Someone keeps the extension letter now and will be announced off market. That's why insider is buying up more shares. Tomorrow it will fly further if this is the scenario.

As the counter's base is so small after deducting the owner's 50% plus and some holders who trapped at RM1. Hence, this is a very ideal stock for the SHARK to manipulate!!

The buying way is not gentle like yesterday when the England gentleman Koon was collecting. I think the shark is coming....

CAP the worst case also got extension by Bursa, Xinquan should be no problem with the blessing of all here.

It looks like the shark....

Is Koon still collecting or a SHARK started the game?

If people who are talking here bought at 0.04 just now, already made 12.5% return.

Later extension letter will be granted by Bursa. I will collect more after that. :)

ks55, are you asking an academic question? I thought we are just interested in profit.

When someone is intentionally and artificially supporting its share price, we follow and sell when achieved our profit target la. Very simple.

It is obviously the counter owner purposely delayed the release of QR and forced the stock to tumble. Too much negative energy here. No need to grumble so much, just play with the momentum. Keep calm, continue to gain profit.

My profit just 75%.

Today Johan will go to the next high. Don't forget Johan hasn't received UMA.

Too much negativity for Xinquan counter. I exited with 5% plus return and will revisit when it is getting better. Fully invested on SKH now.

Show will continue today. :))))

From my observation, those ctrs still rise after an UMA issued will continue to the next UMA and further to last until everything is revealed- Who is the main shareholder? What is the new plan for the company?

From the total shares traded on Thursday and Friday (315 millions!!), it is not a simple goreng game but a momentum from the market itself. Even coldeye's 30 millions shares proportionately will look small in that momentum.

My analyst friend told me, the major shareholder will show up soon and he is someone towering figure in the market. Coldeye is actually an insider who knows that earlier as his network is pervasive after many years in the KLSE.

Major share holder will appear soon. That is a crucial part that the UMA reply to Bursa has missied out intentionally. More corporate exercises will be announced soon. It is the main reason coldeye takes a big move. As a strong believer in fundamental, he is unlimely taking high risk.

Clearing 0.14 soon...

Clearing 0.135 soon...

Waiting for the second round...

I am buying big for this counter. Three reasons:

1) Koon Yew Yin's worst pick but he is still holding almost 28 million shares recorded in the last report. I believe he will do something to maintain his legitimacy as a KLSE legend.
2) Most holders trap at pretty high price, hence, there is no another level of low.
3) China capital and influence are more obvious in Malaysia now. Any privatization (rumour is testing the response of the market) or hedge fund aims at Xinquan, it will fly immediately.

This counter is lower risk comapred with my previous holding YFG. This one is not PN17 company and no debt. Overall, this counter looks normal now compared with the other China stocks listed here.

sengkee, I sold at RM0.055 and RM0.06 yesterday. I will collect again at the price of RM0.03 and RM0.035.

fl888, your concern is valid. But at this moment YFG has a new director board with the majority shareholder as main player who staged a coup--d'etat and won the battle. I guess they will take care of own pocket. It is either live or die game for them.

The project awarded is going to start soon. I think it is unlikely to be terminated as the project is funded by federal government. I check with a friend in construction industry, PR1MA budget is plenty with the agenda of winning in the coming election.

I am willing to wait until regularization plan is out. I will collect more YFG below RM0.09. From my observation on penny stocks especially those in big trouble, gaining 100% profit is common. Even Maxwell can bound from RM0.02 to RM0.04. Don't forget about Hubline recently.

By the way, my average cost of YFG is RM0.045 with 1 million shares.