Wow lol lost 7.5m in one qtr ... what type of management ... can foresee this counter is potential candidate of pn17 ... 7 ctrs also not worth to buy ... wait for it drop to 5 cts only consider... : (
KUALA LUMPUR (April 16): Securities Commission Malaysia (SC) chairman Datuk Syed Zaid Albar said today Bursa Malaysia will provide Main Market listed companies temporary relief from the Practice Note 17 (PN17) classification to give them more time to regularise their financial positions as they contend with challenges due to the Covid-19 pandemic.
Syed Zaid said Bursa will provide similar temporary relief from the Guidance Note 3 classification to companies listed on the ACE Market.
"These measures will allow companies more time to regularise their financial positions. The period for this PN17 relaxation will be effective from April 17 this year (2020) until June 30, 2021,” he said during a virtual media briefing in conjunction with the release of the SC’s 2019 annual report today.
According to the SC, the PN17 temporary relief for Main Market-listed companies is based on three criteria. These include requirements that the shareholders’ equity of a company on a consolidated basis is 25% or less of its share capital and that auditors have highlighted a material uncertainty on the firm as a going concern. The criteria include a company’s inability to provide a solvency declaration to the exchange, according to the SC.
Noting that extraordinary times call for extraordinary responses, Syed Zaid said “this is not business as usual” and the SC is deploying a wide range of regulatory tools to support the market and its participants.
“While the SC is doing what it can to support the businesses, we remain steadfast in ensuring investor interest is protected during this challenging time. We continue to raise investor awareness on scams, as scammers tend to target people during times of uncertainty.
“The SC will take a targeted approach to protect vulnerable investors and minority shareholders. I would also like to remind our intermediaries to remain vigilant and for PLCs (public limited companies) to remember their obligations to shareholders and to make timely disclosures,” he said.
The SC also assured investors that the Malaysian capital market remains fundamentally strong and is functioning in an orderly manner, supported by deep domestic liquidity and complemented by the government’s stimulus packages.
As the financial system adjusts to the impact of Covid-19, Syed Zaid said the SC will continue to monitor the evolving situation in global and domestic markets, calibrate its responses and update the public accordingly.
Dont forget there is one stock that always follow GETS' movement, but it is still lag behind. Take a look at KTB (4847), the price is still as bottom and ready to take off like GETS. Buying interest appeared today followed by few days of consolidation, despite market sentiment was very bad last few days, KTB is still cant break the recent support of 0.035, means someone is collecting at that price. I believe the buying interest will shift from GETS to KTB by tomorrow.
Remember, nowadays people like to goreng penny stock with low volume. KTB is one of it that yet to spiked like others, hence low risk but high return. Good Luck and hope everyone make money from Bursa.
Suddenly this counter attract my attention. Dont know what will happen next. Just drop by here. Mybe will consider to joint later if got positive move.
Result like shit also can up that much. This week q2 result i dont think will be good. Huge assets which mean huge depreciation while no business during covid, sure another 8 digit loss.
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....
goodgain
181 posts
Posted by goodgain > 2019-09-06 20:04 | Report Abuse
GO coming