The way i see it the target prices to cum will be 27 sen 30 sen and 34 sen. But long term with this IOT i dare not predict cum until what price Comments ?
keyasic price movement always very turbulent like ada perang saudara yang jual dan beli. But the trend is very positive for the immediate period. Only question it cum until what price this round.
Keyasic Rosy Future - IOT is a monster in the making...\
From The Edge November
KUALA LUMPUR: Key Asic Bhd expects its earnings growth to be better in the coming years, boosted by its healthcare and smart transport segments, after the group started turning around in its first financial quarter ended Aug 31, 2017 (1QFY18).
Chief executive officer Eg Kah Yee said the group is at the stage of monetising its research and design (R&D) efforts.
“For the last two years we have been designing and selling the chips only and now we are selling a system. So it is a bigger dollar. We are at the stage of monetising our R&D and that’s the key.
“For the last quarter (1QFY18) we were making money, so you should expect this quarter (2QFY18) to be better,” Eg told reporters after the group’s annual general meeting yesterday.
Key Asic, which specialises in the design and manufacturing of Internet of Things (IoT) chips and systems, sees a good outlook for the group in the IoT industry as “it is a huge and good market”.
Eg said that under the smart transport system, the group is working with a major system provider in Russia to supply its chips for the “connected car”.
It involves getting the car connected to the Internet, he said, adding: “All the data related to the car will get uploaded to the cloud [and] can be used to collect toll, for parking and for safety purposes. For example, when the car gets stolen, breaks down or lost, it can still be tracked,” he said.
“We hope Malaysia will also adopt the connected car once it is established. If you have a connected car you don’t need the gantry anymore,” he added.
Key ASIC has been in the red since 2009. It narrowed its net loss to RM9.99 million for the 17-month financial period ended May 31, 2017, from RM13.93 million in the previous financial year.
For 1QFY18 Key Asic managed to post a net profit of RM394,000 and revenue of RM7 million. There were no year-on-year comparative figures as the group had changed its financial year end from Dec 31 to May 31.
Cuscapi Cum 30% last 5 trading days very pekat one from 41 sen to 53 sen. keyasic and Csucapi same theme. Private placement of shares / Corp Exercise. To refresh your memories -
KUALA LUMPUR (Oct 12): Shares of Key ASIC Bhd hit a five-year high of 31 sen after the company yesterday said it was currently in the midst of undertaking a corporate exercise.
The counter was among the top active stocks, and increased three sen or 11.11% to 30 sen at 11.50am, after rising to its intraday high of 32 sen earlier. About 97.4 million shares were traded, valuing the company at RM276 million. Year to date, the stock has seen a return of 275%.
In a filing to Bursa Malaysia yesterday, the manufacturer of chips and system products for Internet of Things (IoT) said the relevant details of the corporate exercise have not been finalised at this juncture.
"The company will make the necessary announcements to Bursa Malaysia Securities Bhd in compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Bhd in the event the company proceeds with the said corporate exercise," it said.
Key ASIC has been in the red since 2009 and based on its latest Annual Report, the group has narrowed its net loss to RM9.99 million for the seventeen-month financial period ended May 31, 2017 from RM13.93 million in the previous year.
There were no year-on-year comparative figures as the group had changed its financial year end from Dec 31 to May 31 in April last year.
Malaysia's government investment arm Khazanah Nasional Bhd remains a substantial shareholder of Key ASIC, with a 22.09% stake as at Sept 6. Meanwhile, Taiwanese Chang Tao-Chun together with Taiwanese/Canadian Chang Li-Ping and Fang Chun-Jung own 36.6% in Key ASIC.
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....
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Posted by SKTRADER > 2017-12-20 15:13 | Report Abuse
kasi clear 230 .. go to 235