One of the top shareholders, Khazanah is unloading big time. You can expect the share price to be at depressed level. Now that the interest for this stock is back on investor radar, which explained the big volume of buy queue, this make the shares more liquid, hence it is easier for Khazanah to unloade large quantity of shares.
Wonder who is scooping up the shares on the cheap.
Due to the prolonged coronavirus outbreak in China, it seemed that the boom time for food delivery busineess is back. This could potentially augur well for HB Global business.
everydayfri - there is no court case with banks on short term loan. Please refer to the followings :-Changes inmaterial litigation - Due to the impact of trade war between China and USA, economic slowdown in china and outbreak of swine fever, the Peoples’s Government had initiated a financial assistance to special category of business such as food industry’s company to avert any possible financial crises in the near future. One of the subsidiary had entered into this arrangement with Xing Ye Bank Co. Ltd, Rizhao Branch and also endorsed by the Court on the pledging of its properties and two guarantors provided for an amount of RMB14.4 million to apply this special financial assistance. This subsidiary also negotiated with other banks for this special financial assistance on its current borrowing and may needed further endorsement by the Court in near future.
many pple had bought huge quantity of ready-to-serve food, frozen, vegetable etc since Covid-19 all around the world ... it gives stronger impact on financial of this compny ... will huat soon ..
Stochastic Oscillator indicated a sharp uptick, which signal strong potential reversal due to increased banker money to over 25% and significant drop of selling chips to less than 5%. Once the reversal sign is confirmed, we shall see a rebound.
annualized eps so strong, last Qtr eps also good ... many pple bought huge quantity of ready-to-serve food, frozen, vegetable etc since Covid-19 .. it's a good sign for this company .. early sign for uptrend ...
It's a China-based company, listed in KLSE. My trend chart analysis showed no retail sellers but over 25% bankers chips already in this stock. We can expect strong buying support and this should augur well for the stock.
Price is now hovering just above EMA 200 line. Once the EMA 20 line cross over EMA 200 in the next few days, the trend will change and price will follow.
Funny the NTA is so high yet stock price so low, so do you trust its balance sheet? Khazanah disposing since last year until ceased to be substantial shareholder. In 2019 alone, its court cases with suppliers and bank surge dramatically.
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....
Cslee1228
61 posts
Posted by Cslee1228 > 2019-10-16 11:44 | Report Abuse
Breaking 0.10 soon