@wallstreetrookie yeah the Securities Commission and BSKL (as regulators) should designate this counter. No basis for it to shoot so high from its low. That to prevent the stock from being manipulated and caught many gullible and newbie(who are in the market to make some money) unaware, and in the process lost a lot of money. Regulators have the mandated duty and obligations to ensure proper order and rules are followed for any listed company.

Easy money,easy go. The fundamental in practical life is never wrong.For once when speculating on shares and equities at least they must have and include three fundamentals: 1. Profitable company or earnings per share; 2. Earnings growth potential every quarterl; 3. Return of Equity(ROE). For this company it has been on losing streak year after year. Caveat emptor : Don't be silly,know what you are buying and speculating.

@yingzhe17 concurs with the view on the fair price 2.75. Presently,the technicals for the stock uptrend is weak basing on the RSI readings and MACD and also the SMA 10 and SMA 250.Daily turnover also on the lows.Expects the stock to breach the RM 3.00 and trend lower.

https://www.malaysiastock.biz/News.aspx?newsID=141651

@Cojack31 elf selling is not an issue.As one of the large local institutional funds entrusted by the gomen to keep and manage the local equity market on even keel.That as one example(scenario) to ensure that when the foreign investors are selling EPF together with other like the LTAT,Pension Fund etc mopped up the shares.So that at the very end of the day,the scorecard of the retail,local and foreign institutional funds is in the balance.Selling or buying (transacting) by EPF and other local institutional funds( with large cash holdings) can be discerned in many large public lysed companies on Bursa. End of the day what matter most is the financial performance of the company at every quarter to the market's investors.Just to share.

Expects stock price to trend downward in the coming days going forward. One also needs to peruse at MACD and RSI trend charts.Both were not supportive of any positive price uptrend.The price resistant at 0.81 cent has been breached signalling no price support.

Read- https://www.theedgemarkets.com/article/banks-asset-quality-likely-worsen

@Cojack31 yes agreed with you.The stock price has been consolidating for the past several weeks and early positive sign for the breakout were shown on the technical charts. To know more view - https://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=1295&mode=1D

@Stockisnotsofun the odd of you as one of the investors is on the very low end.That after the bank was just hit with the global settlement with Ministry of Finance (MOF) amounting to RM 2.83 billions.Such monumental sum is equivalent to close to TWO years profits. Also the present Return of Equity(ROE) = 5.88 is lower than the Cost of Equity(COE)=10.34% for AMMB as compare to the other banks in the country.On the contrary, the BOD and top management should suffered from 50 % & 20% remuneration and incentives cut respectively for such gross infractions which for a banking institution should not ever happened at all.High probity,integrity and governance should underpin any bank for that matter.

I just peruse through a number of official disclosures made by the company in term of Shareholdings. One that caught my rapt attention is Company not making money but Director entitled to subscribe for long term Incentive Plan at ONLY 0.17 cents. You be the judge.I would not mind such incentive for the Directors offered IF the company demonstrates high performance year in and year out and making bumper profits for the shareholders which is paramount important.Win-win outcome or one for ALL or ALL for one.The rest I leave it to you to deduce further.

Looking at the financials from the appended link such stock is not worth the attention,effort and money to put in.Underlying fundamentals very weak and at the present price is very much overvalued.Expects more downside with the SMA 10 crossing the SMA250 on 5 April 2021 to from a "dead cross" - signifying more price downtrend to come.Even at the present market price the stock is very very much overvalued.Read more at -https://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=0140&mode=1D

@wee636588 basing on the daily price trend curve expects the stock to touch its historical low by end April or early May.This stock has very poor fundamentals to vouch for, and buying support momentum very weak. Not prudent for the investors with hard earned money to put money in such stock.Who will be the last unfortunate ones catching the "falling knife"

1. First let us look quickly at the financial fundamental of Widad. Earning per share (EPS) = 0.15 cents; Price/Earnings(PE) Ratio = 336; Dividends = ZERO since year 2011. Net tangible asset(NTA) = 0.07. In short this company has poor performance year in year out.
With such dire financials how to embark on the multi-billion development project? What sterling track records they have in the past in managing such large scale development? As an investor will you buy the stock which at the present price is evidently grossly overvalued(PE at 336)! Don't talk of price going up to 0.675 when the stock is sorely lacking on fundamentals.
2.I will stand a better chance not to lose out on my investment if I use the money to buy and collect other shares like Mflour,Steel,Alcom and a number of others with some district fundamentals to vouch for.
3.To digest more view the information from this source - https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0162

Like to share the abridged news from Bloomberg which may interest some of you here. Append: “If you’ve studied the company and you understand the business and you see this price drop as overdone, then take that opportunity to buy their shares,” Schwartz said by phone. “If you haven’t done your homework and you’re thinking this is another GameStop situation, you’re going to be the sucker at the table.”

@wcc636588 fully agreed with your views.Even at this price I will totally avoid this stock like a locust.Share market is not a gambling haven(casino) where the unwary & gullible investors just follow the crowd and no very little(risk) of what they are getting and facing.Consequently, entrapping many of them of their hard earned savings and incomes.At the price of 0.89 one can choose Southern Steel,Mflour,Superlon, and a number of them which exhibit some financial fundamentals and in the recovery phase post- Covid 19.

@villlian in most developed equity markets round the globe such bad news coming out from a bank will cause the share price to drop unrelentingly. Investors will ensure that the BOD faces the furious wraths of the investing community without fail! Such serious infractions by the bank is unwarranted and unacceptable. Expects the price to further drop to 2.70 in the next few months.

They have sold a lot of shares prior to the latest purchase of 5.3 million shares on 31.3.2021.Please perused down and through the whole details and have a good look on the financials.

Just having a purview of the information as appended will tell you at the present market price the stock is already grossly overpriced.Why buy just because of the big announcement made regarding the megaproject in P.Langkawi. I am amused when the major shareholders were selling down and the public investor buying.What gives then? View - https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0162

Really surprised me why the public investors are buying this stock? Just have the good cursory look on the Dataprep financials - in the deep doldrums. Return of Equity -30 and making losses year after year.Net tangible asset(NTA) 0.05 cents.Just these figures will tell you straightaway that it is not worth the market price even now at 0.92 cent. Basing on the Technical Charts - SMA10,SMA 250,MACD and RSI probably expects the stock to downtrend to 0.17cents.View the information from https://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=8338&mode=1D

This open forum platform is for everyone, and not just for one like melanie1818181818 rebuking other people sensible and diverse viewpoints. A lot of the comments made and published were good,forthright and served as a continual reminder to people to carefully think over what they were buying before making a stock purchase.One would like everyone to enjoy a decent return but not be caught unwittingly by the market's price manipulation in the hands of unscrupulous parties individually,jointly or severally in the marketplace.

https://www.freemalaysiatoday.com/category/nation/2021/04/06/why-the-silence-on-bankers-links-to-1mdb-says-anwar/

Technical chart from https://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=8338&mode=1D

Look at the technical charts as appended here. The stock is not worth even at the present market price of RM 1.10.Also financials for several years since 2016 NEGATIVE.Wonder why the price was pushed up to more than RM 4.00 last month and trapped many unwary and gullible stock investors.The regulators like Bursa,& Securities Commission should be more stringent on such market;s price manipulation by parties individually,severally or jointly. Just for SC to issue UMA(Unusual Market Activity) on the stock is of no help.Expects in all probability the price will trend further downward like a fallen knife(vide vanbasten9).This stock best to avoid at all costs.

Sensible and sharp view by Selina888.Forethought and logical mind to be made before buying the counter. One has to be selective to know what one is buying.

Adding to what KY Siow comment opines that yesterday price spike is very contentious.No good logical reasons for the price to suddenly spiked when not supported by the technical fundamentals. What gives???

The company is giving and dishing out ESOS amounting to 2,922,00 shares at just 0.17 on 1.4.2021!. What that tells you as an investor.They are milking you- the market players high and dry.Whoever subscribe to ESOS make a huge bumper profit without batting an eyelid! ESOS should only be given out to eligible employees only if the company is making money as a reward and not otherwise.This stock sorely lacking in fundamentals since year 2016.

Now already down by 0.47 cents.Makes no sense for the counter to shoot up above RM 4.00 in previous months.Looking at the financials since year 2016 this company is losing money year in and year out.Will be trending down wards as from the technical charts.No fundamental and no price support.Know what you are buying.

Best to sell down the counter quickly.The stock price will be trending down wards in the coming days.All shown on the stock price Technical Charts- SMA10,SMA250,MACD and RSA.

Fully agreed with some of the commentators here that this stock is now akin to a "weeping candles" counter as shown on the technical chart.Worst price downtrend also displayed at Dataprep. Best to sell down on the both the counters before the prices washout in coming days! All shown on the Technical Charts - SMA10,SMA250,MACD,RSI. Chances of the counter staging a breakout to trend upwards NIL.Hope the public know what they are buying when the major shareholders of the company sold their equity holdings enbloc.What gives???

Hopeless counter.SMA 10 has crossed SMA 250 producing death crossing in Technical Analysis .More room for the price to trend downwards.Latest financial result for the counter also poor.Best to sell down.Likewise for Dataprep.Be savvy players in the equity marketplace.That is rule number one.

Repost as received.Disclaimer: Shared for general update and information.Take care.Append: Officials at Putrajaya emphasised that only political activities would be affected by the Emergency.

"It will be business as usual. Economic activities will carry on and there will be no curfews.

"In a nutshell, life goes on as we know it. This is for the good of the country in fighting Covid-19," the source said.

Repost as received.Disclaimer: Shared for general update and information.Take care.Append: Officials at Putrajaya emphasised that only political activities would be affected by the Emergency.

"It will be business as usual. Economic activities will carry on and there will be no curfews.

"In a nutshell, life goes on as we know it. This is for the good of the country in fighting Covid-19," the source said.

Repost as received.Disclaimer: Shared for general update and information.Take care.Append: Officials at Putrajaya emphasised that only political activities would be affected by the Emergency.

"It will be business as usual. Economic activities will carry on and there will be no curfews.

"In a nutshell, life goes on as we know it. This is for the good of the country in fighting Covid-19," the source said.

https://www.straitstimes.com/asia/se-asia/as-malaysias-cabinet-meets-speculation-mounts-emergency-may-be-declared-to-avert-snap

https://www.straitstimes.com/asia/se-asia/as-malaysias-cabinet-meets-speculation-mounts-emergency-may-be-declared-to-avert-snap

This is the news that caused some of theKLSE stock prices to suddenly drop at about mid-morning.Waits for the official declaration this evening. Source - https://www.straitstimes.com/asia/se-asia/as-malaysias-cabinet-meets-speculation-mounts-emergency-may-be-declared-to-avert-snap

Inari has the largest number of shares issued viz in the 3.277 billions as compared to its peers in the tech industry.Also its Return of Equity(ROE) is lower.These two amongst several other factors.

Uncouth remarks should not be made and posted here.Very annoying and irritable(!) which do not add value to this page.The character of the person can be judged from those remarks made and posted here.More so in the public domain.My advice don't devalue oneself:-(

can this news supports or underpins the bullishness of the stock price even though PBT falls by a great margin at the last financial year?

cont'd:iii)
iv)
Arising from this award, upon receipt of the requisite payments from Danieli, the Plant currently stated at RM423 million will be removed from its Balance Sheet. There are also other plants and equipment including spares (currently stated at RM 244 million) which are part of hot rolled coil investment, where impairment needs to be assessed. Although there will be negative impact to SSB’s Balance Sheet, there will be significant positive cash flow impact to SSB.
The net financial impact will be announced after due assessment. This announcement is dated 2 December 2019.

Southern Steel Berhad (“SSB” or the “Company”)
MATERIAL LITIGATION – FINAL AWARD
A. Final Award for Arbitration Proceedings by Southern HRC Sdn Bhd (“SHRC”) against Danieli & C. Officine Meccaniche S.p.A (“Danieli”) and Danieli Malaysia Sdn Bhd (“DMSB”) and Arbitration Proceedings against SHRC by Danieli and DMSB;
B. Final Award for Arbitration Proceedings Between SHRC and Danieli Co. Ltd (“Danieli Thailand”)
SSB wishes to announce that the Tribunal has decided and determined as follows:
A. Arbitration proceedings by SHRC against Danieli and DMSB; and Arbitration proceedings against SHRC by Danieli and DMSB
The Tribunal decided in SHRC’s favour and awarded the following:-
i) ii) iii)
iv) v) vi)
vii)
viii)
B. Arbitration proceedings against SHRC by Danieli Thailand
The Tribunal decided in Danieli Thailand’s favour and awarded the following:- i)
ii)
We refer to the announcement of SSB’s Quarterly Report for the first quarter ended 30 September 2019 dated 21 November 2019 wherein it was mentioned that the parties were
awaiting the decision of the arbitration tribunal (“Tribunal”) in respect of the Arbitration
Proceedings.

the Contract is rescinded
the Service Agreement is rescinded;
Danieli and DMSB shall repay SHRC the Contract Price in the amount of
EUR92,700,000 minus EUR 15 million and RM270 million after taking into
consideration the use of the Plant and its plausible diminution in value;
Danieli and DMSB shall pay SHRC RM176,245,250 as damages for
misrepresentation;
in consideration of the payments set out above, SHRC shall transfer the title to the
Plant, together with additional equipment installed thereon, to Danieli.
Danieli and DMSB shall pay SHRC pre-award interest for amount payable under
paragraph (iii) above from 16 June 2011 at the rate of 2% simple interest per
annum until the date of the final award;
Danieli and DMSB shall pay SHRC post-award interest if Danieli fails to pay the
award in paragraph (iii), (iv) and (vi) within 90 days from 28 November 2019 at the
rate of 5.33% simple interest per annum; and
Danieli and DMSB shall pay SHRC the sum of EUR4,416,302.84 as its legal costs
and the sum of USD667,500 as the costs of the arbitration proceedings.
SHRC shall pay Danieli Thailand the sum of EUR 2,795,796.98 (“Second Award”)
being the balance purchase price of spare parts under the Sale Contract;
SHRC shall pay Danieli Thailand pre-award interest at the rate of EURIBOR+1%;

@ajibkor support for gomen ONLY if they can demonstrate and uphold on equality,justice,fair play and equity for all citizens under the sun.So that the citizens are empowered to self-help,gainfully employed and progress on their own merits.Support is a two way traffic.
2.Support for gomen not because this is a government linked corporation or company(GLC).They also have to earn the trust and merit from the citizens.The votes and support are not given but with due consideration on the aforesaid prerequisites.
Not merely supporting in the form of mere declaration but basing on tangible and justifiable grounds.Support from the citizens cannot be taken just for granted.

Ini Kalilah.

Another pending Material Litigation declared and disclosed by Ann Joo:
http://www.malaysiastock.biz/Company-Announcement.aspx?id=982588

One of the Material Litigation involving Ann Joo as litigant:

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1029989

IF one peruses and looks into Ann Joo they also have a number of Material Ligitations which were pending appeal or hearing.For examples:

1.The appeal made by Ann Joo to the Federal Court against the Appeal Court's decision on the case filed by TNB and the Jabatan Tanah for their plant in Penang;
2.The civil writ from Amsteel which is pending.

To safeguard the company and shareholders' interests the company has to avail themselves of the legal avenues and process to contest and contend.

Just to share some of the legal point of views just to inform the public and shareholders.

@nicky11 I am proud of my given name and lineage.No need to use false ID for me.One should have the integrity and conviction to comment and share.But any comments have to be founded or can be validated and not based merely on hearsay.

@nicky11 who here not using real ID to comment?.Maybe you can expose them.

@Fiona Yip thanks anyway for your clarifications.
But there have been slight misrepresentation of facts by you going by the appended disclosure that you just shared:
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=...

1. Under the appended declaration 19(iii) it was just mentioned that the Session Court and later the Appeal Court in KL rejected SHRC request to suspend the court hearings filed by Danielli Thailand pending the resolution of the Consolidated Arbitral process as requested by SHRC.
Since SHRC's request to the two courts were rejected that means the litigation will commence in the open court hearing for a sum of Euro 115,067.00 as claimed by the plaintiff.There is no latest news that this court case had been heard and disposed off.

2.Under declaration 19 (i) and (ii) it was disclosed that the two contesting claims altogether by both disputing parties SHRC(respondent) and Danielli Spa(Plaintiff) had been filed for arbitration in Singapore.Up to today there was no mention of any outcome from the arbitration process.

3.One has to understand there is differences between civil claims in the high court and alternatively going the route of arbitration process.

The latter is less expensive for both parties,less time consuming and the judicial decision on the material litigation to be decided will be faster.

I stand to be corrected.

@ivan9511 the stock price should have trend even lower vis-a-vist the Friday's closing price if not for institutional support.For such a poor y-o-y FA result not surprising the stock price is knocked down even lower.
2.For the past SEVEN years this recent y-o-y overall FA result is the worst of the lots.Cumulatively the losses come to more than RM 650.00 million.
3.The momentum and price trends indicate the stock price will go lower.
4.Basing on last Friday's his trading volume many local investors and some large investors were liquidating their holdings.
5.If one is in such stock,better to waver on the conservative side.Preserve one cash holdings.Investing in equity market can suddenly take the turn for the worst as in this exemplary case.
Stay Smart and Investor Savvy:-)))

@Fiona Yip you can be sued if you as the bearer of "not" validated news posts and shares it in this public domain for example.
2.You have to now there were many public investors here who hold large positions on this public counter.
That is my brotherly advice.Regards.