KOBAY TECHNOLOGY BHD
KLSE (MYR): KOBAY (6971)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
2.30
Today's Change
-0.03 (1.29%)
Day's Change
2.26 - 2.37
Trading Volume
2,834,000
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Discussions
4 people like this. Showing 50 of 1,805 comments
Dimensional Fund already started accumulating Kobay since 31 March 2024. Very sure other foreign funds are also buying hence the first Lu! Accumulate before cheap scripts which are limited are exhausted?
Dimensional Fund Advisors LP
0.2%
Shares 633,322
Value RM1.4m
Change % 2.5%
Portfolio % 0%
Last Reported 31 Mar 24
1 week ago
Pang72
I thought you have sold all?
Laulau
Promoting iris in Kobay counter? No more supporting Kobay ah?
1 week ago
Tensile up already where got chance rebound in short
Ukraine 'fires first US missile into Russia
Ukraine last night claimed it successfully hit a missile system inside Russia using U.S. weapons.
It said the country’s forces destroyed Russian missile launchers with a strike in the Belgorod region.
Senior politician Yehor Chernev claimed Ukrainian forces used a High Mobility Rocket Artillery System, or HIMARS, The New York Times reported.
1 week ago
ST. PETERSBURG, Russia (AP) — President Vladimir Putin warned Wednesday that Russia could provide long-range weapons to others to strike Western targets in response to NATO allies allowing Ukraine to use their arms to attack Russian territory.
Putin also reaffirmed Moscow’s readiness to use nuclear weapons if it sees a threat to its sovereignty.
1 week ago
US-sanctioned company not a semiconductor manufacturer, says Miti
https://www.thestar.com.my/business/business-news/2024/06/05/us-sanctioned-company-not-a-chips-manufacturer-doesn039t-hold-export-permits-says-miti
1 week ago
European Central Bank cuts main interest rate by 0.25 points
ECB reduces rate to 3.75% across eurozone, putting it ahead of US Federal Reserve and Bank of England
1 week ago
Malaysia's property market to be stable in 2024 with sustained growth over next 3 years - Nga - https://www.thestar.com.my/business/business-news/2024/06/06/malaysia039s-property-market-to-be-stable-in-2024-with-sustained-growth-over-next-3-years---nga
1 week ago
Bursa now very bullish & Foreign Funds are here. If operators are willing to sell cheap just accumulate on weakness. The benefit outweighs the risk since retail only holds 20%, balance are held by substantial shareholders including Institutions, EPF & KWAP will support Govt's RE initiatives as mentioned above.
Recap.
#Kobay has been making profit for 3 consecutive Qtrs., with Profit of RM5.84M on a Turnover of RM87.79M for Qtr. 3.
#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.
#The 2 new projects, namely EMS and solar frame should be operational and generating income from next quarter onwards.
#There is a relatively healthy outlooks for aerospace and O&G divisions.
#Solar segment. The group is ready for its venture into the manufacturing of aluminium frames for solar panels for renewable energy-related business. #Kobay has already completed the renovation and installation of the new 15 -acre plant dedicated for renewable energy-related business. The prior delay from authorities’ approvals has been rectified and the factory is now successfully connected to the electric power after the substation upgrade by TNB. The anodizing line has been set up and currently the factory is ready to run for production.
#EMS. Recall that Kobay invested RM20m in Innospec, a new SMT services subsidiary, to provide end-to-end complete solution for ADS. Kobay has already been qualified by customers in 2QFY23 and is currently awaiting orders to be released to kick start production. At this juncture, the group just secured 2 customers with revenue guidance of about RM1m monthly. Despite the minimal contribution Kobay’s main aim is to utilize the readily available SMT line and achieve breakeven.
#Advance data server. Demand has improved as bitcoin price has more than doubled from breakeven price of USD27k to 67k as of June 2024.
#Property and pharmaceutical. Property development is expected to deliver positive performance on the back of the completion of its maiden Langkawi project.
#Pharmaceutical shall continue to work on widening its product range, along with cost control efforts to improve profitability and market competitiveness. The division is looking to expand its business in nutrition/supplement that could garner higher margin.
1 week ago
TSMC’s May Sales Rise 30% as Countries Race to Secure AI Chips
AI is driving a global boom in data center construction
TSMC is the biggest chipmaker to both Apple and Nvidia
https://www.bloomberg.com/news/articles/2024-06-07/tsmc-s-may-sales-rise-30-as-countries-race-to-secure-ai-chips
1 week ago
Correction over? Operators has done many rounds of washing to flush away stale bulls & weak holders! Kobay will benefit from planned US Tariff increase from 25% to 50% for E&E products just like gloves sector
Apart from diversification into Healthcare Business, Kobay Technology benefits from Semiconductor, E&E demand surge due to US Planned Tariff increase to 50% from 25% for China made E&E products imported into US Market.
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 will be a beneficiary of US's tariff increase from 25% to 50% on China made solar cells modules/aluminium frames, as according to a White House statement: The tariff rate on solar cells (whether or not assembled into modules) will increase from 25% to 50% in 2024. The tariff increase will protect against China's policy-driven overcapacity that depresses prices and inhibits the development of solar capacity outside of China like Malaysia (Kobay)
*Note: US to Hike Tariffs on China Imports:
Steel and aluminium: The tariff rate on certain steel and aluminum products under Section 301 will increase from 0-7.5% to 25% in 2024.
Semiconductors: The tariff rate on semiconductors will increase from 25% to 50% by 2025.
https://www.fastmarkets.com/insights/biden-hikes-tariffs-on-chinese-imports-steel-aluminium-electric-vehicles-among-sectors-targeted/#:~:text=Semiconductors%3A%20The%20tariff%20rate%20on,%25%20to%20100%25%20in%20202
Rpecommendation:
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! Accumulate on any weakness and we wait for the Breakout to the next wave of buy by market & Foreign Funds such as Dimensional Fund etc.
https://theedgemalaysia.com/node/713761
5 days ago
If Kobay has Lu to 2.58 before, it can Lu or even Gap-up just by association with any E&E player like Foxconn or similar like Vitrox in current Bullish Market?
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! Accumulate on any weakness and we wait for the Breakout to the next wave of buy by market & Foreign Funds such as Dimensional Fund etc.
https://theedgemalaysia.com/node/713761
4 days ago
This is a calculated Risk backed by many feel good factors for Kobay as mentioned above.
Remember The Bigger the Risk, The Bigger the Returns!
Procrastination is the enemy of success.” — ...
“He who awaits much can expect little.” — ...
4 days ago
Don't Miss! the next rebound is just waiting to happen!
https://www.nst.com.my/business/corporate/2024/06/1062967/bursa-malaysia-stages-rebound-fed-decision-cooler-us-inflation
3 days ago
What a great Rebound! The Bulls are Back!
According to RHB Retail Research, Kobay Technology is poised for a technical breakout after rebounding off the 21-day SMA line and closing at the immediate resistance of MYR2.26 last week.
RHB Retail Research in a note on May 31 said, if a breakout happens above that mark, the counter will trend higher towards the 52-week high of MYR2.58, followed by MYR3 level.
3 days ago
Friends & Gentleman can Kobay the comeback King go RM3 in this Bullish market?
pang72
Another great rebound stock is KOBAY after bro James heavy selling..
Let's go $3
3 days ago
No worries, If you don't succeed this time can alway try for Breakout again? Viva de la Kobay!
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! Accumulate on any weakness and we wait for the Breakout to the next wave of buy by market & Foreign Funds such as Dimensional Fund etc.
https://theedgemalaysia.com/node/713761
2 days ago
Foreign investment in the semiconductor industry increases, and Penang’s technology and construction industry is booming
Nanyang Sun, Jun 16, 2024 09:45pm
Kobay is one of the beneficiary under engineering support.
https://www.enanyang.my/node/609320
32 minutes ago
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Apps
Top Articles
1
Stock Market Enthusiast
MASTEEL - The Steel Stock Primed for Data Center Growth (KingKKK)
2
Grand Mustah Trading Journey
BDB (6173) Kedah’s super star for the next data center hub in Malaysia
3
4
BFM Podcast
5
BFM Podcast
6
BFM Podcast
8
Good Articles to Share
Elon Musk says he has all the support he needs to move Tesla to Texas
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
opportunist88
seems getting cheaperer
1 week ago