One thing, do not neglect Notion & Dufu as well. With big surge of massive storage memory HDD & SDD, across all JCY, Notion & Dufu will raise accordingly, even through JCY is provide 25% of global HDD supply to both Western Digital & Seagate, majority on HDD parts. Net net Notion & Dufu will raise proportional and hit max utilization of >90% by end of Dec'24 gradually

One thing, do not neglect Notion & Dufu as well. With big surge of massive storage memory HDD & SDD, across all JCY, Notion & Dufu will raise accordingly, even through JCY is provide 25% of global HDD supply to both Western Digital & Seagate, majority on HDD parts. Net net Notion & Dufu will raise proportional and hit max utilization of >90% by end of Dec'24 gradually

One thing, do not neglect Notion & Dufu as well. With big surge of massive storage memory HDD & SDD, across all JCY, Notion & Dufu will raise accordingly, even through JCY is provide 25% of global HDD supply to both Western Digital & Seagate, majority on HDD parts. Net net Notion & Dufu will raise proportional and hit max utilization of >90% by end of Dec'24 gradually.

These all data, figure, estimation based on expert, analyst, banker in most reputable source of information Trendforce, Forbes, IndustyARC, etc throughout many years of experience with data support on customer-end
prospect future trend. I believe they shared with tons of data, statistical analysis & figures with industry experts before publish to entire world.

Believe or not, it depend on each individual person. However, I do invest based on facts, figure & data with baseline through power of research in hope for many years for multibaggar return

This is my research of how many physical hard disks needed for ONE data center.

https://klse.i3investor.com/web/blog/detail/JCYNotion/2024-06-11-story-h-159728520-JCY_Notion_Dufu_How_many_physical_hard_disks_needed_in_one_Data_Center

This is my research of how many physical hard disks needed for ONE data center.

https://klse.i3investor.com/web/blog/detail/JCYNotion/2024-06-11-story-h-159728520-JCY_Notion_Dufu_How_many_physical_hard_disks_needed_in_one_Data_Center

This is my research of how many physical hard disks needed for ONE data center.

https://klse.i3investor.com/web/blog/detail/JCYNotion/2024-06-11-story-h-159728520-JCY_Notion_Dufu_How_many_physical_hard_disks_needed_in_one_Data_Center

This is good podcast from BFM stated on Data Center set Msia as prime hub. Good job well done Msia government officials lead by PMX after unity government formed.

https://klse.i3investor.com/web/blog/detail/bfm_podcast/2024-06-11-story-h-159707192-Data_Centres_A_New_Area_Of_Growth_For_Malaysia

Hi OTB,

Thanks for the re-verification. After go through my calculation, notice I was mistakenly using the wrong Q3'2024 revenue RM147mil as baseline, by suppose to use past Q1'2024 Rev=RM126mil to compare]

In summary:
Q2 2024, Rev=147M, PAT=5.35M [EPS 0.25sen]
Q3 2024, Rev=189M, PAT=36.26M [EPS 1.69sen]
Q4 2024, Rev=252M, PAT=82.88M [EPS 3.51sen]
Q1 2025, Rev=315M, PAT=129.50M [EPS 5.26sen]
Total 4 rolling quarters, Rev=903M, PAT=253.99M

EPS = 0.1071
------------------------------------------------------------------
To explain further, here is my calculation assumption, based on JCY's (Q2'2024 Rev=RM147mil, PAT=RM 5.35mil, revenue increase of 16% QoQ (+RM21mil)).

As reported in JCY's quarter prospect, the quarter revenue increase is mainly due to a increase of 3% QoQ total HDD storage in unit shipped and 22% QoQ larger total storage capacity to 262Exabytes shipped. This show JCY is producing larger HDD storage capacity units, shipped for its end customers with better product revenue margin, even with minimum increase of 3% QoQ quantity shipped.

[Note: AI cloud & data center end-customer prefer larger HDD,SDD capacity storage unit due to better cost effective, faster, high durability + smaller size per rack storage space + better product margin/unit ship for JCY as well; a win-win for both JCY & end-customers side].

If JYC's end customers continue request for larger total storage capacity quantity build, let say increase from 3% to 10% sales order (by gradual), then its revenue increase by 3x fold multiply by +RM21mil = +RM63mil.
Sum up, total Rev= RM189mil for Q3'2024

After deduct fix operation cost RM 140mil, it become PBT=RM49mil,
after tax, PAT = RM 36.3mil (EPS =1.69sen)

Q3 2024 :
NOSI=2.140 Billion, EPS = 1.69 Sen
PAT = 2140*0.0169= RM36.26 mil
---------------------------------------------------------------------------

With limited information gather from JCY's financial quarter report + self-study research on related HDD, SDD storage memory macro news from Western Digital & Seagate toward AI datacenter data, there is no affirmative data to proof or baseline with. All calculation & assumption purely based on available data on-hand, might not be accurate.

If has other suggestion or opinions, please do share with me. That's will be highly appreciate.

Thank you.

Hi OTB,

Thanks for the re-verification. After go through my calculation, notice I was mistakenly using the wrong Q3'2024 revenue RM147mil as baseline, by suppose to use past Q1'2024 Rev=RM126mil to compare]

In summary:
Q2 2024, Rev=147M, PAT=5.35M [EPS 0.25sen]
Q3 2024, Rev=189M, PAT=36.26M [EPS 1.69sen]
Q4 2024, Rev=252M, PAT=82.88M [EPS 3.51sen]
Q1 2025, Rev=315M, PAT=129.50M [EPS 5.26sen]
Total 4 rolling quarters, Rev=903M, PAT=253.99M
EPS = 0.1071
------------------------------------------------------------------
To explain further, here is my calculation assumption, based on JCY's (Q2'2024 Rev=RM147mil, PAT=RM 5.35mil, revenue increase of 16% QoQ (+RM21mil)).

As reported in JCY's quarter prospect, the quarter revenue increase is mainly due to a increase of 3% QoQ total HDD storage in unit shipped and 22% QoQ larger total storage capacity to 262Exabytes shipped. This show JCY is producing larger HDD storage capacity units, shipped for its end customers with better product revenue margin, even with minimum increase of 3% QoQ quantity shipped.

[Note: AI cloud & data center end-customer prefer larger HDD,SDD capacity storage unit due to better cost effective, faster, high durability + smaller size per rack storage space + better product margin/unit ship for JCY as well; a win-win for both JCY & end-customers side].

If JYC's end customers continue request for larger total storage capacity quantity build, let say increase from 3% to 10% sales order (by gradual), then its revenue increase by 3x fold multiply by +RM21mil = +RM63mil.
Sum up, total Rev= RM189mil for Q3'2024

After deduct fix operation cost RM 140mil, it become PBT=RM49mil,
after tax, PAT = RM 36.3mil (EPS =1.69sen)

Q3 2024 :
NOSI=2.140 Billion, EPS = 1.69 Sen
PAT = 2140*0.0169= RM36.26 mil
---------------------------------------------------------------------------

Thank you OTB for the encouragement words.
Also thanks NickelLee on your investment sharing too.

Hi NickelLee, you are welcome. We all just shared what it the upcome data center theme that potential to be multi-baggar in coming 6mths & 2025. Hope we dont miss again, reference to Nvidia super momentum big grow throughout last 2yr, now hit 11folds from lowest price below $100, now skyrocket to $1122 and still continue to up with TP $1500 by analyst. Hope we dont miss this golden opportunity especially all data center sites building finish build and operate, then a massive grow in memory storage products for HDD & SDD especially toward end of 2024 & year 2025 onward.

I understand, this all calculation is purely based on fundamental calculation of its potential revenue & earnings profit, really depend on macro economic trend & investors/traders sentiment. It does give us a good indicator & estimation of how far JCY revenue & earning can raise as long as big economic sector trend of AI cloud & data center sales order demand is growing. Most importantly, JCY's management & factory team able to execute and deliver to hit 80% OEE KPI utilization too for next multi-baggar return.

Here is the link for better view. Thanks

https://klse.i3investor.com/web/blog/detail/JCYdoubleup/2024-06-07-story-h-159793684-JCY_Potential_JCY_revenue_can_double_up_to_RM315mil_by_next_3Qtrs_resul

Hi OTB, thanks for the kind interest to know how JCY can able to reach EPS 5sen.

Here is my compute calculation.
Refer to latest JCY's (Mar'24) quarter result, it stated revenue increased 16% QoQ, with just improved of 3% increase in quantity shipped, mainly due to 22% QoQ rise in higher storage capacity, resultant in better product mix cost margin under 50% factory utilization. This represent a very positive trend toward subsequent quarters ahead whereby majority of its products mix ship with better product margin to meet uprising Western Digital & Seagate sales order demand especially for cloud enterprise & data center .
In term of its revenue forecast projection, how can it able to hit EPS >=5sen if JCY's factory utilization reach 80% upon raising customer order demand + JCY's management team execution & delivery is calculate as below:
Reference point:
Baseline: Q2'FY24 revenue reported RM147mil, an increase of RM21mil (vs RM126mil Q1'FY24) with just 3% increase in quantity shipped for larger capacity storage product, result in earning profit of RM5.2mil which represent 0.25sen/share under 50% factory utilization.

Condition#1: if 10% QoQ quantity sales order increase for cloud, enterprise larger storage capacity with better product margin, reach JCY's 10% factory utilization to 60% OEE utilization
Then, revenue will raise from RM147mil to ~RM210mil
[increase 10% QoQ qty sales order = 3x fold revenue increase with RM21mil x3 = RM63mil], as a result of shifted of their product mix and ASP selling price increase.
Then after minus fixed RM140mil operation cost + others progressive expenses + tax deduction, it net profit should be ~RM45mil earnings, convert into EPS approximately ~1.97sen
[Reference to revenue 3% QoQ improve to RM147mil; RM21mil increase from Q1'FY24 RM126mil]

Condition#2: if raise up to 20% quantity sales order for cloud, enterprise larger storage capacity + better product margin, reach JCY's 20% factory utilization to 70% OEE utilization
Then, revenue raise from RM126mil to ~RM252mil [increase 20% QoQ qty sales order = 6x fold revenue increase with RM21mil x6 = RM126mil], as a result of shifted of their product mix and ASP selling price increase.
Then after minus fixed RM140mil operation cost + others progressive factory expenses, it profit before tax = ~RM112mil
Then after tax reduction, it net profit it ~RM82mil earnings, convert into EPS approximately 3.51 to 3.87 sen (+/- 10% variance, pick lower, conservatively)

Condition#3: if raise up to 30% quantity sales order for cloud, enterprise larger storage capacity + better product margin, reach JCY's 30% factory utilization to 80% OEE utilization
Then, revenue raise from RM126mil to ~RM315mil [increase 30% QoQ qty sales order = 9x fold revenue increase with RM21mil x9 = RM189mil], as a result of shifted of their product mix and ASP selling price increase.
Then after minus fixed RM140mil operation cost + others progressive factory expenses, it profit before tax = ~RM175mil
Then after tax reduction, it net profit it ~RM129mil earnings, convert into EPS approximately 5.26 to 6.08 sen (+/- 10% variance, pick lower, conservatively)

Hope this calculation able to give future guidance on overall JCY business revenue growth for next 6mths to 1years projection as long as AI cloud & more data center sales order demand growth + JCY's teams factory execution delivery to hit 80% OEE utilization.

If JCY sales order rise higher than expected toward 80% factory utilization earlier, then its next EPS reporting will hit >=5sen vs early estimation, riding along with Western Digital & Seagate upraising sales order HDD, SDD demand in 2H'24.

Any pullback in an opportunity to collect for next 6mth to 1yr for multi baggar return to $2.00 share price with moving positive economy trend on data center demand HDD, SDD growth.

Here is my research and finding of how to estimate its potential share price rise for JCY business revenue & earning growth throughout year end 2024 & beyond with raising AI cloud & data center.

https://klse.i3investor.com/web/blog/detail/jcy2024/2024-06-07-story-h-159822508-JCY_How_high_JCY_share_price_can_go_by_end_2H_24

Here is my research and finding of how to estimate its potential share price rise for JCY business revenue & earning growth throughout year end 2024 & beyond with raising AI cloud & data center.

https://klse.i3investor.com/web/blog/detail/jcy2024/2024-06-07-story-h-159822508-JCY_How_high_JCY_share_price_can_go_by_end_2H_24

Here is my research and finding of how to estimate its potential share price rise for JCY business revenue & earning growth throughout year end 2024 & beyond with raising AI cloud & data center.

https://klse.i3investor.com/web/blog/detail/jcy2024/2024-06-07-story-h-159822508-JCY_How_high_JCY_share_price_can_go_by_end_2H_24

WD expects Q4'FY2024 quarter revenues to be in the range of $3.6 billion to $3.8 billion, increase vs $3.46 billion last Q3'FY24 revenue. The $3.7 billion mid-point would represent a 38.8 percent annual increase, making for a $12.94 billion full year, moving into turn around year revenue growth starting 2024.


https://klse.i3investor.com/web/blog/detail/GenerativeAIstorage/2024-06-06-story-h-159819817-Seagate_Western_Digital_benefits_from_AI_Generative_AI_storage_demand

WD expects Q4'FY2024 quarter revenues to be in the range of $3.6 billion to $3.8 billion, increase vs $3.46 billion last Q3'FY24 revenue. The $3.7 billion mid-point would represent a 38.8 percent annual increase, making for a $12.94 billion full year, moving into turn around year revenue growth starting 2024.


https://klse.i3investor.com/web/blog/detail/GenerativeAIstorage/2024-06-06-story-h-159819817-Seagate_Western_Digital_benefits_from_AI_Generative_AI_storage_demand

WD expects Q4'FY2024 quarter revenues to be in the range of $3.6 billion to $3.8 billion, increase vs $3.46 billion last Q3'FY24 revenue. The $3.7 billion mid-point would represent a 38.8 percent annual increase, making for a $12.94 billion full year, moving into turn around year revenue growth starting 2024.


https://klse.i3investor.com/web/blog/detail/GenerativeAIstorage/2024-06-06-story-h-159819817-Seagate_Western_Digital_benefits_from_AI_Generative_AI_storage_demand

She only dispose of 3.1m shares, assume sold ard $1.50 price profit taking, that only mean RM4.65mil, vs before bought for 28.46mil share at $1.09. That's only 11% share sold vs previous bought before. Important now is, Notion business revenue & earning growth in next 2H'24 which determine its next level of share price uprise with shortage of HDD, SDD for coming 2H'24 as reported by Mr. Thoo.

Aim for next 2H'24, can hit $1.00 easily by next Aug quarter result after revenue increase to >RM250mil, then earning shoot up to multiple folds to RM70mil with factory utilization ~80%, then it will go higher with current shortage of HDD & SDD to support AI cloud & datacenters across many countries raising request.

Way to GO! It will be great if JCY's CEO or Chairman able to give company business revenue & earning guidance direction as of where JCY heading forward in next 2H'24 and beyond. Then we investor will have better understanding of where JCY business revenue projection going forward along with massive increase of AI cloud & data center on memory storage business sector.

In summary, net net all 3 stocks, no matter Notion, JCY & Dufu, all highly potential as the HDD, SDD storage memory is booming to another new level we have not seen before with massive expansion of AI cloud & data center infrastructure sector require for memory storage. Expert, banker, analyst across globe reported AI infrastructure & data center will boom till year 2030 and beyond with total $12trillon business growth (>27% CAGR till year 2030) return. That's super massive return.. imagine Notion hit $8.00, JCY $5.00, Dufu $10.00 in next 5years down the road based on business revenue growth, no speculation here.

FYI, expert also reported demand for data centers is very strong across Southeast Asia, where societies are rapidly going digital. "Some companies still have their regional or global headquarters in Singapore, but they are expanding their data center portfolio into countries like Malaysia, Indonesia, Vietnam, Thailand, and even the Philippines, due to cost considerations"

I believe Notion will stay firm at 1.50 range as last 3 days (Thur till Today), there are surge in major buyers volume collecting at 1.49 to 1.60, all small retailer that sold their stock had been eating up, new round of long term buyers are collecting for next round price appreciation for next TP $2.00 physiological level.

Per Notion chairman's statement in report, Notion experience very strong demand in recent months and this will continue in next 5 years or more, drivne by ned demand in generative AI data. He also mention he anticipate exciting times ahead for Notion Vtec's HDD segment, which in short term contribute abount 30% to group revenue. Plus upcoming South Korea's automotive business 35% growth + alrady on board few new customers in EMS for 30% grow. Net net, it is a very powerful revenue in coming 2H'24 result. Just hold and gradually collect as it goes, not miss again this another big massive multi-baggar return for next 5years down the road as what he confidence stated in last The Edge interview.

It seem like Notion = Hartalega, Dufu = Topglove & JCY = Supermax during Covid time. Notion going efficient, stable & well diversify business with CAGR 43% growth, same to JCY & Dufu going to next boost profit after next 2H'24 quarter result show massive spike in revenue growth. It is a good sign to continue buy and hold it for many years to come as long as AI cloud & datacenter business is expanding and growing, further boost memory HDD & SDD in next level we never see before. Keep holding for multi-baggar return.

It seem like Notion = Hartalega, Dufu = Topglove & JCY = Supermax during Covid time. Notion going efficient, stable & well diversify business with CAGR 43% growth, same to JCY & Dufu going to next boost profit after next 2H'24 quarter result show massive spike in revenue growth. It is a good sign to continue buy and hold it for many years to come as long as AI cloud & datacenter business is expanding and growing, further boost memory HDD & SDD in next level we never see before. Keep holding for multi-baggar return.

I m collecting Notion share at $1.49 now even I hold huge chunk shares of Notion. What's other high potential Bursa stock that rise along with global HDD storage customers tier1 supply chain with raising AI cloud and data center massive growth business.

https://klse.i3investor.com/web/blog/detail/notionvtec/2024-05-28-story-h-160714258-Notion_Vtec_s_well_diversified_RM1billion_revenue_target_by_FY2026_CAGR

I believe some investor might not read my research and finding from what Mr. Thoo, Executive chairman during TheEdge interviewed session last week. This prediction of $3.00 and beyond still not factor in the massive opportunity revenue create from AI cloud & data center yet for Notion. This revenue is purely on new existing & new catalyst business for Notion instead only, that already potential boost to Rm1bil revenue generated, starting FY25 and will report real core revenue but FY26 alone.

Imagine what happen if you include AI cloud & data center massive increase sales order and better ASP price for all Notion , JCY & Dufu bring towards it's revenue in 2H'24... What's that will happen as more and more big giants corporate Nvidia, Microsoft, Google committed to invest total Rm30billions+ and more to come in Msia to build data center here. What the future ahead for data center which contribute to data storage of HDD & SDD throughout now till year 2030? That will be a blowout massive revenue for all related Western Digital, Seagate & other tier2 , tier3 supply chain.

Do the maths, that you know why Notion, JCY & Dufu their huge potential of revenue growth.

https://klse.i3investor.com/web/blog/detail/notionvtec/2024-05-28-story-h-160714258-Notion_Vtec_s_well_diversified_RM1billion_revenue_target_by_FY2026_CAGR

I believe some investor might not read my research and finding from what Mr. Thoo, Executive chairman during TheEdge interviewed session last week. This prediction of $3.00 and beyond still not factor in the massive opportunity revenue create from AI cloud & data center yet for Notion. This revenue is purely on new existing & new catalyst business for Notion instead only, that already potential boost to Rm1bil revenue generated, starting FY25 and will report real core revenue but FY26 alone.

Imagine what happen if you include AI cloud & data center massive increase sales order and better ASP price for all Notion , JCY & Dufu bring towards it's revenue in 2H'24... What's that will happen as more and more big giants corporate Nvidia, Microsoft, Google committed to invest total Rm30billions+ and more to come in Msia to build data center here. What the future ahead for data center which contribute to data storage of HDD & SDD throughout now till year 2030? That will be a blowout massive revenue for all related Western Digital, Seagate & other tier2 , tier3 supply chain.

Do the maths, that you know why Notion, JCY & Dufu their huge potential of revenue growth.

Patience and continue hold firm strong recovery+ structural change company like Notion Vtec pay well in years to come.. Now, Google, Nvidia & Microsoft onboard with massive total investment of Rm30bil total, big impact to AI cloud and data center as Msia become premier hub for data center AI base.

I share all based on what data, figure & projection of Notion's CEO shared in public listed Bursa. There are no bullshit, lie, talk cock, speculation or biased. All purely based on data & figure to justify the stock selection and it power of selecting the correct, golden 'Gem' stock with high potential growth when opportunity come.

Congrat to those people who bought Nvidia & other related tier1 US based AI companies and hold till now, that 10x fold gain is tremendous awesome gain in just last 2years ago after OpenAI ChatGPT open the eyes of what AI can do & bring massive economy growth.

Now majority tier 1 AI related stock share price raise way high & up-to-now still undervalued based on core earing forward PE valuation less than 30. Let us hunt and find 2nd to 3rd tier AI related stock that has massive potential growth. Dont again miss the train again for next boom in later year 2025 onward once AI technology mature

Let us review why Notion Vtec can hit $3.00. Based on latest Q2'FY24 (Mar) qtr result, EPS was 2.72sen. If refer to what Mr. Thoo's high confidence predict that Notion revenue achieve RM1bil by FY26.

Q2'FY24 (1 Qtr) = EPS 2.72 x 4 Qtrs = 10.88 sen,
let assume per Mr. Thoo's prediction, based on estimation of Notion's revenue increase 3x folds from RM342mil FY23 to RM1bil FY26, assume all remain the same, multiply with 3x folds; that in total are EPS 32.64sen by FY26.

Let say, if PE 10, that share price is $3.26
if PE 15, that Notion's share price is $ 4.89
if PE 20, that Notion's price is $ 6.52

This all calculation method still have not factor in the uprising of AI cloud & datacenter storage theme which require massive HDD, SDD storage capacity yet. If does, this will extra boost Notion, JCY, Dufu sales orders demand to next level with higher ASP price to meet surge in AI cloud, data center requirement.
Likewise, we all knew starting April'24 mth, both Western Digital & Seagate stated clearly will increase all HDD & SDD's ASP price ~15% to meet raising demand order.

Better catch up this train now, hold firmly and dont miss this opportunity again and regret later like what Nvidia share price shoot up, 10x foldS to $1139 by playing timing, end up lose the big surge in appreciation share price. Just wait and hold firmly, let it roll up as long as business revenue growth, fundamental is intact.

Yes, patience is the key to big multi baggar return. Actually review closer, Notion Vtec does able to hit $3.00 easily by next FY2026 as what Mr. Thoo confidence to achieve RM1bil revenue target by FY2026 soon after new venture aluminium extrusion & machining business venture secured & major impact on revenue by FY25, with RM500mil/annual, then double up to RM1bil revenue annually by FY26.

Good news that, this still not factor in the uprising AI cloud & datacenter storage which further increase its revenue on higher sales orders, better ASP price for next many years to come. Price increase to $3.00 seem doable with better & secure revenue + diversify portfolio business growth.

I believe this is a good investment to stay firm & hold for long term duration if aim for multi-baggar return.

With more HDD, SDD memory storage a MUST require for firm AI cloud & datacenter expansion till 2030, direct JCY, Notion & Dufu revenue will improve alot in next 2nd half 2024. I prefer Notion as it does benefit from AI data center grow with well secure diversify business venture. Plus it already been proven in last Q2'FY24 (Mar'24) quarter result that its EMS revenue is double up >100% YoY + additional 30% revenue up across all 3 segments business (HDD, Automotive & EMS) in 2H'24. On top of that, there also in advanced negotiation big Chinese customer for it new venture Aluminium extrusion & machining business with RM500mil/annual revenue. That's huge boost to Notion in years to come, in addition benefit from HDD sales order increasing from AI cloud, data center. Stay invest & know what you invest in for multi baggar return.

Here are the summarize TheEdge column interview with Notion Vtec on its projection. It well good, now Notion is well diversify business portfolio, future is secure with more business venture across especially on EMS & upcoming big business 'Aluminium extrusion & machining venture [New catalyst]', accelerate its business revenue to 3x fold by FY2026.

https://klse.i3investor.com/web/blog/detail/notionvtec/2024-05-28-story-h-160714258-Notion_Vtec_s_well_diversified_RM1billion_revenue_target_by_FY2026_CAGR

I extracted from IB research report & reference to those reliable source data from Trendforce, Forbes & Business insight, summarize the key essence of their data, forecast & prediction business. It good to know & align to what expert predict the memory market & confirm the upraising of continue ASP memory price reflect to surging AI sales order up. Plus the HDD & SDD ASP price does surge higher especially during 2024 onward as all major giant companies (Google, Amazon, Meta, Microsoft) spending $200bil in total for year 2024 alone to secure their competition in AI cloud market. Expert research predict year 2024 till 2026 will hit $1Trillion dollar spend on AI infrastructure cloud & enterprise business.

Notion business reported high sales order & revenue increase of +19% & PAT earning rose sharply + 75% despite CNY holiday & short Feb'24 mth (short delivery output), driven by higher sales orders demand. Imagine in coming CQ2'24, there will be surge increase of production output & delivery, not affected by seasonal holiday. I believe there will be higher profitable earning with huge order sales output in cloud and enterprise computing for AI machine data storage, beneficial to HDD due to better cost vs TB/storage data. Expected next quarter result of CQ2'2024 will hit RM150mil revenue & PAT earning RM20mil (EPS 3.88sen).

There is another increase of HDD ASP price of ~10% in CQ2'24 due to shortage of HDD memory on raising customer order demand in recent Western Digital report notified their customer of the ASP price increase, same applied to Flash & SDD with ~15% increase as well. Before that, from 3Q23 to 1Q24, HDD prices increased by 10% to 20% overall, due to AI market demand swing cause supply of HDD outbalanced demand move into few quarters ahead driving prices higher per industry sources report in Forbes, TrendForce & Business Insight.

Likewise, SSD market is also facing supply shortages, especially in the enterprise SSD segment. TrendForce predicts a strong increase of about 13-18% in NAND Flash contract prices in 2Q24, with enterprise SSD contract prices expected to increase by 20-25% QoQ, representing the highest among all product lines.

In summary, both HDD & SDD are well moving into good projection earning forecast result throughout many years to come as long as AI market grow in expansion mode toward year 2030 with CAGR 36.6%. Happy investing!

Oil sector is shortage of FPSO oil tanker, tight supply and continue bullish outlook set for year 2024 execution phase until 2027 as reported by oil industry analysts. Armada will continue to capitalize on growing demand for FPSO demand, evidence on gaining more contract, securing FPSO full bareboat charter rates, 7years charter extension, pipelay vessel new contracts & upcoming new FPSO contract wins. I believe the chances to secure & get final acceptance contract awards is high due to less FPSO companies beside Armada & Yinson. Let's see the upcoming Qtr result report out, expected 24th May.