️Macro Alpha Analytics🫆

#PENTA 因业绩疲弱，股价创下三年新低🔻 主要由于自动测试设备（ATE）业务需求减弱，税前亏损为 890 万令吉。如果不是自动化解决方案（FAS)，公司业绩将进入亏损 🙈 管理层预计 2025 年上半年其 ATE 领域将继续低迷 👣 就如小篇之前所说，一些槟城半导体公司还未获得显著的订单，很多公司处于打苍蝇🪰阶段 。 最糟糕的是，一些公司早前获得顾客的邀约去设厂、口头上的承诺、预计半导体业务会回归，而提早扩张生产线。如今不但没订单流入还得付上高昂的人工费用、租赁等等。

♨️ Fresh From Oven ♨️ ITMAX 4Q24 Briefing Notes (26th Feb 2025) – UOBKH Management: Willian Tan (CEO, MD), Shaun Tee (CFO) Key Takeaways - FY24: Rev RM220m FY21-24 CAGR 40%. PAT- RM80.5m 3Y CAGR 37%. - Slight drop in margin bcoz higher contribution from supply and installation which has lower GPM. - Recurring revenue in FY24: RM102.8m. 3Y CAGR 43.9% due to Johor CCTV contracts and the smart parking contracts. - Rev breakdown: SMID 53%, DIS 45% and other 1.5%. - 4Q24 vs 3Q24: one off cost impacting GPM – one off supply contract at a lower margin, depreciation for 2 q were recognised in 4Q for CCTV infra in Johor which was completed in 4Q. Started to recognise enforcers’ salary for all secured parking contracts in 4Q whilst council still allowed parking collection via app and coupon. Also incurred parking operation implementation costs in 4Q24. - Declared 2sen per share in FY24. 25% payout ratio. - Unbilled orderbook: RM1.431b. DIS RM1.35b. Smart parking not relected in this orderbook. Business Update - 2024 recaps: installed 45k smart lightning, Deployed 600 traffic controller up 300 units, owned 500km fibre optic cable and 31 telco towers. Owned 10,900 CCTV, Smart parking 57,389 and developed 32 AI featured, Omniverse and Retrieval augmented generation. - Geo presence: KL, Johot and Penang. - KL: ongoing installation for add 5k CCTVs and target to complete by year end 2025. - Johor: Single System Policy – in diss with existing councils for more CCTV coverage. Add traffic light deployment to existing councils once term of existing maintenance contractors is completed. Q&A - Expansion to new councils: Still in discussion, Kota Kinabalu is potential target. Expansion more CCTV coverage in KL. - R&D is developing for AI feature such as enhancing the AI platform. Showcase VLM and Digital Twin platform to KL and Johor customers. Will commercialize them. Talking to Kl and Johor to integrate all their CCTV in ITMAX platform to promote smart city solution. Their CCTV can detect a lot of action and hence increase revenue. - Execution is the only risk. They can outsource to third party if they are short of labor. - Normally can only get new contract once the installation phase of last contracts completed. - Hopefully some good news from both KK and Selangor soon. In discussion stage now both regions have equal chance. - Smart Parking – Before 2025 they can use physically but this has officially end on 1 Jan 25. 10-20% in 2024 and expect UR to increase immediately in 2025 with all the enforcement systems are ready now (mobile camera on enforcers’ Ebike?) - Updates on the 3,600 CCTVs for PDRM lockup facilities under Ministry of Home Affairs – in discussion stage now, for more AI features and more CCTV. - Updates on Penang CCTV tender – balance 500 with expired with existing contractors and ITMAX is confident to get the contract once it is expired. - guidance for SMIS for FY25 – orderbook RM73.7m mainly for DBKL street light and up to Jul 2026. - Putrajaya – in discussion stage now. - Integration under single system is important for the city to make decision based on data. Hence they have digital twin solutions now. - AI accuracy more than 90%. ITMAX also generate synthetic data to increase AI accuracy. - exploring opportunity to create TI report for property developer by utilizing the data they have. However, the coverage network in KL is 20% right now and they are expanding now. Commercialization will be valuable in future. - DIS in 2025: Johor CCTV revenue will fully recognised. 2026: The DBKL contract secured last year. Thanks.

♨️ Fresh From Oven ♨️ ITMAX 4Q24 Briefing Notes (26th Feb 2025) – UOBKH Management: Willian Tan (CEO, MD), Shaun Tee (CFO) Key Takeaways - FY24: Rev RM220m FY21-24 CAGR 40%. PAT- RM80.5m 3Y CAGR 37%. - Slight drop in margin bcoz higher contribution from supply and installation which has lower GPM. - Recurring revenue in FY24: RM102.8m. 3Y CAGR 43.9% due to Johor CCTV contracts and the smart parking contracts. - Rev breakdown: SMID 53%, DIS 45% and other 1.5%. - 4Q24 vs 3Q24: one off cost impacting GPM – one off supply contract at a lower margin, depreciation for 2 q were recognised in 4Q for CCTV infra in Johor which was completed in 4Q. Started to recognise enforcers’ salary for all secured parking contracts in 4Q whilst council still allowed parking collection via app and coupon. Also incurred parking operation implementation costs in 4Q24. - Declared 2sen per share in FY24. 25% payout ratio. - Unbilled orderbook: RM1.431b. DIS RM1.35b. Smart parking not relected in this orderbook. Business Update - 2024 recaps: installed 45k smart lightning, Deployed 600 traffic controller up 300 units, owned 500km fibre optic cable and 31 telco towers. Owned 10,900 CCTV, Smart parking 57,389 and developed 32 AI featured, Omniverse and Retrieval augmented generation. - Geo presence: KL, Johot and Penang. - KL: ongoing installation for add 5k CCTVs and target to complete by year end 2025. - Johor: Single System Policy – in diss with existing councils for more CCTV coverage. Add traffic light deployment to existing councils once term of existing maintenance contractors is completed. Q&A - Expansion to new councils: Still in discussion, Kota Kinabalu is potential target. Expansion more CCTV coverage in KL. - R&D is developing for AI feature such as enhancing the AI platform. Showcase VLM and Digital Twin platform to KL and Johor customers. Will commercialize them. Talking to Kl and Johor to integrate all their CCTV in ITMAX platform to promote smart city solution. Their CCTV can detect a lot of action and hence increase revenue. - Execution is the only risk. They can outsource to third party if they are short of labor. - Normally can only get new contract once the installation phase of last contracts completed. - Hopefully some good news from both KK and Selangor soon. In discussion stage now both regions have equal chance. - Smart Parking – Before 2025 they can use physically but this has officially end on 1 Jan 25. 10-20% in 2024 and expect UR to increase immediately in 2025 with all the enforcement systems are ready now (mobile camera on enforcers’ Ebike?) - Updates on the 3,600 CCTVs for PDRM lockup facilities under Ministry of Home Affairs – in discussion stage now, for more AI features and more CCTV. - Updates on Penang CCTV tender – balance 500 with expired with existing contractors and ITMAX is confident to get the contract once it is expired. - guidance for SMIS for FY25 – orderbook RM73.7m mainly for DBKL street light and up to Jul 2026. - Putrajaya – in discussion stage now. - Integration under single system is important for the city to make decision based on data. Hence they have digital twin solutions now. - AI accuracy more than 90%. ITMAX also generate synthetic data to increase AI accuracy. - exploring opportunity to create TI report for property developer by utilizing the data they have. However, the coverage network in KL is 20% right now and they are expanding now. Commercialization will be valuable in future. - DIS in 2025: Johor CCTV revenue will fully recognised. 2026: The DBKL contract secured last year. Thanks.

股友们要注意一些过度依赖 Petronas 合约的公司 😵‍💫

Nazri: US ‘schooled’ me over PM Anwar’s Palestinian stance, Hamas support | Malay Mail https://www.malaymail.com/news/malaysia/2025/02/26/nazri-us-schooled-me-over-pm-anwars-palestinian-stance-hamas-support/167975

该季度报告包括 PlusX 的业绩，其项目主要是针对利润较低的 EPC，所以导致利润下滑 🔻 值得一提的是，该季度营业额和净利都创下 14 年来新高 ✅

恭喜有买到的股友，希望可以帮到股友们 ！ 🥳

公司也将在近期宣布 M&A （收购）以扩大生意去其他领域

Mngment: 1⃣ Trade Receivables 可在今年四月二十五日全额收回 管理层对前景表示乐观, 有望迎来新客户，目前已经在筹备 Plant 4 的扩展计划 ✅ 股价近期跌幅超过 60% ，可迎来反弹 ?

恒指、恒生科技指数涨超2% 📈 蜜雪冰城认购金额达1.77万亿港元

Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth https://theedgemalaysia.com/node/745819

SFP 的基金会议将在今早 10.00举行，管理层会给出什么致银应被？

目前截止 884 个人参与投票，64％或525 的人对政府给 0 分，超级不满 😆 30％ 的人或 246 的人给于一半的分数

不敷衍当下 不虚度光阴☀️ 日子，过的是心情，生活，要的是质量，一辈子很短，要么老去，要么有趣。

"Tesla Europe sales slump 45% in Jan amid weak demand, increased competition" https://uk.investing.com/news/stock-market-news/tesla-europe-sales-slump-45-in-jan-amid-weak-demand-increased-competition-3942122