Can buy, probably due to result announcement for coming this month...or https://www.thestar.com.my/business/business-news/2017/10/24/edaran-secures-rm150mil-customs-contract-and-eps-to-jump-16-sen/ "Its major customers are Government-related. They include the Customs Department, the International Trade and Industry Ministry, Universiti Teknologi Mara, Department of Syariah Judiciary Malaysia, Universiti Teknologi Petronas, the Prime Minister’s Department, the Science, Technology and Innovation Ministry, and the Inland Revenue Board." Government want to renewed their system due to upcoming SST enforcement...kiki
KUALA LUMPUR (Aug 13): Bursa Malaysia said today proprietary day trading (PDT) short selling of Edaran Bhd shares has been suspended for the rest of the day. This is because the daily short selling trade limit has reached 3% of the issued number of shares in IT services provider Edaran.
"The short selling under PDT will only be enabled the following trading day, i.e. Aug 14, 2018, 8.30 am," Bursa said in a special announcement today.
Today, Edaran shares rose 21.5 sen at 12:30pm to settle at 67 sen with some 31 million units traded. The stock had earlier risen to its intraday high at 74.5 sen.
The PDT short sellers now cannot short this counter and still have short position to cover amounted to 1.8 million shares. Very high chance the share price will go higher for today and tomorrow..
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yiqqre
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Posted by yiqqre > 2018-08-13 11:16 | Report Abuse
Great opportunity limit up.