Posted by yanxuan8 > 2014-08-01 18:28 | Report Abuse

With the sales of a subsidiary in China for RMB28.00m, the gain from this disposal is substantial, and it will be reflected in 1Q of FY15, together with gain which has been deferred to 1Q FY15 (as mentioned in press release yesterday), we can expect a big jump in profits then.

Posted by yanxuan8 > 2014-08-01 18:28 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1699777

Posted by yanxuan8 > 2014-08-01 18:30 | Report Abuse

Compare to previous disposal of subsidiaries by REDTone, this time the gain is very significant,

Posted by Steven Yong > 2014-08-01 18:56 | Report Abuse

Redtone can buy on weakness, wait next yr move main board.

Posted by yanxuan8 > 2014-08-01 19:14 | Report Abuse

http://www.theedgemalaysia.com/business-news/300923-highlight-redtone-international-sells-china-unit-for-rmb-28-million.html

Posted by speakup > 2014-08-01 22:55 | Report Abuse

next monday redtone will limit up!

Posted by alex_theking > 2014-08-02 08:57 | Report Abuse

hi speakup...

what happen to 2 sen dividend hahaha...

Posted by alex_theking > 2014-08-02 09:03 | Report Abuse

last time redtone sell redtone mobile... now they sell redtone china
if they sell all sub company from where they can get profit or revenue ...
pls think about that first ..

Posted by alex_theking > 2014-08-02 09:11 | Report Abuse

yesterday morning in the star redtone group ceo Lau Bik Soon said that China voice business segment would continue to be the group’s cash cow...

http://www.thestar.com.my/Business/Business-News/2014/08/01/REDtone-net-profit-falls-Data-and-broadband-services-are-main-contributors-to-the-groups-profit/


yesterday evening in theedge and the star redtone MD dato wei said the want sell redtone china...
http://www.thestar.com.my/Business/Business-News/2014/08/02/REDtone-divesting-indirect-China-unit-for-RM14mil/

http://www.theedgemalaysia.com/business-news/300923-highlight-redtone-international-sells-china-unit-for-rmb-28-million.html

they making fun ...

Posted by workworkwork > 2014-08-02 09:25 | Report Abuse

Haha.... I noticed the same thing. Opppsssss.... They just slaughter the Cash Cow.... Hari Raya Korban....

Posted by Steven Yong > 2014-08-02 10:45 | Report Abuse

They sell for others ventures need in china lah. U think they sell for fun meh. Must be someth8ng bigger and more profitable lah. Read the newscproperly loh.

Posted by albukhary > 2014-08-02 10:55 | Report Abuse

Anyone can calculate how much gain REdtone will get from the disposal of RMB28mil?

Posted by yanxuan8 > 2014-08-02 13:29 | Report Abuse

alex_theking: what they are selling is the third party payment license, not the telco business! Read carefully, what having fun?

Posted by yanxuan8 > 2014-08-02 13:32 | Report Abuse

Yes, perhaps they are having fun now.... why? Because they managed to sell just a license which is worth RMB28mil. Not sure how more license they have there.... also may be one day someone will offer the whole telco business in Shanghai with hundreds of millions RMB, who knows, since it is a cash cow. Cheers.

Posted by Steven Yong > 2014-08-02 18:08 | Report Abuse

Smart mgmt, after bad results issue good news.

Posted by sheep > 2014-08-02 21:01 | Report Abuse

70sen nice price to enter....not now...after quarterly result..zzzzzzzzzzzz

Posted by Lereve > 2014-08-03 09:25 | Report Abuse

Lao sai

Posted by alex_theking > 2014-08-05 00:07 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/08/04/Puncak-Niaga-rated-hold/

REDTONE INTERNATIONAL BHD

By Kenanga Research

Market perform

Target price: 77 sen

REDtone International’s profit after tax and minority interests (Patami) of RM22.6mil for the financial year 2014 (FY14) (-10% year-on-year (y-o-y)) came in below expectations.

Kenanga Research said the key culprits were higher-than-expected general & administrative expenses and minority interests.

“Despite recording a lower Patami on a y-o-y basis, its results should be deemed as healthy in view of the absence of a one-off upfront payment from Maxis, which led REDtone to record a 10-fold jump in earnings in FY13,” noted Kenanga Research.

FY14 revenue improved by 2% mainly propelled by the strong contribution from its data segment (+14% to RM86.6mil), which was driven by various government projects.

Turnover went down to RM37.3mil (-9%) in fourth-quarter 2014 because of lower data segment revenue as a result of delays in billing of its Time 3 project.

Profit before tax, on the other hand, soared by 59% to RM9.9mil led by additional high-margin projects recognition.

The company has recorded a third consecutive year of profitability, making it eligible to seek a transfer to the Main Board in coming months.

Kenanga recommended investors to continue holding the shares pending the next key catalysts, which could materialise within the next few weeks.

The research house lowered the target price to RM0.77 (from RM0.81 previously) based on unchanged FY15 targeted price-earnings ratio of 14.5x.

Posted by alex_theking > 2014-08-05 00:10 | Report Abuse

now their target 0.77(from RM0.81 previously)...
look like it will go below 0.70 and later have good news or go main board,,it will go 0.77 hahaha...

Posted by alex_theking > 2014-08-05 00:15 | Report Abuse

last 1 week i said kenanga tp is 0.81 ...u all said tp 1.00 and have 2 sen dividend ...

Posted by yanxuan8 > 2014-08-05 18:29 | Report Abuse

LA no volume, WA better, also in discount. The company MD knows it, that's why he bought 936000 today.

Posted by yanxuan8 > 2014-08-05 18:48 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1702517

Posted by Romjam > 2014-08-05 22:09 | Report Abuse

Buy LA at what price?

Posted by sid_slash > 2014-08-06 16:10 | Report Abuse

Looks like tis counter heading down south again

Posted by nerdyfred > 2014-08-06 20:38 | Report Abuse

No dividend this yr??

Posted by yanxuan8 > 2014-08-06 22:04 | Report Abuse

No dividend for LA la friend! Only interest for LA.

Posted by yanxuan8 > 2014-08-06 22:07 | Report Abuse

Looks like a lot of people waiting to buy at cheap price, that's why everyday there are 'experts' commenting here that this counter is heading south! But the price still stay at new level of 77.0 sen, waiting for 70 sen? Man Man Tan ....wait till you get older then..... hahahaa...

Posted by kenlfo > 2014-08-07 09:34 | Report Abuse

ya...LA is giving 2.75% annual interest, not dividend

Posted by daniel168 > 2014-08-07 23:22 | Report Abuse

2.75% of RM0.10/LA not 2.75% on current price.

Posted by imoogi99 > 2014-08-08 08:41 | Report Abuse

Time for VT to let someone else take over this too.

Posted by diver > 2014-08-08 11:40 | Report Abuse

now good price to buy. merdeka rally coming.

Posted by daz3no > 2014-08-08 15:59 | Report Abuse

8814........

Posted by sid_slash > 2014-08-08 17:13 | Report Abuse

Wow tis counter survived the bloodbath today...

Posted by speakup > 2014-08-08 23:21 | Report Abuse

very bullish sign. something brewing?

Posted by keshminder > 2014-08-12 16:44 | Report Abuse

any idea when the mcmc contracts will be announced?

Posted by speakup > 2014-08-16 23:35 | Report Abuse

sapu redtone kau kau when open next monday

Posted by daz3no > 2014-08-18 16:41 | Report Abuse

REDtone: Targets 30% growth in revenue for FY15. REDtone International, which aims to transfer listing to the Main Market of Bursa Malaysia in the 1Q of 2015, targets to achieve 30% growth in revenue in the current financial year ending May 31, 2015, said its founder and MD Datuk Wei Chuan Beng. He said its four growth pillars - telecommunications, managed telco network, managed value-added and mobile services will be driving the growth in topline numbers. "We have been taking a capex light approach, running the business on a recurring revenue model and leveraging on our core competencies. We will continue to be guided by these practices as we move into a new phase of growth," he said. (SunBiz)

Posted by daz3no > 2014-08-20 01:33 | Report Abuse

On its planned listing transfer from the ACE Market to the Main Market, Wei said the move will help the telecommunication provider to strengthen its position to take on bigger projects.

"We are now in the position to undertake bigger projects. Some of these projects would require a very substantial amount of funding. We also believe it will strengthen our position to undertake bigger projects," he said.

Currently, Wei said the company is tendering for projects worth RM1.5 billion locally.

He said the company, which has been listed on the ACE Market for nearly 10 years, sees the listing transfer as an important phase for the company to strive for better growth.

"A lot of investors look for Main Market companies to invest. It is high time for us to have a larger pool of shareholders," he said, adding that the company is currently having meetings with its adviser to firm up the schedule for the planned listing transfer.

Wei said the company is expected to submit its proposal to the Securities Commission sometime in October or November for approval. It hopes that the transfer of listing will materialise in the first quarter of 2015.

- See more at: http://www.thesundaily.my/news/1142746#sthash.qMhUy0dt.dpuf

Posted by yanxuan8 > 2014-08-20 12:15 | Report Abuse

Still waiting????? Hahaha....

Posted by setia2u > 2014-08-22 09:34 | Report Abuse

Is the TONE calling? Finally it calls???

Posted by windrunner > 2014-08-22 13:09 | Report Abuse

just 10 cents.. not yet...

Posted by speakup > 2014-08-25 09:43 | Report Abuse

redtone lai liao! something brewing?

Posted by johnny cash > 2014-08-25 13:31 | Report Abuse

REDtone International
(RIB MK)
Technical BUY with +10.0% potential return
Last price : RM0.780
Target Price : RM0.825, RM0.860
Support : RM0.760
Stop-loss: RM0.750
BUY with a target price of RM0.860 with stop
loss below RM0.750. Following the earlier
pullback from the recent high of RM0.825,
RIB’s share price had consolidated at the
immediate support of RM0.760 for the past 3
weeks before last Friday’s gap signalled the
end of the recent consolidation. Yet RIB fell
short of establishing a stronger reaction given
a lack of interest. Nevertheless, we remain
optimistic amid growing momentum and
indication of a stronger upmove ahead based
on positive readings in both RSI and Aroon
indicators. As such, a positive closing above
RM0.780 is needed in order to ensure an
upward continuation. As such, we peg our
potential target at the all-time high of RM0.860
over the short term.
Expected Timeframe: 1 week to 1 month

Posted by ryan_och > 2014-08-29 09:59 | Report Abuse

vincent tan keep buying, something is brewing

Posted by Sunny Tan > 2014-08-29 21:56 | Report Abuse

BB10 has showing sign of uptrend..

Posted by Sunny Tan > 2014-08-29 21:57 | Report Abuse

If it breaks 0.79..it will fly high to 0.820/0.825 and then 0.88...

Posted by layyf > 2014-09-05 12:13 | Report Abuse

still no movement...

Posted by Cheng Yeow Ng > 2014-09-06 10:09 | Report Abuse

Big Plans for Redtone
https://www.facebook.com/HollandStock

Posted by pschee > 2014-09-06 10:30 | Report Abuse

Redtone is coming, buy before too late.
http://www.thestar.com.my/Business/Business-News/2014/09/06/Big-plans-for-REDtone-Telco-to-roll-out-4G-mobile-migrate-to-Main-Market-and-offer-new-services

Posted by khchong78 > 2014-09-06 12:40 | Report Abuse

Big plans for REDtone

by leong hung yee

IT has been a very busy year for REDtone International Bhd and will continue that way for the current financial year ending May 31, 2015 (FY15) with big plans in place for the group.

The telecommunication services provider has laid out plans to roll out its 4G mobile services, migrate to the Main Market as well as expand its managed value-added services to include teleradiology services.

Managing director Datuk Wei Chuan Beng says REDtone had three consecutive years of profitability from FY12-FY14 and for FY15 and beyond, the group is optimistic of a stronger performance.

“Our shareholders can expect a dividend which we will announce at the upcoming AGM this November. In FY13, REDtone distributed 1.5 sen dividend.

Ernst & Young Malaysia partner of financial services Chan Hooi Lam
Wei: ‘We’re hoping to launch our 4G mobile services in the first quarter of 2015.’


“In fact, FY15 has kicked-off on a high note when we divested our indirect unit in China. This will contribute positively to first-quarter FY15 earnings and at the same time, generate cash for us to expand our business in China,” Wei tells StarBizWeek.

Additionally, in FY15 REDtone will also be billing some projects that were supposed to be completed in FY14 but were delayed.

Wei says there are other catalysts that are expected to fuel REDtone’s growth, including the expansion of its managed value-added services to include teleradiology services which REDtone have just started offering. This involves offering radiographic images interpretation services to both local and regional hospitals.

“We believe there’s tremendous growth potential in this area as currently there’s a shortage of radiologists in Malaysia and regionally,” he says.