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Overview
Financial Highlight
HeadlinesBusiness Background Frontken Corp Bhd is Malaysia-based investment holding firm. The company with its subsidiaries are engaged in provides surface and mechanical engineering solutions, serving a wide-range of heavy industries such as Oil and Gas, Power Generation, Semiconductors, and Marine industry. It also provides various specialized engineering services, such as thermal spray coating, cold build up coating, plating and conversion coating, specialized welding, precision cleaning, abrasive blasting, machining and grinding. In addition, the company provides surface treatment and precision cleaning for the thin film transistor-liquid crystal display and semiconductor industries. Most of its revenue comes from Singapore market, while it also has a presence in Malaysia, Taiwan, and other countries.
  Penguin88 Dont just simply throw out TP without any analysis or justifications. Dont affect others new investor to buy just bcz you are holding it and want the price higher. Most of tech stock price is already in next 2 year level. You still expecting it to go higher now bcz TSMC is expanding? Expansion will only be materialised in next 3 year and you now want the price reflect next 3 years price so that you can sell and run away? This action is most ppl wanted to have now. So be aware and look at the risk and reward for this counter at current price. 05/04/2021 12:52 PM ali baba Catalysts for higher revenue & profit from the business with TSMC 1. More 7nm and 5nm wafers production. These are the crazy high margin wafer from TSMC and also more demanding maintenance tasks which Frontken supports. Hence, should be able to garner higher profit margin too. TSMC production is running > 100% capacity. 2. Expansions of new foundry from TSMC in Arizona. USD 3.5billion was announced. Definitely need maintenance team to support the foundry too. Opportunity from Frontken to go to Arizona. 5nm Foundry Production start from 2024. 3. TSMC capex of USD 100bil in 3 years. Very little information about the USD 100bil. I think they are talking about 2022, 2023 and 2024. Some will go into capacity expansion and some R&D. Either way, they will need maintenance too. Do you think Frontken stand a chance? Shares are always forward looking. Dont you think so? High semiconductor demands from Automotive, Data Centers, Crypto on top of the consumer electronics like smartphones + 5G chips + HPC. These demands are squeezing the semiconductor capacity now. By the way, Intel and Samsung also announced huge Capex for coming years spending. It shows that the demands are strong to justify new expansions. Of course R&D will be part of it for smaller nm technologies. 05/04/2021 1:38 PM Penguin88 Yes share are forward looking. So can you tell the forward PE for this year, next year and next 3 year? You can even calculate the PEG from now till next 3 year to justify. If you are able to calculate it and justify it's a good buy, then I will totally agree with you. 05/04/2021 2:15 PM Sogbashen Well I have my own judgement on the stock.. u may have urs too... with my homework and judgement I believe the future is bright for This counter... if you think it won’t then you can just buy another counter . It’s simple :) Just do ur own homework and analysis then you will be confident 05/04/2021 3:35 PM Penguin88 Yes future is bright but current price is most likely alrdy ahead of future earnings significantly. This is valuation. Dont invest just based on a sentence "Future is bright". Else you will not sustain in investment. Learn more in valuation. 05/04/2021 3:58 PM Sogbashen U can focus on your own strategy as long as you are winning money. So far I am earning with my own strategy. 05/04/2021 4:12 PM Penguin88 Frontken alrdy operate at it's full capacity. TSMC can only allocate more job to Fronkent when TSMC got more machine. But the expansion will only completed in next 2 to 3 years. So pls think of this and be realistic in your investment. 05/04/2021 10:15 PM  Targeted . @Penguin88 Frontken alrdy operate at it's full capacity. TSMC can only allocate more job to Fronkent when TSMC got more machine. But the expansion will only completed in next 2 to 3 years. So pls think of this and be realistic in your investment. >>>>>>>>>>>> Yes yes, u got it! Market is forward looking....... Remember what happen to glove..... Yes this is opposite..... so u should know what to do.... 06/04/2021 6:05 AM ali baba https://www.channelnewsasia.com/news/business/us-auto-industry-calls-for-government-help-as-it-warns-of-impact-of-chip-shortage-14565284#cxrecs_s 06/04/2021 1:31 PM Oliver Ooi today short sell volume are high, I guess many intraday trader not dare to come in until the EGM held. 06/04/2021 6:36 PM newbie2y good.timely acquisition of buildings for expansion- https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3145849 06/04/2021 9:23 PM ali baba https://www.google.com.tw/maps/dir/No.+6-2,+Luke+3rd+Road,+Luzhu+District,+Kaohsiung+City,+Taiwan+821/745,+Taiwan,+Tainan+City,+Anding+District,+Beiyuan+2nd+Road,+8%E8%99%9F%E5%8F%B0%E7%A9%8D%E9%9B%BBF18/@22.9750176,120.1343809,50753m/data=!3m2!1e3!4b1!4m14!4m13!1m5!1m1!1s0x346e0c7cf114a85f:0x48121f8295e674bd!2m2!1d120.2604112!2d22.8355727!1m5!1m1!1s0x346e7b4ce03ba26f:0xae66b59a3395bf2!2m2!1d120.264487!2d23.1163423!3e0 Just 30mins drive to Fab18. And guess what is Fab18? Go google them. 06/04/2021 9:57 PM Targeted . https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3145849 The announcement details under 'Basis and justification' and 'Rational and benefits' is consistant with and confirms my understanding of Frontkn's niche precision cleaning services focused on high end nodes (5nm-which Frontkn is ready for), by TSMC fr Apple, resulting in high margins..... 07/04/2021 8:07 AM GooShen Tsmc glory day is numbered Intel is back, biden will do whatever it takes to put USA back to its leadership position 07/04/2021 8:30 AM newbie8080 Intel market share is dominants toward PC,laptop and data centre. No doubt about that. TSMC market share is towards smart phone, tablet, EV, gaming console,IOT and data centre. Besides that, TSMC manufacture chips for Intel as well. 07/04/2021 9:37 AM nakata Just wonder if the biz so good, why mh gopower want to sell it off, can someone enlightenment me ? 07/04/2021 10:33 AM nakata quick search on this company, and found this https://www.emis.com/php/company-profile/TW/MH_GoPower_Co_Ltd__%E7%BE%8E%E7%8E%AF%E8%83%BD__zh_3752300.html 07/04/2021 10:49 AM newbie8080 @Nakata AGTC is buying the property for capacity expansion and partially due to green tech which the vendor is Refer to point #2.2 and #4 https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=113510&name=EA_GA_ATTACHMENTS 07/04/2021 12:13 PM Targeted @GooShen Tsmc glory day is numbered Intel is back, biden will do whatever it takes to put USA back to its leadership position >>>>>>>> Hehehehe.......... Semiconductor is toughest of all tech.......... intel can even do 1 generation well, delay delay until 4 years...... Left far behind .....cant even catch up with AMD..... Until last year still using upgraded old model 14nm...... 07/04/2021 12:31 PM fujito Hi sifus how much will mother share price on ex date ? There will be any price adjustment? 08/04/2021 12:32 PM ali baba https://www.digitimes.com/news/a20210407VL200.html - TSMC to kick off production for new iPhone chips ahead of schedule (A15 by end May 2021 for iPhone 13) - TSMC lands rush 5G chip orders from Qualcomm 08/04/2021 4:29 PM newbie8080 On the surface, Intel’s strategic pivot comes at an ideal moment. The iconic company has fallen behind in recent years, as my Bloomberg News colleagues outlined in a Businessweek feature out Wednesday. And chip shortages are disrupting production in sectors across the economy, from autos to consumer electronics. But despite its bold vision, Intel is set to face challenges to its grand turnaround plan that will prove extremely difficult to overcome. https://www.bloomberg.com/opinion/articles/2021-04-07/intel-s-plan-to-take-on-tsmc-and-win-big-in-chips-has-big-risks 08/04/2021 6:19 PM newbie8080 April 15, 2021 (Thu) TSMC 1Q21 Results - Earnings Conference and Conference Call https://investor.tsmc.com/english/financial-calendar 09/04/2021 7:06 PM Targeted Semi tech. industry, unlike gloves, is the toughest industry. Virtually impossible fr new players to catch up, while leader is exponentially extendiing lead. Its a moat like no other... 10/04/2021 1:25 AM Oliver Ooi I attended, nothing much and just following the resolutions only. and then the EGM was done. btw the 2 resolution were passed 13/04/2021 12:49 PM  SHAH NURSYAHMIAIMAN NOOR JALAINI https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3147500 13/04/2021 1:06 PM newbie8080 Based on the earlier announcement, it's free warrant. No price. But it will start trading and limit up till supply and demand normalise. https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=206566&name=EA_DS_ATTACHMENTS 13/04/2021 3:08 PM newbie2y now patiently waits for the dates and details of the warrants and bonuses :) 13/04/2021 9:20 PM investortrader88 Entitlement News (202104143200041) Company Name FRONTKEN CORPORATION BHD Stock Code / Short Name 0128 / FRONTKN Date & Time Announce 14/04/2021 12:44:00 AM Subject Bonus Issue Content Stock Par Value : 0.00 Description : Date Entitlement Announcement Date : 14/04/2021 Ent. in % : 0.000% EX-Date : 27/04/2021 Ent. in Sen : 0.000 To SCANS Date : No Date Stated Ent. Numerator : 1.000 Entitlement Date : 28/04/2021 Ent. Denumerator : 2.000 Entitlement Time : 05:00:00 PM Payment Date : Ent. Type : BI Ent. Indicator : Cum Ent. Remarks Bonus issue of up to 526,717,565 free warrants in Frontken Corporation Berhad ('Frontken') ('Warrant(s)') on the basis of 1 Warrant for every 2 existing ordinary shares held in Frontken held at 5.00 p.m. on 28 April 2021 ('Entitlement Date') Book Closure Share transfer book & register of members closure Start Date : No Date Stated End Date : No Date Stated Period of Interest Payment from : No Date Stated Period of Interest Payment to : No Date Stated Share Deposited into Depositor's Securities Account before Date (exempted from mandatory deposit) : No Date Stated Share Deposited into Depositor's Securities Account before Time (exempted from mandatory deposit) : Year Ending/Period Ending / Ended : 31/12/2021 Shares Transfer Before Date : 28/04/2021 Shares Transfer Before Time : 04:30:00 PM Rights Issue Price : 0.000 Registrar's Particulars TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD,Unit 32-01, Level 32, Tower A,,Vertical Business Suite, Avenue 3, Bangsar South,,No. 8, Jalan Kerinchi,59200,Kuala Lumpur,Wilayah Persekutuan,MalaysiaTel:0327839299Fax:0327839222 Remarks The Warrants will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ('Bursa Securities') within two (2) market days after the submission of the application for the quotation of the Warrants to Bursa Securities.The notices of allotment will be issued and dispatched to all entitled shareholders of Frontken within four (4) market days from the Entitlement Date.This announcement is dated 14 April 2021. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com free website hit counter 14/04/2021 12:54 PM SHAH NURSYAHMIAIMAN NOOR JALAINI Ex date for bonus shares and free warrant is 27 april 2021 14/04/2021 1:07 PM vpn388 Info sharing and questions on latest BI and warrants: Info: SKPRES Bonus Issue 1:4, warrant 1:5, both ex dates 21Apr RL Reservoir Link warrant 1:4 ex 23/4 KAB warrant 1:2 ex Apr 26 FRONTKN 1:2 Bonus Issue, 1:2 warr, both ex dates 27Apr Q: 1. How to calculate the returns possible gain 2. How to compare to find counters with highest return? Thanks 14/04/2021 3:46 PM ali baba https://finance.yahoo.com/news/tsmc-profit-beats-chip-shortage-053347899.html "TSMC now expects investments of about $30 billion on capacity expansions and upgrades this year, after spending $8.8 billion in the first three months, Chief Financial Officer Wendell Huang said. The company had previously forecast spending of as much as $28 billion." 15/04/2021 3:13 PM Targeted Will see action after CW-CQ expires on 27th April............RHB supressing and mopping up while they still can....... 18/04/2021 12:36 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
