Very strong buying queue / support at RM0.26, good sign.

Correction mode today, time to load up more.

If you guys do read the earning report, it did mentioned Q1 is typically the lowest quarter, meaning the biz will continue to increase through the remaining of the year. With such a low PE @ 10X for tech stock, got good potential.

It shoot up from ~RM3.80 to intra day high of RM5.10 in 6 trading days, I think it's normal technical correction and profit taking only, not to be too alarming. Maybe is good chance to load up some now.

Today selling pressure seems gone, hopefully uptrend resume.

Hopefully this not 1 day show, it happened a few times in the past 1~2 months where suddenly it shot up with high volume, but then just a few days show only. I'm thinking like @greatful, already invested ~RM50K (mother 250,000 units & WB 1M units) since ~2 months back, and I'm willing to hold mid-term (at least until end of 2017),now eagerly waiting for it to wake up. Keep my fingers crossed, hoping for the best to happen ...

What happened?

Ya, selling pressure today was high, that made me a little worry too, hopefully nothing bad is coming.

Having said that, stock investment always got risk, there is no sure-win stocks. Buy, sell or hold, make your own decision.

It's liquidity is extremely low, and I believe a lot are insiders or their own employees, it's a tightly controlled counter, I believe they will push it as high as possible, down side risk should be low. If this month they release blow out results (meaning good results which beats both QoQ and YoY), RM10 is possible.
Some people think that tightly controlled and low liquidity is bad, but in this case, I see it as a good thing. Think of it this way, there is no reason the insiders / inner circle want this share to drop, right?

1 day show, as usual.

Now what? 200K+ lots @ 0.05 sold down just like that within a few mins? Should we buy more @ 0.05 or we should sell and runaway?

1 day show :(

As much as I would like to see EG start flying, I would not be surprise if this is just a one day show. I'm betting big on EG-WC, keeping my fingers crossed.

Shoot up with volume early in the morning, any news?

Looking at the trading pattern, I'm very sure the price is being controlled / pressed at 5 cents. The big question is whether controlled at 5 cents to collect or to dispose? Anyone has any thoughts?

I have a feeling it will close @ 5 cent also today, 10 mins into afternoon session, it doesn't seem like 5 cents being broke out, as no follow thru buying on 5.5 cents. I hope I'm wrong.

The trading pattern is weird today. Is it people are collecting at 5 cents or people are dumping at 5 cents?

I think QR will come out in April next month.

5.0 sell queue cleared, hopefully the 5.0 buy queue will continue to build up in the afternoon session and become a strong support level, then 6 cents for this week will be more likely to happen. If market continue to be good, I believe AT will continue "goreng" up until the QR, then will see how good (or how bad) is the QR to decide it's faith.

Now 5.0 cents big block is gone and 4.5 cents becomes strong support. A big chance that the small volume 5.0 cents sell queue will be all eaten up in the afternoon and move up to close at 5.5 cents today.

Most of the penny stocks are in correction mode, not only AT. It will come again when the market correction is over, just as any other penny stocks, the worry is only if the next Q results drops back to red. So beware and watch out for the upcoming earning release.

I still see 0.895 is the support, I believe it will not be easily broken down, and I believe the uptrend is still intact, else who want to subscribe for the 0.95 RI? Just my 2 cents opinion.

Started to drop, may be T+3 kick in, buy at 0.895 for whoever wanted to enter or add more.

Good closing. Breaking 0.90 tomorrow?

Look at the buy/sell queue, I believe today can close @0.895

Choices as an investor, if the company need RM50m for expansion, you would like it to:

Option 1: Take loan from bank which leads to huge interest payment down the road.
Or
Option 2: Raise fund from investors thru RI which will dilute EPS?

Inari did RI in 2013 and 2015 to raise fund for expansion as well, this can be found in Bursa announcement. I personally subscribed for the 2015 RI. Company need money to fund growth and expansion, raise fund from investors is definitely better (as it is cheaper) than take loans from banks. Do look at this whole RI episode objectively, so far EG management has delivered what they said (more biz in box-build, increase profit margin) since last RI. During Inari RI, I don't remember seeing their share being dumped this bad, but why EG RI create such a huge negative sentiment? Something to ponder ...

Sure got risk, but as long as you trust that the company will use the money raise from RI efficiently to grow the biz, then current selldown is a good chance for investors (not punters) to accumulate more EG shares, taking advantage of the negative sentiment looming now.

I’m not asking anyone to buy or sell or hold, just to share my thoughts, hope this will benefits all.

OK, I saw there is aging reports in 2016 A.N. Report, but I still don't get it how to calculate it to "3.76 months or 114 days". Also, in this current Q2 report, there is no aging report at all, how to get the number to be "3.74 months or 113 day"?

@Investor 9999, how do you get the debtor turnover or credit period? Does not seems to mention in the quarterly financial report. Just curious, and wish to learn.

I have been holding it for 1 year, and have been witnessing the turn-around of this company. Results for these 2 last quarters clearly showed that they have made it successfully. If this still not enough to move it higher, what else? I'm running out of patient. Well, unless some insiders know that their recovery / turn-around will not continue into next quarter onwards, then I have nothing to argue, as I'm not insider and not well connected, I'm just an ordinary investor (not punter) which do my homework well on the stock I invested.

Frustrated & disappointed, posted good Q2 and the share down? Is the Right Issue really such a bad thing? Money is needed to grow the company, it's better to raise fund from investors than take more loans from banks, I just can't comprehend what people are thinking.

I'm very tempting to continue top up, but just afraid it drop further. Anyway, I hope it stabilized and from here it started to climb up again. I'm confident it will report a good quarter, else they would not announce the Rights so close before quarterly results. If the quarterly is not good and causes EG to drop significantly from this level, then who want to subscript for the Rights? I have been holding since last year, and the management really deliver what they said they will do, which growing box build biz & increase the profit margin. All of these can been seen in the last quarterly result. As such, I'm trusting that the management team is capable of continue to grow EG.

I'm not a day trader / contra player, but still feel like being cheated for sapu 50K EG-WC yesterday morning @0.56. Yesterday morning both EG & EG-WC seems stabilized with buying volume came it, but they drop again later and today continue to drop. I should have hold my horse and waited, sigh ....

http://www.theedgemarkets.com/my/article/eg-industries-plans-corporate-exercise

Ven, agreed on your comment #1 & #3, but did EG announced it will start to give div in 2018? Just curious ...

Not saying that high debt is good, but the significance of high growth will out weight the significance of high debt. If EG continue to grow it's rev & eps in the coming few quarters, the share will sure to go up, regardless of it's debt level.
I have been monitoring this stock closely since last year, and I Can see that the turn around plan to switch focus to higher margin box build biz is slowly playing step-by-step, and started to show positive result in this recent Q financial announcement.

Revenue increased, profit increased, higher margin box build biz picking up, biz turned around, stock price still not moving much, PE at ~9 is still consider reasonable to a little undervalued, and everybody still seems not having much interest and confidence in this stock. If your view is that the biz will continue to improve and this turned around in rev & eps is not a 1 quarter thingy, then now is the best time to buy. Be a contrarian, buy when people nobody don't want to buy, and when it announce next Q results (even if it is flat to current Q), I believe the share price will start to move.

Don't understand why people are complaining EG disappoint, is a trap, cannot fly, cheat, ...etc. Look at the price movement since last Thus (June 2nd), everyday up without a break, only today close flat. Maybe people disappoint becoz during the midday it shoot up a lot and when come closing, it just up a little, but I take this very positively, as this will not build up huge selling pressure and coz a sudden massive crash.
For day traders, just buy during closing time and selling in the midday peak time the next day, repeat this everyday and you will have daily earnings. For investors, just buy and hold, and watch the price gradually go up.

No worry, trust me, I'm been holding WB since it's listing in 2015 until now, all the downs are for bouncing to the greater highs down the road. My current strategy is to hold on now, and if it drop below RM3 (WB below RM1.50), then I'll buy more WB. With the expansion plan in place now, the earnings will keep improving for this year, unless some unexpected serious economy/market meltdown happen, or ringgit unexpectedly reverse trend to strengthen up a lot.

teoniaseng, what is the reason they want to press down the price? And why it will be lagi teruk after 29 Dec (ex-date)?

If no accounting fraud and revenue / profit keep growing every year, the share price sure will catch up sooner or later. I'm betting with 1 million unit mother share + 1 million unit warrant, and patiently waiting for the reward to come.

Most (if not all) China company in KLSE are not doing well now. Whether any fraud in the accounting, nobody can tell. But, if you have some risk appetite, within your affordability, buy when nobody want to buy, as they said, be a contrarian.

Up so much already since quarterly result announced, so the correction today is normal, and somehow expected as well. I'll load up more if it down to circa ~RM0.25, else I would just continue to hold on, and I have confident (by looking at the earning and PE) it will bounce back and continue to march higher. Don't panic, think with clear/open mind, and try your best to get thru human nature of greed & fear.

Overall market down, I believe this just technical correction, the market will bounce back, and for Genetec too. This correction will either for today only or for the next few days, this is my view on current situation.

Way to go, INARI. See you at RM4 soon .... :)

WTF, suddenly RM0.205 defence broke down. Looked the trend since opening this morning, I thought it's going to break the RM0.21 barrier, but the opposite happened ... :(

The important part is the earning. If it can keep increasing the revenue & EPS quarter-over-quarter / year-over-year, give it some patient, the results will not go un-noticed, the stock price surely will move up. It seems doing so far so good since it's listing 5 quarters back (both revenue and profits gradually increasing), but the stock price keep dropping from peak ~30 cents -> 0.065 cents. If you believe that both revenue and profits will keep increasing in the next few coming quarters, then now is a very good buying opportunity to buy. For me, I'm taking my chances to bet on this counter, I'll continue to accumulate, as I see the returns is huge compare to the downside risk. Every investment has risk, make your own risk assessment based on your own financial affordability and risk appetite. Wish all Xinghe fans good luck.

This is indeed a good news to BJAUTO. No price hike will attract more car buyers to Mazda, if all others decided to hike. At least Toyota already increased the price, others (Honda & Nissan) may follow.

You are right, local company may have accounting issue / fraud as well, not denying this. Even big well known company like Air Asia also got accounting scandal. Just that for XINGHE's case, it's just too good to be true, extremely low PE, stable earnings and dividend paying. Anyway, as I said, I'm taking my chances, no risk no gain.