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2017-04-25 16:34 | Report Abuse
BORNOIL Coming soon.......from the same group playing Dnex and Gpacket.
Next round they will play BORNOIL
2017-04-25 08:28 | Report Abuse
PETALING JAYA: Mobile broadband and networking solutions provider Green Packet Bhd’s back-to-the-basics strategy appears to be paying off.
The company, which returned to the black in the third quarter of the financial year ended Dec 31, 2016 (FY16) after years of bleeding red ink, had two years ago refocused its efforts on beefing up its original operations, namely, the solutions and communications segments.
At about the same time, it sold off to Telekom Malaysia Bhd its controlling stake in Packet One Networks (M) Sdn Bhd (now rebranded as webe) where its broadband business was parked.
Now the firm, which for the longest time was punished by investors for its decision to go into the heavy-capital expenditure broadband business service in 2008, appears to have finally regained some favour. It has also gained traction among institutional investors.
Last month, Green Packet managed to place out 10% of its issued and paid-up capital to institutional investors, something that it had not done in at least the past five years.
“We want to change our investor profile to majority institutional now that we’re back to profitability,“ chief executive officer Kay Tan told StarBiz.
Green Packet’s stock, in the meantime, is up more than 28% since the beginning of the year.
It last closed at 37 sen, giving the company a market capitalisation of RM280mil.
While Tan declined to name the institutional investors which participated in the recent placement exercise, it is understood that they included firms like Hong Leong Assurance Bhd and United Overseas Bank.
Currently, the single largest shareholder in Green Packet remains the company’s founder Puan Chan Cheong, better known as CC Puan, who has a 30% stake.
Institutional investors, typically large, stable firms that tend to give the market some confidence about a particular stock, collectively hold a 20% stake in Green Packet.
“We are talking to more of such institutional funds,” Tan said.
He said moving forward, Green Packet’s focus would continue to be on growing its bread-and-butter businesses of solutions and communications.
The solutions business, which supplies 4G long-term evolution (LTE) connectivity devices to global telecom companies, is enjoying a boom market with sustained accelerated growth of LTE network deployments globally, according to him.
To ensure continued growth for the solutions business, the company has identified specific high-potential markets, where it builds a direct sales presence and establishes partnerships that will help it penetrate these markets more effectively, he added.
For its communications pillar, Tan claims that Green Packet is amongst the fastest growing in South-East Asia with over 100 million minutes in monthly voice traffic and 250 clients in 30 countries.
“Quick wins on this front include adding data on top of wholesale voice to grow the business without expensing much additional resources.”
In its report on small and mid-cap companies issued to clients last week, Kenanga Research said the two core businesses of Green Packet - solutions and communications - are expected to record an organic growth of about 5% to 10% in FY17 with insignificant contributions from the Internet of things and fintech divisions, which are two fairly new segments that Green Packet has ventured into.
“Nevertheless, in view of the current technology trends, Green Packet expects the two new segments to bear fruit in FY18 and contribute 20% to 30% to its earnings,” the research house said.
Cautioning investors on possible delays in the rollout of Green Packet’s new products and expansion plans, Kenanga pointed out that the company was currently trading at a historical core FY16 price earnings ratio (PER) of 18.3 times.
“Moving forward, expecting an organic growth of 5% to 10% coupled with sustainable margins, Green Packet could potentially record around RM15mil in net profit in FY17 followed by RM18mil to RM20mil a year later, implying forward PERs of 12.9 times to 17.2 times.”
For FY16, Green Packet’s net profit stood at RM71.47mil, but this was mainly helped by extraordinary gains.
Green Packet, which is in a net cash position of over RM80mil, was recently selected as one of RHB Research Institute’s 25 top Malaysian small-cap jewels.
2017-04-25 08:27 | Report Abuse
2017-04-21 16:58 | Report Abuse
50.5 sen all gone.....no more.
2017-04-21 16:56 | Report Abuse
We need more good announcement.
2017-04-21 16:55 | Report Abuse
Senergy please don't sleep for too long.
2017-04-21 16:54 | Report Abuse
Before close 50.5 sen continue eating non stop
2017-04-21 14:55 | Report Abuse
Let us make Dnex the best perform stock in KLSE 2017.
Don't sell, continue push up.
2017-04-21 14:28 | Report Abuse
We should start thinking about next month TP 60 sen or 70 sen.
End of the year RM1.00 and above.
The best performance stock in KLSE year 2017
2017-04-21 14:05 | Report Abuse
Dnes must break 50sen exercise price mind set.
Only then warrant can go higher....go go go.
2017-04-21 13:33 | Report Abuse
The future is with Dnex.
Dnex is going to be the best performing stock in KLSE year 2017.
2017-04-21 11:45 | Report Abuse
Once Dnex break 50 sen exercise price.
Mother and warrant fly high.
2017-04-21 11:45 | Report Abuse
Wah....48 sen eat all.
50 sen coming.
2017-04-21 10:53 | Report Abuse
The plane is in the run way and prepare to taking off soon. Fast go on board.
Dnex is going to fly high.
2017-04-21 10:40 | Report Abuse
The bosses is serious doing business and concentrate on IOT.
2017-04-21 10:27 | Report Abuse
Dnex need to break 50 sen.
Once Mother go above exercise price 50 sen, warrant can go even higher.
So we need to push Dnex Mother share higher.
2017-04-21 09:47 | Report Abuse
Analyst recommend to buy small cap stock like Dnex and Gpacket.
2017-04-21 09:45 | Report Abuse
As long as EPF stop selling, Senergy can easily break TP RM2.40.
2017-04-21 09:30 | Report Abuse
Mother to perform better in future.....Bonus issues and Dividend.
2017-04-21 09:29 | Report Abuse
With more share buy back by company meaning less shares in open market.
Killing off all contra player.
Good for Gpacket.
2017-04-21 09:12 | Report Abuse
Always love your mother because you will never get another.
Buy Dnex mother.
2017-04-21 09:06 | Report Abuse
Dnex to break 50 sen, warrant 35 sen soon.
Once Mother go above exercise price 50 sen, warrant can go even higher.
So we need to push Mother higher.
2017-04-20 16:54 | Report Abuse
Always love your mother because you will never get another.
Buy Dnex mother.
2017-04-20 16:29 | Report Abuse
1 sen only. but I got a lot of Senergy.
Senergy need more projects and good announcements.
2017-04-20 16:07 | Report Abuse
Always love your mother because you will never get another.
Buy Dnex mother.
2017-04-20 16:02 | Report Abuse
Let us hold Mother and son together........don't sell.
2017-04-20 15:54 | Report Abuse
Once mother break 50 sen. Son going to follow.
Mother & son has to go side by side. Up accordingly.
2017-04-20 15:52 | Report Abuse
For those who has make $ from from MYEG like me, will understand DNEX going to be the next MYEG
2017-04-20 15:17 | Report Abuse
What we need is forming a strong team like multi level cepat kaya marketing.
Everyone buy and don't sell. Dnex can go as high as we wanted.
Contra player is not welcome. Teamwork
2017-04-20 14:32 | Report Abuse
Waiting for dividend debit bank
2017-04-20 14:23 | Report Abuse
Mother need to break 50 sen soon in order warrant to go up higher.
Buy Mother to protect son.
2017-04-20 13:45 | Report Abuse
Mid term - 50 sen
Long Term - RM1.00
2017-04-20 13:44 | Report Abuse
Mid tern TP - 50 sen
Long term TP - RM1
2017-04-20 13:33 | Report Abuse
http://klse.i3investor.com/blogs/kianweiaritcles/121129.jsp
I believe in RHB TO 71 sen
2017-04-20 12:49 | Report Abuse
http://klse.i3investor.com/blogs/kianweiaritcles/121129.jsp
RHB - short term TP 38 sen
2017-04-20 10:52 | Report Abuse
If Mother share can break be higher than exercise price 50 sen, then that is better for warrant to go up even higher.
2017-04-20 10:44 | Report Abuse
Again warrant up but not mother ?
I've both warrant and mother. But it is good both go up accordingly as the exercise price is 50 sen.
Mother share only 45.5 sen below exercise price 50 sen which is not healthy for warrant.
So please buy more Mother share.
2017-04-20 10:09 | Report Abuse
Mother share have to move up faster only warrant can maintain.
If not warrant price too close to mother share will have problem later.
We need to support both mother and warrant accordingly.
Don't just buy warrant, buy more mother.
2017-04-20 09:59 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5400701
PROPOSED RENEWAL OF AUTHORITY TO PURCHASE ITS OWN SHARES BY THE COMPANY
2017-04-19 16:55 | Report Abuse
Mother drop faster than son.....should buy mother.
What will happen if Mother and son price too close.....exercise price 50 sen.
Mother only 45.5 sen.
2017-04-19 16:38 | Report Abuse
When market drop, should buy mother or warrant.
2017-04-19 16:34 | Report Abuse
Boss keep collecting at 34 sen......good news.
Stock: [BORNOIL]: BORNEO OIL BHD
2017-04-25 16:34 | Report Abuse
Buy now