Give it some time. Read through their last quarter report.
In 2Q21, the Group’s revenue increased by RM0.77 million or 6.29% as compared to the preceding year corresponding quarter. The increase in revenue was mainly attributed to higher revenue on civil infrastructure and fibre optic cabling work..
And 5g implementation in Malaysia is another dimension where the government will own the spectrum and infrastructure. And you may also refer to their statement :
“By removing the need for existing telecommunications companies to invest in 5G networks, their efforts and resources can continue to be focused on improving and expanding 4G services and fibre networks under JENDELA, so crucial for the success of 5G deployment. This at the same time will ensure that the digital gap can be minimised,”
I am buying into binacom and redtone as fiber optic network is their expertise.
Support already breached. But continue to have faith in this company. Company is still in expansion mode, new office building, new satellite gateway, fiberination initiative from government, and company also recording profit every quarter even during the pandemic time last year.
Saifuddin said the implementation of 5G had been brought forward a year to the fourth quarter of 2021, due to its importance in providing faster communications services.
"JENDELA carries the aspiration of increasing coverage and strengthening the country's sustainable and inclusive connectivity infrastructure," he said, adding that details on the latest developments of the plan would be announced by the Malaysian Communications and Multimedia Commission (MCMC) in a virtual briefing tomorrow (April 7).
Saifuddin said as a proactive measure to ensure the country's internet connectivity agenda was further strengthened, RM3.2 billion of the RM12 billion allocation under the Malaysia Digital Economy Blueprint (MyDIGITAL) would be invested this year through JENDELA in non-commercial areas to strengthen existing connectivity.
Support is not at 0.405 look at the EMA's.. They at 0.390 @EMA50. This is a FA counter with incoming 5G catalyst not some sort of penny stocks for goreng. Use brain to think wisely dont simply say goreng or fake stock
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....
Posted by alvin0001 > 2021-03-10 14:31 | Report Abuse
Hey im new, just read all the articles about 5G and NFCP project. It seems like it will benefits Binasat alot so should i enter it now at 0.435.