Building on the data centre themed discussion, just noted an interesting stock $CABNET / 0191 (CABNET HOLDINGS BERHAD)

1. Its subsidiary ITWIN Asia Technology, AMPLOGIX are heavily involved in data centre infrastructure projects, eg. Cooling, Backup Recovery (extremely vital for data centre), Network Security, just to name a few. Seems well poised to be a beneficiary of data centre hype. Management says it can handle >60% data centre needs (cited from AGM 2021 Q&A)

2. Headquartered at Johor (extra plus point?), its core business is building management services, and serve top MNC principals like Microsoft, Dell

3. Fundamentally, the revenue has been recovering but PAT is still suffering because of high interest and commodities prices such as steel prices (not sure if this bearish factor should have been foregone by now in valuation).

4. That said, its profitability is hitting new high at 3.1 million, its last highest was 4.7million in 2018, which is more than 5 years ago. Cash flow is also decent with around 14 million in cash balances versus its small market cap of 46m (~1/3). In the recent QR it’s orderbook stands at around RM150m

5. Technical chart wise, it gives me a very strong feel of $PWRWELL / 0217 (POWERWELL BERHAD), before its recent rally. Consolidating still currently with MA aligning, strong support base but considering its a 20 cent stock each bid could be very painful

6. Shareholding structure wise, highly concentrated with 80+%, but it only takes 300k share to be in top30 lol which is around 80k value, extremely low entry barrier

All in all, the position seems to be well poised fundamentally and technically to have good upside if its coming quarters profit leaps further or it gets some big contract announcement. Will back up with some technical analysis chart later on

But as usual, as I’m extremely bad at fundamental analysis in depth, appreciate sifu @terence775 if can give any more financial insights on the coming quarters’ earning visibility 🤣🤣