Highlights
KLSE: FRONTKN (0128)       FRONTKEN CORP BHD MAIN : Technology
Last Price Today's Change   Day's Range   Trading Volume
1.34   +0.01 (0.75%)  1.30 - 1.35  5,083,900
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Insider - Substantial Shareholder

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Ann. Date Name Details of Changes Securities After Change View
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
08-Aug-2018 DBAG FUND VI KONZERN (GUERNSEY) L.P. 08-Aug-2018 Notice of Person Ceasing 290,991,473 0.000 0.00 0.00 0.00 View Detail
08-Aug-2018 DBAG FUND VI (GUERNSEY) L.P. 08-Aug-2018 Notice of Person Ceasing 290,991,473 0.000 0.00 0.00 0.00 View Detail
08-Aug-2018 SERVICE INVESTMENT S.A.R.L 08-Aug-2018 Notice of Person Ceasing 290,991,473 0.000 0.00 0.00 0.00 View Detail
08-Aug-2018 SERVICE HOLDING S.A.R.L 08-Aug-2018 Notice of Person Ceasing 290,991,473 0.000 0.00 0.00 0.00 View Detail
08-Aug-2018 CP ASIA HOLDING GMBH 08-Aug-2018 Notice of Person Ceasing 290,991,473 0.000 0.00 0.00 0.00 View Detail
08-Aug-2018 DEUTSCHE BETEILIGUNGS AG 08-Aug-2018 Notice of Person Ceasing 290,991,473 0.000 0.00 0.00 0.00 View Detail
08-Aug-2018 CLEANPART GROUP GMBH 08-Aug-2018 Notice of Person Ceasing 290,991,473 0.000 0.00 0.00 0.00 View Detail
08-Aug-2018 DBG FUND VI GP (GUERNSEY) LP 08-Aug-2018 Notice of Person Ceasing 290,991,473 0.000 0.00 0.00 0.00 View Detail
14-Nov-2016 DR JORG HELMUT HOHNLOSER 10-Nov-2016 Notice of Person Ceasing 0 0.000 0.00 0.00 0.00 View Detail
24-Jun-2015 DR JORG HELMUT HOHNLOSER 23-Jun-2015 Notice of Person Ceasing 290,991,473 0.000 0.00 0.00 0.00 View Detail
27-May-2014 LEMBAGA TABUNG HAJI 26-May-2014 Notice of Person Ceasing 1,600,000 0.000 0.00 0.00 0.00 View Detail
13-Jan-2012 WONG HUA CHOON 13-Jan-2012 Notice of Person Ceasing 59,503,873 0.120 0.00 0.00 0.00 View Detail
12-Mar-2010 YEO LAY POH 11-Mar-2010 Notice of Person Ceasing 0 0.000 0.00 0.00 0.00 View Detail
24-Jul-2009 DATO' IBRAHIM BIN MAHMUD 22-Jul-2009 Notice of Person Ceasing 4,124,000 0.000 0.00 0.00 0.00 View Detail
24-Jul-2009 ZULKIFLI BIN ALI 22-Jul-2009 Notice of Person Ceasing 4,124,000 0.000 0.00 0.00 0.00 View Detail
24-Jul-2009 QUANTUM SPIRE SDN BHD 22-Jul-2009 Notice of Person Ceasing 4,124,000 0.000 0.00 0.00 0.00 View Detail
07-Dec-2006 PRIVILEGE BARGAIN SDN BHD 30-Nov-2006 Notice of Person Ceasing 12,288,000 0.000 0.00 0.00 0.00 View Detail
07-Dec-2006 NAGENDRAN A/L C. NADARAJAH 30-Nov-2006 Notice of Person Ceasing 12,288,000 0.000 0.00 0.00 0.00 View Detail
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  47 people like this.
 
kelvin abn10, you got read all what newbie said ? hahahahahaha
30/05/2019 8:24 AM
WhiteWolf Anyone there at the AGM today? Can share later what was said? TQ
30/05/2019 11:15 AM
kelvin see the share price can know good or bad ... lol. now green means no bad news
30/05/2019 11:41 AM
ruby20 10 key takeaways from Frontken AGM.

Must read if you own / plan to own the shares.

https://www.facebook.com/100027392079319/posts/308066596783074?s=509787555&sfns=mo
30/05/2019 4:47 PM
ruby20 From trade war / tech war to cash usage to competitive advantage to 2019 outlook.
30/05/2019 4:47 PM
csliew007 The AGM went straight to the Q&A session. Will bundle them in 10 specific points. Please note that this is a sharing from my own perspective, there might be error on my part.

1. Trade War
Few shareholders asked about tradewar, techwar, delay in the rollout of 5G - they're concerned about the fact that around half of Frontken customer are Taiwan based companies, and that recently there's a downturn in semiconductor companies in Taiwan as well as globally.

CEO answered that so far, they havent seen any impact from trade war just yet, but the future is uncertain. He mentions that Frontken is well diversified with 100 customers, and that their customers are still getting orders from giants such as AMD, Nvidia, IBM. He also doesnt think that this trade / tech war effects long term and is confident that Frontken have a very promising outlook.

2. Cyclical trend
CEO mentions that Frontken is dependant on customer cycle and that their clients tend to have stronger 2nd half which peaks in Q4 as normally new tech products are designed and start manufacturing then. In 2019, 1st half of the year is abit slow from their client. When asked if he sees a stronger cycle this year as compared to last year, He stressed that Frontken is at the FAB level and they haven't seen any slowdown in production.

3. Competitive Advantage
From the Q&A, there's a clear emphasis that Frontken have an edge over their innovation and technology over their peers, and this is down to their R&D team. Next year, Frontken is ready to handle 5nm production, and going to start that commercially in 2020. They're also doing R&D for cleaning for 3nm chips but that's not until 2021 at the earliest. He also emphasize that the market is big enough and is not worried about competition. Lastly there's competitive advantage in their economies of scale, in the sense that they're becoming more efficient and effective from their production than ever before

4. China
When asked about expanding to China, CEO mentions that there's already an indirect exposure to that country via their clients from Taiwan but there's very few direct clients from China. He also mentions that they believe they're superior cleaner than peers in china and that it's a concious decision not to be in China. Geographically it's a challenge to be in China and delivering there. It's a volume game and since their focus is to make money, they might not set up base in China

5. Oil & Gas
Frontken is bullish on the developments in oil & gas sector and its contribution to bottom line. It expects oil and gas industry to contribute about 25% to total revenue in 2019. It highlights that business done in this sector is starting to profit. It was loss making in 2017 but in q1 2019 alone, profit made from this segment make the whole entire profit in 2018.

6. Cash
Frontken has alot of cash and they're consistently on the lookout for M&A to expand tech base. CEO mentions that he's very picky on M&A. Furthermore, he stresses that Frontken been paying out dividend increasingly. There's also no plan to spend big on capex

7. Secret Sauce
Shareholder harry teo asked how issit that they can grow revenue by 20% but only grow cost by 1% - CEO's says he cannot share the answer, indicating there's a "secret sauce" but mentions that costs is contained as there's more efficient processes which yields same result.

8. Focus
This was quite hilarious. When asked what's the goal and focus area in 2019, CEO answers "to make more money"

9. My personal query - earnings growth and Average Selling Price
I asked that the market currently is re-rating the valuation higher for Frontken (trading at 20x PE) and that is relatively high vs peers (TW peers trading around 10-15x) and historically high. With this, there comes a certain expectation - strong ROE, strong competitive advantage and continuous profit growth. My question was that the market & analysts are now expecting about 20-30% growth in earnings - can they deliver that and also whats their negotiation power over their ASP to their end client.

CEO semi-jokingly answers that they are "peerless". He also mentions that as their base number grow in time to come, it might be difficult to hit 20% profit growth - but mentions that 20% is a realistic target and is even aiming higher. However, there're some uncertainties in global market that will be out of his control for this year.

On Average selling price, Frontken is at a business that ASP will always tend to go down - but there's always a pricing roadmap with each client - which is based on volume and stability of process - to sustain earnings.

10. Dymon Asia
A partner from Dymon Asia (hedge fund from Singapore) was in attendance and he's pleased with the performance of Frontken.
30/05/2019 8:51 PM
abn10 Point no. 2. What does it mean at FAB level?
31/05/2019 4:03 AM
abn10 Btw thanks for sharing. May i know, are we invited to the AGM?
31/05/2019 4:04 AM
Veron_teo lol.. if you go attend 10 agm all also will answer you positively.
31/05/2019 5:28 AM
abn10 Thats right veron. So lets all go to veron house to hear negative
31/05/2019 9:56 AM
Veron_teo you see point number 8.
31/05/2019 11:13 AM
acbks technical view on frontkn

https://www.facebook.com/stockbitmalaysia/posts/2210225639061348
31/05/2019 3:47 PM
ruby20 up and up counter
31/05/2019 3:49 PM
upsidedown119 Uptrend again?
01/06/2019 4:49 PM
Veron_teo yes tp 19
02/06/2019 3:47 PM
4444 Nasdaq down 1.51%.
03/06/2019 3:09 AM
upsidedown119 Nasdaq affected by trade war. US chip counters badly affected as China is by far the world's biggest consumer. But Asian chip counters rose. SCIMP went way up. Frontkn to benefit.

Friday's last minute sell-down was due to oil price down. Frontkn has some exposure to O&G sector but not core business.

Asian chip counters are expected to rise.
03/06/2019 9:29 AM
hero_zilong * 。 • ˚ ˚ ˛ ˚ ˛ •
• ˚Selamat★* 。 • ˚ ˚ ˛ ˚ ˛ •
•。★Hari Raya!★ 。* • ˚。
° 。 ° ˛˚˛ * _Π_____*。*˚
˚ ˛ •˛•˚ * /_______/\。˚ ˚ ˛
˚ ˛ •˛• ˚ | 田田 |門 | ˚
SELAMAT HARI RAYA AIDILFITRI
MAAF ZAHIR DAN BATIN…
04/06/2019 10:14 AM
hero_zilong Jika jiwa sebening air,
maka jangan keruhkan.
Jika hati seputih awan,
jangan mendungkan.
Raih kemenangan dengan saling bermaafan.
Selamat Hari Raya Idul Fitri.
04/06/2019 10:22 AM
hero_zilong “”!J+!J 7!p!e eheJ !JeH fewe7aS
“”u!feq dan J!He7 dvvw uOHOw
*Terbalikkan dulu HPnya kalau mau baca :)
04/06/2019 10:22 AM
upsidedown119 The chart confirms downtrend. Not sure where the bottom is. Stay tuned.
04/06/2019 1:59 PM
upsidedown119 Friday sell-down beginning?
07/06/2019 11:48 AM
kelvin volume shrink a lot. sharks abandon ship already. officialy GG
07/06/2019 11:48 AM
Veron_teo lol. you all still here dreaming? agm is over. every thing is over.
07/06/2019 4:37 PM
PresidentRotiCanai Now frontkn is resting, will boom soon
07/06/2019 11:43 PM
lai81533 Mati Lia0
08/06/2019 9:03 AM
lai81533 202,221
206,280
209,672
212,259
214,038
215,035
215,166
214,565
213,376
211,723
209,533
206,967
203,871
200,164
195,826
190,864
185,224
08/06/2019 9:04 AM
Veron_teo warn you all d don't want listen. lol.. next week 1.0
08/06/2019 12:22 PM
NewbieTradingChannel https://klse.i3investor.com/blogs/newbietradingchannel/210036.jsp
09/06/2019 1:34 PM
kelvin Lol what kind of analysis is that.
09/06/2019 1:53 PM
TCapitalGroup https://m.facebook.com/story.php?story_fbid=1267801650065207&id=1000453963466645
10/06/2019 1:31 AM
freddiehero sini boleh jagi mirc2 lol
10/06/2019 9:04 AM
kelvin tcapitalgroup really laugh die me tns ...
10/06/2019 9:19 PM
erichee Tx to Trade war, Tx to Trump
11/06/2019 9:52 AM
Zachs Is time for a rebound... gogogo
12/06/2019 9:47 AM
Veron_teo broad com sink 8% after market close this morning sinking all chipset stock world wide. will be heading to 1.2x again
14/06/2019 5:45 PM
abn10 U are wrong veron. Tomorrow down to 1.0. lol
15/06/2019 1:22 PM
Dickyyou Yes. Delisting soon. Run.
18/06/2019 12:01 PM
Veron_teo runnnnnnnnnnnnnnn
18/06/2019 1:09 PM
abn10 Run to 0.001 ?
18/06/2019 3:48 PM
Veron_teo close shop with huawei
18/06/2019 5:38 PM
Veron_teo sell all frontkn and buy greatec
18/06/2019 9:02 PM
abn10 Yu and mee..i am making fun of veron.lol
19/06/2019 9:35 AM
abn10 Come on lah
19/06/2019 9:36 AM
fukalex useless management ?
19/06/2019 4:55 PM
abn10 G20 summit by the end of this june and the next QR should be significant to gauge how bad tech market is for the long run.
19/06/2019 8:22 PM
abn10 lololol xD
20/06/2019 9:33 AM
Veron_teo gg. swap to greatec
20/06/2019 12:57 PM
fukalex Useless management??
20/06/2019 2:32 PM
Zachs Tough...
20/06/2019 3:10 PM


 

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