@mr.bean where you get the information?

purchase order @samchong6891

sapurakencana , everytime when the share price drops, got a lot questions will come out. Just waiting management team turn their RnD cost into profit

strongly agree with you Millionology, honestly, my paper gain has also gone but I feel happy having a chance to buy Geshen again at relatively cheaper price. I only focus on price when the time I want buy, but I only focus on the company business to determine which one I want to buy

the product demand is still there, 要记着冷艳前辈的名言长成长，长持有

slowly become cheap again

currently not good but future is good, depend on how long you see

This stock really cheap as net cash per share from FY22Q1 is RM0.185. NTA worth RM1.45.

The only problem that why profit drop so much is because it is a "small" company.

From my point, if the company doesn't have their own technology they cannot make the profit margin up to 70% sometimes...Although this machine seems like "low" tech but their machine having more function compared with others in the market.

@wallstreetrookie May I know from what point you can know this is "low" tech co.?

Below is the point that why PAT dropping...
1. GPM decrease from 70 to 57%, my guess is because the material cost increase.
2. Comparing YoY Increasing S&D Exp, my guess is the cost of the agent fee from overseas.
3. Got tax compare YoY Q1 last yr (actually PBT YoY increasing)

Summarize this result is quite ok for me because
1. From my view the S&D exp is something like a fixed cost comparing to the Q1FY21.
2. If we assume that this is fixed cost or will increase but slowly compare with revenue growth
3. This will become a smaller effect on the PAT when the revenue goes up

Then the problem comes out. Will the revenue goes up?

My short answer is Yes.

Why? From the prospect, we know management says the tech industry is booming right now.

On the other hand, we look into VIS financial statement. As everyone knows tech company always look good in their financial position and VIS as well. This QR showing the receivable dropping 1m from Q1 but don't forget this quarter earn 9m revenue. This also shows the company has a strong ability to collect back their money.

Also, we cannot ignore the risk is this company affected also in the FMCO during June. Next QR also won't show an attractive number due to this. But for this FY21 believe having a bright prospect for VIS.

We sure waiting for the new contract but currently not only SMIC doing expansion, for me I hope management can recruit more people to help him first and getting more project from different customer besides SMIC.

Bonus Entitlement Date which is in the End of June

Coming soon latest announcement mention mid of Jun

waiting for the announcement

Yup this EGM is for approval of Bonus and warrants issues only but I want to highlight the management team too good already although the QnA section is finished they still reply to the question from us.

@jwinter3 I think company having announcement before
https://malaysiastock.biz/Company-Announcement.aspx?id=1322545

In Item 10

btw I'm not in this sector, this is what i saw based on my experience

Welcome, this is the business model of KGB. In tech sector, everything changes very fast so the project is not a long period of project and get new project also very fast (but also depend on the capability of management)

last time around 380+m project most expected done in this year. but can very fast to catch up the order book. No need to worried about that.

Management say can see the demand will very strong in East Asia such as China and Taiwan (cannot recall another one maybe is Taiwan, anyone know just correct me) in the next 2-3 yrs.

they cannot disclose in the AGM but they mention got new project, management just told us check in the Q2 report

If not mistaken this is the best Q1 from the past bah, just wait for the coming result to come out. btw the big risk is now MCO, company business get disturbed in Msia segment.

this is what I predict only not management say

I think if the result can ongoing like Q1 worst and Q4 better hybrid with the industrial gas margin. KGB having double turbo to boost their profit in this FY

My side didnt take note of the EGM since only few question. But one interesting is shareholder asking why need to open EGM due to the company already run the industrial gas business. The answer is according to the regulation if the new business exceed 25% of the total revenue then the company need to approve by shareholder in the meeting. On the other hand means management think the industrial gas will reach 25% in this year so need to open for vote

Welcome, this is for those want to know more about the company but not able to join the AGM

this is what I conclusion la any miss just add on by other. many question are repeat so summary for me is only 17 question

KGB AGM QnA

Q1. Prospect for the next 3-5yr
A: double-digit growth with continuing the growing momentum from the past

Q2. CO2 plant utilization rate
A: 40-60% because the demand up and down (currently is 60%)

Q3. When can get the Halal cert (into f&b industry)
A: expected to get the cert very soon

Q4. Plan for improving the profit margin
A: On the services sector trying to control the cost and industrial gas sector having higher profit margin.

Q5. What is the growth momentum?
A: Chip shortage for the UHP side which the semiconductor manufacturing plant is expanding to catch up the demand of chips. On the other hand, the industrial gas industry is growing quite well.

Q6. Target revenue for 2021
A: looking to exceed 2019

Q7. Operation disturb in business?
A: Yes, in m'sia and partly yes in Taiwan due to the tight SOP in Taiwan but the project still going on

Q8. Competitor
A: less in M'sia and SG and more in China and Taiwan, but the market size in M'sia and SG also smaller

Q9. looking for M&A?
A: currently nope but if the chance will consider

Q10. Any plan into medical gas?
A: need the specific machine, if get the machine will go into this industry

Q11. How to handle overseas business and ensure quality?
A: Oversea got in-house QC & QA to control the quality and fabrication work is looking for sub-contractor to decrease the working for the firm

Q12. Can you break the 2019 result?
A: Yes if the MCO successful, need to depend on the covid

Q13. Recurring income
A: that is the reason why need to diversify into the industrial gas business, there is having more recurring income

Q14. Order book breaks new high 400+m, can you do more?
A: Company work very hard already but will try to get more job

Q15. What is your company competitive advantage and how to keep to get new project
A: Company technical know-how and depend on the chip shortage but the upstream will actively in next 2-3yr

Q16. Short & longterm plan for company
A: growing the industrial gas industry and chip shortage on the UHP side

Q17. Worker requirement
A: Industrial gas automated and the other need to depend on the technician so hard to decrease the worker

@jwinter3 agree your point due to MCO we also hard to travel to shah alam also, last year join the AGM, very good impression. Hope this year can join also

We know that Q1 which is the worst quarter for most of the company, since there are a lot holiday such as CNY... how to compare Q1 to Q4?

Btw you can see there is the best compare to the past Q1, the demand for the product which is very strong and the profit also done well..

all in all, well done DUFU. A big thumbs up

@New994 thank you...too far for me cannot attend this AGM. Hope anyone can share the information in here hahaha

AGM which is conduct in Penang right? Can anyone share the detail of AGM?

Any news? why got big boy throw share?

VIS result normally best in Q4 btw now only Q1 can get 2.5m PAT which is considered historical high compared to the past Q1...Let see about the Q2-Q4 result...

2019 which semiconductor industry slow down and 2020 getting into trouble with COVID...can the result back to the track?

millionology good! hahahahahahahha

thank you BursaMaster121212 your info.
If can open until 75store then the share price is more more undervalue

now the share price shoot up due to the news, waiting the true value come in then the share price will continue grow slowly wakaka keep the share in safe

if hammer show in high price then is end of bullish
but now I still think the share price in bottom...
waiting for the market sentiment

May I know any effect for warrant holder if company do right issue

how you know? haha can share with us? thank you

what is the relationship between asiapoly and tawin?

How to create? You create and I join hahaha

wow, cannot imagine the buying force... but we focus on business and the value stock price is the bonus...we know it will come it left timing problem...

from my overview, I only can say this result is neutral...

1. myNEWS EBITA still got 5.57m due to net profit including depreciation this big amount of expenses.
2. Sales per store 62 thousand per month average, this is still acceptable range if we look back from 2016 to 2020 AR...the sales per store average per month from 60 thousand in 2018 to the highest in 2016 which is 72 thousand. (although 80% of the store in Klang which is one of the most restrictive movement controls in M'sia but still can maintain the sales per store)
3. net profit drop which is lead by lower revenue for the main reason and slightly higher cost compared to the past.
3a. lower revenue is because myNEWS close more underperform store... then myNEWS planning to open more store in the future

didnt mention at all... I think this kind of business model for shareholder which is only need to hold and wait hahaha waiting the true value come... now share price for me also undervalue as I mention here during 15/3/2021

zzprozaz

mgmt team didnt mention actual rate, but they mention during MCO is below 30%, after MCO is over 30% only...

break-even maybe will take 2 yrs times... pls consider this problem when you calculate the actual value of the company

I think the business model of myNEWS is very simple, btw they are planning to open 100 store based on the management team said in AGM.

CU open 30-50 store (from mgmt team), myNEWS SUPERVALUE open 15store more( from mgmt team), and myNEWS maybe open 35-55 store in FYE2021 (from my estimation)

and the CAPEX for open store is 500 thousand and they allocated 50m in 2021.

the FPC will share among all the store including the CU and myNEWS.

myNEWS and CU will not open together but maybe open closely. From my view of this point CU and myNEWS is targeting different customer so this is no conflict by opening store nearby

the reason that why mgmt team decided to close so many store in 2020 due to the performance of the store is not good.

Btw from my view of this AGM there are no surprising information in this AGM. All the information can found online and done by own homework...

I can say that this company will be very good in the coming future due to this is the first one and currently only one company patented cross-linking treatment of electron beam irradiation technology in SEA. But we also font forgot this company still has a lot of ICPS and warrant haven't fully conversion to mother share, this will lead the no. of share shoot up and diluted the EPS