For FPE2019, the Group recorded a gross profit of RM85.2 million or a gross profit margin of 40% as compared to RM52.5 million or a gross profit margin of 44% in the preceding financial year. The growth in gross profit was mainly driven by its MTNS projects.
JPMorgan Asset Management is betting that some Asian technology shares could double in value in three to five years as the global pandemic makes working and playing online a force of habit.
Green Packet closing price 1.21 yesterday.
What JPMorgan said is right. Hope Redtone will be moving up soon.
(GPacket) surged to a 10-year high on strong buying interest following its latest newsflow. The counter, one of the top gainers on Bursa Malaysia, added 24 sen, or 24.74% to RM1.21, its highest since January 2010. GPacket-WB rose seven sen to 53 sen with 133.26 million shares traded.
The technology and telecommunications company has recently launched its KipleLive proptech application as part of its ‘We Are Ready’ campaign, which aims to get Malaysian businesses to embrace new norms to cope with the Covid-19 pandemic.
KipleLive’s FR thermal scanners scans and records temperatures of individuals at a fast and accurate rate, including identifying potentially infected persons.
REDtone International Bhd is a digital infrastructure and services provider that offers services under three categories that are Telecommunications Services which offers data and voice services to government, enterprises, and small and medium enterprises (SMEs), Managed Telecommunications Network Services (MTNS) which includes building, maintaining and operating large scale WiFi hotspots, radio access network (RAN) infrastructure and fibre optic infrastructure, and Industry Digital Services (IDS) which includes data centre services, internet of things (IoT) services, cloud services and applications, and healthcare solutions to enterprises, government and the healthcare industry. The company’s Telecom services generate maximum revenue for the company.
REDmex will receive more cintract soon. REDmex will contribute to earning. There are lots of buisness for REDTONE. G.Packet money will pour in REDTONE soon.
Redtone IDS could help our local companies to market their product especially during Covid 19 situation. This is because more people will use internet for buying products online.
REDtone chief executive officer (CEO) Lau Bik Soon believes the group’s new virtual reality (VR) service, dubbed Flexicraft, is set to boost sales in the IDS segment.
“IDS is something new that we are building,” Lau told The Edge Financial Daily in a recent interview. “I believe with the launching of new services like Flexicraft, FY20 would be interesting for IDS. I do expect that we should be able to turn around for IDS and do better in FY20.”
“We are positive of our top line growth in FY20. We believe Flexicraft would grow at a 40% compound annual growth rate over the next five years. Because the market is still young, we are very positive for the IDS segment, particularly Flexicraft,” he added.
Lau said REDtone’s VR solution is capable of creating three-dimensional interactive virtual space for the group’s customers to interact with end users.
He said REDtone already has two clients — Royal Selangor International Sdn Bhd and Paramount Corp Bhd — using the new technology to market their products on their websites.
The Malaysia Government has just announced that the Enhanced Movement Control Order will be implemented until 9th June 2020, throughout the country. This control order is made under the Prevention and Control of Infectious Diseases Act 1988 and the Police Act 1967.
Nevertheless, Telecommunications is defined as one of the essential services. Hence, we at REDtone will continue to operate and provide full support to all our customers throughout this period via multiple digital platforms, including:
If anyone want to know more about IDS Redtone provided for customer could go to the Redtone website to watch the Royal Selangor display their Virtual Reality stores. It is very impressive. I am sure Redtone will have big business due the Covid 19 where more and more people go online.
Telecommunication segment is steady recurring income whereas mtns & ids r project based. So mtns & ids contributions won't b consistent. Moving forward nfcp will boost mtns segment n industry digitisation will replenish ids book order. Thats how we invest. We look forward. Not the rear view mirror!
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3388 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Mikecyc
45,527 posts
Posted by Mikecyc > 2020-05-16 12:00 |
Post removed.Why?