JACKPOT: Doubling with minimal risk via New Boss  -Wednesday 17/3/2021

Welcome back to “The Huat Project”. Today we would like to present JACKPOT: Doubling with minimal risk via New Boss- COMPUGT(5037).

Storyline Analysis:

The old majorshareolder, Mr Goh Kheng Peow has exited the company by selling all of his shares via Direct Business Transaction (DBT) at RM0.02. ( https://www.klsescreener.com/v2/announcements/view/3318790 )

The New Boss, Ms Soo Yi Xin purchased at RM0.02. ( https://malaysiastock.biz/Company-Announcement.aspx?id=1300110 )

Ms Soo Yi Xin, is the Group CEO of HSC Healthcare Group. HSC Healthcare Group is a fundamentally sound company as they recorded profit of 62mil on revenue of RM265mil previous years.

https://www.thestar.com.my/business/business-news/2016/06/06/mexter-causing-a-stir

https://hsc.com.my/news-details.php?news_id=354 

Technical Analysis:

From the next resistance is shown to be at RM0.05, and with support of RM0.02 as support (New Boss buy in price), the reward risk ratio is 2:1. Should the RM0.05 resistance be broken, next possible resistance is RM0.075.

Conclusion:

We observed a lot of penny stocks are on the rise, while most pennies are in the PN17 group, COMPUGT(5037) has just started moving after the DBT. Also could COMPUGT(5037) be politically linked in any way ?
 

We believe that COMPUGT(5037) has great potential with the announcement of Ms Soo Yi Xin emerging as the new major shareholder. Ms Soo Yi Xin DBT Price was done at RM0.02, and as Group CEO of HSC Healthcare Group, could there be any asset injection into COMPUGT(5037)? 

DBT of 200million shares at RM0.02

What will you do?

DISCLAIMER: This post serves as an educational analysis and is never meant to be a buy/sell call or recommendation. Investors must always do their own due diligence before making any investment decisions. The author of this post is not liable in any way for any decisions made by any individual.