YTL E-Solutions (YTLE MK) Technical BUY with +17.8% potential return Last price : RM0.645 Target Price : RM0.690, RM0.760 Support : RM0.600 Stop-loss: RM0.595 BUY with a target price of RM0.760 with stop loss placed below RM0.595. YTLE’s share price surged above the long-term downtrendline on 21 Apr 14 as it created a new up-leg. This was followed by a “return move”, after which YTLE stabilised above the immediate support of RM0.600. Given the strong gain last Friday on the back of a much higher trading volume of 1.36m shares (vs 20- day average of 0.3m), we expect the emergence of fresh buying interest to stimulate a spike in YTLE in the near term. Additionally, a bullish crossover in both MACD and Stochastic signals a possible upward continuation and thus may place the share price back on track to retest the previous high of RM0.760 over the medium term.
Bought YTL-e at 60.5sen, expect at least 2 sen dividend in upcoming Q4 middle of these month. YTL-e is the major beneficial for YTLP Yes broadband expansion and 1BestariNet, which utilize YTLE wimax spectrum.
YTL-E derive steady earning by lease out its Wimax spectrum to YTLP. With increase YTLP Yes broadband subscriber and completion of 1BestariNet, any increase in revenues above the threshold, YTL-E able to entitle profit sharing on top of fixed leasing earning.
YTLE also have excellent balance sheet, record net cash above RM 200m with no borrowing, therefore, any increase in interest rate, reap extra interest income.
Sold off all YTL-E at 63.5sen, realize all paper profit first. Declare 4sen dividend is double of expect dividend, but need to wait for another 2 month for ex-date.
However, these 4 sen dividend is higher than its full year profit 2.59sen, rising doubt its sustainability to pay more than it earn.
Their YES 4G service really screw up. Connection having problem from time to time. Also a design flaw at their quota usage mechanism. Lets say if u download 100mb data, u cancel the download or network error in between. The system deduct 100mb straight away from your quota. Not the actual usage. Thats explain many of user complain the quota end fast. Long term i dont feel confortable by investing with this company with lot of unsatisfied customer. Check their facebook yes 4g facebook today....quite a number of complain iut there.
CEO Wing told TheSun would be the 'newer version'... I personal think most probably LTE-A by Samsung once it is mature enough (network+device) to deploy. Btw, LTE-A just launched in Singapore recently.
Expected new moves after Yes4G launch in Sarawak by this year end and after MCMC spectrum re-farming exercise.
But turnover n profit almost the same for few years.. no improvement.. May be its not wise enough to put RM200++ mil in FD which should use to invest or other purpose..
LOOKS LIKE WANT TO MOVE. THIS NET CASH RICH COMPANY ALSO OWN A VALUABLE ASSET - 4G LTE NETWORK (HAS A VERY BRIGHT FUTURE). PE IS AT A LOW LEVEL, IF DEDUCT CASH/ SHR, PE WILL BE LOWER. AND PAYS DECENT DIVIDEND EVERY YEAR. FROM 2 SEN LAST YEAR TO 4 SEN IN 2014. VERY SAFE INVESTMENT WITH EXPLOSIVE FUTURE.
Education Ministry should scrap poorly-delivered 1Bestarinet, says PAC
Education Ministry should cancel the RM4.1bil 1Bestarinet project in schools nationwide due to the poorly delivered first phase of the project, the Public Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed said today.
This, according to The Star Online report, was because the first phase of the project which was completed at a cost of RM633mil, did not yield the expected results.
The project was awarded to YTL Communications Sdn Bhd via an open tender.
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....
tc2012
362 posts
Posted by tc2012 > 2014-01-21 09:32 | Report Abuse
calvin , anything exciting about SILK Holding ?