The puzzling thing about this is there appears to be no apparent reason for the precipitous drop in its share price.
Replying to Bursa Malaysia’s unusual market activity (UMA) query last week, the group said it was unaware of the reasons for the recent decline in its stock price.
The group had not lost any of its government contracts, and in fact had bagged a contract in July to provide public online digital identity onboarding services through MyDigital ID.
NO VOLUMN but when BIG VOLUMN come either go down by another 30% or up by another 30 sen to 58 sen if got good news coming out .Going down by 30% - JUST SAY DON'T KNOW LA simple answer
I am still buying lots of shares based on the following.
1. Only around 100 Mill free float shares (App 22%) rest is owned by large investors that has not sold . 2. Director just bought 1% of the company after share dropped. 3. Mydigital ID is made mandatory and they got a contract to control it that can be extended for 3 months (This was before it was announced during the budget 2025 that it should be made mandatory also for JPJ. 4. They are finalizing the purchase of a new company to get the turnover value up to avoid the delisting so they need that concluded before Feb. 2025 but management say it should be done by end of the year so still long time to go. 5.Most share on the big sell day was traded between 0.48 and 0.275.
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....
NatsukoMishima
8,147 posts
Posted by NatsukoMishima > 4 weeks ago | Report Abuse
4.30pm drop back to 24 sen !