I admit i am dumb to buy it at 0.57, well still holding now due to my belief on its potential to be 5G facilities installer, hope new year this stock can huat. Its unlikely to fall below 0.37, new year kasi huat huat
If you always follow the volumns and trading for binacom, it is not difficult to tell they are trying to clear those impatient investors or contra players as much as they can for this moment... there could be a good news or good future coming soon.. :)
Expected to go downtrend , this is nothing new and will go down again this quarter and next quarter from couple of reasons. Trump 90days executive power on HW, HW global lower sales n profit, equipment related to 5G halted worldwide except for few countries. I don't ask you to buy or sell as it is your judgement and your money.
“The Fibre Optic Network segment engages in the installation and commissioning activities, including laying of fiber optic cables, as well as installation of related network equipment; and provision of operations and maintenance services for fiber optic network equipment. This segment also offers call center services, such as technical support for its gateway customers. Binasat Communications Berhad was incorporated in 2017 and is headquartered in Kuala Lumpur, Malaysia.”
There is an abnormal behavior of latest QR report.
Revenue per Q only RM 12 mil but there is significant increase of trade receivable of RM 7.5 mil in last Q as per cash flow statement. Please check the latest QR and last Q report, you will notice this abnormal.
The current Q report registered lost due to impairment of RM 1.4 mil Total trade receiveable for latest Q is RM 27 mil. equal to half yr revenue. Not sure how much it will write off from the trade receivable in future.
As per previous QR cash flow statement : Net change in cash and cash equivalents is positive RM 2.7 mil As per current QR cash flow statement : Net change in cash and cash equivalents is negative RM RM 5.708 mil.
There is reason why one CFO resigned in Dec last Yr and the new CFO resign in July19 after working for 7 months.
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....
Earthwood ...
51 posts
Posted by Earthwood ... > 2019-01-22 15:27 | Report Abuse
gogogo!!