Thank for your concern.
Read my statement again. The key words is "Iris Mgt could strike the iron while it is hot to announce strategic alliances & collaboration for e-passport, automated border control (ABC) and attendance & security management solutions (ASMS), Ai & Digital Economy for Government & Data Centers with Chinese partners for countries under Belt and Road cooperation network through its International JV partner such as Aitken Spence Pte. As China is ready to work with Malaysia, to build a China-Malaysia community — Premier Li Qiang'. Iris is a developer of smart devices & smart kiosks for Border Security & Control which would incorporate elements of Ai? Iris can work with potential chinese partners with the required technology to enhance it's Border Control Solutions & Systems?
https://www.iris.com.my/smart-kiosks/
https://www.iris.com.my/smart-card-reader-devices/

"Premier Li said China would also expand trade and investment with Malaysia, broaden cooperation in areas such as logistics, new energy, artificial intelligence, digital economy and railway equipment, as well as step up cooperation on poverty reduction, to better achieve mutual benefits.'
https://theedgemalaysia.com/node/716037

Good Morning Friends & Gentleman!
After yesterday's Rebound, Today is another good day for Iris. Dr. Poh and substantial shareholder Dato' Sri Robin could take a leaf from TSVT to Strike the Iron while it's hot to announce strategic alliances & collaboration for e-passport, automated border control (ABC) and attendance & security management solutions (ASMS), Ai & Digital Economy for Government & Data Centers with Chinese partners for countries under Belt and Road cooperation network through its International JV partner such as Aitken Spence Pte as China ready to work with Malaysia, to build a China-Malaysia community — Premier Li Qiang,'

By Bernama / Bernama
18 Jun 2024
https://theedgemalaysia.com/node/715869
https://www.enanyang.my/node/609629
https://theedgemalaysia.com/node/708900

'Premier Li said China would also expand trade and investment with Malaysia, broaden cooperation in areas such as logistics, new energy, artificial intelligence, digital economy and railway equipment, as well as step up cooperation on poverty reduction, to better achieve mutual benefits.'

Kobay will be a beneficiary of Govt's RE funding?

https://www.thestar.com.my/business/business-news/2024/06/20/re-industry-poised-to-receive-huge-amounts-of-funding

Yes! Follow EPF/KWAP to Sell Myeg on News! Buy on Rumours!. For those who already took profit? Remember Pestech Aerotrain contract termination? Government is good at backtracking as Pestech is currently back on Aerotrain Project in JV with IJM. Iris substantial shareholder Dato' Robin's father is TSVT who enjoys good relationship & lobby with present Govt & Royalty. Iris could also comeback into Niise Project through a JV with the successful bidder as Immigration is still using Iris Border Security Management Equipment & Systems. Arbitration with Government on quantum of compensation for Iris on Niise termination is also ongoing? Otherwise why the long delay to announce the successful bidder?
https://www.freemalaysiatoday.com/category/nation/2024/01/19/no-govt-interference-says-loke-as-pestech-back-in-aerotrain-project/

Companies in building material sector deliver improved earnings
Wednesday, 19 Jun 2024

Kenanga Research said stocks under its coverage had either beat or met forecasts.

PETALING JAYA: Companies operating in the building material sector reported a significant improvement in earnings in the recently concluded first quarter 2024 (1Q24) reporting season, according to Kenanga Research.

The research house pointed out that stocks under its coverage had either beat or met forecasts.

“Engtex Group Bhd and United U-Li Corp Bhd met our expectations as they shook off margin suppression from high-cost inventories.”

"Meanwhile, it said water pipe makers are poised for exciting times ahead on the revival of water projects."
https://www.thestar.com.my/business/business-news/2024/06/19/companies-in-building-material-sector-deliver-improved-earningsl

Good news for Kobay & E&E Businesses!
https://www.nst.com.my/business/economy/2024/06/1065492/oxford-economics-malaysia-benefit-electronics-recovery-second-half

Morning Friends & Gentleman! Kobay is the Comeback King! Accumulate on any weakness and let's see how high Kobay rebounds by end of today as Bursa is Bullish together with Dow Jones powered by Tech & E&E stock such a Nvidia?
https://www.nst.com.my/business/corporate/2024/06/1065382/us-stocks-hit-fresh-record-nvidia-becomes-most-valuable-public

Substantial shareholder of Iris Robin Tan, good relationship with PMX & DPM2?

https://thesun.my/local-news/berjaya-group-donates-rm2m-to-palestine-fund-NC11648476

Kobay to benefit from E&E, Aerospace & RE solar power projects from China Premier's Visit.

Malaysia, China likely to discuss wide range of issues to enhance economic collaboration - experts L

He said that apart from further consolidating existing links and identifying new sectors for cooperation, Anwar and Li are anticipated to facilitate the growth of Malaysian commodities, such as palm oil and durian-related products as well as enhance technology cooperation, which has been on the rise in recent years.

"Other new areas of focus may include aerospace, communications and green energy sectors," he said.

China has been Malaysia’s largest trading partner for 15 consecutive years since 2009. Last year, total trade with China was valued at RM450.84 billion (US$98.80 billion), contributing 17.1 per cent to Malaysia’s global trade.

Discussions on renewable energy on the cards

Echoing Abdul Majid’s views, Anthony said as both Malaysia and China are investing in clean technologies like solar, wind and hydro power, discussions on renewable energy are likely to be held to harness the green technology besides merely focusing on technology.

https://www.thestar.com.my/business/business-news/2024/06/18/malaysia-china-likely-to-discuss-wide-range-of-issues-to-enhance-economic-collaboration---experts

More pipes are needed for Perak to Penang Water Transfer Project!
https://www.malaymail.com/news/malaysia/2024/05/30/perak-water-project-penang-ready-with-reservoir-sites-pipes-says-state-infrastructure-chairman/137220

Foreign investment in the semiconductor industry increases, and Penang’s technology and construction industry is booming

Nanyang Sun, Jun 16, 2024 09:45pm

Kobay is one of the beneficiary under engineering support.
https://www.enanyang.my/node/609320

Good news for Engtex with RM4 Billion allocation by Government for water distribution from Sungei Perak to Penang!

Why Engtex?
#Engtex is the only maker of large-diameter MS pipes of up to three metres in Malaysia, used in upstream water supply projects.
#It is one of only two producers of ductile iron (DI) pipes locally (the other being Penang-based YLI holdings Bhd). Highly corrosion- resistant, DI pipes are widely used in water distribution.
https://www.nst.com.my/news/nation/2024/06/1063914/pm-govt-approve-funding-water-distribution-project-bukit-merah-dam

Congrats to those who believed in my Recommendation. Apparently Big Bro Yeo & Supporters has lent their support! If you have the time pls have a look at my other recommendations for Iris, Kobay & Engtek.

Very strategic decision for those already taken profit. Rather than being stuck here incurring unnecessary Opportunity Cost. Free up your capital and make your money works by accumulating Kobay, Iris for Tech & DC play or even Engtex for Water & DC play on any weakness? After reaping good returns, you can't go wrong by coming back later like "Mr. Wong" or EPF?

@BLee thanks for your vote of confidence on Iris
@Konnichiwa Can't post the link directly on Iris DCF Valuation of RM2.19 and Use of Retained Earnings to Offset Accumulated Losses (maybe special case for Iris as need a Court Order approval during consolidation process?) as blocked by KLSE Forum for some reason? However Google is our friend, just search for Iris Sxmply Wall Street for the complete analysis on Iris. *Note remember to change x with i for Sxmply after Iris to get around this block

Happy Trading Friends & Gentleman

Thanks for your additional positive inputs & concerns on Iris. We are only sharing knowledge & analysis at KLSE Forum for the benefit of current & future investors to make an informed decision since Iris Mgt has been strangely quiet on these?. Here are the updated Key Takeaways On Iris so far:

#Iris currently has a very good return of 3.95 sen over present market price, with more than 10% returns.
#Iris Mgt has also performed a good Share Consolidation with Share Capital adjustment (Capital reduction pursuant to Section 116 of the Companies Act 2016 where retained earning of 610,759k was used to offset Accumulated losses (430,000k), resulting in a gain of 180,759k in the Balance Sheet. Cash flow has also improved by 135%, with cash & cash equivalents increasing from 104,801k to 142,029k.
#Iris is still a profitable business even without income from Niise. Refer latest 4th Qtr. & 12 months ended 31 March, 2024 results.
#Arbitration is ongoing with Government to negotiate the quantum of compensation for Iris due to unilateral termination of Niise Contract.
#Iris has good chance on winning the Niise Arbitration Award from Government of at least RM231.5 million or more?
*Note: Awantec has won a suit against the Government for the unilateral termination of Sistem Kawalan Imigresen Nasional (SKIN) project the predecessor of Niise with an award of RM231.5 million.
https://www.nst.com.my/business/corporate/2024/03/1025629/kl-high-court-orders-government-pay-awantec-rm2315mil-terminating

RECOMMENDATION:
Take advantage of current Technology & DC connected stock play. Collect Iris as much as possible on any weakness, as Iris is on the verge of a breakout! Don't let sharks collect cheap from stale bulls & weak holders. For retailers with paper loss, now is the best time to average down Iris with minimum risk. With a clean Balance Sheet, good Cash Position, Little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher than current price of 0.42 when it's Fair Value is actually RM2.19 base on DCF model calculation provided by Analysts. TP 0.60 & beyond is still on track!

Don't miss the Show! Accumulate on any weakness! Iris will be a beneficiary of Technology & DC play, if Iris announce any collaboration with Theta since common shareholders like Dato' Robin & Farsha in Iris & Theta? Another Breakout is waiting to happen since Market is very Bullish?

https://www.thestar.com.my/business/business-news/2024/06/13/bursa-malaysia-opens-higher-boosted-by-strong-wall-street

If you look at Share Price vs Fair Value & What is the Fair Price of IRIS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Using this DCF model Iris is 80.8% Undervalued! as current share price only 0.42 when it's fair value is RM2.19!

Just tell me what you don't understand???

Konnichiwa

"you are paying Iris worth 1.76 for only 44 sen, so there is room for more upside. When price reach 50 sen, you are acquiring Iris worth RM2. At 60 sen, Iris is worth RM2.40 and so on"

laulau, do you understand what are you saying or not? LOL

Friends & Gentleman can Kobay the comeback King go RM3 in this Bullish market?

pang72

Another great rebound stock is KOBAY after bro James heavy selling..

Let's go $3

Jun 12
Engtek is now 23% undervalued as currently trading at only RM1.07.
#The fair value is estimated to be RM1.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
#Revenue has grown by 11% over the last 3 years with profit for 5 consecutive Qtrs with latest Qtr. 1 earning 9.4 million.
#Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 237% in the next 2 years.

Many Sharks who shorted Engtek to flush out weak holders & day traders, wants to buyback your shares cheap! Accumulate Engtek on any weakness as:

Forecast Annual Revenue Growth
Data for Engtex are as follow:

#Earnings vs Savings Rate: ENGTEX's forecast earnings growth (38.7% per year) is above the savings rate (3.6%).
#Earnings vs Market: ENGTEX's earnings (38.7% per year) are forecast to grow faster than the MY market (12.3% per year).
#High Growth Earnings: ENGTEX's earnings are expected to grow significantly over the next 3 years.
#Revenue vs Market: ENGTEX's revenue (6.6% per year) is forecast to grow faster than the MY market (6.1% per year)

Asiaply has developed Asiapoly Business Park in Semenyih, multi storey shoplots princing starts from RM2.5 million to 4.4 million each?. It also has about 5 acres of prime land purchased many years ago at 24 million located around Jalan Kapar near Klang? The land value should be worth more now after development?
https://www.hrlasiapoly.com.my/

Bursa is Bullish today!
Recommendation
Accumulate Asiaply on any weakness. With good Revenue Growth, Recurring Income from Hydroplant RE Business, NTA of 13 sen and Big Landbank for property ventures, Asiaply should revisit 15 sen & 17.5 sen soon once the roadblock at 0.12 sen is broken.

Today will be a good day for Bursa! Iris will benefit for Singapore-Johore Economic Zone & Johor based DC Hubs with completion of successful visit by Singapore PM yesterday.
https://www.nst.com.my/business/economy/2024/06/1062900/sp-500-nasdaq-records-despite-fed-seeing-fewer-rate-cuts-2024

RECOMMENDATION:
Take advantage of current Technology & DC connected stock play. Collect Iris as much as possible on any weakness, as Iris is on the verge of another breakout! Don't let sharks collect cheap from stale bulls & weak holders. For retailers with paper loss, now is the best time to average down Iris with minimum risk. With a clean Balance Sheet, good Cash Position, Little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher as already visited 0.44 Sen!. Soft target is 0.50 followed by 0.60 & beyond is still on track!

I also like Kenanga's Buy Call with TP of 1.41. At current price there is a 34 sen upside with proposed 3 for 4 Bonus Issue?

Engtex Group - Proposed 3-for-4 Bonus Issue
Source : KENANGA, Price Call : BUY, Price Target : 1.41
Last Price : 1.07, Upside/Downside : +0.34(31.78%)

Yes! The worst is over as Engtek has completed disposal of Treasury shares yesterday.
Recommendation.
Accumulate on any weakness. I like Icon 888's TP, first TP already achieved next should be within the range of 1.30~1.50?

Icon 888

1st target- rm1.20
2nd target- rm1.30
Final target- rm1.50
Heng ong Huat

Engtex Benefits from Revival of Water Infrastructure and Water Cooling needs of Data Centers.
https://www.klsescreener.com/v2/news/view/1340101

Why Engtex?
#Engtex is the only maker of large-diameter MS pipes of up to three metres in Malaysia, used in upstream water supply projects.
#It is one of only two producers of ductile iron (DI) pipes locally (the other being Penang-based YLI holdings Bhd). Highly corrosion- resistant, DI pipes are widely used in water distribution.
#Ranhill Utilities under YTL Power will need Engtek's large diameter MS pipes & ductile iron (DI) pipes for its upstream water supply projects & ductile iron (DI) pipes widely used in water distribution to give YTL Power access to exclusive Johor water operations allowing it to capitalise on prospects from the Johor-Singapore Special Economic Zone and potential demand from Johor’s data centre hubs.
#Year to date, Engtex has secured new contract wins of RM151 million from the Sungai Rasau Treatment plant's main contractors i.e. Gamuda Bhd (for Package 1) and Taliworks Corporation Bhd (for Package 2 and 3).
https://www.nst.com.my/business/2022/11/848187/revival-water-infrastructure-projects-boon-engtex

#YTL Power acquiring control of Ranhill Utilities.
It noted that Ranhill Utilities would give YTL Power access to exclusive Johor water operations allowing it to capitalise on prospects from the Johor-Singapore Special Economic Zone and potential demand from Johor’s data centre hubs. Additionally, it said the synergistic expertise in water operations could drive further efficiency of Ranhill Utilities’ Johor water business.
https://themalaysianreserve.com/2024/06/04/ytl-power-acquiring-control-of-ranhill-utilities/

YTL Subsidiary SIPP Power takeover Ranhill Utilities.
TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) | https://www.klsescreener.com/v2/announcements/view/7170643

Looks good to me. Hint Data Centers needs lots of water for cooling data strorage facillities? YTL subsidiary SIPP Power takeover Ranhill Utilities.
Engtex can supply all the piping needs for all Data Centers in Malaysia and the World.

Even YTL Power sees the need to acquire Ranhill Utilities for water cooling needs of Data Centers?
https://www.thestar.com.my/business/business-news/2024/05/30/ytl-powers-ranhill-acquisition-a-positive

https://www.vertiv.com/en-asia/solutions/learn-about/liquid-cooling-options-for-data-centers/

This is a calculated Risk backed by many feel good factors for Kobay as mentioned above.
Remember The Bigger the Risk, The Bigger the Returns!
Procrastination is the enemy of success.” — ...
“He who awaits much can expect little.” — ...

Operator is currently accumulating Iris at 44 sen since Nta 46.5 sen, is value for money. In actual fact, you are paying Iris worth 1.76 for only 44 sen, so there is room for more upside. When price reach 50 sen, you are acquiring Iris worth RM2. At 60 sen, Iris is worth RM2.40 and so on. For long time shareholders, it makes sense to follow Operator to average down before the next pump?
RECOMMENDATION:
Take advantage of current Technology & DC connected stock play. Collect Iris as much as possible on any weakness, as Iris is on the verge of another breakout! Don't let sharks collect cheap from stale bulls & weak holders. For retailers with paper loss, now is the best time to average down Iris with minimum risk. With a clean Balance Sheet, good Cash Position, Little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher as already visited 0.44 Sen!. Soft target is 0.50 followed by 0.60 & beyond is still on track!

Volume will come when you least expect it! Accumulate on any weakness as Foreign Funds looking to invest will come. Iris has done a good job so far.

Foreign funds are coming!
https://www.nst.com.my/business/corporate/2024/06/1061997/foreign-investors-pumped-rm7b-malaysian-equities-debt-securities

Correction over? Operators has done many rounds of washing to flush away stale bulls & weak holders! Kobay will benefit from planned US Tariff increase from 25% to 50% for E&E products just like gloves sector

Apart from diversification into Healthcare Business, Kobay Technology benefits from Semiconductor, E&E demand surge due to US Planned Tariff increase to 50% from 25% for China made E&E products imported into US Market.
Kobay will start electronic manufacturing system (EMS) and solar panels soon. Kobay is ready to manufacture aluminium frames for solar panels as the renovation and installation of its new 15-acre plant dedicated to renewable energy-related business had completed.

Kobay will be a beneficiary of US's tariff increase from 25% to 50% on China made solar cells modules/aluminium frames, as according to a White House statement: The tariff rate on solar cells (whether or not assembled into modules) will increase from 25% to 50% in 2024. The tariff increase will protect against China's policy-driven overcapacity that depresses prices and inhibits the development of solar capacity outside of China like Malaysia (Kobay)
*Note: US to Hike Tariffs on China Imports:
Steel and aluminium: The tariff rate on certain steel and aluminum products under Section 301 will increase from 0-7.5% to 25% in 2024.
Semiconductors: The tariff rate on semiconductors will increase from 25% to 50% by 2025.
https://www.fastmarkets.com/insights/biden-hikes-tariffs-on-chinese-imports-steel-aluminium-electric-vehicles-among-sectors-targeted/#:~:text=Semiconductors%3A%20The%20tariff%20rate%20on,%25%20to%20100%25%20in%20202

Rpecommendation:
Kobay shares are tightly held by substantial shareholders. Since weak holders and retailers already flushed out and most substantial shareholder's holding cost is RM4 or above? not many are willing to sell at current price. Operators will go for the lower hanging fruit of RM3 before next TP4~4.50. The next run-up will be fast & furious! Accumulate on any weakness and we wait for the Breakout to the next wave of buy by market & Foreign Funds such as Dimensional Fund etc.
https://theedgemalaysia.com/node/713761

Yes! Let's do another Breakout!

RECOMMENDATION:
Take advantage of current Technology & DC connected stock play. Collect Iris as much as possible on any weakness, as Iris is on the verge of another breakout! Don't let sharks collect cheap from stale bulls & weak holders. For retailers with paper loss, now is the best time to average down Iris with minimum risk. With a clean Balance Sheet, good Cash Position, Little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher as already visited 0.44 Sen!. Soft target is 0.50 followed by 0.60 & beyond is still on track!

Those who already made money from Vstecs today, can also grab some cheap Iris as time for another Breakout? Only small roadblock at 0.45, immediate target at 0.50 followed by 0.60 should not be an issue in a Bullish Market?

Can we break 4.20 today?

Very strategic decision, rather than being stuck here incurring unnecessary Opportunity Cost. Free up your capital and make your money works by accumulating hot stock Iris, Vstecs or even Asiaply. After reaping good returns, you can't go wrong by coming back later like "Mr. Wong" or EPF?

@VincentTang

Sell all MYEG to buy Iris. Iris will hit RM1.5 by end of 2024.

The Case For Asiaply Group's Re-evaluation by Market
#Asia Poly Industrial
Sdn. Bhd.
A pioneer in the production of a broad variety of high-quality cast acrylic sheets, recognised globally by the trademark A-Cast®.
#Asia Poly Green Energy Sdn. Bhd.
Leading Malaysia’s sustainability growth through strategic investments toward renewable energy and environmental initiatives.
#High Reserve Land Sdn. Bhd.
The forefront of Asia Poly’s property ventures in developing strategic business centers.
https://asiapoly.com.my/

If we review the last year of revenue growth, Asiaply posted a terrific increase of 20%. The strong recent performance means Asiaply Mgt lead by Dato' Yeo was able to grow revenue by 38% in total over the last three years. So we can start by confirming that Asiaply has done a great job of growing revenue over that time.

Comparing that recent medium-term revenue trajectory with the industry's one-year growth forecast of 5.5% shows it's noticeably more attractive. Considering around half the companies operating in Malaysia's Chemicals industry have price-to-sales ratios (or "P/S") above 1.5x, you may still consider Asia Poly Holdings Berhad as an solid investment opportunity with its 0.7x P/S ratio.

The Key Takeaways
Asia Poly Holdings Berhad's stock price has surged recently, but its P/S of 0.7x still remains modest with a Debt to Equity ratio of 54.3% and big landbank in Semenyih & Klang for property ventures & development. While the price-to-sales ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of revenue expectations.

Recommendation
Accumulate Asiaply on any weakness. With good Revenue Growth, Recurring Income from Hydroplant RE Business, NTA of 13 sen and Big Landbank for property ventures, Asiaply should revisit 15 sen & 17.5 sen soon once the roadblock at 0.12 sen is broken.

Yes! Once resistance 44 sen is broken we should visit 50 sen soon?
* Note: Most substantial shareholders cost price is around 44 sen (i.e. 11 X 4 sen)

Don't miss! Better grab your tickets! 3rd wave really coming!

KUALA LUMPUR (June 10): UOB Kay Hian has initiated coverage on VSTECS Bhd (KL:VSTECS) with a “buy” rating at RM3.83 and target price of RM5.02, and said the stock is reaping the fruit of its rapid expansion.

In a note on Monday, the research house said that in addition to the organic growth from the device refreshment cycle, VSTECS is also enjoying low-hanging fruits from the burgeoning data centre expansion and cloud migration in Malaysia.

UOB KayHian said that VSTECS, as Starlink’s authorised distributor, will provide internet connectivity to Tier 2, 3 and 4 cities, rural areas, and East Malaysia using Starlink’s low earth orbit (LEO) satellites.

It said this initiative supports the government’s goal of 100% internet penetration.
https://theedgemalaysia.com/node/714774

No news! is good news! Iris Boleh! Nothing is impossible in Bolehland! Let's ride the waves together. If Notion Vtec can shoot from 29.5 sen to 1.62 only on DC! Nothing can stop Iris with Nta of 47 sen to limit up from 43 sen to 1.70 with Theta? Iris already reached 43 sen, soft target is 50 sen followed by 60~1.70 once news of Theta Iris collaboration is out! Dato' Robin & Farhash is happy with Government Institutional support like Tabung Haji, Johor Corporation and Foreign Funds already here!

Yes! Bull Eyes! Buy while still cheap! Third wave 🌊 is coming! Even the Eagle has landed!

@ken
Cables, PC, storage.. etc, datacentre consumable.. will be purchased locally. Vstec just hit on bull eye ..

Recommendation.
Accumulate on any weakness since most weak holders has been flushed out. After last week's Breakout to 0.11, once Market & Foreign Funds are alerted! It's time for Asiaply to retest 0.15 followed by 0.175 and thereafter in a Bullish Market?

Key Takeaways On Asiaply

It's time to Rerate Asiaply by a Bullish Market!
Asiaply has improved it's Revenue by 13% & narrowed loss by 47% compared to 1Q 2023 with Plant Automation, Higher recurring income from Hydro Plant RE business, lower MMA price & better profit margin from Exports with stronger RM.
Asiaply Mgt. has done a good job to turnaround it's Business. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.

First quarter 2024 results:
#Revenue: RM33.2m (up 13% from 1Q 2023).
#Net loss: RM1.18m (loss narrowed 47% from 1Q 2023).

Already Breakout! Yes! Buy Low & Sell high! Something must be up when Director Lim buys again from open market! Latest Qtr. already shows promising improvements, next Qtr will profitable soon? Will History Repeats?
#New production lines committed to new buyer/contracts.
#MMA resin price is down.
#Increased exports overseas
#Asiapoly Green - Increased income from renewable energy supply to TNB.

Bursa now very bullish & Foreign Funds are here. If operators are willing to sell cheap just accumulate on weakness. The benefit outweighs the risk since retail only holds 20%, balance are held by substantial shareholders including Institutions, EPF & KWAP will support Govt's RE initiatives as mentioned above.
Recap.
#Kobay has been making profit for 3 consecutive Qtrs., with Profit of RM5.84M on a Turnover of RM87.79M for Qtr. 3.
#Earnings vs Savings Rate: KOBAY's forecast earnings growth (60.4% per year) is above the savings rate (3.6%).
#Earnings vs Market:
KOBAY's earnings (60.4% per year) are forecast to grow faster than the MY market (12.1% per year).
#High Growth Earnings:
KOBAY's earnings are expected to grow significantly over the next 3 years.
#The 2 new projects, namely EMS and solar frame should be operational and generating income from next quarter onwards.
#There is a relatively healthy outlooks for aerospace and O&G divisions.
#Solar segment. The group is ready for its venture into the manufacturing of aluminium frames for solar panels for renewable energy-related business. #Kobay has already completed the renovation and installation of the new 15 -acre plant dedicated for renewable energy-related business. The prior delay from authorities’ approvals has been rectified and the factory is now successfully connected to the electric power after the substation upgrade by TNB. The anodizing line has been set up and currently the factory is ready to run for production.
#EMS. Recall that Kobay invested RM20m in Innospec, a new SMT services subsidiary, to provide end-to-end complete solution for ADS. Kobay has already been qualified by customers in 2QFY23 and is currently awaiting orders to be released to kick start production. At this juncture, the group just secured 2 customers with revenue guidance of about RM1m monthly. Despite the minimal contribution Kobay’s main aim is to utilize the readily available SMT line and achieve breakeven.
#Advance data server. Demand has improved as bitcoin price has more than doubled from breakeven price of USD27k to 67k as of June 2024.
#Property and pharmaceutical. Property development is expected to deliver positive performance on the back of the completion of its maiden Langkawi project.
#Pharmaceutical shall continue to work on widening its product range, along with cost control efforts to improve profitability and market competitiveness. The division is looking to expand its business in nutrition/supplement that could garner higher margin.

Not much profit taking is a very positive sign of Market confidence on Iris financial performance. Accumulate on any weakness as Operator is collecting from weak holders before foreign funds comes!
https://www.nst.com.my/business/corporate/2024/06/1060413/bursa-malaysia-opens-higher-positive-sentiment-and-foreign

Remember Pestech Aerotrain contract termination? Government is good at backtracking as Pestech is currently back on Aerotrain Project in JV with IJM. Iris substantial shareholder Dato' Robin's father is TSVT who enjoys good relationship & lobby with present Govt & Royalty?
https://www.freemalaysiatoday.com/category/nation/2024/01/19/no-govt-interference-says-loke-as-pestech-back-in-aerotrain-project/

HTPadu withdraws from Niise to allows Theta & Iris JV the edge? Looks like another Pestech in the making?

A Star Is Born!
Meanwhile, two companies related to Tan have appointed Farhash to their board of directors.
They are Berjaya Construction Bhd, the construction arm of Berjaya Land Bhd. and 7-Eleven Malaysia Holdings Bhd.
In the case of 7-Eleven, Farhash also replaced Tan’s son Datuk Seri Robin Tan Yeong Ching as chairman on Jan 3, 2023.
This, of course, does not include his ownership in other listed companies like Theta Edge Bhd, the shortlisted bidder for Niise. JV between Theta & Iris comes with mutual benefits?
https://www.thestar.com.my/business/business-news/2024/03/23/a-new-star-on-the-horizon

Just like a Hk movie. Third Brother is here & Foreign funds are also here! 40 Sen already broken! next will be 50, 60 and beyond?
https://www.nst.com.my/business/corporate/2024/06/1059641/malaysia-sole-asean-country-post-net-foreign-inflows-may

Could Iris be the Darkhorse now that HTPadu is out?, through a JV with the successful Niise bidder as Govt is in an Arbitration process with Iris on compensation for contract termination and don't forget Immigration is currently using Iris technology & equipment for Border Control?

DNeX and Theta Edge in two-horse race for NIISe project

By Jose Barrock / The Edge Malaysia
https://theedgemalaysia.com/node/713107

The third wave is coming!
RECOMMENDATION:
Don't wait anymore, you will never get your lowest price. Collect VSTECS as much as possible on current weakness. Already reached bottom as the trend of higher lows will lead to higher highs indicating that an uptrend is occurring with overall mark-up in the value of Vstecs by next Qtr once income from AWS, Starlink, Broadcom VMWare and Nvidia Ai Computer & GPU sales are recognised. Once correction phase is over, Vstecs will rise even higher for the 3rd wave for the next Limit Up! with buying from Market & Foreign Funds! TP RM4~5 is still on track!
ps if you compare the price chart of Ytlpower with Vstecs, you will see a similar trend of future price performance.