$FRONTKN / 0128 (FRONTKEN CORPORATION BERHAD) 2024 AGM

📌 Development:
✅ United States: FRONTKN indicates a willingness to develop in the US, likely due to TSMC's needs.
✅ Japan: Development is not being considered in Japan as it primarily remains at the mature 28nm process.
✅ Singapore: Some development will take place in Singapore.

📌 Scope of Services:
✅ Advanced Machinery: Frontken services machinery below the 7nm process and can support up to the 2nm process.
✅ Profit Margin: Despite rising utility costs, maintaining profit margins is crucial, indicating a deep competitive moat.

📌 Cleaning of Packaging Machinery:
✅ 3D Packaging: Advanced 3D packaging, including CoWoS machinery, does not require extensive support from Frontken and has only a small demand currently.
✅ Outlook in Malaysia: No significant near-term outlook for advanced packaging in Malaysia.