Focus Dynamics Group Berhad

RHB TOP PICKS Q4 2024

$MPI / 3867 (MALAYSIAN PACIFIC INDUSTRIES BERHAD) $DAYANG / 5141 (DAYANG ENTERPRISE HOLDINGS BERHAD) $GCB / 5102 (GUAN CHONG BERHAD) $FOCUS / 0116 (FOCUS DYNAMICS GROUP BERHAD) $SIMEPROP / 5288 (SIME DARBY PROPERTY BERHAD)

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

Change in Audit Committee - TAN SRI DATO’ SERI TAN KING TAI @ TAN KHOON HAI

Change in Boardroom - TAN SRI DATO' SERI TAN KING TAI @ TAN KHOON HAI

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

General Meetings: Outcome of Meeting

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND/OR TRADING NATURE (PROPOSED NEW SHAREHOLDERS' MANDATE)

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONSFOCUS DYNAMICS GROUP BERHAD (FOCUS OR THE COMPANY)
- PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (PROPOSED NEW SHAREHOLDERS' MANDATE)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSFOCUS DYNAMICS GROUP BERHAD (FOCUS OR THE COMPANY)
- SHARE SALE AGREEMENT BETWEEN FOCUS AND MR. ONG KAH HOE

Change in Audit Committee - ENCIK ABDUL MENON BIN ARSAD @ ABDUL MANAN BIN ARSHAD

Change in Remuneration Committee - ENCIK ABDUL MENON BIN ARSAD @ ABDUL MANAN BIN ARSHAD

Change in Nomination Committee - ENCIK ABDUL MENON BIN ARSAD @ ABDUL MANAN BIN ARSHAD

Change in Boardroom - ENCIK ABDUL MENON BIN ARSAD @ ABDUL MANAN BIN ARSHAD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MORGAN STANLEY

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MITSUBISHI UFJ FINANCIAL GROUP, INC

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MITSUBISHI UFJ FINANCIAL GROUP, INC

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MORGAN STANLEY

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MORGAN STANLEY

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MITSUBISHI UFJ FINANCIAL GROUP, INC

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MORGAN STANLEY

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MITSUBISHI UFJ FINANCIAL GROUP, INC

OTHERSFOCUS DYNAMICS GROUP BERHAD (FOCUS OR THE COMPANY)
- EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM RIGHTS ISSUE OF ICPS WITH WARRANTS

Consolidated results for the financial period ended 30/09/2023

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MORGAN STANLEY (Amended Announcement)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MITSUBISHI UFJ FINANCIAL GROUP, INC

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MORGAN STANLEY

Change in Financial Year End

$FINTEC / 0150 (FINTEC GLOBAL BERHAD) Keeps Bleeding

I initially learned about FINTEC during the pandemic period of 2020, which coincided with the company posting impressive financial results. Some even likened it to the Malaysian counterpart of Berkshire Hathaway. In FY2020, FINTEC recorded revenue of RM20.4 million and a net profit of RM226.7 million. Subsequently, in the following year, the company experienced significant growth, with revenue reaching RM86.8 million and a substantial increase in net profit, amounting to RM809.9 million. But

In FY2023,
1. The company generated revenue of RM22.28 million, marking a 15.7% increase from RM19.26 million in FY2022.
2. However, the company's gross profit still showed a loss of RM0.21 million, but this represented a significant improvement from the losses of RM1.95 million in FY2022, narrowing by 89.2%.
3. The company's overall profit after losses amounted to RM32.23 million, a notable decrease from RM86.99 million in FY2022, narrowing by approximately 62.7%.
4. Total assets of the company decreased from RM284.72 million to RM245.41 million, reflecting a decline of about 14%.
5. Concurrently, the company's liabilities decreased from RM40.86 million to RM33.79 million, marking a reduction of approximately 17%.
6. FINTEC operates in four main business segments, each with varying results:
- Portfolio Investment: This segment contributes the largest share of revenue to the company, totaling RM19.64 million (about 88% of the company's revenue). However, it also represents a major source of losses for the company, amounting to RM23.8 million.
- Biotechnology Products: This business contributes RM1.59 million in revenue (approximately 7.1%), but it also resulted in losses of RM721,000.
- Financial Services: This is the only segment that generated a profit for the company, with revenue of RM233,000 and a net profit of RM1.9 million.
- Glove Business: This segment contributed RM812,000 in revenue (3.6%) but incurred losses of RM6.87 million.
7. To assess the company's overall performance, particular attention should be paid to its portfolio investment segment, as it constitutes the largest portion of the company. In Q4FY22, the company reported revenue of RM3.87 million and a net loss of RM43.35 million. In contrast, in Q4FY23, revenue decreased to RM1.49 million, and losses narrowed to RM2.61 million. The reduced mark-to-market losses in this segment played a significant role in the decreased losses.
8. It's important to note that FINTEC remains a major shareholder in companies such as $FOCUS / 0116 (FOCUS DYNAMICS GROUP BERHAD), $DGB / 0152 (DGB ASIA BERHAD), $NETX / 0020 (NETX HOLDINGS BERHAD), and $SEACERA / 7073 (SEACERA GROUP BERHAD). The share prices and profitability of these companies directly impact FINTEC's share price and revenue.
9. I personally don’t recommend anyone to invest in these related companies even they reported profit in the coming quarterly announcement or in the future because their profit can't be sustain and I do believe that there is still something related between them even though FINTEC no longer shareholder in some of these companies. The company registered address is already a prove.

The update above is more an alert rather than analysis.