Prospects for 2021 The growth of the Malaysian economy is not expected to be robust. With the on-going Movement Control Orders,many industries are badly affected.Fortunately the stock broking and trading business is experiencing a resurgence, fueled by participation of retail investors. The increasing use of social media for investment will further propel this global phenomenon.Bursa Malaysia continues to record high daily trading volume and value since the beginning of 2021. These are good news for our customers (stockbrokers and bankers) and to the Group. The sustained participation of retail traders and high volume of transactions will contribute positively to our ASP segment.
For the quarter under review, the Group registered an increase of 59% or RM3.4 million in revenue compared to same quarter last year. The continuing interest of retail investors in Bursa securities sustained the overall high daily tradingvolume in quarter 4. Hence the sustained growth in our increase in Application Services Providers (“ASP”) revenue. However, our Application Solution (AS) segment performance was flat to last year.
System enhancement project implementations resumed earnestly in this quarter, and billings for work done expected next year.
For the 12 months ended31 December 2020, the group’s revenue surged by RM8.4 million or 37% to RM31.4 million compared to same period last year, while Profit Before Tax (PBT) and Profit After Tax (PAT) increased by RM5.9million and RM4.4million to RM14.2million and RM10.8million respectively.
Lembik again. Was Excited tht it has woken yesterday. Too Fu.... following US. The whole damn world just look at US. US is dying slowly. Then the whole damn world will die with it.
actually this stock is ranging between 420-510.. if break 515 it can go up to 52w high. with good and improve qr, looks like it can go up to that level, but for now hope it can sustain above MA200 for Wave 3.
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....
fidaus2005
123 posts
Posted by fidaus2005 > 2021-02-26 10:59 | Report Abuse
already add up 485 and 490, people throw i collect haha when nasdaq rebound we will see how far it goes.