FMR Llc, which has 7% stake, could be selling off investment in Malaysia including Success as Malaysia is no longer favoured due to incompetent Govt and high level of corruption
those throw definitely not retailer , basically with this volume, fund , shark ?/ no idea but really not good sign , just in 20 min. really not good my profit wide off and make lost . lucky cut early minimize my lost. sad
SINGAPORE: Singapore reported 3,474 new COVID-19 cases as of noon on Wednesday (Nov 17), as seven more people died from complications due to the coronavirus.
The fatalities were aged between 47 and 83. All of them had various underlying medical conditions. The Ministry of Health (MOH) did not specify what these medical conditions were.
i. Manufacturing and selling of transfomers to municipal and governments (Malaysia, China, Australia, Singapore, Kenya)
ii. Manufacturing and selling of smart lighting ("ILCS") to municipal and governments
iii. Manufacturing and Fabrication of metal/steel/aluminium for smart lighting via its subsidiary Omega Steel Industries
iv. Portable air purifier (Kare4u) using Korean technology approved by FDA
The company is highly undervalued in terms of financials, as net cash of the company (including short term investments) are valued at RM0.55/share
The company's net assets or equity value is RM1.47 per share with zero borrowings.
The company's products are highly scalable into smart technologies in Electric Vehicles and Solar.
Based on Nov21 chart, the share price experienced a sell off post ex-dividend date and reporting of Q1 financials.
However, the company is widely expected to report better financials in FY22 as economies open up and municipal and governments replace conventional lighting with smart lighting with monitoring and sensor system.
Note that the company's intangible value is that they fabricate their own products, thus not being adversely affected in the purchase supply chain.
Further catalyst is the company's recently launched business on Korean air purifier approved by FDA. This product has been selling like hot cakes in recent months as the economy gradually opens up with the need for greater hygienic level.
During the recently concluded AGM, management did not rule out any business opportunities / collaboration in the EV industry.
At current price of RM0.795, the company is definitely worht a relook.
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....
chimchim2828
42 posts
Posted by chimchim2828 > 2021-11-17 12:43 | Report Abuse
any news??? going further south?