SALCON BHD

KLSE (MYR): SALCON (8567)

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Last Price

0.33

Today's Change

-0.005 (1.49%)

Day's Change

0.325 - 0.33

Trading Volume

530,300


9 people like this.

7,602 comment(s). Last comment by Eagle77 16 hours ago

awesome20

1,186 posts

Posted by awesome20 > 2020-11-22 20:52 | Report Abuse

goreng again

Posted by bursagod > 2020-11-22 21:14 |

Post removed.Why?

Beast3

623 posts

Posted by Beast3 > 2020-11-22 22:05 | Report Abuse

https://linktr.ee/stbmynewstletter

Salcon d best

kfliau

1,977 posts

Posted by kfliau > 2020-11-23 09:05 | Report Abuse

Don't play contra. This operator is unlikely AT. Will climb up slow and steady until due diligence completed

Posted by limit_up_soon > 2020-11-23 09:14 | Report Abuse

Found out that there was a Direct Business traded shares of 36.2m units (3.57%) on 17th Nov 2020 at the price of 31sen. Look like these units was acquired by the syndicate (my guess).

kfliau

1,977 posts

Posted by kfliau > 2020-11-23 09:37 | Report Abuse

@limit_up_soon would you mind sharing the source of your info? This is not reported in Bursa which they should if true

Posted by limit_up_soon > 2020-11-23 09:44 | Report Abuse

3.57% of shares don have to report on bursa. Only anything above 5% will have to declare. You may go to check the information from your trading platform, just look for Direct Business Transaction.

messi

1,915 posts

Posted by messi > 2020-11-23 09:44 | Report Abuse

I think no need to announce in bursa website unless it involves directors or substantial share holders or exceeding 5%.

Posted by limit_up_soon > 2020-11-23 09:57 | Report Abuse

That's correct messi. Perhaps they purposely make it below 5% to avoid the radar scanning. Hope for the best guys.

aceso

903 posts

Posted by aceso > 2020-11-23 10:05 | Report Abuse

How do u guys find out there js 36.2m unit shares direct traded

kfliau

1,977 posts

Posted by kfliau > 2020-11-23 10:25 | Report Abuse

If the direct transaction is from existing director or major shareholder, then it has to be disclosed by the director or major shareholder. The purchaser who has less than 5% don't have to declare.

Sepolcmd

214 posts

Posted by Sepolcmd > 2020-11-23 10:50 | Report Abuse

Dah oversold sangat2 ni

KAQ4468

21,497 posts

Posted by KAQ4468 > 2020-11-23 10:51 | Report Abuse

Berapa RSI??

Sepolcmd

214 posts

Posted by Sepolcmd > 2020-11-23 10:56 | Report Abuse

47.

bulldog

12,157 posts

Posted by bulldog > 2020-11-23 13:27 | Report Abuse

Prepare for the next bull run

Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2020-11-23 13:27 | Report Abuse

Bulldog accumulate@30.5

Huat chaiii

kfliau

1,977 posts

Posted by kfliau > 2020-11-23 13:50 | Report Abuse

Just Buy and hold. No contra Please. The moment operator senses there's selling pressure from traders or contra players, he will press and squeeze you to the last drop

aceso

903 posts

Posted by aceso > 2020-11-23 13:58 | Report Abuse

Lol i didn kena burn abit frm contra.. now jst hold.. i think got announcement 2.0

PN2020

247 posts

Posted by PN2020 > 2020-11-23 14:13 | Report Abuse

aseco what announcement?

PN2020

247 posts

Posted by PN2020 > 2020-11-23 14:14 | Report Abuse

Limit down after announcement?

aceso

903 posts

Posted by aceso > 2020-11-23 14:27 | Report Abuse

Got annoucement soon i think.. near future.. im jst holding till its release... again no guarantee.
Buy abit if u have some faith. All penny stock is about goreng. Not about fundamentals.
If kyy knows i think he will cone here hentam!

kfliau

1,977 posts

Posted by kfliau > 2020-11-23 16:55 | Report Abuse

This operator is really cheap skate. Up 1 cent and down 1.5 cents. He wants to make sure no trader or contra kaki can ever make money from this counter

kfliau

1,977 posts

Posted by kfliau > 2020-11-23 16:58 | Report Abuse

Testing your patience to the limit

aceso

903 posts

Posted by aceso > 2020-11-23 17:05 | Report Abuse

Messi any idea on qr results?

phyroxus

683 posts

Posted by phyroxus > 2020-11-23 17:47 | Report Abuse

out today. quarter result drop

Heng999

94 posts

Posted by Heng999 > 2020-11-23 17:51 | Report Abuse

7. Prospects Following the easing of the MCO, the Group’s construction activities have picked up pace and is expected to end stronger towards the final quarter of the year. Prospects in the water and wastewater sector remains resilient as the federal government continues to make huge investments to improve the water quality and services in the country, especially the rural areas. Environment and Water Minister Datuk Tuan Ibrahim Tuan Man said that RM10 billion will be set aside under the 12th Malaysia Plan (12MP) to be tabled in January 2021 to improve the nation's water supply network. Of the total allocation applied, RM1.37 billion would be allocated for the First Rolling Plan (RP1). Moving forward, the Board remains committed to deliver sustainable growth and building a stable earnings stream by diversifying our business portfolio. To this end, the Group recently acquired JR Engineering and Medical Technologies (M) Sdn Bhd (JR), a glove manufacturing company. The proposed acquisition comes with a profit guarantee of RM10 million per annum in JR for financial years ending 2021, 2022 and 2023. The Group expects to potentially benefit from a major recovery in earnings prospects as it diversifies into a lucrative growth segment. The acquisition is expected to be completed by year end 2020

sheep

3,849 posts

Posted by sheep > 2020-11-23 20:17 | Report Abuse

qr out..this is the announcement 2.0...tomorrow sure limit down.....force selling too...wakaka

Jokers2020

2,006 posts

Posted by Jokers2020 > 2020-11-23 20:27 | Report Abuse

yes..i wait limit down n collect more...when glove news out again will shoot up back

Heng999

94 posts

Posted by Heng999 > 2020-11-23 20:31 | Report Abuse

The acquisition is expected to be completed by year end 2020

Heng999

94 posts

Posted by Heng999 > 2020-11-23 20:37 | Report Abuse

Cash become 117m lol

kfliau

1,977 posts

Posted by kfliau > 2020-11-24 09:22 | Report Abuse

With the last piece of bad news out, price should scale higher until completion of due diligence

aceso

903 posts

Posted by aceso > 2020-11-24 09:40 | Report Abuse

Interesting expected it to drop

aceso

903 posts

Posted by aceso > 2020-11-24 09:40 | Report Abuse

Still holding

bulldog

12,157 posts

Posted by bulldog > 2020-11-24 09:58 | Report Abuse

Salcon on the move

Huat chaiii

Heng999

94 posts

Posted by Heng999 > 2020-11-24 10:02 | Report Abuse

Prospect is very good for next year. Gov big invest water, buy glove complete year end 2020 means few weeks only

Richmore

108 posts

Posted by Richmore > 2020-11-24 10:02 | Report Abuse

Why no limit down.. lol. Lot of grandmother story teller in this group

hunterrrrr

210 posts

Posted by hunterrrrr > 2020-11-24 10:06 | Report Abuse

what drop?? stochastic low rsi low liooo..learn TA la ..trade without knowledge is like you throw your money..idi ot

kfliau

1,977 posts

Posted by kfliau > 2020-11-24 10:07 | Report Abuse

Now I understand why the operator was pressing the price down. If he had let it rally with the news of the acquisition, with yesterday's lackluster quarterly report, there will be massive sell down. But by pressing didn't for over a week, most sellers would have sold by now, hence today you see the price goes up instead of down. It's so much easier to going now

kfliau

1,977 posts

Posted by kfliau > 2020-11-24 10:08 | Report Abuse

Down

kfliau

1,977 posts

Posted by kfliau > 2020-11-24 10:08 | Report Abuse

Goreng

Heng999

94 posts

Posted by Heng999 > 2020-11-24 10:14 | Report Abuse

No more pressure at upside already, seller already gone last week

aceso

903 posts

Posted by aceso > 2020-11-24 11:12 | Report Abuse

Is a blessing.. lol. Expecting another small dive today

hoowk77

430 posts

Posted by hoowk77 > 2020-11-24 13:41 | Report Abuse

good time to accumulate...

kfliau

1,977 posts

Posted by kfliau > 2020-11-24 13:46 | Report Abuse

With such negative quarterly report also price not going down. The Only other way is up

ruhaizat69

825 posts

Posted by ruhaizat69 > 2020-11-24 14:24 | Report Abuse

Run

Legend

4,119 posts

Posted by Legend > 2020-11-24 14:28 | Report Abuse

Buy more...

sheep

3,849 posts

Posted by sheep > 2020-11-24 14:47 | Report Abuse

all waiting to run...wakakaka

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