With holding power, you may not need to worry. If not, you may need to set a stop loss price. Do not see any bouncing sign yet. Wait few weeks and see how.
Now the price looks good to enter, which is near to the previous support. to smallplayernia, price going up and down every day, in which long term investors need not to worry. Only need to focus on fundamental.
Based on the QR report, the result is commendable considering the foreign exchange between Euro/Rubbles/MYR, and they achieve about 30% NP margin. Not many business can achieve this, but niche IT company like Ucrest did it. It is a good strategy to specialize in medical IoT while it is new in Malaysia and the rest of SEA. On the other note, huge intangible asset is common for IT company, since it is dependent on the software license etc as explained by tkk1127. Next quarter earnings should be good judging from expanded receivables (about RM11 million), which jump more than 50% than the previous quarter.
Currently they have partnered Russian, Chinese, and Singaporean Hospitals and hopefully they can announce a deal with 2nd largest hospital chain in the world IHH Healthcare. The potential is huge considering IHH operates Parkways, Gleneagles, Abicedem & etc. Other potential is to rope in KPJ, TMC and Sime Darby Ramsay. These are all local companies which offers access to mid/high net worth patients which could afford their products. Most of their revenues are derived from Russia, which we hope that it can expand contribution from Singapore, Malaysia, China and possibly Indonesia & Phillipines fast enough.
Ucrest in their Annual Report have mentioned that their source of revenue comes mainly from IoT hardware which is would gradually be supported by software sales. Just compare with OpenSys which manufacture Cash Recycling Machine (ATM + CDM). Their revenue are derived from hardware which later overtaken by software sales.
In the long run, believe that it would surpass the previous high of 45cent, provided it is supported by continuous high earnings.
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....
huahtai98
770 posts
Posted by huahtai98 > 2019-01-31 19:03 | Report Abuse
Haha....there are smarter people...always.
Only time will reveal who these people really are.
Amituofo.