ITRONIC (9393): Company Shares Transactions

Widad’s largest shareholder appoints Industronics to manage Langkawi golf course, hotel development
https://theedgemalaysia.com/node/710811

Latest announcement -
OLYMPEX SDN BHD OSB has been appointed
as the PMC for only 2 components which is for hotel and golf course. The Gross
Development Value (GDV) for hotel is estimated at RM388 million, covering a total of 250
hotel rooms. However, GDV is not applicable for the Golf Course as the property is not
intended for sale.

2024-05-11 00:16

Micias84

time to roket

2024-05-13 16:34

Wtf, all sapu WA? Emak tak mau?

2024-05-14 09:46

buyer come in

2024-05-14 14:30

The Group expects performance for the financial year ending 30 June 2024 to be satisfactory in view of improved sales performance in its trading of watches business.
-----------
This statement by the company will be tested next week through its incoming QR3 2024. Hope for the best...

2024-05-26 01:56

Base on my BRIEF study on the QR3 2024 (The latesr QR) of Itronic:

(Note: A comparative figures from QR2 2024 included)

A: Sitting on negative reserve / accumulated loss widend to RM 8,046,278.

B: Not a cash rich company.

C. Total assets > Total liabilities, Total current assets > Total current liabilities, and has a small non-current liabilities only @ RM 1,089,007 – Means still has a low indebtedness risk.

D. Revenue up tremendously from the last quarter and the gross loss and net loss were decreased.

THE FINDINGS:

1. NTA 5 sen _ , QR2 2024 @ 5 sen.
2. NOSH 707.59 mil. _ , QR2 2024 @ 707.59 mil.

3. EQUITY
Share Capital RM 43,472,963 _ , QR2 2024 @ RM 43,472,963
Reserves / (accumulated losses) (RM 8,046,278) _ , QR2 2024 @ (RM 7,735,583)
Shareholders' funds RM 35,426,685 _ , QR2 2024 @ RM 35,737,380
Non-Controlling Interest RM 0 _ , QR2 2024 @ RM 0
TOTAL EQUITY RM 35,426,685 _ , QR2 2024 @ RM 35,737,380

4. Cash and Cash Equivalent:
Cash and bank balances RM 4 ,517 _ , QR2 2024 @ RM 1,441,030

5. Assets:
Current Assets RM 74,109,474 _ , QR2 2024 @ RM 73,506,067
Non-current Assets RM 15,224,293 _ , QR2 2024 @ RM 15,301,611
TOTAL ASSETS RM 89,333,767 _ , QR2 2024 @ RM 88,807,678

6. Liabilities:
Current Liabilities RM 52,818,075 _ , QR2 2024 @ RM 51,924,835
Non-current liabilities RM 1,089,007 _ , QR2 2024 @ RM 1,145,463
TOTAL LIABILITIES RM 53,907,082 _ , QR2 2024 @ RM 53,070,298

7. QR3 2024 results - Revenue RM 16,881,800 _ , QR2 2024 @ RM 6,962,162
- Gross profit / (loss) (RM 485,678) _ , QR2 2024 @ (RM 2,111,163)
- Net profit/(Net loss) (RM 2,161,615) _ , QR2 2024 @ (RM 3,360,151)

Note 1:

For the current quarter and year-to-date period ended 31 March 2024, the Group reported revenue of RM16.88 million and RM54.06 million respectively. Among these RM54.06 million, 99.31% was generated by the Hong Kong subsidiary, which primarily engages in the sales of watches. Malaysia operation which focusing on electronics & system integration operation, contributed RM0.12 million for the current quarter and RM0.37 million for year-to-date ended 31 March 2024.

For the current quarter and year-to-date period ended 31 March 2024, the Group incurred a loss before tax of RM2.16 million and RM5.00 million, respectively. The higher losses for the period ended 31 March 2024 primarily due to increased operating expenses resulting from accounting adjustment, particularly the recognition of an unrealised loss of RM2.13 million on outstanding debts owed to creditors. In addition, finance cost amounting to RM0.97 million mainly from third parties borrowing, have further increased overall loss
impact on the Group's financial performance.

Note 2:

The Group experienced a significant increase in revenue, rising from from RM6.96 million to RM16.88 million, reflecting a growth of RM9.92 million or 142%. This growth was primarily attributed to improved sales from watch operation. The Group recorded a slightly higher loss before tax of RM2.16 million compared to RM2.11 million in the preceding quarter mainly due to a decrease in profit contribution from associate, which amounted to RM0.01 million for the current quarter as compared to RM0.09 million in preceding
quarter.

Note 3: Prospects

The Group anticipates that its performance for the financial year ending 30 June 2024 will be satisfactory in view of the improved sales performance in the watches trading segment. The Group will continue to focus on improving its e-commerce platform to deliver better user experience and increase customer satisfaction.

The Group intends to penetrate into new markets by establishing Halal Food & Beverage restaurants and Halal Convenience Stores in Hong Kong. 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 Pulau Langkawi. The Board believes that these business will generate positive cash flow for the Group and contribute to enhancing shareholders' value.

2 months ago

Widad sudah jalan, ini anytime.

2 months ago

Sanusi holds talks with China delegation on Kulim airport
https://www.freemalaysiatoday.com/category/nation/2024/06/10/sanusi-holds-talks-with-china-delegation-on-kulim-airport/
This news?

2 months ago

Looks like big brother disposing shares??

2 months ago

blahbleh

then who's buying?

2 months ago

Just a guessing... Hope not!!!

Hope it's only the operator activity...
Whether to closed their fund @Itronic or
A PRELUDE TO THE NEXT GORENG ACTIVITY. TAYOR

2 months ago

Monitoring next few days trading volume... Also waiting for any announcement. The cloud will look more clearer. TAYOR

2 months ago

shashen

any chance to go above 10c?

2 months ago

Any party/parties is/are closing their fund invested in Itronic??
or
Any bad news about the company will occur later??

1 month ago

shashen

nothing to share?

1 month ago

Not an insider. Only a very small retailer who keep guessing, searching and doing some analysis of my targeted counter to invest in.... TAYOR

1 month ago

Anyways...
I think Bluemount Investment Fund (which ceased to be substantial shareholder on 10 Jun 2024) could be the culprit of yesterday's sell off...
As per my observation, the said investor could still has around 10 mil shares on the date of ceasing announcement.

TAYOR

1 month ago

Based on Anual Report 2023.

ANALYSIS OF SHAREHOLDINGS as at 29 September 2023
1. MAYBANK SECURITIES NOMINEES (ASING) SDN BHD
EXEMPT AN FOR MAYBANK SECURITIES PTE LTD (A/C 648849)- For Bluemount Investment Fund 211,658,700 29.913%
2. AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD.
PLEDGED SECURITIES ACCOUNT FOR CHU BOON TIONG (Executive Director) 29,078,160 4.109%
3. YEO HONG CHYE 15,522,800 2.194%

ANALYSIS OF WARRANT A HOLDINGS as at 29 September 2023
1. MAYBANK SECURITIES NOMINEES (ASING) SDN BHD
EXEMPT AN FOR MAYBANK SECURITIES PTE LTD (A/C 648849) - For Bluemount Investment Fund 84,375,000 41.658%
2. AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD.
PLEDGED SECURITIES ACCOUNT FOR CHU BOON TIONG (Executive Director) 25,626,000 12.652%
3. TYE LIM HUAT 7,500,075 3.703%

1 month ago

Lately,

Bluemount Investment Fund ceased to be substantial shareholders (on 13.6.2024)
and
Executive Director Chu Boon Tiong on 20.6.2024 trimmed his shareholding for just only @8,045,760 units of share or 1.137% of shareholding.

1 month ago

Current situation in Itronic. Not so good situation, I think...

No more substantial shareholders in the company.
and
Directors who manage the company without holding any substantial share shareholding.

1 month ago

It must be good if there is any new substantial shareholder could emerge.... Just a hope..

1 month ago

Silentreader88

52 Weeks Range (0.035 - 0.09). Current price is at all time low already, sea bed. Second QR 30 June will be announced end of August. If slight improvement, definitely there will be some movement (up) of the share price. So nothing much to discuss until the date

1 month ago

Silentreader88

forever sleeping counter. if no operator wanna goreng, then this stock can consider dead already.

3 weeks ago

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD

DATUK CHU BOON TIONG Executive Director
No of Securities Held 1,926,360
------------
Towards incoming QR4 2024 @ the end of August.....

This director want to acquire or want to sell his shares?????
He has just a few shares left, is it possible for him to SELL all his shareholding???
By the way, he is an EXECUTIVE DIRECTOR of this company...

Already don't know what to expect.... Hope for the best... TAYOR

3 weeks ago

big block

3 weeks ago

MZM2511

It must be good if there is any new substantial shareholder could emerge.... Just a hope..

1 month ago

--------------------

DATO' LEONG SIR LEY, a substantial shareholder of Yong Tai's appointed as an Itronic director....

Expect something can be happened here.... TAYOR

2 weeks ago

Nice iron lady coming

2 weeks ago

speakup

Yong Tai takeover Itronic?

2 weeks ago

My plan: keep monitoring...
Try to accumulate some shares @ the lowest price which I can get. TAYOR

1 week ago

ni stock sampah

1 week ago

goodbye

1 week ago

one_trader

Bad news coming soon. Sell before too late. Good luck!

1 week ago

one_trader

PN17

3 days ago

@one_trader. Do not play-play like this if your info is not correct....

3 days ago

@one_trader...
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3 days ago