26 April 2024

Our Stocks Watchlist

Dufu @ RM1.78 (Now RM2.09) – Hold for long term and should be benefiting from both Seagate and WesternDigital strong Q3 (March 2024) reported with revenue growth and volume of HDD shipped which we have posted for your reading. Both looking at further double digit % growth for Q4 June 2024

Notion @ 59.5 Sen – Though we do not like the management performance and delivery of good result. Company had done kitchen sinking for FY 30 Sept 2023 of RM39 million with impairment of PPE of RM31 million and inventory write down of RM 8 million respectively and Company reported good Q4 Sept result could be in the process of turning around. The Co HDD business will be benefit from Western Digital Growth as WD is the Company’s HDD customer. Monitor their Q1 2024 result and the business outlook and look at the price volume movement to move in.

Notion bonus issue of warrant of 10 for1 and the Company’s securities will be traded and quoted “[EX-BONUS ISSUE]” as from: 02 May 2024 and the last date of lodgment : 03 May 2024

IFCAMSC – just ride on the market momentum and business news on Einvoicing and after Q1 Report would have better feel of outlook.

ADB - just ride on the market momentum and business news on Einvoicing and after Q1 Report would have better feel of outlook.

PIE @RM 3.39 (Now RM5.76) – Too late to board the bus

RGB @30 Sen (Now @40 Sen) – potentially catalyst for further growth to have dominance gaming machines market in Philippines with regularization of the gaming industry and Philippines Players upgrading their facilities with the booming industry. Looking at recent price volume, we think there is still leg to move up


QES now @59 Sen is valuable stocks to enter. We heard trading of PPE for steal industries orders had been overwhelming and staff are paid above 3 mths bonus.

Recently orders from a German MNC with worldwide presence for test equipments. This could give Co to make inroad worldwide if the custome found it to be good and reliable.

Inari @RM 306 will recover and report better outlook and profit when their China Plant commenced operation with huge potential as Chinese semiconductors and RFID sensor Companies or Players will need Inari JVC to support their development.


ONG Companies
Deleum@ RM1.30 (Now RM1.43) – good to hold and assess the co progress.

Wasco @ RM1.29 (now @RM– a gem to be for 2024 with project in hand

Coastal – no point cutting now just hold and wait for confirmation of extension of contract and new positive developments.

Ulicorp – value buy below RM1.40 (Now @RM1.50)

SKB Shutters – only for investors with longer term perspective

Samchem – Chemical and distribution business is seeing improvement in performance.

Bahvest @54 Sen. Can buy low and we believe when the BV Warrant expired on 20 Aug 2024 the share will vroom vroom. New shareholders and management would have clean out the mismanagement and gold pilferage.

$INARI / 0166 (INARI AMERTRON BERHAD) $QES / 0196 (QES GROUP BERHAD) $INARI / 0166 (INARI AMERTRON BERHAD) $BAHVEST / 0098 (BAHVEST RESOURCES BERHAD)