Posted by richardsharing > 2021-11-24 12:01 | Report Abuse

Lol, suddenly pop up a politician, @Undi_PH, keyboard hero

Posted by Legend > 2021-11-24 12:11 | Report Abuse

Inari in, Hap Seng out in FBM KLCI's December tweak?
KUALA LUMPUR: There will likely be changes to the flagship index of Bursa Malaysia's 30 biggest companies next month, following FTSE Russell Malaysia's final semi-annual review for this year.

Hap Seng Consolidated Bhd might be taken out from among 30 constituents of Bursa Malaysia's benchmark FBM KLCI, according to Kenanga Research.

In its place will most likely be Inari Amertron Bhd.

Kenanga Research noted that Nov 22 was the cut-off date for the FTSE Russell Malaysia's final semi-annual review of 2021.

"Data as of yesterday's close will determine the updated constituents of the FBM Index series that will be published on Thursday 2nd December and to be implemented effective Monday 20th December.

"Among the big caps, we expect Hap Seng (unrated) to be removed from the FBM Index series on the grounds of falling below the required liquidity threshold," Kenanga Research's Koh Huat Soon said in a report yesterday.

At the closing prices as at Monday's cut-off date, Hap Seng was ranked 25th by market capitalisation. But the diversified group is likely to be disqualified on grounds of insufficient liquidity.

"The ground rules state that to remain in the FBM Index series, a member stock must turn over at least 0.04 per cent of its free-floating shares in issue, based on its median monthly trading volume for at least 8 of the 12 months prior to the semi-annual review.

"For Hap Seng, (its) trading liquidity fell below the required threshold towards the end of review period for five straight months. The median turnover exceeded 0.04 per cent only for six of the last 12 months. As such, it appears to us that Hap Seng has failed to satisfy the minimum liquidity threshold," Koh said.

Kenanga Research said Inari is currently the largest non-FBM KLCI constituent with the requisite free float and liquidity.

If admitted, Inari would be the sole technology component in the index, the firm added.

"Based on Inari's represented index shares of 2,275.58 million at the current price of RM4.24 versus Hap Seng's 649.52 million at RM7.70, we estimate that Inari would come in at around 1.97 per cent weight versus Hap Seng exiting at 1.03 per cent weight.

"The final figures will however, be based on closing prices on Friday, December 17, after which the new list will be first reflected at the start of trading on Monday, December 20," Koh said.

Kenanga Research said at RM4.24, Inari was the 30th largest by market capitalisation and the company needed to remain at least above 36th to avoid direct removal in the next review round.

"Whether Inari can remain in the FBM KLCI beyond just one semi- annual period would depend on, among others, whether it can remain above 36th position in size, dropping below which it will be dropped according to the rules," Koh said.

This was the case with Supermax Corp Bhd which fell off in the June 2021 review just six months after admission in December 2020.

"Our tech analyst Samuel Tan is bullish on Inari, setting a target price of RM4.80 (13 per cent upside), reinforcing our confidence that Inari is likely to remain in the FBM KLCI for the long haul," Koh added.

© New Straits Times Press (M) Bhd

Posted by OnTime > 2021-11-24 12:42 | Report Abuse

good deal !

Posted by richardsharing > 2021-11-24 16:17 | Report Abuse

To top up more if drop below 4.10. See got luck or not

Posted by OnTime > 2021-11-24 16:27 | Report Abuse

maybe tomorrow can get 4.10

Posted by hanna20 > 2021-11-24 18:11 | Report Abuse

What mega deal actually?

Posted by pang72 > Nov 24, 2021 11:48 AM | Report Abuse

Waiting mega deal coming

Posted by richardsharing > 2021-11-24 18:44 | Report Abuse

Epf so rajin selling, like this rate, epf no longer the substantial shareholder after tomorrow

Posted by devann5970 > 2021-11-24 19:29 | Report Abuse

Can u let me know where the information of epf as sellers

Posted by paktua73 > 2021-11-25 07:53 |

Post removed.Why?

Posted by Markv572421 > 2021-11-25 08:40 |

Post removed.Why?

Posted by Markv572421 > 2021-11-25 08:41 | Report Abuse

im waiting for so looonggggggg ...to get cheap cheap ......hope hope more selll press down the price ...gogogogogo !!!!

Posted by OnTime > 2021-11-25 08:55 | Report Abuse

so below 4.20 no longer cheap?

Posted by gogogolee > 2021-11-25 09:05 | Report Abuse

where is the RM5??

Posted by Markv572421 > 2021-11-25 09:05 |

Post removed.Why?

Posted by Markv572421 > 2021-11-25 09:05 |

Post removed.Why?

Posted by Markv572421 > 2021-11-25 09:18 | Report Abuse

Hi pak Tua, i think should be around 3.79 - 3.80 ...level will be drop ...swing swing tut tut...


paktua73 morning..
today paktua wait below rm4.15..
let see..


tut tut
swing swing time
25/11/2021 7:53 AM

Posted by Markv572421 > 2021-11-25 09:22 | Report Abuse

Yalorr......time to collect below laaa ....


pang72 Down? This is Inari patent!!
25/11/2021 9:21 AM

Posted by Markv572421 > 2021-11-25 09:26 |

Post removed.Why?

Posted by paktua73 > 2021-11-25 09:33 |

Post removed.Why?

Posted by Markv572421 > 2021-11-25 09:35 |

Post removed.Why?

Posted by I_like_dividend > 2021-11-25 09:38 | Report Abuse

24-Nov-2021 Additional Listing ESOS - 411,600 shares at 3.420.

Posted by I_like_dividend > 2021-11-25 09:38 | Report Abuse

So many talking none talk ESOS? Can trust i3 members?

Posted by Markv572421 > 2021-11-25 10:27 | Report Abuse

Woww....strong man 4

Posted by newbie8080 > 2021-11-25 10:45 | Report Abuse

@I_like_dividend

What do you mean?

ESOS is for Inari employees as reward.

I think none of us here are employee so we do not discuss ESOS.

Posted by Markv572421 > 2021-11-25 10:52 |

Post removed.Why?

Posted by Markv572421 > 2021-11-25 10:52 | Report Abuse

hard drop lehhh .....

Posted by richardsharing > 2021-11-25 10:53 | Report Abuse

Aiyo, I want top up ticket below 4.10 before klci announcement. Drop more pls

Posted by Markv572421 > 2021-11-25 10:59 | Report Abuse

great support oooo around 4.13- 4.15 ...nice nice nice .......

Posted by sailang_now > 2021-11-25 11:06 | Report Abuse

Hopefully...guess EPF is taking profit to replenish it's cash flow?

Posted by Markv572421 > 2021-11-25 11:09 |

Post removed.Why?

Posted by Markv572421 > 2021-11-25 11:31 | Report Abuse

Wowww.....really really big supporter coming from where....

Posted by Markv572421 > 2021-11-25 11:42 | Report Abuse

crazy buying ....

Posted by paktua73 > 2021-11-25 11:54 |

Post removed.Why?

Posted by newbie5354_ > 2021-11-25 12:30 | Report Abuse

Profitable ESOS? How many times can Inari issue in 1 year? 1 time only?

Posted by newbie5354_ > 2021-11-25 12:33 | Report Abuse

KLCI announcement when?

richardsharing Aiyo, I want top up ticket below 4.10 before klci announcement. Drop more pls
25/11/2021 10:53 AM

Posted by newbie5354_ > 2021-11-25 12:34 | Report Abuse

Up(goreng) before ann?

Posted by Markv572421 > 2021-11-25 14:56 | Report Abuse

wow goreng up back to 4.20 above ......geng geng

Posted by Markv572421 > 2021-11-25 14:59 | Report Abuse

big big fund playing around buy and sell......stablilize the price or what ???

Posted by newbie8080 > 2021-11-25 15:35 | Report Abuse

@Markv572421

I previously work in a local bank with ESOS many years ago.

Depending on the management allocation, normally ESOS price is significantly lower than the market price.

Posted by newbie8080 > 2021-11-25 15:37 | Report Abuse

@Posted by newbie5354_

Normally got by batches and depends on management to decide.

But exercise can be anytime.

What you see in Bursa announcement is when staff exercise their ESOS within the stipulated period.

Posted by Markv572421 > 2021-11-25 15:46 | Report Abuse

Seems the share price to be adjusted due to Esos ....upsidedown...

Posted by Markv572421 > 2021-11-25 16:21 | Report Abuse

Haizz come on laaa drop ....

Posted by amateurJR > 2021-11-25 16:23 | Report Abuse

Inari strong bull

Posted by Markv572421 > 2021-11-25 17:26 | Report Abuse

So tommorrow this strong bull gonna bullish tommorrow ?

Posted by hanna20 > 2021-11-25 21:01 | Report Abuse

Not for today

Posted by amateurJR > Nov 25, 2021 4:23 PM | Report Abuse

Inari strong bull

Posted by Markv572421 > 2021-11-26 06:23 | Report Abuse

Today 26/11 see if inari bullest

Posted by Markv572421 > 2021-11-26 09:41 | Report Abuse

Manage to buy 4.16-4.17....gogogogog

Posted by Myeye > 2021-11-26 09:56 | Report Abuse

~.~ Be patience ~.~

Posted by Markv572421 > 2021-11-26 09:56 | Report Abuse

boring inari

Posted by gemfinder > 2021-11-26 10:41 | Report Abuse

sold all 4.18. TQVM