Everyone is waiting for a counter to be goreng. I think then cannot jalan. Nowadays Syndicates are also cash strapped, duit tak cukup. They goreng, U lari. Syndicates become soh zai ?
The group definitely is on track to recovery. With the recent shipping of 10,000 units of T-Bike to Indonesia's largest mobile operator, Telkomsel, the group is expected to deliver 285k units for approx RM53.23mil. Based o that, a unit is approx rm187 x 10k units = 1.87mil that's flowing in.
Not forgetting also the recent DFTZ venture with MNC Wireless to develop integrated payment and end-to-end logistics solutions.
@vxpoison, noticed this company with its so called "Net Cash" position from news (actually with the cumulative lose and the money from warrant and right issue). According to the bfm, Kevin Ng said that m3tech is a software company since it was incorporated. He also tried to emphasize SMS is not an easy stuff, it need a high technology solution those days, such as the TCP, encryption of text and etc (I believe bfm's DJ doesnt know IT). 12 years ago, even though they knew the sms service will be replaced one day, however, they dont take it seriously until three years ago when they started loss money. Kevin Ng strongly believe their strategy had been success and started make profit since 2017Q2. Currently, they will focus on the i3T series product and planing to list its subsidiary on Hong Kong.
my own opinion is this company is trying to change their product line. Kevin Ng is very confident with m3tech because they actually have so many experience in this field. However, i saw some uncertainty because the company didnt actually have a big mind set. They are trying the market....
watching show with popcorn and sprite. haha. Still observing before i "sai lang"
Yes, 0.09 - 0.095 is the biggest block..if it clears, its up n ahead for m3tech. The i3 products are doing well esp for i3teamworks n i3 display. FY17 back to black.
From a RM3.00 share till now worth less than RM0.100. I think it's gonna reverse to black soon with the current trading momentum. Let's see how Mr. Ng can keep up his promises...
buy share like how u invest business, no need to monitor on daily if you are confident they are making turnaround on their business after investing huge $$ to have these product. Buying at 8 to 9 cents, is definitely worthwhille with net cash NTA 10.2 cents. All of the directors bought 140,000,000+++ shares last year during the clash of the share price when they make loss to invest on developing new software. Profit is going, while the product still relatively new to market. Invest by looking on the growth opportunities, surely you will be rewarded.
fishing_leg There are, paypal, visa, master and bunch from bank. In all, what can, newcomer come and tap in ? One l do think so can, lower the transaction fee. One thing for sure, we, don't have the trx volume 09/06/2017 13:48
agreed dude, marketing is also gonna be a problem, but will we regret if we dont trust and play the short term technicals? Btw my fav poker hand is 69 suited and dated hehe
SaoQ, my initial idea on this counter is that they should have better support as they had been toying with mobile phone platform for quite a while. This part intigue me but if they solely concentrate on providing support and also analytical on online transaction, this counter Is fine too.
Right now, the IT trend is, develop social apps, get as many user as possible, give free games then tie in to final bit, making money over transaction.
Apps can be develop easily, but, popular or not is another thing.
Let's say we exercise with cautious. I do have high hope for this counter but is not up to me to decide, it is the company performance that matter.
Yes...eventually it is still the Qtr results that people look up to, and im sure a good QR definitely gonna boost up m3tech..im just gonna give it a try..
Jeffyap buy share like how u invest business, no need to monitor on daily if you are confident they are making turnaround on their business after investing huge $$ to have these product. Buying at 8 to 9 cents, is definitely worthwhille with net cash NTA 10.2 cents. All of the directors bought 140,000,000+++ shares last year during the clash of the share price when they make loss to invest on developing new software. Profit is going, while the product still relatively new to market. Invest by looking on the growth opportunities, surely you will be rewarded.
I bought at 0.075 and camp since beginning of July. Compare to buy overvalue and people are too optimistic stocks, buy some with potential with minimum downside
Monday sure bleeding, but the cost raise so high while the revenue increased too, need to find out the reason, perhaps it post opportunities to collect even lower
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