Cabnet Holdings Berhad

Titan Trading Notes For Wednesday [18/12/2024]:

$KLCI closed red today around the 1597 points region with an overall negative market sentiment as we saw over 700 counters closing red for the day along with it. Daily trading volume almost hit 3 billion but was mostly dominated by selling activities.

Main stocks that showed strong buying momentum would be the likes of PESTECH, ARMADA, ASTRO, MAYBANK, OMESTI, MEGAFB, HEXIND, and CABNET. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$CABNET / 0191 (CABNET HOLDINGS BERHAD) since retracing all the way back towards the RM 0.27+ major support levels earlier last month, been recovering up quite well and was even breakout back towards the RM 0.44+ regions today with good volume and buying momentum.

Seems to have bottomed out already here. As long as able to hold above its RM 0.38+ support levels on the daily chart, could continue to trend back up towards the RM 0.50+ major resistance levels soon in the coming weeks.

Will be monitoring CABNET closely here as seems to be coming back strongly.

$ARMADA / 5210 (BUMI ARMADA BERHAD) since consolidating over the pat 2 weeks her around the RM 0.62+ support levels on the daily chart, been able to form a strong higher low base region and broke out all the way towards the RM 0.665 regions today with good volume and buying momentum.

This is quite a bullish signal here considering how it's able to perform despite the weak market sentiment. Definitely on a strong uptrend wave here. As long as able to hold above its RM 0.64+ support, could trend back up towards the RM 0.70+ major resistance levels soon.

Will be monitoring ARMADA closely

Overall market seems to be pulling back here, but i believe the tech sector could be the next big thing here as it's been on a long downtrend over the past few years already. The recent huge rebound could be the first sign of an incoming larger recovery wave.

Will definitely be monitoring the tech sector here. Of course, we won't be expecting it to be a smooth ride, so still have to trade cautiously and prepare for a choppy move up.

Titan Weekend Chart Reviews

$CABNET / 0191 (CABNET HOLDINGS BERHAD)

Potential double bottom here around the RM 0.45+ main support regions and had been rebounding well over the past week.

For now as long as able to sustain above its RM 0.58+ immediate support levels, could breakout from the RM 0.67 immediate downtrend resistance level for an uptrend continuation pattern soon.

Support: RM 0.58, RM 0.55 areas
Resistance: RM 0.635, RM 0.65, RM 0.67 areas

Titan Trading Notes For Thursday [11/7/2024]:

$KLSE-KLCI rebounded back towards the 1618 points region with an overall mixed market sentiment as we still saw almost 550 counters closing red for the day. Daily trading volume remained average around the 4.7 billion mark today.

Main stocks that showed strong buying momentum today would be the likes of DATAPRP, WCT, JAKS, CABNET, BINTAI, PESTECH, NOVAMSC, JCY, MYEG, CIMB, SNS, UUE, PERDANA, MAHSING, JTGROUP, and MINOX. All of which were able to sustain their rallies throughout the day on the top volumes list.

$WCT / 9679 (WCT HOLDINGS BERHAD) since its huge breakout from the RM 0.85+ major resistance levels last month, had been trending upwards with huge volume and buying momentum over the past 2 weeks, breaking out all the way towards the RM 1.07 regions today despite being overbought.

For now still looking very strong here and as long as able to hold above its RM 0.95+ immediate support levels on the hourly charts, could continue on towards and beyond the RM 1.07+ regions for an uptrend continuation pattern soon.

Will be monitoring WCT closely here to see how far it can go.

$CABNET / 0191 (CABNET HOLDINGS BERHAD) was also a star performer today was it managed to breakout strong from its RM 0.615+ major resistance levels and rallied all the way towards the RM 0.72 regions with huge volume and buying momentum today.

For now still looking quite strong here and as long as able to hold above its RM 0.665+ immediate support levels, could continue on towards and beyond the RM 0.72+ regions for an uptrend continuation pattern.

Will be monitoring CABNET closely here as still on a strong uptrend.

$ATAIMS / 8176 (ATA IMS BERHAD) although had a good breakout towards the RM 0.575 regions today, was unable to sustain its buying momentum and retraced all the way back towards closing red at RM 0.55 today.

Overall still looking quite good here and as long as able to sustain above its RM 0.52+ immediate support levels, could continue on towards and beyond its RM 0.58+ major resistance levels for an uptrend continuation pattern soon.

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

Annual Report & CG Report - 2024

General Meetings: Notice of Meeting

Changes in Director's Interest (Section 219 of CA 2016) - MR YONG THIAM YUEN

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Titan Trading Notes For Tuesday [25/6/2024]:

$KLSE-KLCI resumed its retracement, closing red around 1589 points today with an overall negative market sentiment as we saw over 900+ counters closing red along with it for the day. Daily trading volume also saw a dip back towards the 5 billion mark, which is still fine for a bad day.

Main stocks that showed strong buying momentum today would be the likes of TECHBASE, GDB, KAB, VS, MCLEAN, CABNET, TANCO, WONG, and CAPITALA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the negative market sentiment.

$MCLEAN / 0167 (MCLEAN TECHNOLOGIES BERHAD) since consolidating over the past month here with RM 0.25+ as its main support, was able to breakout strong from its RM 0.34+ major resistance today, rallying all the way towards the RM 0.43 regions with huge volume and buying momentum.

For now looking very strong here, potentially on a parabolic rally and as long as able to hold above its RM 0.38+ immediate support levels on the hourly charts, could continue on towards and beyond the RM 0.45+ regions soon.

Will be monitoring MCLEAN closely here to see how it develops. Seems like something big could be brewing here.

$CABNET / 0191 (CABNET HOLDINGS BERHAD) although retraced back towards its RM 0.525+ support levels yesterday,m was able to have a good rebound back towards the RM 0.59+ regions with good volume and buying momentum today despite the weak market sentiment.

For now still looking quite strong here and as long as able to hold above its RM 0.575 immediate support, could continue on towards and beyond its RM 0.635+ regions in the coming weeks here.

Will be monitoring CABNET closely.

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) since retracing all the way back towards its RM 1.08+ main support levels last week, had been able to hold well above its support and bounced back strong towards the RM 1.20 regions today with good volume and buying momentum.

For now as long as able to hold above its RM 1.15+ immediate support levels, could continue on towards and beyond its RM 1.25 - RM 1.30 all time high levels soon for an uptrend continuation pattern.

Titan Trading Notes For Friday [21/6/2024]:

$KLSE-KLCI resumed its retracement and closed back red towards the 1592 points region with an overall negative market sentiment as we still saw over 800 counters closing red for the day. Daily trading volume also saw a dip back towards the 5 billion mark, mainly dominated by sellers.

Main stocks that showed strong buying momentum would be the likes of VS, KTI, CABNET, ATAIMS, SEALINK, RGB, TOPGLOV, DFX, GFM, and TECHNAX. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$VS / 6963 (V.S. INDUSTRY BERHAD) since breaking out from its RM 0.915+ major resistance over the past 2 months, had been trending upwards here strongly on the daily chart, even rallying all the way towards the RM 1.26 regions today with huge volume and buying momentum.

So far looking very bullish here and as long as able to hold above its RM 1.14+ immediate support levels on the daily chart, could continue on towards and beyond the RM 1.30+ regions for an uptrend continuation pattern.

Will be monitoring VS closely here to see how far it can go. I believe big funds are flowing into here which led to the large surge in share prices.

$CABNET / 0191 (CABNET HOLDINGS BERHAD) since retracing back towards the RM 0.36+ support levels over the past few days, managed to form a strong higher low region and rallied all the way towards the RM 0.56 regions today with huge volume and buying momentum.

For now still looking very bullish here and as long as able to sustain above its RM 0.46+ immediate support levels, could continue on towards and beyond the RM 0.56+ regions soon for an uptrend continuation pattern.

Will be monitoring CABNET closely here to see how far it can go here.

$ATAIMS / 8176 (ATA IMS BERHAD) since retracing back towards its RM 0.44+ main support levels yesterday, had been able to hold well above this support region and broke out all the way towards the RM 0.53 regions with huge volume and buying momentum today.

Seems to be looking very strong here and as long as able to hold above its RM 0.485+ immediate support levels, could continue on towards and beyond the RM 0.54+ major resistance levels for a parabolic rally continuation pattern.

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Director's Interest (Section 219 of CA 2016) - MR YONG THIAM YUEN

KUALA LUMPUR: Cabnet Holdings Bhd jumped 53% in early trade after securing a RM46mil contract from Jayaplus Development Sdn Bhd.

KUALA LUMPUR: Cabnet Holdings Bhd’s wholly-owned subsidiary Cabnet M&E Sdn Bhd has been appointed as the sub-contractor for electrical works worth RM46 million for a project in Johor Bahru, Johor.

OTHERSCabnet Holdings Berhad ("CHB" or "the Company")
- Acceptance Letter of Award from Jayaplus Development Sdn. Bhd.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSCabnet Holdings Berhad (Cabnet or the Company)
- Sale and Purchase Agreement enter by Cabnet Systems (M) Sdn. Bhd., a wholly-owned subsidiary of Cabnet.

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 🤣🤣

Quarterly rpt on consolidated results for the financial period ended 30/11/2023

Quarterly rpt on consolidated results for the financial period ended 31/08/2023

General Meetings: Outcome of Meeting

Quarterly rpt on consolidated results for the financial period ended 31/05/2023

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting

Changes in Director's Interest (Section 219 of CA 2016) - MR TAY HONG SING

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR TAY HONG SING

OTHERSCABNET HOLDINGS BERHAD ("CHB" or "the Company")
Acceptance of Facilities by CABNET M&E SDN. BHD. (formerly known as CEE M&E ENGINEERING SDN. BHD.), a wholly-owned subsidiary of Cabnet

OTHERSTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS
Cabnet Holdings Berhad ("Cabnet" or "the Company")
- PROPOSED DISPOSAL BY CABNET M&E SDN BHD ("CME"), A WHOLLY-OWNED SUBSIDIARY OF CABNET HOLDINGS BERHAD ("CABNET"), OF A UNIT OF SERVICED APARTMENT HELD UNDER STRATA TITLE GERAN 537924/M1A/22/172 LOT 48351 BANDAR JOHOR BAHRU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR ("PROPERTY")

PROPOSED DISPOSAL BY CABNET M&E SDN BHD ("CME"), A WHOLLY-OWNED SUBSIDIARY OF CABNET HOLDINGS BERHAD ("CABNET"), OF A UNIT OF SERVICED APARTMENT HELD UNDER STRATA TITLE GERAN 537924/M1A/22/172 LOT 48351 BANDAR JOHOR BAHRU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR ("PROPERTY") ("PROPOSED DISPOSAL")