Something big is brewing... Within 2 days 2 Director is resigning... Not sure is good thing or bad thing...
New director will be appointed soon? From Enovix? Or appoint new director with more professional background? As now YBS will be mainly liaise with Enovix this type of Nasdaq company, so it may need a professional management team which able to handle those Fortune 200 global clients. Or instead of appoint YBS as sub-contractor, ENOVIX plan to direct acquired YBS?
Something is definitely brewing.... 1. Share price PRESSED DOWN 2. Batteries are produced by the agility line since Q2 and shipped to customers for testing.... 3. MD reiterated in his interview that Q3 and Q4 revenue from batteries will be substantially higher than 1H2024.....
These looks like planned resignation.... before this, they have ESOS to the directors.... Then10% share placement.... just right before the quarter result release and also AGM on 29 Aug..... All PLANNED....
I think they purposely press down the price for private placement. After PP done, the share price will back on track. So Aug/Sep 2024 is the last month to collect cheap ticket. Once PP is complete, and once ENOVIX start receiving order for its battery production, then YBS will shoot up to RM1.50.
USD100mil investment = RM450mil investment. Assume ROI is 8-10%, then we can expecting YBS to generate RM40mil - RM45mil net profit per annum. If YBS really can achieve this profit, then YBS market capital should be at least RM800-900mil (based on 20 PE)
wow, share price retreated to Feb 2024 level.. very hard to analyse this stock. its customer is said to be investing billions, benefitting YBS.. on another hand, ED resigned at the same time when they originally are agreeable to be reelected. and so far, past results.. still in the red. this coming results....... we shall see.
YBS = Your Ball Suck. In other country, investment in stock in accumulating wealth. In Malaysia, investment in stock is diminishing wealth. My wealth is reducing everyday, every minute. Really Sien.
According to AGM today is vote to solve their internal issue but after all have to see the youngest bro how to perform & manage the company d. Biz order is sure there but just don't disappointed us becoz of their internal war affect the company grow.
According to MD during various interviews, units of enovix batteries produced by ybs will be billed even if its for customers testing purposes... ybs have been producing these batteries since q2 with the agility line....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Moondate
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Posted by Moondate > 2024-08-19 09:28 | Report Abuse
Batteries is about to die