Just look at the president's background. He was the CEO of National ICT of Msia, board member of MSC, chapter member of TIE, etc etc according to theedge article.
He might bring in many contracts and projects for the company, through his connections.
I sold at 0.72 today with 10% profit. Will come back again when it drops back to 0.67-0.68. By looking at the world market status, I think the market will have some correction in Apr or May 2014.
With the current broadband coverage in Malaysia, Redtone had long way to keep growing... I hold this stock since early last yrs and profit abt 100% but still holding Booz Redtone biz model will drive this stock rm 1 in this year. If coming result Gd then rm 1 can reach earlier.
Redtone already change biz model quite sometime n this is d reason they can turn ard so... Fast become so... profitable unlike green packet. They are like builder But with limited competition.
I've been holding this company for a few months and having full confidence in the management of this company and the bright prospect this company has.
The catalysts will be as follows: 1) Acquisition of Shanghai VoIP company with potential synergies 2) Main board listing 3) Telco project awards based on Budget 2014 4) Maxis 4G LTE aggressive rollouts
Malaysian broadband services provider Redtone International said net profit soared 52 percent year-on-year to MYR 6.04 million in its second quarter to 30 November, boosted by higher data revenue and the sale of its 35 percent stake in Redtone Mobile. The provider reported revenues up 14.1 percent to MYR 30.45 million, with earnings per share at 1.20 sen from 0.84. The company said data and broadband services, which includes the group's Wi-Fi hotspots, are expected to be the main contributor again to full year 2014, while the voice business segment will continue to be the group's "cash cow." Profit this year will also get a push from Redtone's network sharing and alliance agreement with Maxis Broadband. This is expected to contribute positively to the group's earnings for the next ten years.
KUALA LUMPUR: REDTone International Bhd’s second quarter ended May, 2014’s net profit rose 52% to RM6.04mil from RM3.97mil a year ago from higher data revenue and gains from selling 35% in REDTone Mobile Sdn Bhd.
In a filing to Bursa Malaysia on Monday, the group posted a 14.1% rise in revenue to RM30.45mil from RM26.68mil a year ago due to the increase in data revenue.
Its earnings per share stood at 1.20 sen from 0.84 sen previously.
For its first half year, the group’s net profit rose 62% to RM9.69mil from RM5.98mil a year ago while revenue was up 16% to RM66.564 from RM57.35 previously.
Moving forward, the group expects its data and broadband services to be the major contributor to its profit for 2014, while the voice business segment will continue to be the group’s cash cow.
The group's profit will be strengthened by collaboration with Maxis Broadband Sdn Bhd on its Network Sharing and Alliance Agreement and is expected to contribute positively to the group's earnings for the next 10 years.
“Its collaboration with Telekom Malaysia on its High-Speed Broadband services is also expected to yield positive results,” it said.
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....
007james
245 posts
Posted by 007james > 2014-03-21 11:49 | Report Abuse
hopefully it true...for what i heard.