Gajah, You are absolutely right! me took 5 days off but still spend a time and take the trouble to study the Index Counter, they are on the move right now. Agreed MALAYSIAN market is dull but not other market.
Kalau holiday, tak payah la tengok prices, nanti lompat masok swimming pool. Trading on Malaysian market, you need to spend 1 hour in the morning (9 to 10) and then 1 hour in the afternoon (4 to 5) - enough. Other times boring!
Betul! Malaysian Market is Super Boring, especially during this time around. However, lots of Hidden Opportunity crop up now. Those Hidden Opportunity (HO) lies behind the Index Counter; The Policy Makers (HO c/w IC:TPM). 'Friday is a good day and Friday is a very beautiful day'.
And many daring people still buy because there's still the possibility of it spiking a bit sen-wise which will bring in big gains in percentage. It's like those people who buy dead duck warrants at 0.005 - 0.01 will be a 100% gain. With RM1k capital for Keywest, it might be a heavy loss percentage-wise. But ringgit-wise, not so. Not that I'm going to buy:-)
No, no!...I'm not blessing this:-) But I do see your logic and that I'm sure you know the risks here. It will be more of a gamble though because this delisting threat is very real. But at the same time, one cannot totally discount the possibility "something" might happen to create a temporary spike in price - if it goes to just 0.03 (which isn't impossible), you will be laughing.
At the very least, I think you can salvage something later on should in not work out as planned - there are always those high-risk takers who seem willing to buy any counter at 0.005. But this is not for me, thank you very much.
Anticipate next week is GREEN week, Budget 2013 looks right direction n Global markets show slight brightness !!!! This counter could claw back to 0.02 b4 it collapse down to 0.005 ............ I think n pray pray
talk2pkc, hope you had bought Keywest at 0.015? If you, or anyone else did, congratulations!:-) Sometimes it pays to take a very high and seemingly `stupid' risk.
Several proposals have been submitted to Bursa for approval today. Lets wait for Bursa feedback. If the proposal is approved, the blue sky is not far away for Keywest.
The new share issued to Xinghe is 0.20 each unit. Does it means the existing share of Keywest is now worth for 0.20? If this is true, then I think it is going to be a big jump of share price after re-listing back to Bursa.
China edible oil producer, Henan Xinghe Oil and Fat Co Ltd, plans to introduce its branded oil products to Malaysia in the wake of a proposed reverse takeover (RTO) of Key West Global Telecommunications Bhd.
The move will mark the first foray of the company, one of China's top six edible oil makers, out of its home turf, said Director, Ma Guoliang.
"Malaysia has a strong demand for peanut oil and we are upbeat on the prospects here," said Ma after attending Key West's extraordinary general meeting (EGM) here Wednesday.
Key West's shareholders approved the reverse takeover proposal by Henan Xinghe at the EGM.
Under the RTO, Key West will issue 1.9 billion new shares at 11 sen each to raise a total of RM210 million for the China company, which in turn will shift its edible oil business to Key West.
The deal will see Henan Xinghe providing a profit guarantee of 135 million yuan (RM67 million) to Key West for each of the three financial years ending 2013, 2014 and 2015, said Key West in a statement.
The RTO is expected to complete by April, after which Key West's name will be changed to "Xinghe Holdings Bhd", the statement said.
Key West in 2011 divested its loss-making telecommunications business and turned to the oil and gas business in the hope of turning around the company but the move fell through.
Henan Xinghe Oil and Fat is 91.15 per cent owned by Supreme Global Group Ltd, a China government-linked company, which is majority controlled by Testa Holdings Bhd.
Henan Xinghe positions its "Xinghe" branded oil in China as a premium brand but price them marginally lower than its rivals.
Its oil products are available in eight provinces and cities such as Henan, Beijing, Shandong and Hebei, he said.
The Chinese company also plans to set up a plant in Malaysia to process palm oil for exports back to China, he said, refusing to give a timeline.
"China is in demand of eight million tonnes of palm oil every year and we can tap Malaysia's abundant resources of palm oil.
"We are still familiarising ourselves with the market in Malaysia and our expansion plans will be carried out in phases after the takeover," he added.
Focus magazine Keywest to re listed between 25/4 - 30/4...with this development some China companies listed in Malaysia not doing well are going for RTO.
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....
nct1208
3 posts
Posted by nct1208 > 2012-06-01 12:03 | Report Abuse
sell or hold plese advice?