Why epf buying? Simple, the contract awarded or jobs have confirmed profit in second half. This bet has much higher reward than risk. Why pnb is selling at above .30? Simply cashing out some of their capital injection with a profit. Anything abive .30 is profit for the right issue cos of free warrant. The bail out was to buy time to wait out the industry recovery.
Stock: [VELESTO]: VELESTO ENERGY BERHAD
2019-05-22 07:31 | Report Abuse
Why epf buying? Simple, the contract awarded or jobs have confirmed profit in second half. This bet has much higher reward than risk. Why pnb is selling at above .30? Simply cashing out some of their capital injection with a profit. Anything abive .30 is profit for the right issue cos of free warrant. The bail out was to buy time to wait out the industry recovery.