The Board of Directors of MTAG Group wishes to inform that Jabco Filter System Sdn Bhd (“JABCO”) and Winsheng Plastic Industry Sdn Bhd (“WSP”) (collectively, “Customers”) had both received the notices of termination dated 12 December 2022 on 22 December 2022 from their major customers with the termination date to be effective on 31 March 2023 (in reference to ATA IMS Berhad’s announcement dated 23 December 2022 in Bursa Securities’ website for further details on the notices of termination). As at to date, MTAG Group has not received any notice of termination from the Customers. However, following various rounds of discussion and assessments with the Customers, the Board is of the view that the termination will present significant impact to MTAG Group’s revenue. To mitigate this issue, MTAG Group is seeking for other prospective customers and other potential new business opportunities in response to the potential termination by the Customers.
Company still making reasonable profits and had been giving out yearly dividend since 2019 to 2022. Why the need to panic sell/run like no father or mother.....
Of course need to run. Company making reasonable profit was history. The management has says that their revenue will be significantly affected. Still dream of dividend?
Your miss is larger than your loss and joy. Clients come and go is a commonplace during the course of the business. What is fundamental is the capacities of the company which are still in tact and productive.The mgt has identified a few potential clients who are expected to close the deals pretty soon.
Furthermore,the recent budget is conducive to the capital market liquidity .Hence , the market is expected to react positively in coming weeks...
The agenda is pretty clear ie to buy shares cheap from running chicken heads out of panic from the deliberate release of news which can be rectified later.
Mtag is a very good company.if you have confidence of this company , just stay firm .Don't need to be panic .Those who sold because of some rumors might regret ! People who cause panicky selling just want to buy cheap
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....
stncws
10,704 posts
Posted by stncws > 2023-02-24 09:46 | Report Abuse
pang72
Long time didn't visit you.. 70c liao..
Next QR shld cross 80c..
I pay you next visit, ok===========