@calvintaneng: Mr Calvintaneng, please look into Perak Transit (Ptrans), this counter is very well manage, very good earing and growth prospect as well as Very good as an investment stock both long and short terms.
hard to get capital appreciation from this counter. but credit to their management, NO LOSS from ANY QUARTER in the past 9 years along with consistent dividends.
Whether htpadu, scicom or mesiniaga wins the immigration contract from government, vstec will benefit as well considering all of them are its customers. Newly acquired 40% associate i.s.a companies should contribute further to its earning riding on e commerce wave
Usually the last quarter is the strongest. There were already many government projects have been awarded recently. Coupled with strong consumer spending during end of the year and contribution from associated company, last quarter should be decent
VSTECS Bhd’s, or formerly known as ECS ICT Bhd, net profit grew 7.71% to RM8.26 million or 4.6 sen per share in the third quarter ended Sept 30, 2019 (3QFY19) from RM7.67 million or 4.3 sen per share in the same period last year, thanks to higher sales.
The company attributed higher earnings to better gross profit, lower finance income and bigger share of profit in joint venture and associate.
Its quarterly revenue was also up 5.36% at RM459.57 million from RM436.21 million due to improved market sentiment, according to a filing with Bursa Malaysia today.
Based on the previous 4th quarters and the management 's optimistic prospect for last quarter, EPS should range between 5-8. That will make annual EPS about 16-19. Based on PE of 10 to 20, share price should be rm 1.6 to above rm 2. And usually PE for technokogy stock is about 20-30. Very undervalued this company
“We are excited to see healthy growth in PBT (profit before tax) for 9MFY19 and our newly acquired associate company ISATEC Sdn Bhd contributed RM1.1 million to our bottom line,” said VSTECS chief executive officer Soong Jan Hsung, in a separate statement today.
“Our performance year to date is a good representation of the trajectory for FY19 and we expect a few more large projects to be completed by the end of the year,” he added.
Looks like they are expecting a strong Q4 and performance from their associate ISATEC Sdn. Bhd.
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....
anticonman
533 posts
Posted by anticonman > 2018-11-11 19:35 | Report Abuse
ECS will be hit by E-commerce. Today those shop at Lazada today can get good discount.