Budget gives healthcare stock a boost.So they're banking transportation to bring in goods(vaccine) from China,USA,Russia&England.PDZ, Sealink & other shipping counter will surely benefits.
PDZ Holdings, a Malaysian investment holding company involved in the container liner business, on Friday (16 October) said it received a sealed order from the Kuala Lumpur High Court awarding claims to Dan-Bunkering (Singapore) Pte Ltd.
The claims payable to Dan-Bunkering total RM 4,943,503.00 (USD 1.2 million); it comprised RM 2,033,300.00 with interest of RM 2,754,203.00, costs of RM150,000.00 and allocator fee of RM 6,000.00.
The claims made are for non-payment of marine fuel oil and/or gas oil supplied to vessels previously owned by former PDZ Holdings subsidiary, Perkapalan Dai Zhun Sdn. Bhd, it explained.
PDZ noted it has made provisions of RM 6,732,000.00 in the unaudited consolidated financial statements during the financial period ended 30 June 2020; suggesting enough liquidity to cover potential liabilities from the Dan-Bunkering case.
The company’s solicitors Messrs. Mohd Latip & Associates, meanwhile, said PDZ Holdings has a strong arguable case in the Court of Appeal.
As such, the company has since filed for an appeal with case management scheduled on 9 December, 2020.
If not release today most probably QR is bad. Like always Qr negative not necessary share prices goes down whereas Qr positive not necessary Share prices goes up. However, strong support is there as reflected in today volume trading...... Thanks to Sharks and hopefully they pushed up the share prices on coming Monday......Go go up PDZ!!
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....
Anisdesanika
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Posted by Anisdesanika > 2020-11-27 13:00 | Report Abuse
Maybe quarter result play? Positive news hopefully...