My high confident on Krono has been dented by its lousy q1 and q2. Especially q1 where Krono has a very significant write off which I was not convinced at all and thus corelate it to incompetency or poor integrity of its directors. Until I build back confident on its management, I will keep it for short to medium term only and target for RM 1 instead of RM1.50 or RM1.80.
To hold a counter for long term, the first criteria is its management. It has to be trustworthy or at least show behavior of trustworthy. I have hold LPI for 12 years, Inari for 6 years, Johotin for 4 years and are still holding on.
Not If, but When: Autonomous Driving and the Future of Transit
Sep 16, 2020 - Baidu unveils latest developments in autonomous driving. China’s Baidu Wants To Be An Autonomous Vehicle Powerhouse.
November 2, 2020 - Kronologi bags exabyte size cloud hyperscale contract from Baidu.
December, 23, 2020 - Cyberjaya now home to Malaysia’s first autonomous vehicle testing route.
"Kronologi Mobile Storage for Autonomous Vehicle Development is the most comprehensive solution for in-vehicle sensor data capture and recording for test, development, security, analysis and intelligence."
Fe: would u mind to shred some light on your valuation on Krono ? I invested into Krono since early 2019. At that time I bet big on data biz, net margin 8-11%, ROE ~ 10%, 5 years CAGR end Dec19 at 45%, continuous acquisition etc. Thus I put big money into it. Unfortunately I was totally disappointed by its significant impairment in Q120. My profession training told me that only lousy management mistake would cause significant impairment in biz likes Krono. Thing gets worsen with 4 consecutive negative growth with 1 q at lost. Margin was not good too although showing sign of recovering in the latest q3.
Next QR hopefully revenue in Philippines by Sandz Solution will increase and also quantum storage in Taiwan n hk then it will have a chance to hit profit of 6.8m
Share price up and down... Long term investor who think it is worth to invest can take opportunity to accumulate. But don’t pull down all the bullet cause Krono still a NEW company in ACE..
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3224 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
amateurJR
2,366 posts
Posted by amateurJR > 2021-01-22 18:33 | Report Abuse
Haha this felixck sure a substantial shareholder of Krono.