One more thing I missed saying. Small banks are targets of merger & acquisition.

Market grumbles at the poor results relative to preceding year. Ask yourself how often does one company sell its assets and make a bumper profit. Not everyday or year actually. Now earnings have normalised. That's it. This unhappiness will cause share price to fall into oversold position, probably already have. The wise investors will take this opportunity to snag a few lots.

Each person's got his own risk appetite. No absolute right or wrong price to enter/exit

Today price takes a breather, presents another opportunity to those who wishes to board.

Continue to collect. Plenty of headroom.

Fair analysis of the QR. At least the management has the foresight to invest their retained earnings to generate profit when the traditional core business is not doing well. Alternate revenue stream. Every business has it's ups and downs, so I wouldn't jump the gun and condemn the company.

What an iconic display of self-contradiction

Technical rebound. Don't get caught in the crossfire.

No industry stays down forever. Bear that in mind. Geopolitical factor affects semicon ind. probably more than others when ruling regimes uses raw material and market restrictions as bargaining chips.

Yes. We got to think positively. This collaboration augurs well for both parties years down the road. A symbiotic relationship.

Speakup now or forever hold your peace. We wouldn't be here talking about this subject if we hadn't read the news. Betoi tak? Attacking another comment just to prove a point is so childish.

I don't understand the hoo-haa at this point. SC may not approve the mandatory takeover exemption request and the deal may just fall through. I personally would want the deal to succeed. If IJM would look beyond the current liabilities of Pestech and have the gumption to just takeover the company, then it's largely a matter of the purchase price for the shareholders to consider.

Play hard to get? Then they simply defer the plan.

It's all mere 'paper' gain if you don't lock in profit. All I read thus far is speculative. Privatization la, sell land la, LTAT takeover la and whatnot. Until corporate come out with an announcement, I don't want to miss this opportunity. Oil palm and plantation in general is seasonal and therefore its stock price. There's always another chance to re-enter at a more attractive price in the future.

What to do? Buy back in the 80s and hope that it appreciates to RM1 or more.

Healthy debate. Keep it up guys. Honestly, Bplant is now is safer hands with all the political appointees out of the board. When one day the owners decides to quit planting oil palms, they can unlock the value of its land bank. Enough to feed generations.

Ex-military men running a public listed plantation Co.

Nothing special as far as resolutions put up for voting.

Near midday, price quickly turned upward, from red to green. I've never seen such a quick turnaround before. All negative sell and buy queues like 'evaporated'.

This morning's an opportunity to get on board while others are spooked, jumped off

Privatisation of Bplant?
Who's going to do that now? LTAT? They already have their hands full with Boustead Holdings. Maybe one day that may happen but I doubt it's now.
If the parent is taken private, is it mandatory to do so for all it's wholly own subsidiary?
There are other options to unlock value in the company such as sale of assets (particularly those non-strategic ones), etc.

This is a public forum. Anyone can read your comments. Better keep it objective.

JKing, the NTA is the value for reference

Brian, I agree en bloc sale of land is near implausible. Insiders definitely knows something we don't. We can only play the guessing game at this juncture. My suspicion is LTAT is increasing its stake from the open market.

John, that option has been considered several years ago.
https://themalaysianreserve.com/2021/07/08/boustead-to-mull-options-for-palm-oil-unit/
Is the time ripe this time?

brian, I'm inclined to believe your suggestion particularly today's movement of this counter. This leads to the next question: How high are they going to push it up? Your best guess.

A lot of shares changing hands for no apparent reasons. Unusual trading activity. Avoid the chase.

As the saying goes, No News is Good News

Glad to see these constructive and healthy inputs. Finally see some degree of sanity in this forum. What we need is a clear roadmap to recovery. Learn from mistakes and have contingencies.

So Robert based on your experience is the IB analysts estimate of 3 to 6 months downtime reasonable?

Of all the comments I've read so far since the news broke, Robert's the most informative.

Consider this: Armada, in spite of the profits, has not paid a single cent of dividend since 2016. So buy at ridiculously low price, otherwise forget it. Not chasing it upwards either. If it's your fortune, it's yours.

If you have a huge vested interest in the Co., you should be very concerned (takut).

If only it's as simple as pressing the reset button they would have done it by now. I fear the worst, a major mechanical failure requiring total replacement of the transformers. Armada taking the opportunity of this downtime to conduct maintenance ahead of schedule is a smart thing to do.

Queuing @ 35

64 ~ 64.5c

Some ppl just want to stoke fear

Any sellers at 60c?

Some ppl will take the bait and act according to rating.

Let's ponder over the question of what is the possibility of change of govts in Selangor, Penang, and Negeri Sembilan? Maybank IB seem to have jumped the gun to signal that these states will fall and downgraded Sports Toto's rating to SELL.

Once price breached 0.55 and held above 0.50, then there's no looking back. Just monitor the share price appreciation of CapitalA and AAX. Another appealing aspect is, historically, Tunepro has been paying dividend annually without fail since 2014 up to as recent as year 2019. You have the options to sell and take profit or hold for div.

Next resistance level 0.50
Too early to target 0.60 to be honest. Perhaps possible in 2H 2023 which is not very far off. Now's the time to "put one's money where one's mouth is". I have never abandoned this stock. Many have jumped ship.

There's absolutely no need to propagate unfounded fear. We know how to do the math. Calvin, I agree with your analysis.

Obviously the rain failed to extinguish the fire. One thing I learnt from trading stocks, never predict the stock's price movement or rely solely on chart/data

Before the midday break, I can see buying interest equally strong vs. selling. 6-figure units in a single transaction completed. I tell myself, these buyers are not fools for sure. Likely game still ON, at least until QR is published.

I wish it would go above 70 and beyond. But since sudah kena wedgie, what to do?

55 cents

Are the finance and economic portfolios in good hands? Ministers who are too eager to prove to the rakyat with drastic policy changes will frighten investors. I hope they've learnt a lesson from their past administration.

We shall see how the market react to the ministerial appointments on Mon.

Let's not get ahead of ourselves with whatever FV or astronomical TP set by analyst. Agree to collect on weakness for the time being.