If I attend the agm, I will ask what's is major profit from other operating segments, money lending? I don't think property letting n hotel operation can contribute so much profit to the company, so money lending catch my eye ball.

Actually I dunno how much profit is exactly from manufacturering n unallocated non operating segment only, due to got consolidation adjustments and elimination, if profit only from precision metal, I will keep collect this stock as much as I can.

Did you read their latest QR? They literally guaranteed their manufacturing segment will post higher profits next FY. They admitted they are facing issues with the O&G and Aerospace business. But the Semiconductor is receiving lot of new orders

But I feel the company has very bad strategic direction. Yes, at the operational tactical level, it can manage quite fine. I will list down a number of actions they did to reduce losses:

1. Combine Johor and Penang O&G fabrication plant to Johor only

2. Sold off China loss making business

Still got one more I forgot.

But basically, they managed to reduce their losses from the poor performing businesses. All these led to its turnaround.

But they didn't address the elephant in the room. Half of the company's assets are placed in land and property development cost. This doesn't make any sense to me. As of 2020, they are still pouring all the money they made into property business.

On the other hand, their Property plant and Equipment only rose from 80 mil to around 110 mil in the last 10 years. They are not growing their core business. If a company is no ambition, and no clear strategic direction, I like to stay away as an investor. But I agree it has the potential for the share price to go further up, because its earnings should go up. I just prefer to deploy my capital in businesses that I have confidence for the next 10 years, not 1 to 3 years. Just my preference

To be fair to them, they entered into property development like 10 years ago when properties were doing great. But they never made any profits at all.

Since the director who is leading the property business is their brother, i suspect they are dividing their business empire into Manufacturing and Property so they won't have conflict.

Hi Wong, last time I read most their QR, if not mistaken they got mention got enter life science segment too, but dunno the % only. But I guess aeroplane n oil segment is major contribution for the company, as these 2 segment always shown in company prospect.

Ya. But not much business from life science, recent profit mostly from property development and oil sector. It’s tech. business doing ok, as compare with other tech. stocks, it’s the cheapest. But ppl don’t consider it a tech. Last time we view it as a tech.

I think kobay is not suitable direct compare to UWC, as UWC customer is big MNC, famous like Intel, Aligent n so on, last year enter life science segment, about 10% if not mistaken for UWC. UWC did all favour for investors, that's why their PE so geng. UWC boss seems like know market favour, although only Ipo 2019.

Kobay seems very aggressive these years, as their PPE is very high, about 80-90% of their net profit, I don't have the data on hand now, I got mark down in my book. Hahahaha Balance sheet very strong, net cash although debt is increasing.