I justtttttttttttttttttttttttttttttttttttttttttt sold yesterday....alway like this,...keep dont move..dah jual baru jalan....:-) how they know hah when we sell..
Volume.. you tak lepas, tak kasi jalan, kalang kala tekan lagi bagi you tak tahan. sakit hati pun kena lepas.. you lepas, terus jalan terus naik bagi you kejar kejar ooo. hahaha.. ni stock mahh..
PALETTE Multimedia Bhd which has convincingly turned around, with two consecutive quarters of profits following three years of losses, might just be a wild card stock to bet on based on its new business pillar of mobile health.
People talk about the Internet of things. Well healthcare is also moving into that segment.
For Palette, it is via its iMedic system used for mobile digital medicine which enables patients to take measurements of their vital signs (for example, blood pressure, oxygen saturation in the blood and electrical activity of the heart) with home wireless medical devices.
Data from these devices is transmitted to a Cloud (which is an Internet-based database) where doctors have access and can analyse such data at any time and any place using WiFi.
The most important aspect about iMedic is that it manages complete patient information because it includes radiology and ultra-sound images.
The iMedic pillar has started generating revenue for Palette.
The stock is also cheap at seven sen and market capitalisation of only RM22.37mil.
For the three months to March 31, 2016, the stock recorded net profit of RM472,000 on the back of RM1.3mil in revenue.
For the fourth quarter to end-December 2015, Palette recorded a net profit of RM304,000 from loss of RM5.32mil. For the full year, it swung back to the black with a net profit of RM2.18mil from net loss of RM7.3mil.
More importantly, the i-Medic system has its maiden contract valued at US$500,000 (RM2mil) from Griffin International Pte Ltd.
The exciting thing for Palette is whether it is able to sign up more hospitals and replicate the business on a much larger scale, Once it gets a contract, revenue is recurring in nature. It will be interesting to see whether Palette signs up more contracts over the next few quarters. – By Tee Lin Say
The initial marketing campaign for iMedic is now in full swing, with key doctors being recruited. In addition development has started on the IOS Apple version of iMedic to broaden its appeal. Overall efforts are on track for revenue impact within Q3. On the SDN Network product front, the first trial has concluded and new features are being added in order to get it ready deployment in the very near term. A number of key prospects have begun detailed evaluation of the product and we expect increasing interest as its live deployments start.
why the revenue from 1st April 2016 to 31st May 2016 is zero. Is it meant that no business at all for this period ? Will appreciate anyone know what is happening?
Palette’s new range of software defined network products have completed successful testing and is awaiting its full live trial & initial purchase. This will be a breakthrough into an new area of network innovation that will drive a new source of revenue. The iMedic system is in its initial rollout phase and is being refined further in order to ensure successful commercialisation; this is Palette’s entry into the new arenas of online health care as well as IOT (Internet of Things). In the IOT arena Palette will be launching an innovative Wifi SDcard product that provides personal cloud storage to supplement the limited storage on smartphones and the revenue impact is expected to be in Q2 2016
Disappointed to hold the stock for few months. When financial result was good, price not moving. Can't imagine for the last quarter, no revenue at all.
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....
ECGC
115 posts
Posted by ECGC > 2016-06-29 12:29 | Report Abuse
I justtttttttttttttttttttttttttttttttttttttttttt sold yesterday....alway like this,...keep dont move..dah jual baru jalan....:-) how they know hah when we sell..