Posted by MZM2511 > 2024-08-22 20:14 | Report Abuse

Section 205 of CMSA – Manipulation of Price of Derivatives and Cornering
No person shall, directly or indirectly manipulate or attempt to manipulate the price of derivatives that may be dealt in on a derivatives market, or of any underlying instrument which is the subject of such derivatives or corner, or attempt to corner, any underlying instrument which is the subject of a derivative.

Illustration 10 - Scalping
The person trading is also responsible for giving buy or sell recommendations, e.g. purchases a security before recommending the security, and then sells the security at a profit upon the rise in the market price following the recommendation.

Posted by koyokui > 2 months ago | Report Abuse

Buy itronic sell asset tp 5sen. Insya allah

Posted by Raiz368 > 4 weeks ago | Report Abuse

Very good company...revenue drop but profit up

Posted by MZM2511 > 2 weeks ago | Report Abuse

Base on my BRIEF study on the QR1 2025 (The latest QR) of Itronic:

(Note: A comparative figures from QR4 2024 included)

A: Revenue, profitability and NTA.
Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
4,785K -2,447K -2,142K -0.3 sen 4 sen Down 307% Down 193%

B: Revenue up from the last quarter but net loss widened.

C: Sitting on increasing negative reserve of (RM 15,994,682).

D: Not a cash rich company with cash and cash equivalents of RM 61,503 .

E: Total assets > Total liabilities, Total current assets > Total current liabilities, and has a small non-current liabilities only @ RM 782,070.


THE FINDINGS:

1. NTA 4 sen _ , QR4 2024 @ 4 sen.
2. NOSH 707.59 mil. _ , QR4 2024 @ 707.59 mil.

3. EQUITY
Share Capital RM 43,472,963 _ , QR4 2024 @ RM 43,472,963
Reserves / (accumulated losses) (RM 15,994,682) _ , QR4 2024 @ (RM 13,745,834)
Shareholders' funds RM 27,478,281 _ , QR4 2024 @ RM 29,727,129
TOTAL EQUITY RM 27,478,281 _ , QR4 2024 @ RM 29,727,129

4. Cash and Cash Equivalent:
Cash and bank balances RM 61,503 _ , QR4 2024 @ 80,910

5. Assets:
Current Assets RM 61,880,270 _ , QR4 2024 @ RM 64,012,057
Non-current Assets RM 8,762,286 _ , QR4 2024 @ RM 9,264,729
Assets held for sale RM 0.00 _ , QR4 2024 @ RM 5,009,425
TOTAL ASSETS RM 70,642,556 _ , QR4 2024 @ RM 78,286,211

6. Liabilities:
Current Liabilities RM 42,382,205 _ , QR4 2024 @ RM 47,479,618
Non-current liabilities RM 782,070 _ , QR4 2024 @ RM 1,079,464
TOTAL LIABILITIES RM 43,164,275 _ , QR4 2024 @ RM 48,559,082

7. QR1 2025 results
- Revenue RM 4,785,119 _ , QR4 2024 @ RM 725,737
- Gross profit / (loss) RM 121,904 _ , QR4 2024 @ (RM 446,643)
- Profit before tax/(LBT) (RM 2,477,000) _ , QR4 2024 @ RM 1,025,000
- Net profit/(Net loss) (RM 2,142,000) _ , QR4 2024 @ RM 1,036,656

Posted by MZM2511 > 2 weeks ago | Report Abuse

Note 1: Q1 FY2025 vs Q1 FY2024

For the current financia lquarter under review, the Group achieved a revenue of RM4.785 million, making a significant decrease of RM25.434 million or 84% as compared to RM30.219 million in the preceding year corresponding quarter. The decreased in revenue for the current quarter was mainly due to no operation of electronics & system intergration and slowdown of sales from watch operation.

For the current quarter and year-to-date ended 30.9.2024, the Group recorded aloss before tax of RM2.447 million, making a significant increase of loss approximately RM1.717 million or more than100% as compared to loss before tax of RM0.73million. Malaysia operation reported high loss as the only income was generated from food and beverage segment which it's commenced business on mid of Aug2024. There was no income from electronics & system intergration as the project was completed towards the end of the financial year ended 30June2024 and no new project sincet hen. In addition,the weaken of Malaysia Ringgit against Hong Kong Dollar contributes to increase of unrealised loss on foreign balances of the Group approximately RM3 million.

Note 2: Q1 FY2025 vs Q4 FY2024

The Group posted a revenue of RM4.785 million as compared to RM0.726 million in the preceding quarter, a increase of RM4.059 million. The main reason for the increase of revenue recorded in the first quarter primarily due to increase of sales from watch operation as compared to preceding quarter where at that time th ecustomer's response to the prevailing economic downturn, purchasing power reduced.

The Group recorded a loss before tax of RM2.447 million compared to profit before tax of RM1.025 million in the preceding quarter, a decrease in profit before tax approximately RM3.472 million. The decrease in profit before tax mainly due to unrealised loss on foreign exchange of RM3.05 million in this quarter as compared to unrealised gain from foreign exchange amounting to RM6.77 million recognised in preceding quarter as a result from weaken Malaysia Ringgit against Hong Kong Dollar in current quarter. However, the impact of the decrease in profit before tax was reduced as there is impairment loss on receivables amounting to RM2.09 million provided in the preceeding quarter.

Note: Prospects

From the past experience, the Group has shown a positive growth in its trading of watches business, as such the Group shall continue to focus on consolidating its existing business to stregthen its presence in the watches industry, upgrading and enhancing the e-commerce platform to improve sales performance of watches trading segment. The Group is also planning to set-up sales gallery of watches inMalaysia, at the same time to improve it se-commerce platform to deliver better user experience and increase customer satisfaction.

The Group is ventured into new market by incorporate andcommenced Food & Beverage restaurant, namely Mojoe F&B Restaurant in Malaysia. Addtionally, the Group has entered into a Project Management Contract to serve as the Project Management Company for the proposed development of hotel and golf course in PulauLangkawi. The Board believes that these business will generate positive cash flow for the Group and contribute to enhancing shareholders' value.