Magma has received approval from Bursa Malaysia to list up to 1 billion new shares, which will allow the company to raise up to RM100 million

https://www.nst.com.my/business/corporate/2024/08/1092130/magma-obtains-bursa-nod-issue-10bil-new-shares

Yinson suddenly shoots up. Will Hibiscus follow ? 😃

Then you should enter it last Monday, Blankjolly

IEA maintains 2024 oil demand forecast and trims 2025 outlook...That's interesting

https://www.thestar.com.my/business/business-news/2024/08/13/iea-maintains-2024-oil-demand-forecast-and-trims-2025-outlook

Last week was super cheap; this week is still cheap. Just grab it before its Q2 is out

It might hit 2.5x after Q4 results are released 😀

They are rolling up their sleeves for that. Be patient

Contra players, apparently 😁

Now, it starts to bounce back. You still think it will dive, Michael Kwok ?

Not yet. Wait Hibiscus moves back to Rm2.70 - Rm2.80 then we can laugh louder to the bank 😁

It seems that Ah Kwok’s prediction of price action was correct. ha

Shopping spree today for those who are loaded 😁

If he's wrong, he is a reverse indicator then. ha

Enter again when Hibiscus is below 2.30 🙂

Dato Johan holds a big role in the Negeri Sembilan community btw 😉

What's your bottom price for Hibiscus, James? 🙂

In addition, the easing of restrictions has led to increased consumption and demand is expected to continue to recover

HB Global expected that the food industry will continue to show promise, especially as global trade and the economy gradually recover

Value investors will definitely hold on to YTL Power

Rumors said that there will be a new substantial shareholder lo

P.S. It's a treasure then when it goes up 😆

The share price raised to 20 sen in April. Any particular rumors that time ?

Weakness now. Buy on weakness 😁

New substantial shareholder will be announced soon, I think 🙂

How familiar are you with the UK water industry, dragon328 ? 🙂

New shareholder = New management = New blood 😁

Shorties win this round 😂

If there is will, there is way. I am pretty sure current management will do something to turn this around

YTLPower is gaining power to hit RM6 this month 😁

This company's business is quite diversified. Can chip in some to hedge against uncertain market conditions

Boring for day traders 😂

By the way, Lee Chong Wei is still in the top 30 shareholders list 😁😁

Thank you, Six6thsense. Guess you sold it at 2.50 because I bought it at that price 😁

If you trade instead of investing and try to get a 50% return, then tp when it's at 30 cents

OPEC Remains Optimistic About Global Oil Demand

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Remains-Optimistic-About-Global-Oil-Demand.html

wow, raise RM100 million !! The company will get big contracts ? 😮

It will go up higher when q3 result is out

Perak theme now after Johor theme ? 😁

https://www.dagangnews.com/article/perak-di-kedudukan-strategik-tarik-pelabur-berimpak-tinggi-37428

What about you, cgtan2020 ? 😄

Cuti-cuti Malaysia and hospitality business has performed well since early January

Look at its NOSH. Surely will kena short squeeze if you short

So Magma has an opportunity to show huge improvement in quarterly results at the end of this month

Tourism in Malaysia is on the rise, with 5.8 million tourists in the first quarter of 2024, says Datuk Seri Tiong King Sing

What kind of write-off?

Next rally will come when it announces Qr this month end

Now EIA estimates slower world oil demand growth in 2024 ... 😅

https://www.offshore-technology.com/news/eia-estimates-slower-world-oil-demand-growth-in-2024/

Yay, cuti- cuti Malaysia and Perak ! Magma is on the uptrend mode

680,000 shares of Hibiscus = around RM1.78 mil 😮
You r millionaire, James

Cuti-cuti Perak in May 😎
(bernama.com/en/news.php?id=2292032)

Goreng moment for O&G counters