Ramssol Group Bhd’s share price opened up at 70 sen today versus the human resource technology specialist's initial public offering (IPO) price of 45 sen in conjunction with the company’s listing on Bursa Malaysia’s ACE Market.
I believed the company has a good prospect as their offering expertise will ride on the current work-from-home sentiments especially the HCM technology applications offered are being widely use now.
Foggyt, their revenue is mainly project base and small amount coming from the renewal of the support maintenance contract. Good prospect or not, it is hard to say now as their main markets are still affected by COVID.
Good thing is one of their shareholder is well known Tan Sri. If they managed to sell their solution to the Tan Sri's group of companies, personally I think they have a good future.
RAMSSOL is a leading home-grown HCM solutions and technology applications provider. The company involves in the provision of HCM and student management solutions via selling of third-party software licenses.
The group also provides IT staff augmentation services to recruit and supply IT professionals. For HCM technology applications, the HR technology specialist offers in-house developed employee mobile application named Feet’s and a collaboration business online platform, Lark.
They are in the tech business. I read Edge article last week, it mentioned that The Malaysian market is lagging a bit because of the (current) lockdown and market sentiment. But with the herd immunity target (reached), it will be positive for the technology sector. Tech is the future.
Est 20 years dividend is not enough to cover what invested today even at ipo price. Anyway, believe many are traders looking for volatility opportunities instead of LT dividend.
share price movement is normal ah for this, even Mr DIY was traded lowest at RM1.50 compared to their IPO price of RM1.60 on the first day and rebounded back within 3 months time. The prospect looks promising to me, I hope the trend will be the same for Ramssol.
Strong growth, recurring income HBP business model and benefits from pioneer status. RAM to hit RM1.20 in the near future, weak market sentiment jz temporary!
When rebounce time , then u dont want to sell already ^^ Bad time covid people use ZOOM to meeting. ZOOM share shooting up !!! Same also as RAMSSOL ^^ chill ya
definitely will fly just matter of time. with the total number of shares of 223,051,500 it's actually not difficult to push up the price to above RM2 when shareholder intend to increase its market cap to 500 Mil. But to push further to RM20, they should rename as Ramssoltec.
Very good business model! High margin with recurring based income. That means that revenue will only keep growing once their customers like MNC and GLC are tied up with them for the system and support. Covid also speed up their revenue with Digitalization.
Also Tan Sri Lim Wee Chai (TOP Glove boss) invested on this! His experience in business never go wrong!
Tan Sri Lim in as major shareholder and Capitaland - SG's largest developer as main client..Hard to not expect any growth. Any pullback an opportunity to add. This will moon soon
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cywk
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Posted by cywk > 2021-07-13 11:07 | Report Abuse
feel cold at penthouse..pls goreng..