DGB Asia Bhd said its joint venture with Ministry of Finance (MoF)-controlled Rofarez Solutions Sdn Bhd is related to an investment on developing goods and services tax (GST) software, which is expected to bring additional multi-million ringgit profits to the group.
Systech did not disappoint as anticipated. It has broken its previous resistance of 0.19 on March 21, 2016. The momentum looks strong to break the 0.21 mark today or tomorrow. (Note: This is not a buy call, just to share a personal finding with likeminded investors)
Not sure, but if it has made good progress during the worst of times (80% profit quarter), I think this counter is well run. From the recent rise, it has not even reached its bull-run volume if you care to check back the last two years when it touched 0.40 before the oil price crashed.
This 10-year tax exemtion is timely, in bad times. but with focus on cybersecurity, it should be in the spotlight. all it needs to do is a JV with a foreign partner. who knows, it might be on the radar of bigger companies seeking a foothold in the lucrative business soon.
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bowman
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Posted by bowman > 2016-05-24 16:00 | Report Abuse
Now it's coming!