Expecting more gains for Data#3 after stock bucks sector trend: No sector appears immune to latest market sell-off, but update from Data#3 (DTL) shows there's...
Brendon Lau
Vantage Point Partners
Expecting more gains for Data#3 after stock bucks sector trend: No sector appears immune to latest market sell-off, but update from Data#3 (DTL) shows there's some life in the IT industry with the tech consultancy tipping an increase in 1H pre-tax profit to $4.5m-$5.5m from last year's $3.7m. Might have limited read-through to sector as management said conditions remain challenging but DTL is winning market share. DTL is one of few IT stocks that have broken downtrend (for example against UXC & SMX - see chart). I am expecting more gains for DTL next week following its 12.2% surge to 73.5 cents today.
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I am with Australia's leading small caps investor relations and media relations firm, Media & Capital Partners. I worked as a small caps analyst and journalist prior to MC Partners. Views are my own and should not be regarded as advice or recommendations. I may own securities mentioned in my blogs and seek to do business with companies listed in my write-ups.
Brendon Lau
Associate Director - Investor Relations
Vantage Point Partners
I am with Australia's leading small caps investor relations and media relations firm, Media & Capital Partners. I worked as a small caps analyst and journalist prior to MC Partners. Views are my own and should not be regarded as advice or...
Expertise
No areas of expertise
Brendon Lau
Associate Director - Investor Relations
Vantage Point Partners
I am with Australia's leading small caps investor relations and media relations firm, Media & Capital Partners. I worked as a small caps analyst and journalist prior to MC Partners. Views are my own and should not be regarded as advice or...
Expertise
No areas of expertise
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