CORAZA INTEGRATED TECHNOLOGY BERHAD

KLSE (MYR): CORAZA (0240)

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Last Price

0.595

Today's Change

-0.03 (4.80%)

Day's Change

0.595 - 0.625

Trading Volume

4,449,600


1 person likes this.

1,168 comment(s). Last comment by YJInvest 2 hours ago

HosayLiu

199 posts

Posted by HosayLiu > 1 month ago | Report Abuse

Nice, it really rebounds. Thought can collect it cheap like 60 cents today 😅

geary

5,879 posts

Posted by geary > 1 month ago | Report Abuse

CORAZA Weekly Momentum!
S1: 0.65.
Pivot: 0.675.
R1: 0.72.
R2: 0.775.
Overall Call: Green!
Buy/Sell: Own Risk/Reward.

limitup4u

282 posts

Posted by limitup4u > 1 month ago | Report Abuse

no energy to rebound

HosayLiu

199 posts

Posted by HosayLiu > 1 month ago | Report Abuse

It's ok. Take this chance to collect while the price is less than 70 cents : )

limitup4u

282 posts

Posted by limitup4u > 1 month ago | Report Abuse

hope it can catch up to ECA

faridfet

413 posts

Posted by faridfet > 1 month ago | Report Abuse

coraza is going to 0.61 cent..

HosayLiu

199 posts

Posted by HosayLiu > 1 month ago | Report Abuse

@faridfet. Lol, you expect Coraza to show bad Q2?

HosayLiu

199 posts

Posted by HosayLiu > 1 month ago | Report Abuse

Looks like it moves up after acquiring Ready-Built Factory in Penang

https://www.thestar.com.my/business/business-news/2023/08/15/coraza-buys-factories-for-rm18mil

limitup4u

282 posts

Posted by limitup4u > 1 month ago | Report Abuse

but market still doesn't buy the story

HosayLiu

199 posts

Posted by HosayLiu > 1 month ago | Report Abuse

Market bought the story but no so enthusiastic ...it went up from 65 cents after the news came out

faridfet

413 posts

Posted by faridfet > 1 month ago | Report Abuse

@hosayliu yes bad QR

limitup4u

282 posts

Posted by limitup4u > 1 month ago | Report Abuse

and is going back to 0.65 soon

HosayLiu

199 posts

Posted by HosayLiu > 1 month ago | Report Abuse

@faridfet. Let's see then, But I think its q2 will better than q1 a bit..

Posted by GrowthCapitalist > 1 month ago | Report Abuse

Is there any analyst covering Coraza and i wonder why this stock plunge so much , besides they bought a place for expansion. In that case the book order should be filled more than average.

Posted by JhonSmith1612 > 1 month ago | Report Abuse

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HosayLiu

199 posts

Posted by HosayLiu > 1 month ago | Report Abuse

@GrowthCapitalist. That's what I thought too...no way they spent their capex on expansion to bet on future order books

faridfet

413 posts

Posted by faridfet > 1 month ago | Report Abuse

Coraza:
-3 consecutive low revenue and low net income in a row
-low asset turnover but maintaining high inventory
-the trend of lower profit from core operation can be seen since Q2 22, Q3 22 & Q1 23
-non operating income is higher than core income is seen as not a sustainable business
-cash operating activities is negative
-free cash flow is negative

HosayLiu

199 posts

Posted by HosayLiu > 1 month ago | Report Abuse

What a shock...Q2 is quite bad 😥

HosayLiu

199 posts

Posted by HosayLiu > 1 month ago | Report Abuse

OSK and TA gave Coraza quite good prospects.

justinyeoh

178 posts

Posted by justinyeoh > 1 month ago | Report Abuse

accumulating good to go in for position .

HosayLiu

199 posts

Posted by HosayLiu > 1 month ago | Report Abuse

Agreed. If got strong cash flow sure can keep it for 1 -2 years

faridfet

413 posts

Posted by faridfet > 1 month ago | Report Abuse

with current coraza performance, accumulation only good at 0.50..

Coraza, Eca, Cnergenz are sinking..

faridfet

413 posts

Posted by faridfet > 1 month ago | Report Abuse

@HosayLiu what good prospect are you talking about. read between the lines from analyst report.

TA Target price:
2022 Nov - TA announced: 0.98
2023 Mac - TA announced: 0.89
2023 Aug - TA announced: 0.865

OSK target price:
2023, 1 Mac - OSK announced: 1.04
2023, 30 Mac - OSK announced: 0.87
2023, 15 May - OSK announced: 0.81
2023, 29 May - OSK announced: 0.77
2023, 25 Aug - OSK announced: 0.68

Time to time the analyst downgrade Coraza to graveyard.

Posted by Christianroy > 1 month ago | Report Abuse

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JUSTICE88

40 posts

Posted by JUSTICE88 > 4 weeks ago | Report Abuse

The worst has over , the new factory has secured a new order from big MNC

limitup4u

282 posts

Posted by limitup4u > 4 weeks ago | Report Abuse

I don't see any announcement of this new order from big MNC

JUSTICE88

40 posts

Posted by JUSTICE88 > 3 weeks ago | Report Abuse

Uptrend start next week , grab the opportunities to h9e before crowd come in

jay2004

105 posts

Posted by jay2004 > 3 weeks ago | Report Abuse

After listing PP shares, it will fly to the sky.

Posted by GrowthCapitalist > 3 weeks ago | Report Abuse

when was the PP done, i couldn't see the news at all, if Yes then good new though!

Posted by GrowthCapitalist > 3 weeks ago | Report Abuse

surprisingly 3 million traded. everday 1% naik pun ok leh

jay2004

105 posts

Posted by jay2004 > 3 weeks ago | Report Abuse

PP shares will be listing tomorrow.

Posted by GrowthCapitalist > 3 weeks ago | Report Abuse

where do you get the news and mind sharing the link>

Dehcomic01

129 posts

Posted by Dehcomic01 > 3 weeks ago | Report Abuse

"New" listed companies tend to have a few good years post IPO followed by more "realistic" returns. I think we are just seeing this pattern. If you are a fundamental investor, wait for a bit more history before making any analysis

Posted by GrowthCapitalist > 3 weeks ago | Report Abuse

Sometime, KLSE is no longer a long term stock holder, either you out when you get profit else you account might bleed if something got crashed.

Posted by GrowthCapitalist > 3 weeks ago | Report Abuse

Thanks Jay2004 for being helpful, I am not a big fan of PP to think the stock will go up because they just went through IPO and PP at this early point sounds fishy.

well, just wait for next quarter to see if any imporvement,.

Cakes Moon

6,695 posts

Posted by Cakes Moon > 3 weeks ago | Report Abuse

Alright, I am catching falling knife at 65.5 cents

faridfet

413 posts

Posted by faridfet > 3 weeks ago | Report Abuse

@growthcapitalist agreed with you, some how its quite challenging to hold long term in KLSE.

Posted by GrowthCapitalist > 2 weeks ago | Report Abuse

However, this stock has plunge alot but once the company started to pick up, trust me it would fly way higher than the blue chip stock while stay silent but keep posted of their ROE.

Posted by alaxander > 2 weeks ago | Report Abuse

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jay2004

105 posts

Posted by jay2004 > 2 weeks ago | Report Abuse

Volume increase and price is moving up.

Posted by GrowthCapitalist > 2 weeks ago | Report Abuse

Today market is green though that's why all up! Coraza need to break that 0.7

Cakes Moon

6,695 posts

Posted by Cakes Moon > 2 weeks ago | Report Abuse

Looks like here is the solid rock bottom price, waiting patiently for the next huge surge!!!

Posted by GrowthCapitalist > 2 weeks ago | Report Abuse

I have no idea why this guy plunge so much but according to their PAT is very bad which is half of the previous quarter. 4 times lower comparing qtq. If they don't get at least 4mill in the next quarter then it's hard to see the price action to hover around RM1. I dont wanna average down and no bullet anymore as well.

justinyeoh

178 posts

Posted by justinyeoh > 1 week ago | Report Abuse

heavy accum, something big coming soon .

Posted by GrowthCapitalist > 6 days ago | Report Abuse

it's not heavy accum though, i feel gonna break another low. I shouldn't have invest in the ipo company. hmm!

Azuan2020

22 posts

Posted by Azuan2020 > 5 days ago | Report Abuse

Sell in Sept and go away, normally Oct market crash in the making

Posted by GrowthCapitalist > 3 days ago | Report Abuse

Azuan aint sure where do you get the info Oct market would crash. Coraza is already semi-crash since 2 quarters ago. I am heavily investing here because their FCF is intact even though their revenue is way lower than previous earning. Besides, their gearing ratio has improved with regards of their lower PAT. I dont worry about this company much anymore because i dont think the worst going to happened next because this round of revenue is considered as the lowest in the demand result.

You might see valuation is bad but their liquidity and debt are really good. So no harm to invest now and keep it for couple months. Enjoy your rides guys

Cakes Moon

6,695 posts

Posted by Cakes Moon > 1 day ago | Report Abuse

Guys, lets' prepare to dip below 60 cents now!!!
True con-man stock had revealed its true color!!!

YJInvest

104 posts

Posted by YJInvest > 2 hours ago | Report Abuse

For @ Justice88, do you have any new updates as you shared a couple of weeks back that uptrend to occur as a result of a potential new order? Thanks

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