Needless to say, the capital market in Malaysia is in crisis mode, primarily because of the downfall of certain companies.

These are the companies that are ‘probably’ responsible for the domino effect.

1. YNHPROP (lost close to 80% in value)
2. RAPID (lost over 80% in value)
3. IMASPRO (lost over to 80% in value)
4. JSB (Limit down 2 times)
5. SCIB (lost over 60% in value)
6. ARTRONIQ (lost over 70% in value)

If you are a close market observer, probably you would notice these companies often made it to the top volume on a daily basis.

Which is very interesting. The chart below highlights the drop of these companies, particularly from the beginning of the year.

However, what intrigues me is that investors are panicking on another fundamentally solid company, PTRB with a mere dip in share price just slightly over 10%.

What gives?

This is the result of panic selling, and if you look at the fundamentals of PTRB, the company had RM111.7 million in revenue in 2QFY24, with a PAT of RM18.7 million.

Comparatively, most companies mentioned above had less than RM2 million PAT in their latest financial quarters.

Wow!

Hence, I urge investors to think again before dumping your shares of valued companies. Follow the crowd and you get subpar results.