support at 2.03 broken..now the near support is 1.77...no price technical rebounce since 2.63... my prediction 1.77 support will broken tomorrow..all the indicator say sell + market sentiment very bad now..very good company but maybe we can collect at super discount price..just my 2 cents
Based on several news, rebound should come in few trading days, if nt tmr..,,so I think we must hold tight, top-up and wait for the moment....and technically the rebound will be very strong
I am not vested in tis counter but watching closely for an entry...atm d stock is in a v deep corrections n any rebound wld b short lived..Be careful lor :(:(:(
so the MD bought over its subsidiary WZ marketing for RM6 over million + repay debt over RM16 million for 3 years to WZ Satu.... what do you think for this action?
Currently, Founder Tan's family (CK Tan, CB Tan and CT Ng) holding approx. 21.67% of shares Chairman Tengku Dato' Sri Uzir Bin holding 22.94% of shares
Assumed that Tengku who already has more shares than Tan's family bought Tabung Haji shares (approx. 1.39%), he has 24.33% now...
Assumed that Tan's family bought over, they has 23.06% of shares, which is slighly more than Tengku....
Seems like unlikely Tan's family bought over tabung haji shares due to following,
1) tan's family just bought over subsidiary WZ marketing for RM6 over million ... which led them to cash tight situation...Co-founder NT Ng even sold 300,000 units shares on 07-Nov to pay for this aquisition.
2) WZsatu need to maintain 51% bumi shares to bid for goverment project, especially projects in pengerang which they are front-runner thru misi setia
Tony88.... Dun get sentimental, only business...haha.. Good for us, 22 mil bought over loss making subsidiary of wzsatu ! Means without the burden, wzsatu will gt higher profits !
SE Satu - Acquired 49% in Dec-2013 for RM490k. Secured 36 months exclusive bauxite ore mining contract worth from Tanah Makmur Bhd. (tengku owns 10.8% stake)
KenKeong Sdn Bhd - Acquired 100% in Jan-2014 for RM27.5mil. This company is a G7 contractor specialising in building and civil engineering works. Order book RM309mil. Guarantee RM17mil profits to the group annually for the 1st 3 yrs.
Misi Setia Oil & Gas Sdn Bhd - Acquired 100% in Nov-2014 for RM27mil. This company mainly involved in design, procurement, fabrication, install, commission of skid packages, onshore O&G pipeline transmission system and plant terminal projects, also trading of O&G products. Order book RM130mil, with strong tender book of RM330mil. Guarantee RM4mil profits to the group annually from 2015-2017.
WZsatu steel business (Specilizing in manufacturing and trading of precision cold drawn steel bars which are mainly used in the office, computer and automotive industries) - Will be relocated to Indonesia, invested RM16mil to set-up factory there.
Looking to procure another O&G Company in 2015, rationalize steel business and focus on O&G business.
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....
michael7
9 posts
Posted by michael7 > 2014-11-11 00:34 | Report Abuse
Another wave up is coming...be prepared