There is a limit of how far it can keep running before pulling back. Can't see it going past 1.30, might get 1.10

Junior was waiting for his father to stand aside so he can be the next YDPA. It's been done before.

Low 0.60 will take us back to 2019 previous highs, which is the time to get out and wait for further new development before the next run.

No action here, low turnover!

Managing Director sold 2Mil @ 0.5975. This means his holding % will be further diluted post PP.

You can't go wrong if they are doing buy back up to 0.47.

Why don't they give some money back to shareholders if they got no use for it?

Cannot die. It has got an up coming PP. Maybe die after that.

Those were the days of the glove boom, and their entry into glove manufacturing with their own factory.Big lion dance on their entry to con investors. Price shot up for awhile before it came tumbling down and has never seen their high again.

The Directors have no ideas except wasting our cash supporting this with buy back. Should have invest that in some income generating venture.

Don't forget Durian plantation. That was Lim's way of getting back into his long lost interest in plantation.

JamalHussien
Thanks, you have done your research. Good questions.

This is not an investment stock. Get rid of it, waste of time.

They will sell first then pick up their PP @ 0.415.

Better start picking up some MRCB. Bucket list - trip from Singapore to Bangkok.

That 31% is back in July, before the SPP deal.

Latest buy back is @ 0.47.

Malaysia Day!

gooman
Where have you been? You are a bit late. Why do you think their price have drop?

Forest City: Of cleaners outnumbering shoppers in four-storey mall, hotels largely unoccupied.
https://focusmalaysia.my/forest-city-of-cleaners-outnumbering-shoppers-in-four-storey-mall-hotels-largely-unoccupied/

Can't see this going below 0.68

They are still doing buy back @ 0.465!

It is going to be a bit hard to get to 0.80 in the short term. Too many sellers.

Might be able to get it cheap but you will be stuck here for a long time. IMHO

Just need some good news to come out of the Singapore meeting.

The big thing was Silterra, wafer chips then Ping Petroleum. We have no updates. Just eating our hard earned cash away.

According to their proposal doc they are valuing it at possible 0.4150. This will be rock bottom price (look at the charts). Not very smart. Why do this exercise at this level if you need the money.

HSR revival will spawn huge projects, construction sector to gain.
https://www.freemalaysiatoday.com/category/business/2023/09/13/hsr-revival-will-spawn-huge-projects-construction-sector-to-gain/
Is Botak in the RFI?

There is still no update on all the other ventures. Will have a hell of a big volume of shares after this exercise.

Need more news injection to fire this up further. It is just going to consolidate at this level for awhile.

Trying to shake off all the loose hanging monkeys that are in for a free ride.

Sorry, not picking on you. Just took it a little bit too seriously with all that action yesterday.

cmiko888
We are waiting for your news.
Yea.. Wait for "announcement after 3pm".. Not sure which day..

For news, come back on the 27 Oct.

What are you all pulling? Get real. The market is not anticipating any good news.

The selling is over. Time for the next wave up.

Yes, Bandar Malaysia. Reminds me of the big celebration with Botak, Ministers and Chinese partners showing off their proposals with Lion dance. They will need this to super fire up Ekovest. Bandar Malaysia + HSR. Then everydody will be laughing all the way to the bank, including us investors,

Don't forget this was already down yesterday. PP valued 0.435. Can't go too far down. There has to be some incentive for them to get on.

So must be not good for the price this morning with that volume of shares floating around. 10 % drop?

It's a RED WAVE everywhere. 622 Red, 253 Green. Come back another day.

They are trying to stop it from doing too fast a run up to 0.80. 0.80, 0.83, 0.90 will be there sooner or later.

US market stronger than the Johor effect.

Gone to sleep.

They are more than likely institutions and fund managers. They aren't looking for your quick 10-30% profit.

I thought it was going to be a green wave, on the weekend as well as monday.

Mah Sing diversifies into industrial real estate.
https://www.nst.com.my/business/2023/09/952359/mah-sing-diversifies-industrial-real-estate

flytothemoon
You are being a bit silly. Anyway, let it go. Thanks

Was questioning the logic of the COMPANY doing share buy back, not us shareholders. They are still buying as it goes up.

Worst is over for glove makers, says Kenanga Research.
https://www.freemalaysiatoday.com/category/business/2023/09/06/worst-is-over-for-glove-makers-says-kenanga-research/

Here we go again back to 0.83 heading for the top of the trend line of 0.90 before retracing for the next up run.