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2020-05-17 21:32 | Report Abuse
If you work in great good companies such Intel, Agilent, you would be fired for making wrong biz decision causing company RM11 million impairment. This RM11 million impairment in Krono tells a lots such as insufficient management and poor integrity. I lost my faith in Krono.
2020-05-16 16:06 | Report Abuse
You must have a typo on 150% , the reasonable number is 15%.
2020-05-16 15:45 | Report Abuse
1st of all, thks Bursa D for the good write up.
I would like to share history of this fishy company for those having interest on it.
1) In 2012, the factory caught in fire. Then the boss said they would put even more stringent measures to prevent fire happens again.
2) In 2017, the factory caught in fire again. This has discredited word by its boss(same person in charge till today). Any man can make a mistake; only a fool keeps making the same one.
3) In 2013, the company painted a beautiful biz opportunity in Silver mining in Australia. The company wrote off RM9.8 mil investment in Silver a year later. This was the second discredit action by its boss(same person). Will the same impairment happen on beautiful face mark story ?
4) In 2014, the company painted another beautiful story to invest into selling smart phone thru e-commence. End result was write off again. This was the 3rd discredit biz decision by the boss.
Be careful if you want to believe this face mask story. I wish this time is a success story instead of cash burning exercise again.
Good luck
2020-05-14 12:44 | Report Abuse
Only 100 units ProXmask 90V sold so far in Lazada. How to make profit with only 100 units sold ? Conclusion, this is another story exaggerated by Big Mouth Singapore Eng.
2020-05-08 15:53 | Report Abuse
The only reason that this stock dropped sharply after the 2018 GE is no more JibGor as PM who is also Golf buddy of boss of GK. Consequently the very profitable Engineering(Construction) biz which is the catalyst for the GK's price rally in 2017-2018 vapors immediately and so the beautiful rally of GK. Profit from water meter biz is not lucrative to justify RM2-RM3 for GK.
2020-05-07 17:30 | Report Abuse
I believe profit of FPI will be affected by Covid-19 for more than 20% and dividend next year will be lower than this year, 11 cts.
I am waiting to buy MORE FPI below 1.30. The reason is that 1.30 +0.11 div(paid in Apr)= RM1.41. 1.41 is just 13% discount from 1.60 which is the average price of FPI before Covid.
If you are eager to have FPI, in fact 1.30 is not expensive too. If I have not had FPI, I will buy now. Good luck.
2020-05-07 17:07 | Report Abuse
Vietnam's garment exports fall 5.8 per cent in 4 months.
https://klse.i3investor.com/blogs/kianweiaritcles/2020-05-07-story-h1506940031-Vietnam_s_garment_exports_fall_5_8_per_cent_in_4_months.jsp
Magni's main factory is located in Vietnam. Don't know how much is Magni's sales affected ?
However if we keep Magni for more than 1 year from now, I believe its price will be higher than the current RM1.86. Cheer !!!
2020-05-06 14:39 | Report Abuse
Having debate from two sides will be more reflective to the actual situation. I appreciate and thks for all arguments.
2020-05-05 12:38 | Report Abuse
Watch out! It's boss is connected to OSK and does not have good reputation in the industry. You may "google" his history to verify.
2020-05-02 12:25 | Report Abuse
For the past two years, Comfort was trading around 85 cts. This is the base value of Comfort.
Now, with factor of Covid 19, let's make these assumptions :
1) the idle capacity is now fully utilized - contributes extra 15% profit.
2) 10% increase on selling price due to high demand- contributes extra 10% to profit.
3) Upcoming extra sale from the newly installed machine(6 lines) - contributes extra 12 % to profit.
4) 15% extra valuation due to market hype"
The best valuation = 85cts x1.15x1.10x1.12x1.15=RM1.38
Stock: [KRONO]: KRONOLOGI ASIA BERHAD
2020-05-18 17:14 | Report Abuse
If Q1 with only 2 weeks impact from MCO, Krono already cannot deliver reasonable earning, we should not expect it to perform good in longer MCO.
Q1 result tells that the management is no efficient in doing this biz. The poor performance will be compounded to very worst in pandemic going forward.
The most important criteria in investing in any company is the integrity and efficiency of Board of Director.