for good counter like this and a host of many others, the biggest price threat is not from the counter itself or KLCI, but the broader markets, especially U.S as you know... so, do keep an eye on that :)
of cos, if u have been following REDtone since last year Nov, there is virtually nothing to worry about.
Anyway, technically it has achieve the 3 White Soldiers Candlestick. Meaning bullish trend for a certain amount of time, shall be very positive outlook!
Iam having an enjoyable weekend already starting today. Next week should be more enjoyable with REDTONE going up somemore to RM1.20. Hahahah..:-)Have a great weekend guys.
Look at stemlfe. Also VTan. To rent so high till 77 sen and then drop and never recover. They went into debt. Now it's out of debt ... He is buying, buying, buying till he now 12% shareholder! Now hear that hear news that he want to take it private! So director sell and VT buy ... Who knows will have new director soon?
VT said he "retired" passing business to heir apparent. He doesn't need to be a Director. Shrewd biz man. Look at DKSH. Ran up 40 plus sens one day and next day also 40 sens. Look who is buying? LTAT buy and sell since feb and till now. So.... Who you think also get caught? Do your homework. Take advantage of the run ... But don't put all apples in one basket. Otherwise ... Apple get baked!
On track to achieve a record-high profit. Management indicates that the group is finally set to receive its first resource sharing fee from Maxis in May after months of delay in getting the authority’s approval due to technical issues. Although the exact quantum was not disclosed, we estimate that Maxis could potentially pay up to RM25m based on our channel checks with the other industry players. The one-off fee is expected to boost the group’s FY13 earnings significantly and meet our net profit estimate of RM23.6m (~10 fold YoY). To recap, REDtone had in July 2012 entered into an infrastructure and spectrum sharing agreement (NSA agreement) with Maxis to fast track both the companies’ 4G LTE services rollout.
I believe the target price will more than RM 1.00 in next six month with the 1.forecast of Kenanga profit earning 2. "REDtone International Bhd is working with Huawei, Media Broadcast GmbH and PwC for the digital terrestrial TV broadcast (DTTB) bid" 3.Sultan support.
KYTan,u forgot Vincent Tan is also supporting this counter and not missing out the ardent supporters like Gimmy n Jimmy and of course all the thread followers.
this counter is overbought quite some time but prices still strong moving up from this point show that some positive good news is looking forward soon..!
Dato’ Wei Chuan Beng 31/05/2013 Average disposal price per LA (RM)0.427 tommoro LA will active trading sure coz fri close @ 0.28 is below the disposal prices the room of LA still a lot to shoot up..!
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....
Alex Leow Sze Shen
5,009 posts
Posted by Alex Leow Sze Shen > 2013-05-31 17:50 | Report Abuse
iafx, thanks for the information. Very useful indeed :)