MZM2511Usually, there should be an impetus for certain counter to be goreng --- It might be caused by a positive reason or also it could be happened for a negative reason.... TAYOR
11/01/2024 9:29 PM
MZM2511But, what we can observe, even the director, Datok Chu disposed his shares earlier, @ a lower price than the highest price of this uptrending session @9 sen....
I concluded that even Dato Chu, do not know the highest target price of this "operator" (if any).......
11/01/2024 9:36 PM
de_investorTowards LU..afternoon somebody had parking 0.37. Hahaaa
Winner38Park at 0035~0040 again.. Dont take risk, the Higher the waves, the bigger the Impact 🌊
14/01/2024 11:54 AM
MZM2511Apart 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
MZM2511Already 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.
07/02/2024 6:01 AM
speakuphttps://theedgemalaysia.com/node/700432 apa ni?
08/02/2024 9:29 PM
MZM2511My 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.
09/02/2024 3:22 AM
WhiteevoqueHopefully 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
17/02/2024 8:35 AM
ysyap84Today started to move up loh...break thru 0.065 to resume an uptrend....
20/02/2024 10:33 AM
anisbinYsyap84 yes... Go go go itronic... Medusa where are U...🤭
ysyap84Still failed to break through 0.075, may temporary loss the steam....
22/02/2024 3:52 PM
MZM2511Base 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.
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.
