Last year tech stock's sentiment was much better that now. That's why the share price is showing a little bullish only despite the record revenue and profit with dividend
@HITnRUN hope it is a colourful BOOM, not a smelly one...
what is the best way to collect and accumulate a stock? to short the price while everyone has bought at higher price to scare the hell out of them and let them sell at lower price, or to keep buying at higher and higher price? I think this has pretty much explained what is happening now.
Sorry whoever trying to accumulate, just revealed your strategy.
euan8888 My friend said will go 1.00 25/08/2016 11:56
haha who is your fren?
1.Sia teik Keat aka Tiramisu aka sweet tooth or 2.Goh kim hock n sim goay hoon otherwise known as clyde n Bonnie ORR 3. tan hock hin known as Trader joe ORRR 4 chong chee hong aka chee cheong fun aka Insider chong? ORRRR 5.All the above
Edge Financial Daily, 5 Sept 2016 reports that strong LED use in smart devices and automotive lighting segments will boost a better financial year ending Dec 2016 in terms of both revenue and earnings.
MMSV FY2015 net profit came in at RM8.08 million on a revenue of RM31.29 million. It anticipates RM40 million revenue in FY2016.
The advent of IOT - the Internet of Things, which allows everyday objects to have Internet connectivity, is expected to strengthen MMSV growth and earning prospects as more and more applications will be using LED functions. And, MMSV being rightly placed, with its core competency in LED testing since listing in 2006.
Another positive factor is the strength of the greenback as most transactions are done in US dollars, which means gains from foreign currency conversion.
Furthermore, there is a proposal to transfer its listing to the main board soon.
No matter what the market conditions are, the macro-economics tell us this is the age of smart devices, digital automation, connectivity and convergent technology. The IOT of things is definitely going to increase the demand for LED testing processes. MMSV, with its core competency in LED, stands to benefit a lot from this IOT thing.
Those GORENG stocks (some loss-making ones) with positive or negative momentum also skyrocket under clinically-engineered trading (a.k.a price movements).
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....
skyrider
486 posts
Posted by skyrider > 2016-08-16 22:51 | Report Abuse
This qtr record profit (3.54 sen) previous record profit (2.88 sen).
Price record high 89 sen. can mmsv go to 89 sen first ?