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Last Price Today's Change   Day's Range   Trading Volume
1.09   +0.01 (0.93%)  1.07 - 1.09  85,700
1,629 comment(s). Last comment by kentrade888 at Nov 30, 2020 2:38 PM
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ITreeinvestor
144 posts

Posted by ITreeinvestor > Aug 28, 2019 9:49 PM | Report Abuse

quarter ended 31 March 2018 mainly due to a delay in product shipments to customers as a result of labour shortages in the Dongguan, China manufacturing plant. The Group has addressed the labour shortage by taking the approved steps to relocate the majority of its manufacturing operation in Dongguan to a newly incorporated subsidiary in Wuning, China where stable workforce is more easily achieved.


ITreeinvestor
144 posts

Posted by ITreeinvestor > Aug 28, 2019 9:49 PM | Report Abuse

quarter ended 30 June 2018. This is mainly due to a delay in product shipments to customers with sales value of approximately RM 2.2 million as a result of labour shortages in the Dongguan, China manufacturing plant. The Group has addressed the labour shortage by taking the approved steps to relocate the majority of its manufacturing operation in Dongguan to a newly incorporated
subsidiary in Wuning, China where stable workforce is more easily achieved.


ITreeinvestor
144 posts

Posted by ITreeinvestor > Aug 28, 2019 9:51 PM | Report Abuse

so labour shortages has addressed or not ???


SuperPanda
10260 posts

Posted by SuperPanda > Aug 28, 2019 11:03 PM | Report Abuse

the company still struggling with the relocation issue thus affected sales and productivity...

current price is at bottom already and not sure if it will drop more... i still hold ave .94 and see how it goes rest of the week

i see it may drop within 80+ range but if no big seller, it should remain above 90 after settle down


PotentialGhost
1262 posts

Posted by PotentialGhost > Aug 29, 2019 9:28 AM | Report Abuse

Someone take boleh tahan , see every day drop ,no hope ,just throw


PotentialGhost
1262 posts

Posted by PotentialGhost > Aug 29, 2019 9:31 AM | Report Abuse

From 4.90 to 0.77 how crazy!!


shpg22
2670 posts

Posted by shpg22 > Aug 29, 2019 9:38 AM | Report Abuse

This is the typical mountain stock. Climb high to peak and drop back to base. 95% of small cap company listed on bursa has this type of characteristic. So if you bought half way down thinking its a bargain, prepare to get whacked


shpg22
2670 posts

Posted by shpg22 > Aug 29, 2019 9:41 AM | Report Abuse

Buy only when it reaches base. For IQ that's around 0.30


dompeilee
7520 posts

Posted by dompeilee > Aug 29, 2019 9:43 AM | Report Abuse

Fong Siling getting force SOLD? lol


dompeilee
7520 posts

Posted by dompeilee > Aug 29, 2019 9:44 AM | Report Abuse

1million pledged shares with RHB


shpg22
2670 posts

Posted by shpg22 > Aug 29, 2019 10:04 AM | Report Abuse

From 4.90 to 0.77 how crazy!!
That's the problem, nobody complain when price shoot up from 0.30 in 2013 to 4.50 (adjusted). Only screaming when its going down. BTW 0.77 is not the base yet, 0.30 is.


SuperPanda
10260 posts

Posted by SuperPanda > Aug 29, 2019 10:15 AM | Report Abuse

i only buy small qty bet on their profit but seems not a correct decision.. the mgmt made mistake on 1st relocation and then has to redo to new place.. hopefully it has settle down with the new place and start to focus on their sales

however led market is getting tougher due to competition so it has to work harder to position its product


SuperPanda
10260 posts

Posted by SuperPanda > Aug 29, 2019 10:48 AM | Report Abuse

FA wise, mgmt good manage its finance since it has no debt.. cash still available and book value discount almost 50%.. it must start to profit next qtr if not more selling will happen


michaelwong
2675 posts

Posted by michaelwong > Aug 29, 2019 12:42 PM | Report Abuse

Terrible downhill with faulty brakes . Resemble pos from 5++ down to this date . Not all stocks can qualify to keep long term .


shpg22
2670 posts

Posted by shpg22 > Aug 29, 2019 1:27 PM | Report Abuse

Every stock is qualify for long term. Just need to buy at base, not peak


sense maker
524 posts

Posted by sense maker > Aug 29, 2019 3:40 PM | Report Abuse

The fall should continue till 60sen or below.


lalalila
6 posts

Posted by lalalila > Aug 29, 2019 6:15 PM | Report Abuse

Did anyone attend AGM today? Anything to share ^^


SuperPanda
10260 posts

Posted by SuperPanda > Sep 2, 2019 12:04 PM | Report Abuse

i shall wait next qtr to make new move, it just need to post at least 1m-2m profit for investor to jump in back


PeterNg
409 posts

Posted by PeterNg > Sep 12, 2019 4:34 PM | Report Abuse

nothing can do, just need wait till sun rise.


samchong6891
33 posts

Posted by samchong6891 > Sep 13, 2019 7:52 AM | Report Abuse

Any sifu can share some info about this company?


shareinvestor88
2705 posts

Posted by shareinvestor88 > Sep 22, 2019 11:30 AM | Report Abuse

Moving production base to china thus incurring losses and retrenchment cost. Net cash no debt. Once the move is completed , shud be making profit


samchong6891
33 posts

Posted by samchong6891 > Oct 7, 2019 10:26 AM | Report Abuse

Shareinvesto88 the management mentioned that the sales is affecting by the trade world


Nick Chiong
2 posts

Posted by Nick Chiong > Oct 12, 2019 10:33 AM | Report Abuse

How many percent of Sales to US? If just a small percent should be an issue. But shifting factory to China to cut cost is a short term measure, management need to think long term.


TradeLearner
21 posts

Posted by TradeLearner > Jan 24, 2020 12:01 PM | Report Abuse

krik2.. Cold Eye still holding this stock. A potential turnaround stock.


shareinvestor88
2705 posts

Posted by shareinvestor88 > Feb 9, 2020 11:48 PM | Report Abuse

LED lights production stop in china. To move to IQ factory in Penang


boringzack
6 posts

Posted by boringzack > Apr 13, 2020 1:29 PM | Report Abuse

Industrial 5.0 automated factory can work in dark. Why need sensor lighting?


investor2020
3 posts

Posted by investor2020 > Apr 18, 2020 12:09 PM | Report Abuse

IQ managed by poor excecutives,during the hot of China-US trade war -they transfer all their US market products to china factory, so IQ "enjoy" 25% tax now. Due to transfer majority of Penang products to Dongguang factory - they short of workers - so they transfer again to Wuxi and they used this transfer process as excuse for lossing money.Now they plan to build US market products at their Penang factory-back to square one ! They are burning their cash on this stupid transfer process.


samchong6891
33 posts

Posted by samchong6891 > May 16, 2020 10:26 PM | Report Abuse

How u know they want transfer back to penang?


investor2020
3 posts

Posted by investor2020 > May 22, 2020 7:40 PM | Report Abuse

This is what IQ group management reply me , if u go through their quarterly report , they already transfer majority of their production to China about 2 year ago, but they still maintain operation of their penang plant ,that means the plant
utilization is very low and did not make sense in term of financial, the overhead cost is still there , and the cost per product will be very high.
I send a query to ask about this,based on their reply I think IQ management are not capable and their decision making is not logical,I immediately cut lost at about RM 1 , i'm really lucky ,IQ report further lost and became penny stock now. If u are IQ share holder you can send a query and see what they reply.


sense maker
524 posts

Posted by sense maker > Jun 26, 2020 6:29 PM | Report Abuse

This company is dropping by 95% in market capitalisation from its peak just 3-4 years ago.


sense maker
524 posts

Posted by sense maker > Jun 26, 2020 6:30 PM | Report Abuse

It’s LED biz sees no light ahead.


michaeso
43 posts

Posted by michaeso > Jun 26, 2020 9:16 PM | Report Abuse

So that's very bad


shareinvestor88
2705 posts

Posted by shareinvestor88 > Jul 13, 2020 5:53 PM | Report Abuse

IQ has LED lights motion sensor , this is a good idea in view of COvID . Reduces need for contact . Lights switch on my motion.


michaeso
43 posts

Posted by michaeso > Aug 14, 2020 10:12 PM | Report Abuse

It's seem like a good plans.


michaeso
43 posts

Posted by michaeso > Aug 14, 2020 10:13 PM | Report Abuse

Light shining


michaeso
43 posts

Posted by michaeso > Aug 23, 2020 8:24 PM | Report Abuse

Good buy


jwyap
536 posts

Posted by jwyap > Aug 23, 2020 11:10 PM | Report Abuse

Potential counter, it will back to rm1 soon


foreverchung
586 posts

Posted by foreverchung > Aug 27, 2020 9:10 PM | Report Abuse

waaaa where's right hand? ur partner or u got receive news tomorrow goreng goreng ah? goreng up? jio me leh


fullblack28
14 posts

Posted by fullblack28 > Aug 27, 2020 9:12 PM | Report Abuse

@lefthand_of_God
so tomorrow you goreng2 mou?


Doushan
77 posts

Posted by Doushan > Aug 27, 2020 9:14 PM | Report Abuse

Goreng ikan billis ?


foreverchung
586 posts

Posted by foreverchung > Aug 27, 2020 10:01 PM | Report Abuse

lets go lets go! is it time god?


jwyap
536 posts

Posted by jwyap > Aug 27, 2020 10:48 PM | Report Abuse

lost turn to profit, welcome back to yoour normal market price, RM1


foreverchung
586 posts

Posted by foreverchung > Aug 28, 2020 8:56 AM | Report Abuse

woi ah god pergi mana sudah?

meanwhile - for everyone's enjoyment, fresh out of the oven

http://www.wicz.com/story/42553312/motion-sensor-lights-market-2020-top-countries-data-market-size-with-global-demand-analysis-and-business-opportunities-outlook-2026


foreverchung
586 posts

Posted by foreverchung > Aug 28, 2020 8:56 AM | Report Abuse

https://www.marketsandmarkets.com/Market-Reports/Motion-Sensor-Market-614.html


foreverchung
586 posts

Posted by foreverchung > Aug 28, 2020 9:06 AM | Report Abuse

oh shit wtf


dompeilee
7520 posts

Posted by dompeilee > Aug 28, 2020 9:20 AM | Report Abuse

Bought IQGrp 68c


Shadow Fiend
171 posts

Posted by Shadow Fiend > Aug 28, 2020 9:25 AM | Report Abuse

bought it early in the morning, target price RM1.40


dompeilee
7520 posts

Posted by dompeilee > Aug 28, 2020 9:28 AM | Report Abuse

LIMIT UP! LoL!!!


foreverchung
586 posts

Posted by foreverchung > Aug 28, 2020 9:41 AM | Report Abuse

My TP more conservative, RM1.2, assuming PE 15.


LA777
3143 posts

Posted by LA777 > Aug 28, 2020 9:43 AM | Report Abuse

Yes, limit up!!!

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