Today, it closed at 52 sen as most penny stocks were sold down ahead of the long weekend.

Let's wait for potential traditional CNY play next week...

It closed at 71 sen today, the lowest point of the day as many penny/mid cap stocks were sold down ahead of the long weekend, led by a drastic reversal of Hua-an's share price.

Got to wait for next week on potential traditional CNY play, plus supported by the EGM news.

Circular to shareholders is out. EGM is on 15 Jan 18...

Interesting. Slowly moving up. See if there is any CNY play....

Somebody asks why I knew it was goreng down, instead of gap down the day after result was announced.

I said, "I did my homework by studying the demand/supply condition of this counter to conclude there was not much selling pressure, even when operator wanted to press price down.

A lot of pp talk without doing proper research or testing the mkt.


.

Today, it is goreng up time. Those who had listened to my analysis to buy during the post Christmas sale have already gotten a post-Christmas present.

Haha...

Today is Hua an's day. Likewise, operator needs a good catalyst to goreng up this counter too.

The question is when can the proposed dividend payout be finalised?

Looks like the play on this counter has started. But not sure for how long...

It closed at 70.5 sen today. Yesterday, it was goreng down 3 sen and today it was goreng up 2 sen. If it can go up 1 more sen, we will be back to square one.

It is getting more interesting now as some speculative counters/small caps have started to show some play.

This "goreng" counter has in the past "cheated" even some TA sifus too. The goreng master is smart at drawing/redrawing an "uptrending" chart as well as a "down-trending" chart to confuse us.

Whatever we read from this forum, please bear in mind that they are just sharing of info/opinions from any individuals. Please do your homework before making any buy/sell decisions.

Again, 687423 deleted his postings too. Do not tell me he was scared the shit out by Shareinvestor88's 30 sen scary remark?

Strange characters....

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Stock: [COMCORP]: COMINTEL CORPORATION BHD

Dec 12, 2017 05:09 PM | Report Abuse

Someone said target price 30 sen..Better do not play play....

Is it after dividend payment? He did not mention?

Lol....

Haha..Shareinvestor88 tried to destroy evidence, but was too late, caught by my CCTV.

Do not play play.....I have a way to deal with dubious comments.

In case u are not aware, Pentamaster closed at RM 3 today, much higher than the closing price on 13 Dec.

I do not own this high flying stock. But, I will not chase this stock either.

Shareinvestor88, your TP of 30 sen is to scare the shit out of 687423? But I think nobody will be bothered by your comment when they saw your comment about Pentamaster Corp on 13 Dec 17, "Sell and run from waterfall."

haha.......

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(Extracts of their postings)

687423 When a company disposes its asset and the same management is the buyer..... it’s like you bend down and poke your head into toilet bowl eating own shit

26/12/2017 17:26

687423 How possible?

26/12/2017 17:28

shareinvestor88 Down trend sell TP 30c

26/12/2017 17:56

I chase low and watch for pitfalls.

Mkt is quiet. That is why I have some time to entertain u guys. Do not take it for granted.

687423 no wonder u have a bad habit of deleting some of your worthless postings before end of the day.

Haha... nothing seems to escape from my eyes...

From my observation, the operator is collecting/buying back at 68 & 68.5 sen for the time being. My chances are slim today...

Anyway, mkt is quiet. I can afford to slowly wait for durians to drop. Haha.

I had bought some at 68.5 sen some 1 week earlier. I.want to top up with a wider spread...give other pp a chance to buy at 68 sen...haha

Wow, another buy queue at 68 sen! Pls queue up in a straight line. Do not fight, woh! Lol!

After the initial goreng down session in the morning, trading vol has dropped to a pathetic level again. The operator is no class? Why not goreng it down to 66.5 sen to sell some to me, instead of only churning vol at 68.5? Lol

Come to think of it, if it is a related party, does it mean that the disposal proposal has a higher chance of success?

Still queuing at 66.5 sen....waiting for panic sellers to sell to me....

What to do? Somebody can engage in a habit of posting and then deleting a posting.

A company can also engage in a related party transaction. So long as it is sold at a good profit, I do not usually bother too much. I find the rationale of selling the subsidiary quite plausible too.

No wonder. Operator has to respect the old man. I cannot collect cheaper...

Haha...of course I know why....too few sellers..

Gap down? But never go lower, instead trade at day's high... Why like this?

I queued at 66.5 sen, also not done. What type of gap down is this? More like a goreng down only..

Haha...

No why. If mkt is quiet, the operator can a mischievous conman.

Post-Christmas sale? Good for bargain-hunters!

Haha....

Yes, if u are not a contra player, no need to sell cheap.....

For a "goreng" stock, u cannot chase high. If it drops from high level, u should immediately take profit or cut loss. Cannot be too greedy.

Now, got to see next week's performance(a quiet mkt) and hope the disposal news to be finalised soon....

Apparently, u speak like having been "burnt" chasing high on somebody's buy call, I believe. I feel sorry for u.

I only chase low. Even I decide to sell, I will wait for a better price to sell, when pushed up.

In the past few quarters, share price was "pushed up" by the operator before result release, resulting in a "gap down" on contra selling pressure when quarterly result was announced. This is why I said it is a "goreng" counter.

This time round, share price has already fallen before result release, plus only a small quantity traded, not much contra selling is expected. Any gap down, if initiated by the operator in this quiet market, could well be a buying opportunity, in view of the "imminent" finalisation of the proposed disposal(if implemented) and a potential CNY rally in the making.

Haha...buy or sell at own risks, as always...

Wow, so many visitors all of a sudden! Like that, I also give my own 2 cts comments:
1. Under B9, Corporate Proposals, the proposed disposal of its subsidiary, BCM Electronics Corporation Sdn Bhd, was mentioned, without an update on the status. So, we will need a separate announcement from the company on its progress.

2. Lower profit(not loss) was partly due to its manufacturing segment. That is why the management has wanted to sell away its manufacturing subsidiary, BCM Electronics Corporation Sdn Bhd.

RATIONALE FOR THE PROPOSED DISPOSAL(extracted from 20 Oct 17 company announcement):

The Proposed Disposal provides an opportunity for the Company to unlock and realise the value of its investments in BCM Electronics.

In the past, BCM Electronics has been largely dependent on large-scale contracts related to overseas multinational OEM companies and continuous capital investment for technology refresh to maintain its competitive edge. Given the highly competitive and specialised nature of the EMS industry, there is limited leverage to further increase the competitive edge of the Comcorp Group in the EMS and EMS-related industries. If Comcorp is not able to continue to maintain the competitiveness of the EMS business, there could be adverse impact of potentially losing its key customers to its competitor(s). The factors that may hamper the Comcorp Group’s competitive edge are set out below:

(i) Size of competitors
Most of BCM Electronics’ competitors have substantially greater resources and greater geographically diversified international operations. BCM Electronics has only one manufacturing site. Due to its size and lack of economies of scale, BCM Electronics has little bargaining strength in material purchasing.

(ii) High material costs and rising cost of labour
Material cost and labour cost, represent more than 85% and more than 5% respectively of the total cost of sales of BCM Electronics for the past 5 FYEs. High material cost, rising cost of labour and rising operational costs may adversely impact BCM Electronics’ competitive edge.

(iii) Capital investment requirements
Keeping up with technology advances is paramount to ensure BCM Electronics’ competitiveness. Financial ability to continuously support substantial capital investment in both machinery and human capital are pivotal for BCM Electronics’ business to remain sustainable in the EMS industry.

(iv) Dependence on key customers
BCM Electronics is dependent on its top five (5) key customers who contributed approximately 90% of its revenue for the past five (5) FYEs. Customers are demanding their EMS partner to have total integrated services capability, including manufacturing of plastic and mechanical component parts, in order to maintain cost competitiveness. Lack of R&D capability and no economies of scale for vertical integration will pose further threats for BCM Electronics’ ability to meet its customers’ requirements and to continue receiving contracts from them.

(v) Tax Benefits
Tax benefits such as Reinvestment Allowances enjoyed by BCM Electronics have been almost fully utilised as at FYE 31 January 2017. Therefore, BCM Electronics will be subjected to a higher effective tax rate subsequent to the FYE 31 January 2017 and this will impact its net earnings in the future.

Additionally, the Board also views the Proposed Disposal as an opportunity for the Company to reprioritises its business focus and resources into further growing its existing waste-to-energy business. Its maiden waste-to-energy 2 megawatt plant in Kuang (“Kuang IPP”) is expected to be fully commissioned and revenue generating in the fourth quarter of the financial year ending 31 January 2018. The Kuang IPP will provide a recurring income to the Comcorp Group. The Company also intends to venture into the green waste management business.

The Comcorp Group views both the waste-to-energy and green waste management business prospects be encouraging and expects it to provide Comcorp Group with a sustainable business portfolio moving forward. As such, the Comcorp Group intends to use part of the Disposal Consideration for its future investments in both the businesses.

3. Comcorp had a NTA per share of 98.37 sen(higher than the current market price), as at financial period ended 31 Oct 17(based on its last quarterly report).

Such a pre-holiday show with very good vol traded, closing at 49 sen. Cannot have asked for more....

It closed at 71.5 sen with 212,900 shares traded.
One of the lowest vol traded in months.

Wait for our old man to come back and help fight this hard battle with the operator......haha

Where is the old man? I heard he is now fighting the Sapura Energy war with the big boys.

Like me, he probably enjoys challenges and derives great satisfaction from triumphing over the "invincibles".

Operator has no class - managed to churn some vol at 71.5 sen to derive at 167,000 shares traded at lunch break today.

I shall put this on record here....haha

Lesson learnt - if a counter reports good result and share price does not go up, we must panic- buy before operator pushes it up...

Haha....

Finally, it breaks 50 sen....hope it can stay above it ...

Now, operator is having a headache - to push up or down. he can not let it stay at vol traded - only a miserable 50,000 shares.

If pushed up, maybe no punters to support. If pushed lower, some pp might be able to collect cheap...

A big headache. Let's see how he resolves it.

Let's see if the momentum continues today, before the long weekend...

Just look at Hua an. It is a good example. It was pushed down to 22.5 sen on fear of delisting and also a red chip. But it rallied just before news of upliftment and was sold down after news was announced.

The process was like a roller-coaster ride. Why? The operator already started to collect when it was pushed down all the way to 22.5 sen and sold on the upliftment news.

Of course, the game is not over yet, depending on the operator's next game plan and mkt demand/supply condition.

Do not worry. I follow operator's style. Buy only when I sense it is deliberately pressed down by the operator(accumulation) and sell when it is pushed up by the operator(distribution).

Be a contrarian like the old man....haha

I think Leno Cat is too ashamed to face her supporters. She promoted this counter even at around 28 to 30 sen when it enjoyed a strong push by the sharks.

Luckily, I read a few smart forumers' comments and did not buy her story.....

Luckily, I also collected some....no reason why good quarterly result does not translate into higher price...

If not for the proposed dividend payout, I would not even look at this "goreng" counter!

Hope management does not play us out...

I have consistently dealt with conmen(operators) in the mkt place. My good sense will flag out who the liars are and fort up my defense mechanism. The good, the bad and the ugly. These are what make the world go round!!!

In a quiet market, the operator is king! He can be a mischievous "conman".......haha

Another round of "goreng down", to wipe out weak holders?

Looks like there's some accumulation going on at current levels, despite a generally weak mkt due to a festive season.