You can stay with SNS if you are rich and suddenly other investors sold and move to other more prospective counters resulting price suddenly collapse substantially.
It was very good news regarding the PO of 85 mils from Johor Based DC (probably Sedenak). It means DCs are trusting local suppliers to do the job for them. I think the orders for super server will keep coming in as more DCs started their construction but i think the earliest financial impacts will only be seen early next year. It is very important for SNS to successfully implement the JB DCs for it to continue be the main players in this.
QR not bad at all, still generate profit, not loss.
Cannot expect every qr like straight line But need to understand n see, good company with clear bussines model, securing more clients, generate profit each qr the price movement will follow
If down, can add, if move up cheers Normal, some times bussiness ups n downs.
You know the clowns who want to get cheap will shout bad bad bad but I am ready to load up and laugh all the way to the bank. I am hoping to get it cheap on Monday.
Uncles and aunties please all head for the one exit so that I can make more money LOL. I am betting on this and in a couple of weeks will be laughing all the way to the bank again.
Barring any unforeseen circumstances, SNS Network is optimistic about the business outlook for the industry on the back of growing demand for AI super servers from several technology firms.
SNS Network Technology reported its 1QFY1/25 net profit more than halved to RM3.74m from RM7.89m, mainly due to lower revenue and an increase in selling and distribution expenses. Quarterly revenue dropped 26.31% YoY to RM213.59m from RM289.84m, lowest recorded revenue since its IPO. SNS has recommended an interim dividend of 0.25 sen, payable August 28. The group has secured an order worth RM85.52m to supply AI hardware, delivery is scheduled for 3Q24. -The Edge Markets
SNS Network Technology Bhd has received a purchase order worth RM85.52mil for artificial intelligence super servers from one of the leading e-commerce platforms in Southeast Asia and Taiwan.
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....
mf
29,189 posts
Posted by mf > 2024-06-28 21:06 | Report Abuse
2024-06-28
Quarter Result
Quarter Result on 30-Apr-2024[#1] QoQ - -71.29% YoY - -52.55%.