Covid-19: Malaysia snaps five-thousand streak as new cases drop to 4,214; 10 more deaths reported Syafiqah Salim / theedgemarkets.com February 01, 2021 18:26 pm +08
Benny yea is announced before , but still pending shareholder voting , egm will be organised during march , n the right issue with free warrant will be decide during that time
Pls read the circular thoroughly to understand the purpose of this right issue and evaluate if it meets your investment objective.
If you truly believe in the management's expertise and steel industry's longer-term outlook, the right issue can offer you a good chance to lower your cost of investment, plus the flexibility to convert the free warrant into more shares during the exercise period.
You must make your own investment decision. ----------------------------------------------------------------------------------- raymondlct126 Is it a right decision to take the right issue with warrant?
John yea, i'm also waiting for the quarter report to see how the financial goes , last qr seems good , with loses turn into profit , but liquidity nid to be improved
Based on the current steel prices, we could expect another profitable quarter in the coming result release this month. Even Ann Joo's share price has spiked up so much recently, but this counter is lagging behind.
John previously this share goes hand in hand with lionind , but currently no much movement compare to lionind ,but is okay also if the price can be stabilised
Joyce, Ann Joo, Lion Industries, Masteel, Southern Steel, etc are all in the steel family, led by Ann Joo, the mkt leader. From the price actions of Ann Joo, steel theme is still intact.
Lion Industries, Masteel and the gang used to move along with Ann Joo in the same magnitude. But recently, there seemed to be some disconnect in the magnitude. I think the mkt operators have tweeted the trading algorithms.
John what do u think about lionind compare with masteel? Which one will u more prefer? Seem like masteel have more ground to grow , bt keep on being press
Chartwise, Masteel has staged a comeback today on good trading volume from an "oversold" situation, moving up from its recent consolidation. Got to observe the next 1 or 2 days to see if this upward momentum continues.
Incidentally, Ann Joo has breached its recent high today, hopefully this will add some optimism to Masteel.
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....
Bgt 9963
7,445 posts
Posted by Bgt 9963 > 2021-01-28 08:47 |
Post removed.Why?