Momentum starts coming KTC gogogo

This stock Monday will boom

Any news?

Gogogo all steel counter run already

Faster go up lo all steel up already

PETALING JAYA: Kim Teck Cheong Consolidated Bhd (KTC) registered a net profit of RM3.73mil for the third quarter of the financial year ending June 30, 2019, as compared to the net loss of RM11.82mil in the corresponding quarter last year.

The improved earnings were on the back of a 28% increase in revenue to RM155.73mil, mainly contributed by its Sabah and Sarawak subsidiaries.

In a press release Monday, KTC said the increased revenue contribution from its Sabah and Sarawak operations was due to more than 7,000 sales and distribution points of the group, which covers 84 districts in East Malaysia, including Brunei.

This is also supported by its 15 distribution centres with warehouse facilities in East Malaysia and Brunei.

Additionally, the higher sales were contributed by an increase in sales activation plans and promotions.

“Our third quarter results have shown the continued strength of our infrastructure and ability to bring business growth with our business partners, as we maintain the strong momentum and execution of robust plans to deliver our three profitable quarters consecutively,” said KTC executive director Dexter Lau.

Going forward, KTC is optimistic of the distribution business segment and expects it to continue being the main contributor in terms of revenue and profit.

KTC aims to serve its existing customers better by maintaining high service standards while offering innovative service offerings, and hopes to attract new agencies to add to the group’s highly diversified portfolio of agencies.

KTC also reported a decrease in debts and saw an improvement in equity during the quarter under review, which resulted in a decline in gearing ratio, from 2.34 times to 1.73 times.

The improved earnings were on the back of a 28% increase in revenue to RM155.73mil, mainly contributed by its Sabah and Sarawak subsidiaries.



In a press release Monday, KTC said the increased revenue contribution from its Sabah and Sarawak operations was due to more than 7,000 sales and distribution points of the group, which covers 84 districts in East Malaysia, including Brunei.



This is also supported by its 15 distribution centres with warehouse facilities in East Malaysia and Brunei.



Additionally, the higher sales were contributed by an increase in sales activation plans and promotions.



“Our third quarter results have shown the continued strength of our infrastructure and ability to bring business growth with our business partners, as we maintain the strong momentum and execution of robust plans to deliver our three profitable quarters consecutively,” said KTC executive director Dexter Lau.



Going forward, KTC is optimistic of the distribution business segment and expects it to continue being the main contributor in terms of revenue and profit.



KTC aims to serve its existing customers better by maintaining high service standards while offering innovative service offerings, and hopes to attract new agencies to add to the group’s highly diversified portfolio of agencies.



KTC also reported a decrease in debts and saw an improvement in equity during the quarter under review, which resulted in a decline in gearing ratio, from 2.34 times to 1.73 times.

It will likely to go up today..

Guys, penta may want to proposed bonus issue..

EORGE TOWN: Semiconductor test-equipment Pentamaster Corp Bhd expects its sales for the first half of 2017 to exceed the figure it had achieved in the same period last year.

Group executive chairman C.B. Chuah told StarBiz that the group was confident of achieving more than RM70mil worth of sales for the first half of 2017.

“So far, we have locked in about RM40mil sales for the first of 2017, which is more than half of what we achieved in the same period of 2016.

“The demand for testers should remain strong until the second half, as there will be an increase in the number of new smart telecommunication products in the market.

“The new smart products would require testers to check their sensors,” he added.

Chuah said about half of the orders for the first half of 2017 were for the smart device industry, while the automotive industry generated the demand for the remainder.

The semiconductor test-equipment is expected to contribute about 60% of the group’s revenue.

This year, the group will focus on expanding its intelligent automated robotic manufacturing line business (IARM), which is expected to contribute about 15% to revenue, compared to about 5% previously.

“Companies in Malaysia looking to replace skilled workers are our main customers.

“The IARM is growing due to the interest to replace workers where high-precision engineering and fabrication skills are involved,” he added.

On the group’s new RM25mil plant in Batu Kawan, Chuah said construction work for the 100,000-sq-ft facility would begin in the second half of 2017.

“We plan to start operations mid-2018 to produce IARM line. The group develops its own software for the IARM line. The plant will also manufacture medical washers for the export market.

“The medical washers are used for cleaning of essential hospital equipments such as wheel chairs and walking sticks” he added.

According to a Transparency Market Research report, the artificial intelligence is a fast-emerging technology, dealing with development and study of intelligent machines and software.

This software is being used across various applications such as manufacturing (assembly line robots), medical research and speech recognition systems.

“It also enables in-build software or machines to operate like human beings, thereby allowing devices to collect, analyse data, reason, talk, make decisions and act,” the report said.

“The global artificial intelligence market was valued at US$126.24bil in 2015 and is forecast to grow at a compounded annual growth rate of 36.1% from 2016 to 2024 to reach a value of US$3,061.35bil in 2024,” it added.

PENTAMASTER Corp hit a high of RM1.53 in early session, the best level since September 2005 before reversing to finish marginally lower absorbing profit-taking selling. Technically, prices are set to correct further due to overbought reason, but investors can consider accumulating more on weakness, as the bulls are expected to resume the rally later, simply because the moving average convergence/divergence histogram still is painting a promising pictogram. The immediate target is seen at the RM1.60 mark and the next objective will be to test the RM1.80 heavy resistance barrier. Initial support is at RM1.45, followed by the 21-day simple moving average of RM1.36.

Keep calm..most traders were panic selling..

I'm still holding :)
I will hold it til next quarter..

This caused by Bad market sentiment..those with weak holding power and contra players will start panic selling

Penta hasn't even reached its fair value yet..

Haha..only those with low holding power will do panic selling..

Just believe what is the truth value of this stock..

It will move towards 1.30 very very soon
Good luck n happy trading guys

Penta still able to maintain and broke new high even though most of the small and medium cap dropped...wonderful..:)

Lee Chong Wei won the game..!!!!

Congratulations to those who believe in and holding the shares til today..

I will continue updating u guys about the support level and resistance level for Penta..:)

Good luck and happy trading :)

What a strong support level!! Penta will shoot up very soon..cheers and believe in what u believe in..

It means that a lot of people still buying at 1.16..I see strong buying signal at 1.16 when close to 4.30pm..

Profit taking period but Penta only dropped about 0.02 cents..it's a very good sign and strong support level formed at 1.16

From my point of view, Penta fair price worth 1.30

Nice..quarter report is doing extremely well..100% more profit than last year quarter report

Where to see the release date of quarter report?

continue to move towards 1.30..

continue to move towards 1.30..

The result will be released soon
Hope u guys can enjoy the profit together..

Will it break next high on Monday??

Big resistance at 0.355..once it breaks 0.355.. It will try to test next resistance at 0.375

Definitely..those people who lack of holding power they started to take profit and those who have stronger holding power wait for the moment to come..

Testing to break 2.40 today..

Testing to break 0.950 today...

I have read through all the financial statement and I'm sure the quarter report is good..

Hopefully will fly new high today

This is expected because most of them are profit taking, normal phenomena..
Long term investors please be patient and collect the fruits..