The Group recorded a remarkable second quarter and first half results with a 20.8% and 15.3% increase respectively in its PBT compared to the preceding year corresponding period mainly attributable to the positive growth in our semi-conductor business. Looking forward, the Group is seeing advancement and deployment of new innovative technologies following from the roll-out of 5G globally and we believe these developments in the electronic and technology space will be positive for our business. Nevertheless, the Group anticipates that the overall business conditions for the remaining 6 months period in 2020 will continue to be uncertain amidst global uncertainties and downside risks due to heightened concerns over the impact of the potential second wave from COVID-19 on the world economy.
As for the oil and gas industry, we notice that new orders are trickling in from the various umbrella contracts for provision of manpower supply and also mechanical rotating equipment services and parts that we have with from the Petronas Group of Companies. We hope this momentum will pick up further during the second half of this year. Having said that, global oil demand and the COVID-19 pandemic will all remain a key source of risk to the current outlook.
While the Group anticipates that the overall business conditions in the remaining two quarters of the current financial year to remain uncertain, we are cautiously optimistic that our performance for the remaining months will be satisfactory.

The Group’s revenue of RM172.5 million for the current period ended 30 June 2020 was RM8.5 million (5.2%) higher than that achieved in the preceding year corresponding period mainly contributed by our subsidiary in Taiwan. The performance would have been better but for the indirect impact from the COVID-19 pandemic.
Against the same period last year, the PBT for the Group increased by RM7.0 million (15.3%) as a result of improved revenue and vigilance in cost management.

The Group’s revenue for the current quarter ended 30 June 2020 increased by approximately RM7.5 million (9.3%) compared to the preceding year corresponding quarter mainly contributed by our subsidiary in Taiwan. This was mainly due to the positive growth of the semi-conductor business. However, slowdown in our customers’ business in the oil and gas sector resulted in a drop in business for the Group’s oil and gas subsidiaries in Malaysia, Singapore and the Philippines. In addition, the Movement Control Order (“MCO”) implemented by the Malaysian Government due to the COVID-19 pandemic had resulted in some disruption in our operations in Malaysia and to a lesser degree, our oil and gas business in Singapore and the Philippines.
The Group’s profit before tax (“PBT”) of RM27.9 million for the current quarter was RM4.8 million or 20.8% higher than the corresponding quarter’s RM23.1 million. The higher profit was mainly due to improved revenue and better profit margin resulting from the continual efforts to improve efficiency across the Group. This was our historical best quarter performance even with the global slowdown caused by the COVID-19 pandemic.

Hahah...rakuten always like this

So funny @god2077. Why almost everyone really like to condemn before even research properly? At least ask politely

“And later, when asked if Intel would be willing to outsource more of its manufacturing work to foundries (such as TSMC) in light of its 7nm setback, Swan didn't rule out the possibility.” I quote this from https://realmoney.thestreet.com/investing/technology/intel-s-manufacturing-setback-must-be-music-to-amd-and-tsmc-s-ears-15381322 titled “Intel's Manufacturing Setback Must Be Music to AMD and TSMC's Ears”

Dpharma has a steady revenue over the years prior to pandemic. The ups and downs in the dpharma stock price was only reflects on the market emotion only. They are fundamentally sound company. Their profit margin converging previously was mainly due to the forex loss. With ringgit now opening higher against usd, we can see the margin will increases over the pandemic. Just my opinion. Tq

Althought it will take few years for the vaccine to be available, given to the company potential, i would buy whaetver the price is now. If its down let be it, because once the vaccine is available, it will gap up every now and then. That time u wont see the price today. Thats how u make money..now people just down a few, u sell..just up a few, u sell..haiya

The global demand for semiconductors, which remains strong in the long term, will continue to grow. According to IHS Markit, the deployment of 5G will be the main factor propelling a recovery for the semiconductor industry from the significant downturn in 2019, not only because of the renewed growth it will bring to the wireless industry, but also due to the wider benefits the wireless technology will bestow on global businesses and economies. IHS Markit further highlighted that the market in 2020 will be driven by two significant factors: one, the return to growth for global server expansion, and two, the introduction of 5G handsets. The Group believes that these developments in the electronic and technology space will be positive for our semiconductor business for years to come..i quote this from their QR4 2019

As gloveisgold said..they benefit indirectly from the 5G development..u just want to make me look stupid. Go on. I invested in frontken since end of 2017 and i believe what they can achieve in the long term.

@DannyArcher tell me more about it? I only read the company quarter report. Or maybe they are producing a fake report..lol

Frontken revenue is growing..i can see why not we hold this company for its long term prospect, especially its involvement in 5G. I bought this stock at 50c when we all were talking about its prospect with tsmc. I can see more upside as our technology is advancing

Some experts suspected that algorithmic trading activities could be at play. Algorithmic trading is a method of executing orders using automated pre-programmed trading instructions that account for variables such as time, price, and volume.

Malacca Securities Sdn Bhd head of research Loui Low did not rule out the possibility that algorithmic trading activities could be involved.

Another possibility, he believed, could be that the glove counters had triggered the stop limit for various investors and brokers. I quote this from the edge market

Wow..this is my first time seeing a list like that in professional forum, or is it not?

Garang since i bought at 0.50...i dont what lies ahead, but when the 5G roll out, it will sure be like the glove counter..

5G will soon be achieved

@joyvest watch for the 5g prospect

@joyvest i remember seeing u somewhere else, tell me its not here? What do u mean what is going on? Nothing anomaly happened as of today. No bad news either. Unless u are intraday player, can go to glove counter

tmathi its obvious based on yesterday candlestick..glove begin yesterday with panic selling but regain its momentum at the end of yesterday trading session..

Glove stock showing lack of selling pressure at the end of the trading day. Means that today selling is just panic selling from traders, regarding the news on the margin thing by banks.

Right like what? He eventually selling another stock name...isnt it obvious? lol

If it closed red..does it mean a shooting star candle stick is formed?thus, trend reversal may happen? I dont know much about candlestick.

Calvin want to do softselling, but at the end, he just exposed himself doing the hardselling part..lol

Cases dropped...but still...there are cases...new cases everyday...which adds up to the cumulative of previous cases minus discharged cases..these gloves are ‘pakai buang’ latex gloves which is biodegradable...hospital will keep on ordering...but talking about supermax again, they also export their gloves to other region too..better margin when ringgit dropped

We will see the trend rise a little bit after 14 days of raya

But supermax exporting to many other regions too

Executive director bought 100,000 shares. Tomorrow fly again...all people come to glove sector as long as there is no sign of hope for vaccine. Because everyday surely have cases. In Malaysia, the cases are easing. But demand for glove is still there. I think if no vaccine yet to be found, the uptrend can still go up to two years

What do u mean by cash cow?

Good insights. Thanks for the info

@newbie2y could u please summarize the video?

This is just my opinion, we have to see how ng wai going to tell about this. Because i think the semicon business is not all about 1 1=2..its rather complex.

@newbie8080 there are many factors come into play. One of them might be because of increasing demand since we all know tsmc is the largest semicon globally. Unless of u think that tsmc would split its orders into two regions, while the demand is still the same, tsmc might be going in the wrong way which i think they are not. My take is that whenever tsmc keeps growing its business, we know that frontken has made a great deal of businwss with tsmc when they made an agreement to supply for them. And FYI, frontken EV/EBITDA is still highly undervalued

It depends on your risk management. Considering all the risk u would take, how much u are willing to buy? My risk and yours arent the same. Some factors i would consider, firstly because it is still in uptrend. Then i would check the company financial stability. Then can go to see its prospect, is this company still has a potential to grow? Consider the sector performance and the supply chain impact of the covid. But i am anticipating 5G roll out by end of this year will give a huge boost to the company topline. Then how much it will drop u never know. But considering how my view on this company, i would take the risk to accumulate more if the price drops below 10%, and accumulate little when the price drops within 10%. One thing for sure, nvest at your own risk. Dont follow blindly what people told, as some of them might try to con u.

1Q highest revenue ever. Now i am getting more confident to collect every dip =D

We have seen a balance in supply vs demand for the last few days..will have to wait for 1Q20 and see how the company view on the prospect of the sector

Frontken returns in the past:
5 days = 4.69%
1 month = 18.62%
3 months = -4.70%
YTD = -2.62%
1 year = 61.59%

I am new to powerwell..may i know what drives the price further? Last time i heard they were eying on ecrl and mrt project. My view is that these kind of projects initiation might be hindered by the impact of covid. Eventhough the construction sector itself might be one of many that might hardly impacted by covid, transportation demand itself might not be a priority in a short to mid term as the economically might take at least 2-3 years to recover

Talib = gooshen

Oil comeback accelerates, futures now up more than 30% - cnbc

U are right newbie8080. But one thing for sure, there are a masa investors who would probably drive all these shares down due to panic selling. Its an open market, not a market only to those u invest based on emotion. Its just for us to be more cautious, orrrr, an oppurtunity to grab more when fear is looming.

Oil futures contract expiring Tuesday dives more than 40% to under $11 as pandemic ravages demand - cnbc

Why do u guys need to tell what price u guys bought and sold?

Previously, our government said to roll out 5G in the second half of 2020..especially when the demand of wfh is on the rise, i think once the good news comes out, this stock will be flying again. Whatever the price it is now, it is surely attractive one. Only if u dont have enough money to average down, just focus on the short term. Because the economic impact or covid is still unclear.

KUALA LUMPUR (April 16): Bursa Malaysia Bhd has granted a further extension of time for listed issuers to submit their financial statements, an additional relief measure to assist and support listed issuers in these challenging times due to the COVID-19 outbreak.

TSMC's First Quarter Earnings Conference will be held on Thursday, April 16, 2020, at 2 pm Taiwan time/ 2 am ET. The Quiet Period is April 6 to 15, 2020. During this period, TSMC refrains itself from making contacts with the investment communities.

The Earnings Conference will be held in English and webcasted live on TSMC's website at https://www.tsmc.com. The webcast will be archieved for replay within 4 hours and a transcript will also be available for download within 24 hours after the Earnings Conference is finished.

Talib..who gonna do the precision cleaning for tsmc of 5nm chip?? Inari? lol..are u new with frontken?

Hardselling serba in frontken forum eh? Tq anyway

QR to be released by end of this month right? I am gonna expect a selldown throughout bursa market

@GooShem lol good for u to get the price u want

What do u mean @Joyvestt?