Still 2 sens below IPO....even the owners lack confidence in the business...but gradually profits have gone up...touching 6 million for 9 months.. Got out...will wait n c....1st.
Best advice...wait n c.. From day1 this stock has shown weakness.. Share price has dropped from 64 to 44... Unless owners buy up...its not gonna go anywhere....so why bother.. So many other better stocks in the market..
Telco now is fierce competition and maybe heading towards razor thin margin to protect market share. Thus, may have impact on the maintenance outsource to Binacom if Binacom demands the same margin for its services.
With Gobind Singh (new multimedia and communication minister) pushing for "double the internet speed and half the price". And extend bigger internet coverage in new Malaysia, I believe Binacom stands to grow further
Just checked IPO prospectus, Tan Yee Boon is only independent Non-executive director, it has 500,000 shares stated in the Prospectus, he disposed off all his position. My view is no concern.... any different opinion ?
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....
newbie8080
2,768 posts
Posted by newbie8080 > 2018-04-23 17:05 | Report Abuse
0.40 looks good to buy