hisyam

fly fly fly

1 month ago

MarioBros

Youarewelcome88, today seem like someone collecting. Have you heard any rumours on who collecting from opat?

1 month ago

MarioBros

Hisyam, kalau ade owner baru ambik, boleh fly. Kaunter da jadi makin berat lepas PP hari tu

1 month ago

youarewelcome88

@MarioBros... Just be careful

1 month ago

Michael R.

So much shares being disposed by stages.. Please announce the new shareholders... Impossible they could hide below 5% ownership..

1 month ago

MULTIEVER

it time to Cash out why not? they not dumb dumb🙄

1 month ago

陳 彥霆

Michael R., Michael R. and Edmond0401, the culprit behind is MIDF, this investment bank simply throw clients' shares

1 month ago

Kanenites

mana paktua raya dah dekat ni, seloka sikit

1 month ago

matg

sila saukkkk dan peram

1 month ago

陳 彥霆

We should report police this MIDF throw client's tickets

1 month ago

armadatuah2017

Paktua dah mampus la. Hahaha. Margin call also.

1 month ago

quassar

it seems disposing stage is still ongoing... timing for bottom fishing soon?

1 month ago

Change_

DSAI selalu cakap dia dapat mandat rakyat PRU14 dan PRU15 tetapi kalau dibuat PRU16 adakah mandat rakyat dia tetap dapat?

1 month ago

Kanenites

rindu seloka paktua, sayu sgt

1 month ago

陳 彥霆

no need to worry, soon will go up

1 month ago

Edmond0401

yes mikeann you true

1 month ago

ysyap84

Vicious cycle (buy, dump and margin call) keeps to rotate until Opat finds a solution to overcome. Then the share price will start to jump.

1 month ago

willc48

what projects do they have now? dependency on govt projects very high but can they fight with other bigger bumi contractors for the cake.

1 month ago

TradeVirtuoso

who is the new owner?

1 month ago

陳 彥霆

mikeann, the oversold is due to MIDF keep on throwing client's shares, this kind of broker mana boleh pakai. only ikmal opat so naif trust this MIDF. MIDF is the culprit behind this sell-off issue.

PETALING JAYA: The Securities Commission Malaysia (SC) and Bursa Malaysia have sought to allay growing concern among investors over the widening sell-off that has hit the local stock market over the past week.

In a joint statement today, the SC and Bursa Malaysia said they are closely monitoring recent market conditions in light of heightened volatility in certain stocks.

“The SC and Bursa Malaysia assure investors that the Malaysian stock market fundamentals remain strong and there should not be any cause for concern,” the statement said.

They claimed the recent significant decline in share prices is limited to “a few small-cap stocks” and not widespread.

“The affected stocks constituted around 0.17% of the total market capitalisation and 8.3% of total traded value for the year.”

The SC and Bursa Malaysia also said they are conducting proactive surveillance of corporate transactions and disclosures, as well as real-time monitoring of all trading activities to ensure an efficient, fair and orderly market.

“Where irregularities are detected, the SC and Bursa Malaysia will not hesitate to take the necessary regulatory actions to preserve the integrity of the market,” they added.

The regulators also reminded investors to also take note of companies’ replies to the unusual market activity (UMA) queries issued by Bursa Malaysia.

No end to sell-off

The “bloodbath” among the affected stocks does not seem to be abating. Five counters hit limit-down again in early trading today, extending the heavy losses they have suffered this week.

The stocks were Rapid Synergy Bhd, YNH Property Bhd, Jentayu Sustainables Bhd, Sarawak Consolidated Industrial Bhd (SCIB), and Silver Ridge Holdings Bhd.

A new name joined the “Limit Down Club” later in the morning when technology services provider Heitech Padu Bhd’s share price plunged 28.97% to hit its limit down at 76 sen.

The sell-off on Bursa has prompted investment banks to demand cash upfront from their retail clients for the purchase of stocks that have plummeted recently.

In a note to its dealer representatives yesterday, Affin Hwang Investment Bank said the cash-upfront requirement shall be imposed on all purchases on its list of designated stocks and warrants.

The list included stocks such as Mercury Securities Group Bhd, Jentayu Sustainables Bhd, Widad Group Bhd, and Artroniq Bhd, which hit their limit down this week.

It also included Globetronics Technology Bhd, Leform Bhd, Mestron Holdings Bhd, APB Resources Bhd, Pertama Digital Bhd, Dataprep Holdings Bhd, Silver Ridge Holdings Bhd, and Tanco Holdings Bhd.

AmInvestment Bank also implemented yesterday a similar cash-upfront requirement for affected stocks.

Its list included Rapid Synergy, YNH Property, SCIB, APB Resources, Widad Group, Artroniq, Mestron, and Tanco, a bank source confirmed.

Rapid Synergy and YNH Property are stocks linked to businessman and investor Yu Kuan Chon. Rapid Synergy has lost as much as 86.1% of its value since the start of the year while YNH has crashed 71.3%.

1 month ago

quassar

.07 seems a good bargain for now... what do u think?

3 weeks ago

CY266

no worry, just hold. External factor

3 weeks ago

quassar

.065 can tapao tdy since seller just let go like tomorrow... try to bottom finishing slow n steady

3 weeks ago

ohlala

0.06....sliding down slowly by the day

3 weeks ago

Edmond0401

don worry will fly soon

3 weeks ago

rayhvs

Fly me to the moon...Let me play among the stars...

3 weeks ago

陳 彥霆

told many times, is MIDF the culprit, not Opat is selling

3 weeks ago

TradeVirtuoso

lowest already, bottoming up and gogogo

2 weeks ago

armadatuah2017

There is no lowest. It means this damn Opat controlled the company without using his own money...that is so cheeky and its fraudulent

2 weeks ago

Edmond0401

intentionto deal during good news or bad news？？

2 weeks ago

CY266

edmond, just a normal procedure, nearly acct closing period 30/4, the mention shareholder not allow to do any buy & sell action. This rules is use to protect investor like u & me

2 weeks ago

Edmond0401

start engine liao

2 weeks ago

Eagle77

Scam counter LD ⬇️🩸

2 weeks ago

Eagle77

History never lies ⬇️🩸

2 weeks ago

Eagle77

Will down to 0.03 very soon ⬇️🩸

2 weeks ago

derrickinvestor

widad mgmt very lousy.. not only here they dispose b4 raya, dataprep also they throw just to get sOme duit for raya.... wtf..

2 weeks ago

DK2866

Force sell block seems drained out, 0.06 is the lowest i bet.

2 weeks ago

Edmond0401

next week fly

2 weeks ago

TradeVirtuoso

share buy back, rebound is imminent...

1 week ago

Edmond0401

limit up soon

1 week ago

Rowie

Will Limit up when people look at the top 30 shareholders list and do some calculations

1 week ago

quassar

let me tapao at 6.0 first... than do la wht ever u plan to do

1 week ago

Michael R.

Wowww... Dato Eddie,. SOCSO... HR

4 days ago

Edmond0401

tommoror lu

4 days ago

limit_up

Opat margin call. Everyday throw shares. Throw throw, tomorrow will throw again. Cannot up.

4 days ago

Moondate

continues throwing until abg jamil mampos

4 days ago

TradeVirtuoso

Widad’s largest shareholder appoints Industronics to manage Langkawi golf course, hotel development

https://theedgemalaysia.com/node/710811

3 days ago

Edmond0401

monday hoot9e

2 days ago

mikeann

Share has been consolidating well at 0.06-0.07 level for the past few weeks.
In spite of constant selling from major shareholder, this price level seems to be a major support level and is holding well with negligible downside.
Rebound seems imminent from this strong support level.

2 days ago

Edmond0401

want buy fast loo

18 hours ago