A hidden gem found. That contract is more likely an electronic manufacturing services (EMS) business. Generally speaking, EMS companies enjoyed a profit after tax margin of 3% ~ 5%. So future earnings will be very promising for Artroniq
When come to invest , no such thing as someone said , is my own wallet, make my own decisions. Well, back to EV still a hot cake ? Get in to shopping mall, i guess you will see more people charging their car nowadays and Elon Musk still the biggest influencer in the business sector.
Read a blog article highlighting potential of this company on purported new RM100m/yr business. Some numbers floated. The idea that a reputed US company selected a company of this profile sniffs out lots of hidden can of worms. That company probably is an outlier in EMS, since EMS is typically an engineering and manufacturing endeavor, neither of which has been evidenced for this company. In fact news items point to mainly software IT projects, most recently some banking Blockchain project in Cambodia, Enough red flags waving all around. It's well and good if they deliver, but likely window dressing goreng counter.
@DouglasLiu to get started with new hire in such an endeavor? Tough going I would think. Getting teamwork to work in synergy will be the bigger challenge.
US company in question is a startup, having crowd-funded their product, not really an established concern with vast experience and deep pockets. US consumer market facing mountains of inflation driven issues, not quite the boom. Stormy journey for successful completion of contract. On other hand if the product is well received, scaling production up will be challenging.
The foray into the growing ICT industry has proven to be a step in the right direction for Artroniq Berhad after it decided to cease its plastic manufacturing operation in 2020. Can say a great transition period for this company
Serba again...??? Looks like many 'Serba' in bursa...Last time people said A asia, Tglove are the next serba bla bla bla Guess Bursa can tutup kedai alrdy. Haha
@LadyRepins. Nothing venture nothing gain. Even though the management are not engineering / manufacturing in background, it can be made up through experience and learning from expertise. Fastest way is still hire consultant or talented people
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Posted by Tedinvestor > 2023-02-24 15:38 | Report Abuse
If its a scam counter just avoid it. Nobody forcing you to buy