I think it is Frontken's parent company.... Dazzle. Seems like they are concentrating everything into a single company... not too sure why, but they are all from the same company and owner, just passing around.
Those who are joining the AGM should ask this questions: 1. Why major shareholder is disposing his own shares of 64,650,000 lately? To whom? 2. Is the company plans to explore precision cleaning in medical devices to reduce dependency on semiconductor earnings. 3. Will the company be expanding the operations to support TSMC new plant in US? 4. Will the company be providing cleaning services to SMIC china?
During covid lockdown globally, they are able to make 20% more for last quarter. TSMC is growing, and growing bigger. Frontken will also grow big with big brother. Imagine this, 20% more during lockdown... nothing to worry. TP4.00
The Group’s revenue for the current quarter ended 30 June 2020 increased by approximately RM7.5 million (9.3%) compared to the preceding year corresponding quarter mainly contributed by our subsidiary in Taiwan. This was mainly due to the positive growth of the semi-conductor business. However, slowdown in our customers’ business in the oil and gas sector resulted in a drop in business for the Group’s oil and gas subsidiaries in Malaysia, Singapore and the Philippines. In addition, the Movement Control Order (“MCO”) implemented by the Malaysian Government due to the COVID-19 pandemic had resulted in some disruption in our operations in Malaysia and to a lesser degree, our oil and gas business in Singapore and the Philippines. The Group’s profit before tax (“PBT”) of RM27.9 million for the current quarter was RM4.8 million or 20.8% higher than the corresponding quarter’s RM23.1 million. The higher profit was mainly due to improved revenue and better profit margin resulting from the continual efforts to improve efficiency across the Group. This was our historical best quarter performance even with the global slowdown caused by the COVID-19 pandemic.
The Group’s revenue of RM172.5 million for the current period ended 30 June 2020 was RM8.5 million (5.2%) higher than that achieved in the preceding year corresponding period mainly contributed by our subsidiary in Taiwan. The performance would have been better but for the indirect impact from the COVID-19 pandemic. Against the same period last year, the PBT for the Group increased by RM7.0 million (15.3%) as a result of improved revenue and vigilance in cost management.
The Group recorded a remarkable second quarter and first half results with a 20.8% and 15.3% increase respectively in its PBT compared to the preceding year corresponding period mainly attributable to the positive growth in our semi-conductor business. Looking forward, the Group is seeing advancement and deployment of new innovative technologies following from the roll-out of 5G globally and we believe these developments in the electronic and technology space will be positive for our business. Nevertheless, the Group anticipates that the overall business conditions for the remaining 6 months period in 2020 will continue to be uncertain amidst global uncertainties and downside risks due to heightened concerns over the impact of the potential second wave from COVID-19 on the world economy. As for the oil and gas industry, we notice that new orders are trickling in from the various umbrella contracts for provision of manpower supply and also mechanical rotating equipment services and parts that we have with from the Petronas Group of Companies. We hope this momentum will pick up further during the second half of this year. Having said that, global oil demand and the COVID-19 pandemic will all remain a key source of risk to the current outlook. While the Group anticipates that the overall business conditions in the remaining two quarters of the current financial year to remain uncertain, we are cautiously optimistic that our performance for the remaining months will be satisfactory.
forced to be long term investor all tech stocks are overpriced and due for a big correction like gloves. PE60?too crazy. i dont even know how jftech can be PE200.
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....
Aaron_tan
2,337 posts
Posted by Aaron_tan > 2020-07-27 19:58 | Report Abuse
anytime from now.expect to be bad like MI