Krono

Krono

Postby winston » Thu Apr 16, 2020 8:57 am

not vested

Trading Buy: KRONO - 0176
(Last price: RM0.50, Potential upside +32.0%)


Company Profile

Kronologi Asia Berhad (Krono) is listed on the ACE market.

Solutions and services that Krono provides include:-
(i) on-site and off-site data backup and storage,
(ii) data recovery and restoration,
(iii) technical support and
(iv) consultancy on process improvement for data assurance, data protection and disaster recovery.

Currently, the Group has presence in the following countries - Malaysia, Singapore, Thailand, Philippines, Indonesia, India, Hong Kong, Taiwan and China.


Trading Catalyst

From the Sandz Solution acquisition, it has brought KRONO towards record year with the profit warrant of USD1.5m for FY19. Although management is cautious on the Covid-19 pandemic, we believe its RM18.4m (7% of current market cap) net cash should be decent for them under these trying times.

Moreover, we opine under the Covid-19 outbreak, more corporates would look for with online/ cloud solutions, this may translate to more business opportunities for KRONO.

Technical View
Resistance: RM0.54 / RM0.58 / RM0.66
Support: RM0.47 / RM0.46
Cut loss: RM0.45

Key Financial Stats
Net cash per share: 3.5sen

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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