@hisehatu Every year has a trend. Next year's tech trend is digital-everything in financial services. It is silly to spend RM8 for paper agreement courier between 2 parties, not forgetting the gap in turnaround time, when... customer sign up / application submission is done digitally.
If any of you is looking at it today due to its uptrend, and thinking if you could make some quick money by year end, I advise you to put your money somewhere else. This is not the place; unlikely to be. But if you do believe that its quarterly reports next year will start showing revenues and profit contribution from new line of business in digital signing, this is still a good price to enter, including WA
this counter price will grow by a quarterly basis...increasing revenue and profit will drive up the price..and investors need a bit of long-term vision and understanding. I'm holding this counter since IPO..after the recent crash I leverage down till my average price RM 0.09 ...I'm still here holding it strong. Digital signature is the future since the government trying to be more digital friendly.
The GOvernment slowly start to put more framework on this area...definitely, government are looking for a growth area so that government tax can be increase...so digital security definitely on the government radar.
Another very very good closing. From the volume in second half of today, can safely assume there were accumulations from genuine retail investors. Good sign. If these accumulators are not the impatient type, very high chance this counter will go above 20sen in Jan 2021
Based on last minute trade volume, expect a small spike tomorrow. Lets buckle up fellas, 0.17 coming tomorrow. We will know whether they break 0.20 tomorrow or not.
--- rdwidjaya: Flushing programs in progress to weed out most short-term holders so that it can continue above 0.20.
My forecast is, it won't go up too much by end 2020. Max is just hovering and stabilizing around 0.155. Enough to weed out short-term investors. Then only a strong upward. 24/12/2020 9:45 AM ---
And from the trades these 2 weeks, suffice to assume the impatient holders had already either fully exit, or at least by half of their holding. This is a good thing to Smetric's counter. The earlier 0.150 resistance is now moving towards support line. If the new batch of investors are not contra players, very soon will clear 0.175 in Jan 2021.
@Leverage Not just digital banking. All the talks about NISS and National Digital ID, the moment when sensitive information is to be stored in local server, PKI is a must to ensure hebat hebat encryption. And Malaysia is not the only country in ASEAN pushing digital ID now
this stock soon will unlock it true value... their market no only malaysia... is SEA market... they keep farming at indonesia... soon will digital market at indonesia willl boom.... malaysia 2021 will be digital year... financial sector will move to digital platform, less contact, paperless, security....
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3400 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
rdwidjaya
138 posts
Posted by rdwidjaya > 2020-12-24 10:05 | Report Abuse
@hisehatu Every year has a trend. Next year's tech trend is digital-everything in financial services. It is silly to spend RM8 for paper agreement courier between 2 parties, not forgetting the gap in turnaround time, when... customer sign up / application submission is done digitally.