Good sign ๐๐
KUALA LUMPUR (June 18): Notion VTec Bhd (KL:NOTION), whose share price reached a decade high on Tuesday, said the surge could be attributed to its strong financial performance recovery, an industry turnaround, and heightened investor interest following a report in The Edge Malaysiaweekly.
In response to an unusual market activity (UMA) query from Bursa Malaysia Securities, Notion said it recorded positive returns for the first two quarters of the current financial year ending Sept 30, 2024 (FY2024), leading to favourable responses from both retail and institutional investors, indicating confidence in its future prospects.
In response to an unusual market activity (UMA) query from Bursa Malaysia Securities, Notion said it recorded positive returns for the first two quarters of the current financial year ending Sept 30, 2024 (FY2024), leading to favourable responses from both retail and institutional investors, indicating confidence in its future prospects.
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Paul Anthony Chin : tq Sir with this learn
ocean66 OP Paul Anthony Chin : WC np. Jz sharing as we all just wanna earn profits.
ocean66 OP : KUALA LUMPUR (June 21): Hong Leong Investment Bank (HLIB) Research has initiated coverage on Notion VTec Bhd (KL:NOTION) with a โbuyโ rating at RM1.98 with a target price of RM3.28, pegged to 30x of mid-CY2026 fully diluted earnings per share.
It said the company is well positioned to capitalise on these key trends: (i) increasing adoption of AI; (ii) advancements in disk storage capacity; (iii) global manufacturing diversification; and (iv) revival of the electrical and electronics sector.
In a note on Friday, the research house said Notionโs FY2022-2026 turnover is projected to expand at a compounded annual growth rathe of 13%, yielding an impressive earnings turnaround from a core loss after tax of RM14 million in FY2022 to a core net profit of RM48 million/RM56 million/RM62 million in FY2024/2025/2026.