Kronologi Asia is attempting to break out from the sideways zone since September. With trading volume on an uptrend, we believe the bullish momentum is gaining traction and it may break out soon. There is a bullish bias above the resistance level of MYR0.64, so expect the momentum to reach the next resistance level of MYR0.67, followed by MYR0.70. A downward breach of the MYR0.60 support would negate this expectation. - RHB
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KRONO is a beneficiary of digital acceleration as customers build out their digital capability in EDM to improve efficiency and mobility in the new normal
The recent RM23m contract awarded last month by Baidu Cloud Computing Technology (Beijing) is a testament to Krono’s strong track record
Valuation is undemanding at 1.32x P/B (27% below 5Y mean 1.8x and 35% lower than industry 2.0x), supported by a RM26m net cash pile (~8% of market cap)
wow surprised that icapital has accumulated so much shares in krono quietly. interesting to know that fund managers are keen with krono and sees it's potential.
To those who are excited because icap took a huge position in this stock, you may want to seriously reflect whether tan teng boo is still relevant in the world of investing. I would strongly suggest that you look at icap's investment portfolio on page 50 of its 2020 annual report, and ask yourself whether ttb is still relevant after looking at his pathetic performance. Follow icap at your own peril.
well, i'm sure fund managers have done their research before making a jump to invest. icap invested heavily in Padini during it's infancy and made money from there.
anyway, no one cares who is interested in Krono. we invest because we think it's good not because someone famous bought it
Price can't move forward because somebody i(maybe icap) s still in accumulating mood. Hv to wait patiently unless u hv a bigger fund to move against their control.
Yeah, my decision was not based on who has bought it or not. I am into it because my algo software alerted me to do so, plus I could see the potential of data centre providers in the near future.
Baidu was recently given green light to carry out the so-called “unmanned” driving tests in Beijing, a milestone for the Internet giant in pursuit of achieving self-driving cars without safety drivers. http://autonews.gasgoo.com/m/70017802.html
And the fleet is powered by Kronologi's autonomous vehicle solutions!
Disclosure: Further to the Company's announcements made on 2 November 2020 and 5 November 2020 in relation to the Contract, the Board of Directors of Kronologi wishes to announce that the name of the party whom awarded the Contract is Baidu Cloud Computing Technology (Beijing) Co. Ltd.
Krono Quarter Report Great 2021 Prospects As the general economy and our customers in particular learn to adapt to the new normal, we have seen positive trends in Q3’FY20 which support our belief that the first six-months of FY2020 will likely prove to be a temporary disruption in our business trajectory and where our various data management solutions and geographic footprint across key Asian markets will continue to add value to the Group. We expect to see sequential revenue growth again for the remaining period of the financial year.
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....
wehcant
1,259 posts
Posted by wehcant > 2020-12-04 13:38 | Report Abuse
How much would data centres, like Krono, worth in the future? https://www.cnbc.com/2020/12/04/fully-driverless-cars-are-being-tested-in-china-for-the-first-time.html