Some good news for this counter:


Reference is made to the Company's earlier announcements dated 2 August 2017 and 5 October 2017 in relation to the Notice of Adjudication dated 31 July 2017 issued against its wholly-owned subsidiary, Puncak Niaga Construction Sdn Bhd ("PNCSB") by its previous sub-contractor, Genbina Sdn Bhd ("Genbina").

Puncak wishes to announce as follows:-

1. That Genbina’s adjudication (for the Notice of Adjudication dated 31 July 2017) whereby Genbina has claimed for a principal claim sum of RM25,413,723.45 were dismissed in toto with cost of RM100,000.00 awarded in PNCSB’s favour.


This announcement is dated 25 April 2018.

There is really no quality talks here. It seems like a lot of comments are shiok sendiri.....

Again, it depends on your time frame and your TP, TANSHENGCHUAN.

If you are merely a shortist or short-term investor, then set at a MA / BETA price and sell once it hits your TP. Otherwise, you can randomly pick a number as your TP.

That's why I always said "personally" and never pinpoint as to who is right and who is wrong. Ultimately, please DYODD!

Personally, I won't sell my existing 500,000 shares in this counter if it didn't go up to RM1.00. I believe this stock has its potential looking from the vintage point that it has private placement in place coupled with the business expansion and long-term profits i.e. been profiting for the past 5 years.

@zhm540, mind to show a screen shot of your 20 million shares of DGSB of which if it is RM0.10 each will be RM2 million.

Private placement is usually a good news, guys. Imagine a Company can negotiate with a specific investor even though the investor can buy the shares from the public yet choose to enter into a PP arrangement. There must be certain terms and conditions that attract the investor to commit with DGSB. I'm already vested and on the boat. This speed boat will leave anytime from now.

p/s: DYODD!

0.09 cent is for illustration purpose.... I am not sure why you think that the PP is at 0.09. This announcement is meant to explain to those newbie who does not know what PP is or how it derived because one of the listing requirements is transparent for any issuance of shares that will dilute the shareholding of the existing shareholders.