On the 22nd of June AA requested for Extension of Time to Bursa. To which Bursa agreed on the same day to grant a 1 month extension. Which means 31st July. Info available from Bursa website.
The only strange thing is that AA requested also for extension of time for Annual Report 2019 too. Besides the 1st QR 2020.

Yes. Actually only Registered ID and a few others really calculated and contributed. Everyone should be talking about estimated earnings and thus EPS and also forward PE. PE for gloves industry is always higher in the range of PE 30-40.

How much the share price increase vs how much profit increase for the quarter is not the correct indicator.

As always investing is about future, betting on the future.

All the best to those still holding

Totally agree. I cannot understand why would anyone be interested in Air Asia or airlines. At least for this 2 or 3 years. If ur stuck then no choice. For new investors just doesn't make. But again all over the world there will be ppl betting even on already bankrupt companies.

@lanesra Usually sifu lanesra, dont do buy or hold or sell call
But sell lor here

I agree with comments from Fabie & chtan33 ; both very valid … Right now the money is in Gloves … Nobody knows what will happen few years down … There maybe new virus or threats popping out by then …. This article provides a viewpoint in terms of figures only, but discards other factors …

@ 500Bilis
The price of 0.1238 or as the bankers calculated TERP of 0.132 by theory based on earlier price of 0.057 before the announcement...
The million dollar question is what will be the price at the end .... ?
The price will of course be derived from many many factors ... it can be positive ... or it can be also negative .... maybe even lower than RI price of 0.105

Human greed .... giving self false hope ... very similar to gambling at Genting
Facts is that this is a gone case

Updated by removing conclusion....

Hi All,

Given the confusing corporate exercise of ICON, may I kindly share my thoughts.

Assuming now, I have 1,000,000 ICON shares. These will be consolidated first with the ratio of 50:1 which means that 1,000,000/50 = 20,000 shares. And of course by theory the price will also be increased by a similar ratio if we take the price of today 0.04*50=RM2.

Then the second part regarding the Rights Issue which is based on the consolidated shares. You will be given the option to subscribe to the RI at a ratio of 100:1, which means that from the 20,000 shares you have now, if you choose to fully subscribe the RI , this would result in final total shares of 20,000 + ( 20,000*100 = 2,000,000 ) = 2,020,000 shares + free warrants. This would cost you 0.105*2,000,000 = RM210,000
However, the price now wont remain at RM2 ( consolidated price ) anymore due to the massive amount of new shares via the RI. It will then be diluted to 0.132 which is the TERP ( Theoretical Ex Rights Price ) given by the bankers. This TERP of 0.132 is based on 5 days VWMAP before the announcement of 0.057.

Thanks monetary for your comments.... I will amend the post without any conclusion as well then as it's never my intention to mislead anyone and I'm for sure not an expert in this ….
And it would be very kind if you could share the info you have too …