Stock Name: GPACKET
Company Name: GREEN PACKET BHD
Research House: OSK
Packet One Networks (P1), a subsidiary of Green Packet Bhd, expects to return to the black earlier than expected on stronger subscriber base due to growing interest in the wireless broadband segment, says OSK Research House.
The company would be capturing a bigger share of the wireless broadband segment from WiMAX-embedded notebooks, it said.
Currently, 20 per cent of its total subscribers are from the wireless broadband segment, it said in its research note. The research house said the segment would gain popularity as major PC retail outlets have begin to stock up the models.
"We believe the crowd-pulling events launched by Intel and PI two weeks ago were vital to drum up interest on wireless broadband and to attract tech-savvy mobile internet users," it said.
OSK Research also visited the various computer outlets to make a quick check on interest in the wireless broadband. The findings confirmed most retailers have placed orders for the models expected to be on their shelves by next month.
"We gather that shopkeepers are generally upbeat on the anticipated sales in view of the many enquiries received so far," it said.
Meanwhile, it also maintained "buy" for Green Packet based on the RM1.30 target price. -- Bernama
Company Name: GREEN PACKET BHD
Research House: OSK
Packet One Networks (P1), a subsidiary of Green Packet Bhd, expects to return to the black earlier than expected on stronger subscriber base due to growing interest in the wireless broadband segment, says OSK Research House.
The company would be capturing a bigger share of the wireless broadband segment from WiMAX-embedded notebooks, it said.
Currently, 20 per cent of its total subscribers are from the wireless broadband segment, it said in its research note. The research house said the segment would gain popularity as major PC retail outlets have begin to stock up the models.
"We believe the crowd-pulling events launched by Intel and PI two weeks ago were vital to drum up interest on wireless broadband and to attract tech-savvy mobile internet users," it said.
OSK Research also visited the various computer outlets to make a quick check on interest in the wireless broadband. The findings confirmed most retailers have placed orders for the models expected to be on their shelves by next month.
"We gather that shopkeepers are generally upbeat on the anticipated sales in view of the many enquiries received so far," it said.
Meanwhile, it also maintained "buy" for Green Packet based on the RM1.30 target price. -- Bernama
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