Hi michaelwong, this counter is a good stock with promising good biz. Just compare the Revenue, cash flow from operating activities , debts, trade receivables, trade payables, cash balance in bank and land reclamation industry is so big. Only 6s/6.5s you can invest in this debt-free stock with potential to own landbank near the coastline. Furthermore, Inix has very capable directors to steer the company in a positive direction.

https://www.thestar.com.my/business/business-news/2018/07/18/institutional-shareholders-unhappy-with-sapura-energys-remuneration/

He is paid RM 200 K per day !

Buy and invest in landbank by the coastline. Inix is a small jewel , with Galactic Maritime as one of the major player in land reclamation industry, very soon Inix will gather a few acres of land by the beach.

Read a lot , dex. I travelled a lot too especially in Klebang Malacca.

Galactic Maritime profit guarantee for Inix can be paid by land parcels from land reclamation . Inix soon will have landbank near the coastline where the value of land appreciate over time.

Long term investors look at future value of the company. Inix future growth is excellent with tremendous potential to venture into landbank and property investments.

6s , not easy to get also. Maybe have to queue for a few weeks to get some. Anyway, good luck. Like I have said earlier, Inix will soon be a shining star . Thanks to Dr Azman and his new team members. The numbers from the last 2 QR will make the minority shareholders happy.

Inix last 2 QR was the best in so many years. This FY18 , Inix will be in the black as stated by CEO Dr Azman who is still on board. This new BODs with the arrivals of Zhang Li and Datok Dr Dominic Lau will combine their experiences to bring Inix to double digit share price very soon. Inix will soon have its own landbank by the coast.

Inix , a penny stock, can manufacture land !

Target price is double digit, upon Galactic Maritime performance. GM will surely help Inix to reach new heights.

Next Qtr is on last week of Sept. Hope Revenue can hit RM 3.6 M , then the annual revenue will be RM 10 M, and with some profit !

Update on Galactic Maritime: It is able to upgrade ports, harbour and navigational waterways especially along the Tebrau Straits, Port Dickson, Klebang in Malacca, Pulau Indah near Klang and Jambatan PIAI in Johor. GMaritime is very successful in completion of projects in Zhejiang, Fujian and Guangdong. Orderbook as at July 2012 is RM 220 M, especially projects around Iskandar Economic Region including Nusajaya waterfront development. To sum up, Galactic Maritime is one of the major player in land reclamation industry ever since 2010 in Malaysia. Now Inix has 49% shares of GMaritime, and at 6s per share it is the CHEAPEST JEWEL in Bursa.

http://klse.i3investor.com/m/blog/journeytowealth88/14685.jsp

Interesting article.......Galactic Maritime, Benalec and Muhibbah are major land reclamation companies

Inix FYE 2018 , Revenue RM 10 M , boleh atau tak boleh ?

The new Inix is 100% local market, so the trade tariff between US and China has no impact at all

In the last AGM , the CEO of Inix has plans for BizApps to be launch into other areas.

R & D costs was at its high due to a project which has yet to be commercialize. This was stated on 28 Dec 2016 by one of Inix's Directors. Now that this project is completed, hence the R&D expenses is ZERO in the last 3 Qtrs. BizApp UiTM is a Mall without a physical Mall. This project was recently launched last September 2017.

Be careful guys.

Why suddenly the Research and Development expences in the last 3 QTRS is ZERO ? I will tell the answer tomorrow.

Thanks dex,

For the last 3 QRs , Inix maintained the administrative expenses about RM 1.1m to RM 1.6M, while the research and development expenses are ZERO in all those three Qtrs. This shows that Inix now is very lean and well manage, cutting down any unneccesary spendings.

Good jewels like Inix will not stay cheap for long. Opportunities only knock on your door once.

CEO Dr Azman is an experienced man in IT industry , En Mohd Anuar Hanadzlah an ED of Inix and Director of GM plus the newly appointed ED Zhang Li and Datok Dr Dominic Lau , both having experienced in the building industry (please refer to NWP stock ) will helped Inix to move into a new horizon

This new Inix has now diversified his business from IT to land reclamation and probably property development through its wholly owned subsidiary CMSB, Concrete Milestone Sdn Bhd.

Land reclamation in Malaysia was on way back in 1992. Now this industry is so big and bring in lots of opportunities such as property development. Galactic Maritime can also moved into ship maintainence. Hence, in early Jan 2017, Inix increased its shareholding by another 19% of GM. Now with 49% of GM, Inix further purchased another sand dredging vessel since the business is expanding rapidly.

Anyway, PMB invested in Inix is mainly on strategic partnership since land reclamation is a very big business.

Hi Awak, THHEAVY stock , I did not study much about this stock. So sorry, cannot explain why PMB took pp at 80s 3 years ago.

PMB hanya melabur dalam syarikat yang mempunyai masa depan yang cerah. Inix merupakan satu syarikat yang sedang pesat membangun bukan hanya dalam bidang IT bahkan juga dalam bidang penambakkan tanah di pantai khasnya di negeri Melaka dan Selangor.

Inix is in good hands, guys. No worries. With the new appointments of Directors , Inix QRs for FY 18 keep on improving. The figures from every corners speaks well of the good works of all the Directors with the CEO , Dr Azman still on board. PMB is still inside Inix as one of the main shareholders providing the necessary support and network to help Inix business to grow tremendously.

Free warrant INIX WB , yes that is possible sir. Why ? Simply, revenue gets bigger and bigger, meaning business volume is increasing, then free warrant B is highly likely. Another reason is Warrant is for future funding for Inix supported by good cash flow from operating activities. Also, the cash in bank from RM 324 K as at 31 July 2017 increased 8 fold to RM 2.578 M as at 30 April 2018, will certainly allow BODs to reward loyal shareholders with free Warrant B.

FY18, 1stQR ,2ndQR, 3rdQR , the Current Assets keep on increasing ie RM 6.4 M, RM 9.3 M and RM 10.9 M respectively. Inix business is getting better in the FY 18 for the past 9 months !

On 18 July 2016, Inix acquired Concrete Milestone Sdn Bhd, an investment holding company. On 11 Dec 2015, Inix acquired 30% of GMaritime. Your guess is as good as mine, Land reclamation, GM and CMSB , surely something is brewing in the near future.

Land reclamation is world wide, from Malaysia to Dubai, luxury high rise condos are built on artificial islands and reclaimed coastline. Galactic Maritime with many years experience in this field will certainly prove beyond doubt to bring in the profit for Inix. By then Inix will not be a penny stock any more. Kedah with the RM 30 B , mega project on the 81 hectare of reclaimed land near Langkawi will be a popular tourist spot . Galactic Maritime can help to maintain environmental protection for these kind of mega projects. Lets hope Inix will get a slice of it.

https://www.thestar.com.my/business/business-news/2018/06/01/ting-pek-khiing-to-resubmit-langkawi-project-proposal/

Lets hope Galactic Maritime can get a slice of this mega project

My hobby is reading and searching for cheap little jewels in the rubble. Inix is one of them. Cheap little unknown jewel where nobody even noticed of its existence in Bursa. Land reclamation is a big business even Datok Thing Pek King wanted to build a big one near Langkawi . In due time Galactic Maritime will help to make Inix famous.

Also, Inix will make some profit this FY as stated by CEO, Dr Azman.

The last 3 QRs has proven beyond doubt that Inix is changing for the better. Now the total revenue is RM 6.4 M which is only 75% of FYE 2018. These revenue shows that Inix business is expanding. Lets hope the top line for this FY can hit RM 10 M

The contracts awards from Aug 2017 till now is worth RM 14 m for IT alone. These awards will keep Inix busy for at least 2 years. In the meantime , lets hope Inix will get more IT contracts.

G Maitime has a big project in Pulau Indah in year 2016. The project is worth RM 18 m and it is finishing around this time. Lets hope the profit will come in for the 4 th QR , which will help Inix make profit. Please refer to Bursa Announcement.

INIX CEO said that there is a high chance that FYE 2018 is in the black. Hopefully, there will be some kind of rewards for the loyal shareholders , maybe a small dividend. As the QR gets better with increasing trade receivables and good cash flow from operating activities, Inix will move on to a higher level.

The profit from associates ( GM and HyperQB ) are stated in the CASH FLOW ACCOUNT
ie RM 1.255 m in the last QR. Inix primarily objective in purchasing these two companies is to supplement their cash flow.

One of the Inix Executive Director is appointed as Director in G Maritime.

The 49% acquisition of GMaritime is so important for Inix and the business is expanding with Inix purchased another vessel worth RM 5.5 m. This business has potential not only in land reclamation but also ship maintainence and services.

Concrete Milestone SB was registered on 18/7/2016. Acquisition of G Maritime was done around the same time. Land reclamation can also be used to develop houses.

Inix has many good points. Concrete Milestone Sdn Bhd is a wholly own company of Inix and this has something to do with property development. My 2 cents idea.

I have promoted Inix in Sept 2017 after so much research on this company. Now in year 2018 , Inix has proven to their loyal shareholders in terms of good increasing revenue , good cash flow from operating activities, good cash balance in the bank and maintained its ZERO-DEBT position. For those who still believe in this company future performance can keep or buy cheap now. For those who does NOT believe in the company business can sell off their positions. As Warren Buffet said " buy the business and not the stock "

Better be careful than be sorry guys. Oil price plunge yesterday by almost 7% !

Buy or throw , your wish. If you think Inix is good then buy. If you think Inix is bad just throw.

API reported a major draw of 6.796 m barrels of crude oil . This clearly shows global demand for oil keep on increasing. Soon WTI crude oil will hit 75 pb and Brent will hit 80 pb. With Iran sanctions, analyst said Brent will hit 120 pb.

Norway workers on strike demand for more wages. Oil supply will be aproblem.