Someone said EGM will be held before CNY so we can ask management to clarify, maybe won't affect price even if no vaccine. Current price is for ppe and property business only.
Hopefully price will go up because this is the best time to announce Sinopharm vaccine deal even if still at preliminary stage. Tan Sri Lim and son, if you are reading this please don't let all your loyal shareholders down.
Full list of adverse reactions from China's Sinopharm vaccine revealed Difficulty breathing, blurred vision among side effects listed for Sinopharm vaccine
No vaccine, no ppe, no glove. Signed business diversification agreements for fun. Tan Sri play play only not serious. Look at Mah Sing, announced glove business diversification in Oct and 2 months later EGM, business plan, factory all done.
Sinopharm vaccine is better than Sinovac vaccine based on latest news so I am surprise why government did not select Sinopharm. Maybe too many bosses fighting for a piece of this pie, the question now is which boss has the strongest political cable to make it happen.
Pharmaniaga also announced they will setup Sinovac production facility so how come Indonesia is the regional production hub?
Based on latest annual report, top 30 shareholders are holding 90% of Titijaya shares. 60% owned by Tan Sri Lim family. Small ikan bilis like us have 10% only. I think this is the reason why price is still stable and haven drop to pre-covid level which is around 0.26 - 0.27
Just don’t bother those noises that come here to splash cold water, we all know their objective, which is spread fear and hope people will sell cheap to them. Don’t fall into their trap.
Operators are pressing down price for their own agenda. Buying at this price level is safe as the risk reward ratio is very much worthwhile.
Tan Sri is buying huge volume at 0.40 so it means Titijaya is sure worth much more than current price.
TitijayaMedical, for all along these fews months we hold, can’t find any positive news and price move on TTJY, even volume. In QR also didn’t state their business about glove and PPE revenue or incoming plan. Can you justify this?
Until there is a catalyst or reason to push up the price, the price will remain at this range for a long time. Kens88 is not wrong because this stock has indeed become stagnant. it may even drop further over the next few months if there is no further development on the healthcare business diversification Titijaya promised.
if Titijaya really wanted to diversify into healthcare (glove, ppe or vaccine), they surely know that time is money. There are so many important aspects (funding, factory details, approval, blah blah blah) that needed to be finalized but yet we don't hear any announcement or press conference after the initial agreement signing. From the first agreement signed with Sinopharm in April 2020 till today is almost 9 months. I mean 9 months also cannot finalize the factory site? Malaysia has so much land or can even rent a factory like Mahsing if don't want to build from scratch right?
The logical question I would ask is "what is holding Titijaya back?" Is it funding, risk or whatever. Maybe Tan Sri was hoping that Covid will end this year and by then just do back what Titijaya is good at which is property sector. Agreements signed can be mutually terminated right?
There have been no announcements on Titijaya business diversification plans and that lead to current Information asymmetry.
This situation will definitely create a lot of concerns and some short term weak holders will lose hope and sell cheaply in the market.
At the same time, we could be seeing operator staging Bear Raiding too. Bear raiding is when a large player forces share prices lower by placing large sell orders. That’s why we consistently seeing fairly large volume on sell queue, this is also to prevent price from going up. Sometime, they could be selling to themselves to create impression Titijaya could drop more. The whole idea is to fool people and sell.
So, when operators are pushing down price for us, we should thank them so that we can buy more Titijaya shares at discounted price.
We have to believe Tan Sri and Titijaya management. Tan Sri already give us strong confidence by buying big volume at 0.40. So, we just follow him buy, with confidence.
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....
ITCHYLEG
167 posts
Posted by ITCHYLEG > 2021-01-08 00:47 | Report Abuse
Date of EGM should be before chinese new year
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