U.S COMPANY Caravan Capital Management LLC OWNING ARBB COMPANY SHARES 18,496,151(6.30%), GOOD NEWS GUYS! DON'T SAY BOJIO, ITS SAPU ARBB 7181 SHARES TIME!
From the announcement dated 27.02.2020, proposed dividend of 1 sen for year ended 31.12.2019 and prior year dividend of 1 sen being approved on 21.05.2020 and entitled dated 13.06.2019 with notice of issued on 29.04.2020. If based on past trend, the dividend was a guild then the notice will be issued in very near term on the AGM soon. Furthermore with MOU signed with Huawei announced 22.10.2019, 24.10.2019 and 27.02.2020, anticipation of further development in near term as it has been 6 months and 2 months since last announcement on the MOU.
With high volume after T3 that is on 28.04.2020 (38.9967 million shares ) and 27.04.2020 (41.691 million shares ), IFCA following volume follow through volume is relative small that is 16.145 million shares due on T3 today for shares transacted on 29.04.2020, 30.04.2020 on volume of 12.696 million and 04.05.2020 (yesterday) for 12.239 million shares. With this relatively small volume the chance for this counter to move north is extremely good
The longer oil price stays depressed, the higher the chance of government bringing back GST. If you look around the world, GST (or VAT) is the most efficient tax system by far
Based on track record on price the counter retreat from RM0.445 to RM0.455 to current price of only RM0.320 to RM0.325 is consider very safe and comfortable price to consider consider current market substantial number of counter going back to its pre crisis position
With potential interest rate cut by 50 basis points by Bank Negara, market is poised to move higher.....IFCA is a good bet to ride. A cash rich company with no borrowings!
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....
Investing_Bursa
2,487 posts
Posted by Investing_Bursa > 2020-04-24 10:59 | Report Abuse
Huawei and IFCA are finalising their contractual agreement also