1997 is what financial crisis Thailand bank problem bear market slowly slowly drop 9month 2004 is what SARS outbreak bear market heavy quick drop 1month 2008 is what financial crisis US bank problem bear market slowly slowly drop 9month 2020 is what covid-19 outbreak bear market also heavy quick drop
when KLCI reach all time high 1895 point end bull market ,KLCI retrace 5% from high still bull market first quick drop is PENNY stock, KLCI retrace from high 10-19% still bull market second slowly slowly drop is blue chip and Mid-cap stock , KLCI retrace from high 20%-40% from high enter bear market all investor panic drop heavy is blues chip ,mid-cap and penny stock this is last stage market stock all bottom.
market crash is all story different one financial institution bank problem economy slowdown 6 quarter ,outbreak Virus economy slowdown 1-2quarter . with one hard recover ???
On April 16, 2003, following the outbreak of SARS KLCI from high 925 point drop to 750 point low drop -20% SARS still have 6-9 month but KLCI and world market only heavy drop one month after that market rebound with strong super bull rally 4 year until 2007 .
STRONG BUYING PRESBHD (5204) 1 [SERBADK]: SERBA DINAMIK HOLDINGS BHD is confirm buying from PRESBHD (5204): PRESTARIANG BERHAD 2.5mil ( Prestariang Education Sdn Bhd ) is deal... 2) Prestariang Skin Sdn Bhd (PSKIN), had initiated legal action to seek RM733 million in damages, after the government terminated the project it had awarded to PSKIN in 2017. goverment is in NEGOTIATION Status from latest NEWs . amount maybe reduce to RM500 million . 3) Prestariang Bhd, the sole Microsoft licensing solutions provider for the Malaysian government, has proposed to undertake a private placement of not more than 10% of its issued share capital to raise up to RM19.29 million. from BURSA is approve already.
one year ago l said focus will up to $1 ".people laugh . especially a man called MICAEL TOM TOM ask people go to bottom TOM TOM netx! Today l say fintec will over take focus ...
It is not Credit Suisse buying the shares but clients who open accounts with Credit Suisse overseas. It can be anyone or operators doing it to impresse investors
This is another Malaysia Boleh Co. At RM1.01 the market capitalization of RM2.065 billion. It has poor financial performance for both the top and bottom line in the last 5 Financial Years.
The net asset or total equity of the Co as at 31 March 2020 was RM41.5 mil though its paid up share capital was RM86.97 mil. The CO has accumulated losses incurred since its listing of RM46.8 mil. Surprisingly, the share price kept creeping up dubiously. Howe could the market so illogically valued it at RM2.065 bil compared to its net asset of RM41.5 mil.
Poor investors could get burn to ashes when reality check come and noted its financial cannot justify the share price. Price being goreng up and cornered by the main players with self interest could only explained the illogical price of RM1.01
I am amazed Focus is valued at RM2.065 bil. I noted the key shareholder is Fintec with 25.3 %. Studying list of 30 top shareholders and changes in substantial shareholders noted most shares are all held thru Credit Suisse Dublin and HK plus other reputable overseas Nominees without naming the beneficiaries to let the market think big names are holding the shares.
I WONDER WHY WOULD INTERNATIONAL INVESTORS WOULD WANT TO INVEST IN SUCH POOR FINANCIAL CO. I think this is certainly unlikely but most probably proxies of interested parties or operators who has interest in pushing its share price up and misleading the market with international names buying the shares.
From the 31 Dec 2019 Annual Report, it turnover was RM39 mil and reported a net loss of RM1.89 mil. Look at the financial summary below for the last 5 financial years and note that except for FY 2017, the Co reported losses for last 5 Financial years from 2015 and turnover for the Co has been less than RM39 mil.
Review the Q1 31 March 2002, the Group’s revenue decreased marginally from RM9.95 million in corresponding quarter of last year to RM9.28 million in the current quarter, representing a decrease of RM0.67 million or 6.72%. When compared to the preceding Q4, the Group registered a decrease in revenue to RM9.28 million from RM9.95 million in the preceding quarter, representing a decrease of 6.72% or RM0.67 million. The Group registered a PAT of RM0.75 million as compared to LAT of 3.03 million in the preceding quarter due to impairment loss of financial assets of RM2.16 million, Interest of Right of Use Assets (“RUA”) of RM0.56 million and depreciation of RUA of RM1.30 million during the quarter with the adoption of MFRS 16 for FYE 31 December 2019.
The question investor got to ask is the Co worth RM2.065 bil. The share price is 1.01 and for FY 2019 and 2018, it reported loss earning per share of 0.09 Sen and 0.16 Sen respectively. Q1 2020 earning per share 0.04 Sen
i feel like Focus is the mascot of fintec.....like they purposely suppress fintec and let focus fly to be the "face", representing the "face value" of all their sky high goreng stocks price LOL
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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....
roger3211
10,711 posts
Posted by roger3211 > 2020-03-05 12:18 | Report Abuse
Government fund Pelaburan Mara Acquired Fintec 27,999,999 shares