This operator really damm funny. Usually, operator wait for panic sell from retailers in the morning. After the panic sell, push up few bids with high volume. Then push back down.
thats why i said this is one shitty operator..and the fact that these contra fools and pussy bilis is alwys selling is also not helping the prices..this stock cn go to green from red and almost immediately back to red..really shitty..
If u look at the chart few months ago, a lot of tails in the candles. The recent bull run also a lot of tails. Likely the same operator with the same operandi.
hahaha..i believe the company itself is okay, performance is not bad, but like i said most likely the failure for price to move upwards is because of contra sellers and panic bilis..but if buy and hold most probably along the way will gain a certain % of profit..
Consolidating for next push to 0.70. Support level at 0.55 should hold. Higher high and higher low . Watch for break above 0.615 should move Mclean higher.
Lee Chee Wee Consolidating for next push to 0.70. Support level at 0.55 should hold. Higher high and higher low . Watch for break above 0.615 should move Mclean higher.
This will be on either friday or monday liao , today if can close a solid 60 to 61 cents is quite good already.
Dear Shareholders MClean Technologies Berhad ("The Group") continued to remain resilient and strong in 2020. The Group weathered the Covid pandemic challenges and adapted to the changes in operating environment. The Group achieved a total revenue of RM 56.2 million. This is a creditable performance in view of the disruption to our factories under the MCO lockdown in early 2020. In addition to the improved gross profit margin from 21% in 2019 to 23.8% in 2020, the Group also benefitted from the compensation received and government grants during the year. Overall, the Group achieved a net profit after tax of RM 1.3 million. Forward Looking Statement Our factory in Thailand is expected to increase revenue from the 2nd half of 2021 however this revenue increase would be offset by the weak revenue outlook of our factory in China. Meanwhile our factories in Johor is expected to improve on revenue and performance over last year 2020. Overall total revenue and operating performance in 2021 would be about the same as in 2020. One of the Group’s core strength is in contamination control and cleanroom packaging. Currently, our cleaning process is limited by customers having to bring their products to our Cleanroom facilities for cleaning. Observing that the Covid-19 pandemic created a huge market for sanitisation on the go, we are exploring the possibility of satisfying customers’ needs in a similar convenient fashion. Appreciation On behalf of the board of directors, I express our appreciation to our team of dedicated staff who have worked tirelessly to sustain our operations through the pandemic. Some of whom are separated from their beloved families due to the closure of national borders. For our loyal shareholders, we shall continue to pursue opportunities for the Group to remain relevant in the financial and investing community, and to deliver value to all our stakeholders. YEO HOCK HUAT Executive Chairman
I"m in for the long run. My personal target rhis is going to be a RM 1 company and more. Just look at all the IT company now, the Greatec, the KPOWER at which price do they start with. IT is the future.
Frontkn was hovering below 1.00 for long periods... but once it crossed 1.00, it never looked back...Greatec another good example... will Mclean be the next unpolished diamond? Hope so
Based on TedTock snippet of Mclean's latest annual report. I notice three things:
1. The net profit margins are small. Hence, they will need to raise cash for any expansion to cater for the expansion in explosive (if any) hard disk supply (this TARGET INVEST KLSE said) to Seagate and the cryptocurrency miners.
2. Revenue from Thailand will do better in 2Q2021 but offset by weak revenue outlook from China. Overall total revenue and operating performance in 2021 would be about the same as in 2020. I thought the explosive hard disk demand from Seagate and Cryptocurrency miners will provide stellar performance for 2021. If performance for 2020 and 2021 is flat growth, then the share price now is overvalued.
3. The Executive Chairman mentioned that its core strength is in contamination control and cleanroom packaging. Why did he not talk about hard disk supply to Seagate and Cryptocurrency miners? Is TARGET INVEST KLSE making this up so the syndicate can manipulate the price? Before he mentioned about the company will provide packaging for the Covid-19 virus. You can read his article here: (https://targetinvest88.blogspot.com/search?updated-max=2021-01-03T16:39:00%2B08:00&max-results=10). That never happened!
It is nice to ride the uptrend but be careful. The numbers and story do not add up. You don't want to be stuck when it limits down.
The annual report and summary was prepared ahead of all this talk of crypto induced demand surges. And furthermore, the company cannot make written comments based on external speculation. Not saying that your view is wrong tiberian, but that’s how it is with this summary.
sadly i dont think so..due to current rise in covid cases and a very2 incompetent goverment, its most likely that stocks with value will have a hard time seeing any price movements..mostly shiity stocks will have 'goreng2' session just to trap people..
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....
Sweetchocalates
1,992 posts
Posted by Sweetchocalates > 2021-04-27 11:41 | Report Abuse
This operator really damm funny. Usually, operator wait for panic sell from retailers in the morning. After the panic sell, push up few bids with high volume. Then push back down.