Highlights
KLSE: FRONTKN (0128)       FRONTKEN CORP BHD MAIN : Technology
Last Price Today's Change   Day's Range   Trading Volume
5.32   +0.09 (1.72%)  5.21 - 5.33  2,031,000
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Overview

Market Cap: 5,604 Million
NOSH: 1,053 Million
Avg Volume (4 weeks):3,718,025
4 Weeks Range:4.75 - 5.39
4 Weeks Price Volatility (%):
89.06%
52 Weeks Range:2.03 - 5.95
52 Weeks Price Volatility (%):
83.93%
Average Price Target: 4.93
Price Target Upside/Downside: -0.39
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2020 [#4]  |  24-Feb-2021
Next QR | Est. Ann. Date: 31-Mar-2021  |  12-May-2021
T4Q P/E | EY: 68.37  |  1.46%
T4Q DY | Payout %: 0.75%  |  51.14%
T4Q NAPS | P/NAPS: 0.4178  |  12.73
T4Q NP Margin | ROE: 23.98%  |  18.62%

Headlines

Date Subject
07-Apr-2021 Mplus Market Pulse - 7 Apr 2021
07-Apr-2021 PublicInvest Research Headlines - 7 Apr 2021
24-Feb-2021 Frontken Corp Berhad - FY20: Record Profit With Bonus Issue
24-Feb-2021 Mplus Market Pulse - 24 Feb 2021
24-Feb-2021 PublicInvest Research Headlines - 24 Feb 2021
24-Feb-2021 Frontken Corporation - Great Results Along With Rewards
24-Feb-2021 上升股:前研科技 阻力RM5.77
13-Jan-2021 Technology - Supercharged
08-Dec-2020 Trading Stocks - Frontken
26-Nov-2020 Stocks on Radar - Frontken Corporation (0128)
04-Nov-2020 【行家论股/视频】前研科技 台湾业务撑业绩
04-Nov-2020 Frontken Corp Berhad - 3QFY20: Dragged by O&G
04-Nov-2020 PublicInvest Research Headlines - 4 Nov 2020
04-Nov-2020 Mplus Market Pulse - All eyes on US election
04-Nov-2020 Frontken Corporation - Back-to-back Record Breaking Quarter
02-Nov-2020 Trading Stocks - Frontken
02-Nov-2020 Traders Brief- Key Support at 200D SMA to Prevent Further Slide
30-Oct-2020 Traders Brief 30 Oct 2020 - Choppy Trend Ahead of the US Election (3 Nov), Budget 2021 (6 Nov) and Nov Reporting Season
27-Oct-2020 Traders Brief 27 Oct 2020 - Volatility Ahead Amid Internal and External Headwinds
27-Oct-2020 Frontken Corporation - From Strength to Strength

Business 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.
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  49 people like this.
 
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
Targeted TSM:NYSE will fly tonite......
05/04/2021 5:04 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
nakata Thanks for enlightenment, Newbie8080
07/04/2021 12:55 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
morivae TSMC Q.Sales rise 17%.....
09/04/2021 3:33 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
fujito Egm today right ?
13/04/2021 9:10 AM
nm1902 Yes, going to RM 6....hold tight
13/04/2021 9:17 AM
kk7198 Needs to break 5.38, failed a few times.
13/04/2021 9:21 AM
newbie2y yes @fujito, 10:30am later at Eastin..
13/04/2021 9:52 AM
TradeMeSideways What's the news from EGM?
13/04/2021 11:09 AM
Joyce126 Yes. 600 before ex ?
13/04/2021 11:51 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
ali baba BI and WI will proceed. Yippie!
13/04/2021 2:24 PM
ConfortZone the price of warrant?
13/04/2021 2:45 PM
13/04/2021 2:46 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
LM7081 Usually bonus issue advise to sell off the share?
13/04/2021 8:27 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
Oliver Ooi the train about departure, hop on before too late...
14/04/2021 2:14 PM
Jack888 Good premium stocks give bonus shares.
14/04/2021 3:13 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 Matter of time before next up-thrust........not far off....
18/04/2021 12:16 AM
Targeted Its all about anticipation........
18/04/2021 12:17 AM
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


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