1) Technax has acquired four technology companies and one food and beverage (F&B) company to solidify its digital transformation and digital ecosystem solutions, with a total investment of RM107 million, into Techna-X. The acquisitions will provide a total cumulative profit guarantee of RM10 million over the next 12 months to Technax.
2) Company is acquiring Hong Kong’s internet of things (IoT) firm HK Aerospace comes with a minimum profit after tax guarantee from the vendors US$3 million for the first financial year of HK Aerospace.
3) Technax will be investing RM30 million from its redeemable convertible note programme to transform its subsidiary, Craveat International Sdn Bhd (CISB), into a technology company for the food and beverage (F&B) industry. The company's homegrown F&B brand, Teh Tarik Place (TTP), will lead in the transformation which targets to open 100 outlets in 36 months throughout Malaysia and in the Asia Pacific region. about https://www.nst.com.my/business/2020/06/604478/sino-hua-invest-rm30mil-transform-cisb-tech-fb-company
4) Technax’s wholly-owned subsidiary Techna-X Aerospace Beidou Sdn Bhd (TXAB) has secured a deal to be the Exclusive Global Master Distributor (outside China) for all the products rolled out by Guangxi Aerospace Beidou New Energy Industry Technology Co. Ltd., which is primarily involved in energy storage solutions namely super batteries and ultra capacitors with a potential recurring value of US$1.6m per annum.
5) Technax's unit Touchpoint International Sdn Bhd has signed a 5-year partnership with South Africa's Snuappistore to provide a super-app platform to enable transformation of the latter’s e-commerce business and to expand its digital economy business with a total of US$500,000 minimum revenue to Hua-An
cutloss, take profit from this stock....use that money invest in airasia 100% sure profit, now price 90cent, sure fly to rm2 at least if domestic travel allowed by gov. first come first serve, fast join when price less than rm1
Good news from the potcast if jared ambition success. the potcast noted was on dated 9 feb and it had push from 14 cts to 21 high. so hopeful to recover back above 20 cts level at soonest.
Technax has a gem in hand if the super capacitor can be incorporated into super energy storage. Already the USD300million order in hand from only 2 customer, Kone and Daikin. If a few more buy into this product, we are looking at potential billion dollar company in the coming years. And we are only touching one of their product, there are other business which are very interesting. It's a company with potential high growth but needs time to grow this new business.
this is just too heavy to move upwards. not an ideal counter for sustainable pushing at the moment, suggestion for share conso , probably 2 or 3 into 1
What Technax needs right now is time to grow. Anyone looking for high surge in short time frame will be disappointed. It's a new business in a new IR4.0 environment and its product and services need a bigger footprint to show result. Energy storage and data analytics fits right into the new field. If and I say with a big IF, it turns out right, it's a gem and worth a shot. No need to dive all in, a small amount of tickets to be kept for long term might yield big result.
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....
xuxu
5,876 posts
Posted by xuxu > 2021-02-23 14:58 | Report Abuse
those can cut loss or cut win just cut.