The sudden raise of MahSing, ECOWLD and SP Setia on last Friday (1pm-4pm)is a trap. The Urusharta Jamaah Sdn. Bhd. and Kumpulan Wang Persaraan sold the total of 98,870,515 unit share or involved 82.5% of trading volume on 29 May 2020. Urusharta Jamaah Sdn. Bhd. are reduced their share holding from 5.34% to 1.37%, Kumpulan Wang Persaraan reduced their share holding from 4.69% to 4.59%. IT IS A TRAP. YOU MAY SURVEY BY YOURSELF FROM THE FOLLOWING LINK. https://www.marketscreener.com/MAH-SING-GROUP-6492426/company/
They sell, we buy lah. We buy at low side. What is your problem?
Lee_CK The sudden raise of MahSing, ECOWLD and SP Setia on last Friday (1pm-4pm)is a trap. The Urusharta Jamaah Sdn. Bhd. and Kumpulan Wang Persaraan sold the total of 98,870,515 unit share or involved 82.5% of trading volume on 29 May 2020. Urusharta Jamaah Sdn. Bhd. are reduced their share holding from 5.34% to 1.37%, Kumpulan Wang Persaraan reduced their share holding from 4.69% to 4.59%. IT IS A TRAP. YOU MAY SURVEY BY YOURSELF FROM THE FOLLOWING LINK. https://www.marketscreener.com/MAH-SING-GROUP-6492426/company/ 01/06/2020 11:17 AM
The main shareholder Urusharta Jamaah Sdn. Bhd. already completed their task for the sold of their share units 98,870,515 (Left over 1 37% share). That is why until now (3.22pm) the trade volume only 35426800 as compare to huge trade volume at last Friday of 119909400 units. No more supply for the sharp increase of share price as other 10 Top Mah Sing shareholder did not involve in share trading. Only small shareholders like us is trading. JUDGE YOURSELF, THE TREND OF THE MAHSING SHARE FOR THE FOLLOWING NEXT DAYS.
I deeply understand the feeling of worry like Mr Goh to buy the share price at RM0.52. Now is the time to run away from the trap as other persons (not in this group) did not award of it.
They have been throwing the baby out together with the bathwater. Not sure who is vetting their investment decisions. But I am thankful to Urusharta for these opportunities to buy in cheap :oD
Quite worry now on this counter ....will try to sell at the next rally and change to other property counter. Most property counter are down by 3% to 5% today except for Mah Sing. Will try to switch to E&O tomorrow ....counter now only 42 sen. Use to be same price as Mah Sing
Just sold Mah Sing at 51sen to change and convert to E&O at 42.5sen. Both of this counter use to be about same price 3 weeks. No sure why such a big gap now.
jackson88 you informed us you sold at 43 sen, now you sold at 51 sen again? So what are you? Day trader? No need to update us your day trading activity boy.
mahsing still strong support at 0.5 with 7% dividend (uncle and aunties, this is much better u put your retirement fund at FD) .. next target 0.56.. holding.. buy sell at own risk
OCPD, I bought around 30000 lots lot at around 31sen and 33sen last time. I sold half at 43 to 45sen to change to LC Titan at RM1.75. Selling the remaining balance today to change to E&O.
Operators are starting to shift their gains from gloves counters to solid property counters for parking while drunk uncle sam prints dollars in infinity.
OCPD, u r right. The stockbroking firms already place a price limit for margin accounts for these glove and COVID-19 stock. This is what my broker told me this morning
The Group will also continue lookout for prime lands in the Klang Valley area as it announces a healthy balance sheet with cash and bank balances of approximately RM1.05billion for the quarter ended 31 March 2020.
Mah Sing’s Founder and Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum said, “We have been proactively introducing various digitalisation initiatives across all aspects of our business such as sales, project, customer service; and upskilling our staff through company-wide, nation-wide retraining and roll-out of Microsoft Teams.”
In addition, Mah Sing will maintain selective balance sheet expansion by focusing on strategic land banks which are suitable for affordable products in Greater Kuala Lumpur, Klang Valley and Johor.
OCPD, I just manage to sell all my Mah Sing 8,000lots at 53sen and convert all to E&O at 42.5sen. Both use to be the same price last month. Anyway, you won’t hear me selling Mah Sing. Will buy back when both E&O and Mah Sing about same price.
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....
RainT
8,448 posts
Posted by RainT > 2020-06-01 09:30 | Report Abuse
wow magic
profit of MAHSING drop 45%
and last few quarters also continue drop
but share price today after bad result out can up 9%, MAGIC