Enovix's share price spike 25% yesterday because they receive purchase order to produce battery cells for US army. Good for YBS one step closer to turn LOI into real agreement!
Enovix Corporation (NASDAQ:ENVX) gained almost 7% in pre-open trading Tuesday after the company announced progress in its partnership with the U.S. Army. They have committed to producing commercial cells for the Conformal Wearable Battery (CWB), which is the central power source used by U.S. Army soldiers. This agreement marks an important step towards full-scale production. The CWB, developed by Inventus Power, powers essential communication equipment and other devices. Enovix cells will be used to build pre-production CWB packs.
enovix up 25% on the day it announced army contract and continue to up 5% and 4% in next 2 days! YBS will announce a formal collaboration agreement soon after the banker finish collecting!
"Here’s a sneak peek of our Gen2 equipment that I shot in Asia last week. Our suppliers are experts in back-end semiconductor assembly equipment w/ tolerances in the sweet spot of what we need to scale.
It's looking great!" @rajtalluri President and CEO Enovix
Once again, Sell on News happen! Really disappointed with Malaysian market, full of retail investor that aiming for small profit and hit n run. Why Malaysian investor cannot aim for long terms? Hold the share from RM0.70 to RM7.00, Why earn 3sen, 5sen already take profit ?
This company market only RM180mil, and now it is signing a contract with a USD3bil company to collaborate on a production facility which involved USD 100mil cost of investment.
I mean this is a very big project and it could help this company to turnaround to become one of the top manufacturer in Penang, why retailer are jumping ship now?
Please imagine yourself, if you are going to invest USD100mil on a factory (equivalent to RM450mil), which is more than double of its existing market cap, what kind of annual sales your are expecting? Let said very prudence, this factory should at least produce minimum RM200mil sales per year (current existing revenue is around RM100mil), so you can expect this company will become a company with RM300mil revenue per annum, and assume 10% profit, it will have PAT of RM30mil per year.
initial investment USD100M of which YBS to finance 70% USD70M equivalent to RM300M. YBS market cap 180m. where to get that much of money to fund the project??? confirm terminate later. another trap
@Hotstuff, for the past few months, I believe YBS has been working closely with Local Bank Institution, together with Government Institution (such as EPF, Khazanah, LTAT, KWAP) , to work out on the funding of USD70mil. And today they have signed this agreement, meaning YBS should has successful secure the funding.
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MQ Trader 2944 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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berfikir
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Posted by berfikir > 2023-05-11 10:54 | Report Abuse
yahoooooo