With CI at all time high, its better adopt more prudent strategy. I think the safer stock to trade now is Timecom. Pending upcoming EGM approval, Timecom currently trade cum special share dividend 0.24 Digi/share worth 1.13. Timecom still retain another 0.24 Digi/share for future payout.
Timecom revenue increase 64% (133m vs. 81m); pretax profit from core business increase 200% (31.4m vs. 10.2m)!. However, dividend income from DIGI reduce 57% (8.3m vs. 19.4m), resulting net profit increase by 23.3% (36.1m vs. 29.2m)
Previously TIMECOM buy DIGI shares which then going into share split 1 for 10 thus TIMECOM has a lot of DIGI shares... One of TIMECOM revenue is come from DIGIs dividend thus to attract investor into TIMECOM they would like to Distribute HALF(1/2) of they retained DIGIs shares...If you notice before this TIMECOM was a part of TIME ENGINEERING BERHAD subsidary before they sell it(TIME decission sold TIMECOM was totally a mistake)... New management in TIMECOM is PROFESIONAL people when they buy DIGIs share few years ago..
Whoever be as retail investor/punter/fund manager or DIGI major shareholder wanna higher exposure to DIGI or like to increase stake in DIGI for dividend income, should opt for alternative way by through buyin Timecom to entitle DIGI share dividend of 0.24 unit for every 1 unit Timecom
Timecom broke above the horizontal line at RM4.70 earlier today. In the afternoon, it tested its long-term downtrend line at RM4.75-4.80- even hitting a high of RM4.85. It will be interesting to see whether Timecom can surpass the downtrend line - be it today or tomorrow. The indicators have turned upward and the chance of a successful breakout is good. Timecom's next resistance would be at the horizontal line at RM5.60 & then at RM7.00
Based on potential bullish technical outlook, Timecom coudl be a good stock for trading BUY or for long-term investment.
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....
sudahkena
1,804 posts
Posted by sudahkena > 2013-03-12 12:59 | Report Abuse
up.....waiting court order next week.....