Like I mentioned earlier, the third party investor already purchased 104 million shares at 0.662. At the current price, they already lost a few millions. Do you think they purchased shares to lose or making money? In stock market, we should look shares that belongs to retailers, directors and etc. These few days the retailers have to cutloss in the open market especially those punters and playing contra and due to that the share price has to come down. If you look at the volume, there is no way major shareholders already out. For example, yesterday's volume is not even 1% of total shares. And also if fund manager coming in to the stock they already knew the future potential. There is only 2 ways for the fund manager to earn money. Either the stock price has to come up or through dividend. As the last time krono gave dividend was 2 yrs back the only chance for fund manager to earn money is to wait for the price to come up. It is a waiting game and only those who are patient surely will be rich.
102 million shares already listed today at 0.662. Do you know how much loss the investor will get if the price drop below 0.662? Do you think all the 102 million shares can be disposed in today's volume?
they already ready to place 20% shares via private placement. for sure, price will maintain at this price for a couple of times until the 5 days vwap is maintained. This stock shall be in your watchlist and after PP completed, this for sure will fly high.
You need to hold this stock and not playing contra. Construction index has recovered tremendously after the vaccination has started. Since this stock is considered as laggard, it will come eventually the day it will rise high. Also, this is a fundamental stock with a lot of contracts already awarded for the company. More than 700 millions contracts but the market cap still low. Do your own study.
You should know why it is still not flying. There is at least 50 million shares need to be issued via private placement. Right now, they are trying to lower down the 5 days vwap so that they can issue out the remaining shares as low as possible. After that, sure this share will fly high.
be careful if you still holding. there is no way the company can do so much thing without doing private placement. 50m cash not gonna be enough to do ventilator, nasal swab, vaccine or syringe. i am pretty much sure they will press down the price and at the end of the day the news of private placement will come out.
today is t3 fs. you can see the transaction is really from the retailer. anyway, i already saw operator blocking from 0.19-0.20. You can see at 9am they already que sell about 30 million shares there. If today's fs, no big lot throw like yesterday, this stock has potential to spike again.
You need to understand how private placement works. Since that the company giving by tranches, they need to maintain the 5 days vwap in order to attract the third party investor. The private placement still not yet completed that is why the stock still not flying.
like I said the accumulation started yesterday and today. possible to break 0.41 tomorrow. My TP remains 0.42-0.43. Be careful if you are buying. The stock that always producing good news before the quarter report normally will sell on news. We have at most one week before quarter report is out.
I think we shall accept the fact that quarter report is not really important at this point of time. We have already saw a few stocks fly really high without showing good fundamental. If you are an investor based on FA alone, Malaysian market is not suitable for you. Coz here we have so many parties can push up and down the price..
k1 started to make ventilator and nasal swab in q3 which starting from june- sep. however, bear in mind that for ventilator they only have approval to market it in USA. For nasal swab only approval in September. If they receive order from KKM only in September, then this coming quarter will not only showing so much value. Just my opinion. Anyhow, there is still opportunity to spike as long as above 0.32. I am still waiting to enter second time.