Where r the naysayer..who claims not enough explanation by management despite good result la and he has 10 years of investing experience la.. bla bla bla..
Be careful...thru my observation, this ctr has the tendency to move up to this price range of 1.90 - 2.05 whereby mngement staff or board of directors wud dispose a certain number of their holdings. I believe the disposal doesn't affect them very much at all cos at the same time, they can still exercise their share option at a much lower price to replenish what they had sold. Thus, a brief period of consolidation may take place...this is just my belief/opinion
Supercomnet Technologies Bhd (Scomnet) saw its net profit rose 19.2% to RM4.88mil in the first quarter ended March 31 from RM4.09mil a year ago.
Scomnet registered a revenue of RM37.57mil, an increase of 33.46% from RM28.15mil a year ago.
“Despite the Covid-19 pandemic, the company kicked off the year 2021 positively, contributed by strong orders from the medical segment and improved performance from the non-medical segment.
“Moving forward, the medical segment is expected to play an even bigger role supported by the increasing demand from not only cardiovascular, stroke and respiratory devices, but also new segments such as tactical military medical devices,” Scomnet said in a statement.
Scoment said among the growth catalysts for FY2021 would be the commencement of production for one of its new products, namely Rotational Thrombectomy Device for a European company, which has started in the second quarter of 2021.
“This new contract shall act as a new stream of growth for the company and provide long-term earnings visibility,” it added.
Company with outstanding performances but the share price keep on dropping. Investing is HARD.. :( Enlighten me with something if I misunderstood or miss out anything. Thanks in advances.
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MQ Trader 2938 views | 2 d ago
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Live2Win
486 posts
Posted by Live2Win > 2021-04-05 17:07 | Report Abuse
so far so good...