Datokyle Your dad said you have incapability to differentiate what is a penny stock. You mean ur SMTRACK? at a penny price? Seeking to hit jackpot? This ain't 2020 son. Let go ur greed and hope on penny priced stocks tolong son
KUALA LUMPUR: Radiant Globaltech Bhd (RGTech) expects robust growth momentum ahead, backed by accelerated demand for digitalisation of operations in the retail and industrial sectors.
CGS-CIMB Research, in a note today, said higher adoption of digital solutions to automate business processes (operating efficiency) would drive demand as business continuity issues rise in prominence following the Covid-19 pandemic.
"RGTech's future growth will be fuelled by new customer acquisitions both local and overseas, growth plans of clients (new stores and factories), and further digitalisation efforts of existing customers," it said.
RGTech is an ACE-market listed company providing integrated technology solutions for automation and digitalising purposes, targeting the retail, food and beverage (F&B) and industrial sectors.
CGS-CIMB Research said RGTech completed three acquisitions since October 2020, including an 80 per cent stake in Grand-Flo Spritvest Sdn Bhd for RM11.6 million in October 2021.
It has also, in January 2020, signed a joint venture (JV) with Simat Technologies Public Co Ltd to enter Thailand's F&B market.
"RGTech said these acquisitions and the joint venture are expected to create synergies with its existing businesses, widen its product offerings, and diversify its customer base," the research firm said.
CGS-CIMB Research said RGTech does not appear to have any directly comparable peers listed locally, given its exposure to retail and industrial automation technology solutions.
Looking at its 3 years price movement still looking undervalued. Worth to buy and hold into and see what their upside potential comes ahead along with its FA
post mco result is lower than during mco, what a disappointment lack of business synergies from acquired business units, low overseas contribution and laid back management depending too much from 99SP group is not sufficient the only positive is higher cashflow
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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....
damansaraeagle
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Posted by damansaraeagle > 2022-04-06 10:45 | Report Abuse
Industry expert for RGTBHD....... FLY