If you compare qoq, administrative expenses grew by RM 1 million instead of RM 2.5 million. What is Revenue expanding into when all three segments showed slow business in past quarter? Again, no transparency from the management.
The first quarter was affected by Wuhan where supply chain problem affected online deliveries. During the quarter, managrment indicated that refunds have increased. That explains the slowdown in ETP.
On behalf of the Board of Directors of REVENUE, M&A Securities Sdn Bhd is pleased to announce that the Company has fixed the issue price of the Special Issue Shares at RM1.21 per Special Issue Share to be issued pursuant to the Special Issue.
The aforementioned issue price of RM1.21 per Special Issue Share represents a discount of approximately RM0.0083 or 0.68% from the five (5)-day weighted average market price of REVENUE from 19 May 2020 to 27 May 2020 of approximately RM1.2183 per share.
Expected to be a worst QR, but doesn’t expected to be that worst. Tomorrow sure drop significantly and may continue for some days like what Krono is experiencing or even worst, because current PE is way to high... However, the business model is ok, I will still monitor this counter and waiting to enter with much lower price..
My advice is don’t simply be a “long term investor” for companies which have no signals to turn better in short time, cut loss and move your capital to a company with better prospects will always surprise you.
Those waiting for discount now is a good time to pick up. Post covid more people will look to implement contactless payment. For those thinking Q2 gonna be even worse, if Malaysian market is efficient it's priced in already.
was mainly due to the increase in the administrative expenses such as connectivity expenses (e.g. SIM cards, lease line) by approximately RM0.59 million, expenses relating to the digital payment services and procurement & logistic services by RM0.62 million, as well as the increase in the staff cost by approximately RM1.23 million due to the increase in the headcount.
Out of many stock I invested, this is the worst return. Decided to let go at this special time, good luck and many stock are performing better than this
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....
limitupupup
1,466 posts
Posted by limitupupup > 2020-05-28 20:14 | Report Abuse
headcounts increase for R&D? ok la long term 1-2yrs later ...