Bluetooth and near field communication (NFC) share several features, both being forms of wireless communication between devices over short distances. NFC is limited to a distance of approximately four centimetres while Bluetooth can reach over thirty feet. While it may seem that Bluetooth is superior in this regard, both Bluetooth and NFC technology have their advantages and disadvantages compared to one another and can work together to meet users’ needs.
PublicInvest Research sets Salutica fair value at 99 sen!!! So it is a good bargain. Under value at 81 sen...grab some before it disappeared. IPO 80 sen. Salutica's initial public offering (IPO) has received favourable response, with its retail tranche of 19.4 million new shares applied by the Malaysian public registering an oversubscription of 9.98 times. http://www.nst.com.my/news/2016/05/146258/salutica-makes-debut-bursas-ace-market
Watch closely...I think it is going to move soon. The research house don't simply give a fair value for nothing...just watch...if it break 86 sen then can confirm rally. This is a good company with big overseas customers. Should be worth to keep in the long term. I think can go as high as $1.50 like IFCAMSC if they really want to goreng. Only 388 million stocks compare to IFCA 608 million. When it move, it will be very fast and furious. The selling looks like stopped. Now it is buying time. Lets see if the volume is coming this afternoon. Good luck to all.
Most of Salutica's customers comprise multinational corporations such as Plantrocnics, Jaybird and Sony, contributing about 90% of the company's total revenue.
PublicInvest noted that Salutica is targeting a long term payout ratio of at least 30% of its net profits. “With strong cash reserves after listing, a healthy dividend payout should be sustained. We estimate the company's dividend yield for FY17 at 3.1% on the back of a 30% payout ratio assumption,” it said.
“About three billion bluetooth products were shipped worldwide in 2013, and this number is expected to reach 4.9 billion in 2018. Furthermore, with the advent of the Internet of Things (IoT), we will see an increased connectivity in our daily lives, and IoT is a concept which is already embodied in our in-house brand- FOBO products.
“These favourable conditions will hopefully continue to create new possibilities for Salutica to explore further growth and expansion,” said managing director and chief executive officer James Lim at the company’s prospectus launching yesterday.
Salutica also has its own in-house product line of Bluetooth 4.0 technology products, under the brand name of FOBO and the current product line comprise amongst others, FOBO Tire, FOBO Tire Plus, FOBO Bike, FOBO Xtra, FOBO Tag, FOBO Max and FOBO Beacon.
Yes!!! Below 83 sen is still cheap! Buy before it rise above 86 sen. If break 86 sen, then trigger a breakout buy to TP $1.00. Put this stock in your radar.
Failed to get any on ipo, matched some lots at RM0.815
Latest Financial Result (19/5): Quarter is average but 9 mths is good: 9 months Financial Results -Nett Profit RM16.8 mil -Revenue RM169.7 mil -EPS 5.42 sen Proposed of Single-Tier-tax-Exempt Dividend of 0.6 cents per share
The Board of Directors of Salutica Berhad has, on 19 May 2016, declared a Third Single-Tier Tax-Exempt Dividend of 0.6 sen per share on 388 million ordinary shares amounting to approximately RM2.328 Million for the financial year ending 30 June 2016.
Latest quarter result looks underwhelming if we look at the headline numbers, with Profit before Tax about RM0.6m.
However, bear in mind SALUTE has just paid RM2.1m for its listing expense, while at the same time suffering from RM0.8m forex losses. SALUTE derives about 90% of its revenue in USD (which makes it a strong USD play), so in a quarter in which USD has been weakening significantly, SALUTE's comprehensive income is negatively affected.
Therefore, if you normalize its performance by stripping the listing expenses and FX losses, SALUTE achieved a Profit before Tax of about RM3.5m, which implies 78% yoy growth as compared to the corresponding quarter ended 31 March 2015.
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....
AC Gan
188 posts
Posted by AC Gan > 2016-05-18 08:59 | Report Abuse
See how it go today..! TP : 1.18 / 0.99 !!