Please be reminded that this is NOT a ”pump and dump” motivated article nor a recommendation. It is just my comprehensive studies on this interesting company. Please seek advice from licensed investment representative for the recommendation!
As we all can see my comprehensive studies on these stocks - MINETECH and SYMLIFE have resulted skyrocketing in their share prices!
So, my next comprehensive studies is on OMESTI.
Yes, the share price has gone up a lot since the crash in March 2020 but has also taken into correction recently. Interestingly, OMESTI is not a finished article yet! The stock could make a comeback to its historical high of RM0.90 to RM1.00 given its exciting developments! We could pay high at current price of 53.5sen based on historical earnings but pay cheaper for its earnings prospects this year and next year!
Like Minetech, there have been changes in shareholders' interest of late in Omesti, which saw both vice Chairman, Dato' Mah Siew Kwok and Executive Director, Monteiro Gerard Clair have increased more their stake in Omesti and since March 2020, besides Non Executive, Dato' Sri Thong Kok Khee!
The increase of their stakes in Omesti seems to have confidence in Omesti's prospects. Apparently, it has also indicated a contract win. For example, Dato' Mah Siew Kwok had added more shares on 7th and 8th April 2020 just before the announcement of contract award from Telekom on 9th April.
AND again this week alone, 21st and 22nd April 2020 Dato' Mah Siew Kok added more shares of Omesti at cost of 54sen.
With 5G coming to rollout, Omesti's Business Support Systems (BSS) is vital to telecommunication and technology companies! The BSS are designed for application with CRM and billing activities, primarily in both telecommunications and technology sectors. Evidently, Omesti has been appointed by Huawei and is a privilege and a signification to be given an access to the technology giant’s extensive portfolio of cloud and IoT solutions.
And again recently a contract win for its BSS from Telekom for the design, development, customization, configuration, delivery, installation, integration, conversion, migration, testing, commissioning & Training for TM BSS for a duration of 2 years.
Therefore, in the near future, we could expect Omesti to secure more contracts win due to the progress of 5G rollout particularly from telecommunication and technology sectors from both local and regional.
Yesterday, GSM Association (GSMA), which represents the interests of mobile operators worldwide, is confident of Malaysia’s progress in rolling out the fifth generation (5G) technology despite a slight setback caused by the COVID-19 pandemic. https://www.theedgemarkets.com/article/gsma-confident-malaysias-5g-progress-despite-setback-caused-pandemic
During
an online media briefing yesterday, GSMA's head of Asia-Pacific Julian
Gorman said Malaysia’s push for 5G included bringing together the
government, regulatory body and operators, which put the country in the
best position to achieve that goal.
https://klse.i3investor.com/blogs/fatprofitstock/2020-04-24-story-h1506106906-MY_PROVEN_WINNING_STOCKS_AND_MY_NEXT_STOCK_IS.jsp
