"Sell on news" means operator has pushed up the counter way before result release and distribute his shares to punters/investors after result release, in the hope of collecting the shares back at lower prices.
Whether this is "sell on news" or not, only operator knows the game plan.
At closing, there are as many as 60 million units of viz share up for grab vs 32 million units of demand. Basically, the unit price will be heading down.
For those who have bought at a premium price, I was hoping Crazy11223 is right about his prediction. For those who are able to view the best of 5 prices would know it is a tall order for VIZ to fetch such price before the end of the week.
WONG (7050) experienced the same thing too as of this mth. WONG P&L made a profit of 20x for their final quarter and their share price is heading south too. Funny but true.
Bullishunter, I do not know exactly how the operator wants to play his game. But if he wants to collect back at lower prices, he will "usually" wait out the contra period 1st, before any further action.
If u are a longer term investor and are happy with the results, u may want to hold it and wait for a better time to sell.
Vizione Holdings Bhd‘s 2QFY18 net profit jump about 46x to RM6.6 mln from RM141,000 in the previous corresponding quarter – led by the maiden contribution of its newly acquired construction subsidiary, Wira Syukur Sdn Bhd (WSSB). Meanwhile, revenue for the quarter also soared almost 15x to RM147.3 mln, from RM9.8 mln a year ago. (The Edge Daily)
Vizione's 2Q net profit soars on construction revenue
KUALA LUMPUR (Jan 15): Vizione Holdings Bhd's net profit for the second quarter ended Nov 30, 2017 (2QFY18) jumped about 46 times to RM6.55 million from RM141,000 in the same quarter a year ago, due mainly to the maiden contribution of its newly acquired construction subsidiary, Wira Syukur Sdn Bhd (WSSB).
Quarterly revenue leapt almost 15 times to RM147.3 million from RM9.84 million, according to its filing to Bursa Malaysia today.
Overall, the increase in revenue and profit before tax were mainly attributed to construction works undertaken during the quarter by WSSB, which was acquired by the group on Oct 9, 2017.
WSSB, Vizione said, has a substantial order book comprising projects awarded by the local government and developers in Malaysia. The group's results for 2QFY18 incorporated about two months of WSSB's results.
For its cumulative six months of FY18 (1HFY18), net profit was about 27 times higher at RM7.08 million compared to RM262,000 in 1HFY17, while revenue grew ninefold to RM168.63 million from RM18.44 million.
"I am delighted that the group has demonstrated a strong performance for our first half financial results for the financial year ending May 2018 and we are fully committed to maintain a positive growth trajectory going forward," said Vizione managing director Datuk Ng Aun Hooi in a statement.
"The acquisition of Wira Syukur was a game changer for Vizione as it provided the group with a robust order book, technical capabilities and economics of scale which will drive overheads cost lower. Moving forward, the board is confident that the group's performance will be further strengthened by our robust outstanding orderbook of RM3.6 billion and new projects which we will strive to secure," he added.
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....
bullishunter
3 posts
Posted by bullishunter > 2018-01-16 10:21 | Report Abuse
why dropping even tho quarterly result profits?