Dear all,

This is a short writeup, as I saw that currently TECH companies are in trend

I saw this company, YGL CONVERGENCE BERHAD (YGL, ACE Market, Code 0086). Currently, trading at 13.5 / 14 cents. I believe the worst is over for this company.

Recently reported first quarter profit of RM 413K on the back of RM 1.7 million revenue. Previously, it had reported 5 consecutive quarter of losses. 

Also if we refer on the prospects section of the latest QR, a few important things to be noted:

i. YGL CEO, Mr Yeap Kong Chean, appointed by Malaysia-China Business Council as Head of Industrial Revolution 4.0 Committee (IR4.0 Committee)

ii. 24th July 2019, YGL received Letter of Intent from SME Corporation Malaysia, on collaboration to support educating entrepreneurs on the importance of Industry 4.0 technology

iii. 26th July 2019, YGL received Letter of Award from Negetri Sembilan Skills Development Centre (NDDSC) - for collaboration where YGL will bring IR4.0 solutions to small and medium sized enterprises (SMEs)

iv. YGL listed as local service provider on MIDA's website