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

speakup

https://theedgemalaysia.com/node/700432
apa ni?

2024-02-08 21:29

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

2024-02-22 10:47

ysyap84

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

2024-02-22 15:52

Raiz368

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

2 months ago

IlmuKhodam

Moving? Halal Food doing well in Hong Kong?

2 months ago

Raiz368

Today rebound..

2 months ago

Raiz368

Good qtrly report to be out next mth

2 months ago

IlmuKhodam

Seem like insiders already know something

2 months ago

Whiteevoque

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

2 months ago

scaniaz

🛒

2 months ago

seesea

disc price

1 month ago

seesea

tp.075,.09

1 month ago

Hazman Zaini

https://theedgemalaysia.com/node/710811

1 month 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 month 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 month ago

Micias84

time to roket

1 month ago

IlmuKhodam

Wtf, all sapu WA? Emak tak mau?

1 month ago

seesea

buyer come in

1 month ago

MZM2511

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...

1 month ago

MZM2511

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.

1 month ago

IlmuKhodam

Widad sudah jalan, ini anytime.

3 weeks ago

IlmuKhodam

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?

3 weeks ago

MZM2511

Looks like big brother disposing shares??

3 weeks ago

blahbleh

then who's buying?

3 weeks ago

MZM2511

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

3 weeks ago

MZM2511

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

3 weeks ago

shashen

any chance to go above 10c?

2 weeks ago

MZM2511

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

5 days ago

shashen

nothing to share?

5 days ago

MZM2511

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

5 days ago

MZM2511

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

5 days ago

MZM2511

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%

5 days ago

MZM2511

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.

5 days ago

MZM2511

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.

5 days ago

MZM2511

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

5 days ago

Silentreader88

Can you imagine, if one operator push this cheap sleeping stock, within one day 100% is easy! especially warrant. I had most fruity ROI in this stock couple months back. Unbelievable.

4 hours ago