1. Because of its small margin not many want to do it. That was the reason why TGuan did so well selling drinking straw. Nobody want to do it. But TGuan share price rose from less than Rm1.00 to over Rm4.00 once.
2. With huge volume even small margin is worth it. The Whales being the biggest eat tiny small krill...millions of them. So ECS will capture 30 million Malaysian buying power eventually
MALAYSIAN SMEs Will Have 6 Billion customers world wide.
Just like Ajinomoto expanding worldwide....Malaysia durians, e&e, furniture, old town coffee, tongkat ali, bird nest and all other products could be marketed world wide on the world wide web
I think ECS ICT will be a boring stock due to low margins. No doubt the price has bottomed but there's not likely much upside. I would think that other battered stocks which are many would offer greater upside.
There was one even more boring stock selling plastic straw called TGuan. 10 years ago TGuan was an unwanted penny stock at only 55 sen in year 2008/9.
On feb 24th 2017 TGuan turned into a very hot stock at Rm4.79 (Up 770% in 9 years or 85.5% a year. How little profit margin selling a plastic drinking straw?
At that time only TGuan Boss was buying at 55 sen when all shunned it.
You were younger then. Twenty years ago I could hold for a decade if I wanted to. But today at my age I have a shorter time horizon. I had a great time during the Second Board a-go-go time.
Last time when I visited Johor Premium Outlet in Johor I saw PADINI selling designer clothes at bargain prices.
I saw the potential of PADINI at Rm1.60 & called for a buy. In good times people buy PADINI shirts because it offers Value. And in bad times even more people will buy PADINI shirts because of economy & savings by its huge marked down prices.
And I was right. PADINI later up 200% to almost Rm6.00
So in good times we happily find Bargains by Online Shopping
Bad times?
Ha! Even more vital reason by buying Online for HUGE SAVINGS FROM 30% TO 80%.
The tremendous success of AMAZON, ALIBABA & LAZADA prove that THIS IS THE FUTURE
Jeff Bezos has now overtaken all to be the No. 1 Richest Man on Earch through his Immense Success in AMAZON - First started Selling Books Online - Then Branch Out Into All Plethora of Goods & Services Online.
THIS IS WHY CALVIN HAS HIGH HOPE FOR ECS ICT
LISTEN TO ECS CAPTION AGAIN & THINK
(((DRIVING THE E COMMERCE REVOLUTION)))
And since today is THE LORD'S DAY time to visit www.chick.com
Padini is one regret to me. Bcoz for whatever reasons, this stock was not appreciated by the market for its fundamentals and have been undervalued for many many years. And out of nowhere mr.market falls in love with Padini, re-rate its multiples higher and higher. And i sold early thinking its probably fairly valued basing on its historical multiples.
Gobind Singh Deo said it would also ensure the Internet could be enjoyed by all levels of the society, including in the rural areas , towards having a better informed society.
“We see all houses have electricity and water supply because they are basic rights. if possible, we want all houses to be provided with Internet infrastructure or broadband,” he told reporters after a meeting with the ministry’s staff in Sabah here today.
Gobind Singh said the Ministry was committed to further strengthening the Internet infrastructure, including with the use of fibre cable and wireless technology so that the facility could be accessed everybody.
Towards this end, he said the ministry was in the process of discussing with telecommunication companies on the proposal to change the National Fibre Plan (NFP) to National Connectivity Plan
一买就大涨 calvin, don't forget, online no after sale service, nowadays electric goods are not durable, my fan spoilt within a few mnths, luckily it under warranty n can change straight away from the store... n also u might be con not all are genuine sellers... 22/07/2018 12:42
Yes, i think in Malaysia Online sales back up is weak.
I got lucky so far. 2 York Aircond I bought almost 2 years still ok.
Some items I bought not so big as i thought. But all Ok for the price.
I would say i am at least 80% satisfied.
In Singapore the Computer CBU i bought got heavy sound. So I called the seller who is from Pandan Loop. He came and replaced it. See i am able to post this now?
Working well.
Btw
At Jurong Point Shop Rental is S$20 to S$30 pm (About Rm60 to Rm90 psf)
His warehouse in Pandan Loop cost only S$1.00 to S$1.50 psf or Rm3.00 to Rm4.50 psf
So he could really compete as his rental cost is only a mere 5%
THIS WILL SPELL THE DOOM OF MALLS ALL OVER THE WORLD.
But Companies with Warehouses will thrive.
Ha! I already got one in mind. A transport company with both Normal & Bonded Warehouses. That will be my next post
calvin, don't forget, online no after sale service, nowadays electric goods are not durable, my fan spoilt within a few mnths, luckily it under warranty n can change straight away from the store... n also u might be con not all are genuine sellers...
from my observation, calvin's promotion can only last 1 day.. better don't chase high..
For this i agree with you
Some of Calvin's stocks like Opcom, Gsb, Waseong, Kulim, TMakmur, TheStore, and Super Enterprize and others are so cold that nobody bothered until owners took them private.
but mata buta calvintaneng, since u r so bullish on internet shopping, then why u still want promote mui since retailing accounts for almost 25% of its revenue stream?????
calvin, I know y that trash keep barking at u, bec u are the ony 1 entertain her.. to the others, she is transparent n I never waste my time to read her posts..
why dont u and flyingkite activate ur clones to report all my postings as abuse?????
good way to spend ur sunday afternoon.
lol.............
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Posted by Fabien Extraordinaire > 2018-07-21 13:04 | Report Abuse
Profit on downtrend. Profit Margin below 2%. Low ROE.