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Kevin, you are right. I also noticed the company keep deprecating their assets, their NTA seem cannot use to reflect the share valuation. So, share price below NTA is not meaning undervalued.
QR just out today. Revenue from China Segment dropped by half compared with last year same Qtr, from 40M dropped to 20M.
EPS downgraded to 0.22cents, means PE ratio is now at 0.365/(0.0022x4) = 41.
This PE is consider overvalued for a company that unable to sustain growth. Think twice if you still want to hold Krono. Of course you can still believing CEO Edmund quote you a fantastic good prospect, such as AI, Machine Learning and Large Language Model…
Just my thoughts. US sanctions China tech firm is true facts. Most data stored in China owned cloud platforms need to migrate out from China. TikTok is just one of the victim tech firm, not necessary particular on TikTok. I think most tech firm worried this will happen to them, so they have to stop expanding data services in China. Again, this is just my thought, not confirm it will affecting Krono. But by seeing the share price keep dropping like hell, it lead me to think that reasons…
Bad rumours about KRONO going all around. We will know if it is true or not by this week after the QR out. If result is bad actually doesn’t mean price will drop, sometimes sell on rumours, buy on facts.
Cloudpoint shoot up 6% today, but Krono still dropping. I think this quarter report sure done so bad, 凶多吉少. Maybe got another one-off impairment like in year 2020. God bless!
I guess TikTok ban in US really hurt Krono, US want TikTok’s data shift out from China, this is the reason of Krono price drop so drastically. Why I said so? If you see last QR report, you will find it very obvious sign show that revenue by geography segment from China is dropping a lot.
I really did a big mistake in putting faith on Krono, I holding Krono is like gambling, dumping money to the sea. Haizzz…