Wow...moving non stop....???

Wah...have to wait for 3 years..!!

sbccorp can still enter now ah...??

sosfinance..thanks for your reply.Keep on posting..!!

price now RM2.18...what is the next resistance...????

sosfinance..so u mean retailers not keen on SILK..???

so many waves...what wave now...????????

Datasonic to be declared ‘designated security’?
Posted on 4 April 2014 - 05:40am
Lee Weng Khuen
sunbiz@thesundaily.com

PETALING JAYA: Datasonic Group Bhd, which has seen its market capitalisation jump more than 17 times since its listing in September 2012, continues to reach new heights despite the stock exchange regulator's caution to investors in the trading of its stocks and call warrants, making the possibility of the counter being accorded "designated security" status very real.

"We really don't know how far its share price can go, but if it continues to soar, Datasonic may be given 'designated securities' status by the authority," TA Securities Investment Manager Lam Chi Mun told SunBiz.

Declaring a counter as a "designated security" does not stop trading in the stock but does seek to curb excessive speculation by requiring payment upfront before purchasing and a free balance of securities before selling.

After all, stock exchange regulator Bursa Malaysia drew criticism the last time it declared a stock "designated security", with players opining that it had acted too slowly.

The most recent stock given "designated securities" status was Harvest Court Industries Bhd, which saw its shares climbing drastically after the prime minister's second son Nazifuddin Najib bought into the company.

Harvest was declared a "designated security" back in mid-November 2011. It was lifted two months later.

Analysts observe that institutional participation in Datasonic is insignificant, signalling that retail investors are playing an active role in driving the share price up.

"We don't see big funds and strategic investors holding the stock, maybe retail buying (is being done) on the momentum they have seen in the company," said Interpac Securities head of research Pong Teng Siew.

According to Datasonic's latest annual report major shareholder Datuk Abu Hanifah, who is also the managing director, holds a 68.55% stake, inclusive of the indirect interest through Dibena Enterprise Sdn Bhd. Lembaga Tabung Angkatan Tentera holds 2.93%.

Datasonic, an electronic identification company, is seen as the main beneficiary of the compulsory migration to the new MyKad. It posted a net profit of RM81.90 million for the financial year ended Dec 31, 2013, representing a leap in growth of 191.27% as a result of higher revenue earned.

Since its listing, the company has undertaken a number of corporate exercises. It has announced two rounds of bonus issues, once in April 2013 and another just in February. It has also split its shares, dividing one share with a par value of 50 sen each into five units of 10 sen each.

The company, which listed on Bursa Malaysia on September 3 2012 with a market capitalisation of RM180 million, surprisingly saw its market capitalisation reach RM3.21 billion yesterday, up 17.7 times in less than two years even after its corporate exercises.

Datasonic shares hit an all-time high of RM4.87 last Tuesday.

Based on yesterday's closing price of RM4.70, it is more than double than its listing price of RM2, while its price-to-earnings ratio stood at 38.7 times, which is deemed expensive as compared to other small caps.

However, Pong opined that the valuation is "not unreasonable", calling it a characteristic of a high growing stock. "It's notable that the small caps in the local bourse have delivered good results for more than a year but we are quite stumped by the length of this rally," he added.

Bursa Malaysia on Tuesday advised investors to exercise caution and make informed decisions in the trading of Datasonic's shares and call warrants. This was after Bursa Malaysia queried the company on the stock movements last February. The management said then that they were unaware of any corporate developments that might have caused the unusual share price movements.

Last month, Bursa Malaysia advised investors to be cautious on Hong Leong Capital Bhd shares, which has been on a bull run since early last year.

why drop so much..??

where is the volume..??

very quiet...!!

i suppose wait 2molo and see...

what is sos finance..?? short & medium down or sideway trend..??

31/01/2014 net profit 1,228,000 , 31/01/2013 net profit 1,970,000 , 31/10/2013 net profit 2,183,000

still make profit...but qtr result down...how market will go next day..???

what is the support level???

pls translate to english...tq

Oic...thanks...QR going to be good..???

what is QR..???

beginning of uptrend...???

skyhawk pls share yr TA chart with us to compare tq..!!

lee9fold..Oic thanks...lets see whether TA is reliable...!!

skyhawk why u said can drop below 0.55...u got info ah..???

henrytham77..u are very confidence..!!!

why not now...??

what u mean by wayang kulit...am a newbie..!!! hehe..

u mean it is downtrend...??

henrytham77..good luck...!!

already bottom..??

skyhawk...how far the price bottom in W2...thanks... u expert in TA !!

what wave now skyhawk ..??

chart almost similar to Silkhld...!!!

skyhawk..haha

where is 932..???

2molo what direction...???

Thanks lee9fold...!!!

lee9fold thanks...can u see the bottom it will go at the moment...!!!

skyhawk you very confident...will it bounce back...??

Is the result to be released this month going to be good..????

So who to follow...mrlim or joel...haha..???

OTB...is it down trend now...????

PE = 29.68...isn't it already too high...???

how low can it go...??

Oic...anymore upside...??

Why price drop ah...???

skyhawk...wah...can drop some ah to 55-60 range..???

where is support..??

Time to go in or stay sideline..??

Is it a fundamentally good stock to buy...???

where is the next support..??