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it took over a timber company, sold off all timber assets.
core business is ERP systems and smart buildings.
sounds futuristic but actually is common. example auto shut off lights when nobody in room. auto control aircon temp and power. it has a lot of potential for growth since green building will become a requirement in a post covid future.
To me, it seems like there is a hidden hand or operator keep suppressing this counter.
On normal day, only small fry buying these share, hardly see buying value more than 100k. que sell only 5k-20k unit each bit.
On the day this counter gaining retailers interest and get into 10 most active counter, share price gaining 2-3 bit then come multiple huge dumping value more than 50k-100k.
Will most retailers sell 2-3 bit up only to gain RM10-RM100 profit if they look at PE and EPS of this counter?
it was taken over by a Dato Liew in 2019, business model changed completely. they had done so well even during mco 1.0, so i believe Q4 2020 will be great as well.
an article that i found especially useful ... go to headlines... find an article "the unsung hero"
price wise 25cents to 26cents will be perfect entry.
however, buying this share has one large problem. malaysian investors all want to goreng only. they all buy 26c, sell at 32c, 40c.
if just on the prospect of digitalization and automation our nation aim post covid-19, ARBB and ISTONE should gain a lot of benefits, but just look this past 2-3 months. The play of both counter are same, 2-3 bits up then 2-3 bits down.
azli, is not hidden hand... its US. everyone buys at 26c then sell at 30c. too many short termnism. thats why this counter cannot move up until good quality investors come in who are willing to grow with this company.
but i do see a light in the end of the tunnel. Continuous good results for another few more quarters will make this company too cheap to ignore.
