Hi, mooers!
$99SMART (5326.MY)$ is expected to officially start trading on Sep 9.
For the balloting in respect of applications received from the Malaysian public, a total of 49,354 applications for
678,585,100 IPO Shares were received, resulting in an overall oversubscription rate of 3.04 times.
How will the market react to the IPO results? Make your guess now!
(Vote will close at 14:30 am M...

$SDRED (2224.MY)$ wow.
new high with Volume

$SDRED (2224.MY)$ new high in one year

$DXN (5318.MY)$ How much further can we go?

$KGB (0151.MY)$
KGB's business includes the delivery system of ultra-high purity (UHP) gases and chemicals, General Contracting & Process Engineering.
In 2018, the company raised funds through a Private Placement to build its first carbon dioxide liquefaction plant 🏭, creating a sustainable passive income. Plant 1 was completed in 2019, so you can see that the CAPEX for 2019 was a historical high of RM33.5 million.
With the management's efforts, the industrial gas business contributed over RM15 million in PAT in FY2022, and is expected to reach between RM25 - 30 million in 2023, with a high gross margin of 30%. Although it only accounts for 7% of the company's revenue, it contributes nearly a quarter of the profit.
Due to strong demand for liquefied carbon dioxide, the company started the construction of Plant 2 in 2022. P2 has a capacity of up to 70,000 MT, which is 40% more than Plant 2's 50,000 MT, with a total capacity of 120,000 MT. Therefore, the CAPEX for 2023 reached a new historical high of RM69.17 million, and Plant 2 will commence operation in March 2024.
Plants 3 and 4 are planned to be completed by FY2023. These new plants will further increase the company's production capacity and contribute to future growth.

$KAWAN (7216.MY)$
#KAWAN achieved a new record in annual sales.
#Cash is also at a high level.
In our country, most consumer stocks have entered a bottleneck in recent years due to a lack of population dividend stimulation. However, in 2023, some food consumption companies have greatly improved their revenue through acquisitions and exports.
Among them, the companies that achieved record-high revenue include F&N, OFI, HUPSENG, ABLEGLOB, APOLLO, and KAWAN. Except for KAWAN, the stock prices of the other companies have all reached a new 52-week high. The gradual decrease in raw material prices is also a major reason for the improvement in the margins and profitability of these companies.
KAWAN is a well-known frozen food company. In 23Q3, it had a one-time loss of nearly RM4 million, including foreign exchange losses and inventory write-offs. Assuming these are deducted, the YoY profit in Q4 can grow by more than 30%.
In the past 3 years, KAWAN's total PAT was RM100.9 million, with an average annual PAT of RM33.6 million. Due to ample production capacity and low CAPEX, the company's cash has reached new highs every year after distributing dividends. Therefore, in 2023, the company conducted a RM22.9 million Share Buy Back, equivalent to 76% of the PAT in 2023, and will continue to conduct Share Buy Back in 2024.
Regarding the outlook, the company mentioned...

$FortressMinerals (OAJ.SG)$ good quarter results

$FRONTKN (0128.MY)$
#Oil & gas technology dual engine.
#Holding cash waiting for good acquisition opportunities.
There are several companies in Malaysia that do not directly benefit from AI, but indirectly benefit. One of them is FRONTKN, because its main customer is Taiwan's Hushan TSMC. One of TSMC's customers is an AI company, NVIDIA, so FRONTKN indirectly serves TSMC and NVIDIA. This statement may sound far-fetched, but the stock price is the best proof. FRONTKN has risen 26% this year (although FY23 earnings have declined by 9.2%), and major customer TSMC has risen 41.5%.
In addition to the recovery of the technology business in 2024, the oil & gas business also accounts for 20% of the total business. Therefore, the main customer PETRONAS will continue to increase its CAPEX this year, and FRONTKN will have another busy year.
Technology + energy oil & gas = growth in 2024.
In 2021 and 2022, FRONTKN bought land in Kaohsiung, Taiwan to build a new factory to meet the needs of its major customers. Although 2023 is a downturn cycle, the previous expansion can finally contribute in 2024.
As 2022 CAPEX comes to an end, the CAPEX of 2023 only spent RM15.1 million, distributed dividends of RM40.845 million, and spent little money. Therefore, by saving in 2023, Net Cash will exceed R...

Good morning mooers! Here are things you need to know about today's market:
●Markets Rebound with Q1 Earnings Underway
●FBM KLCI Rises to Highest in Almost Two Years
●Local Institutions Expected to Absorb Net Selling by Foreign Portfolio Funds on Bursa Malaysia
●Stocks to watch: Capital A, DXN
-moomoo News MY
Wall Street Summary
Indexes held onto gains on Tuesday as Q1 earnings reports began to roll in. The $S&P 500 Index (.SPX.US)$ traded up...