1 for 4 bonus issues, don't know how will the market react. VS plunge after making the same announcement. Anyway I will start to buy after the long holiday next week is over.
bonus issues aim for long term basis. current level number of shares- 439 Million consider low volume compare with VS 1,311 Million. look at 3years ago VS share split + bonus issue and now bonus issue again, I think they aim is to have sufficient share trading in the market so that any good news will push up share capital> share price up. I remember this tactic usually used by some superinvestors
Technically, looking at the stochastic (9,3,3), it made low (<20%) on 15/1, high on 17/1 (~50%), low on 19/1 but it was a higher low. High again on 23/1 (80%) but it was a higher high, low on 25/1 but again a higher low. It is now slightly on the upper range of the BB. Let's see if the price can go higher to 68 in near future. Jiayou!!
Lee Yih Yeong, Last year 1st quarter net profit less than 1M , the following 3 quarters all above 2M , this coming 1st quarter for 2018 , easily can achieve above 2M with more sell from China & Taiwan , this is my view, pls correct me if I am wrong .
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....
Diamond7
2,333 posts
Posted by Diamond7 > 2018-01-26 20:34 | Report Abuse
Thank you Directors for the reward! Wa! Bonus one for four!