It's above Hong Leong Investment Bank forecast net profit of RM 9.3 million for the whole year. 9 months year todate net profit is RM 7.458 million which is already 80% of whole year forecast profit . Good results.
I heard from my banker friends, it was kenanga funds that bought into Revenue. Looking at the past volume and share price. Looks like they have multiple financial institutions invested in Revenue. The price have been sustaining at the range of RM1.20 to RM1.25 range.
The enter of kenanga have set the benchmark at RM1.25 (or if based on Monday closing of RM1.24). Long term is good for the company. Looks like a lot of funds are trying to get in before the big boys come in when they go mainboard.
Looking at their latest Q result, im surprise they are able to sustain the profit. The transaction revenue drop in Q3 as compared to Q2 by about RM0.8mil. But there is a further increase in the EDC segment by RM2.3mil. Assuming their rental income is about RM1mil per month (RM3mil for Q3), the total sales of terminals will be RM6.2mil, there will be an increase by about at least RM2mil in the sales. Looks like the project with Public Bank is pushing them up now.
Their business strategy is definitely bearing fruits now. Can’t wait to see how the two new acquisitions and consolidating of the 75% subsi will help out in the overall business and profitability moving forward.
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....
426845217802980
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Posted by 426845217802980 > 2019-05-02 16:32 | Report Abuse
keep for long term, tis stock can fly