remember the Postlink Pte Ltd.. the deal was to issue 30millions shares of systech and 1.5m cash..deal done ..i presumed and business should be good for long run... so just hold on qters afters qters of good results otherwise just dump it if two consecutive 1/4 of no growth in revenues ,profit.. etc good luck..
For Systech Bhd, which makes proprietary and franchise IT solutions for multilevel marketing companies, earnings growth is sustainable, as the company is banking on a new segment – cyber security.
Founder and CEO Raymond Tan believes that his company, which stock trades at over 50 times its current earnings, will continue to see a rise in profits, therefore justifying its high PE.
He says cyber security has become increasingly important not only for banks but also the corporate sector domestically and internationally.
“I don’t think we are expensive even though our PE is 50 times, because we will continue to deliver profits,” he says.
Systech, which has been in the business of IT solutions for more than a decade and has a 30% local market share plans to tap new and existing customers for its cyber security business.
The company, which will monitor the traffic on networks of firms which hire it and raise the red flag if it detects anything “suspicious”, is in a net cash position and has been paying dividends to its shareholders on a regular basis.
Systech took over the listing status of beleaguered Viztel Solutions Bhd in 2011 and has been more aggressive in sealing its position within the IT sector since then.
Based on close sources, Systech's directly owned subsidiary, SysArmy, could be close to clinching a government contract in the range of RM150mil over 5 years for production, installation, testing and training of its trademark cyber security monitoring, professional and technology services.
Though not verified, could be the reason for the price rally and support. If materialised, Systech's revenue and profit will more than triple.
Boys, the charts are showing some very good signs. Should be making its second bull-run very soon. Two weeks of bumming off 40sen, it's ready for takeoff. Just look at the candles forming.
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stncws
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Posted by stncws > 2017-09-03 23:12 | Report Abuse
http://www.enanyang.my/news/20170903/%e8%b4%ad8-77%e8%82%a1%e6%9d%83br-%e7%8b%ae%e5%9f%8e%e6%8a%95%e8%b5%84%e8%80%85%e6%99%8bsystech%e5%a4%a7%e8%82%a1%e4%b8%9c/