Yeah, right, some even said can even reach 20c. But I only said this, a company that can reaches many foreign countries is an achiever, not a survivor! You should buy into an achiever, while you still can afford to.
brahmal already in palette with ts wong before this (hold less than 5%). only this time he foresees the future of this company and therefore decided to invest heavily. that's a good sign, only stupid people like LucasNYC, CentnSenses, MoneyUp88 like to talk shit and scare off people here, because they don't have money to buy this stock after getting stucked in mlab, huaan, anzo. lol
*Palette Multimedia (non-rated)* Mkt cap U$33m * *focus on IoT Healthcare paying off as FY5/18 will see first full year contribution* driven by Russian move into online healthcare * *the Russian connection is highly lucrative* and expect a full Russian budget allocation for CY18 onwards to drive revenues further. Contracts secured so far amounted to U$7.4m with first quarterly contribution in 4QFY5/17 with pretax margin at 24.4% * *Potential upside?* Assuming RM50m revs in FY5/18 and doubling to RM100m in FY5/19, with 15% net margin, Palette could trade up to 64c to 97c if we use 20-30x forward PER for IoT and Healthcare biz.
few weeks ago, i said its possible that TS Wong intentionally push the price down but quietly re-enter but thru different person...maybe brahmal. now, i can say i'm almost certainly right.
then again, i've already said previously that we should buy palette based on their earnings and orderbook. having ts wong previously or brahmal now is just a bonus.
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....
aaksir2604
1 posts
Posted by aaksir2604 > 2017-11-22 01:38 | Report Abuse
Really tp1! It's expected touch down .25cents