those people who enter are only those not stuck at high floor. a lot others like myself, are stuck a lot higher. This price is nothing compare to pre conso. Only talk when it hits RM1.
1 month almost 50%, Only change management wo. Seriously can play meh, Never learn from lesson.... Hengyuan all same. Goreng and Fishing investor only... Good luck for who buying....
Looking at the price chart of Yong Tai Bhd (YONGTAI), one would notice that the share price had been trending strongly from the RM0.200 – RM0.205 level.
According to market sources, this is partially due to the emergence of the new shareholders. But fundamentally, had we seen any changes for YONGTAI?
The quick answer will be NO.
In July 2022, YONGTAI had undergone a share consolidation of every 5 YONGTAI shares to be consolidated into 1 YONGTAI share. Subsequently, the company had a bonus issue of warrants to “re-attract” investors back to the company.
Generally speaking, stocks on Bursa normally go through share consolidation for the purpose of enhancing the share price inorganically.
Would you invest in a company that is more focused on share price rather than pushing for business?
For information, YONGTAI had RM121.5 million and RM135.3 million losses in Q3FY22 and Q4FY22 respectively, with a mere market capitalization of RM144.0 million at current juncture.
That means that the losses of YONGTAI exceeded the value of the company itself.
If you do not know what is brewing in YONGTAI, it is better to stay aware than chasing after it blindly. Who knows when will the music chair game ends?
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....
khpwwl
3,477 posts
Posted by khpwwl > 2023-05-09 09:23 | Report Abuse
hahaha...takut sama sama masuk kubur if long term for 20 years