Financial

For FY 2021, IQgroup focus in DC battery product and penetrates market. Obviously FY 2021 is turnaround year for IQgroup, by exclude one off FOREX/EXPENSES IQgroup make a decent profit of RM 10mil/EPS 12.
 

United State America - IQgroup FY 2022 strategy (17% market share)

Based on latest announce annual report dated 22.7.21, IQ forward direction is focus at USA market.
Currently about half of the sales derive from Europe followed by Japan and USA, 

Below are IQ’s US Clientele:-
-OPTEX FA INC.
-HOME DEPOT
-RAB LIGHTING INC
-OSRAM AMERICAS
-QVC INC

Base on my finding, Home Depot USA import heavily starting late June 2021. I believe HOME DEPOT is not new to you guys, “Yes”  Home Depot is just like M’sia version Mr.DIY. In fact, Home Depot is the world largest home improvement retailer and its own more than 2,250 store across North America.

IMAGINE your product display on HOME DEPOT’s outlet shelf. 

Japan raises emissions reduction target to 46% by 2030 (30% market share)

Lumiqs has a 70% reduction compared to fluorescent lamps. The reduction is 56% compared to general LEDs, which exceeds Japan's 2030 reduction target of 46%.On the other hand, when replacing fluorescent lamps with general LEDs, the reduction is only 33%.

https://apnews.com/article/joe-biden-climate-yoshihide-suga-carbon-neutrality-summits-3690e8078574dd69de658c60b6d4a167

Europe Green Deal (50% market share)

I expect the Europe Green Deal to lead to a growing number of new regulations in the areas of digitalization and sustainability. Definitely IQgroup is one of the LED makers that will benefit from it as it offers products and solutions in areas such as smart building, smart cities, specialty LED lighting, motion sensors and etc.

What is Europe Green Deal???

https://www.signify.com/global/our-company/blog/sustainability/signify-european-green-deal

Disclaimer: The material provided herein is for informational purposes only. It does not constitute an offer to buy orsell any securities. We accept no liability whatsoever for any direct or consequential loss arising from any use of information in this report.

I do not hold a position with the issuer such as employment, directorship, or consultancy.

I and/or others I advise may buy/hold/sell the mentioned securities at any time without further notice.