What’s up ladies and gentlemen. The government recently launched the National Digital Network (Jendela), a digital infrastructure plan that can meet the needs of digital connectivity and prepare the country for a gradual transition to 5G technology.
Jendela’s first phase will start with the expansion of 4G mobile broadband coverage from 91.8% to 96.9% in densely populated areas. Mobile broadband speed will also increase from 25Mbps to 35Mbps, allowing 7.5 million houses to use gigabit fixed-line broadband.
This will also witness the phased termination of 3G network until the end of 2021 to expand the 4G network consolidate the foundation of 5G.
What is the benefit that ITRONICS will get from this plan?
Industronics Berhad and its subsidiaries operate as an electronic company. The company operates in five segments: Telecommunication; Security Systems, Mechanical, and Electrical Engineering; Electronics products; Fabrication and Manufacturing; and Other Operations. The Telecommunication segment is engaged in the supply and service of telecommunication equipment, audio visual multimedia systems, intelligent transportation systems, and system integration projects involving information communication technology.
The recognition of Malaysia as an investment destination depens on a promising environment, a well-developed infrastructure and a sound financial system, coupled with Malaysia’s strategic location, which should help the Zodiac to establish a good global industrial chain connection.
DATUK CHU BOON TIONG JUST GOT INTO ITRONICS VIA PRIVATE PLACEMENT RECENTLY AND HE IS THE CHAIRMAN OF ZODIAC
There is something that will give benefit for both companies as their future planning will involving the partnership for 5G chips production.
Let see the technical side of Itronics responding to this story
Since Aug 2020 the price surge 225% from 10.5c to 37c high. Not enough for us to see the big potential? Let see how the trading volume responding to this price movement
Well, from July 2020 the volume aggressively increase. The big traders progressively increase their stake and continuously push the price.
Considering all the above factors, I think the current price of ITRONICS is attractive for the following reasons:
1) 5G sector is the next big thing! Partnership with Zodiac will bring this stock to the next level of tech player
2) Technically the chart shown us how aggressively the price break every resistance. The next bullish movement are heading towards the next resistance at 0.44c
3) Potential to reach 0.50c in nearest time. We rate this stock as BUY
The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.