This Ucrest movement is based on revenue. Contrary to Bursa standard using net profit as measure. Maybe Brahmal still got American DNA in his goreng style.
movement is based on retailers buy and sell,if many go buy they will push it down,if many sell they will push it up.news and reports just like a magician.u see his right hand only didn't see his left hand....hahaha.all tipu and manipulation in bursa
Not much worry lah. The current revenue is recurring income on software. That's y no Cost of sales and led to high profit margin. The recurring income will continue to earn more after the customer from Russia and Singapore buy device from Ucrest. We are buy on company fundamental not on the share price. The company will have another device income and recurring income from Singapore as they signed the contract with Key Asic already. Hence, the revenue and net profit will increase in the coming quarter again.
Management do not announce current contract obtained as the rules said that the Company would disclose the contract more than 10% of annual revenue last year. Hence, the current contract do not need disclosed as last year revenue is 50m. No announcement doesnt means no contract obtained.
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....
Nicholasming91
3,559 posts
Posted by Nicholasming91 > 2018-11-26 18:05 | Report Abuse
Patience my friend , mr pang what price u got in ?