Good closed...profit taking absorbed...volume almost matched friday's transaction..overbought cleared..upside bias...uptrend mode still intact..new base builded..potentially 0.30 this week might be happening.
Systech Limited (SYSTECH, 0050, record to board) to look at the fiscal year ending in 2015 and 16 years ended March 31 reached double-digit revenue and earnings growth, mainly thanks to new revenue streams and expand existing There are e-commerce solutions business has done.
Systech Private Limited Company, through its subsidiaries Syscatech, multi-level marketing company engaged in the design, development, customization and fulfillment software solutions primarily for intellectual property. It also operates and management needs of proprietary software via Mobysys Sdn Bhd retail and franchise development.
Its chief executive officer and the single largest shareholder Chen Lei door (transliteration), said the group plans to build a third source of income to invest in providing new security solutions and intelligent large-scale data analysis to avoid hackers.
Chen through Leinet Technology Co., controlled 56.94% stake in Systech Corporation.
He said: "The reason we enter new areas are based on our experience in multi-level marketing, important data such as dividend calculations are unable to solve."
Systech company under its terminal program, multi-level marketing to promote their existing customers using its new network security support.
It also plans to look to local small and medium enterprises, as well as multinational companies to provide these new programs.
"We want to start this new department within the next three months. Currently, we are in the preliminary stage, to explore marketing, price and build a team."
Syscatech and Mobysys now contribute 56%, respectively, and 35% of Group revenue. Chen hopes that the new department will bring in a third of the 2016 fiscal year revenue contribution.
"Since our acquisition Viztel inverted Solutions Limited is listed on the 2011 years, we have been actively diversified products in the field of information technology."
At the same time, Chen is expected that the Group's fiscal year 2016 earnings will reach 10 million ringgit mark.
1. Systech is an e-business solutions provider that designs, develops, customizes &
implements proprietary software solutions to mostly multilevel marketing (MLM) companies.
2. For FY15, revenue and profit are expected to grow significantly,
from FY14 of RM6.77 million and RM1.78 million respectively, said Systech’s CEO Raymond Tan.
3. Planned to venture into providing new security solutions and intelligence big data analytics to prevent computer hacking.
4. Aims to move to the Main Market of Bursa Malaysia in five years' time. Plans to invest further to expand its business in China and the US.
5. In Southeast Asia SYSTECH have a very big foothold.
In Thailand, Singapore, Indonesia, the Philippines, Malaysia, Hong Kong and Korea. Pretty strong in Southeast Asia and now we have China and the US," said Hock Soon.
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Posted by maunkulopdollah > 2014-11-10 17:07 | Report Abuse
Good closed...profit taking absorbed...volume almost matched friday's transaction..overbought cleared..upside bias...uptrend mode still intact..new base builded..potentially 0.30 this week might be happening.