muhd sofian's comment on CNERGEN. All Comments

muhd sofian
7 Like · Reply
xboleh pakai no volume to push
Nick Chung
ahh also US coming election, Trump wins again and trade war escalates again then SEA benefit from both..
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cheng
exactly! regardless of who the winner is - it will be China+1 strategies. So, Malaysia/SEA will benefit from it.
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Nick Chung
been on the low cycle since the last project they have from Vietnam back in 2019, looking forward to them securing another new project
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cheng
yup, that's right. and it's 5 years now which is the start of the replacement cycle. well, at the back of industry upcycle projected to start end of this year :)
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cheng
a new EMS starting up at the end of this year; China+1 strategy perhaps. Let's observe whether Cnergen's orders will be boosted by the Q2/Q3 of this year :)
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Time and Space
Thanks Cheng for sharing.
Agree on the geography factor that will benefit Malaysia.
Looking for a new counter to go long, will continue to observe cnergen fundamentals and management of the company.
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cheng
You are welcome, Time and Space :) Just happen so that Cnergen specializes / solutions provider in the pcb/smt industry. Will have to wait for the numbers in the QR - turning prospect into actual purchase orders :)
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cheng
Once the most hated stock despite decent margins with unique business presence in SMT industry across Malaysia, Thailand and Vietnam. Migration to main board and attractive valuations led to higher interest from foreign institutions; tripled if you will :) Congrats to all long term shareholders.
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Nick Chung
indeed. the smartest move for a company during peak inflation is to hold cash and wait for the right moment , let's continue to wait and observe companys next move
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cheng
Agreed, Nick. It is in good position for EMS/PCB industry upcycle and SMT machine replacement life cycle.
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Woei Heng Yee
thank cnergenz, I tp first.
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cheng
Congrats on the profits, WHY. You have managed your positions well :) Keep it up!
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Nick Chung
congrats on your profit, quite overbought hv to rest awhile
1 Like · 1 month · translate
cheng
Sentiments are running high as we marched towards the 2nd half of the year. Enjoy the volatility :) Funds/institutions would have prepositioned much earlier as can be seen from articles published over the last couple of months - semiconductor recovery :)
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cheng
TSMC experienced a 60% surge in April sales to 236 billion New Taiwan dollars ($7.3 billion), driven by ongoing demand for artificial intelligence and signs of recovery in consumer electronics. The world’s largest contract chipmaker is projected to boost sales by about a third this quarter, following a 34.3% increase in revenue growth in March, primarily fueled by the relentless demand for AI semiconductors.
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cheng
MI's latest report showing the semiconductor materials business unit growing 20% yoy - demand for solder balls. Good indication of semiconductor recovery progress.
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Nick Chung
yes.. yes .. gogoog
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Nick Chung
bersyukur.. market been good lately especially hkex
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cheng
it's a worthwhile wait, Nick :) it will be euphoric if it marches to the 8th floor.
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Nick Chung
have a good day Cheng, see you after market .
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cheng
okay, Nick :) enjoy your trading
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Nick Chung
no retailers here, underrated stock
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cheng
no more a hated stock, Nick. stocks that are loved will be priced accordingly :)
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Nick Chung
indeed . hopefully will reach my target price of 0.8 . huge resistance
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cheng
You can consider to keep some of the low priced tickets if you are planning to harvest it at 0.8, Nick; capacity expansion, machine replacement lifecycle, industry upcycle, and China+1 strategies are favorable tailwinds for Cnergen if you will.
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Nick Chung
yup Cheng by 0.8 should have 30% return . if manage to hit before QR will take profit first and wait
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cheng
congrats, Nick :) Your average is also at lower sixties :)
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Nick Chung
congrats to you too abang, great run !
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cheng
Thanks, Nick. Impressive and fierce rebound. Will be euphoric if it breaks above 0.80 and marching towards 9th floor - marking a vertical recovery.
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Nick Chung
matched another 200 lot 0.67 this morning .
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cheng
China+1 strategies dominating recent headlines :)
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Nick Chung
hopefully Cheng , I do have some alibaba too. since AI is powerful in the West , imagine what china can bring to the Asia market .
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cheng
alibaba is a good one, Nick. Consumer related stocks - consumer tech, consumer retailers, consumer e-commerce and etc has seen the bottom in Jan'24. Consumer sector has the highest weightage in FTSE A50 and you will notice the same bottom in Jan'24; similar as Alibaba :) You can either use FTSE A50 as a reference or CHIQ for consumer related stocks trending in China :) Consumer consumptions and spending is the main contributor to China's GDP. You can be sure of gomen support to boost consumer consumptions :)
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2 Like · 1 month · translate
Meiseah Teoh
, n. g h. l
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Nick Chung
add again ...
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cheng
wah, Nick. Average up ooh. More drama in coming months from China+1 strategies. The trade war has benefitted China so far - advancing their homegrown technological solutions. SEA will benefit as a result of trade diversions.
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Nick Chung
thanks for sharing cheng ! let's wait for qr and update our new TP later :) . above 0.80 is bullish
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cheng
Ok, Nick. Will add when there's opportunity. Seems to have more rooms for Cnergen to move higher if recent move in bursa technology index is driven by improved optimism on recovery in the second half; comparing it against the eps and PE of technology equipment stocks in main board. Example: JFTEch being priced at 0.925; eps of 0.99 and PE of 93 :) Pray for market to be efficient :)
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Nick Chung
IR 4.0 . nice hint
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Nick Chung
Clarion Malaysia, a global automotive supplier specialising in in-vehicle Infotainment (IVI) equipment, today showcased its AI and robotics-based advanced manufacturing line that is powered by a 5G private network from YTL Communications and Cnergenz’s smart manufacturing solutions
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cheng
cnergenz responsible for the cloud based inventory system and AI autonomous mobile robots for the production line
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Nick Chung
hopefully nvdia qr missed expectations then can get more cheap tickets..
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cheng
hopefully, Nick. could be tough to get cheap tickets as funds/institutions are eyeing it too since foreign institutions have tripled their holdings :) I will also rebalance partial if it becomes euphoric > 0.80 as it's a mid to long term position for me - eyeing it's scalable growth.
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2 Like · 1 month · translate
Nick Chung
investors investing heavily in Malaysia right now "betting" the greatest come back of the century, from taxation to e-invoice to targeted subsidy to IR 4.0 and finally DC / railway infrastructure , Anwar is racing against time
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cheng
takes time, Nick. It requires some structural reforms and KLCI index constituents should be reflected accordingly. Currently the banks are still major heavyweights.
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Nick Chung
abang can give me cheap ticket please???
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cheng
only if abang and funds/institutions are selling, Nick. Else, unlikely there will be supply in the market resulting in cheap tickets
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Nick Chung
hey :( .... naughty naughty banker
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cheng
lol, Nick. We have waited and collected when it was once the hated stock :) Financial performance is around the corner and all eyes will be on the orders received in Q1.
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cheng
8th floor incoming
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Nick Chung
relax bro, anytime can limit up
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cheng
wah.. limit up? must be driven by big orders if it happens :)
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Nick Chung
oOoOO today qr...?
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cheng
Should be this week, Nick. Its possible that it could be today too. It will be the same for me - continue to hold as long as the margins remain at min high single digit to low double digit while waiting for scalable growth. Anything lesser than that will no longer be attractive to hold it.
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Nick Chung
how cruel banker throw ticket like this... do it again xD
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cheng
lol, waiting for opportunities :)
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cheng
Mr. Market not willing to provide quotations at lower sixties.
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Nick Chung
abang don't like this lah.. give some ticket ma
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cheng
Abang said go long together with the company :)
1 Like · 3 weeks · translate
Nick Chung
sold half of my ifca last week now looking for my next multi bagger stock... waiting cnergen qr to decide whether to add more
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cheng
Cnergen is unique due to the nature of the business/industry that it is operating :) SMT/PCB industry serving factories in Malaysia, Thailand, and Vietnam region and years of working relationship with its suppliers which are the top world ranked SMT machine manufacturers; Koh Young, ASM International and etc if you will. I guessed we were lucky to be able to build positions in the fifties and sixties during the low cycle; when it was the most hated stock despite the strong fundamentals.
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cheng
I will sell Censof if there is no dividend announced by end of this week :) The latest qr showing ~7M deferred revenue which is good but current price has priced in the performance. It may pullback to mid twenties if there is no dividend announced.
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Nick Chung
abang give u a doji candle 50/50 chance on today's qr..?
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cheng
Not sure, Nick. I am holding it tightly for now :) Same goes with QES. Both of these have seen increased foreign ownerships. Let abang and the funds/institutions do what they are best at; pricing it accordingly :)
4 Like · 3 weeks · translate
MaGnumL
Slump down ~~~
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cheng
Report out should be after AGM tomorrow? Volatile Thursday if it is out tomorrow :)
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cheng
Anyone attended the AGM today? Will be nice if there's update on the smart manufacturing solutions for Clarion.
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Nick Chung
nope... but price no up no down.. qr maybe so-so
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cheng
Ok. Volatility should be back after the qr :)
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Nick Chung
ok la abang not bad 14% margin, book order up 2m a bit. abang continue sleep and collect
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cheng
that explained why it rebounded so much :) It has priced in the results. Did not notice any significant deferred revenue apart from the book orders. Margins are still good. Let abang and funds/institutions continue to do their job. And we tag along technically :)
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Nick Chung
any market correction would be great to add more
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cheng
agreed and that's the only way to get good price unfortunately; hoping for market corrections.
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cheng
I will just hold on to Cnergen and QES to ride the semiconductor theme for now; favourable tailwinds - china+1 strategies, capacity expansion at the back of clean balance sheet.
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Nick Chung
thanks abang....
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cheng
abang and funds/insti kuat. not willing to sell some of their tickets. have to continue waiting for supply > demand to get attractive quotes.
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Nick Chung
discount everywhere !!
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cheng
not much actually, Nick. I will wait for lower sixties to consider adding. else, will do nothing about it.
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cheng
lets keep an eye on the impact of this towards Cnergen's SMT machine orders in the next 12 months. https://www.mida.gov.my/media-release/spil-breaks-ground-on-new-rm6-billion-semiconductor-packaging-and-testing-facility/
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Nick Chung
waiting... sleeping season
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cheng
sleeping season is opportunity, Nick :) either buy on weakness at the support of lower sixties or upon breakout above 0.735.
1 Like · 2 weeks · translate
cheng
Abang and funds/insti rebalancing?
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Nick Chung
abang continue to sleep ... zzzz
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cheng
No chance to get lower sixties :( sleep through Euro 2024 maybe
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Nick Chung
tonight CPI and FOMC market profit taking...
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cheng
No impact to Malaysia ba. Emerging markets will still be attractive for foreign funds/insti compared to US market at the moment; unless the US market adjust accordingly. Russell index, Nasdaq, DJIA and S&P500 PE's are all at high side.
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Nick Chung
yea, I'm more excited with genm/ genting to push klci index starting year end... so much hate atm :)
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cheng
There you go :) stocks that are hated will tripled tomorrow :) within the context of value investing if you will.
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cheng
abang and funds/insti not going to attempt breakout above 0.74? :)
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Nick Chung
abang : sorry not today .. . xD
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cheng
ok. local bankers can gogogo then :)
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cheng
abang and team came in after all :)
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Nick Chung
abang saw the message. ..
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cheng
abang and team have resources that we don't have. We can only defend our positions and tag along :)
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Nick Chung
abang reject both resistance..
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cheng
observing, Nick :) Its Friday after all.
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Nick Chung
abang sudah lari :(
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cheng
not yet, Nick. it has gone up by 30% and profit taking/adjustments by 10 to 15% is ok. General market is overheated to the extend price runs ahead of valuations :) Just like the DC hype :) Cnergen has to show some results in coming quarter or else, local abang will run first before foreign abang; will go below sixty when both abang starts running.
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Like · 5 days · translate