generally a weak quarter..mainly due to lower work progress of MTNS business..the MTNS only registered RM24 million revenue and PBT of RM3 million..maybe due to year end holiday so slower work progress?or the board wish to dampen market sentiment to drive speculators away?well,look at price action tomorrow then we'll know.

the merit of the latest quarter would be PBT margin rebound q-on-q,from 10% last quarter to 13% in current quarter despite revenue drop..the is very important because very big portion of MTNS's cost was fixed cost..so when revenue drop normally means margin will drop even more..so the latest margin figure is indeed a surprise..i expect higher margin from MTNS business in the future when work progress normalized..supported by TIME 3 contract(estimated outstanding order:more than RM100 million) and NFCP related projects.

IDS and associate business continue to contain its losses..sri lanka project that worth RM130 million haven show its contribution yet..but i think it will start to make contribute in near term(FY2020).

in conclusion:the fundamental and prospect of redtone remain unchange,so my recommendation will remain the same,buy on weakness at below 50 cen level.cheers

hahahaha...did you read the businesses carefully ah?if you dont,pls read it again and again la,make sure you understand the most basic things before you start blogging and dont mislead people,why simply talk?you dont even understand what redtone really doing man!

majority of revenue and profit come from Telekom???hahahahahahahahaha...in your dream..

i wont suggest people to buy more at current price based on risk and reward,but if any big fall like what happen two weeks ago reappear,then it is good time to buy and keep for next 6 month.

when rocket?hahaha,if coming quarter EPS more than 1.5 cen then rocket lo,otherwise have to wait until May when NFCP 2 come into play.

for me,i still waiting for the latest result.if the result is poor due to some one-off items(easiest accounting trick to drive small investors away) and lead to sharp fall,i will add more share as the future is unbeatable.if the result is fantastic and lead to sharp rise,i'll just sit back and enjoy the show.

so,i'll advise avoid redtone if you dont want to hold for at lease another 6 month.

actually i think redtone will continue to consolidate between 48-57 cen range in short term,while waiting NFCP 2 and other telco project announcement,unless coming quarter result surprise me.when i say surprise,it means Net profit must above RM9 million,then we can start to expect 60 cen and above.

sell towers?no,because no one would want to buy as the towers not profitable due to no enough population to support the utilization rate,thats why all towers will be funded by USP fund(go to read again what is USP fund in MCMC website if you dont understand the concept)

total investment under NFCP estimated at RM21.6 billion,and USP fund will contribute more than 50%.so,there is no such things that 2021 to 2023 will mostly fiber optic cable works in urban areas,thousands more towers is needed in rural area to achieve 98% coverage target,especially sabah and sarawak.

and one more thing,fiber optic installation and commissioning in within redtone core expertise also,pls click the link below

https://www.redtone.com/telco-engineering-services/

about how much umobile willing to pay their service provder..i think you shouldn't worry much..as no service provider gonna take the jobs if it is not profitable..so there is no way umobile can keep all the profit themselves as they have to rely on 3rd party provider to deliver the project to MCMC..

thats why i feel weird that maxis and umobile had won NFCP 1,as both company will definitely outsource almost all the works to 3rd party service provider eventually..i hope MCMC or gobind singh will explain the rationale to investors..

hi monetary..the only service that umobile can provide in USP project is equipment supply..they can simply buy all the equipment needed from huawei or ericsson..but,when talking about installation,testing,network optimization,commissioning and maintenance,that is totally out of umobile expertise(in fact,all the mobile operator dont do the works by themselves,thats why we have OCK,REDTONE and BINACOM as their service provider)..so they'll outsource all the works other than equipment supply..thats for sure..just who will be picked as service provider..

however,i do not expect much from NFCP 1,even both maxis and umobile outsource all the works to redtone,the total value should not excess RM150 million.

my target is on NFCP 2 that worth RM900million-1 billion,and many more bigger project to come.

and do not forget that,maxis will outsource all the installation and maintenance to service provider also,and binacom have the greatest chance to win contract from maxis.

however,we cant discount the possibilities that redtone might also win contract from maxis(Only for USP project),as the manpower of binacom is focus on servicing urban area,to provide service for another 102 towers in rural area(locate from johor to terengganu) might be challenging,not even mention the 5 year maintenance(how to allocate additional manpower across 7 state,with only 10-15 site per state,while remain profitable?).

in contrast to binacom,redtone is specialist in rural area,they have no issue in mobility and owned ready manpower across whole malaysia,everything is already there,thus very competitive in pricing and delivery.

the value is actually much higher.

if u mobile outsource installation,commissioning and maintenance work..the contract value might as high as RM40-45 million.

cost to build a tower in malaysia was around RM300k,but in the case of USP project,i assume RM500k(as rural area involved higher logistic cost) ,so the tower construction portion should worth RM75 million(500k x 152),add on another RM30million(RM200k each site) for land cost,the total is estimated at RM105 million.

that means the equipment supply,installation,commissioning and maintenance(5 year) portion should worth RM185 million.

At 33%, the total value that u mobile won should around RM 60million.umobile able to purchase and supply the equipment for 50 site,which could worth RM15-20 million(assume USD75k-100k each site).

the difficult and expensive part is actually installation,optimisation and commissioning,as it involved complex technical expertise to execute..manpower cost is high as professional engineers is needed for the entire working period(12 month)..not to forgot the cost for 5 year maintenance(u mobile will outsource also)..so the portion that umobile have to outsource could worth RM40-45million.

very high chance the works will eventually flow to redtone as umobile dont do installation and maintainance,and redtone had great presence at all the rural area in sabah and sarawak,chear advantage.

just have a close look on the NFCP 1 break down..the 50 site that umobile won all located in sabah..

0032 bad counter for trader,but good counter for investor:)

based on the latest information,NFCP 2 which should announce by 2nd quarter this year should worth RM900 million to RM 1 billion.that is indeed the one i really care for.

however,for the NFCP 1,initially i thought Redtone wont get anything,but now seems like the contract is coming back by another way.

very surprise that maxis and umobile won NFCP 1,as they do not have the expertise to execute the contract,but have to outsource the jobs to contractor like redtone and binacom.i dont know why MCMC selected two company that going to outsource almost all the jobs eventually,maybe it is because they can offer cheaper equipment supply as they got the volume advantage,MCMC should explain this to public.

hmm..go back to consolidate mode..good luck to all short term trader:)

hopefully EPS continue above 1 cen in coming quarter.

but again,i dont recommend chase high,only buy on weakness.

i think after result announcement redtone can pick up,since redtone is the best performer(in term of financial result) among NFCP related counter.while other still waiting for NFCP project to spur growth,redtone still got RM150 million TIME 3 project and RM 130 million sri lanka hospital project to be deliver.result will remain good in foreseeable future.

you want talk NETX,then talk at NETX forum,this is REDTONE forum.

guys pls help to report all the NETX post here,tired to saw all these long but pointless post.

probably another record breaking quarter.

judging by previous record,quarter result will be release by next week.

be ready for the coming quarter result,TIME 2 contract still have RM150million revenue to be recognize,the billing of TIME 2 should reach its peak by coming one or two quarter,as redtone is clearing old contract to prepared for bigger NFCP 2.

RM130 million sri lanka project might also make maiden contribution from this quarter or next quarter onward,good reason to looking forward.good luck guys:)

no more chance to buy low,quite lucky to be able to buy 100k at 0.455 last week.

good timing to buy share.

i just sold few of my old banknotes.raising another 67k.prepared for another sell down.

i add another 60k at 0.47 and 40k at 0.435 during recent sell down.quite happy with the cost.

bought another 40k at 43.5cen.out of bullet now haha

add another 30k at 0.47

forget bout the announcement,wont help much as the scale not significant,focus on next month result and NFCP 2.

i think the coronavirus should reach its peak in this week

hard to choose haha

too many chances in bursa right now.

i sold my unit trust before CNY.now got extra money to invest.able to buy another 70k share.

as the total infected cases will reach it peak very soon.

doesn't make sense at all for the market to drop so much just because of the coronavirus.

good chance to buy share,not only redtone but many other good bargin.

i bought 30k today at 48.5.

tomorrow may panic sell,should able to buy below 50 cen.

thats why i always said if anyone want to buy redtone,be prepare to hold for at least 6-9 month.

dont expect much,redtone will only move when there are actual progress in fundamental,like win new contract or result improvement.

Hi jun,other than servicing own towers,OCK also provide services to towers not owned by them.Which means they are not only towers owner,but also services provider,which allow them to benefited from huge capex spend by private telco like digi or maxis.

In fact,they can also participate USP project if they intent to do so,as they own all the necessary license,which issue by MCMC.

On the other side,SACOFA is focus on their own tower business,they are monopoly in sarawak,they'll build towers at commercial viable area and rent out the network to any telco that wish to penetrate into sarawak market,like digi,maxis and celcom.

So,SACOFA is not services provider,as there are no one else to service in sarawak(as they already monopoly).In fact,they might need service provider like Redtone,Binacom or Ock to help them to manage and maintain towers portfolio.

SACOFA is making good money and prospect is bright,mainly due to they are the only company that owned and operated private towers in sarawak,not because of NFCP.

i dont like to argue,so i'll stop here.time will tell the truth.

and it is useless to aggressively defend your view here.If you so confident on NETX,just buy as much as you can lo,i never ask you not to buy what?

but you cant force me to believe what you believe.

thank you.