TOP 10 REASONS TO BUY REDTONE (0032) BENEFICIARY OF NFCP OR NATIONWIDE FIBERISATION, Calvin Tan Research
Dear Friends, Investors and Traders,
This October 11th 12 MP Budget will Focus on Rm21.6 Billions for NFCP Or NATIONWIDE FIBERISATION
Among the Top Beneficiary apart from Opcom (Fiber Optic Manufacturer) Will be RedTone
The thrust of the NFCP is to bridge the growth of the Malaysian Digital Economy in General and the Rural Economy in particular
And these are the Top 10 Reasons to buy REDTONE
1) REDTONE IS THE SPECIALIST FOR THE RURAL LAST MILE DIGITAL REACH
See
Govt approves RM21.6 billion plan that gives urban, rural folk equal access to Internet
By Bernama – August 28, 2019 @ 4:14pm
KUALA LUMPUR: The Cabinet has approved the implementation of a RM21.6 billion national connectivity plan that gives both the urban and rural population equal access to the Internet in an effort to reduce the digital divide.
In announcing this today, Communications and Multimedia Minister Gobind Singh Deo said the National Fiberisation and Connectivity Plan (NFCP) would also benefit those who might otherwise not have the opportunity to participate in the digital economy, such as farmers, fishermen and the Orang Ali community.
“The government views NFCP as a crucial infrastructure project as well as a strategic effort to enhance the competitiveness of the country and the people of Malaysia in this digital age,” he said.
NOW READ CAREFULLY JOB AWARDED TO REDTONE
OTHERS REDTONE INTERNATIONAL BERHAD (“REDTONE” or “THE COMPANY”) LETTER OF AWARD TO BUILD, OPERATE AND MAINTAIN RADIO ACCESS NETWORK INFRASTRUCTURE IN RURAL AREAS IN SARAWAK AND JOHOR AS PART OF MALAYSIAN COMMUNICATIONS AND MULTIMEDIA COMMISSION’S TIME 3 PROGRAMME
REDTONE INTERNATIONAL BERHAD
Type
Announcement
Subject
OTHERS
Description
REDTONE INTERNATIONAL BERHAD (“REDTONE” or “THE COMPANY”)
LETTER OF AWARD TO BUILD, OPERATE AND MAINTAIN RADIO ACCESS NETWORK INFRASTRUCTURE IN RURAL AREAS IN SARAWAK AND JOHOR AS PART OF MALAYSIAN COMMUNICATIONS AND MULTIMEDIA COMMISSION’S TIME 3 PROGRAMME
1. INTRODUCTION
The Board of Directors of REDtone International Berhad (“REDtone” or “RIB”) wishes to announce that its wholly owned subsidiary, REDtone Marketing Sdn Bhd (“RMSB”) had on 9 December 2014 received the Letter of Award from the Malaysian Communications and Multimedia Commission (“MCMC”) dated 9 December 2014 (“LOA”) to build, operate and maintain radio access network (“RAN”) infrastructure (“Services”) in rural areas in Sarawak and Johor as part of MCMC’s Time 3 Programme (“Contract”). MCMC’s RAN Sharing Time 3 Phase 3 Program is aimed at further providing voice and data connectivity in rural areas of the country.
The salient terms of the LOA are as follows:
1) The total cost and expenses which will be paid to RMSB for implementing the Contract is subject to maximum Ringgit Malaysia Eighty Eight Million Five Hundred Seventy Two Thousand and Eighty One and Twenty Three Cents (RM88,572,081.23) only.
This announcement is dated 9 December 2014.
SO REDTONE WILL BE CHUN CHUN FOR GETTTING MORE RURAL INFRAR JOBS AGAIN
2) REDTONE IS CASH RICH
REDTONE HAS RM51.76 MILLIONS CASH AND A SMALL DEBT OF RM1.66 MILLIONS
SO IT HAS A VERY HEALTHY BALANCE SHEET LIKE PENERGY, SCOMIES & OPCOM
3) REDTONE ALSO PAYS A DIVIDEND OF 1 SEN
IT HAS 6.7 SEN IN NET CASH. AND IF REDTONE EARNINGS INCREASE WE CAN EXPECT INCREASE PAYOUT OF DIVIDENDS TO FOLLOW
4) REDTONE AT 48.5 SEN IS TRADING AT NEAR HALFWAY MARK FROM ITS HIGH AT 87 SEN TO ITS RECENT LOW OF 15 SEN (If we take 87 sen and add it with 15 sen then divides by 2 the half way mark is the exact intraday high of today at 51 sen before closing down at 48.5 sen
SO REDTONE IN ITS HISTORICAL CONTEXT IS STILL UNDEMANDING IN PRICE
5) UMOBILE BOSS TAN SRI VINCENT TAN & JOHOR SULTAN ARE TOP 2 HOLDERS OF REDTONE
Refer to Annual Report of REDTONE
SUBSTANTIAL SHAREHOLDERS’ SHAREHOLDINGS OF REDTONE
No. of Shares Held No. Name Direct % Indirect %
1. Juara Sejati Sdn Bhd 344,612,912
2. Berjaya Group Berhad – – 386,812,912
3. Berjaya Corporation Berhad – – 386,812,912
4. Tan Sri Dato’ Seri Vincent Tan Chee Yioun 7,000,000
5. DYMM Sultan Ibrahim Johor 134,000,000 –
THESE SHARES WERE ACCUMULATED FROM YEAR 2015 AT MUCH HIGHER PRICES FROM 65 SEN TO 75 SEN FROM REDTONE FOUNDER WEI CHUAN BENG
TSVT WAS AN EXPERT IN TELCOS. HIS DIGI WAS AN IMMENSE SUCCESS WHICH HE SOLD OFF IN A TIME OF NEED
THEN HE FOUNDED U-MOBILE ANOTHER RUN AWAY SUCCESS (ONE OF CALVIN’S 2 SMART PHONE IS REGISTERED WITH U-MOBILE)
AND THERE IS SYNERGY BETWEEN REDTONE & U-MOBILE, PLUS ALL OTHER COMPANIES OWNED BY THE BERJAYA GROUP
(Just as PUBLIC BANK Synergy with Lonpac Insurance (LPI). Everyone who takes housing loan from Public Bank must take insurance from LPI)
TSVT HAS THE UNCANNY KNACK FOR PICKING OUT GREAT COMPANIES – ONE OF THEM IS MAGNI-TECH WHICH HE BOUGHT WHILE CHEAP AND SOLD FOR GOOD PROFIT
THIS REDTONE WILL BE ANOTHER FUTURE SUCCESS
6) REDTONE IS SO CONFIDENT OF ITS OWN PROSPECT THAT IT EVEN USE SURPLUS CASH FOR SHARE BUY BACK
19-Dec-2016
19-Dec-2016
Buyback
1,000
0.295
0.295
19-Dec-2016
19-Dec-2016
Buyback
1,000
0.295
0.295
01-Jul-2016
01-Jul-2016
Buyback
1,000
0.400
0.400
01-Jul-2016
01-Jul-2016
Buyback
1,000
0.400
0.400
04-May-2016
04-May-2016
Buyback
40,000
0.520
0.530
04-May-2016
04-May-2016
Buyback
40,000
0.520
0.530
29-Apr-2016
29-Apr-2016
Buyback
100,000
0.530
0.535
26-Feb-2016
26-Feb-2016
Buyback
300,000
0.515
0.525
29-Jan-2016
29-Jan-2016
Buyback
153,100
0.535
0.560
28-Jan-2016
29-Jan-2016
Buyback
376,000
0.510
0.560
28-Jan-2016
28-Jan-2016
Buyback
222,900
0.510
0.540
23-Dec-2015
23-Dec-2015
Buyback
1,000
0.620
0.620
23-Dec-2015
23-Dec-2015
Buyback
1,000
0.620
0.620
18-Sep-2015
18-Sep-2015
Buyback
42,000
0.650
0.660
15-Sep-2015
18-Sep-2015
Buyback
192,000
0.620
0.660
15-Sep-2015
15-Sep-2015
Buyback
150,000
0.620
0.650
09-Sep-2015
09-Sep-2015
Buyback
150,000
0.580
0.590
09-Sep-2015
09-Sep-2015
Buyback
150,000
0.580
0.590
30-Jul-2015
30-Jul-2015
Buyback
1,000
0.720
0.720
ACCORDING TO ITS LATEST QTR RESULT REDTONE HAS 9.5 MILLION TREASURY REDTONE SHARES VALUED AT 59.5 SEN
SO AT 48.5 SEN WE ARE GETTING IN CHEAPER
7) REDTONE FOUNDER EVEN AFTER DISPOSING MAJORITY SHARES TO TSVT & JOHOR SULTAN STILL IN TOP 30 HOLDERS OF REDTONE (THAT MEANS HE STILL BELIEVE IN HIS OWN VISION.
See
At Top 4 position
4. Inter-Pacific Equity Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Wei Chuan Beng 14,883,000 (HE DIDN’T SELL ALL BUT KEPT SOME REDTONE SHARES)
IN FACT AFTER SELLING TO TSVT IN YEAR 2015 WEI CHUAN BENG EVEN BOUGHT BACK REDTONE SHARES FROM THE OPEN MARKET
See
DATO WEI CHUAN BENG
05-Dec-2016
Acquired
2,000,000
0.000
DATO WEI CHUAN BENG
11-Jul-2016
Acquired
22,300
0.355
DATO WEI CHUAN BENG
08-Jul-2016
Acquired
40,000
0.363
DATO’ WEI CHUAN BENG
31-May-2016
Acquired
21,000
0.462
HE HAS BEEN HOLDING THESE SHARES SINCE YEAR 2016 AS HIGH AS 46.2 SEN (AFTER 3 YEARS NOW WITH MARGIN INTEREST COST HIS HOLDING COST MUST BE NEAR TODAY CLOSING PRICE OF 48.5 SEN
See at No. 6
6. Maybank Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Wei Chuan Beng 7,546,900
notice the word Pledged Securities? That means he bought on margin
7. AT LAST QUARTER 0.8 SEN EARNING IF WE ANNUALISED IT TO 3.2 SEN PROFIT
AT 48.5 SEN REDTONE HAS A CURRENT GROWTH OF 6.5% or PE of 15.15
WHAT ABOUT THE RM21.6 BILLIONS NFCP GAME CHANGER?
REDTONE WILL DEFINITELY SHOW EXCEPTIONAL GROWTH GOING INTO THE DIGITAL ECONOMY EXPANSION INTO ALL NOOKS AND CORNERS OF MALAYSIA
8) IN THE RM30 BILLIONS CAPEX FROM PETRONAS 5 OGSE DID EXCEPTIONALLY WELL
BOTH DAYANG AND CARIMIN STOOD OUT
DAYANG UP MORE THAN 200% FROM 50 SEN TO ALMOST RM1.70
CARIMIN UP FROM 39 SEN TO CROSS RM1.10 TODAY
NOW RM21.6 BILLIONS FOR NATIONWIDE FIBERISATION WILL SIMILARLY PROPEL EARNINGS GROWTH THE DIGITAL ECONOMY STOCKS LIKE OPCOM, NETX & REDTONE
IF WE EQUATE OPCOM WITH DAYANG = CAN WE EQUATE REDTONE WITH CARIMIN?
CALVIN THINKS HIGHLY POSSIBLE AS RM21.6 BILLIONS JOB AWARD INTO THESE FEW STOCKS WILL GREATLY ACCELERATE UP THEIR EARNINGS TO MULTI YEAR HIGH
9) CARIMIN MEANS CARI FOR SEARCH & MIN FOR MINYAK = SO CARIMIN HAS FOUND ITS POT OF OIL (GOLD)
AND REDTONE?
A COMPOUND OF TWO WORDS
RED As in RED HOT
TONE = The Tone of Voices Fill With Wild Excitement
SO REDTONE MIGHT ONE DAY BE RED HOT HOT ON THE LIPS OF ALL ON HAND PHONE AND SMART PHONE WITH VOICES WILD WITH THE TONE OF GREAT EXCITEMENT
10) AT 48.5 SEN CALVIN HAS A TARGET PRICE OF RM1.00 FOR REDTONE IN ONE YEAR’S TIME WHEN NFCP IN FULL SWING
AHA!
I CALLED FOR A BUY ON CARIMIN AT 39 SEN AND TOLD PEOPLE TO SELL CARIMIN AT 80 SEN
BUT THEY STILL CHASED CARIMIN OVER RM1.10 = THEIR EARS ALL DEAF TO MY TONE OF SELLING? THEY ARE SO ENGROSSED WITH CARIMIN THAT THEY CAN’T HEAR ANY TONE ON THE PHONE?
WAHAHA!!
SOMEDAY YET AHEAD REDTONE, TOO, MIGHT TURN RED HOT & WILL THEY HEED CALVIN’S SELL CALL?
UNTIL THEN
BEST REGARDS
FROM SINGAPORE
Calvin Tan Research
Please buy or sell after doing your own due diligence