They should be releasing their QR this week. Based on the last one, they recorded better revenue QoQ and were profitable too due to lower administration cost.
The recent claims awarded by High Court on 4 August 2020 against PDZ was RM5.2 million plus legal cost of RM150k. PDZ has filed an appeal to higher court.
This stock didn't fly these 2 months, that why won't drop much. The price already captured the effect of bad report. Will up or not depends on the company future prospect.
Its calm before a storm. The storm should be coming this few days....be patience if you still believe you can earn from this stock. The range is between 0.10 to 0.15 before it continue uptrend. Lowest resistance is 0.09.
Qtr loss due to provision of awarded claims against PDZ...but at least still got RM37million in Bank..debt free....mega project in Johore with Sanichi...and one in China..so no worry tomorrow
All the retail investors are holding 10sen++ some even 20sen++. Whether want to press down or not, it's depends on the syndicate. These syndicates definitely will have inner news, they already sold few weeks ago before the report out. Then who is going to massive sell? Ofcourse small drop is unavoidable due to lousy report.
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....
strattegist
23,459 posts
Posted by strattegist > 2020-08-24 09:27 | Report Abuse
stagnant