For Q3’FPE2021, the majority of the Group’s revenue was derived from Singapore, amounting to RM69.918 million (33.54% of total revenue), followed by the Philippines which recorded RM67.079 million (32.18% of total revenue) and China which recorded RM38.497 million (18.47% of total revenue) following consolidation of the Group’s China operations in during the quarter in review. By product category, the Enterprise Data Management (“EDM”) Infrastructure Technology segment continued to dominate the Group’s revenue, amounting to RM169.519 million or 81.31% of total revenue, with EDM As-A-Service making up the balance.
Prospects The Company’s performance reflects a maturing and new digital transformation age where ”Data is the New Gold” with a comprehensive suite of Products and Services, especially As-A-Service. As a recognized leader in the space of Hybrid Cloud and Enterprise Class Data Management, Kronologi is poised to further accelerate its growth and extend Cloud and Data management enrichment into all industries that continue to embrace digital transformation in their operations. We are building an organization - a business that will support significantly higher levels of absolute revenue with a higher mix of recurring revenue over the long-term.
“Kronologi’s third quarter 2021 was transformative financially and operationally,” said Mr. Edmond Tay, Group CEO. “We acquired our China associate entity, and with just 3 months’ of consolidated contribution, the Group drove 64% profitability growth over the prior year. Our overall integration of the Group is delivering synergies with improved contributions across most of our major country Page 2 of 2 markets such as China, India and Hong Kong. This has provided us confidence to raise our full year 2022 guidance.”
During the sharing session,the CFO was answering to a question about transferring to main board. He stated clearly that they want to remain Big in Ace market rather than Small in main market. The CEO is ambitious,wanted to double the market cap,but what he did was thru private placement.Yes..revenue increase,net profit increase but what a small investors get ?The CEO told u yes,your share been diluted but no the share price ... That's what u get from this company.
KUALA LUMPUR (Jan 14): RHB Retail Research said Kronologi Asia Bhd is developing a minor consolidation below the 75 sen resistance, following its previous two sessions’ sharp rebound off the 21-day SMA line.
In a trading stocks note today, the research house said an upside breach of 75 sen could see the stock travelling towards the next resistance levels of 77.5 sen and 79.5 sen.
“A downside breach of 73 sen would negate this positive price forecast,” it said.
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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....
Posted by rocket > 2021-11-18 09:54 | Report Abuse
Just be patient...the banker is working hard to press down the price .just hold your bullet.