TYYXP coach visiting TOPGLOVE , this golden summit sochai chong visiting SAUDEE and proud to post in his fb , adui..........really faint , no wonder all their member give him nickname - sochai chong .......
- Saudee's executive chairman Khoo Lay Tatt resigned.
- Enter Fintec Global Bhd as the NEW SHAREHOLDER, with a 21.55% stake in Saudee.
- On Aug 11, Mak Siew Wei was appointed as executive director.
- Mak is also a director in AT Systematization Bhd, Green Ocean Corporation Bhd & Advance Information Marketing Bhd
- Mak's entry into those companies, have seen new business ventures being announced followed by big movements in their share prices.
- The new shareholder's cost of investment would roughly be about 44 sen, if not higher based on Bursa filings.
- Why pay 44 sen for a loss making and debt laden company? Could something interesting be brewing?
- Sources said the new shareholder wants to make Saudee a ZERO-GEARING company.
- Once that is done, then the new shareholders have plans to turn the business around.
- They see potential in the food business, and furthermore, Saudee has already secured a few new export markets.
- With an injection of funds, Saudee's Sungai Petani plant can be ramped up, according to sources.
- Saudee had embarked on a huge kitchen sinking exercise, which has helped to improved its financials.
- With most of the cleanup completed, it will be interesting to see whether Saudee on its own, will be able to turnaround in the coming fourth quarter results.
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....
potenza10
1,220 posts
Posted by potenza10 > 2020-05-13 13:09 | Report Abuse
Last 3 FY revenue drop...apa lagi mau harap...