No doubt the revenue drop (-50%) is disappointing particularly in the software segment. More clarification from management is needed on the software/b2b revenue generating model (pay per use/ subscription/ mix?).Perhaps, most retailers are out of business during MCO and that explains the low utilization of the portal, again MCO only began 18th March.
Silver lining is: 1. RM0.6mil due to subsidiary incorporation is non cash loss 2. +RM1m q.o.q staff costs could easily be mitigated via furloughing, salary deductions, etc 3. Continuous increase in customer base for retail b2b, most recent win is the 45 store hypermarket. Should this trend persist, can expect more retailers to jump into the digitization bandwagon and increase software revenue.
people always panic when they even dont know wht kind of bisness is this company..they only want buy this stock 100% Technical Analysis without know how good Fundemental analysis of this company..when people become fear, become greed
This cmpany need to explain to public their next plan to make sure investors konfiden with their bisness in future or this stock gonna be downtrend/sideway trend..just cause by panic selling..
It is true that this morning will be panic selling However, if study through the company report, the revenue still high when facing this crisis (covid-19). Imagine that if there is no crisis, how far this company can fly? Most of the retailers (7-11, Aeon and more) are using their software and will be increase in the future as they provide one off service. In long term, this company can flew and tech. will become strong in the future. Disclaimer: invest at your own risk.
It is depended on ur investment plan. This company was chosen by well-known digital company LG CNS as distributor. We need to see what kind of contract it can get in the coming future. And I hope this company can focus more into E-Commerce logistic solution with its existing software.
i think this stock already hot stock..buyer strt focusing on techno stock after NASDAQ all time high..see..even QR negative..but, technology sentiment gonna fly higher after this..
new News from RGtech Selangor, Malaysia, 16 June 2020 – Retail technology solutions provider Radiant Globaltech Berhad, (Radiant Group, the Group, 锐腾有限公司, Bloomberg: 0202:MK, Reuters: RADI.KL) is enabling retailers to digitalise operations in the ‘new normal’ environment post-Movement Control Order (MCO) through its retail management portal AX Retail B2B. The Group’s B2B portal facilitates back-end transactions seamlessly between retail chain outlets and its suppliers. The cloud-based portal captures and processes all transactions from delivery orders to invoice generation in a timely manner, hence reducing orderdelivery-payment time and errors. Attesting to retailers’ increased emphasis on efficiency, Radiant Group expanded its customer base, securing a 45-outlet retail supermarket chain. The Group has registered 350 of its suppliers onto the retail management portal, boosting the Group’s total supplier base to 3,850.
wakarimas u are buying tech stock but u dont know much about tech. This digital company financial is much better than most of its digital competitors. Look at keyasic and ucrest making loss for yrs and still get contract from govt proving that what they can contribute to digitalization in coming future. Just look at rgtech customers LG Cns, Aeon, 7 Eleven and its partners StrongPoint. Its tech base proves that it has huge potential in the future
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Posted by hakimsaat > 2020-06-17 08:15 | Report Abuse
-98... damnnnn