FRONTKN - Twin-engine mythical stock
When you think of INARI, you think $Broadcom(AVGO.US$ When you think of FRONTKN, you definitely think of TSMC. FRONTKN's PAT fell 5.5% in the first half of the year, one of the fewest declines in the semiconductor sector. Mainly because the oil and gas sector performed well, offsetting the decline in the technology business.
Entering the second half of the year, the company said that Petronas' contract remains positive, and another customer, TSMC, will perform better in the second half of the year than in the first half. As a result, the stock price performance is very strong, and the stock price has rebounded more than 60% from the previous bottom.
FRONTKN has actively expanded in the past two years. FY23 cash soared to a record high level due to the completion of CAPEX, and Net Cash reached RM380.6 mil. With oil prices remaining high and the semiconductor sector resuming growth next year, I believe FY24 Frontkn is expected to reach another peak. Mutual encouragement.
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投资座右铭：价值为主，技术为辅，心态之上
在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。
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