Redtone should rise after closing its highest in more than a week. A purchase can be made if the stock closes above MYR0.725, with a close below MYR0.675 as a stop-loss. The price target is MYR0.815, if the resistance lying at MYR0.775 is broken. Failure to get above MYR0.725 will likely see the stock trade sideways, while the downside risk will increase if the stop-loss is triggered.
gimmy2u: yes, if they won, of course the source of income are geeting more and they r getting fatter too...DTTB involves a huge investment and huge profit too. But if they did not get it, then it does not impact much on their quarter profit, but of course it's a BONUS than before if they got the DTTB bid.
Iskandar project, yes, is very good to impose or introduce their services there as it will give REDTone a significant boost on their earnings. No doubt, Iskandar is a big project and many stocks have risen to an acceptable price (high price). REDTone have bright future, considering Johor Sultan is there...easy to get projects from there as well :)
All Sultan have to do is to ask all johoreans or new projects to use redtone. That's enormous new biz without having to switch from TM, etc! Printing money very fast as sultan can juz give a directive .....:)
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....
jasonlim84
725 posts
Posted by jasonlim84 > 2013-06-19 09:29 | Report Abuse
quite high volume for mother share