$HEXZA / 3298 (HEXZA CORPORATION BERHAD): Sell at Wrong Time, Miss Big Profit

In 2023, $HEXZA / 3298 (HEXZA CORPORATION BERHAD) sold 18,000 shares of NVDA in September 2023 and 10,000 shares in October 2023 (https://cutt.ly/ReinhNXV). As per the announcement in December 2023, the company plans to divest another 20,000 NVDA shares over the next 12 months.

The question arises: How many NVDA shares does the company currently hold, and what is their average price?

The company initially acquired approximately 50,000 NVDA shares, with the first investment dating back to 2017. Over time, the company divested some shares in 2018 and repurchased some in 2023. The average price per NVDA share stands at $93.15. With the latest trading price at $1,224.40, this represents an impressive return of approximately 1,214 times.

Considering the divestment of 28,000 shares in 2023, the company is left with approximately 22,000 NVDA shares. With 20,000 shares slated for divestment this year, the remaining 22,000 NVDA shares would amount to approximately $26.94 million (~RM126.53 million), which is roughly 62% of $HEXZA / 3298 (HEXZA CORPORATION BERHAD)'s current market capitalization.

Regarding investments in SYM, following the divestment of NVDA shares, the company purchased 185,000 shares in SYM last year at an average price of $41.98 per share. Currently, SYM shares are trading at $39.85 per share, resulting in a paper loss for HEXZA.

In conclusion, had HEXZA retained its NVDA shares until today, they would be valued at approximately $61.22 million (~RM287.57 million), surpassing HEXZA's current market capitalization of RM204.4 million. Considering the company's profitability, its market capitalization would likely exceed RM300 million if it had not divested any NVDA shares.