KUALA LUMPUR: The government will allocate RM21.6 billion to implement a five-year National Fiberisation and Connectivity Plan (NFCP) to ensure quality high speed connectivity nationwide.
As part of the NFCP, the government will also increase connectivity in rural areas, particularly in Sabah and Sarawak.
"The government, through the Malaysian Communications and Multimedia Commission, will allocate RM250 million to provide broadband access through satellite technology.
"Priority will be given to locations within states that are able to facilitate and expedite the implementation of the NFCP," he said when tabling the 2020 Budget in Parliament, today.
It is good for Binacom, but their incapable management team must change. They make every investor loss. Especially the 2 brothers in the company, they should resign, as their only capability is to fly the red color flag.
Binacom is a telecommunications support services provider, and has mainly involved in three servicing business segments, namely satellite network, mobile network and fibre optic network.
With about 15 years of experience in the sector, Binacom has become a strong telecommunications network-supporting services partner mainly to Maxis Bhd, U Mobile Sdn Bhd and Huawei Technologies Co Ltd.
Current price is no longer suitable for BINACOM. Time to fly to above RM1. For this whole week, most people will only buy without even bother when to sell. International Investers coming in. Sure believe Warren Buffed or Jack Ma proxies coming..
ini article april sebelum budget Binacom rates ‘moderate risk’ by HLIB Tuesday, April 16th, 2019 at , Money | News
By SHAZNI ONG / Pic By ISMAIL CHE RUS
Binasat Communications Bhd (Binacom) is rated “moderate risk”, with its valuation termed as “undemanding” at 10.5 times trailing price earnings, by Hong Leong Investment Bank (HLIB) Retail Research.
The research unit stated in a technical note yesterday that Binacom is a cheaper proxy for investors seeking exposure to the telecommunications support sector.
“After hitting double bottoms at RM0.36 on Dec 10 and 18, Binacom is on the verge of a downtrend resistance breakout near RM0.40.
“A decisive breakout above RM0.40 is likely to lift share prices higher towards RM0.41 and RM0.46 before reaching our long-term objective at RM0.49. On the flip side, key supports are situated at RM0.37 and RM0.36. Cut loss at RM0.34,” HLIB Retail Research stated.
Binacom is a telecommunications support services provider, and has mainly involved in three servicing business segments, namely satellite network, mobile network and fibre optic network.
With about 15 years of experience in the sector, Binacom has become a strong telecommunications network-supporting services partner mainly to Maxis Bhd, U Mobile Sdn Bhd and Huawei Technologies Co Ltd.
Currently, the group is one of the few players in Malaysia that provide support services across three main telecommunications mediums, mitigating the risk of over-dependence on any segment.
On re-rating catalysts, HLIB Retail Research added that Binacom is a potential beneficiary of outsourcing trends, spectrum reallocation exercise, the National Fiberisation and Connectivity Plan (NFCP) and changing technological trends (from 4G to 5G deployment in the long term), led by the mobile and fibre optic segments.
According to Communications and Multimedia Minister Gobind Singh Deo (picture), the 5G task force will provide recommendations for 5G deployment in the country after the completion of test beds and trials in Putrajaya and Cyberjaya from April to October 2019.
“For its mobile segment, Binacom is likely to benefit from outsourcing opportunities and the ongoing spectrum reallocation exercise, as telecommunications company (telco) players may need to carry out network recalibration works and/or to instal and commission new network equipment.
“On its fibre optic division, the continuous expansion of fibre optic networks nationwide will create opportunities for related works, which are set to expand and upgrade their 4G LTE network coverage, coupled with the implementation of the NFCP,” HLIB Retail Research said.
On the long-term growth from regional expansion plans, the research house said its outlook remains positive for Binacom, following the construction of the new teleport facility and the purchase of high-definition Digital Satellite News Gathering system to provide new services to customers.
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....
Cockroach Paul Lee
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Posted by Cockroach Paul Lee > 2019-09-08 02:09 | Report Abuse
This is road crash......