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KLSE : REDTONE       REDTONE INTERNATIONAL BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.815 0.79     -0.025 (3.07%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
04/08/2014 0.77 0.77 0.00 (0.00%) HOLD KENANGA Price Target News
01/08/2014 0.765 0.77 +0.005 (0.65%) HOLD KENANGA Price Target News
17/07/2014 0.77 0.81 +0.04 (5.19%) BUY KENANGA Price Target News
03/07/2014 0.73 0.81 +0.08 (10.96%) BUY KENANGA Price Target News
24/04/2014 0.775 0.81 +0.035 (4.52%) BUY KENANGA Price Target News
01/04/2014 0.725 0.81 +0.085 (11.72%) BUY KENANGA Price Target News
26/03/2014 0.71 0.81 +0.10 (14.08%) BUY KENANGA Price Target News


Price Target Research Article/News (past 6 months)
04/08/2014  KENANGA Redtone International Bhd - Divesting China 3rd party payment license
01/08/2014  KENANGA Redtone International Bhd - Slightly Off-Colour Results
17/07/2014  KENANGA Redtone International Bhd - Interesting Tone Ahead
03/07/2014  KENANGA Telecommunication - Still Evolving
24/04/2014  KENANGA Redtone International -Higher Earnings Tempo Ahead
01/04/2014  KENANGA Kenanga Research - 2Q14 Investment Strategy - A Resting Bull?
26/03/2014  KENANGA Telecommunication - Path Still Bumpy



  19 people like this.
 
alex_theking every day down 1 sen since 0.835...
15/09/2014 16:46
yanxuan8 hahaha...when the price come down, you, alex_theking will appear here and telling us that it will come down somemore, just wonder are you the one collecting all this while? When it was sixty over sen, you said so, when it was seventy something, you also said so, come on, if you are collecting, just collect. You and I know, this is a good company with very bright prospect.
15/09/2014 20:25
Eric Soh Siong yup title is go to mainboard and 400 towel will be annouce soon target short term rm1
15/09/2014 23:51
alex_theking no comment yanxuan8...
for me... down trend for tis week,, up to u ...uptrend,, uptrend lah
17/09/2014 11:46
yanxuan8 Basically I don't really bother by downtrend or uptrend for this week. What I know it is in uptrend mode. Downtrend I will buy more, uptrend I just happy for it.
17/09/2014 19:34
nltong Volumn is decreasing when price down little bit.. Personally feel is a good sign cause current price is still above 20days moving average and at upper level of bullinger band.. I think Breakout may happen soon...
17/09/2014 23:51
Hammer Leong Hammer The Board of Directors of RIB wishes to announce that its indirect subsidiary, REDtone Telecommunications China Limited (“REDtone China”), had via its wholly owned subsidiary, Shanghai Huitong Telecommunications Co., Ltd. (“Shanghai Huitong”), subscribed for the equity interests in the following new subsidiaries incorporated in The People's Republic of China:
(i) subscription of 49.8% equity interest in Shanghai YuZhong Financial Information Service Co., Ltd. (“Shanghai YuZhong”) for shares subscription of RMB398,400 on 11 September 2014; and
(ii) subscription of 20% equity interest in Shanghai YuGuang Automobile Inspection Technology Co., Ltd (“Shanghai YuGuang”) for shares subscription of RMB200,000 on 11 September 2014;
(collectively referred to as “Investment”).
Shanghai YuZhong and Shanghai YuGuang will be consolidated as subsidiaries of RIB through Shanghai Huitong pursuant to MFRS 10: Consolidated Financial Statements.
Background information of Shanghai Huitong
Shanghai Huitong, a private limited company incorporated under the laws of the People's Republic of China (“PRC”) on 26 March 2007, is a wholly owned subsidiary of REDtone China. Shanghai Huitong is principally involved in the marketing and distribution of IP call and discounted call services.
Background information of Shanghai YuZhong
Shanghai YuZhong is a private limited company incorporated under the laws of the PRC on 16 July 2014, with a registered capital of RMB800,000. The principal activity of Shanghai YuZhong is provision of financial information, engaged in technology development in the field of information technology, technical services, technical consulting, technology transfer, investment management and investment advisory, (except brokers). The subsidiaries of Shanghai YuZhong are listed in Appendix I below.
None of the Directors and/or major shareholders of RIB or persons connected to them are related to Shanghai YuZhong.
Background information of Shanghai YuGuang
Shanghai YuGuang is a private limited company incorporated under the laws of the PRC on 17 July 2014, with a registered capital of RMB1,000,000. The principal activity of Shanghai YuGuang is provision of technology research and transfer, technical consulting and services, computer hardware and software development and sales of automotive testing equipment, (except computer information system security specific products) in the field of automotive.
None of the Directors and/or major shareholders of RIB or persons connected to them are related to Shanghai YuGuang.
Financial Effects
The Investment does not have any effect on RIB’s issued and paid-up share capital and substantial shareholders’ shareholdings.
The Investment is expected to contribute positively to the earnings and net assets of the RIB Group for the current financial year ending 31 May 2015. Moving forward, the potential profit contribution from the investment is epxected to enhance the future earnings of the Group.
Rationale
The Investment will allow the RIB Group to enter into a one-stop motor vehicle inspection business in Taizhou City, Jiangsu Province, PRC, and comes from the PRC government’s initiatives.
REDtone China with her management experience and know-how, marketing knowledge and ICT capabilities, will be able to contribute positively to the venture.
This venture will contribute to RIB Group’s long term revenue and profits, and enhance RIB’s growth potential via China’s subsidiaries. In addition, the long term stable income stream derived from the venture will provide diversification of RIB Group’s business in PRC.
Approvals Required

The Investment is not subject to the approval of the shareholders of the Company or any other relevant authorities in Malaysia except for the approval of the relevant authorities in the PRC.
Interest of Directors and/or Major Shareholders
None of the Directors and/or major shareholders or persons connected to them, have any interest, direct or indirect in the Investment.
This announcement is dated 18 September 2014.
18/09/2014 23:30
layyf is this a good news?
19/09/2014 12:25
sid_slash Very muted response from the market means the announcement means nothing great.
19/09/2014 13:32
speakup Nothing great! Wait for something great.
21/09/2014 16:27


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