this guys articles got no substance at all. MMC is inside zelan for years already its not like they suddenly emerge as a major shareholder. i only read a few of his articles and find theres nothing informative about it
Zelan Winning Meena arbitration has no meaning....just that it won an empty shell mah....!!
Remember ahmad zaki...after winning the court case more than 8 years ago ...but still has trouble enforcing....the same is likely to happen to zelan mah....!!
So do not dream so much....and expect too much....the more u dream the more is your disappointment mah...!!
CONCLUSION
Considering all the above, I opine that current price for ZELAN is attractive due to below:
i) Tycoon TS Syed Mokhtar Bukhary is a majority shareholder thru MMCCORP with 39.25% shares
ii) For recent FY2019, recorded 3 QR profits and 1 QR loss, which is a big reversal of trend in its financials
iii) Arbitration win of RM 297.6 million to boost its NTA by 35c
v) Weak holders being shaken out, and buying volume significantly improving to test a breakout of EMA365 above 7.5c soon
LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEAR FUTURE FORBEARING ANY GOOD CORPORATE NEWS.
Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cnyang
93 posts
Posted by cnyang > 2020-06-18 19:18 | Report Abuse
talking nonsense..... tycoon being inside there for many many years. From the time this counters held a big amount of Gamuda shares till today