if tomoro close green, it might start to rebound, or else the next support is 0.43, next will be 0.375, i think the operator might exit from this counter, since goreng for more than 1 year, what i afraid is that the counter is turning into downtrend, we are trying to catch the falling knife
The MDT's dream is over. However, there is light at the end of the tunnel.
According to the Edge report, Systech is currently under a New Management Team with Mr. Lee Choon Teng as the Executive Director who has many years of working experience with various banks. So he should have established a good rapport with many banks in the banking industry which augurs well for Systech 's future development as Maybank is already a customer of the company acquired. Hopefully more banks would join in for the systems . Pos is also one of the users.
So this is one of the major steps for revamp towards a brighter future.
Hopefully rebound steadily upwards with more acquisitions targeted for growth and expansion towards the new year 2024 which is only one more month to go.
MULTIPLE PROPOSALS SYSTECH BHD ("SYSTECH" OR THE "COMPANY") (I) PROPOSED SHARES ISSUANCE; (II) PROPOSED ACQUISITION; (III) PROPOSED BONUS ISSUE OF WARRANTS; AND (IV) PROPOSED ESS (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS") https://www.malaysiastock.biz/Company-Announcement.aspx?id=1529647
a new-owner-play has weakened into CN, Correction in a short time. a 1st case in history.
the new owner made so BIG money by taking over a PLC. n thinking its so easy to do so as the stock will fly high by itself. not sure how great these corporate proposals r. mkt forces will tell.
Note the style of this OPERATOR: They press it down to collect before pushing up. Remember the "super low" takeover offer share price @ 0.220? Now, only a few months down the road, they are issuing new shares @ 0.360 per share to the seller when the current share price closed at 0.455 yesterday,,,
Hmm. think about this and reflect of what happened to the share price after the takeover was completed???
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....
AhHuat168
290 posts
Posted by AhHuat168 > 2023-11-28 00:15 | Report Abuse
if tomoro close green, it might start to rebound, or else the next support is 0.43, next will be 0.375, i think the operator might exit from this counter, since goreng for more than 1 year, what i afraid is that the counter is turning into downtrend, we are trying to catch the falling knife