3REN BERHAD
KLSE (MYR): 3REN (0328)
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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....
paktua73
18,363 posts
Posted by paktua73 > 1 week ago | Report Abuse
repost back article from BursaKakis
3REN Bhd (3REN, 0328)
Riding on the growth in automation and tech
3REN Bhd (3REN, 0328) home grown company with over 16 years track record providing comprehensive automation and engineering solutions to key customer Intel and other MNCs across Malaysia's semiconductor lifecycle, from front-end to back-end processes.
🎯 We forecast +23.5% in earnings for FY25, with 3REN's fair value at RM0.45, based on FY25 PER 20x closely with industry peers and at discount to Bloomberg's 36x PER consensus for the Bursa Malaysia Technology Index.
1️⃣ 3REN has built strong relationships primarily within the semiconductor and electrical and electronics (E&E) industries, serving key clients such as Intel, KellyOCG, and several multinational companies (MNCs).
💎 In 2023, 3REN expanded its client base by acquiring new clients, including Customers D and E, with a high retention rate (69%) from recurring customers, reflecting its service quality and reliability within these competitive industries.
💎 3REN continues to broaden its client base, amid concerns of their major client Intel's recent layoffs and revenue challenges.
💎 As Intel restructure, opportunities for increased outsourcing places 3REN at sweet spot to capture more business. This aligns with industry trends where large technology firms increasingly outsource functions to boost efficiency, likely strengthening demand for 3REN's cost-effective engineering solutions and improving client retention.
2️⃣ R&D and innovation.
💎 3REN allocating RM5.1 million, (16.56% of listing proceeds), to establish (R&D) innovation center at its Tangkas plant 9, investing in IT software, recruiting expertise in field of AI, data science, and cloud engineering.
💎 3REN will also further develop its Nervii platform and Universal Test Automation Platform (Uni-TAP), targeting commercialization by 4QCY26.
3️⃣ Geographical expansion.
💎 3REN plans to establish two Delivery Centres in Penang to bolster its product engineering services segment and streamline operations by shifting project work from customer premises to these dedicated facilities.
💎 This allows 3REN to offer more sophisticated engineering services and provide value-added offerings, including turnkey embedded design services.
💎 Furthermore, 3REN plans to establish a sales and marketing office in Singapore by 1H25, with recent orders from Singaporean clients already contributing 2.6% of 6MFY24 revenue, underscore its ability to secure more projects in the region and demonstrate promising growth momentum.
💎 The company also aims to expand globally, with offices in India and the US over the next five years, strengthening its global presence.
4️⃣ Earnings visibility.
💎 RM30.4m outstanding orderbook providing earnings visibility for FY24 and FY25.
credits too ##Rakuten Trade Ideas 06112024** also..
tut tut
see on RD reviews related to R&D AI needs