructuring in 2023?
Let's say between RM2bil(min) to RM3bil(max), 30%-50% discount from IBs valuation.
In view of their current PN17 status, bank borrowing will be difficult.
Likely private placement & rights issue will be the way to go.
Let's take the lowest valuation in view of goodwill between existing shareholders, an issuance of new 1.55bil shares at RM1.30.
Is it worth it for both Capital A and AAX shareholders?

@EatCoconutCanWin
According to HLB, still have RM135 mil order book, how will it make losses?

It's a confusing time for glove prospect.
IB analyst say A
Glove manufacturer says B
Margma says C

Who is right?

The upcoming partial sale of AIMS unit and indicative dividend of 54 cent is quite attractive.
Though the data centre biz is growing well over the last few years but I think monetization some portion of it to reinvest in the other areas eg:5G tech and newer green data centre is attractive as well.
Understand that many minority shareholders prefer to keep AIMS at 100%, I thin the CEO knows what is best to grow Timecom better. Kudos.

Yup, normally ex-date in end June, payout in end July.

From my point of view, the QR result is not good based on 2 points.
i) Orderbook replenishment dropped significantly, which may indicate a gloomy outlook for EMS sector
ii) Q4 result should at least meet revenue of RM145million with net profit of RM15million.

Agree with Hwmatepadt8
Oppstar biz model is unique where their primary earnings are squeeze from their workforce talent.
Once they are experienced, likely they will leave for large MNC eg: Singapore where SGD is so much worth.
Unlike other types of fabless tech company like Qualcomm, NVIDIA, Broadcom, etc, these company have talent & PRODUCTS.
If Oppstar can't retain talent with higher salary, likely they won't do well.
The company perform well in 2020-2022 as most staff cannot leave the country as Msia border reopened in April 2022.
Just monitor the next few quarters to see whether their talents size grow or reduce.
It's some in

Likely the PN17 will extend for another 6-months since it's already start in Nov-2021.
Bursa giving chance after chance. Then on the hand, what's the purpose of PN17 if the status can be extended indefinitely.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3333920