Not necessary must have good news then only the share price will go up. Another catalyst it's If expectation of next QR result will be good then people will collect first. these few weeks only in consolidation mode. When the time is right then operator will push the share price up to match back to the QR result. This is post pandemic counter and now CMCO is loosen so the next QR result should be better than previous quarter.
I think the surge in share price could be due to some share placement to new powerful Bumiputra investor.
Originally Revenue has appointed MITI to allocate 45mil share to bumiptra investor, but at the end MITI only manage to allocate 12mil, still got 33mil pending.
I believe now Revenue has found the investor to take up this 33mil share, and this person or corporate could be someone very powerful (i.e. Datuk Karim from Serbak Dynamic, Syed Mohktar, or maybe some e-wallet player like Axiata Boost, TNG).
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....
Maru Bozu
78 posts
Posted by Maru Bozu > 2021-01-05 16:41 | Report Abuse
revenue banyak power