DIGISTA (0029)

DIGISTA : Volume & Price Breakout today. The counter has been trading low volume for some time. It has this morning demonstrate a resistance breakout above 0.205 conclusively with reasonably good volume. DIGISTA CLOSED 12.30PM TODAY AT 0.215 WITH TOTAL VOLLUME TRADED OF  3.89 MILLION.

52-WEEK RANGE : 0.185 – 0.305

The trend movement indicates that something is amiss about this counter.

It is expected to release it’s qtr results  tentatively on 27 Nov 2015.

Digista has demonstrated sterling performance during the last 2 quarters with PBT of RM12.14 mil n PAT of RM7.34mil against the previous 2 quarters of a huge loss of PBT (RM20.39mil) and PAT of (RM11.742 mil).

It is anticipated that Digista to replicate their sterling performance this quarter.

Background
Digistar was established in 1982 and is listed in the Malaysia stock exchange in 2003. The Company started as a system house, specialising in design and installation of communication systems. Today, the company is divided into 6 divisions: IPTV & E-commerce, Telecommunication & Information Technology, Total Security System, Broadcast Engineering (Local), Property & Construction, Broadcast Engineering (Overseas)Digistar has a strong reputation for its experience and reliability in designing, supplying, supervising and installing quality and specialised service systems as mentioned above. With it proven track record and versatility in the industry, the group is able to design and install systems that meet client requirements while reducing cost without compromising on quality. Backed by qualified and experienced engineers, Digistar has the capabilities to meet even the most complicated demands. Technology for the broadcasting industry has grown tremendously over the past few years. By year 2015, all broadcast television stations around the world will be required to switch from analogue to digital television. Also, the response to HD and 3D technology has been overwhelming which is changing the landscape of the industry. This development gave rise to many potential opportunities and Digistar is determined to play part in it. Digistar continuously invest in training its staff force to be well equipped with the latest tools and industry knowledge. With such dedication, Digistar hopes to steer ahead of competition and become a leader in providing Broadcasting and related solution to the region. (http://www.digistar.com.my/final/vision.html)

Short-term TP : 0.26 with subsequent TP 0.305

HAPPY TRADING

BURSAMASTER