Share buy back of 1000 unit only, guys! And it makes you guys think of all sort of things... drop again on Monday like previously.... support the price with 1000 units ... hahaha.
Ready for my next round in Redtone! After monitor Redtone for some time, I think Redtone is suitable for me to invest for short term. I always believe what ever goes up will come down a day. So, buy during down time and sell during high time. A short term investor might gain more than a long term investor in this counter over the same period of time. :)
By my standards, redtone is utilizing its assets well, thus there is no way iming to sell the company. The results once again is improving Q-o-q and earnings are consistent. Many new projects and businesses are still at infancy stage, hence there are lots of potential for the company in 2 to 3 years to come. While its valuation is still cheap, it makes perfect sense to buy now and hold.
Closed tender for DTTB jobs in June Posted on 26 May 2014 - 05:40am Eva Yeong sunbiz@thesundaily.com Print PETALING JAYA: MYTV Broadcasting Sdn Bhd, a member of Altel Holdings Sdn Bhd, will call for internal bidding next month for infrastructure contracts in relation to the digital terrestrial TV broadcasting (DTTB) rollout.
A source close to the project told SunBiz that the infrastructure contracts include 16 packages spread under seven categories including warehousing, logistics and distribution network.
"It will be a closed tender. We will only invite companies that we've recognised as suitable for the tender. These are companies that offer products and services that suit our strategy. They include local and international companies," said the source.
The internal bidding will open sometime in June and will take two months before the winning bids are announced; one month for companies to submit proposals and another month for MYTV Broadcasting to review them.
"Various companies have showed us their products and services and we will invite those that we think are suitable for the project."
"For example, we are looking for a warehousing and logistics company to host our set-top box and a service provider for contribution and distribution network. Basically, what we don't produce but what is needed in the rolling out of DTTB."
The source said that MYTV Broadcasting has started work on the DTTB rollout since the finalisation of the DTTB award from the Malaysian Communications and Multimedia Commission (MCMC) was received on April 16, 2014.
The company is part of Puncak Semangat Sdn Bhd, which won the rights to build and manage the digital infrastructure for DTTB services in Malaysia. Puncak Semangat is a wholly-owned company of the Al-Bukhary Group of Companies.
Puncak Semangat submitted its proposal in June last year and beat two other bidders, i-Media Broadcasting Solutions Sdn Bhd and REDtone Network Sdn Bhd.
"DTTB is a platform to move from analogue to digital and MCMC's target is to be fully digital by 2016. We are on track to hit the target by mid-2016.
"We have started whatever we can do first. This internal bid is for parts that we do not possess or cannot implement on our own. We're doing the marketing and education bits, the strategy and even the infrastructure itself, by designing the specifications," the source said.
Spanish company Egatel SL is one of the international companies interested in participating in the closed tender. It said in a statement last Wednesday that it had offered its product range and vendor financing option via a letter of intent to Puncak Semangat.
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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....
setia2u
971 posts
Posted by setia2u > 2014-04-24 15:45 | Report Abuse
No worry on the short setback .... contra guys need to take profits....later on come back to purchase at higher price.... hahaha