Confirm Fraud happen in subsidiary overstate of revenue and profit for the past many years , CEO and CFO suspended . more uncertainty as report will only release in April. See Bursa report. More worst news to come. The golden day gone. May be another Transmil. Research house .Target RM2.70. Sell.
tanah nair, please find a evidence before you post here, if your news is so true, the volume wont be less than 100000shares trade. this more like an adjustment for future right issue. but i agree sell is a short term strategies.
Ncb is one of raider pick that under perform. But things are improving....NCB will recover in the next 2 QTR....!! At this price it almost bottom up....already loh....!!
tj holding this counter many year liau .. can say cost is 0 liau aeh .. just recently the share price really si pek chiat lat ... not for sell aeh ... unless something real bad happen lah ... all the best to all share holder .... cheersssssssss
NCB stock price had already bottomed out. Entry price around this level will give one a good margin of safety. Downside risk is very limited. Further price upside and rate of price ascendency is dependent on improving fundamentals in the coming quarters.
wow! in 1 year, it has retraced ALL the gains it made from the 4 previous years. such wealth destruction! maybe trying to be the next Ekran or Transmile? classic Bumi management stylee. oooppssss!
It's not unusual for a collapse of a heavy weight government link corporation that had been once deemed almost impossible to fail ! United Engineering Berhad and Renong and the latest MAS are the concrete cases ! Eventually, the minority is the party burnt the most !
Bad deal: BN scheme for Syed Mokhtar buy.Planned- shift business to westports as Selangor state gov hold 30%..PNB stake they no bother!! SM also wanted Penang Port.
Should be rejected on anti-trust or anti competition rules.However NCB earnings weak. Hence tough choice.
@Kian ,Sorry my numbers are wrong as to shareholdings.SM thru MMC,Tg Pelepas and tie ups (I think Maersk)controls a lot of the transhipment business.Furthermore one of westports cornerstone investor is a HK tycoon. SM's priorities...u guess Article in the theedgemarkets today. Fact remains: container volume drop coupled by irregularities at Kontena Nasional is a double whammy. Sad! the dividends were good!
Time to dispose in the morning , after last qtr traded at 2.40 ish with poorer result !! Strong indication Big Boys in town goreng and now touched 2.63 , likely to parachute back to 2.40 ish lohhhh
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Posted by Tanah NAir > 2014-03-03 19:23 | Report Abuse
Confirm Fraud happen in subsidiary overstate of revenue and profit for the past many years , CEO and CFO suspended . more uncertainty as report will only release in April. See Bursa report. More worst news to come. The golden day gone. May be another Transmil. Research house .Target RM2.70. Sell.