I see. Okay I top up and hold then. Hopefully you are right. But the CEO of Hengan only holds indirect stake in Wang Zheng, not direct. So how certain is it that he will execute and expand cuz he don't benefit directly.
Haven't heard of this super investor. Can share any link about this guy. Also, how u know he invested ? Did he invest 719k in number of shares ? Don't see any share volume to justify that amount also
now u still apply ipo? I no apply since lctitan episode....almost lost a house if cannot return back.apply at 8.00 then price reduce to 6.50 then I return it back at 6.50.down until almost 4.00
I still remember that time,i was in a bangsar pub,i told my cousin to apply the stock.he apply 20 lots and got and kept until now.that was in 2010 rite?
Been looking at this company since this deal was done one year ago, but no improvement in financial performance of the company, i.e revenue and profits, all speculations. Why do you all think that management will start now to boost it at year end? Seems like they doing nothing since the merger. Guess oldchinaman and limen12 put money get trapped by speculations.
if the company is making good profit then can give good dividend ,the share price will also move up without volume, example FAREAST. only those speculating counters need huge vol to attract retallers
It's ridiculous for a company to invest RM91m just to get cheap raw materials.
If it's true that the China investors' (Hengan Int) motive is to buy cheap raw materials as Calvintaneng suggested, it's also good for the company as Hengan's yearly turnover is RM11b.
Even if it's a 5% raw material deal with Hengan, it's already RM550m (this is double the present turnover of WangZng.)
This will allow the company to save a lot of expenses that would otherwise incur if they sold it to other companies and let WangZng generate higher profits as all the transactions are done internally and there are no bad debts for the inter-company transactions.
saw the price keep falling from 2 to 1.20 now. but little volume. every quarter doing so so. any reason to buy, anyone willing to share their analysis ?
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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....
hollandking
3,694 posts
Posted by hollandking > 2018-07-23 23:20 | Report Abuse
wow, coffeshop talk, this must listen