IFCA MSC Bhd has entered into a strategic partnership programme with Huawei Services (Hong Kong) Co Ltd via the signing of a memorandum of understanding (MoU) between the two parties.
This stock is currently trading on foreseeable profits. Which may or may not even realise. PE is too high to sustain this price at the meantime, liquidated some but still keep some just to see what happens :)
Folks the MOU is for 1 year +1year and during this period there are so much development on digital way of doing business,and remember Huawei services Hong Kong to take over all business on 1st Nov 19.it covers Asia,Europe,Middle east.For China and Malaysia taken over om 1st Sept 19. Telecom had MOU with Huawei Malaysia on june 19 on 5g. There are so many catalyst a head of lfcamsc.
Nature of business for lfcamsc is providing business solution digital way. They do not have big borrowings from banks. They don't have to employ too many staff. They don't have to built big factories or ware house. They terms of payment vry straight forward thus will be lesser receivable. Low overhead to run the business. Very easy to expand doing business in other countries. (Just set up new offices only)
Not sure if project will be successful, already dreaming about reaching the stars. Stay grounded. It is a non-legal MoU. Anytime can cancel, I think so la.
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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....
Newbie318
331 posts
Posted by Newbie318 > 2019-11-01 11:49 | Report Abuse
Yupp, it is uptrending stock.