most short term investors here dont really look into what M3Tech is doing. In their effort to turnaround, they diversified out of mobile value added services and rolled out the i3 series as well as partnering with Indonesia's giant telco company to supply T-bikes. T-bikes is basically a tracker device to track stolen motorbikes. The mgmt has shipped 10,000 units of T-bike to their Indonesian partner during 4Q17 which I think is yet to be reflected in its earnings (not sure how their payment terms are set) The overall value for the agreement is RM53.23 mil for 285,000 units of T-bikes which will be fulfilled over the duration of 2 years. So 10,000 units will yield an approx 1.86 million. The mgmt is also looking to expand the tracker device to Thailand somewhere in this new FY. Not forgetting the i3 display is also currently been used by big clients i.e Tesco, BMW, IJN and Perodua while i3 Teamworks is slowly gaining recognition among the SMEs. However, Pakistan is still their major contribution of almost 70% of revenue. Also take note of the recent JVs with NetX and MNC to develop the payment gateway for DFTZ (it's something worth taking note although things have not been materialized yet). So taking all of these efforts into consideration, do you think this counter is worth a shot? U do the homework. The key point here is still patience and holding power.
that's why must always watch the active board or else u will miss the fun..i have been camping here since May and have read alot about what M3 is doing..I took profit and cant wait to reenter once correction is done. Cheers to all M3 investors.
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....
SaoQ
76 posts
Posted by SaoQ > 2017-10-08 02:32 | Report Abuse
good and honest and no Lc promoting. +1 like