Posted by vcheekeong > Jun 29, 2018 5:27 PM | Report Abuse

Biz dead?

Posted by CT > Jul 18, 2018 3:12 PM | Report Abuse

Bottom at 61 plus Company share buy back. Time to buy again. Trend show up..Just back at lowest..

Posted by CT > Jul 19, 2018 2:04 AM | Report Abuse

PE 6 only and most importantly industrial sector is above 200MA. So just buy in..

Posted by manahin > Jul 19, 2018 10:06 AM | Report Abuse

...time to load!

Posted by CT > Jul 19, 2018 1:33 PM | Report Abuse

big U...

Posted by hahaha90 > Jul 24, 2018 9:15 AM | Report Abuse

wow, what happening to nylex

Posted by CT > Jul 24, 2018 9:22 AM | Report Abuse

cup and handle

Posted by kyosan > Nov 19, 2018 5:32 PM | Report Abuse

they manufacture ethanol.... read this http://www.theedgemarkets.com/article/surprise-fuel-flows-sparked-raging-uschina-trade-war

Posted by Ameera > Jan 24, 2019 9:34 PM | Report Abuse

What happen to Nylex? Any good news going on?

Posted by Kong CL > Feb 18, 2019 7:50 AM | Report Abuse

big news incoming

Posted by masterus > Mar 1, 2019 7:38 AM | Report Abuse

https://youtu.be/QhBONQGoDso

Posted by Ameera > Apr 12, 2019 4:50 PM | Report Abuse

Any big news?

Posted by BlackWhite > Apr 17, 2019 10:58 AM | Report Abuse

This stock seems rising but suffer profit taking obstacles

Posted by BlackWhite > Apr 18, 2019 1:50 PM | Report Abuse

This time die stock free drop

Posted by Ameera > Apr 18, 2019 2:15 PM | Report Abuse

Seeing above 70 in this week for can’t sustained...jia lat

Posted by Jeffreyteck > Jul 15, 2019 2:44 PM | Report Abuse

Why buying back? Give dividend is better. Is it buy back from those with esos? Any check and balance?

Posted by ytliew > Jul 17, 2019 9:07 AM | Report Abuse

Jeffreyteck,

I have the same feeling, wrote to them, and below is the reply:

Dear Sir/Madam,

Thank you for your email.

We noted your comments therein. We wish to inform you that our business operations have not been affected in anyway by the share buy-back.

The Company’s share buy-back is carried out in accordance with the procedures and mandate given by the shareholders of the Company and is in the interest of the shareholders and the Company.

Regards,


Choo Se Eng

Company Secretary

I have further asked but so far no response :

Hi Choo Se Eng,

Thank you for your reply. I refer to your reply .... " and is in the interest of the shareholders and the Company."

1. How can you be sure buying on daily basis is aligned with the interest of the shareholders and the Company. It doesn't seem to be supporting the share price or moving it up, or anything.

2.What exactly is the benefits or interest that we are looking at currently by buying on daily basis?

3. What is the company's internal policy to prevent the person entrusted to do the share buy back is clean? I am imagining, "if" let me do the job, I will be making a lot of money buy now with a few buying and selling strategies, since I am quite sure whatever price I bought, I can log on to the company account to buy it back from my personal/proxy account. I noted a few times the "timing" daily transactions look so weird, one someone sold, next moment (less than few seconds, there is a bought, and thereafter it can be no more transaction the rest of the day.

4. I have checked thru various announcements for share buy back and noted that your company has the highest, almost daily SBB transactions in Bursa. Why abnormal compared to others?

5. Will your method of buying on daily basis will achieve intended results? What is the results that you want to achieve?

6. Can you please justify that you buy on daily basis will meet the mandate?

Thank you.

Your faithfully

Posted by Jeffreyteck > Jul 17, 2019 1:45 PM | Report Abuse

TQVM Tyliew. You are great for taking the trouble to check with the company. Personally I don't buy in arguments for shares buy back which may subject to abuse and mislead the market. Good profit making together with reasonable dividends may able to support the price. Genm bought its shares at above $5, then above $4, now is only trading at $3.35. Anyway, good luck for your investment.