As the company's performance has dipped, many may not be aware and are blindly chasing. The price should dipped to reflect a healthier PE which is high currently compare to counter like Krono. It is risky to chase and buy at this price.
Relax.. examine what contributes to the profit being less. If it's start-up expenses for the JV, then it is okay. No need to panic. If it's cost for ESOS that contributes to less profit, then it is also Okay. No need to panic also. Fundamentals remain the same but by next quarter, the earnings in SGD (which is already 3.10plus will be a boost to next quarter results which will be in 90 days. In times like this, invest with rationality. Then you wont bite your nails when prices go up and you lose out.
Looking at the RSI of about 50plus %, there is much room for clearance to break the near term TPs of 0.47 and above. Systech continues to amaze with strong buying interest.
The core reason behind a stock gets attention of its audience is because of it's company's fundamental. Systech is expecting to generate a 50% revenue from cybersecurity business alone in FY2018. This segment from loss until break even last year until start to contribute profit for now. New acquisition also will generate substantial amount of profit , and E-business is still expanding. There's always a reason why market is willing to give a stock such high P/E. Technical analysis is looking good as well, good luck.
Spot on observations above. Not surprised it's ready to bounce to main board by next year, taking advantage of its cooperation with its Singapore partner where the application of its products is limitless for the financial hub that the nation state is.
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Warga Smka
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Posted by Warga Smka > 2017-08-18 10:05 | Report Abuse
Nocindycat....:D