wait until 7sen then start to collect.. @10.5sen downside is still 30%.. 7sen fair value for this company.. never hope to receive any dividend from this type of company.. they can only make enough to pay expenses and salaries to their own family or even use company fund when there is no profit..
KUALA LUMPUR (Nov 5): Hiap Huat Holdings Bhd today (Monday) announced their upcoming initial public offering (IPO) exercise to raise RM17 million, paving their entry to the ACE Market of Bursa Malaysia.The IPO structure comprises a public issue of 85 million new ordinary shares of RM0.10 each. Out of this, five million new shares will be made available for application by the public, and 80 million shares will be made available by way of private placement to selected investors.The issue price has been set at RM0.20 per share. An offer for sale of up to 50.0 million existing shares in the company is available by way of private placement to selected investors, also at an offer price of RM0.20 per share.The group is licensed to collect, treat and process waste oil, waste solvents, used drums and containers. As an integrated licensed scheduled waste oil recycler, it is involved in collecting, recycling, re-refining and producing recycled products.Hiap Huat has seen an increase in revenues and profits for the past three fibnanicla years. From FY2009 to FY2011, revenues recorded were RM34.0 million, RM34.9 million and RM40.8 million respectively. Profit after tax for the three years were RM1.7 million, RM5.2 million and RM6.1 million respectively.
listing in 2012.... 2013 suddenly net profit bcome RM2.5M...how come SC allowed such con stock list???
Hiap Huat has seen an increase in revenues and profits for the past three fibnanicla years. From FY2009 to FY2011, revenues recorded were RM34.0 million, RM34.9 million and RM40.8 million respectively. Profit after tax for the three years were RM1.7 million, RM5.2 million and RM6.1 million respectively.
wait..lah if 0.07 can just park some money there.. other than that what can we expect from this company? dividend? not in my lifetime... bonus ? dream on... right issue yes.... when the company ran out of cash to support the families..
Posted by chartstalk > Oct 30, 2017 11:58 AM | Report Abuse
JQ88 OngLai88 .Big rise is around the corner . I am Cikgutiew ----------------------------------------------------
Welcome back Cikgutiew to HHHCorp. Price stabilised at this level (12sen), ready for takeoff hopefully. Can sense the coming QR will be better this time.
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....
TongKee Yam
305 posts
Posted by TongKee Yam > 2017-06-13 20:23 | Report Abuse
I am collecting too.