$ATAIMS / 8176 (ATA IMS BERHAD): A Notable Investor Takes the Spotlight
Mr. Ooi Keng Thye, a lesser-known but accomplished individual investor in Malaysia, has steadily built a reputation in the investment community, particularly in the tech sector. Though not as widely recognized as prominent figures like Fong Siling and Koon Yew Yin, Mr. Ooi's investment successes provide valuable insights for those interested in technology stocks.
1. $FRONTKN / 0128 (FRONTKEN CORPORATION BERHAD): Among Mr. Ooi's most successful ventures is his investment in FRONTKN. During a period when the company's fundamentals were shaky and its share price hovered between RM0.15 and RM0.20, Mr. Ooi made a strategic move, purchasing shares at around RM0.15 to RM0.30. By FY14, he had acquired a significant stake of 2.8 million shares, eventually increasing his holdings to 141 million shares by FY18. This investment is widely regarded as one of Mr. Ooi's most successful endeavors.
2. $INARI / 0166 (INARI AMERTRON BERHAD): Mr. Ooi also became a substantial shareholder of INARI in FY13. However, subsequent rights issues diluted his stake, and he no longer appeared as a significant shareholder in later years.
3. $GTRONIC / 7022 (GLOBETRONICS TECHNOLOGY BERHAD): As of the FY23 annual report, Mr. Ooi holds 74.2 million shares in GTRONIC, with the latest updates indicating an increase to 76.9 million shares, further solidifying his position in the tech sector.
4. Recent Developments in ATAIMS: The latest FY24 report from ATAIMS reveals Mr. Ooi as a substantial shareholder with 25.9 million shares. ATAIMS had previously faced challenges, including significant losses following the loss of Dyson as a major customer. However, the share price has shown signs of recovery, and the company recently announced a partnership with a Chinese firm to explore opportunities in the household and electrical appliances market.
5. $NOVAMSC / 0026 (NOVA MSC BERHAD): Beyond these well-known companies, Mr. Ooi is also the largest shareholder in NOVAMSC, holding a 14.79% stake. However, the future profitability of this loss-making company remains uncertain.
1/4