Avoid this counter, even it rebounds soon, as all the technical indicators didn't show any signs of reversal yet! For a down trending counter like Jaks , it's not impossible it will drop til left with 25% from high of RM 1.80= 0.45. Remember of dropping counters like Meg, Iwcity, Gkent Mrcb etc ?

https://m.facebook.com/story.php?story_fbid=2034258489919093&id=1200094743335476&_rdr

Comparison of Power plants of Jaks & Facb.

https://m.facebook.com/story.php?story_fbid=2034258489919093&id=1200094743335476&_rdr

Weekly & monthly TA Charts of Jaks also show this counter is extremely bearish & have high chances of it will going down some more. Please be extra careful if you are still optimistic &,like to go against the trend to trade!!

Weekly & monthly TA Charts of Jaks also show this counter is extremely bearish & have high chances of it will going down some more. Please be extra careful if you are still optimistic &,like to go against the trend to trade!!

http://klse.i3investor.com/m/blog/SICStockPick/167299.jsp

Well written article for rational investors, please read; especially the last few sentences stressed the importance of protecting ourselves even this stock has possibility of going up as there are many better stocks with no bad sentiment for now!

I bought it at 1.17 & cut loss T2 at 1.16 which was pushed up last minute at 4.50pm! In stock market, remember to base on the TA chart to take profit or cut loss!!

I bought it at 1.17 & cut loss T2 at 1.16 which was pushed up last minute at 4.50pm! In stock market, remember to base on the TA chart to take profit or cut loss!!

Recently too many counters had dropped about 75% , then only rebound! Counters like Gkent Malton MRCB WCT ....For whatever reasons.

Just look back at many of the property, construction counters which had dropped more than 50%-75% from their highest prices in 2018 but Jaks was lucky dropped only 30%+ until now.....

GK likely to consolidate downward to find support at lower level but it will definitely to retest the recent high of RM1.47. Please take note that for the last 3 sessions it had done about volume of 100 Millions with price range of RM1.40- RM1.47 which mean that investors whose had bought & had not liquidate yet stand high changes of incuring paper loss.

"With its future projects more or less gone, most market watchers and analysts were banking on CCCC-George Kent JV’s MRT2 contract to maintain its earnings. Now, even that seems to be in trouble."

http://www.klsescreener.com/v2/news/view/404907

Q（吉隆坡8日訊）隨著各項基建項目遭擱置，鐵路工程大戶喬治肯特（GKENT，3204，主要板建築）股價自全國大選至今已大瀉超過70%；如今再驚傳與中國交通建設股份有限公司（CCCC，簡稱中國交建）的聯營出現裂痕，前景堪憂。



喬治肯特主席丹斯里陳溪福此前與前首相拿督斯里納吉關係良好，更在前朝政府時期獲頒數項鐵路工程，無限風光。然而，隨著大馬政權變更，多項基建項目在新政府手上喊停，喬治肯特前景瞬間黯淡無光。

東海岸鐵道計劃（ECRL）、捷運第三幹線（MRT3）和隆新高鐵計劃皆遭擱置，如今僅剩與中國交建聯營進行的捷運第二幹線（MRT2）工程仍在進行中。截至4月份，MRT2工程已完成25%。

不過，財經周刊《The Edge》 引述知情人士報導，喬治肯特與中國交建據傳因MRT2旗下一項總值10億令吉的系統工程配套產生矛盾，雙方糾紛經已傳入捷運公司（MRT Corp）高層耳里。捷運公司總執行長拿督斯里沙里爾僅稱將密切留意此事，拒絕多做回應。

喬治肯特股價曾在今年3月15日上探4.36令吉，倍受券商看好。然而，截至上週五（6日），該股已從最高點墜至1.16令吉，勁挫73%。

http://www.klsescreener.com/v2/news/view/401755

MP Corp' s announcement on 3 July 18:
"The Court of Appeal has now fixed 10 July 2018 for the Hearing of the Stay of Winding-Up Proceedings."

Company announcement on 2 July 18:

The Board of Directors of the Company wishes to announce that the Company and the relevant parties are in the midst of negotiation to purchase Wisma MPL.

On 13 June 2018, the High Court has allowed RHB’S Winding-Up Petition and dismissed MPCORP application to stay the Winding-Up Petition and application for Notice of Motion to Strike Out the Winding-Up Petition.

Pursuant to the Court decision, Mr. Mok Chew Yin and Mr. Ong Hock An of BDO Consulting Sdn Bhd have been appointed as the Liquidators. The Company had on 14 June 2018 filed an appeal to the Court of Appeal against the Winding-Up Order and also application for a stay of Winding-Up Order pending the appeal.

Calvintaneng,

I read your blog pertaining to Mpcorp on Thursday's morning. After studied this company with my logical thinking that i decided to buy on Thursday at 0.045-0.05 x210k & also bought on Friday at 0.045x120k, in total i have 330K. For your information, if the company's appeal got rejected in August, then official assignee will be apointed & i estimated the shareholders will get their due distributions before end of 2019. Under worst scenario that possible the boss might privatised or putting in a proposal to revive the company. Anyway in investment there is no such thing know as risk-free & i responsible for my own action!
Cheers,
Lachai2004

I noticed many syndicates/ fund managers/ retailers have followed uncle KYY's recommendations his mentioned in his blog, the most recent ones were HY, Sentai & Jacks but i believed too, many had been burnt too! I like his theory of shares investment but i never follow his counters!!

I may think of buying when it drops again to 0.445!

This stock is on down trending with a technical rebound last 2 days of highest done at 0.54 with 700+millions traded. Likely it will gradually traded lower to attract the smart investors. If you don't believe it, please buy to raide with it, then feel!

When a counter was being highlighted by "media " from past many year's observations that almost certain it will drop!

Kcchongnz, Otb,Superinvestor & other i3 members, all are good at their own rights as shares investment is not an easy task, in which so many factors causes the prices of these shares to fluctuate, worst still with current market selldowns not many counters are able to escape this tsunami! Every investors should learn the skills/ methods of buying & selling of these shares & throughly understand the risk involve that at what level of risk he/she is able to withstand as not to blame others for their own losses. No ones is able to be righted 100% in stock selection!

Someone had said these, in bull or bear market, if an investor is able to stay invested for:
1. 3-5 years- consider Good
2. 6-8 years- consider Very Good
3. 9-11 years- consider Excellent
4. 12- more years- consider Superb as ones had gone through many cycles of bull & bear markets because 90% of the retailers endup lossing money & some even worst disappeared from the share market for ever!

AKUALA LUMPUR (Jan 8): RHB Retail Research said Sapura Energy Bhd may rebound further after it continued holding above the 66.5 sen support.

In a trading stocks note today, the research house said last Friday’s candle sent the stock to its highest close in nearly three weeks, thereby enhancing the positive sentiment.

“A bullish bias may appear above the 77 sen level, with an exit set below the 66.5 sen threshold.

“Towards the upside, the near-term resistance level is at 92 sen. This is followed by the RM1.10 level,” it said.

The volume traded for 1st hr was very much higher than any other fullday trade at it...Implied the momentum is still excellent

Copied from ikan bilis:
2018年的马股一开市到今天，短短三天就冲破了1800点的水平。大多数的股票都升多跌少，很多人都赚大钱。甚至有人说随便买哪一只都中。当每个人都随便买随便赚的时候，反而有一些人会开始害怕。因为巴菲特说过“当所有人都贪婪的时候，你应该觉得恐慌”。其实这句话并没有错。而且很多人都担心经济风暴要来了，甚至很谨慎地不敢买太多或不敢进场。

其实，我想要分享的有几个重点：

1）当熊市时你不敢下场，而牛市时你又害怕，那么可能你真的不大适合在股市里面打滚。

2）有机会赚钱时，就应该赚！当然也必须考虑一下风险后才进场。可是过分的顾虑犹豫只会令你损失机会。

3）金融风暴如果真的到来，会出现很多症状和频密地发生一连串的事情，所以不需要太过杞人忧天。

4）趁着大牛来的机会，又或者大选前的机会，彻彻底底，风风光光的大赚一场。如果熊市真的要来，那时候可以立刻卖盘离场。

Note: Buy or sell at your own risk

We should understand that whatever counters proposed by someone in any blog/forum, we ourselves must be responsibled for the actions of buy/sell and never blame the writers/ sifu because at the 1st place we must analysed the facts/ figures presented b4 making any investment decisions !

http://www.klsescreener.com/v2/news/view/302297

Investors who follow KC's way of investment are able to survive through the bear & bull markets with minimum of turbulents, but if investors have learned to sailang with borrowed money, then it's very likely that you wil go through a roller ccoater life with a lot cchallenges!

This forum now is getting more excitings during this downtrend market corrections especially for the supporters & opponents of certain counters, as the klse composites index has already declining for the past 9 sessions which indicated that the market's sentiments was extremely bearish in the near term. If we are not making money now, then it's alright but ones must make sure that ones must able to preserve ones' capital as the saying say " conserve your energy to prepare for the next battle" ! Right or wrong in predicting a counter is not absolutely important but what counted most is overall that you are making profits & your supporters are happy with you, as in this market that you don't need to be right 100%, if you are able to maintain 50% success rate, then you already superd investors! Cheers

This forum now is getting more excitings during this downtrend market corrections especially for the supporters & opponents of certain counters, as the klse composites index has already declining for the past 9 sessions which indicated that the market's sentiments was extremely bearish in the near term. If we are not making money now, then it's alright but ones must make sure that ones must able to preserve ones' capital as the saying say " conserve your energy to prepare for the next battle" ! Right or wrong in predicting a counter is not absolutely important but what counted most is overall that you are making profits & your supporters are happy with you, as in this market that you don't need to be right 100%, if you are able to maintain 50% success rate, then you already superd investors! Cheers

The press statement by the management regarding the losses incurred by water disruptions had shown the shortcomings of the management team as this problem was not even mentioned in their prospectus for the IPO or at least a warning of the drop in profit in their upcoming quaterly reports. The cornerstone investors should claim their losses through the proper chanels!

What i know for sure is this counter has very limited free float as the shareholding is tidely held!○-○

We shall consider ourselves extremely lucky if we have pick the right stocks and have successfully sold it with good profit, but in stock market that many factors are beyond our control and sometimes when we are too accurate in picking the right stocks that accidently we be carried away & become over confidence! Everybody knows stock picking is the game of probability○♡○

Please refer to the Bursa announcement on 25 May 17

Not to be disturb by the daily movements○♡○

http://www.klsescreener.com/v2/news/view/246441

Look like still ZZZZZzzzzzzz

For your reading pleasure:
KUALA LUMPUR (June 19): Technology empowerment company Sedania Innovator Bhd expects income to start coming from recently acquired Islamic FinTech platform provider Sedania As-Salam Capital (SASC) as early as the second half of financial year ending Dec 31, 2017 (FY17).

At the extraordinary general meeting today, shareholders approved the SASC acquisition for RM12 million, whereby RM4 million will be by cash, and RM8 million via issuance of 25.8 million new shares at 31 sen each.

Under the acquisition, SASC would provide a minimum profit guarantee of RM1.5 million per year for FY17 and FY18, it added.

The company said the acquisition is expected to be completed within 3QFY17, and to contribute positively to Sedania in 2HFY17 onwards.

Since 2010, SASC has provided the As-Sidq system, a Tawarruq commodity trading system that utilises prepaid telecommunication airtime credit as the traded commodity based on Syariah principles, said Sedania in a statement today.

“The electronic and fully-automated As-Sidq system is currently utilised by 21 financial services companies in Malaysia, including financial institutions and cooperatives, to facilitate Islamic financing to customers,” said Sedania.

To date, As-Sidq has processed more than 300,000 personal financing transactions with total worth of more than RM25 billion, it said.

“This acquisition is exciting for SEDANIA Innovator, because we are now able to bring this proven and emerging FinTech platform to revolutionize the Islamic banking sector, not just in Malaysia but also beyond our shores,” said its managing director Datuk Azrin Mohd Noor.

“Being a part of a listed entity would boost confidence in As-Sidq amongst current and potential clientele, and open the door to offer beyond personal financing, into hire purchase, mortgage, credit card as well as deposits,” he said

“We are actively engaging with various financial institutions, and target to increase our customer base from 21 to 25 by year-end to further strengthen our position as Malaysia’s premier FinTech player in the Islamic banking sector,” he added.

According to the independent market research report, the personal financing market under the Islamic banking system in Malaysia was valued at RM28.8 billion in 2016, amounting to 41.7% of the total personal financing market, it said.

It said industry reports have also indicated Islamic banking’s growing popularity across other sectors, where the deposits segment was expected to reach RM2.2 trillion by 2020, mortgage and hire purchase valued at RM327.3 billion, and credit card at RM3.7 billion by the same time.

Datuk Azrin said that Sedania’s entry into the FinTech space formed one of the Group’s pillars in empowering users with cutting-edge technologies.

“With FinTech now in place, our growth will be propelled by this emerging technology alongside other existing components of AirTime Share, Internet of Things, Green Technologies and Big Data Analysis. SEDANIA Innovator has now entered our high-growth phase to sustain our performance going forward,” said Azrin.

Shares in Sedania closed half a sen lower or 1.56% at 31.5 sen, giving it a market capitalisation of RM62 million.

○♡○ Hold on for this stock??

Market generally had consolidated downdards, if you are lucky enough & if the operator has no gut to push higher, then you may get it below 30 cts!!

Very obvious this counter had been tightly controlled by operator who was extremely experience even though; the market had already rebounded, Fintech purchased approved by Bursa & QoQ result had improved >100% but, the share price still about 20% away from the recent high of 0.37! The EGM to approve the Fintech purchased scheduled on 19 June 17 then only pushup the share price the next after the newspapers reported it? As for the investors please be patient & buy more at current price to grow with the company! We hope to catch an exponential growth company like myeg & many of the Technology counters in the ACE! Cheer!

The panic gapped down selling recently of 28 cts had been covered now! ○♡○ more surprises are on the way!

It's already playing since 22 cts○☆○

Still in downward consolidation or waking up soon! ♡¡♡

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