@scaramooch you're saying this because this time the insider trade works to your benefits, imagine if this is reversed, that an insider sell before a bad news is announced, and you are unable to cut loss in time, we'll see how well you respond to that. Insider trading is wrong and must be condemned
The Board of Directors of Omesti Berhad (“the Company”) wishes to announce that the Company has on 9 April 2020 received a Letter of Award (“LOA”) from Telekom Malaysia Berhad (“TM”) for the design, development, customization, configuration, delivery, installation, integration, conversion, migration, testing, commissioning & Training for TM business support system (“BSS”) for a duration of two (2) years, commencing from fourteen (14) days after the expiry of Malaysia Movement Control Order at the total contract sum of Ringgit Malaysia Ninety Five Million Five Hundred Eighty Eight Thousand Seven Hundred and Thirty Three (RM95,588,733.00) only (hereinafter referred to as “the TM Contract”).
This stock price is swinging up n down (yoyo) n will moved when d MCO is lifted! lol!
TA wise, it is on uptrend. Try to break out from the Symmetrical Triangle at 0.575 but do need more volumes. Expect it to stay above 0,57 to test immediate Resistance at 0.60/0.63.. Collect at 0.565 today !! Good Luck !
Why not? Such a gud company, Hua Wei partner + got project from IRB, Axiata, better than other lousy goreng goreng counter by syndicate. Tis one some more shareholders buying back non-stop. B4 contracts granted 52 week high 71.5 sens. How bout now?
KUALA LUMPUR: Omesti Bhd said yesterday its indirect subsidiary has secured orders worth RM35.7 million for the provision of hardware and software operated by the Inland Revenue Board (LHDN).
The order involves the supply, delivery, installation, and maintenance of hardware and software for the Hasil Integrated Tax System operated by LHDN, Omesti said in a statement.
The orders were received by Applied Business Systems Sdn Bhd (ABS) from Strateq Sdn Bhd. According to Omesti’s annual report, ABS is indirectly wholly-owned by Microlink Solutions Bhd, which in turn is a 61.53%-owned subsidiary of Omesti.
The contract, said Omesti, is scheduled to run from end-February 2020 for a three-year period.
Alibaba Cloud plays major role in companies' digitalisation effort
Microlink "sought a partnership with Alibaba when it came to know that Alibaba Cloud had set up a data centre in Malaysia in 2017.
"The collaboration between us is tight. We are engaging almost on a daily basis to look at how we can work together, collaborate and go to the market,"
Omesti Bhd has raised its stake in Ho Hup Construction Co Bhd by 0.5% to 12.58%, after buying an additional 2.08 million shares for RM604,155 or an average of 29.1 sen per share between March 13 and March 23. Omesti said the acquisition provides an opportunity for Omesti Group to increase its stake to 12.58%, subsequent to the dilution in equity interest, following the completion of a private placement by Ho Hup in November last year.
Read above: Omesti has bought Ho Hup Construction shares to support its BSS job especially installations of cables, etc...
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....
goldenluck16
1,956 posts
Posted by goldenluck16 > 2020-04-10 10:32 | Report Abuse
Keep for longer term.