Key Takeaway from Analyst Briefing Last Friday:
To recap 1QFY24 results, Virtox’s core net profit decline of 30% QoQ was mainly due to higher R&D expenditure for new product introductions (RM4mil), lower automated board inspection (ABI) demand (-12% QoQ) from Mexico and lower machine vision system (MVS) purchases (-25% QoQ) and higher service cost on component parts failure for service contract customers (RM3-5mil).
In the near term, we are still seeing a pickup in business activities but orders are still slow in the consumer electronics and back-end semiconductor sectors due to economic uncertainties. Vitrox guided for a revenue of RM121-140mil in 2QFY24 (MVS:40% and ABI:60%), supported by deliveries of new and some existing orders that have been pushed back in 1QFY24.
We understand that Vitrox is facing certain challenges for all segments such as (i) shipment deferments due to a slowdown in automotive demand, with deliveries likely to occur in 2HCY24, and (ii) intensive competition in China to gain market share.
Vitrox plans to address these challenges by revising its selling prices and develop new and more cost-effective models for its MVS tray (MVS-T) and ABI segment to compete with local Chinese players. Consequently, we anticipate a short-term margin squeeze resulting from lower average selling price and an increase in R&D costs for new models.

Seriously no seller, drop 5% only. Hahaha. Warning sign has been there since 2 weeks ago. Good luck for those long term investors.

After today QR, I could understand why the dividend is only 1.1 cent.

Yes, agree. HY is so called red chip rubbish, owned by conman China Man. Therefore, I urge all Malaysian retailers to boycott this cheating company from China. Do not buy any HY share from the open market. Let the operator hold their tickets until it become toilet paper, thank you.

Got Trapped inside Eframe-Wa? So come here and promote Eframe-Wa? Eframe is damn downtrend stock, Eco World is uptrend stock. If you want a miserable life, then go and hold Eframe. If you want an easier life, then buy Eco World.

Vitrox fail to break resistance above 7.80, and today start turning down. Not a good sign before QR announcement.

Support line broken already. No point fighting with the downtrend. Cut loss and run first.

The big boss Samuel Lim always gives fake guidance in the AGM. This is one of the worst stock in KLSE. Will get lower and lower. Mark my word here.

Today I urge all the retailers in KLSE, please boycott this China Man rubbish company. This is no longer the Shell Company we know of 10 years ago. This is a Conman Shit Company run by a group of cheating China Man. This is a killer company who purposely set trap for retailers. Please stop trading this stock and let the operator hold the company share until it become toilet paper. Thank you.

KGB support line at danger.

Vitrox has been downtrend since Jan 2022. Although the share price showed near term uptrend for past 1 month due to bonus issue, there is a strong resistance zone at 7.80-8.00. 1Q24 is expected to announce on 24/4/24 in conjunction with AGM / EGM for bonus issue. Based on the current sentiment, the upcoming QR carries a lot of uncertainties. Notably, the effective tax rate has been increasing over the last quarter which has eroded Vitrox's profit margin. If the result is below expectation, operator may press down again towards 7.00.

Are you a newbie in UP?

Next month 26/4/2022 is UP virtual AGM. We can throw all our doubts to management through the virtual platform. Let’s see what are their replies.

I think UP is using forward contract to hedge his refinery segment. Those player with upstream and downstream business such as KLK, Sime Plant also has forward contact as hedging. I think they are hedging for downstream business. SOP and Taann are purely upstream player, hence, they hardly have any forward contract sales.

Ya, based on the forward contract, UP likely estimates the CPO price for 2022 and 2023 in the range of RM3000 - RM4000. I guess UP management did not expect about Russian-Ukraine war and did not foresee CPO can reach RM 6000 - RM7000 as what it is at the moment. @ ooihk899, since they are hedging too low, what do think about the impact of derivative loss on the coming quarter?

Q421 ASP was RM3263, far below MPOB as well as other plantation stocks. Even though TSH has huge exposure to Indonesian market, their ASP was RM 3570. UP is superior to her peers just simply because of their ability to minimize cost of production. Otherwise, their ASP is much much lower than her peers because of all these forward contracts. Anyone can highlight me why UP exposed so much to forward contract? Nearly half of their production volume has been tied with forward contract, which is pathetic in current situation.

Baca Annual Report 2021 la

@ apple 168. Bro, 2.5 cents was 3Q21 dividend and it had been given in Jan 2022. This quarter is 0 dividend. If you have vitrox, you get nothing except capital loss.

Inari is not the only OSAT player in the world. They are awarded the OSAT contract from Broadcom because of their good long term partnership with Broadcom for the past 10 years. If Apple decided to produce their own wireless 5G chips, there are so many top OSAT available in Taiwan, such as Taiwan Based ASE/SPIL/Powertech or American based Amkor. Taiwan is likely the top priority of Apple if they have to choose a OSAT for their own 5G chip.

Based on Mr Sia interview, paragraph 3 last sentence.

https://www.theedgemarkets.com/article/smart-device-segment-drive-mms-ventures-growth

Fuiyoh. Break resistance 5.70 - 5.75. Next resistance is 6.00.

5.70 road block cleared already. The management had given clear guidance in the QR prospect that UWC will focus on front end semiconductor, ATE, 5G tester and autonomous vehicle reliability chip tester which will ramp production by year end 2021. They have completed PIKAS programme and there will be no issue for low utilization anymore in next quarter. UWC is expected to have QoQ growth for next 4 quarter.

Buy Inari and MMSV, their end customer is Apple.

Apple is going to launch iPhone 13 this month. Apple theme play such as Inari - 5G RF (broadcom), Frontken (TSMC) and MMSV (LED tester) will rocket up until next year.. iPhone 13 will record best sale ever in Apple history.

OMG!! Sam CEO start selling own company share @ 15.00. I thought Sam worth at least 30, why he sold so early??

Boss is considering to give bonus issue. Likely they will declare next year before AGM so that AGM and EGM can be held together.

Very good QR. Tomorrow testing new high again, break 17

When retailers are busy buying.. EPF and Dato Thong actually busy selling to you. :)

nice to see big green candle

i am buying today

3 days drop 20%.. this is MMSV style

But Foxconn never provide any Apple business to PIE. 5G iPhone 13 is nothing to do with PIE.

Wash plate and recover completely. Good jobs.

EPF disposing = Share Price rocket up. You see hartalega, EPF acquiring = Share price waterfall. Which one you prefer?

Sam Kor concert so fast finish ah?

Gooshit is a loser, he has lost all his money until he has to sell off his laptop and phone, that's why he disappeared from here already. Now he is begging at roadside for foods.

Post removed.Why?

Took profit already. See you next time, haha.

Thank you.

Fantastic QR! highest revenue and PAT in history, and don't forget this is just 2Q21, more to come.

chicken vs beef? Apple vs orange??

Ah Koon, you sound like wanna telling us your mum is a woman, you dad is a man.

bro, how much money you lost in supermax?

Director had disposed the share in open market and run away already.. good luck for those still wanna to buy this stock.

i think is bonus issue, not share split

uptrend... rocket soon

Bro, how much you lost in supermax, share share la with us

con yew yin become super trader, one day one stock

https://importkey.com/i/hartalega-sdn-bhd