REDtone's collaboration with Telekom Malaysia on its Metro E and high-speed broadband services was expected to yield positive results while its network sharing and alliance agreement with Maxis Broadband Sdn Bhd will contribute to the group's earnings for the next 10 years.
Punters are selling off on profit taking. There will be a long break next week in view of the Hari Raya holidays. The counter will probably go into a consolidation mode before the next push for the DTTB play. I think it will still go down next week.
Any long-term buy & hold people out there? The way I see it, these guys should be able to migrate to the main board next year, as long as FY/14 is 6M RM profit or more. Is anybody talking or thinking about this, or is one year the same as five lifetimes to a day trader? Last year, when AMedia announced they wanted to migrate, the price shot up like a rocket!
Raya next week.. a lot retailers and big players already exit some portion/all to go shopping & holiday. Maybe after Raya holiday can see some actions if theres news on the dividen ex-date but frankly speaking the dividen 1.5sen is very little for stock abt 80+/- sen, Need stronger news like win DTTB contract or new higher TP by research house to boost up the price again.
luckily i exit this counter at 0.755 previously and swap to mbb & triplc. Cant deniel Redtone Is a good stock to invest. but for sure is a long term hold. Estimate will back on next Q.
We have good news about RedTone is having opening for new Sdn Bhd companies and new business... Provide Tele-Health Services for Q1 FYE 2014….
On 3rd July 2013, the Company incorporated a 70%-owned subsidiary in Malaysia, namely REDtone MEX Sdn Bhd ("RMSB"). RMSB is currently dormant and the intended principal activity is to provide Tele-Health Services. Pursuant to Rule 9.19(23) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of RIB wishes to announce that the Company had on 3rd July 2013 incorporated a 70%-owned subsidiary in Malaysia, namely RED tone MEX Sdn Bhd ("RMSB") (Company No. 1052697-U). The authorized share capital of RMSB is RM400, 000 divided into 400,000 ordinary shares of RM1.00 each with its issued and fully paid-up share capital of RM10.00 divided into 10 ordinary shares of RM1.00 each. RMSB is currently dormant and the intended principal activity is to provide Tele-Health Services. The remaining 30% of the equity interest in RMSB is owned by People Health Sdn Bhd. The incorporation of RMSB is not expected to have any material effects on the issued and paid-up share capital, consolidated earnings and net assets per share, gearing and major shareholders' shareholdings of RIB for the financial year ending 31st May 2014. None of the Directors and/or major shareholders of RIB and/or persons connected with them have any interest, direct or indirect, in RMSB. This announcement is dated 4th July 2013.
RED tone MEX Sdn Bhd ("RMSB") collaboration with Berjaya Sompo Insurance, KPJ, IHH and some private hospital and Government hospital.
After Raya, RedTone have new signing with Berjaya Sompo Insurance and KPJ….
For Government Hospital they just send tender….
REDtone MEX Sdn Bhd to provide Tele-Health Services and call center .They setup new business with their existing voice and data business.
That reasons Vincent Tan, Berjaya Corporation Berhad, Berjaya Group Berhad and Berjaya Group Berhad invest in Red tone since 4TH June 13.
This information I get from my friend working at redtone as NOC head….Network Operations Center.
Recently their staff medical card have change from AIA to Berjaya Sompo Insurance..
This time we need buy their share not sell, If we sell our share low price...
The bigFish is collect our share...in low price
Raya only 2 day thurs and fri..after that the price shoot up back...
This comes as the company launched a new product and took steps towards developing its telehealth services over the past month.
The group is also venturing into the relatively new area of tele-health or tele-medicine, said the research outfit, which it will be pursuing through its 70% -owned REDtone Mex Sdn Bhd which it incorporated recently.
The idea behind tele-health or tele-medicine is to use proprietary software and electronic devices with audio and visual capabilities to assist in the provision of medical care to patients said the
not only dttb project...they have extra project Tele-Health Services for Q1 FYE 2014…. we just wait until next monday ...they have good news and announcement...
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....
rooney2u
703 posts
Posted by rooney2u > 2013-08-02 16:29 | Report Abuse
Omg, golden hour also not help