Highlights

Jom & Terry

Author: jomnterry   |   Latest post: Mon, 24 Aug 2020, 12:54 PM

 

SOLUTN (0093) - NOV 18 UPDATE

Author: jomnterry   |  Publish date: Wed, 18 Nov 2020, 6:24 PM


 

SOLUTN 

 

(0093)

 

NOV 18 UPDATE

 


 

http://t.me/jomnterry

#jntmarketobservation

 

DISCLAIMER

Study notes are for sharing purpose only. Stock valuation is beyond scope. No BUY/SELL recommendation.
 

 

1) MALAYSIA has chosen Chinese vaccine. Can be stored and transported between 2-4 degree Celsius. Easier.

 
 
 
2) KANGER & SOLUTN are potential bridges of Chinese vaccine.

 

 
 
DISCLAIMER
Study notes are for sharing purpose only. Stock valuation is beyond scope. No BUY/SELL recommendation.
 
 
 

KANGER (0170) - NOV 18 UPDATE

Author: jomnterry   |  Publish date: Wed, 18 Nov 2020, 6:22 PM


 

KANGER

 

(0170)

 

NOV 18 UPDATE

 


 

http://t.me/jomnterry

#jntmarketobservation

 

DISCLAIMER

Study notes are for sharing purpose only. Stock valuation is beyond scope. No BUY/SELL recommendation.
 

 

1) MALAYSIA has chosen Chinese vaccine. Can be stored and transported between 2-4 degree Celsius. Easier.

 
 
 
2) KANGER & SOLUTN are potential bridges of Chinese vaccine.


 
 
DISCLAIMER
Study notes are for sharing purpose only. Stock valuation is beyond scope. No BUY/SELL recommendation.
 
 
 

NOTION (0083) - WD IS ITS CLIENT (6 NOV UPDATE)

Author: jomnterry   |  Publish date: Fri, 6 Nov 2020, 12:14 PM


NOTION

(6 NOV UPDATE)

 


 

http://t.me/jomnterry

#jntstudynotes

#jntmarketobservation

 

DISCLAIMER

We share study notes for sharing purpose only. Our study notes are compiled from publicly available information. Our views could be inaccurate. Valuation and target price target beyond scope. Share prices are ultimately determined by Mr Market. Stock investment is risky. There is no BUY/SELL recommendation. Investors must be aware of the business risks behind the stock, as well as the stock market risks. Investors own all their investment decisions and decision outcomes.

 

 


 

NOV 5: WESTERN DIGITAL, RM2.3 BILLION INVESTMENT IN HDD PRODUCTION

On Nov 5, the Prime Minister’s Office said hard disk drive (HDD) manufacturer Western Digital Sdn Bhd will invest RM2.3 billion to upgrade its HDD facilities and boost its HDD output capacity in Malaysia.

Source: TheEdge, Nov 5

 

Western Digital (WD) is NOTION's client.

 

NOTION’S 3 BUSINESS SEGMENT UPDATES

  1. HDD
    • Based on latest quarterly result released on Aug 24, HDD demand remained.
    • On Nov 5, the Prime Minister’s Office said hard disk drive (HDD) manufacturer Western Digital Sdn Bhd will invest RM2.3 billion to upgrade its HDD facilities and boost its HDD output capacity in Malaysia. NOTION could potentially benefit. Investors may monitor this.
       
  2. Automotive
    • Based on latest quarterly result released on Aug 24, automotive segment was sharply lower.
    • In recent weeks, Proton and Toyota reported strong local car sales rebound in recent weeks. If car sales around the world rebounds as well, NOTION’s automotive segment may follow. Investors may monitor this.
       
  3. EMS
    • Based on latest quarterly result released on Aug 24, demand was sharply lower too.
    • That said, NOTION expects EMS orders to be strong from Q4 onwards.
    • This could be due to the evergreen, growing needs of electronics products as technology advances.
    • One of NOTION’s EMS clients is involved in homecare and floorcare appliances. Their products seem to sell well during the New Normal period. Double 11 may drive their sales. Investors may monitor this.
       
  4. Face Masks & Respirators
    • Received FDA approval. NOVID is the brand.
    • 3-ply surgical masks and PP meltbrown fabric are in production. Profitable.
    • NOTION plans to also expand 3 ply and meltblown capacity and include kids mask and N95 respirators.
    • Based on latest quarterly result released on Aug 24, additional purchase of new factory to cater for this expansion is needed soon.
       
  5. Nitrile Glove
    • NOTION will set up a total 9 glove production lines in phases in Klang, operation expected to start by stages in May and November 2021.
    • On Nov 2, NOTION announced it has obtained a certificate from the FDA for Financial Year 2021 for the Polymer Patient Examination Glove.
    • NOTION has also submitted the necessary documents to apply for the European Conformity (CE) marking certification for the nitrile gloves from the European Union and the approval is expected to be obtained soon.
    • Both certifications are necessary for marketing the nitrile gloves in the USA and Europe, in which the Company’s nitrile gloves is currently supplied by Original Equipment Manufacturers, and brand building of the “NOVID” brand will be taking place before the Company’s gloves production starts in middle of 2021.
       

BUSINESS RISKS

  • Besides venturing into healthcare, NOTION also has to take care of its existing businesses, namely HDD, Automotive and EMS.
  • It is challenging to handle existing businesses and new ventures successfully.
  • If new ventures do not work out as planned, or existing business is not well taken care of NOTION may be impacted financially.
  • There is no exact profit guidance from the management.
  • Sound business and risk managements are critical in ensure NOTION’s overall growth.

 

MARKET OBSERVATION

DUFU and JCY are involved in the HDD business. Buying interests emerge today.

NOTION is also involved in the HDD business.

In August, NOTION showed erratic upswing and downswing. Since then, it has undergone consolidation.

As of Nov 6, NOTION is nearing the end of a mildly-ascending triangle.

 

DISCLAIMER

We share study notes for sharing purpose only. Our study notes are compiled from publicly available information. Our views could be inaccurate. Valuation and target price target beyond scope. Share prices are ultimately determined by Mr Market. Stock investment is risky. There is no BUY/SELL recommendation. Investors must be aware of the business risks behind the stock, as well as the stock market risks. Investors own all their investment decisions and decision outcomes.

 

Labels: NOTION

POS (4364) - TURNAROUND IN SIGHT? YOU JUDGE.

Author: jomnterry   |  Publish date: Mon, 26 Oct 2020, 12:35 PM


POS

 

 (4634)

 

RECOVERY IN SIGHT?

YOU JUDGE.

 


 

http://t.me/jomnterry

#jntstudynotes

 

DISCLAIMER

Information is compiled from public sources. Our views are for sharing purpose only. They could be inaccurate. Valuation perspective is beyond scope. There is no BUY/SELL recommendation.

 


 

PREVIEW

If you noticed, share price of POS surged last week. This surge caught our attention. Curious and interested, we dived into POS study.

We think that dismissing POS as a potential stock simply because it has gone up a lot, is unwise. Instead, fundamental investors look for stocks based on fundamental analysis, instead of feeling whether a share price is ‘too high’ or ‘too low’.

Below are our study notes on POS.

 


 

LATEST NORM: BUYING THINGS ONLINE, NOT JUST BECAUSE WE WANT TO,

BUT ALSO BECAUSE WE NEED TO

“Based on EMIR Research's poll for the third quarter, respondents agreed that Covid-19 has resulted in the emergence of an economy that is reliant on technology.

A respondent said: "Now it seems that in the surrounding suburban areas, with the onset of Covid-19, we see a lot of these kind of businesses; suddenly many entrepreneurs have appeared. This means that (COVID-19) has created an economic opportunity and we now see a lot of online businesses and these online businesses are doing very well."

Source: New Straits Times

 

POS RUNS 4 BUSINESSES

  1. POSTAL (Core) – Courier and mail. 75% revenue contribution, largest business segment.
  1. LOGISTICS (Core) – Freight management and local automotive. 12% revenue contribution.
  1. AVIATION (Non-core) – Cargo and ground-handling business. 8% revenue contribution.
  1. OTHERS (Non-core) – Printing, digital certificates and Islamic collateral bonds. 5% revenue contribution.