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BBs likely still around. Just that it maybe a hard time for weak holders. 24/3 volume done was about 26m. Yesterday was slightly half. See how it react mid next week.
BB run road liao........... Leave the retail investors stuck at 40c................
If this does not close above 39.0c, there maybe more selling for the next few trading days. Price marker set 39.0c now.
Next support around 37.0c.
DOW was OK, STI is green. Why today fall ?
Last 2 days when DOW and sti not so good, it went up so much.
Maybe profit taking - resume up after that. :
)
Fantastic counter.... Comes crashing down again......... Feel for those who went in at 40c..........
Brighter prospect and recovery!
mic1838 ( Date: 24-Mar-2010 15:56) Posted:
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Hope so, some really good news. very strong. Up again.................
Cheers !
Upcoming Dual Listing announcement?
Today best ending day - 4 cents up.
Tomorrow continue :)
Maybe dual listing..
Ya, I am the one patiently holding, finally cheong! But not going to exit so early, just starting...hee hee!
moneycow ( Date: 24-Mar-2010 16:01) Posted:
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Could be some really good news being leaked.
Suddenly cheong so much :)
Those patiently holding on will be rewarded handsomely :)
Some one bought 2000L in 1 go..... What is happening to this counter???
Keep for very long term.
moneycow ( Date: 24-Mar-2010 13:16) Posted:
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Could it be that some good news leaked out before they are formally announced ?
Some big contract on China's 3Gs or perhaps even , like others, they may have decided to dual list in Hong Kong market as well ?
Speculations. But its due time. Solid cash. or more then 100 Millions.
and lots of terms maintenance contracts and setting up of pay IP TV etc etc............
Finally momentum come, waited so long, this time really cheong! 0.40 reaching soon.
I am hoping this one can reach 40cents soon..... Their recent results are not bad, but the share price still not moving up...... I wonder why....
It seems to have some support at 0.33, not moving for so long, but the longer it is, the more explosive it will be when it breaks up. Think have to wait patiently till it has accumulated enough, then the sun will come out. Recently move to 0.35 maybe hinting more upside since market has reversed northwards.
Will this stock move up?? Some expert please give advice..
SGX-listed DMX FY2009 net profit rose 162.1% to US$9.4 million; on record US$190.4 million revenue, improved financial controls
- Revenue from growth engines, Digital Media group (+30.3% year-on-year) and Managed Services segment (+36.7% year-on-year)
- Generated positive cash flow from operations of US$14.8 million
- EPS rose by 111.8% to 1.44 US Cents
- Completed KDDI transaction to enhance business positioning and emerge as leading telecom/media solutions provider in Asia
- Outlook: Directors optimistic about DMX’s profitability in FY2010
Singapore, 26 February 2010 – DMX Technologies Group Limited (“DMX” or the “Group”) announced today a 162.1% growth in net profit after tax to US$9.4 million for the year ended 31 December 2009 (“FY2009”) from US$3.6 million a year earlier, reflecting its success in expanding its twin engines of growth – Digital Media and Managed Services – and improved financial controls.
The Singapore Exchange Mainboard-listed leading information technology enabler and digital media solutions and services provider’s net profit was achieved on record-high revenue of US$190.4 million in FY2009, up 10.2% from US$172.7 million a year earlier. Revenue in the Group’s seasonally strongest last quarter, 4Q09, soared to US$56.5 million from US$49.3 million in 4Q08, lifted by new contracts secured in Digital Media and Managed Services.
On a full-year basis, the Digital Media group grew 30.3% and Managed Services segment grew 36.7%; contributing to 35.6% and 7.2% of total revenue respectively.
Geographically, China remained the largest market delivering 72.8% of FY2009 revenue. Revenue outside China grew by 2.6% on increased contribution from Indonesia.
With continuing improvements to the overall revenue mix in FY2009, gross margin remained within range at about 26.3%. Total operating expenses and finance costs declined as cost control initiatives took effect.
DMX generated positive cash flow from operations of US$14.8 million in FY2009, on better receivables, payables and inventory management; against a negative cash flow of US$8.5m in FY2008.
Net profit attributable to equity holders for FY2009 was higher at US$8.5 million compared to US$3.2 million for FY2008 while FY2009 net margin improved to 4.93% from 2.07% last year.
Earnings per share for FY2009 rose by 111.8% to 1.44 US cents from 0.68 cent in FY2008. Nett asset value per ordinary share, on an enlarged share base of 1,127,569,719 shares, was 28.83 US cents versus 34.72 US cents on 531,410,184 shares a year-ago.
Commenting on the results, Ms Jismyl Teo, DMX’s CEO, said, “We are very pleased with the progress of our overall businesses which continue to gain traction despite challenging conditions. Besides yielding significant earnings improvement in a soft market, we also improved our cash flow from operations.”
DMX’s results are being released less than three months after shareholders approved a 50.1% acquisition of the Group by Tokyo Stock Exchange-listed KDDI Corporation (“KDDI”) in November 2009, in line with the Group’s strategy to emerge as a leading Asian telecom/media solutions provider. The transaction allows DMX to tap on the innovation, expertise and knowhow of KDDI across different markets, services and products; thereby enhancing its product offering.
On the outlook for FY2010, Ms Teo said, “DMX enters into FY2010 with cash and cash equivalents of over US$148 million, total equity of US$326 million and as a subsidiary of a leading telecom service provider in Japan with a comprehensive suite of products and service ranging from voice-to-data as well as total Information and Communication Technology solutions in the fixed and mobile segments. The strong financial position and corporate developments place DMX in a solid position to facilitate growth.”
With IT spending forecasted to return to normal level after a tough 2009, the Group sees burgeoning opportunities for network solutions as well as other value-added services in its Infrastructure Enabling business.
Likewise, as the government in China liberalises the services offerings of telecom operators, DMX anticipates that the “cross-over” of services will enlarge the market potential for its Digital Media business.
“Led by the continuing strong performance of our business activities over the past few quarters, our financial strength and the synergies to be availed by the recent merger and acquisition activity, we remain optimistic about DMX’s profitability in FY2010,” she added.