What is the reason behind the price spike?

I bought half shares half warrant. If privatization, shares better. If price goes up, warrant better. Now this kind of uncertainty, I seriously dk what to do.

That's why I think the possibility for XL to buy in MAG becomes higher, haha. If not, he is damn confident with the next quarterly results, that's why he bought so much.

I don't think this amount is suitable for goreng anymore.

Ya, lmao. What benefit will he have for holding so much? This is the part that I don't get.

Another 3 million for private placement at 0.455. Too bad, I don't have the bargaining power for such private placements.

Yes, he worked for a Singaporean REIT once.

superman7181, if privatization, how much you think they will buy from us for the main share, warrant B and warrant C?

Yes, seems like it. Haha

Lol, laughingmosquito. If you're here, who's guarding JAKS from getting bad-mouthed?

Lol, I like how you guys contribute effort to curse people continuously.

My sweet RGTech, you are one of the remaining undervalued Tech stocks. Please don't get ruined by short sellers. Hope you reach RM1.

Well, I wouldn't need to share that tremendous value with shareholders if I privatize haha. So, ya same. I hope he won't privatize before next quarter results.

Well, what I wanted happened. Will reenter around 0.35 because that's what its intristic value lies around.

superman7181, some ridiculous ideas for you. Maybe Mr Ng wanted to privatize MAG Holdings then put it under XL Holdings, since he is chairman for both companies.

MZM2511
Here's new data for you.

From Simply Wallstreet (22 Dec 2021)
Percentage of share ownership in MAG:
Insiders - 69.5% (The Executive Chairman, Mr. Ng Min Lin owns 50.74%)
Private Companies - 21.3%
General Public - 7.1%
Institutions - 2.1%

If not mistaken, that 25% includes institutions and private companies as well. So, I guess this composition is still allowed, but seriously too close.

Lmao, if buy from us, even 0.25/0.3 I already happy.

superman7181, I seriously thinking that there is a possibility of privatization since he added another 5 million shares this month.

Ironically, he questions why Dyson terminated the contract and left lots of workers jobless, lmao.

From Andy Hall's Twitter, he retweeted this link.

https://www.business-humanrights.org/en/latest-news/malaysia-dyson-decides-to-terminate-relationship-with-ata-ims-remediation-of-adversely-impacted-workers-urged/

Lucifer999 how soon? Weeks ago, you said the same stuffs though.

Haha, ATA‘s sudden spike to 0.7 makes it no longer my steel rice bowl haha, since I planned it for long term. I actually wanted to buy some mid rise next year, but now it rose too fast and has limited growth space now.

Although he seemed to focus on MAG more on XL (which is bad for XL), he did purchase the XL shares back.

Haha I get you since I went to study XL Holdings before. However, Mr Ng's purchase of shares only occur during the downtrend which happened long after the price boom of XL counter.

superman7181, I always wanted it to up slowly haha.
I bought ATA at 0.43 and wanted to hold until 1.0, but the buying volume suddenly increase too much. Like a rubber band, too much buying pressure at the start is usually not too sustainable, so now it's stuck at 0.7 price range.
So, I hope MAG increases slowly more like a slow but consistent builder.

Basically, Topglov is supported mainly by the general public.

You sure this rally won't fail again? With ISS at next year, you really sure it will work?

For Aaron, let's compare ATA’s and Topglov’s share ownership.

ATA:
Private Companies 41.0%
Individual Insiders 27.2%
General Public 16.2%
Institutions 15.2%
State or Government 0.3%

TopGlov:
General Public 34.4%
Individual Insiders 28.9%
Institutions 28.1%
Private Companies 8.5%

But seriously, I hope the price gets push down by shortist, I wanna make a repurchase of ATA.

Ken1008, 0.65 - 0.75 will be the temporary price range of ATA IMS. In my opinion, that's the "fair" value deemed by the market for its current condition, since it still has three good prospects.

1) The return of Dyson after the scandal dies down.
2) The increase in other customer's orders after most production capacity is freed up.
3) The entry of new foreign labour for ATA to expand its production capabilities, thus more potential customer sources.

However, it still has some risks as well.
1) Since lots of analysts deemed this counter a bubble, many will try to short it during next year when ISS is approved.
2) Although no news is good news for ATA for now, it will be disastrous for the share price if there is no good news for the next remaining 5 months.
3) Despite the support from general public, ATA's share price can't grow substantially without setting a good image for CSG and clearing out its bad name.
[CSG = Corporate Sustainability Governance]
4) Andy Hall. Yes, this guy's been eyeing other companies, thus leaving ATA alone. However, he still hangs that ATA's alleged forced labour video like a trophy. So, maybe he will come back to ATA in the near future since ATA is one of the company that will benefit from the MOU between Malaysia and Bangladesh.

No matter what, I still support ATA and hope it resolves these issues. Only with it moving forward, EMS sector can recover well.

On the other side, the price of prawns will increase too much without price control. With expensive prawns, I guess my CNY will be prawnless, haha.

Well, still depends la. Our beloved government came out with a price control list which includes prawns during CNY 2021. If it comes out, it confirms scare away short-term traders. So, we got to read news everyday.

Might not help much with the share price, but here's some good news.

PETALING JAYA: Mah Sing Group Bhd’s subsidiary, Mah Sing Healthcare Sdn Bhd, has obtained the Certificate of European Union Medical Device Regulation (EU-MDR) for its nitrile examination gloves after meeting the requirements of Regulation (EU) 2017/745.

https://www.thesundaily.my/business/mah-sing-healthcare-gets-eu-clearance-to-market-nitrile-gloves-JF8689803

Might not help much with the share price, but here's some good news.

Iconic gets FDA approval to sell gloves in US
https://www.thestar.com.my/business/business-news/2021/12/23/iconic-gets-fda-approval-to-sell-gloves-in-us

Since MAG is now considered the big 3 in Malaysian aquaculture sector, it should have the power and resources to rake in profit during the shrimp and prawns shortage. If they can't do it, then the key senior management members' names will forever be on my ban list.

Well, I don't have the money to all in, so I got to be careful with my small investments. By the way, looking at the current price of local prawns, I guess the reason the director bought so much is due to the expected increase in buyer's volume.

Agree, since that location is very strategic as it absorbs customers from Puchong and Bukit Jalil altogether.

The recent share price maneuver also made me worry as hell.
At least there is still hope seeing Singapore REIT (Frasers) still having significant shares in Hektar. If it also no confident in Hektar, then we straight game over.

Shares ownership percentage by Simply Wallstreet:

Private Companies 32.4%
Institutions 31.9%
General Public 30.7%
Individual Insiders 5.1%

Top 2 Share Owners with more than 10% shares are:
Hektar Black Sdn. Bhd. 31.16%
Frasers Centrepoint Trust 31.15%

Usually, it's affected by negotiations. Maybe, the institutions gave a "fair" value of 0.450 before the private placement is taken.

Malton was having an indirect discussion today with Pavilion Reit in the matter of selling Pavilion Bukit Jalil to Pavilion Reit.

Malton was having an indirect discussion today with Pavilion Reit in the matter of selling Pavilion Bukit Jalil to Pavilion Reit.

The company is relatively healthy and the share price is not rising tremendously. That's why I treat it more as a hidden potential share rather than a goreng stock la.

I am more on the fundamental part of this share. To me, the share price is quite undervalued which attracts me. For EP, you mean estimated price, right? I think I am looking at at least 0.25.

Plus, I am a really small trader so even the transaction fees can ruin me.

Yes, but my funds are as tight as a virgin rightnow ahaha

Yes, technically not bad. However, that dividend not enough to cover my capital loss which is very sad.

Yes, agree. Hope it reaches new height.

This share I will put on hold until the Jan 2022 results come out. I don't think the price will rise any further soon until that happens.

XD, same. Hope your investments work well for you too and hope everyone have a good new year.

If you are the shark, which company will you choose based on the share ownership percentage, lol?

Most shares are still owned by private companies and insiders in ATA, but general public stands at the top of ownership for Topglov.