Icon8888 Gossips About Stocks
(Icon) Frontken Corp - Semiconductor Division Doing Well
Executive Summary
(a) Provides surface metamorphosis (meaning treatment of objects surface by specialised technology) and mechanical engineering services.
(b) Used to be loss making and mis-managed. The emergence of new major shareholder (Dr Jorg Helmut Hohnloser) from Germany helped cleaned up and turned the company around.
(c) It owns 57.9% equity interest in Ares Green Technology Corp which is listed on Taiwan Stock Exchange and provides cleaning services to electronic / semiconductor manufacturers. Ares Green Tech has performed well in recent months and is expected to boast the group's overall results.
(d) With the bulk of its sales from overseas operation, the group is a beneficiary of weak Ringgit.
Frontken Corp Bhd (FRCB) Snapshot
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Open
0.17
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Previous Close
0.17
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|
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Day High
0.18
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Day Low
0.17
|
|
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52 Week High
08/13/14 - 0.20
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52 Week Low
03/3/14 - 0.09
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Market Cap
171.1M
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Average Volume 10 Days
8.5M
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|
|
EPS TTM
0.0091
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Shares Outstanding
1.0B
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|
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EX-Date
06/9/11
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P/E TM
18.7x
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Dividend
--
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Dividend Yield
--
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Frontken Corporation Berhad provides surface metamorphosis and mechanical engineering services.
The company offers industrial equipment services consisting of upgrade and maintenance services on stationary/rotating equipment and its components.
It also provides various specialized engineering services, such as thermal spray coating, cold build up coating, plating and conversion coating, specialized welding, etc.
In addition, the company provides surface treatment and precision cleaning for the thin film transistor-liquid crystal display and semiconductor industries.
It serves oil and gas, petrochemical, power generation, semiconductor, aerospace, marine, electronics manufacturing, steel, cement, wood processing, etc.
It operates in Malaysia, Singapore, the Philippines, Taiwan, China, and Indonesia.
Strong balance sheets. Based on net assets of RM197 mil, cash of RM47 mil and loans of RM38 mil, the group is in net cash position.
The group reported EPS of 0.52 sen in latest quarter. If annualised, full year EPS would be 2.08 sen. Based on existing share price of 17 sen, prospective PER is 8.2 times.
(Of course, if based on 12 months cumulative EPS of 0.9 sen, historical PER would be 19 times)
Quarter Result:
| F.Y. | Quarter | Revenue ('000) | Profit before Tax ('000) | Profit Attb. to SH ('000) | EPS (Cent) | DPS (Cent) | NAPS |
|---|---|---|---|---|---|---|---|
| 2014-12-31 | 2014-09-30 | 83,554 | 8,816 | 5,258 | 0.52 | - | 0.2300 |
| 2014-12-31 | 2014-06-30 | 73,037 | 3,437 | 1,778 | 0.18 | - | 0.2200 |
| 2014-12-31 | 2014-03-31 | 48,202 | 5,971 | 4,582 | 0.45 | - | 0.2200 |
| 2013-12-31 | 2013-12-31 | 54,401 | 2,519 | -2,447 | - | - | 0.2100 |
| 2013-12-31 | 2013-09-30 | 50,539 | 2,355 | 1,566 | 0.16 | - | 0.2200 |
| 2013-12-31 | 2013-06-30 | 42,291 | 366 | -455 | - | - | 0.2100 |
| 2013-12-31 | 2013-03-31 | 43,380 | 671 | -984 | - | - | 0.2100 |
Malaysia and Taiwan operation are key earnings contributors :-
According to Taiwan listed Ares Green Technology Corp's recent announcement to stock exchange, its sales increased substantially in the months of October, November and December 2014 :-
(credit given to i3 member cpng for highlighting this piece of information)
Ares Green Technology's share price has almost doubled over past twelve months due to better financial performance :-
Appendix 1 - Frontken's principal business activities
Appendix 2 - Ares Green Technology Corp's principal business activities (a 57.92% owned subsidiary listed on Taiwan Stock Exchange)
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Discussions
4 people like this. Showing 28 of 28 comments
bro icon8888: aku nak request lagu boleh tak...
tolong buat lagu untuk esceram, pworth , glotec and cme..
kikikikiki
2015-02-17 20:44
sarifahselinder dari ko asyik meroyan kat icon8888 .. aku yg amat merinduimu ko tak nak service aku ka? aku masih gagah perkasa. kikikiki
2015-02-17 20:49
ayamtua, be careful what u wish for. When I write about a stock, the story might not necessarily have positive conclusion. I might discover something negative (I already discovered something in one of your stocks, but not 100% sure)
2015-02-17 20:49
tak apa. cerita ja. aku pun open pinya.
good or bad sudah jadi asam garam
main saham mah..
no hal broo..
Icon8888
4033 posts
Posted by Icon8888 > Feb 17, 2015 08:49 PM | Report Abuse
ayamtua, be careful what u wish for. When I write about a stock, the story might not necessarily have positive conclusion. I might discover something negative (I already discovered something in one of your stocks, but not 100% sure)
2015-02-17 20:52
any stock negative or positive is normal bro.. stock
like human too nothing perfect... share share lah
2015-02-17 20:54
ok no need beating around the bush.
According to ES Ceramic IPO prospectus, 50% of its raw material imported. As US dollar strengthened, they might need to spend more ? I have ES Ceramic too. So I am not trying to bad mouth your stock
(on the other hand, 50% of their sale from Thailand / overseas (receive USD ?). Is that sufficient to offset the higher cost arising from strong USD ?)
that could be the reason why ES Ceramic share price so soft
2015-02-17 21:00
abang icon8888 yang handsome.. ohh thanks
to add to the point, talking specifically about "strong usd" ...
i think "strong usd" is bit subjective. yes, im a kaki forex too..
in some part, yes .. USD is strong but not all..its all depends ..
to based something on curent currency performance .. though it can factor
in something but doesnt really defined it .. my humble view lah bro..
me just finish form five nia...
ok .. how about cme, glotec and pworth? cerciter.. cerciter.. kiikiikiii
2015-02-17 21:12
Glotec a billion shares
They have a hydropower business pending completion
So far most of the assets they are still nurturing. Might take sometime to deliver value ?
2015-02-17 21:20
seripah .. al kisah strong usd ni macam main atas tilam.
depends lah atas tilam, sebelah tilam atau main bawah tilam.
bawah tilam kuat. tak semestinya atas tilam kuat kan?
usd memang strong tapi sebagai kaki forex, gua rasa ini agak superficial.
why? when usd too strong.. it poised problems too to any other currencies..
and including itself! hence there are always measures by fomca, boj etc to keep
easing things otherwise then whole world masuk longkang terbabas dari atas tilam
..
pasai wang usd tu asyik kena print jer.. debt papers ..
imagine lah bela musang berbulu ayam.. nanti lori
terbabas kikikiki
sarifahselinder
98 posts
Posted by sarifahselinder > Feb 17, 2015 02:37 PM | Report Abuse
I con Tolong make up ur mind la
Wil oil price recover so u buy Barakah dan RM storng again or USD terus strong?? Tolong sikit u r confusing now
2015-02-17 21:22
agreed. betul bang ...
billion shares or no billion shares ..
what matters values..
values over time..
ya gua setuju..
lagi? cme .. and pworth bang....
thanks in advance.....
Posted by Icon8888 > Feb 17, 2015 09:20 PM | Report Abuse
Glotec a billion shares
They have a hydropower business pending completion
So far most of the assets they are still nurturing. Might take sometime to deliver value ?
2015-02-17 21:26
ok ..try baca sikit lah...
aku nak request lagu ni bang..
lagu cme, pworth, esceram and glotec
not now la when free ka..
at least seronok baca bang ....
when boring..
thanks bro........ jangan kecewa peminat .. hihihihi
2015-02-17 21:32
No Lah, not Calvin. You know why this stock move today? Some big pipe coming mah
2015-02-23 19:54
Really kah ? I bought few lots only. Hopefully can make some money to buy KFC
2015-02-23 19:57
O... really? really?
Then we mah on on something big lo
Buy for KFC or can buy big... just changed my car tyres before CNY.. costing 4000+ o.. looking for sponsor ler
2015-02-24 08:08
Aiyo... why you say that??
My market price just dropped a tad o..
r°Moi wearing a Korean hairstyle and demure like a Korean girl ler
2015-02-24 10:00
Anyway.. I have decided this is just going in for a quicky.. not betting big ler
2015-02-24 10:02
This group is like providing maintenance services... may not be recurring .. surge in revenue may not sustain
2015-02-24 10:06
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sarifahselinder
I con Tolong make up ur mind la
Wil oil price recover so u buy Barakah dan RM storng again or USD terus strong?? Tolong sikit u r confusing now
2015-02-17 14:37