The Group’s business has turned around in Q3FY20 with a profit of RM0.087 million
recorded. Revenue has increased 88% as compared to the preceding quarter
supported by the growing orders from the automotive, smartphone and tablet
segments. We have started to deliver the test solution for new devices such as CMOS
image sensor and RF filter in Q3FY20. Bottomline has been improved with a profit of
RM0.087 million recorded in this quarter with the implementation of cost-saving
initiatives and increase in revenue.
Why it is perfectly positive to buy netx at 1 sen leh ??
1. Netx is involve in game changing technology industry. The best growth sector of the stockmarket. 2. Netx assets comprises a big chunk ie is make up of cash & equivalent about rm 46m ,which is a big increase from rm 34m last reported mah..!! 3. Its NTA per share is 2 sen. 4. Its net cash per share is 1 sen 5. Its Gems apps are doing well n kicking in with high big growth plan. 6. Netx just reported a maiden profit when everyone expect a loss due to MCO loh...!! 7. Its NFCP section shows the strongest operating growth this qtr with few million profit just reported by netx mah..!! 8. Beside Gems apps which is similar to GRAB & Food PANDA there are many other promising blockbuster apps still under development that will add big value to future NETX loh..!! 9. The company has a very comprehensive corporate plan to develop & expand the company at the same time strengthen its shareholding & corporate structure thru a consolidation & rights issue exercise buy shifting more monies from the weakholders to the strong holders mah...!! 10. From The latest qtr the management is optimistic & guided future satisfactory performance for netx
In conclusion if u buy netx at 1 sen u buy into a substantial cash rich technology company worth 2 sen with net cash 1 sen mah..!! In addition it have high growth Gems apps which is taking off with high Growth Phase 2 for next few quarters mah...!! For NFCP opportunity netx already reap few million profit for this qtr mah...!! On the overall picture, there are many growth visibilty with many new apps until development and will be churning out soon loh..!!
U should be excited like raider & calvin bcos u are buying into technology netx very cheap with big margin of safety at only 1 sen and has very big growth prospect .
At 1 sen netx is the cheapest technology stock on earth, just jump in & buy loh...!! Everyone should have some exposure on growth technology stock like netx loh....!!
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....
MrGoingUp
112 posts
Posted by MrGoingUp > 2020-07-01 16:44 | Report Abuse
i agree. possible 0.6