Actually, investor is cautious due to recent U.S. export restrictions to China on Nvidia Chip, which led to a $5.5 billion inventory write-off and a projected $15 billion sales impact from halted H20 chip shipments. So how can Natgate shares go up? Tonight Nvidia will issue QR.

我一路向南
离开有你的季节
你说你好累
已无法再爱上谁
风在山路吹
过往的画面全都是我不对
细数惭愧，我伤你几回？

When people get greedy, I start feeling scared. Why scared? Because the company’s revenue is growing fast but the profit margin is very low, less than 5%. It feels like if the data center demand is just a one-time thing, the company will really get into trouble.

Fund managers was expecting revenue and earning to at least grow QoQ. I forecast sell off tomorrow. Be careful. Dont catch falling knife.

But it was already clear from the previous quarterly reports that its COGS constituted about 90% of its revenue, but no one seemed to mention it when the share price shot up. Now that it’s dropping, everyone suddenly wants to play analyst.

On 29 May 2025, the Company proposed a first single tier interim dividend of 0.25 sen per ordinary
share in respect of the financial year ended 31 December 2025. A further announcement will be made
at a later date upon finalisation of the entitlement date and date of payment of the above.

Dividend abit low compare to the share price.

Ordinary Resolution 9
Description Proposed Awarding of Share Grant Plan Awards and/or Share Option Plan Options under the Long Term Incentive Plan to Lee See Lun, Acting Chief Technology Officer
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 62 137
No. of Shares 1,135,724,000 370,887,736
% of Voted Shares 75.3830 24.6170
Result Accepted

Nerraw, I think it is because, although 137 shareholders rejected the proposal, but they only hold about 24% of the shares, (around 370 million). The 62 shareholders, although they are lesser individuals, but they hold the majority -about 75%, or 1,135 million of shares. Thus, these 62 shareholders had greater voting power, so the proposal was accepted.

As you can see from the resolution 8, the ESOS to senior officer was rejected by 61 shareholders, they are probably the biggest shareholders with majority shareholding, which allow them to influence the outcome of the voting. While for the ESOS u mentioned that is accepted was for the Chef Technology Officer. It seems like they are prefer to grant ESOS to higher-valued staff