MyView, don't sell urs......u are long term investor, right? DOn't sell....How come u wanna sell?

Tomorrow all ppl selling.....................

Ooopppssss.......falling back after hitting 0.270 byebye

Vivocom CEO may step down early

http://www.theedgemarkets.com/my/article/vivocom-ceo-may-step-down-early?type=corporate

By The Edge Malaysia / The Edge Malaysia | July 11, 2016 : 6:00 PM MYT
12/07/2016 07:29

VIVOCOM Intl Holdings Bhd, an ACE Market-listed construction company that made its name after securing the bulk of its work contracts from China Railway Construction Corp Ltd (CRCC), may see the early retirement of its CEO Datuk Seri Dr Yeoh Seong Mok, according to sources.

Vivocom’s share price came under selling pressure after market talk spread of Yeoh’s impending departure as he is said to be the point man for dealings with state-owned CRCC, a state-owned engineering and construction giant.

“It is not just an intention, he (Yeoh) was determined to go. It is just a matter of time before he tenders [his letter] to the board,” a source tells The Edge.

Yeoh was appointed joint CEO on Nov 2, 2015, after Vivocom, then known as Instacom Group Bhd, acquired an additional 43.6% stake in Neata Aluminium (M) Sdn Bhd — an aluminium window and door manufacturer — boosting its shareholding in the latter to 78.6%.

Neata in turn owns 100% of Vivocom Enterprise Sdn Bhd, a construction outfit founded by Yeoh.

Since his appointment, Yeoh has been widely seen as a white knight for beleaguered Instacom. He was the key person who channelled construction subcontracts from CRCC to the group.

Yeoh become sole CEO on May 25 following the resignation of Anne Kung Soo Ching.

“It will disrupt Vivocom’s long-term plan in achieving RM3 billion construction revenue by 2018 as the bulk of the company’s contracts were secured through his relationship with CRCC,” says another source.

“It will also be a challenge for Vivocom to achieve its target of RM600 million in revenue this year as construction works are progressing slower than expected,” he adds.

When contacted, Vivocom executive director Choo Seng Choon did not refute market talk of Yeoh’s early retirement.

“[There is] no issue in terms of business development. He (Yeoh) is 60 and it is not wrong for him to have a retirement plan since he is in that age group already. However, I have not received anything official,” Choo replied via a text message.

“No one is indispensable, including me,” he added.

Last month, Choo was reported as saying that the company was aiming for RM3 billion in order book replenishment per annum until 2018. Vivocom, he added, was targeting RM600 million in revenue from the construction segment this year, RM2.1 billion for 2017, and RM3 billion by 2018.

m1ll1ona1re_trader, i congratulate you.....u see it coming......

how????

ktsk88, so how????? where is ur rally???????

MyView the coward, where is ur rally???????

sandwiched between the 100ma and 200ma lines is suggesting its containment of share pricing.....phantom group will push it easily. don't believe? Usually bonus issues once announced, most counters will just shoot up sky high but this is not the case for vivocom.

Do u know why? Vivocom is starting to lose its shine due to the departure of both CEO one after another within the timespan of one month's time. How will vivocom get the lion's share of the HSR project from CRCC without Dr Yeoh? He can join another construction company and already his son running his consultation firm. So it's similar case with Tan Sri Liew Kee Sin of SP Setia who had his son running Ecowld first then Liew joins there.

Normally, bonus issues once announced..the next day that counter will shoot up sky high more than 15% at least intraday but this is not the case for vivocom. You can see it already losing steam just within the half day of trading.....

ONLY ONE CENT UP????

ONLY ONE CENT UP???? KESIAN......

the long term for vivocom is bleak due to the departure of Dr Yeoh...there goes CRCC contracts....there's no binding agreement that vivocom will be CRCC in-house contractor forever therefore anytime CRCC can switch to other construction company for their sub-con jobs.

Dr Yeoh being the CRCC-enabler is crucial but the sudden leaked out of him to resign as CEO of vivocom is darn worth to note. This is a big RED FLAG because no reputable person will just undertake a CEO job for just 8 months and resign. Many will argue that it's not confirmed yet but this will be more likely to be the outcome. TheEdge is not afraid to publish because they are not afraid to be sued by vivocom because vivocom will not sue them due to the truth is there already but just they haven't release it officially.

Anne Kung retired officially announced 25-May-2016 and Dato Seri Dr Yeoh's departure as CEO was leaked on 27-June-2016. Still cannot sense something is not right? How can the CRCC-enabler not be the captain and take a back seat? This is a strong signal to you all.........................

Many ppl overlooked that Vivocom CEO Dr Yeoh has ZERO shares and retiring...Anne Kung also retired just one month before Dr Yeoh

“It is not just an intention, he (Yeoh) was determined to go. It is just a matter of time before he tenders [his letter] to the board,” a source tells The Edge.

Since his appointment, Yeoh has been widely seen as a white knight for beleaguered Instacom. He was the key person who channelled construction subcontracts from CRCC to the group.

Yeoh become sole CEO on May 25 following the resignation of Anne Kung Soo Ching.

“It will disrupt Vivocom’s long-term plan in achieving RM3 billion construction revenue by 2018 as the bulk of the company’s contracts were secured through his relationship with CRCC,” says another source.

“It will also be a challenge for Vivocom to achieve its target of RM600 million in revenue this year as construction works are progressing slower than expected,” he adds.

When contacted, Vivocom executive director Choo Seng Choon did not refute market talk of Yeoh’s early retirement.

“[There is] no issue in terms of business development. He (Yeoh) is 60 and it is not wrong for him to have a retirement plan since he is in that age group already. However, I have not received anything official,” Choo replied via a text message.

“No one is indispensable, including me,” he added.

Bornoil flying............

Look at commodities.....

smart investors dumping property n construction counters.....all switch to commodities!!!!! wake up!

China n Malaysia's property sector so slowdown.....

Look at gold price spiking up caused by Brexit!!!! Property bubbles gonna pop!!!

Mining gold better than bricks and mortar....vivocom losing Dr Yeoh and CRCC.....How good will it be for the company???? Answer is BAD....

BORNOIL HAS SURPASSED VIVOCOM LOR.........ppl frown upon vivocom for doing so badly...

how????

ktsk88, so how????? where is ur rally???????

MyView the coward, where is ur rally???????

m1ll1ona1re_trader, thank you for ur support!!! Bonus issues is just going to erode EPS further.......these cheerleaders gambling their life savings without understanding it.....lol

ktsk88, so how????? where is ur rally???????

MyView the coward, where is ur rally???????

Bornoil also surpassed vivocom lor..........my Gold spot win big time lor......

ktsk88, ur reputation is on the line!!!! Where is the most anticipated rally after bonus issues announced last night?????? Huh????? Where?????? Only +3.92% today? Aiyoooo...........................kesian dou......

Skng Keong, thank you for barking. Meal time for u soon ok?

Syah Mi, yes you got it right....u suspect something amiss, right?

where is the most anticipated rally????????

Only +3.92% today? walao.....

Beginner01, where is the rally? One cent up today also u want to say so great? Is one cent up a rally? Since when the standard of vivocom drops so low?

So this bonus issues, does it propel vivocom's share price sky high? Only ONE CENT UP ????? Like this also u wanna come out shout so loud ah? Aiyoo......MyView.

I'm still advocating sell calls....I've solid arguments on vivocom's business and its directors. Do u have any analysis? Have u share kah? I want to see new things from ur camp. pls retaliate....

Until now I'm waiting for Myview to present his case and explanations on vivocom's downtrend and its directors' departures and order books attainment. Also one more, why is vivo's share price not surging up today even after bonus issues announced?

MyView, can u do the honour to defend ur reputation? At least ktsk88 can explain something than you. Sigh......kesian MyView. I'm expecting more from long-timer like u but such a disappointment. Empty bottle.

MyView oh MyView.....where r u? Why down one cent now and u disappear? See? you are predictable and u simply cannot justify ur case. poor thing lol

2.6 billions shares + 0.8 billion shares = 3.4 billion shares.....

whatever the company earns, now will have to be divided more times among the so many billion shares. Inflated share base.

Bonus shares will only be issued to shareholders of vivocom at the ratio of 1 bonus share per every 4 shares tht u own.

The EXCITING part that the Chinamen management of vivocom wanna con you all is this line:

"........SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER". Go read it at:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5145949

Downtrend is intact......

ktsk88, where is the most anticipated rally????????

Only +3.92% today? walao.....

Skng Keong, what u barking? Still tak tau mati? Buy more and lose more..... lol

m1ll1ona1re_trader, thank you.....you all better read his comments since most so afraid and simply joining bandwagon. Only when it collapse then you all regret.

Where is the rally after bonus issues announced yesterday?

One cent up is considered a rally????

Beginner01 @axejay, where's the most anticipated rally after bonus issues announced?????????

Lol axejay the amateur, I kesian you.....

Hunter2016, these vivo cheerleaders chose to be ignorant. Already many red flags abt vivocom and latest is the share price cannot move up rallyy after bonus issues announced

Only those blind cannot read but vivo cheerleaders all cannot smell what MD Choo is cooking

Lol axejay is amateur.....lmao

Only phantom group can dictate tht not me.

Ktsk88, where's the rally.????? Bonus issues announced already should be hitting sky high by now!!!

Beginner01, u dare to be cocky then do u have the balls to accept my challenge to bet if vivo will collapse???

Where is the share price rally???