2016 net profit double from 2015 2017 54% from 2016
every ACE company that enter Bursa always like this...
TP if market optimisation high the company can achieve another 10% net profit growth per year until the 5th year its not wrong to have RM0.45 as target.
If the proceeds of IPO to buy much advance EDC or POS terminal & bring tech to third world country, Cambodia not bear fruit and stagnated company net profit at around RM 4-5Million market will put RM0.21 as TP.
IoT is sunrise industry & the penetration rate in our country still low with only around 30% of Malaysian using epayment or cashless vs 70% Malaysian that have social media.
Cashless is really big thing for the next 3 to 5 years with BNM as big hand force banks, big company,retailers and SME to adopt cashless payment vs conventional payment( cheques,draft, etc).
in my opinion, this company is good to invest because of improving techonlogies.... now everyone prefers to make cashless payment instead of bring cash to buy thing....
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....
mercurycks
5 posts
Posted by mercurycks > 2018-06-12 10:21 | Report Abuse
Yes, thumb up to you, you really did a good job.