Very strong closing yesterday. More buy orders at $1.09 emerged during the last 10 mins and there wasn’t enough sell orders to meet all the demand. I think $1.10/1.11 will be convincingly broken early next week and price will surge towards $1.20 level . Finger crossed.
1. Ltat already taken private Boustead at 85.5 sen
2. Tok Mat already spoken about Planting trees on "a gold mine"
3. Bplant price has gone up from 64 sen to over Rm1.00 and still above Rm1.00
Usually when there is Corp exercise last time when one company is taken private others in the same group could be taken private as well
long ago MTD took Mtd-Infrar private. Mtd-Infrar owns the Gombak Kuantan Toll which is a monopoly
Then MTD itself was taken private
Finally even Mtd-Acpi was also taken private
another group taken private was
Johor Land (Jcorp took it private ) Then both Qsr & KFC taken private Finally, Kulim was taken private by Johor Corp
so since Boustead is already privatised next could be Bplant
In any case Bplant has real solid assets which could be sold and unlock cash dividends for years to come and it does not matter at all to long term investors holding this Golden goose
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....
Johnzhang
3,098 posts
Posted by Johnzhang > 2023-07-22 16:22 | Report Abuse
Very strong closing yesterday. More buy orders at $1.09 emerged during the last 10 mins and there wasn’t enough sell orders to meet all the demand.
I think $1.10/1.11 will be convincingly broken early next week and price will surge towards $1.20 level . Finger crossed.