don't buy this stock..Vis will drop back at 0.17 and below based on NTA (RM0.17)..,yesterday seller Q for opening at huge volume (4 mill units at 0.17)...
PETALING JAYA - Visdynamics Holdings Bhd continued its downward spiral with its shares plunging as much as 78% in just two trading days. Visdynamics' share price went down sharply just after the opening bell yesterday, hitting limit-down once again with a steep decline of 30 sen or 63.83% to 17 sen, before closing 19.5 sen or 41.49% lower at 27.5 sen. Despite the plunge, it was the most active stock with 107.88 million shares traded. Its intra-day low of 17 sen equalled the level before its stellar run-up since March last year. Since that period, Visdynamics' had been charging up strongly, reaching a peak of 78 sen on Monday before a heavy selldown in the afternoon session. On the same day, the automated test equipment manufacturer was queried by Bursa Malaysia, but its management said it was unaware of any developments that may have contributed to the unusual market activity (UMA). It was reported that Visdynamics CEO Choy Ngee Hoe did not sell his stake during the selldown period, which rules that out as possible cause of the hefty decline of its share price. According to the latest filing with the stock exchange, Choy still holds a 30.32% stake, being the single largest shareholder in the company. For the financial year ended October 31, 2013, Visdynamics posted a net loss of RM2.40 million, higher than the net loss of RM438,000 a year ago. However, it turned into the black by registering RM581,000 in the first quarter ended January 31, 2014. Visdynamics' selldown followed a few small-caps firms, particularly the ACE-market listed, that tumbled on Monday. A few of the small-caps that were hit hard on Monday rebounded marginally yesterday, MNC Wireless Bhd and Solution Engineering Holdings Bhd ended the day higher by 2.5 sen and 1 sen, to 17 sen and 14 sen respectively. However, Industronics Bhd still lost ground, to close 6 sen lower to 32.5 sen. MNC Wireless Bhd and Industronics Bhd were also slapped with UMA queries by Bursa Malaysia respectively, with the former denying any corporate developments, while the latter said it was exploring an internal reorganisation proposal within the company. Another stock to watch is Wong Engineering Corp Bhd, which in a reply to UMA query clarified that it is in the final stage of negotiation for the supply of mechanical and industrial product to the oil & gas industry. Its share price declined as much as 26 sen or 30.23% to 60 sen, which is quite close to the 30 sen limit-down level. The FBM ACE index dropped 2.75% as a result of the heavy selldown in the small-caps, compared with the broad-based FBM KLCI which rose 0.19% yesterday. Besides that, the market has been trading cautiously this few days with losers leading gainers significantly. A dealer, whom declined to be quoted, said the correction in most of the stocks is "part and parcel" of the stock market, whereby it may offer an opportunity to buy in. "I don't think it is a bear market, the investor should not panic," he said. At the same time, he also urged investors to look into the fundamentals of the stock before buying in, as overvaluation is some stocks may lead to a huge correction.
It's hard to catch falling parang Cbip is a much better stocks , can't compare with vis Vis is conjob They just keep rolling and rolling but no money to pickup the shares
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....
stupid168
336 posts
Posted by stupid168 > 2014-04-30 09:54 | Report Abuse
Please wake up.....RUN to save ur pocket money....