Where got lost woh! I bought at cum price RM3.07 and today I sold all at RM1.23. At this moment, no gain, no loss. But my coming free warrants will help me to earn a lot of net profit.

@Explorer2: There are two reasons why I sold the mother shares held and bonus issues right on the first day:
(1) If we were to look at VIS after all ex-date trading, the mother share kept on going down while waiting for the listing of its free warrants,
(2) I want to raise cash to trade in the coming free warrants as it will be very active and volatile in the first 4 days of its listing (can be seen in VIS-WB). I believe ECON-WA will hit limit up of RM0.305 on the first day of trading. If I am lucky enough, I could buy some at RM0.305 even though the chance is quite low. I can't predict the second day whether or not it will hit the second limit-up at RM0.605.

Sold all my shares held by keying in myself. My bonus shares also all sold through my remisier. Now waiting for my free warrants. Should be around 10 January 2017. An announcement will be made before that.

Waiting for RM15.50 (my TP). Once reach, I will sell all. Anyway, only 5,000 shares. No impact at all.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1020646

@ zoomsbooms: Please refer to the above announcement.

@ zoomsbooms: Our remisier (Hong Leong Investment Bank) can do that but we can't do it using our own HLEBROKING system. I will sell all my shares held first by keying in myself. After that, I will call my remisier to sell the expected number of bonus shares. Their computer system can sell even though the shares are not available yet. But after T + 3, it will balance by itself.

@ zoomsbooms: RM1.25 is the exercise price of the free warrants. Even though it is free but actually it has to be taken into consideration when calculating the adjusted all ex-price.

If we were to refer to VIS trading after ex-date, it is better for us to sell all our mother shares held and bonus shares through our remisier right on the starting of next Tuesday trading while waiting for our free warrants. I believe the free warrants will hit limit up on the first trading day.

Assuming an investor has 2 ECONBHD shares. After the split, he/she has 4 ECONBHD shares and with this 4 splitted shares, he/she is entitled for 1 bonus share and 1 free warrant.
Hence, the all ex-price = (2 X 3.17 + 1 X 1.25)/(4 + 1 + 1) = RM1.265 (rounded off to RM1.27).
And the ECONBHD-WA temporary price = RM1.27 - RM1.25 = RM0.02.

CHANGE OF NAME FROM ASIA BIOENERGY TECHNOLOGIES BERHAD TO FINTEC GLOBAL BERHAD

Kindly be advised that the aforesaid Company has changed its name to "FINTEC GLOBAL BERHAD”。 As such, the Company's securities will be traded and quoted under the new name with effect from 9.00 a.m., Tuesday, 19 December 2017. The Stock Short Names will be changed as follows:-
ASIA BIOENERGY TECHNOLOGIES BERHAD (ASIABIO) to FINTEC GLOBAL BERHAD (FINTEC)

ASIA BIOENERGY TECHNOLOGIES BERHAD - Warrants A 2014/2024 (ASIABIO-WA) to FINTEC GLOBAL BERHAD - Warrants A 2014/2024 (FINTEC-WA)

ASIA BIOENERGY TECHNOLOGIES BERHAD - Warrants B 2017/2022 (ASIABIO-WB) to FINTEC GLOBAL BERHAD - Warrants B 2017/2022 (FINTEC-WB)

ASIA BIOENERGY TECHNOLOGIES BERHAD ICPS 2017/2027 (ASIABIO-PA) to FINTEC GLOBAL BERHAD - ICPS 2017/2027 (FINTEC-PA)

The Stock Numbers remain unchanged (0150).

@ zoomsbooms: At 8/10/2017.

@ zoomsbooms: The all ex-date is on 26/12/2017. The last day for buying to be entitled for the bonus issues and free warrants is on 22/12/2017.

Please refer to the forum CHRISSYCONN at
http://klse.i3investor.com/servlets/forum/900779068.jsp

You can see how RCHI and CONNIE trade FIFO (Fast-In, Fast-Out) on VIS-WB on 23 and 24 November 2017.

I have yet to buy any ECONBHD shares because of my bitter experience from the corporate exercise of SUNWAY, as follows:

i. Proposed bonus issue of up to 2,804,471,128 new ordinary shares in Sunway (“Sunway Shares” or “Shares”) (“Bonus Shares”) on the basis of four (4) Bonus Shares for every three (3) existing Sunway Shares held on an entitlement date to be determined later (“Entitlement Date”) (“Proposed Bonus Issue of Shares”); and

ii. Proposed bonus issue of up to 631,006,003 free warrants in Sunway (“Warrants”) on the basis of three (3) Warrants for every ten (10) existing Sunway Shares held on the same Entitlement Date as the Proposed Bonus Issue of Shares (“Proposed Bonus Issue of Warrants”).

Its cum price was RM4.38 on 26/9/17 and its all-ex price was RM1.87 on 27/9/2017. Its SUNWAY-WB price hit limit-up on the first day at RM0.305, hit the second limit up on the second day at RM0.605, blocked by Bursa Securities at RM0.605 on the third day and went to a high of of RM0.735 on the fourth day (11/10/2017) with high volume.

But what happens to SUNWAY and SUNWAY-WB prices today (14/12/2017)? They are only RM1.60 and RM0.53 respectively.

Assuming an investor holds 60,000 shares of SUNWAY at cum price RM4.38 (with a cost of RM262,800). He/She is entitled for an additional 80,000 bonus shares making the total mother shares to be 140,000 and 18,000 free SUNWAY-WB shares. What is the total value today (14/12/2017)? It is = (140,000 X RM1.60) + (18,000 X RM0.53) = RM233,540.

As of today, it is a huge lost of RM262,800 - RM233,540 = RM29,260 (lost).

For me, I can vividly remember I sold everything on 10/10/2017 (when Bursa Securities blocked SUNWAY-WB price at RM0.605 - because a share is not allowed to hit limit up on three consecutive days) with just a very minor profit of RM723.50.

I would like to share how to calculate the all ex-price of ECONBHD taking today's closing price of RM3.08 and the exercise price of the warrant at RM1.25.

Assuming an investor has 2 ECONBHD shares. After the split, he/she has 4 ECONBHD shares and with this 4 splitted shares, he/she is entitled for 1 bonus share and 1 free warrant.
Hence, the all ex-price = (2 X 3.08 + 1 X 1.25)/(4 + 1 + 1) = RM1.235 (rounded to RM1.24).
And the ECONBHD-WA starting price = RM1.24 - RM1.25 = -RM0.01.

Dear Sifu VenFx, can you enlighten me by explaining why Asia Bioenergy Technologies Berhad name is changed to Fintec Global Berhad? As far as I know Fintec means Financial Technology.

Thank you very much for all the suggestions. I will form my 2018 portfolio following "mario888".

Which one to buy tomorrow? Sime or SimeProp or SimePlt? Of course SimePlt.

My heart was filled with relief when the US Senate Budget Committee passed the Republican tax plain with a slim majority of 12 to 11 and Dow Jones rocketed up 256 points to set a new record close. But when I switched on my TV (Astro) to watch CNN news, I saw a breaking news at the bottom on the TV screen and my heart sank to see the news that North Korea had just fired another ballistic missile which landed in the Japan Sea west of Japan. Who so unfortunate?????

Icon8888, nice to hear from you again. Your last previous post was dated 31 Aug 2017. For two months 3 weeks didn't hear from you. Happy trading.

I have sold all my converted shares from WC already. Now can forget about converting WC already because WC is at 2.5% premium already (that means no more discount).

Moreover, next month, Focus Dynamics will start the process of cash call already by issuing RCPS 6 for 6 with 1 free warrant-D. Cash calls are usually not welcome by traders.

The dividend is not applicable to bonus issues because the ex-date for bonus issues and free warrants will be after the ex-dividend date of 6 Dec 2017.

Change in current year
Market Current End 2016 Pct Move
Singapore 3422 2880.76 18.79
Bangkok 1714.5 1542.94 11.12
Manila 8293.52 6840.64 21.24
Jakarta 6032.704 5296.711 13.90
Kuala Lumpur 1720.15 1641.73 4.78
Ho Chi Minh 926.1 664.87 39.29

Why is Malaysia don't boom like other ASEAN countries? Uncertainty of the coming general election? What a big let down.

When the whole world markets set new record highs, our KLCI keeps on making new lows.
When the whole world markets are in serious correction, our KLCI will crash.

Recalling April 2008, when Axiata demerged from TM, TM cum price on 22 April 2008 was RM10.90. On ex-date 23 April 2008, TM price was RM3.45, while Axiata debuted on 28 April 2008 at RM7.55. The sum of RM3.45 and RM7.55 is RM11.00, which means no gain no loss.

At this moment KLCI is making new lows everyday. Better avoid. Let's see after ex-date (27 Nov 2017) how first.

Hopeless, closed at only 0.41 (17 Nov 2017). Now the gap between WC (0.35 + 0.05 = 0.40) and mother share getting closer and closer already.

The Group (Focus Dynamics) has redirected its strategic direction towards its F & B segment. It will leverage on its F & B outlets, namely “Chaze”, “LAVO” and “Maze” to further expand its F & B business including among others, opening additional outlets or launching new F & B brands.

ASIOBIO PROSPECTS:

As with all marketable securities, the Group's investments will always be subject to unpredictable market forces. Nevertheless, management remains optimistic that values in the incubates will be maintained in the medium term. We anticipate that Focus's Food & Beverage operations to continue to improve culminating with additional new outlets being opened during the financial period.

How? Last time 2 November 2017 dropped to 0.405. Today (16 November 2017) drop to 0.405 again. Converted to mother share from WC one. Haizzz...

Dear VenFx sifu, you said Fintec Global today's closing at 0.200. Is it listed in Bursa Malaysia or in overseas? I can't search for it.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=965023

ASIABIO is holding 19.28% of the shares of Focus Dynamics Group Bhd.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=965023

ASIABIO is holding 19.28% of the shares of Focus Dynamics Group Bhd.

Under the maximum scenario, the company (ASIABIO) will allocate RM8.99mil to invest in the ICPS of energy efficiency device maker Focus Dynamics Group Bhd.

https://www.thestar.com.my/business/business-news/2017/08/11/asiobio-to-raise-up-to-rm81pt4mil-via-rights-issue/

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=V&securityCode=0116

Under the maximum scenario, the company will allocate RM8.99mil to invest in the ICPS of energy efficiency device maker Focus Dynamics Group Bhd.

https://www.thestar.com.my/business/business-news/2017/08/11/asiobio-to-raise-up-to-rm81pt4mil-via-rights-issue/

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=V&securityCode=0116

Heavy selling at 0.27 is well-absorbed today (7 Nov 2017) but don't know can stand for how long.

So sorry to all for the typo error in the above blog title. I have corrected it to 30 October 2017 already. Anyway, wait for rebound in Huaan after flushing out contra traders.

Sorry to all. Typo error! Edited to 30 October 2017 already. Anyway, wait for rebound in Huaan after flushing out contra traders.

Thanks Clearsky. I have edited the mentioned sentence already.

https://klse.i3investor.com/blogs/Chloe_Tai_Blog/137178.jsp

JHM (0127) BREAKOUT ON 3 NOV 2017 (10 CONSECUTIVE QUARTERS OF GROWTH)

Who is going to subscribe ATTA's ICPS now? 8 ICPS at RM0.08 each for 1 mother share held is too much. Conversion price is RM0.72. RM0.08 + RM0.72 = RM0.80 but mother share now only RM0.785. I expect the mother share holders will try their best to dispose their ATTA-PR at RM0.005 from 07 to 13 November 2017. Really a very weak batch of administrators.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5590713

Only an MOU to fabricate and supply scaffolding, materials and accessories to PROTECTION RIGGING ACCESS SERVICES SDN BHD.

What is brewing in Ni Hsin?

http://www.theedgemarkets.com/article/fbm-klci-slips-sime-darby-drop-foreign-fund-outflow

KUALA LUMPUR (Nov 1): The FBM KLCI closed down 3.99 points or 0.2% partly on Sime Darby Bhd share losses and as foreigners sold Malaysian equities.

At 5pm, the KLCI closed at 1,743.93 points. Sime Darby dipped 11 sen to RM9.09 after Moody's Investors Service downgraded Sime Darby's issuer rating to Baa3 from Baa1.

"The rating outlook is stable. The rating action concludes Moody's review of the company's rating for downgrade, which was initiated on Feb 3 2017, after Sime Darby announced a plan to create three standalone businesses, by retaining its motors, industrial, logistics and other businesses and listing its plantation and property divisions on Bursa Securities Malaysia," Moody's said in a statement yesterday.
=====================================================================

Foreign funds are not in favour of Sime Darby's 1 split into 3. So how?

HUAAN (2739) BREAKOUT ON 31 NOVEMBER 2017!

https://klse.i3investor.com/blogs/Chloe_Tai_Blog/136820.jsp

Some notes on PARAGRAPH/RULE 8.03A COMPANIES

http://customer.bursamalaysia.com:8080/MainLR/Pages/MainPracticeNote17.aspx

pang72: Huaan announced quarter result early is to quickly meet the regularisation plan?
1 Nov 17 got announcement for the plan?
===================================================================
Responds: Hopefully. We see how is the monthly report tomorrow.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5584521

Outcome of EGM

Shares of rivals Dufu Technology Corp. and JCY International climbed 2.8% and 7.6%, as market participants bet those companies could snatch some potential orders away from Notion.

https://asia.nikkei.com/Markets/Nikkei-Markets/UPDATE-Malaysia-s-Notion-VTec-Chairman-Expects-Faster-Recovery-At-Fire-Hit-Unit?n_cid=NARAN1507

https://klse.i3investor.com/blogs/sectionanalyst/135949.jsp

DUFU - Upgrade to buy with TP RM 2.15

https://klse.i3investor.com/blogs/Chloe_Tai_Blog/135880.jsp

Dufu - Opportunity in Competitor's Disaster

Extremely strong rumours that TopGlove will takeover Supermx. If not true, then 'inverse V'.