Posted by wploun > 2014-01-28 15:05 | Report Abuse

Buy in low now........sell high (TP 0.81)

Posted by WiseEye > 2014-01-28 19:33 | Report Abuse

TP for next 11 months - RM1.20. Looks achievable due to longer time frame and requiring time to reflect earnings from China

Posted by pslkft > 2014-01-28 21:07 | Report Abuse

It is really nice see peoples' fears, hope tomoro price reverse and drop more...so that I can have fun collect more before more good news out!!! Hahaha!!!

Substantial share holder dato wei chuan beng is also quiet quiet collect....

Posted by alex_theking > 2014-01-28 23:41 | Report Abuse

Hi all we have good news tat buy new company at china....


Pursuant to Rule 9.19(24) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of RIB wishes to announce that Shanghai Hongsheng Net Telecommunication Company Limited, an indirect subsidiary of RIB, had on 22 January 2014 acquired 56% equity interest in Shanghai Xin Chang Information Technology Company Limited ("Shanghai Xin Chang") for a consideration of RMB4.5 million (equivalent to RM2.547 million*) (“Acquisition”).
Shanghai Xin Chang is a company registered in the People's Republic of China with a registered capital of RMB10 million. The principal activity of Shanghai Xin Chang is marketing and distribution of internet phone call and discounted call services.
The Acquisition does not have any effect on RIB’s issued and paid-up share capital and substantial shareholders’ shareholdings. The Acquisition is expected to contribute positivley to the earnings or net assets of the RIB Group for the current financial year ending 31 May 2014. Going forward, the potential profit contribution from the Acquisition is epxected to enhance the future earnings of the Group.
None of the Directors and/or major shareholders or persons connected to them, have any interest, direct or indirect in the Acquisition.
This announcement is dated 28 January 2014.
*: Based on the exchange rate of RM1.00 : RMB0.5498 on 22 January 2014 as set out in the Bank Negara website, subject to rounding.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1527145

Posted by alex_theking > 2014-01-28 23:44 | Report Abuse

hope tis Shanghai Xin Chang will make profit for redtone group....before 30/5/2014

Posted by alex_theking > 2014-01-28 23:45 | Report Abuse

i still waiting news for redtone data center and tele medical...

Posted by Investeye > 2014-01-29 09:34 | Report Abuse

As earlier mentioned, it is right direction for Redtone focus on HSBB and China market. For local M2M may has a chance and depend their marketing team. So, I expected these will reverse the trend to positive and expected share price will fly higher to 1st target of rm0.70

Posted by alex_theking > 2014-01-29 09:54 | Report Abuse

i think dato wei still collecting some share today also...

Posted by Investeye > 2014-01-29 12:16 | Report Abuse

Main share holder still buy in 420 lots on 28 Jan.

Posted by WiseEye > 2014-01-29 17:09 | Report Abuse

This counter would suit ColdEye's criteria for stock pick

Posted by speakup > 2014-01-29 23:25 | Report Abuse

tomorrow cold eye follow wise eye advice

Posted by WiseEye > 2014-01-30 11:51 | Report Abuse

Lol speakup, I like your statement.

Posted by micky92 > 2014-01-31 00:10 | Report Abuse

Any further drop is good for us to collect cheap..fundamental look good to me

Posted by speakup > 2014-02-03 00:33 | Report Abuse

redtone when go main-board?

Posted by JimYeoh > 2014-02-04 09:54 | Report Abuse

strong and steady

Posted by invester > 2014-02-04 20:11 | Report Abuse

Redtone continue to buy back the share.

Posted by WiseEye > 2014-02-04 22:53 | Report Abuse

damn it, redtone management buying its shares again? if i have enough bullet i would love to buy it again too.

Posted by speakup > 2014-02-04 23:30 | Report Abuse

kenanga say redtone going main-board.

Posted by WiseEye > 2014-02-04 23:40 | Report Abuse

been always hearing that, but no concrete date. is the news recent? please provide source.

Posted by kenlfo > 2014-02-05 10:37 | Report Abuse

recently volumes is low, luckily SBB still on going.

Posted by ch741001 > 2014-02-05 15:09 | Report Abuse

Up....no volumes

Posted by millionhair > 2014-02-05 15:44 | Report Abuse

sleeping soundly

Posted by pslkft > 2014-02-05 17:09 | Report Abuse

buy back volumn so small...can't affecting price trend...still keep going down hill

Posted by Bigboy > 2014-02-05 21:31 | Report Abuse

that reason i advice to our investor to sell redtone around in 0.71...
i know redtone playing trend when they get wimax lic around 2007 from 0.90 went to 0.17
just wait until mid of tis year it will go to around 0.40....

Posted by invester > 2014-02-05 22:43 | Report Abuse

Not likely it will reaches 0.40. Again, the same reason, when Redtone financial report was in red, the price was around 0.40. With a stable income (at this moment partnership with Maxis), it will never reaches 0.40.

Posted by WiseEye > 2014-02-05 23:43 | Report Abuse

when it's in main market, it wont be sleeping anymore

Posted by pslkft > 2014-02-06 14:55 | Report Abuse

since the last 2 years consecutive profit, this year can easily achieve the accumulated profit required by main market requirement for FYE 31/5/2014...

Posted by air01557 > 2014-02-06 15:30 | Report Abuse

this is a dead stock

Posted by kenlfo > 2014-02-06 16:03 | Report Abuse

Then you should not keep on posting and monitoring this stock.

Posted by JimYeoh > 2014-02-06 20:14 | Report Abuse

Shares Buy Back again by the company

Posted by micky92 > 2014-02-09 07:28 | Report Abuse

Well supported at this price....downtrend stock for last few mths despite handsome profits.shares buy back by the company indicate they might want to push the price higher.

Posted by WiseEye > 2014-02-10 00:19 | Report Abuse

This counter is another one of those "sleeping" counters with good fundamentals, waiting for a burst catalyst, like Minetech, Iris, etc. Best to hold counters like this when its still cheap, as there are many catalysts in the making. For instance, it just acquired a Chinese telecommunications company. We shall wait and see what are the developments from there. Seems positive if the Company keeps buying its own shares, including its MD and CEO.

Posted by AhSook AhKou > 2014-02-10 07:41 | Report Abuse

China Govt is reviewing 4G charges and this could create "negative" impact to the market and would it prejudice Redtone's opportunity ???

Posted by alex_theking > 2014-02-10 10:16 | Report Abuse

i think their q3 report is comong soon...

Posted by pslkft > 2014-02-10 14:20 | Report Abuse

q2 just announced on 27/1/2014, q3 will be end of april.

Posted by WiseEye > 2014-02-10 14:27 | Report Abuse

Redtone's foray into the Chinese market is basically to tap into the voice business. I'm sure Redtone's management have done sufficient due dilegence before hopping into it. China is a huge market (due to large population) waiting to be tapped further and I'm pretty sure it will greatly benefit Redtone. There are so many provinces in China that have low network connectivity and I have a feeling Redtone is looking into these areas.

Posted by alex_theking > 2014-02-11 09:15 | Report Abuse

hi pslkf,

very good time to buy back their share before april...
now already mid feb still have 1.5 month....

Posted by Bigboy > 2014-02-11 17:02 | Report Abuse

very good time to sell not to buy before mid year ,,right now they don't any project in their hand...hahaha

Posted by gohcheehoh > 2014-02-12 01:00 | Report Abuse

Proven 8 quarter top and bottom line you grow. Good price point to accumulate and will exceed 0.8 in 2014 unless china venture mass up.

Posted by greenday > 2014-02-12 01:14 | Report Abuse

WiseEye, can buy for short term?

Posted by Steven Yong > 2014-02-12 07:51 | Report Abuse

the management is leading the company in right path.

Posted by pslkft > 2014-02-12 13:11 | Report Abuse

Buy back getting less and less, run out bullet probably. It is not cash rich.

Posted by WiseEye > 2014-02-12 19:48 | Report Abuse

greenday, i would recommend to collect while the share price is low. I can't really tell when this counter will surge, as I can't predict the future. It can happen anytime, so my principle is to always buy when there is no news and the counter is at deep discount. Or even better, when there is news but the counter is still trading at discount, like now. From my investment experience, patience always pays off, provided u invested in fundamentally strong companies at discounted prices.

Posted by Investeye > 2014-02-13 14:50 | Report Abuse

With the great reward (1,000pcs of gold bars) for the company's agents who hit the group's target (M2M business). Hope Redtone can do for their shareholders in coming Q.

Posted by WiseEye > 2014-02-13 17:52 | Report Abuse

I;ve always had faith in this counter. I like simple and clean business with steady growth, and this is one of them. Prolly soon, they might even give good dividends since they are quite cash rich now.

Posted by pslkft > 2014-02-14 22:24 | Report Abuse

Volumn up price up always last minutes before closing, somebody is pushing up the price

Posted by speakup > 2014-02-14 23:03 | Report Abuse

company kaya tapi kedekut.

Posted by Steven Yong > 2014-02-15 00:12 | Report Abuse

hold for longterm, venture into China is very lucrative!

Posted by Abudance > 2014-02-15 09:06 | Report Abuse

Seems lucrative but china market many are caught by smart chinaman! Even sign mou can tendang balik

Posted by ch741001 > 2014-02-15 16:02 | Report Abuse

Engine oledy start n volume increase monday will start fly.