i guess the result not impressive enough. perhaps consumer market picking up for Q2, but not other sectors due to MCO/CMCO. Those business will pick up in Q3, Q4 I guess. Meanwhile, just have to brace for lower share price until next quarter.
My opinion is that the 2QR result is commendable considering the shutdown of sales and services in the entire month of April during MCO. It was only on 4 May onward that the business picked up fast during the Conditional MCO. I hope the next quarter will show some improvement going forward. However, there might be some uncertainties in the final quarter as the unemployment figures will be out and the moratorium on the bank loan over by 30 September. The business model I think is suited to a post pandemic new normal i.e. WFH.
Dear investors, VSTECS is expected to perform well according to its chart.
VSTECS's fibonanci support level is valued at RM2.08 which is proved effective through these days closing price. Besides, VSTECS rebound back up to RM2.12 during today's morning session which again proved this support line is strong. Furthermore, the uptrend line of VSTECS is still on position and not broken yet. Hence, I believe that the price of VSTECS is already at the bottom and retracement is ending soon. I expect the price to test the previous high again at RM2.76. I'm just providing a brief analysis based on technical analysis and there are no buy and sell recommendation here. You are in control of your own decision. Cheers.
Company provides network infrastructure, unified communications, software integration, data analytics, cloud computing, business continuity, hyperconverged infrastructure and cybersecurity.. this company will pave ways for future Online bz . I had add more which is still underrvalue
Look like the coming financial results not favourable . The continuous weakness shown in the downtrend shares price this 2 weeks . Insiders must have fulled access to the information and seem like unloading the stock to avoid further price depression . I' m still holding since many companies with bad qr results is quite normal for the 2nd qr. The share price will climb back and l minimal downside risks even if bad financial results will to be announced soon .
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....
Nangkabusuk
60 posts
Posted by Nangkabusuk > 2020-08-05 16:46 | Report Abuse
Apparently ppl started to pay more attention on this counter