Net cash 75million

Look at Annual Report, launching cloud products

The longer oil price stays depressed, the higher the chance of government bringing back GST. If you look around the world, GST (or VAT) is the most efficient tax system by far

Good move! Can reward shareholders and make conditional reward offer to management team if they can hit financial targets

@Miracles and &factbasedinvestor ......... Actually RM 1.40 target I derived from the graph. Based on the first big surge in price from late 2015 to historic high of RM 1.28 in late 2017, if current uptrend follows similar surge due to accelerated demand for KRONO's date management service and product, it should reach RM 1.40 or higher by end of this year. KRONO has done a lot of acquisitions in these few years which should bear fruit during this period.

For KRONO, medium term target RM 1.40 can?

True, but maybe not renewable energy at the moment, with oil prices low, there might be less initiative to swtich to renewable energy

In comparison, Keppel DC Reit currently trades at 30x PE, KRONO trades at 15x PE, still cheap

https://www.thestar.com.my/business/business-news/2020/04/20/these-landlords-dont-want-us-to-go-to-work


'SINGAPORE now has two types of landlords. The unhappy ones need folks to show up at offices, malls, hotels and factories, something that’s simply not going to happen in a hurry with the city-state’s coronavirus infections about to hit 6,000.

But there’s also a happy property owner, whose tenants live in the clouds, unaffected by social-distancing norms. For real-estate investment trusts, or REITs, that make money by hosting data, the more people pretend to work from home and watch Netflix, the better.'

Technical rebound also UMA query, this SC damn free ...

I don't think OTB is wrong la, its just the stocks he picked are all growth stocks, and unfortunately if you read the newspaper nowadays, its all about global slowdown, thats why growth stocks are penalised.

Next agm I'm going to fuck the management over, stock lost half its value, not a fart coming from them

Mitsubishi keeps selling like no tomorrow, EPF also selling bit by bit, Khazanah buying

Everybody cautious, all play small small

Back to square one at 1.25

High chance of Greece default, China set to enter bear, everywhere also red

It needs to break 1.60 to break out of downtrend pattern

If scared, then sell

Don't forget to cancel your sell queue if you have entered

Thanks CrossSymbol for the clarification

Did he say anything about main board transfer CrossSymbol?

Funny how everybody makes sell call and makes every bad comment they can about IFCA just a few days ago, and now suddenly buy buy buy ...

Anybody will panick when this happens to their company shares la ... But I don't think 'many are deserting IFCA' or that it is 'Game over', the fundamentals of the company remain intact

@ozzie75, personally I do not think ringgit will weaken at a much more significant rate within this short period of time. My reason being the effect of political uncertainty is always exaggerated and the pre-effect is always played out more dramatically than its actual effect. Economically speaking most of the fundamentals are intact and there is not exactly any QE happening and there is no indication that BN supports a weak ringgit, socially there is not exactly any unrest or huge clash ... But of course nobody can say for sure what will happen in the future, just my opinion

@blackul66, I don't think it is really that fair to always penalise investment banks, most of these analyts are not allowed by law to buy or sell shares and it is quite unlikely their reports are shared with the fund management units within the bank which are usually registered as separate entities and more frequently than not located in different buildings

@hockhuat, newspaper merely restating what has already happened and its price movement ... Nothing new. It doesn't answer why the sell-down. I don't think they even have a Bloomberg terminal like @siowlang

@gray, I think it was alibabacoming ...

Might actually be EPF increasing their stake

@accu, actually with the ringgit being so weak, EPF has been more restricted to the local market. Not to mention with the exchange rate, it is actually more attractive for foreign funds with CASH to enter the Malaysian market now

Sorry, was talking on the phone, price too fast, 1.15 can enter, correction to my previous comment

First time after almost two weeks of selling there seems to be support ... If you dare to and wish to take advantage of a rebound, I would think this is the level to enter, 1.13, should be the lowest for today and next week. But of course, I am just analysing and piecing everything I know together, so decide for yourself whether to trade/invest. Inverted hammer should be formed today. Next week before Friday's AGM expect massive rebound.

@siowlang, I think a 3-5% stake should be enough to stabilise the price ... But yes, of course it is not easy. Still, I really agree with your auto cut-loss theory. And because in February the price was around 1.10-1.25, this should be where the massive sell-off stops, the current price 1.12-1.13/the buy-sell queue seems to confirm this as well

@leo123, the Star hasn't done much homework have they .. Merely reporting the obvious

@siowlang, I agree, CIMB road show for IFCA latest was in Singapore wasn't it ... Still, IFCA seems to have vaguely found support at its current 1.12-1.13 level.

Further to what ozzie75 said though, please also tell Ken to choose his words more carefully when communicating to the public and not to say things that further erode public confidence of his company. Some of the things he said does not exactly rally confidence .. But yes, the right cornerstone investors will stop this mad selling that is going on!

@Bilis Bilis, history does not necessarily repeat itself

He should already be laughing to the bank, he owns a big portion of the company, his wealth is already 12x of last year, he is worth at least 200 million

If free should really attend IFCA AGM next Friday, at 10am, Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur. Can address any question or doubt you have towards Ken Yong ...

@gaussian, tomorrow might drop further and Friday has generally not been a good day for IFCA, but I believe speculators/even investors will buy back before AGM. Ken Yong should address this or even if he does not, shareholders will likely shoot questions for him to answer ...

@Alex3388, IFCA AGM is on 19th June 2015, next Friday

The real money makers have always bet big and bet right ... But of course its up to your risk appetite, say so much also waste time waste energy...

calvintaneng, chinese expression, say already equals no say ... Everybody also knows, but if always pull out early when are you going to get the real money.. Might as well put in fixed deposit, even safer

Lol, this calvintaneng always come to promote other counters

This week big sell off, next week, right before AGM major buy back

Earlier say CIMB research wrong, Maybank's research can trust then?

I think even tomorrow might not be good day, in IFCA history more bad Fridays then good ones, and there might be further sell-down ... But as the gurus always say, patience, patience and patience.

I think ozzie simply pointing out actions of a speculator ..

Great example Hazel! I really do believe that within 3 months and before the next QR, IFCA will make a comeback

I think Ken Yong too busy with push into Ipoh, Kuantan, China and Indonesia, no time to care whether shareholders want to sell

Just gotta wait for IFCA shareholders to calm down ..

And then later big funds will buy back at higher price?