GRANFLO ( Code : 0056, GRAN-FLO BERHAD, Technology, Main Market)
Sudden interest was seen in this over-looked TECHNOLOGY company on Friday where a spike in volume & price under the current euphoric interest seen in TECHNOLOGY companies in Bursa Malaysia and other regional exchanges worldwide especially NASDAQ where the Index has hit new highs many times lately.
The Company is engaged in provision of information technology solutions. Its business segments include Enterprise Data Collection and Collation Systems (EDCCS), Labels and Properties. Its geographical segments are Malaysia, which includes supply and installation of EDCCS and hardware, information technology solutions, computer related accessories, integrating computer system and hardware; trading of price marker system, equipment and paper rolls, and information technology solutions focused in automated data collection processes and mobile computing, and Hong Kong and China, which is engaged in provision of supply chain solutions and related services. Its EDCCS Solution Centre allows users' retail data tracking and management needs, ranging from hardware, middleware, software to media and consumables. It offers ManageSuite application that enables users to manage and track assets in warehouses, retail outlets and office buildings.
The company has just completed their DIVIDEND-IN-SPECIE payout from the treasury shares.
An unnoticed TECH company, dividend-paying and laggard to the run-up in the current TECH euphoric interest.
Closed Friday, 7 Aug 2020 : 0.270
52-Week : 0.160 - 0.290
Dividend Yield : 1.85%
Shares Issued : 480,009,411 million as at 29 May 2020 before the Dividend in Specie which now stands at 530 million.
Major Shareholder : YBG YAP CONSOLIDATED SDN BHD _ held 69.06% accounting for 331,484,251 shares out of 530 million shares which indicates a tight market float where not much shares in public hands thus price movement should be “light” or “cornered”
TOP 30 Largest ShareholderS : holding 426,079,115 million as at 29 May 2020 and BALANCE MARKET FLOAT ONLY 11.10%
Immediate Resistance : 0.290
ON FURTHER RUN-UP OF TECH SECTOR, I FORESEE GRANFLO SHOULD BE GENERATING MORE INTEREST FROM MARKET PLAYERS AND FUNDS ALIKE.
HOPEFULLY, GRANFLO COULD BREAK 0.290 & THE PSYCHOLOGICAL RESISTANCE 0.30 NEXT WEEK WHICH ONCE BROKEN SHOULD SEE IT TO NEW HEIGHTS ON TECH EUPHORIA
Granflo has also forayed into property development to boost their bottom line.
Grand-Flo: Buys land in Dengkil for RM17m in related party deal. Grand-Flo is acquiring a piece of land in Dengkil, Selangor, which is undertaking a property development, for RM17m, in a related party transaction. Its wholly owned subsidiary Innoceria SB had entered into a land and development purchase agreement with NCT United Development SB for the acquisition. The full GDV of the project is RM144.15m with an estimated gross development profit of RM26.32m. The said development is to be completed in March 2022. It will fund the purchase sum and the remaining construction cost via internally generated funds, banks borrowings and/or proceeds from any future fund raising exercises. (SunBiz)- 25 Feb 2020
Related Links : https://grand-flo.com/
Business organisation that uses dedicated equipment to accomplish their task either on piecemeal or projects basis are common practice. As business expand, purchasing higher quantity of equipment can insert additional constraint on the company’s financial position. This leads to the idea of sharing tools for different project usage instead of dedicating them to a specific project to minimise expenditure.
The policy to classify equipment [asset] as an expenditure varies with the size of company or financial requirement. Auditing the assets also varies from company to company and it is mainly practice by companies with large quantity of movable assets. For some organisations such as hospital, event management or construction companies, the frequency of assets movement may be more volatile based on job, project or phase. Tracking the assets as they are bought, issued, transferred and returned is a growing problem to the finance and administration department.
ManageAsset is an asset tracking system designed to tag and track assets using barcodes and mobile computers. It gives an accurate and complete overview of organisation entire assets and enables them to make the right strategic decisions in resource allocation. Both old and new assets need to be tagged with proper unique barcode, which commonly printed on a barcode label or prefabricated metal tag to be mounted on the assets before it could be scanned by using a mobile computer. ManageAsset installed in a mobile computer will enable both movable and fixed assets to be tracked easily. It also allowed multiple Users in the audit team to perform physical asset audit simultaneously.