From the reading and research I found they are solutions provider or in layman term an integrator.. Many businesses need solutions provider rather than piece meal item..
If so good go secure contracts from citibank, jp morgan lor. So what you have patented products but with no market demand? Secure 500 million usd contract lar. Maybe can push the stock at least rm2.50 more
as comparisons...Cyberfort software in US also a cyber security companies..have no revenue , still developing technology , continuously no profit for past 5 years...price can be as high as RM 1.60 refer to https://www.marketwatch.com/investing/stock/cybf/financials ....BSKL have lot of companies performing lot better then US companies but our investor are not well informed and more looking for daily cari makan only..
Most malaysian IT stocks flop mah. Very few perform like gtronic n revenue. You cannot compare malaysian market with US. You find big names companies in silicon valley. Those big names also household brands like facebook, apple, google, amazon. Households around the world some more mah. Malaysia got those brands or not? Plus market is determined by sentiment. Even company make money but investor no make money, what for? Why have to wait 5 years only to pay for many opportunity costs out there? What happen if 5 years later still flop? Worse some more if it become super super penny stock n even get gn3? What happen to our money?
First thing must get rid operators lor. If market still have cibai operators like victor n kyy also no use. Since ipo how many times the price movement is bigger than 2 sen? Price range always between 39 sen to 41 sen. Like this how to make money?
It may be a fake breakout bcoz volume so low. The price could go back to 39-41 sen. Once you profit sell your stock before operator dump their stock to you
If long term outlook now is the best time , since cybersecurity business are expected to grow at CAGR of 45%. But for trading i'm not sure..since i go for long term outlook.
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....
BetterTomorrow
1,210 posts
Posted by BetterTomorrow > 2018-11-21 10:03 | Report Abuse
forget a bout this counter, many ipo coming soon. since owner and operator want it so bad. let them have it forever