Simple logic, RTS is direct link to Singapore transit. It is one station away from existing singapore MRT. The effect is very huge, investor will treat the surrounding as if Singapore. Some Singapore company may relocate to JB due to lower rent & overhead cost. Workers use to rent in Singapore will come back live & stay in JB.
Lim Keng cheng { Nephew of Lim Kang Ho} disposed off all his direct shareholdings { based on company submission on 26 Sep} Keng Cheng only hold { indirect interest thru Lim Seong Hai Holdings SB}
Sure doesn't look good. For an insider who is aware of the proposals, and is prepared to off load 2m + 12m shares so early after the news does not make sense. Could have off load a bit later. Either he is resigning or expecting a hugh drop in price. Big$ involved here with the right timing. Read what you can out of it.
Now give u chance to buy. Later fly up don’t regret. Today market so red, but eko so steady. When the proposal become reality, too late to chase already.
soon9913 is right: Of the 4 cos. only Knusford has significant upside of +30-129% based on the terms of the proposals with far less floating scrip giving it a far more attractive alpha .
Upside here is only 8%, with OctoBEAR already upon us. Those who collected at the lows with insider knowledge of this deal will be sorely tempted to cash in. 2,965 million tickets is as heavy as an oil tanker in a bear market!
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....
Jonathan Keung
4,436 posts
Posted by Jonathan Keung > 2023-09-29 09:10 | Report Abuse
The announcement is positive for Botak Lim. Total control over his group operations & direction. A cash cow ATM for Botak