Sedania’s initial public offering issue price was 38 sen per share. Undervalued stock Sure will come back. Sedania still very much on track to hit 0.50
The As-Sidq acquisition will provide Sedania with a guaranteed net profit of RM1.5 million a year for this year and next, ensuring the company’s positive cash flow and sustaining its turnaround plan.
While pursuing opportunities in emerging technologies, Sedania’s core ATS business will be retained and is projected to be back on the growth path this year, in line with the turnaround of the telecommunication (telco) sector.
“We are excited to collaborate with established and expansion-focused telco partners for our ATS platform, such as U Mobile which is constantly adapting new product offerings to suit user preferences.
“We intend to run more campaigns with U Mobile as well as other telcos this year as we roll out new services such as data and network sharing.
“These new offerings will complement the ‘conventional’ credit sharing and propel new user markets onto our ATS platform,” said Azrin.
Sedania has also made great strides in its IoT venture, where its wholly-owned IDOTTV Sdn Bhd in December last year entered into a strategic partnership agreement with Iscada Net Sdn Bhd to jointly provide IoT smart devices in designated buildings that allow instant connectivity with the Fire and Rescue Department.
“We are on track to complete the installation of 6,000 sites before year-end. We are confident of capturing other opportunities and partnerships for our IoT and green technology segments to sustain our performance,” added Azrin.
Sedania posted a RM200,000 net profit in the first quarter ended March 31, compared with a net loss of RM800,000 a year ago, driven by strong delivery of its IoT contract.
The company’s revenue jumped 243.3 per cent to RM6.1 million versus RM1.8 million a year ago, boosted by new contributions in the IoT and green technology segments.
i think today is weird .. where got counter have 99% buying and only up 1c ??? think twice before take any action ya .. could be trap or also could be no ppls notice it ..
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....
kyosan
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Posted by kyosan > 2017-12-14 16:44 | Report Abuse
http://www.theedgemarkets.com/article/sedania-confident-better-days-ahead
above article....relate with Local BDA Software Market To Reach RM595 Million By 2021