Ya bro Raider. I do listen. But I don't make a decision solely based on your input ya.

Quoted from an experienced value investor

"He also says investors should not make any investment decisions solely based on the advice or recommendations of investment professionals. “That is because everybody has self-interest, including investment analysts. They can be very well educated and very good at analysing, but they also have their own agenda. You should have some knowledge and do your own research.”

https://www.theedgemarkets.com/article/first-person-never-too-late-be-investor

Less likely will reach target price of RM 8.50 as it will attract cash-rich buyer/fund manager to buy during the dip. The pain point for retailers is never about the fundamental of the company. It is the classical buy high sell low every time. After cutting loss, thinking to buy at a lower price which most of the time does not succeed.

The chart is like when supermax is below rm 5

@Brendonyeap yes I received the confirmation just now. Thanks!

Anyone registered for the AGM on Monday and get notified? I registered but haven't received any confirmation yet.

In 2019, Japanese glass platter manufacturer HOYA has build a new generation plant to manufacture glass platter to caters for the growing demand.

https://www.anandtech.com/show/13954/hoya-starts-to-build-nextgen-hdd-media-production-facility

Glass platter will be the future for HDD and therefore titanium spacer will be the future

Why use titanium spacer?

Because the end customer hardisk has changed platter from aluminium to glass platter.

Titanium spacer manufacturer. Higher margin compared to Notion.

The first time it closed above 1.25. Good momentum.

Company director sold 20,000 share at RM 3.4

Support at 4.70 & 4.35
Resistant at 5.00 & 5.59

Still in an uptrend channel, unless close below 4.70

Greatech

Support zone: RM 2.90 - 3.13
Resistance zone: RM 3.61 - 3.88

E-government is definitely a future trend post Covid. Government across the region will invest more heavily on E-government infrastructure.

Shared traded during 5 pm closing is total RM 11.3 million @ RM 5.13 per share

maybe will not spike on tomorrow. But more fund managers can buy pentamaster share now.

Penta is enrolled into latest Shariah-Compliant Securities!

@teeren90

Yes I think you are right. I checked other shariah company in KLSE and seems like short terms fund is not included in the cash/asset ratio.

I hope that Penta can manage to get enlisted in the next week!

Several good news we can expect from the coming few quarterly reports.


1. Increase in total revenue Year on Year
From Q4 2019 quarter report released in March 2019, it was stated that

"The order book for the Group stood at RM215 million as at 31 January 2020. With that, the Group
continues to increase and focus on processing these orders that will eventually be contributing to the revenue in the fiscal year 2020."

For FY2019 total revenue is also RM 215 million. Meaning to say at the end of January 2020 Greatech has already secured order book amount which is similar to FY2019.

Revenue FY2020: RM 215 million (secured)
Revenue FY2019: RM 215 million

For QoQ comparison, revenue might drop/flat as Greatech is a cyclical business. For example machine installation normally completed in Q4 and Q4 should record the highest revenue while Q1 is mainly focused on tendering, research, material sourcing, and machine designing work.

2. Benefits from weaker ringgits

Similar to export businesses such as MI Techno and Dufu, Greatech is expected to benefit from weak ringgits and enjoy a forex gain in this coming quarter report released on next week.

Whether Penta enrolling into shariah list or not, the fundamental and its business activity doesn't change. For retailers who wish to use this shariah list as a buy in motive, you might need to reconsider.

The reason for the Company’s exclusion from the Shariah-compliant list published by SC was because PCB and its subsidiaries’ (“PCB Group”) Cash/Total Assets exceeded 33% as at 31 December 2018 and more than 5% of the interest earned from the cash deposits were not derived from interest earned under Islamic law with the deposits placed in Islamic accounts or Islamic instruments.

Cash ratio (cash/asset)
2019 - 57%
2018 - 58%
2017 - 23%
2016 - 21%
2015 - 15%

For FY2019 the cash ratio is still 57%, therefore most probably Penta will not get into shariah-compliant list next week.

Will penta make it into syariah list next week? If it success definitely will be boosting its price in the near future.

Nick. Already changed to July contract. The WTI crude you see now should be for July.

Monetary

Yes I believe Mi is a good stock. Concern is this stock might be slightly over value at the moment given its uncertain prospect in the second half.

Overall YoY 49.9% growth is amazing definitely the management did a good job to maximize the profit.

The concern will be in the second half of FY2020. For MI, second-half performance is more important. In FY2019, second-half records 60% of total revenue while the first half only records 40% of total revenue.

If the management highlighted that there is little visibility on second half, then maybe the EPS for FY2020 will be maintained or unable to match with FY2019 records of 7.91 sens (adjusted).

Latest prospect of semicon equipment outlook for Singapore Tech Stock.

https://research.sginvestors.io/2020/05/singapore-semicon-equipment-maybank-kim-eng-research-2020-05-18.html

One of the points to consider is US hardens stances towards Hua Wei. This might affect TSMC and its related machine supplier.

In a journey to expand a business, there will be sunny and rainy day ahead. It is quite impossible to that everyday is a sunny day or the another way. Management capability to manuveur through the rainy day is what matter the most. I believe Penta have a strong management team and they can work it out. As for the share price in the coming few months, it is depends on Mr Market to decide based on Penta's future (50-50). But if you are asking whether if the share price will drop on Monday compared to today closing price, chances of going down is higher than going up. But again it depends on Mr Market to decide :D

14% drop in profit is mainly due to Covid-19 pandemic. We need to accept the fact that the pandemic will continue to shadow Penta business due to its business nature where it is getting parts from various locations in the world (for example china) and it might face a part supply problem. And if a machine is built for an oversea customers, it will have problem of commission the machine oversea. For example, when an engineer arrive a particular country, it might need to be quarantined for a few days. Then when the engineer back to Malaysia, then it will need to be quarantined for the second round.

Qr will be slight negative due to covid situation in china. This is something not under company control. Dont put too high expectation on today QR and monday share pricr