Will stay a while at 0.98-0.99. Top 30 gainer today. Just find out 1.00 is purposely lock up by big buyer to manipulate the price movement. thus, please fall into their trap..be patience!. Good luck
HIL may benefit if A&M share price start stagnant at 1.60 and it is possible that share swap (privatize HIL by issuing A&M share ) may be suggested by big owner in order to capitalize the huge cash holding by HIL. They may propose 1000 share of HIL exchange to 750 share of A&M which translate to 1.20 buyout price for HIL. After this exercise, A&M will have additional new share approximately of 200 million issuing to HIL shareholder. Furthermore this exercise is much more easy for funding rather than go through private placement. Let see whether this proposal will become reality or not
Small float in the market. Controlled and easily pushed both ways. But this time it's obviously an upward momentum. If you were the major shareholder you would know 2017 is the best time. Election year. And it comes but once in 5 years. TP 1.50
KUALA LUMPUR (April 20): RHB Retail Research said HIL Industries Bhd may climb higher after forming a long white candle and hitting its new 52-week high.
In a trading stocks note today, the research house said the upward momentum may persist after it breached above the downtrend line drawn in the chart.
“A bullish bias may appear above the RM1.00 level, with an exit set below the 88 sen threshold.
“Towards the upside, the immediate resistance level is seen at RM1.33. This is followed by the RM1.50 level,” it said.
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....
i4investor
2,797 posts
Posted by i4investor > 2017-04-11 14:18 | Report Abuse
hold a bit can as now simply buy one penny stock will give u good return, now is not a time to hold stagnant stock