Syarikat GLC Hisap Darah Orang Lagi. Kerajaan Selangor Nak Bina 10 Private Hospitals.
The Malay political elite has tasted money and they realise how easy it is to use political power to make money. Its the same whether its the BN or Pakatan Harapan.
TA BASED ON DAILY CHART (25 Mar 2019) 1) Sinmah has been trading above its upward sloping 20-Day Moving Average which is a good sign. 2) In addition, there is a technical level at 0.19 which may support any short-term retracement.
Yesterday's Buy Rate = 71% and this morning it was at 74% With continuing buying support, it should retest 0.25 and breach the 200-Day Moving Average soon. Suggest buy & hold mid to long-term.
Having secured the shareholders'approval, its all systems go for the hospital project. Expect a whole slew of announcements regarding this matter to be made from hereon.
Massive accumulation seen between 0.18-0.185 levels over the last few sessions. Its just waiting for the rally to trigger and take-off anytime from now. Cheers!
For the benefit of keen investors, below is a brief on Sinmah’s Proposed Diversification to include Healthcare Business: -
1) What was the rationale for its Proposed Diversification? It is part of the Group's long-term growth plan to diversify its business by venturing into other revenue-generating businesses in order to mitigate its Group's reliance on its poultry & property businesses.
2) What is the status of its Proposed Diversification? SAH was formed on 27/3/17 to engage in hospital activities, with 70% equity interest held by Sinmah and 30% held by Amergajaya Ventures Sdn Bhd. The shareholders of Amergajaya Ventures Sdn Bhd are Mohd Ismail Bin Abdul Hamid, Tan Tuck Wing and Mohamed Aminudeen Bin Abdul Hamid. Subsequently, SAH Medical was incorporated on 6/4/18 as a subsidiary of SAH and is principally engaged in the business of hospital development, management and construction and healthcare investment.
3) Till-date, what is the progress of its diversification plan? The Group has entered into the Nilai Property Acquisitions on 17/1/19 to enable its Group to undertake the Proposed Nilai Developments and to diversify into the provision of healthcare business by way of owning, constructing and operating a hospital and medical-related services.
On 22/10/18, SAH Medical has obtained approval from the Ministry of Health for the establishment of a 200-bed ‘purpose built’ private hospital with multi-discipline services, Centre of Excellence (“COE”) Autism and COE Geriatric. The COEs will be co-managed in collaboration with UiTM’s Health Science Faculty. UiTM will be a clinical partner in operating the Integrated Public-Private University Hospital (“IPPUH”).
Latest announcement...fast tracking forward... INCORPORATION OF A NEW SUBSIDIARY
The Board of Directors of Sinmah Capital Berhad (“the Company” or “SCB”) wishes to announce that on 4 April, 2019, the Company had incorporated a wholly owned subsidiary known as Sah Medical Sdn. Bhd. (“SMSB”) under the Companies Act, 2016 with an issued share capital of RM100.00 comprising 100 ordinary shares.
His recent acquisition of 8.7m shares had made him a new substantial shareholder. Its therefore not surprising that his company could have been awarded the construction contract for the Nilai Hospital project.
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....
Cojack31
1,673 posts
Posted by Cojack31 > 2019-03-22 19:54 | Report Abuse
Buy...buy. monday will be fly