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Hong Leong Investment Bank - Call: BUY Price Target : 1.38 Upside Potential: +51.65%
SMRT is the sole provider of dual-sim technology for TNB's distribution substations. With only 20.7k or utilization rate of 24.9% of total TNB substations in Peninsular Malaysia that currently using SMRT IoT device and coming to grow.
SMRT has a lot more to install their IoT device to TNB whole Malaysia.
Another hint of SMRT's current IoT project in Indonesia: 1. Private financial sector: ATMI - ATM Operator in Indonesia (Sumatra, Java, Sulavesi) has 5000 ATM machine is on-going install the SMRT IoT.
2. Government monopoly sector: (Indonesian electric power) PLN Perusahaan Listrik Negara: installing SMRT IoT device project same like TNB.
Its never late because even their project for TNB substation utilization rate is only 24.9%.
Our government - Ministry of Finance Incorporated subsidiary - Urusharta Jamaah is now a third largest shareholder of SMRT which now holding 24 million shares in SMRT.
Urusharta Jamaah is an investment holding and asset management company wholly owned by the Ministry of Finance Incorparated.
This is a sign of institution investor starting to smell money.
http://surl.li/mkcxh wow systech will fly like pertama and smrt , time to buy in Systech , another pure IOT company, 100x better than SMRT .SMRT doesnt even has their own plant
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