Kronologi Asia Berhad

$KRONO / 0176 (KRONOLOGI ASIA BERHAD)
Many have given up hope on this company. But I still am holding some.

Data storage is a secular theme that enables KRONO to move forward. KRONO previously served Baidu, a feather in its cap. Cashflow from operations are often positive. Profit trend is rather erratic, but note that the 2020 loss was for one-off non-cash impairment, which means its past 5 years record is commendable. KRONO is also owner-operated, where management's interests align with shareholders.

Personally, I would consider going for warrants if it reaches 3sen. But at present, I won't add & will read its upcoming QR first.

KRONO is 21sen. A screaming buy would be half its price.

OTHERSKRONOLOGI ASIA BERHAD ("KRONOLOGI" or "THE COMPANY") - Article Entitled "Kronologi expects stronger revenue in coming quarters"

$KRONO / 0176 (KRONOLOGI ASIA BERHAD)

$KRONO / 0176 (KRONOLOGI ASIA BERHAD) Q1FY25 Performance

📌 Total revenue for the quarter was RM 57.75 million, an 8.4% decrease compared to RM 63.03 million in the same period last year.

📌 Major revenue contributions came from Singapore, China, and the Philippines, accounting for 84.8% of the overall revenue.

📌 The company's revenue is comprised of two segments: EDM Infrastructure Technology (70.7%) and EDM As-A-Service (29.3%).

📌 Gross profit for the quarter was RM 14.46 million, down from RM 15.3 million in the same period last year.

📌 Profit before tax was RM 1.15 million, a significant decline from RM 3.39 million in the previous year.

📌 Net profit for the quarter was RM 1.44 million, compared to RM 2.55 million last year.

📌 Net cash position for this quarter is RM63.9 million, which translates to a net cash per share of RM0.07.

📌 The company's customer retention and engagement metrics remained strong, as evidenced by the stable gross margin during the period, as it collaborated with customers to navigate the uneven economic recovery and planned IT spending over the coming quarters.

📌 Additionally, the company is retooling its balance sheet structure and strategically aligning its investments to position KRONO for long-term agility while meeting the increasing demand for enterprise-wide generative AI acceleration.

Kronologi Asia Bhd is aiming for a revenue of RM300mil to RM400mil for its financial year 2025 (FY25), a 15% to 20% hike from the previous year, driven by growth in both its business segments.

General Meetings: Outcome of Meeting

$KRONO / 0176 (KRONOLOGI ASIA BERHAD)
Research by APEX
Hold – TP of MYR 0.44

“Lacklustre Start”

Results review. In 1QFY25, net profit declined 43.4% yoy and 10.4% qoq to RM1.4m. The yoy decrease was primarily due to lower revenue and higher costs, particularly from depreciation. The qoq decline was attributed to seasonality effects, as clients typically spends lower IT expenditure at the beginning of the year. Revenue for the quarter decreased 8.4% yoy and 36.5% qoq to RM57.8m.

Analyst(s):
Jayden Tan
kdtan@apexsecurities.com.my

OTHERSKRONOLOGI ASIA BERHAD - PRESS RELEASE

Quarterly rpt on consolidated results for the financial period ended 30/04/2024

Annual Report & CG Report - 2024

General Meetings: Notice of Meeting

OTHERSKRONOLOGI ASIA BERHAD ("KRONOLOGI" OR "THE COMPANY")
- PROPOSED RENEWAL OF THE AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO TEN PER CENTUM (10%) OF ITS TOTAL NUMBER OF ISSUED SHARES

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

Changes in Director's Interest (Section 219 of CA 2016) - MR EDMOND TAY NAM HIONG

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR EDMOND TAY NAM HIONG

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

Changes in Director's Interest (Section 219 of CA 2016) - MR EDMOND TAY NAM HIONG

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR EDMOND TAY NAM HIONG

Additional Listing Announcement /Subdivision of Shares

OTHERSKRONOLOGI ASIA BERHAD ("KRONOLOGI" OR "THE COMPANY")
- OFFER OF SHARES UNDER THE COMPANY'S SHARE GRANT PLAN TO THE ELIGIBLE DIRECTOR AND EMPLOYEE OF THE COMPANY AND ITS SUBSIDIARIES ("GROUP")

$KRONO / 0176 (KRONOLOGI ASIA BERHAD)
Research by APEX
Buy – TP of MYR0.44

“Struggling with higher costs”

Krono’s FY24 core net profit at RM8.2m came below our expectations dragged by slow recovery and higher than expected in operations cost. Looking ahead, we remain optimistic over the long-term prospects with a clearer economic outlook. Maintained our BUY recommendation with lower target price of RM0.44 by pegging PE multiple of 17x to FY25F EPS of 2.6 sen.

Analyst(s):
Jayden Tan
kdtan@apexsecurities.com.my

Quarterly rpt on consolidated results for the financial period ended 31/01/2024

OTHERSKRONOLOGI ASIA BERHAD - PRESS RELEASE

Change of Company Secretary - LEE XIANG YEE

Change of Company Secretary - LEE SIEW FUN

20231220_Kronologi-3QFY24_Report
$KRONO / 0176 (KRONOLOGI ASIA BERHAD)

20230922_Kronologi-2QFY24_Report
$KRONO / 0176 (KRONOLOGI ASIA BERHAD)

Kronologi Asia Bhd expects customers to maintain a cautionary outlook for the rest of the financial year 2024, as it remains focused on delivering positive earnings and increasing value for its shareholders.

Quarterly rpt on consolidated results for the financial period ended 31/10/2023

OTHERSKRONOLOGI ASIA BERHAD - PRESS RELEASE