DJDJ“In April this year, the MCMC called the first tender of 400 towers and Instacom has participated in the tender exercise,” Instacom chief executive officer Anne Kung told The Borneo Post recently. “Of this first phase, Sarawak was given the lion share of 149 towers. “The results of this tender is expected to be imminent and Instacom is confident it will be participating in building a substantial number of these towers.” Kung affirmed that these 149 towers planned for Sarawak will bring cellular coverage to many rural areas currently without coverage and will surely be most welcomed by the inhabitants who have waited long for this essential service.
myviewIt's a matter of time for Instacom. Investment is not making money overnight.
gaussHello, just to share, no offense to anyone here. I used to be INSTACOM supporter, hold around one year...looking at descending profit every quarter, finally I decided to cut loss. Yes, they business model seem like promising, REIT telco tower...this why I invest at the beginning, if they made success in the next 2 years, I'm sure it's share price will worth RM2. My points is that...if this is the case, why don't wait for more stable result first? like the share price sustain at certain level...and then only started to buy in and hold for few years. Never late for me to buy a "growing" company, but buy an "uncertain" company is not my investment style. Please think wisely, what they did recently? maybe they want to put aluminium windows flame at telco tower...haha
myviewqauss is right. If the company is certain of getting the tower project, the price would have been rm2.00 now. Buying now is higher risk. So we pay lower price. Buying later when they are assured of the project, we will have to pay a higher price but with lowered risk.