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2021-04-22 19:42 | Report Abuse
@jlex11, you are very funny. Just like i post here will make you loss a lot of money. Why ? you scare retailers know the bau and avoid this counter ?? Then worth for me to post more
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2021-04-22 19:22 | Report Abuse
a group of syndicate pretending to be a retailers here. haha.
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2021-04-22 19:18 | Report Abuse
@jlex11, do you think you can threaten me by saying that.
https://www.klsescreener.com/v2/news/view/818927
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2021-04-22 19:00 | Report Abuse
i like Greedy44444 and jlex11, both of you motivate me to keep posting
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2021-04-22 18:59 | Report Abuse
@Greedy44444, your permission is not needed, hahaha
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2021-04-22 18:58 | Report Abuse
@Greedy44444, I post again and again, so ??
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2021-04-22 18:57 | Report Abuse
yes, I really kiasu, so ??
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2021-04-22 18:57 | Report Abuse
@greedy44444, I post again. so ???
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2021-04-22 18:50 | Report Abuse
Thank you to The Edge, so we retailers know the truth behind the dirty game. But, jlex11 seem like he support this dirty game. hehehe. The reason you know I know lah
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2021-04-22 18:43 | Report Abuse
Trust Focus and sold that fast, hahahahaha. Jlex11, you are very funny. I like you.
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2021-04-22 18:42 | Report Abuse
To all, now you guy can judge why this Jlex11 so sensitive with the posting. One reason, he must be related to this group. beware yeah
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2021-04-22 17:30 | Report Abuse
read the article. If not, you die you also dont know why and how you die
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2021-04-22 17:28 | Report Abuse
read this article, so you will know the reason why and how you die
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2021-04-22 17:27 | Report Abuse
read, if not you die you also don't how you die
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2021-04-22 17:24 | Report Abuse
Now you know why raise in the morning and drop in the afternoon. Fintec group
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2021-04-22 17:20 | Report Abuse
Special Report: Hidden hands behind penny stock surge under scrutiny
TheEdge Wed, Apr 21, 2021 05:00pm - 1 day ago
A few weeks ago, the authorities are understood to have raided several offices in Menara Lien Hoe in Persiaran Tropicana in the vicinity of the Tropicana Golf and Country Club in Selangor, looking for information on a group of individuals involved in manipulating penny stocks on the Bursa Malaysia.
The authorities, it seems, are after a group of individuals who control as many as 60 companies on Bursa Malaysia and appear to manipulate share prices and siphon out funds from these companies via numerous cash calls and the subsequent acquisition of assets. Also being scrutinised are the “asset-shuffling exercises” undertaken by many of the companies. There is also talk that they are allegedly involved in the legitimising of ill-gotten gains or money-laundering activities.
It is also learnt that there is a ringleader, an individual in his late 40s, who is not directly linked to any of the companies but efficiently uses proxies to mask his presence, utilising, instead, several generals who control the shares in many of them.
The Edge managed to identify almost 40 out of the 60 companies controlled by the same few individuals. (See chart next page.)
The ringleader controls, among others, Sanston Financial Group Ltd. The web of control appears to flow from Hong Kong-based Sanston.
According to its website, Sanston is a specialist securities broking firm regulated by the Hong Kong Securities and Futures Commission.
Despite the ringleader’s low profile, some blogs — equating him to Datuk John Soh Chee Wen, who is facing trial in Singapore for stock manipulation — have begun to talk about him and his generals, and their alleged stock manipulation activities that have been going on for some time now.
While two government authorities are said to have raided the premises of companies in Menara Lien Hoe, it is understood that the Securities Commission Malaysia (SC) was not part of the exercise. In response to a query on whether an investigation was ongoing, the SC replied: “As a matter of policy, the SC does not comment or respond to queries on whether it is investigating any individual or entity.”
A source close to the SC, however, says that the individuals and their stock manipulation operations have been “on the SC’s radar” for some time now.
Market talk, meanwhile, has it that the Inland Revenue Board and the Malaysian Anti-Corruption Commission were the two government agencies that paid the companies a visit, carting away documents.
“He (the ring leader) is a smart cookie ... he doesn’t surface, so the trails do not lead to him. It’s hard to pin him down, you can’t prove that he is behind the whole thing (manipulation and pillage of companies and its shares),” says one source.
Another source says the central bank is monitoring the ringleader and his generals and could be looking to uncover money-laundering activities.
Menara Lien Hoe houses 11 of the almost 40 companies in the web. AT Systemization Bhd (ATS), MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd, NetX Holdings Bhd, Lambo Group Bhd, Key Alliance Group Bhd and Vsolar Group Bhd have their principal place of business, head office, business office or corporate office in the building in Petaling Jaya.
The web of related companies
In September last year, The Edge ran a special report on the same group, entitled “Hidden Hands Behind Penny Stock Surge”. Back then, sources say, the group had gained control — either via shareholding or the board — of 36 companies, out of which 21 were identified. Now, the number of companies under the group is understood to have ballooned to 60.
At the centre of the web is Fintec Global, while the flagship company of the group is Focus Dynamics, a company which has a market value of more than RM3 billion, but which, for its financial year ended December 2020, registered a mere RM16.72 million in net profit from RM66.26 million in revenue. According to the notes accompanying Focus Dynamic’s results, the profit was attributable to “fair value gain on quoted investment”, among others.
As at end-2020, Focus Dynamics had accumulated losses of RM419.92 million, making it hard to justify its market capitalisation of more than RM3 billion, which grants it a place on the MSCI Index.
Focus Dynamics’ net asset per share as at end-December 2020 was a mere 2.81 sen.
Its core business, after all, is in food and beverage — operating seven clubs and lounges, and related facilities.
In April 2020, Focus Dynamics was trading at 13 sen a share, but gained 550% to reach 84.5 sen by November the same year, for no apparent reason. (See table.)
Some of the companies in which Focus Dynamics has stakes include Brahim’s Holdings Bhd, where it has 16.08% equity interest. Brahim’s is best known for having a 70% stake in Brahim’s SATS Food Services Sd
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2021-04-22 17:19 | Report Abuse
@valuesearcher, this one ?
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2021-04-22 17:18 | Report Abuse
Special Report: Hidden hands behind penny stock surge under scrutiny
TheEdge Wed, Apr 21, 2021 05:00pm - 1 day ago
A few weeks ago, the authorities are understood to have raided several offices in Menara Lien Hoe in Persiaran Tropicana in the vicinity of the Tropicana Golf and Country Club in Selangor, looking for information on a group of individuals involved in manipulating penny stocks on the Bursa Malaysia.
The authorities, it seems, are after a group of individuals who control as many as 60 companies on Bursa Malaysia and appear to manipulate share prices and siphon out funds from these companies via numerous cash calls and the subsequent acquisition of assets. Also being scrutinised are the “asset-shuffling exercises” undertaken by many of the companies. There is also talk that they are allegedly involved in the legitimising of ill-gotten gains or money-laundering activities.
It is also learnt that there is a ringleader, an individual in his late 40s, who is not directly linked to any of the companies but efficiently uses proxies to mask his presence, utilising, instead, several generals who control the shares in many of them.
The Edge managed to identify almost 40 out of the 60 companies controlled by the same few individuals. (See chart next page.)
The ringleader controls, among others, Sanston Financial Group Ltd. The web of control appears to flow from Hong Kong-based Sanston.
According to its website, Sanston is a specialist securities broking firm regulated by the Hong Kong Securities and Futures Commission.
Despite the ringleader’s low profile, some blogs — equating him to Datuk John Soh Chee Wen, who is facing trial in Singapore for stock manipulation — have begun to talk about him and his generals, and their alleged stock manipulation activities that have been going on for some time now.
While two government authorities are said to have raided the premises of companies in Menara Lien Hoe, it is understood that the Securities Commission Malaysia (SC) was not part of the exercise. In response to a query on whether an investigation was ongoing, the SC replied: “As a matter of policy, the SC does not comment or respond to queries on whether it is investigating any individual or entity.”
A source close to the SC, however, says that the individuals and their stock manipulation operations have been “on the SC’s radar” for some time now.
Market talk, meanwhile, has it that the Inland Revenue Board and the Malaysian Anti-Corruption Commission were the two government agencies that paid the companies a visit, carting away documents.
“He (the ring leader) is a smart cookie ... he doesn’t surface, so the trails do not lead to him. It’s hard to pin him down, you can’t prove that he is behind the whole thing (manipulation and pillage of companies and its shares),” says one source.
Another source says the central bank is monitoring the ringleader and his generals and could be looking to uncover money-laundering activities.
Menara Lien Hoe houses 11 of the almost 40 companies in the web. AT Systemization Bhd (ATS), MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd, NetX Holdings Bhd, Lambo Group Bhd, Key Alliance Group Bhd and Vsolar Group Bhd have their principal place of business, head office, business office or corporate office in the building in Petaling Jaya.
The web of related companies
In September last year, The Edge ran a special report on the same group, entitled “Hidden Hands Behind Penny Stock Surge”. Back then, sources say, the group had gained control — either via shareholding or the board — of 36 companies, out of which 21 were identified. Now, the number of companies under the group is understood to have ballooned to 60.
At the centre of the web is Fintec Global, while the flagship company of the group is Focus Dynamics, a company which has a market value of more than RM3 billion, but which, for its financial year ended December 2020, registered a mere RM16.72 million in net profit from RM66.26 million in revenue. According to the notes accompanying Focus Dynamic’s results, the profit was attributable to “fair value gain on quoted investment”, among others.
As at end-2020, Focus Dynamics had accumulated losses of RM419.92 million, making it hard to justify its market capitalisation of more than RM3 billion, which grants it a place on the MSCI Index.
Focus Dynamics’ net asset per share as at end-December 2020 was a mere 2.81 sen.
Its core business, after all, is in food and beverage — operating seven clubs and lounges, and related facilities.
In April 2020, Focus Dynamics was trading at 13 sen a share, but gained 550% to reach 84.5 sen by November the same year, for no apparent reason. (See table.)
Some of the companies in which Focus Dynamics has stakes include Brahim’s Holdings Bhd, where it has 16.08% equity interest. Brahim’s is best known for having a 70% stake in Brahim’s SATS Food Services Sd
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2021-04-22 16:55 | Report Abuse
@justicewillspeak, well say. Someone still in dream
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2021-04-22 11:56 | Report Abuse
you have have day to prove you are right
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2021-04-22 11:56 | Report Abuse
@Happyday123, limit up limit up later, haha
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2021-04-22 11:47 | Report Abuse
@justicewillspeak, I think the police MACC BNM can do more to gather more information. Not only to investigate these companies. Also, to investigate their external auditors. If found any fake generated figure, revoke their license and send them to jail too.
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2021-04-21 22:15 | Report Abuse
@greedy44444 & jlex11, the above link is fresh, not old yeah
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2021-04-21 17:27 | Report Abuse
@whistlebower99, thank you for your sharing. Appreciate that a lot
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2021-04-21 17:22 | Report Abuse
for those who plan to enter this counter, must extra careful.
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2021-04-21 17:16 | Report Abuse
@Happyday123, if tomorrow can hit 0.08, not saying limit up, you may see pig climb tree and fish fly in the sky
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2021-04-21 16:57 | Report Abuse
DGB drop from almost 0.80 to 0.06. I think this Focus got has the potential too
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2021-04-21 16:55 | Report Abuse
told you guy credit suisse dispose their shares yesterday, price will drop today. 0.115 is not the lowest.
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2021-04-21 15:59 | Report Abuse
@smartpick, i agree with you. Just like his name greedy44444, greedy死死死死死。 @Greedy, don't be greedy yah
Stock: [FOCUS]: FOCUS DYNAMICS GROUP BERHAD
2021-04-22 19:42 | Report Abuse
https://www.klsescreener.com/v2/news/view/818927