poorman123We refer to our earlier announcement dated 15 April 2019 and 20 March 2020.
On 1 October 2020, we have been advised by our legal counsel that the Learned Judge at the High Court at Kuala Lumpur had made an order in favour of Ranhill Utilities Berhad (“Ranhill”) in regards to Ranhill’s application to strike out the amended counterclaim of RM14.0 million by Dato’ Mohd Fakrunizam Bin Ibrahim (“Defendant”). Ranhill's application was allowed with cost of RM3,000.00.
Previously, Ranhill filed claim against the Defendant and the Learned Judge had made an order in favour of Ranhill ordering the Defendant to refund RM7.0 million to Ranhill with costs. The Learned Judge, despite allowing summary judgment, had previously allowed an application to amend the Statement of Defence to include a counterclaim.
The entire amount claimed from the Defendant of RM7.0 million have been impaired by Ranhill. However, pursuant to the order made in favour of Ranhill, we have commenced recovery procedures and any amount, if recovered, will be written back.
None of the directors, major shareholders and persons connected with the directors and major shareholders of Ranhill has any interest, direct or indirect, in the above matter.
Ranhill will make further announcement if there are any material development in respect of the above matter.
This announcement is dated 1 October 2020
01/10/2020 7:28 PM
DakewlestFinally bought Ranhill today for dividend. I hope that the share price will rise later.
02/10/2020 9:32 AM
Jeff7Today volume most likely will higher than yesterday, good sign
Jeff7thanks to trump kena covid-19, only have chance to accumulate more
02/10/2020 3:13 PM
cjm5555I tot defensive stock like ranhill will spike if the market sentiment is bad. Hahahaha
02/10/2020 5:06 PM
Jeff7when the market sentiment bad, all stocks might drop mainly because have alot shorterm trader that do not have holding power and they scared it will drop, so will normally throw. but it is good for a long term investor, that ready to accumulate.
02/10/2020 5:15 PM
Jeff7when a business not affected much by mco or pandemic, the result will talk, and it's share price will adjust back to normal easily after panic sell
02/10/2020 5:16 PM
DakewlestMight buy more on monday if the price drops... the DY is appealing...
Jeff7EMA = Moving Average Exponential MACD = Moving Average Convergence Divergence RSI = Relative Strength Index
All these are basic measurement for the technical analysis (TA), of course there are more indicators that in the market.
When the share price move above EMA 20, 50, 70, mean up trend. It also mean the share price move above 20, 50 & 70 days average moving.
When MACD golden crossed, mean short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed.
RSI moving above 50 mean bullish too. (if drop below 30 mean fall into oversold)
Of course all these indicators need to support by volume too
If you want to know more, can google search on the TA.
But, one thing is RM1.2 from your view is the highest, but you havent calculate in the bonus issued that happened in the past, which mean, the cost of holding dropping maybe to 0.4-0.5 if you hold it since long. and the most important thing which is the DY that recurring, if you hold it since long, then your DY might more than 20% or more.
So, it is very depends on every investors strategy, timing or busying and etc. No right or wrong answer
12/10/2020 2:38 PM
Jeff7actually for me, i hope to buy in more when the price drop more, if a fundamental good company
12/10/2020 2:39 PM
Jeff7i also hold glove stocks too, which the most happiest time is when it drop crazy, cause i am the one that buying in when other people selling, thanks to them only i can earn more. i buy in since long, and top-up when every big drop. it is depend on investor itself on the investment strategy
Jeff7sorry, no. But Favco not bad, but recently drop to around ROE around 8-9% in average for last few years. Eps cagr for last 10 years less than 10%. But MOS good. Business growth slower compare to 3-5 years ago.
12/10/2020 11:23 PM
cjm5555Honestly, I do collected some cheap FAVCO tickets, that's why I ask. Hahaha.
I collected mainly because it's cash rich. As all of us know, construction sector affected most by this pandemic, but Favco still declare around 7% dividend payout. Looking back to the history the company is mature and stable, no an aggressive growth stock though.
Btw, I also have some glove stock in my holding, but not same as yours la. I think currently glove stock really useful in hedging, at least balance my portfolio.
Hmm.. I wonder what are the 42 companies in your radar now... Mostly what sector in your radar? :P
For the 42 companies that in my radar quite mix, with different industries. My benchmark very reasonable, must be ROE above 10% in average for 10 years or higher than the industry average, EPS CAGR more than 10% or around 10%, PE that less than 10 (depend on industry), MOS more than 10% at least, Debt Ratio better than industry average, DY above industry average & etc
Then will look at the shareholders ratio, and also industry potential.
13/10/2020 11:09 PM
Jeff7Share Dividend credited into CDS account by tomorrow 16 OCT
15/10/2020 9:34 PM
seiluenstill havent received my share dividend. you guys received ?
16/10/2020 8:06 PM
Jeff7Not yet. But already saw the confirmation announcement from bursa malaysia website
