ASB has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.225 reinforcing the bullishness in the recent price movement. Ideally one would like to see an increase in traded volume to demonstrate the enthusiasm of the traders to push the price past this technical resistance level. However, there was a decrease in the traded volume in this breakout. Hence it is important to monitor the immediate price volume action to ascertain the validity of this breakout.
The Edge stock to watch tomorrow,18/9.....Executive Chairman Dato ASB converted 48.93mil ICULS into 24.47mil shares.... raising his stake to 30.17%..(direct 11.61% + indirect 18.56%).....Any sifu know whether it will trigger MGO if breach 33%? Or privatization @ what level of shareholding?
I think he is retiring and want to sell out, he don't need ASB , his DIGI share enougth for him to servive for many generation , net worth over RM300 Million.
Business still losing money after deduct capital gain, Arising from the disposal of the overseas hotel again was recorded of RM11.3million. Director got no more idea to turn around the company. Better keep your money in FD
bought 174,000 ASB-LA at 7.5 sen last week. Been Queuing a few day and finally got some. buy 7 sen and sell queue is 8 sen and i am the only one buying at 7.5 sen. buying it for the LA 4% yield + possible capital appreciation
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....
whkwoon
303 posts
Posted by whkwoon > 2014-08-04 14:58 | Report Abuse
Good sell all properties and distribute the cash to shareholder .