INDUSTRONICS BHD

KLSE (MYR): ITRONIC (9393)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.05

Today's Change

0.00 (0.00%)

Day's Change

0.045 - 0.05

Trading Volume

657,900

Overview

Market Cap

35 Million

NOSH

708 Million

Avg Volume (4 weeks)

2,191,390

4 Weeks Range

0.04 - 0.055

4 Weeks Price Volatility (%)

66.67%

52 Weeks Range

0.035 - 0.09

52 Weeks Price Volatility (%)

27.27%

Previous Close

0.05

Open

0.05

Bid

0.045 x 7,700,300

Ask

0.05 x 6,636,200

Day's Range

0.045 - 0.05

Trading Volume

657,900

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#2] | 27-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 31-May-2024

T4Q P/E | EY

-21.88 | -4.57%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.05 | 1.00

T4Q NP Margin | ROE

-3.83% | -4.57%

Market Buzz
Company Profile

Sector: TECHNOLOGY

Sector: TECHNOLOGY

Subsector: TECHNOLOGY EQUIPMENT

Subsector: TECHNOLOGY EQUIPMENT

Description:

Industronics Bhd is primarily engaged in design and manufacturing of electronic products. It operates through following segment namely Electronics & System integration, Security systems, mechanical & electrical engineering and other production. The firm's presence can be seen in HongKong, Singapore, and Malaysia. Majority of its revenue comes from Other operation.

Discussions
2 people like this. Showing 50 of 3,531 comments

de_investor

Towards LU..afternoon somebody had parking 0.37. Hahaaa

2024-01-11 23:46

stncws

wait for rebound soon

2024-01-12 14:58

stncws

sell down now, 7c.....game is consider over

2024-01-12 16:09

Winner38

Park at 0035~0040 again..
Dont take risk, the Higher the waves, the bigger the Impact 🌊

2024-01-14 11:54

MZM2511

Apart from Datok Chu's announcement on his divestment of shares, I expect there maybe other announcement probably to come... Just my expectation..
---------

If there will be any good announcement, the price probably will recover for second wave... TAYOR

2024-01-14 15:06

Medusa

Follow Medusa buy low sell high

Follow anis buang sampah bin buy high sell low

Kikiki…

2024-01-15 09:49

anisbin

Medusa...😂😂😂

2024-01-15 11:50

anisbin

Mother share
6 sen support
7 sen resistance

2024-01-16 09:53

anisbin

Cup & handle pattern...

2024-01-16 10:01

Medusa

Kata will break new high

Kata will uptrend

Kata will LU

Nak tipu ikan bilis bahlol bolehla

Nak con medusa susah sikit

Kikiki…

2024-01-18 15:19

Whiteevoque

Pullback low volume. Ready for minor wave 3. Looks like cup and handle pattern as well. First tp 9.5, next 10-12

2024-01-19 07:59

scaniaz

😁

2024-01-19 15:29

BILLC

This is a grade A cap Ayam counter,,,why going longkang?,,,,haha,,,,

2024-01-26 15:04

Signal

volume besar yang pump hari tu belum keluar ! tunggu oversold nak kutip kutip !

2024-01-26 15:12

MZM2511

Including me... Sold dulu... Waiting for lower price to re-enter.. He He He

2024-01-26 15:17

MACD

H4 Macd almost cross up, later can enter

2024-01-29 10:01

Winner38

Don't surprise if suddenly drop to 0045 kiki

2024-01-29 19:04

Zolan2020

fly later ni

2024-01-31 10:45

Medusa

Pelik bin ajaib

Mana budak2 promoter dah masuk gua kah?

Kikiki…

2024-02-07 00:50

MZM2511

Already in a cleared position.... Waiting for incoming QR result at the end of this month...
Right time and at a right price,,,, Hope can reenter again...
A lot of thanks to Itronic counter for my BEST first entry and out with a great win.

2024-02-07 06:01

MZM2511

My comments:
Itronic tried to explore opportunities in the "halal" business related...
I think it's a good idea.. Should be good for a long run.
--------
The Board of Directors of ITRONIC (“Board”) wishes to announce that the Company had on 7 February 2024 acquired 30,000 ordinary shares in the capital of HGL for a cash consideration of HKD1.00 (“the Proposed Acquisition”).

RATIONALE FOR THE PROPOSED ACQUISITION
Malaysia’s Halal Certification is internationally renowned and recognized. ITRONIC as a
Malaysia based Company, is keen to expand Malaysia's Halal Food and Beverages across
Southeast Asia, starting with an initial focus on Hong Kong.

The Proposed Acquisition aims to facilitate ITRONIC in establishing Halal Food & Beverage Restaurants and Halal Convenience Stores in Hong Kong. The Proposed Acquisition is anticipated to yield mutual benefits for both Malaysia and Hong Kong, notably through the availability of select Malaysian Halal pastries and other Halal products within the Hong Kong market.

2024-02-09 03:22

Whiteevoque

Hopefully will test 10-12c soon. New business injection with the halal f&b business in south east asia will become major catalyst to break above 20c in long run

2024-02-17 08:35

ysyap84

Today started to move up loh...break thru 0.065 to resume an uptrend....

2024-02-20 10:33

anisbin

Ysyap84 yes... Go go go itronic... Medusa where are U...🤭

2024-02-20 10:47

Medusa

Follow Medusa buy low sell high

Follow anis sampah bin buy high sell low🤭

Kikiki…

2024-02-20 11:20

anisbin

Medusa 😂😂😂

2024-02-20 11:24

MACD

should tp now ? I think its pretty high already

2024-02-20 16:01

MZM2511

Set your own TP.. and TAYOR

2024-02-20 16:06

Whiteevoque

Once break 9sen will test 10-12 and then 15-16sen. New business injections will spur more growth for the company.

2024-02-20 17:03

MACD

come on new round

2 months ago

ysyap84

Still failed to break through 0.075, may temporary loss the steam....

2 months ago

MZM2511

Base on my BRIEF study on the QR2 2024 (The latesr QR) of Itronic:

(Note: A comparative figures from QR1 2024 included)

A: Sitting on negative reserve / accumulated loss of RM 7,735,583.

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 1,338,063 – Means still has a low indebtedness risk.

D. QoQ, Revenue drop and net loss widened.


THE FINDINGS:

1. NTA 5 sen _ , QR1 2024 - 6 sen.
2. NOSH 707.59 mil. _ , QR1 2024 - 707.59 mil.

3. EQUITY
Share Capital RM 43,472,963 _ , QR1 2024 - RM 43,472,963
Reserves / (accumulated losses) (RM 7,735,583) _ , QR1 2024 - (RM 4,375,432)
Shareholders' funds RM 35,737,380 _ , QR1 2024 - RM 39,097,531
Non-Controlling Interest RM 0 _ , QR1 2024 - RM 0
TOTAL EQUITY RM 35,737,380, _ , QR1 2024 - RM 39,097,531

4. Cash and Cash Equivalent:
Cash and bank balances RM 1,441,030 _ , QR1 2024 - RM 375,334

5. Assets:
Current Assets RM 73,506,067 _ , QR1 2024 - RM 76,048,004
Non-current Assets RM 15,301,611 _ , QR1 2024 - RM 15,183,252
TOTAL ASSETS RM 88,807,678 _ , QR1 2024 - RM 91,231,256

6. Liabilities:
Current Liabilities RM 51,924,835 _ , QR1 2024 - RM 50,795,662
Non-current liabilities RM 1,145,463 _ , QR1 2024 - RM 1,338,063
TOTAL LIABILITIES RM 53,070,298 _ , QR1 2024 - RM 52,133,725

7. QR1 2024 results - Revenue RM 6,962,162 _ , QR1 2024 - RM 30,219,482
- Gross profit / (loss) (RM 2,111,163) _ , QR1 2024 - RM 1,329,317
- Net profit/(Net loss) (RM 3,360,151) _ , QR1 2024 - (RM 499,212)

Note 1:

For current quarter and year-to-date ended 31 December 2023, the Group reported a revenue of RM6.96 million and RM37.18 million respectively. Out of the total revenue, 99.31% revenue was mainly contributed from Hong Kong subsidiary, which involved in the sales of watches, while Malaysia operation which is involved in electronics & system integration operation has contributed RM0.14 million for the current quarter and RM0.26 million for year-to-date ended 31 December 2023.

The Group's loss before tax stood at RM2.11 million in the current quarter and RM2.84 million for current year-to-date ended 31 December 2023 mainly due to higher operating expenses from accounting adjustment of unrealised loss of RM1.01 million on outstanding debts owing to creditors. In addition, finance cost of RM0.65 million from third parties borrowing has further increased loss impact to the Group

Note 2:

The Group registered lower revenue of RM6.96 million for the current quarter compared to RM30.22 million registered in the immediate preceding quarter ended 30 September 2023, a declined by 77%, due to lower sales from watches operation.

For the current quarter, higher net loss of RM2.11 million reported compared to RM0.73 million in the preceding quarter arises from lower sales performance from watches operation.

Note 3: Prospects

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. The Group will continue to focus on upgrading and enhancing the e-commerce platform to ensure better user experience and engagement, in anticipation of the higher traffic from increase in the number of users visiting this platform.

The Group intends to penetrate into new markets, which is establising Halal Food & Beverage restaurant and Halal Convenience Stores in Hong Kong. The Board is in the opinion this business will generate positive cash flow for the Group and enhance shareholders's value.

2 months ago

Raiz368

Is time to collect....next qtr result will be better revenue and profit after company invest into Halal Food business in Hong Kong

1 month ago

IlmuKhodam

Moving? Halal Food doing well in Hong Kong?

3 weeks ago

Raiz368

Today rebound..

3 weeks ago

Raiz368

Good qtrly report to be out next mth

3 weeks ago

IlmuKhodam

Seem like insiders already know something

3 weeks ago

Whiteevoque

Abc correction has completed. Now time to move up for wave 3

3 weeks ago

scaniaz

🛒

2 weeks ago

seesea

disc price

2 weeks ago

seesea

tp.075,.09

2 weeks ago

IlmuKhodam

Industronics among top actives after inking MOA for Langkawi duty-free city project
https://theedgemalaysia.com/node/687236

Widad - Land owner. Itronic - Project Management. CHEC - Contractor.

CHEC - China Harbour Engineering Company Ltd (CHEC) is an engineering contractor and a subsidiary of China Communications Construction Company (CCCC). ECRL Contractor.

"Meanwhile, Industronics is tasked with engaging with landowners to secure the land for the development of the duty-free city, including negotiations pertaining to pricing, terms and conditions.

CHEC, on the other hand, will offer consultation services for the design of the duty-free city and undertake construction. CHEC will also discuss potential investment in the project, which may involve contributing a portion of the construction costs associated with the duty-free city."

1 week ago

IlmuKhodam

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.

1 week ago

Micias84

time to roket

1 week ago

Silentreader88

yes, will rocket soon.
somemore, epf account 3 will boost penny stock

6 days ago

IlmuKhodam

Wtf, all sapu WA? Emak tak mau?

6 days ago

Silentreader88

Relax, mother will fly too afternoon

6 days ago

seesea

buyer come in

6 days ago

Post a Comment