a potential counter to hold for mid-long term. as long as the management continue to do well, plus a developing country like Malaysia there's still much room for our telco sector to expand and tap into.
Maxis is the large client of binacom, recently maxis launched new plan and expand the business into fiber optic sector, binacom definitely will have advantage on this expansion.
Result not impressive, overall YOY nett profit are decrease if comparing with last year. We would like to see how Binacom management utilized the Rm50million cash on hand
Seems like the result is not accepted by the market =.= As an IT firm, staff most of the time will have high salary, this quarter is the last quarter of the financial year and staff have to reward with bonus for staff satisfaction, this is the part of reason why the administration expenses fee increased.For long term wise, the revenue is growing.. cannot wait to see how strong they can grow to. :)
Lower revenue due to completion of fibre optic projects in last quarter. (10Mil Gadang MRT fibre optic project so finish recognize). Q218-2.5Mil,Q318-2Mil,Q418-5Mil.
For the rest of the quarter revenue will stay within the range of 11 - 13 Mil. Anyhow business is still good.
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Joshk
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Posted by Joshk > 2018-08-21 15:17 | Report Abuse
a potential counter to hold for mid-long term. as long as the management continue to do well, plus a developing country like Malaysia there's still much room for our telco sector to expand and tap into.