Next R/ TP:
The Edge weekly edition made a coverage on I-Stone. Key takeaways:
• Business: Manufacturer of automation services and provider of data management system
• Will diversity into semiconductor, automotive, medical industries and O&G, including to broaden customer base. Long term strategy to expand, solidify its presence and de-risk.
• Datuk Awang Daud – co-founder of Serba Dinamik and Minetech Resources emerged as substantial shareholder – became the non-executive chairman In August 2020 (Note: This may be seen as a potential to create a synergy amongst his businesses). • • Mission IR4.0
• Expectation of better FY2021 results. RM26Mil order book and organic growth for 2021.
• Unutilized proceeds – RM17Mil. Use as business expansion and product development.
• Adopt digitalization and reduce internal cost.
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.