Reviewing KYY blog, HB has been making more than 2 consecutive qtrs and highly geared, just like Dayang and may go up like Dayang.... better buy now before it behaves like Orion and strong recommendation from investment analyst come out...then too late to regret...
Bankers hv hit well over 75% in this stock for last 2 trading days, which signalled a sustainable momentum is building up, although it has dropped yesterday. Any weakness presents a buying opportunity.
Market must hv smell something brewing that we don't. Chart wise, it has broken 200 EMA, a bullish sign coming if it can stay above this threshold. Momentum wise, Moneygamer has already spoken. Now, am patiently waiting for news.
Anyone csn share their thoughts abt the approaching deadline for submission of RP due on 31 Mar. Due date seems getting nearer, but price is on a slow uptrend mode. Bought a lot around 0.07 and really can sell for a good profit now. But there is a strong temptation to wait for any coming announcement.
Finally, the wait may be over. Applied for waiver of RP submission and uplift from PN1 status. Strong case due to consecutive quarters of profit. Now, let's wait for the approval.
HB has already met the 2 consecutives qtrs of profits for uplift from PN17, but becoz of the loan concern, it has not materialized. Now that the Annual Report 2018 is out, pls take some time to read. Therein, the Mgmt has highlighted abt debt concern and whether they can meet the loan obligations.
PRACTICE NOTE 17 / GUIDANCE NOTE 3 : OTHERS HB GLOBAL LIMITED
Type Announcement Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3 OTHERS Description HB GLOBAL LIMITED ("HBGLOB" OR THE "COMPANY")
APPLICATION FOR A WAIVER TO SUBMIT A REGULARISATION PLAN AND UPLIFTMENT OF THE COMPANY FROM BEING CLASSIFIED AS A PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("MAIN MARKET LR"). We refer to the Company’s announcement dated 29 March 2019 in relation to the Company’s submission of the application to Bursa Malaysia Securities Berhad ("Bursa Securities") for the Application for a Waiver to submit a Regularisation Plan and Upliftment of the Company from being classified as a PN17 Company (“Application”).
On behalf of the Board of Directors ("Board") of HBGLOB, the Board wishes to announce that Bursa Securities has vide its letter dated 14 October 2019, notified the Company that after due consideration of all facts and circumstances of the matter, Bursa Securities has approved HBGLOB's application for a waiver from complying with Paragraph 8.04(3)(a) and Practice Note 17 ("PN17") of the Main Market Listing Requirements of Bursa Securities ("Main Market LR").
The decision was arrived at after taking into consideration all facts and circumstances of the matter including amongst others, that the Company no longer triggers any prescribed criteria under Paragraph 2.1 of PN17 of the Main Market LR, the latest financial position of HBGLOB as at 30 June 2019 including net assets of RM201.3 million and HBGLOB had recorded two (2) consecutive quarters of net profit up to the quarter ended 30 June 2019, which have been subjected to a limited review by an external auditor.
With the waiver being granted, HBGLOB will be uplifted from being classified as a PN17 Company effective from 9.00 a.m., Tuesday, 15 October 2019.
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....
fl888
7,735 posts
Posted by fl888 > 2019-03-01 10:27 | Report Abuse
Alibaba, Li Kashing and so many other companies can buy in and RTO this HB Global out of PN17