INDUSTRONICS BHD
KLSE (MYR): ITRONIC (9393)
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Last Price
0.035
Today's Change
+0.005 (16.67%)
Day's Change
0.03 - 0.035
Trading Volume
166,100
Overview
Market Cap
25 Million
NOSH
708 Million
Avg Volume (4 weeks)
271,720
4 Weeks Range
0.03 - 0.04
4 Weeks Price Volatility (%)
50.00%
52 Weeks Range
0.03 - 0.09
52 Weeks Price Volatility (%)
8.33%
Previous Close
0.03
Open
0.035
Bid
0.03 x 14,965,500
Ask
0.035 x 2,804,000
Day's Range
0.03 - 0.035
Trading Volume
166,100
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2024 [#4] | 29-Aug-2024
Next QR | Est. Ann. Date
30-Sep-2024 | 28-Nov-2024
T4Q P/E | EY
-6.24 | -16.01%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.04 | 0.88
T4Q NP Margin | ROE
-7.24% | -14.01%
Market Buzz
News and Blogs
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 3,554 comments
Follow Medusa buy low sell high
Follow anis sampah bin buy high sell low🤭
Kikiki…
2024-02-20 11:20
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
Is time to collect....next qtr result will be better revenue and profit after company invest into Halal Food business in Hong Kong
2024-04-18 17:01
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.
2024-05-30 21:12
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
2024-06-10 16:44
Monitoring next few days trading volume... Also waiting for any announcement. The cloud will look more clearer. TAYOR
2024-06-10 23:43
Any party/parties is/are closing their fund invested in Itronic??
or
Any bad news about the company will occur later??
2024-06-27 21:57
Not an insider. Only a very small retailer who keep guessing, searching and doing some analysis of my targeted counter to invest in.... TAYOR
2024-06-28 12:57
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
2024-06-28 14:46
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%
2024-06-28 15:03
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.
2024-06-28 15:14
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.
2024-06-28 15:21
It must be good if there is any new substantial shareholder could emerge.... Just a hope..
2024-06-28 15:34
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
2024-07-04 17:58
forever sleeping counter. if no operator wanna goreng, then this stock can consider dead already.
2024-07-30 12:18
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
2024-07-30 18:07
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
2024-08-07 17:55
My plan: keep monitoring...
Try to accumulate some shares @ the lowest price which I can get. TAYOR
2024-08-11 20:24
@one_trader...
----
SC turut memberi amaran kepada pengendali webinar, seminar, media sosial dalam talian, dan bilik sembang aplikasi pesanan yang lain agar berhenti menjalankan aktiviti nasihat pelaburan tanpa lesen. SC memantau rapi perkara ini dan, sekiranya wajar, akan mengambil tindakan terhadap mereka yang melanggar undang-undang sekuriti.
Orang ramai juga diminta agar melaporkan kepada SC sekiranya mereka telah dihubungi oleh individu tidak berlesen yang menawarkan nasihat pelaburan modal di Aduan@seccom.com.my atau hubungi talian + 603-6204 8999.
2024-08-21 17:16
Section 205 of CMSA – Manipulation of Price of Derivatives and Cornering
No person shall, directly or indirectly manipulate or attempt to manipulate the price of derivatives that may be dealt in on a derivatives market, or of any underlying instrument which is the subject of such derivatives or corner, or attempt to corner, any underlying instrument which is the subject of a derivative.
Illustration 10 - Scalping
The person trading is also responsible for giving buy or sell recommendations, e.g. purchases a security before recommending the security, and then sells the security at a profit upon the rise in the market price following the recommendation.
2 months ago
Base on my BRIEF study on the QR4 2024 (The latesr QR) of Itronic:
(Note: A comparative figures from QR3 2024 included)
A: Revenue, profitability and NTA.
Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
726K 1,025K 1,037K 0.15sen 4 sen Up 148% Down 67%
B: Sitting on negative reserve of (RM 13,745,834).
C: Not a cash rich company.
D: Total assets > Total liabilities, Total current assets > Total current liabilities, and has a small non-current liabilities only @ RM 1,079,464.
E: Revenue down tremendously from the last quarter.
THE FINDINGS:
1. NTA 4 sen _ , QR3 2024 @ 5 sen.
2. NOSH 707.59 mil. _ , QR3 2024 @ 707.59 mil.
3. EQUITY
Share Capital RM 43,472,963 _ , QR3 2024 @ RM 43,472,963
Reserves / (accumulated losses) (RM 13,745,834) _ , QR3 2024 @ (RM 8,046,278)
Shareholders' funds RM 29,727,129 _ , QR3 2024 @ RM 35,426,685
Non-Controlling Interest RM 0 _ , QR3 2024 @ RM 0
TOTAL EQUITY RM 29,727,129 _ , QR3 2024 @ RM 35,426,685
4. Cash and Cash Equivalent:
Cash and bank balances RM 80,910 _ , QR3 2024 @ RM 4 ,517
5. Assets:
Current Assets RM 64,012,057 _ , QR3 2024 @ RM 74,109,474
Non-current Assets RM 9,264,729 _ , QR3 2024 @ RM 15,224,293
Assets held for slae RM 5,009,425 _ , QR3 2024 @ RM 0.00
TOTAL ASSETS RM 78,286,211_ , QR3 2024 @ RM 89,333,767
6. Liabilities:
Current Liabilities RM 47,479,618 _ , QR3 2024 @ RM 52,818,075
Non-current liabilities RM 1,079,464 _ , QR3 2024 @ RM 1,089,007
TOTAL LIABILITIES RM 48,559,082 _ , QR3 2024 @ RM 53,907,082
7. QR4 2024 results - Revenue RM 725,737 _ , QR3 2024 @ RM 16,881,800
- Gross profit / (loss) (RM 446,643) _ , QR3 2024 @ (RM 485,678)
- Net profit/(Net loss) RM 1,036,656 _ , QR3 2024 @ (RM 2,161,615)
2 months ago
Note 1:
For the current quarter and year-to-date ended 30 June 2024, the Group reported a revenue of RM0.73 million and RM54.79 million respectively. Among these RM54.31 million, 99.13% 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 RM0.11 million for the current quarter and RM0.48 million for year-to-date ended 30.6.2024.
For the current quarter and year-to-date ended 30.6.2024, the Group recorded a profit before tax of RM1.03 million and a loss before tax of RM3.98 million, respectively. The lower losses for the year ended 30 June 2024 primarily due to unrealised gain from foreign currency translation amounting to RM 4.62 million. On the other hand, the increased operating expenses resulting from accounting adjustment, particularly the recognition of impairment loss on receivables of RM2.09 million, finance cost amounting to RM1.30 million mainly from third parties borrowing, share of loss of an associates of RM0.77 million, have further increase the overall loss impact on the Group's financial performance. In addition, the recent increase in the cost of sales and decrease in revenue from watches segment contributed lesser profit to the Group.
Note 2:
The Group posted a revenue of RM0.73 million as compared to RM16.88 million in the preceding quarter, a decrease of RM16.15 million.The main reason for the lower revenue recorded in the fourth quarter primarily due to slowdown of sales from watch operation. The Group recorded a proft before tax of RM1.03 million compared to loss before tax of RM2.16 million in the preceding quarter mainly due to unrealised gain from foreign translation amounting to RM6.77 million recognised n this quarter. However, the reported profit before tax was reduced as there is share of loss from an associate of RM0.93 million for the current quarter as compared to share of profit of associate of RM0.01 million in preceding quarter, impairment loss on receivables amounting to RM2.09 million provided in the current quarter. In addition, The Group recorded a gross loss from selling watches of RM0.46 million as compared to gross profit of RM0.47 million in the preceding quarter. The gross loss was mainly due to increase in cost of sales and decrease inrevenue as a result of the Customer's response to the prevailing economic downturn.
Note: Prospects
The Group will continue to focus on consolidating its existing business to stregthen its presence in the watches industry and improve sales performance of watches trading segment. The Group may strategically decided to invest more in attracting customers such as offering discounts, running promotional campaigns or increaasing marketing efforts to draw in customers who are willing to spend due to economic uncertaintie. The Group is also planning to set-up sales gallery of watches in Malaysia, at the same time to improve 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
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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....
ysyap84
Today started to move up loh...break thru 0.065 to resume an uptrend....
2024-02-20 10:33