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.

EKOVEST : Maket Cap 1469 million. NOSH 2696 million.
IWCITY : Market Cap 705 Million NOSH 921 Million.

Market Cap 209 million.
NOSH 790 million

Looks like Eddie is on the move again in another one of his other ventures.

Hextar Industries buys office supplies firm.
https://theedgemalaysia.com/node/681393

It is going to look promising. Don't worry about the up and downs. Just your normal up trend wave. It has a lot more waves to go. This is only the start.
"Mah Sing is confident to achieve its minimum sales target of RM2.2bn whereby RM1.2bn were already achieved in 1HFY23. Additionally, 2023 and 2024 will see the completion of several projects which will generate free cash flows amounting to RM420m and RM530m respectively. We expect Mah Sing to register net earnings of RM209.5m and RM221.9m for FY23 and FY24 respectively underpinned by strong unbilled sales of RM2.34bn and higher revenue recognition in 2HFY23. The company’s balance sheet is manageable with net gearing of 0.1x as at 1HFY23."

What is the game plan on the buy back? I can't seem to come up with a logical reason. Any ideas?

If you got no confidence and blink it might be too late to catch it.

CEO buying.

Don't wait for the news buy on rumour, sell when news is out.

Thanks to Zahid DNAA, the market is alive giving the brave ones a chance to get in. Maybe green wave on the weekend.

The son is RED HOT.

The son is RED HOT.

It is hot. Vol is up. Mother touch 0.30, you will be into lobster

If it get to 0.48 that is the time to get in again.

The son is hot

Todays market is just a reflection of the DNAA decision handed out.

Listen to BFM on 15 stocks in the construction. Next boom - construction.
https://klse.i3investor.com/web/blog/detail/bfm_podcast/2023-09-04-story-h-240946291-15_Stocks_That_Were_In_The_Headlines_In_2023

Listen to BFM on 15 stocks in the construction. Next boom - construction.
https://klse.i3investor.com/web/blog/detail/bfm_podcast/2023-09-04-story-h-240946291-15_Stocks_That_Were_In_The_Headlines_In_2023

Listen to BFM on 15 stocks in the construction. Next boom - construction.
https://klse.i3investor.com/web/blog/detail/bfm_podcast/2023-09-04-story-h-240946291-15_Stocks_That_Were_In_The_Headlines_In_2023

Need alot more incentive & maybe some govt injection of funds to fix this problem at Forest City.

The treasury holdings of shares is getting exceptionally high.

Looks like retracing back to 0.75 before the next run.

Something is cooking.

Must be the hype on ghost town Forest City.

Are we expecting a +ve call from Bursa? Why the run today?

Warrant C37 expires 29/9. Need 0.56 on mother to break even.

Time to start closing some steel deals.

Good move 0.82 looks like top of the up trend line.

The candle still looks good. It will have to come all the way down to 0.545. If it closed anywhere between 0.56 and 0.58 or higher it is going to be further up on monday.

TA TP 0.95. Rakuten TP1.00. So just keep collecting.

They are taking profit now so they don't have to pay to pick up their buy order.

Looks like a couple of panic sellers getting out. TOO HOT.

PP are more like inside trading. They are definately not looking for your 10% or 20 % profit. They would have been fed alot more information on future prospects.

Slighly higher than the usual turnover.

TP today 0.62. Come back in the afternoon.

Can't see Eddie sitting on 25% instead of 29.1% after the SSP deal. Can imagine he will be buying up big to built up his holdings after being diluted.

Datasonic's 1Q profit rises on higher revenue from supply of smart cards, passport and personalisation services.
https://theedgemalaysia.com/node/680843

Datasonic Group Bhd posted a 58.21% gain in net profit to RM19.04 million for 1QFY2024 from RM12.03 million a year earlier, on the back of higher revenue. Earnings per share increased to 0.67 sen from 0.42 sen. Revenue rose 32.36% to RM84.82 million from RM64.08 million, with RM75.77 million of the amount derived from the supply of smart cards, passport and personalisation services compared with RM55.8 million previously. The group has declared a first interim dividend of 0.60 sen per share, compared with 0.25 sen per share a year ago.
https://theedgemalaysia.com/node/680876

Ekovest Bhd has proposed to undertake a private placement of up to 10% of its issued shares to strategic and/or institutional investors to raise up to RM117.27 million — mainly to fund the construction cost of the Rapid Transit System (RTS) Link project. The placement, to be implemented in tranches, entails the issuance of up to 269.58 million new shares, with the issue price of the first tranche fixed at 43.5 sen per share, representing a discount of 4.35 sen or 9.09% to the group's five-day volume weighted average market price up to and including Aug 29 of 47.85 sen per share. The issue price of the remainder of the placement shares is yet to be fixed, but is assumed to also be at 43.5 sen, which could raise a total of up to RM117.27 million for the group, of which RM86 million will be used to partially fund the RTS Link. Of the balance, RM28.47 million will be used for working capital and RM2.8 million to defray the placement's expenses.
https://theedgemalaysia.com/node/680876

Potentially should be heading towards min $1.00. Look like paktua73 is going to see his 0.93 soon.

Change of name to Hextar Capital Berhad very soon.

TA securities has raised the target price from 71 sen to 95 sen, and maintained the rating of "buy".

Ekovest Construction Sdn Bhd, a wholly-owned subsidiary of the Company (“ECSB”), had on 5
July 2022 accepted the Letter of Award by Adil Permata Sdn Bhd (“APSB”), the appointed main
contractor of Malaysia Rapid Transit System Sdn Bhd (“MRTS”), to participate as the engineering,
procurement and construction contractor for the RTS Link project, for a contract sum of RM1.979
billion. The contract sum was subsequently reduced to approximately RM1.43 billion following a
reduction in the construction scope for the project.
The RTS Link project includes, among others, the construction of a railway shuttle link measuring
approximately 4 kilometers (“km”) (Malaysia: 2.7 km and Singapore: 1.3 km) connecting Bukit
Chagar, Johor Bahru and Woodlands Singapore. The RTS Link will be a modern light rail transit
system which will provide high volume, fast and efficient transportation system between the two
(2) stations. The link will be integrated with public transport systems at both stations, providing an
alternative means of transportation that is expected to help alleviate the congestion at immigration
checkpoints for both countries.

That is some volume for this slow moving counter.

Broke through the RHB 0.50 resistance level and now heading to crack their next level at 0.54

This is only RTS not HSR. That is a different exercise. If they are in Bandar Malaysia in any way this will sky rocket.

We now know for sure Ekovest has got the RTS job as well as the actual buildings, immigration customs, and RTS links with light rail transport and stations. No small job.

Ekovest is the main contractor of the Malaysian Rapid Transport System (MRTS) valued at RM1.979 billion. The proposed private placement is expected to raised $117,268,518. The price for the private placement has been fixed @ 0.435 per Ekovest share

Better take a break and come back on Friday.