Green Packet is playing patience game. Waiting for contra player to sell.......Will go up again after all contra play die. Going to test 60 sen again next week.
When you spread the Rm 300mio over 2 years it is Rm 150mio sales per year and that is around 50% of GP's yearly sales. Very substantial. The profit margin of the deal is unknown but lets assume 10% only and this results already in Rm 15mio profit.
GPACKET (0082) - Green Packet the next DATAPREP! (Gpacket) Green packet is the best IT stock in bursa! Compared to the other IT stocks which is flying to the sky, Green has no debt at all but al..
For FY18, yes, definitely we will turn around. With this contract, we should easily double our last year’s revenue. Because of the size itself, even if it is [a] single-digit margin, it is already quite substantial,” Tan said, but declined to reveal the margin under the contract.
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Beware of this message, MYTV contract is RM272mil for 2 years. Let's say average one year is RM136mil and multiple with 5% PAT margin, profit from MYTV per year is RM6.8mil, or equal to 0.23 EPS per quarter.
Selling set up box is one off business and profit is low, so it is not exciting. But beyond that, Green Packet can leverage on this platform to lauuch their TV channels and get recurring incomes from advertisements, home shopping and may be e-wallet, this is exciting...
As I said I think we r too optimistic, may be the big players already got their big ang pow for their CNY, we r still hoping and waiting.... poor small investors..
Hot Stock Of The Day 12-Feb-18 #HSOTD GPACKET .. . . . GPACKET, THIRD top volume of the day . . . lets see what we can read from the chart! . . click for image:
. it has been rally from 0.25 (2017 Low ) to 0.59(2018 high)... .. . Long Term view: Bullish ... Mid Term View : slightly bearish . Short Term View: Bearish . . . Resistance to watch 0.53,0.57,0.60 , 0.64 . Support to watch 0.45, 0.41, 0.39 . . indicator Moving Average : mixed to bullish MACD : Bearish . . . 0.41-0.45 is a good demand zone.. Overall Trend are slightly bearish ..... with today's volume, the selling pressure are slightly higher.... expect it will test support before trend higher.. traders may consider to accumulate at 0.41 - 0.45 zone... SL if price failed to stay above 0.39 . .. . . .. . .
. . . We are Slightly bearish on this counter..as today's price action are quite bearish....... need some bullish momentum to shows the reversal.. . . . . . . . . . . Disclaimer :
Please be informed that our stocks pick are solely for education purpose ; it is neither a trading advice nor an invitation to trade.
For trading advice, please speak to your remisier or dealer representative.
you are responsible for your own risk management Do Your Own Due Diligence . . May the trend be with you! . . Trade Safe!
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....
SHQuah
5,363 posts
Posted by SHQuah > 2018-01-23 10:57 | Report Abuse
Green Packet is playing patience game.
Waiting for contra player to sell.......Will go up again after all contra play die.
Going to test 60 sen again next week.