The proposal is part of the company’s plan to diversify its revenue sources to reduce the group’s sole dependency on its core business. Salcon expects the property development to contribute 25 percent or more to its net profits in the future. The company will continue to seek and secure more property development projects in the long term.
whatever project they have wound affect the share price, further more even it diversified to property development it consider late entrance wont benefit the company performance at all. It will only make the company to even more highly gear.
History proven which whatever project they have the share price increase only last for few day not even a week then price drop framatically again. Afterthat price dead again.
Salcon acquires remaining 40pct stake in Sacon Darco Environmental
STORY BY BERNAMA www.bernama.com Salcon Bhd has acquired the remaining 40 percent stake in Singapore-based Salcon Darco Environmental Pte Ltd from Darco Water Technologies Ltd for RM31.028 million.
Upon completion of the acquisition, Salcon Darco Environmental would become Salcon’s wholly-owned subsidiary.
The group acquired the initial 60 per cent stake in Salcon Darco Environmental last year for RM47.475 million.
In a filing to Bursa Malaysia today, Salcon said 85 percent of the purchase amount would be funded through bank borrowings, and the remaining 15 percent by internally generated funds.
On rationale, the water and wastewater solutions provider said the acquisition was in line with the expansion plan of its core business activities.
“Subsequent to the acquisition, Salcon would have full control on the potential upcoming expansion plan on the Wukang water treatment plant in Zhejiang, China.
” The acquisition, expected to be completed within 90 days, can potentially increase a medium to long-term stable recurring income for Salcon, while enabling us to build a bigger and stronger platform in the market,” it added.
brother...i watch this counter moving from price 0.425 till now...it has beautiful upward trend..i only enter few days ago when i ve agung to back up to pick up the share...soon in near term it can surpass 0.70...u r right to pick this counter..hepi trading
now doubt it is moving up but rather slow. it has many projects in hand and profit for 2013 shd see much improvement. just need someone to fry up the price soon.
yes ..this is not speculative counter..this beautiful butterfly is invest counter...so be patient to appreciate the value...god bless u ...all the best
i hev faith n confidence..if lucky enough it close 0.65 today...if not when overall market is in correction it is still up at this price....god bless u
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....
dsksupply
9 posts
Posted by dsksupply > 2011-05-11 23:17 | Report Abuse
see, 23/11/2010 TP .96 nv reach, and now TP .67. How to reach