"we look forward to profitability this year with the commencement of oil trading business"
the new business is expected to contribute 25% or more to the company's bottom line in the future/ "the margin for this business is steady and it goes on high volume"
At EGM, Raya international also obtained green light from its shareholders for the proposed special bumiputra issue of up to 12.5% of its issued and paid up capital representing up to 20.5 million new shares to bumiputra investors to be recognized by MITI
Unquote
my opinion selldown friday and today is those shareholders who do not agree with the diversification of business and would like to exit company. in longer term view, this diversification seems to have more positive impact to company
i think the selldown is by the faction who propose one of its member to the board but was defeated by poll count. At the EGM there was 100 per cent approval for the diversification and Bumi issue
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....
Josephine Ong
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Posted by Josephine Ong > 2016-05-26 16:25 | Report Abuse
305!