KLSE (MYR): YBS (0025)
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Last Price
0.61
Today's Change
0.00 (0.00%)
Day's Change
0.605 - 0.615
Trading Volume
423,700
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YBS OBTAINING LOAN FROM OCBC
1. If anyone is doubting on which financial institution is going to be the funder.
2. Just google yourself.
3. "YBS will obtain $70 million in financing for manufacturing operations under the Agreement from OCBC Bank (Malaysia) Berhad (“OCBC”). Enovix is in discussions with OCBC to provide collateral for YBS’ financing arrangement."
1 month ago
PENANG, 1 August 2023 -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company and YBS International Berhad (“YBS”) (MESDAQ: YBS:KLS), a Malaysia-based investment holding company with segments including electronic manufacturing and assembly, high-precision engineering, and precision machining and stamping, among others, came together today to mark a momentous occasion – the signing ceremony of the Manufacturing Supply Agreement (MSA). The event signifies the commencement of a strategic partnership between the two industry players and celebrates the establishment of a cutting-edge next-generation battery manufacturing facility in Penang Science Park.
1 month ago
No surprise today, but luckily share price still can hold above 70sen.
But maybe will slowly go back to 65sen.
Save more money to accumulate more units if the price drop.
1 month ago
$70mil or about rm320mil loan will come with hefty interest charges. This is do or die investment.
1 month ago
From the article, seems like 1) Factory acceptance test - August, First production - April 2024 from Fab 2 factory
1 month ago
Just keep & hold as it may take times to see the results ! New gems in my portfolio
1 month ago
In my own opinion, Since collab between $ENVX n YBS, there is possibilty it can attract outsider investor/trader, maybe 🤷. Since ybs price is still a good opportunity to go in. $ENVX shares among popular stock right now.
1 month ago
In YBS, people are looking into the Enovix deal now.... Can producrion be up and producing by April 2024.... dun think its recent QR holds much weight in its pricing now.....
1 month ago
Yes makeba..... Q1 2024 starting production on Gen 2 line 1 Enovix battery..... up to 9 million per year.... make US2 per battery already US18 million per year.... what is a loss of RM1 mil from previous Q..... Q1 2024 is not very far off.... Stock market suppose to be 6 mths forward looking....
1 month ago
When ybs start churning out 9 million batteries per annum starting from April 2024, how much should ybs valus its share price???
2 weeks ago
When does genetech share price start to rise when the get their tesla battery deal???
2 weeks ago
Machines coming into YBS science park Penang starting Oct 2023.... Manufacturing starting early next year 2024...... By April 2024, YBS science park will also be able to manufacture big batteries ie. for EVs........ ir.enovix.com
2 weeks ago
anybody knows if the Penang plant only do the Zone 1 HVM and ships to US for Zone 2 to 4, or do from Zone 1 to 4?
https://enovix.medium.com/our-path-to-high-volume-manufacturing-6264681857df
1 week ago
FREMONT, Calif., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, today announced its standard IoT and Wearable-sized batteries have been chosen by Accurate Meditech for their Class II FDA-Approved "Mini" multi-vital sign monitor.
The Accurate Mini continuously monitors blood pressure, pulse rate and other vital signs. Accurate Meditech received FDA clearance in June 2023. With an Enovix battery, the Mini is anticipated to last over four months on a single charge, a 35% improvement compared to standard graphite batteries. It will be available over the counter and sold at CVS, Walgreens and Walmart in the U.S. in the second half of 2024.
3 days ago
Albukhary
IkanBilisIkanJerung, appreciate if you could share the first hand news to all the YBS supporter in this group.
Thank you very much in advance.
1 month ago