I first bought this stock on 6 Nov 2015. it was then known as Panpages. I bought 5000 shares @ 0.31. I never got to sell the shares because prices kept falling until there was a change in ownership (I think) and Panpages changed its name to MSCM. My 5000 shares rose to 15,000 shares with share splits and bonus issues when the company changed its name to Hong Seng. Before the recent share split, Hong Seng was trading at 1.55. After the recent share split, my 15,000 shares doubled to 30,000 and the x price was 0.835. Today the market value of my 30,000 shares is RM32,100. Contrast this to the RM1,550 (before brokerage, etc) I paid for the 5,000 Panpages shares in 2015. Hong Seng has now proposed to issue 1 free warrant B for every 3 ordinary shares. Barring any unforeseen circumstances, I can see that the value of my shares is likely to rise.
No trouble dont look for trouble. You wud be buying at the very peak now. It has moved from 0.80. A lot dy. Its rsi is at 94%. They always drop when rsi hits 94%. Stay away.
I guess it's targeting the year high of 1.88. It's rising bits by bits with some leeway for profit taking. it has proposed to issue fee warrants B at 1 for 3.
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....
siulong1
406 posts
Posted by siulong1 > 2021-07-12 16:35 | Report Abuse
the queue buy volume damn high....