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).
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.
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.
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
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!
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
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
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
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....
awesome20
1,198 posts
Posted by awesome20 > 2020-11-22 20:52 | Report Abuse
goreng again