few probable reasons: 1. boss run to goreng topglove. 2. material cost go up too much. all paper factory cannot tahan. 3. just sell to get more money to run business
Based on the movement today, I suspect it is margin call. If my guess is correct, and my calculation is right, there should left about a million share more need to sell. which I believe would be insignificant. I may be wrong but that is just my opinion on what I saw. Haha.
Their top 5 clients constitute 70% of their revenue. If one big client cancel order, it will greatly impact their net profit. Dec qtr EPS dropped to only 0.75 Sen from 3.38 Sen in Sept qtr.
almost all malaysia stock are con stock so you must very very very careful all of you.. you investment here not put to sleep can make money because the price is jumping up and down, you need understand how it work Or you just keep losing money, better put your money to Asb or Bank for interest 3% above.
Nosh only 264 million, if operator is big enough and bad could manipulate the share price easily... Market overall is no good, so goreng down first loh.....
I don't know if the share price is due to margin call. From the Bursa announcement, I know the biggest shareholder is holding around 61%. He will not do anything to hurt his fortune. Just monitor the share price, ignore all the sampah messages.
No, it's not margin call as the price has been stable before Thursday sell down. Margin call only if price drops below the maintenance margin requirement. Smart money leaving, possibly due to high customers concentration, expensive as compared to peers - Master PE only 6, PPHB PE only 4.9 whilst DSS PE is 15.9.
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....
Harry
1,330 posts
Posted by Harry > 2023-03-23 16:49 | Report Abuse
Seriously they make cotton box only what you expect?