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Kobay Technology Bhd (6971) which has seen its share price surge to multi-year high, hitting limit up and being issued UMA (Unusual Market Activity) querry along the way.
Based on yesterday's closing price of RM3.42, it has gained +329% year to-date! What is driving the share price rally ?
A quick check on the Bloomberg and yet there is no analyst coverage.
Would you like to know more ? Join us tonite 8pm only at Rakuten Trade Ideas ? Webinar evening with Kobay's Chief Operating Officer Ken
Key take-aways and insights from Kobay Technology Bhd (6971) Chief Operating Officer Keniz Koay on Rakuten Trade Ideas ? Webinar last nite.
-business similar to UWC Bhd (precision manufacturing) and Greatech Technology Bhd (integration and automation)
-manufacturing high precision engineering and high level assembly to semiconductor, E&E remain their core business and revenue drivers
-acquiring 15 acre land expansion for green energy products (Solar) major deal
-acquiring 70% stake in pharmaceutical Avelon Healthcare for RM47.65m, comes with profit guarantee RM25.53m over 3 years (potential spin off for listing)
-over 100 clients OEM and MNCs for their E&E business
-orderbook of about 6mths and continue seeing strong orders from clients (trade tension between US n China)
-management expects its improved margins to be sustainable and continue its earnings growth for the next few years
Derrick, my opinion is stay put. The CFO said we will hear more from them. Plus the fundamentals is very intact. When they release good news, share price will up like no tommorow. TP: RM 5.