The lowest it went down to is 0.36 for two consecutive days, so we can take ema20 as its immediate support. I think selling pressure might continue for 2-3 days more before a rebound.
Date of change Shares Director/ Substantial Shareholder 31 Jan 2023 Disposed 15,000,000 DATO' SRI ANDREW TAN JUN SUAN 31 Jan 2023 Disposed 30,000,000 DATO' SRI ANDREW TAN JUN SUAN 31 Jan 2023 Disposed 15,000,000 DATO' SRI ANDREW TAN JUN SUAN 31 Jan 2023 Disposed 30,000,000 DATO' SRI ANDREW TAN JUN SUAN 31 Jan 2023 Disposed 15,000,000 TJN CAPITAL SDN. BHD. 31 Jan 2023 Disposed 30,000,000 TJN CAPITAL SDN. BHD. 31 Jan 2023 Disposed 50,000,000 DATO' SRI ANDREW TAN JUN SUAN
Selling into strength is normal, that's how you earn money in the stock market. Directors also need/want money too.
What you should be wary of is when a director is forced to sell his shares which indicates the company is in trouble like what happened to Serbadinamik last time.
By Asila Jalil - February 22, 2023 @ 3:06pm For the six-month period, the company posted a net profit of RM10.5 million from a net loss of RM5.31 million. For the six-month period, the company posted a net profit of RM10.5 million from a net loss of RM5.31 million. KUALA LUMPUR: Tanco Holdings Bhd returned to the black with a net profit of RM11.87 million in the second quarter (Q2) ended December 31, 2022 (FY23) compared to a net loss of RM2.83 million on the back of higher revenue.
Revenue jumped more than 28 times to RM29.72 million from RM1.04 million in Q2 FY22 due to higher revenue generated from its property development and construction segment.
For the six-month period, the company posted a net profit of RM10.5 million from a net loss of RM5.31 million.
Revenue for the period stood at RM51.03 million versus RM1.71 million registered in the corresponding period the previous year.
MORE NEWS UMW Holdings returns to the black, posts RM107.19mil in net profit for Q2 DRB-Hicom returns to the black in FY22, records RM187.71mil in net profit DRB-HICOM back to black with RM170mil net profit in Q2 Malaysia Marine back in black with RM16mil net profit in Q3 Managing director Datuk Seri Andrew Tan Jun Suan said the company's defensive strategy had allowed it to emerge relatively unscathed from the pandemic despite the unprecedented challenges faced by the company.
"This has put the company in a good position to resume its property development and construction works swiftly and benefit from the resurgence of the economy.
"Going forward, we will leverage our unique positioning, project management capabilities and customer-centric approach to capitalise on the economy's resurgence.
"As we move forward in the post-Covid era, we believe it is the right time for us to expand and grow more aggressively," he said.
Tanco is in the midst of completing its property development project for the Block 2 Service suites in Splash Park, a development project in Dickson Bay that has a gross development value of RM147 million.
To date, about 70 per cent of the development has been sold.
Aside from that, Tanco also owned tracts of landbank for development, which will allow the company to expand aggressively.
As the landbanks are without any borrowings, this will be a boost to Tanco's profit margin from its upcoming property development project as the company does not need to service bank loans for all its development land, Tanco noted.
The Board of Directors of Tanco (“the Board”) wishes to announce that Tanco Builders Sdn. Bhd. (Registration No: 199701030685 [446184-X]) (“TBSB”), a wholly-owned subsidiary of Tanco Development Sdn. Bhd., which in turn is a wholly-owned subsidiary of Tanco, had on 30 March 2023, accepted the Letter of Award dated 29 March 2023 (“LOA”) from China Communications Construction (ECRL) Sdn. Bhd. (Registration No: 201701022218 [1236384-H]) (“CCCESB”) to undertake the construction and completion of subgrade works from C2CH34+499.980 to C2CH40+256.140, Section 9 (“the Works”) per the Engineering, Procurement, Construction and Commissioning of the East Coast Rail Link Project (“ECRL Project”).
Please refer to the attachment for further details of the LOA.
Duh,it break 46 cents.tht y i buy.the simple trick.manage to buy monday 46.5. Expect few more days upward or one upward over 10 percent again i sell. 5/4/23 6.20pm
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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....
TomyamGong
4,156 posts
Posted by TomyamGong > 2023-01-07 17:08 | Report Abuse
Next week break 0.40