That’s why market almost dead today?

Is it true puasa month Muslims can’t play shares?

Just land, no property how to up?

Constructions and all picking up?

All these factories can operate as usual after so many foreign workers left?

It’s only in metal, not semi conductor right?

Why insiders disposed so much?

Maybe good news only reflected in coming QR?

X logic economy open, school open, Office open but no demand for this co’s products...

Retail market still x fully open yet?

Biden wants home grown industry.

Subjected to high US import tax.

Old news above for newbies. :)

Radiant Globaltech to grow supplier base online

Thursday, July 30th, 2020 at Business | News | Technology

by FARA AISYAH / pic by TMR FILE PIX

RADIANT Globaltech Bhd aims to grow the supplier base of its retail management portal, AX Retail B2B, to 5,000 suppliers by end-2020 from 3,500 in 2019, supported by rising demand from retailers as more businesses resume operations during the Recovery Movement Control Order (RMCO).

Its MD Paul Yap Ban Foo (picture) said the group has seen an increasing number of enquiries as Covid-19 has altered the retail landscape and prompted retailers to reduce reliance on manual processes while maintaining operating efficiency.

“In the first quarter (1Q20) alone, we recorded a total of 3,850 registered suppliers, and are expecting to reach 5,000 suppliers by end-2020.

“Going forward, our main focus is to expand our software division within the retail sector in Malaysia,” he said at a virtual press conference yesterday.

He added that the group is still expanding its software team due to increased interest in the AX Retail B2B portal.

The retail technology solutions firm is looking to add more notable retailers from supermarkets, hypermarkets, departmental stores and convenience stores into the retail management portal.

Customers on its portal today include suppliers from 7-Eleven Malaysia Holdings Bhd, Parkson Holdings Bhd, Aeon TopValu Malaysia Sdn Bhd, Sogo (KL) Department Store Sdn Bhd, MPH Group Malaysia Sdn Bhd and Manjaku Baby Centre Sdn Bhd.

The AX Retail B2B portal currently contributes around 15% to Radiant Globaltech’s total revenue, Yap said.

He added that the group “strongly believes” it can achieve its revenue target and maintain positive revenue this year, despite disruptions from the Covid-19 pandemic.

In 1Q20, Radiant Globaltech’s net profit plunged 96.3% to RM21 million from RM569 million last year, mainly due to business losses attributable to the newly incorporated subsidiary in Thailand and higher staff costs in the software segment.

Quarterly revenue, however, increased 2.3% from RM13.82 million in 1Q19 to RM14.14 million this year, of which RM11.72 million was contributed by the hardware and maintenance segment and RM2.42 million from the software segment.

Revenue contribution from the software division has been on an uptrend from 2016 at RM7.1 million to RM15.9 million in 2019, with a three-year compounded annual growth rate of 30.8%.

“Our retail software solutions are able to support physical retailers and e-commerce platforms, allowing us to capture the uptrend of online shopping,” Yap said.

He said the firm is still on the lookout for hardware contracts and is well-positioned to ride the eventual rebound wave of the retail sector in South-East Asia.

Radiant Globaltech up 3.33% on venture into Thailand via JV with local firm
Surin Murugiah
/
theedgemarkets.com

January 09, 2020 09:25 am +08

Radiant Globaltech up 3.33% on venture into Thailand via JV with local firm
-A+A
KUALA LUMPUR (Jan 9): Shares in Radiant Globaltech Bhd rose 3.33% this morning after the firm announced that it has entered into a joint venture (JV) with Thailand’s Simat Technologies Public Company Ltd to provide point of sales equipment and retail software solutions to retailers in Thailand.

At 9.05am, Radiant Globaltech rose 1 sen to 31 sen, valuing it at RM162.81 million.

The JV company, named Rgtech Simat Co Ltd, will be a special purpose vehicle (SPV) to undertake the business of selling computer hardware, software, network equipment, development of information technology solutions and to provide maintenance services in Thailand. The SPV will distribute a range of front-end retail hardware and provide back-end retail software solutions to retailers.

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Radiant Globaltech said it will fund its THB 4.9 million (equivalent to RM700,000) investment in the SPV for a 49% stake with cash from internal funds. Simat, meanwhile, will inject the same amount into the SPV for its 49% share.

Not sure if these news posted here before. :)

Radiant Globaltech gets shareholders' nod to buy majority stake in Grand-Flo Spritvest
Surin Murugiah
/
theedgemarkets.com

October 23, 2020 14:34 pm +08


Radiant Globaltech gets shareholders' nod to buy majority stake in Grand-Flo Spritvest
-A+A
KUALA LUMPUR (Oct 23): Retail technology solutions provider Radiant Globaltech Bhd has obtained its shareholders’ approval to acquire an 80% stake in Grand-Flo Spritvest Sdn Bhd (GF Spritvest) for RM11.6 million cash.

Radiant Globaltech had on Sept 10 said the remaining 20% will be held by Jejaka 7 Capital Sdn Bhd, in which GF Spritvest director and chief executive officer Cheng Ping Liong holds majority equity interest of 55%.

In a bourse filing, Radiant Globaltech said its shareholder approved the acquisition at its extraordinary general meeting today.

It said the acquisition of GF Spritvest would allow the group to expand its customer coverage to include non-retail customers such as fast-moving consumer goods (FMCG), electronics, and utilities industries in Malaysia.

Radiant Globaltech managing director Paul Yap Ban Foo said the firm intends to integrate GF Spritvest’s software offerings to its AX B2Ba platforms, and combine technical support service teams.

“This allows us to create a synergistic effect through enhanced solutions and capture a larger market share in the non-retail segments, including the FMCG, electronics and utilities segments.

“Once the regional borders are open, we will have the opportunity to bring GF Spritvest’s software offerings to countries where we have established a direct presence, namely Cambodia, Vietnam and Thailand.

“This would bring us one step closer to reaching our goal of becoming a leading total integrated technology player,” Yap said.

Radiant Globaltech said the acquisition is supported by a service agreement with Cheng, who will continue to lead GF Spritvest.

Further, it said Cheng would provide a cumulative net profit guarantee of RM3.2 million from the completion date of the share sale agreement (SSA) until the financial year ending Dec 31, 2022.

The firm said the acquisition is expected to be completed in the fourth quarter of 2020, pending the fulfilment of terms of the SSA

A unit of Main Market-listed Grand-Flo Bhd, GF Spritvest provides electronic data capture and collation solutions that enable businesses to manage and collate data with barcode and radio-frequency identification technology.

Its clientele includes prominent companies in the fast-moving consumer goods and electronics industries, as well as government-linked companies in Malaysia.

At midday break today, Radiant Globaltech rose 7.35% or 2.5 sen to 36.5 sen, valuing it at RM191.69 million.

This counter sales sure good! :) https://www.thestar.com.my/news/nation/2021/03/17/pemerkasa-rm2bil-allocated-for-schoolchildren-to-purchase-smart-devices

I regret very much didn’t grab more when it was very much lower! I’m ready at next down trend. Make it soon pleaseee!

On 19 / 3/ 21 got Conversion of Preference Shares - 1,300,000 shares at 0.040. Tak habis2 ! Maybe that’s what caused the lausai. Hahah!

Lausai ? What lausai? Win/ loss depends on your entry price lah!

Btw this counter after pandemic still can buy? Midterm investment. Honest advice appreciated. Thank you.

EatCoconutCanWin gloves can recycle?

No run today?

When QR out?

The amount of conversions, no wonder cant go up! How many millions more to go?

Got dividen?

Now that pandemic is almost over, will it still grow? For midterm investment. Honest advice pls. Thanks.

840728045079 sorry to hear about your loss! But what makes you choose all those 12 counters lol !

Indeed it’s a growth stock! That’s why I invested. Keep here mid to long term better than keep in FD.

@jack2 read below?

Predict_Future Buy now !!) 12.30pm got good announcement !!!

JB PROJECT RELATED WITH SOLAR
03/03/2021 9:37 AM

I will only buy co I wanna keep. So short term ups and downs won’t matter. What I disagree is, got good news but price go lower!

That’s why I choose to invest. Won’t lose cos this counter trend is upward! :)

Lucky cannot short selling!

But why?

What I noticed is normally this counter no volume, but today got!

Or Let me rephrase, why wouldnt shark fry up this co kaw2? Good excuse to do so!

But why won’t a good co want it’s value appreciate?

Now it’s your chance to buy more, Predict_Future! Will limit up today yes?

And should appreciate accordingly la! :)

Good surprised got so many good news though!

Indeed I actually bought for investment last year.

It’s going up again!

Hope even one day show is good show! :)

Surely got operator!

Huge volume though!

Due time to limit up!

Ini kali la!

So many esos how to go up?

When QR?

TP is target price.
TG is Top Glove.