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Overview
Financial Highlight
HeadlinesBusiness Background Frontken Corp Bhd is Malaysia-based investment holding firm. The company with its subsidiaries are engaged in provides surface and mechanical engineering solutions, serving a wide-range of heavy industries such as Oil and Gas, Power Generation, Semiconductors, and Marine industry. It also provides various specialized engineering services, such as thermal spray coating, cold build up coating, plating and conversion coating, specialized welding, precision cleaning, abrasive blasting, machining and grinding. In addition, the company provides surface treatment and precision cleaning for the thin film transistor-liquid crystal display and semiconductor industries. Most of its revenue comes from Singapore market, while it also has a presence in Malaysia, Taiwan, and other countries.
  gloveisgold No la. Just total of 8m shares. Under the Listing Rules substantial shareholders in the holding Co need to announce 24/07/2020 1:45 PM newbie8080 The disposal is not in the open market. It's likely that it was sold to someone close. 24/07/2020 2:13 PM abn10 “And later, when asked if Intel would be willing to outsource more of its manufacturing work to foundries (such as TSMC) in light of its 7nm setback, Swan didn't rule out the possibility.” I quote this from https://realmoney.thestreet.com/investing/technology/intel-s-manufacturing-setback-must-be-music-to-amd-and-tsmc-s-ears-15381322 titled “Intel's Manufacturing Setback Must Be Music to AMD and TSMC's Ears” 26/07/2020 1:54 AM abn10 So funny @god2077. Why almost everyone really like to condemn before even research properly? At least ask politely 27/07/2020 4:25 PM  Cakes Moon What is your bank account number god2077, please allow me to treat you Musang King for your enlightenment this morning. 27/07/2020 6:23 PM newbie8080 The major shareholder had been disposing 64,650,000 since May 2020 to someone. The company is always able to have private placement. The question is why reduce his stake? 29/07/2020 12:09 PM  DannyArcher @newbie8080 I think it is Frontken's parent company.... Dazzle. Seems like they are concentrating everything into a single company... not too sure why, but they are all from the same company and owner, just passing around. 30/07/2020 9:32 PM newbie2y @gloveisgold, pls help to share some info if u go...unfortunately Im oustation, else if it is virtual I will attend for sure.. 03/08/2020 11:08 PM newbie8080 AGM is tomorrow at Eastin Hotel. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066183 Anyone here joining? 04/08/2020 9:57 AM newbie8080 Those who are joining the AGM should ask this questions: 1. Why major shareholder is disposing his own shares of 64,650,000 lately? To whom? 2. Is the company plans to explore precision cleaning in medical devices to reduce dependency on semiconductor earnings. 3. Will the company be expanding the operations to support TSMC new plant in US? 4. Will the company be providing cleaning services to SMIC china? 04/08/2020 11:03 AM DannyArcher Ordinary Resolution 7 Proposed Renewal of Share Buy-Back Mandate. Result: Accepted 05/08/2020 5:24 PM LongTermInvestor8 Frontken is good, however, here are 4 other long term tech stocks to own due to their growth potential. Do add them to your existing portfolio. Thank you. https://klse.i3investor.com/blogs/ndcg/2020-07-20-story-h1510607266-The_Next_Rally_Invest_In_FRONTKN_DUFU_PENTA_FPGROUP_and_TIME.jsp 09/08/2020 10:42 AM InsiderShark During covid lockdown globally, they are able to make 20% more for last quarter. TSMC is growing, and growing bigger. Frontken will also grow big with big brother. Imagine this, 20% more during lockdown... nothing to worry. TP4.00 10/08/2020 11:57 AM abn10 The Group’s revenue for the current quarter ended 30 June 2020 increased by approximately RM7.5 million (9.3%) compared to the preceding year corresponding quarter mainly contributed by our subsidiary in Taiwan. This was mainly due to the positive growth of the semi-conductor business. However, slowdown in our customers’ business in the oil and gas sector resulted in a drop in business for the Group’s oil and gas subsidiaries in Malaysia, Singapore and the Philippines. In addition, the Movement Control Order (“MCO”) implemented by the Malaysian Government due to the COVID-19 pandemic had resulted in some disruption in our operations in Malaysia and to a lesser degree, our oil and gas business in Singapore and the Philippines. The Group’s profit before tax (“PBT”) of RM27.9 million for the current quarter was RM4.8 million or 20.8% higher than the corresponding quarter’s RM23.1 million. The higher profit was mainly due to improved revenue and better profit margin resulting from the continual efforts to improve efficiency across the Group. This was our historical best quarter performance even with the global slowdown caused by the COVID-19 pandemic. 10/08/2020 1:14 PM abn10 The Group’s revenue of RM172.5 million for the current period ended 30 June 2020 was RM8.5 million (5.2%) higher than that achieved in the preceding year corresponding period mainly contributed by our subsidiary in Taiwan. The performance would have been better but for the indirect impact from the COVID-19 pandemic. Against the same period last year, the PBT for the Group increased by RM7.0 million (15.3%) as a result of improved revenue and vigilance in cost management. 10/08/2020 1:15 PM abn10 The Group recorded a remarkable second quarter and first half results with a 20.8% and 15.3% increase respectively in its PBT compared to the preceding year corresponding period mainly attributable to the positive growth in our semi-conductor business. Looking forward, the Group is seeing advancement and deployment of new innovative technologies following from the roll-out of 5G globally and we believe these developments in the electronic and technology space will be positive for our business. Nevertheless, the Group anticipates that the overall business conditions for the remaining 6 months period in 2020 will continue to be uncertain amidst global uncertainties and downside risks due to heightened concerns over the impact of the potential second wave from COVID-19 on the world economy. As for the oil and gas industry, we notice that new orders are trickling in from the various umbrella contracts for provision of manpower supply and also mechanical rotating equipment services and parts that we have with from the Petronas Group of Companies. We hope this momentum will pick up further during the second half of this year. Having said that, global oil demand and the COVID-19 pandemic will all remain a key source of risk to the current outlook. While the Group anticipates that the overall business conditions in the remaining two quarters of the current financial year to remain uncertain, we are cautiously optimistic that our performance for the remaining months will be satisfactory. 10/08/2020 1:16 PM OldWiseMan100 20% more profit during lockdown, this stock already prove it can fly. TP4.00 10/08/2020 2:08 PM OldWiseMan100 Don't get angry, just my opinion. Frontken is a good company, very well managed, unfortunately the timing is bad. Invest in MPI, they make components for TESLA via Bosch? Thank you. Sorry for disturbing. https://klse.i3investor.com/blogs/ndcg/2020-08-05-story-h1510607267-MPI_The_TESLA_And_EV_Factor_Super_Massive_Growth.jsp 12/08/2020 12:06 AM DannyArcher Buy Buy Buy Frontken 2Q net profit rises 23% to RM20.33m, declares 1.2 sen dividend https://www.theedgemarkets.com/article/frontken-2q-net-profit-rises-23-rm2033m-declares-12-sen-dividend 12/08/2020 12:34 AM MingGoon Frontkn.. Profit keep increasing each quarter, and quarter. Cheers Frontkn 12/08/2020 4:09 PM menort Tomorrow better take profit then wait until afternoon for the Malaysia GDP report news out. If result negative can affect the price. 14/08/2020 3:29 AM fl888 Better than expected GDP of 18% or more.....so net so far only -16.5% GDP figure while 6-9 months expected better figures 14/08/2020 1:58 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
