The_Excalibur

The_Excalibur | Joined since 2019-03-19

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Stock

2020-05-31 10:40 | Report Abuse

@paktua73 @spidyxero Please add me for the next intake, thank you

Stock

2020-05-27 15:23 | Report Abuse

Hope it does not hit limit down 1.04 by closing...

Stock

2020-05-15 10:47 | Report Abuse

https://themalaysianreserve.com/2020/05/14/datasonic-to-reign-on-contract-extension-and-new-project-awards/

"According to Inter-Pacific, Datasonic’s financial strength and work merits indicate the group could take on the large projects ahead

By SHAZNI ONG / Pic By MUHD AMIN NAHARUL

CONTRACT extension for existing projects and new awards are expected to drive earnings for IT service management company Datasonic Group Bhd in the next financial year (FY21).

Inter-Pacific Research Sdn Bhd said the IT company’s revenue will grow sharply with the completion of contracts due within the year in FY21.

“Most of Datasonic’s contracts come with an option to extend, hence, we are confident that Datasonic will be able to replenish its orderbook levels with a target renewal of RM250 million, based on recurring turnover from contracts currently on hand,” it said in a recent note.

The contracts include maintenance works, national identification (NID), passports, security and surveillance.

Inter-Pacific said Datasonic’s financial strength and work merits indicate the group could take on the large projects ahead.

“We expect income from smart-card personalisation to its non-government clients to remain steady with tepid growth, as the current climate for chip

cards look to have matured and interest on e-wallets as the new payment system is on the rise,” it said.

Accordingly, Inter-Pacific has ascribed a ‘Buy’ recommendation on Datasonic with a target price of RM1.37 based on a discounted free cashflow (DFCF) valuation model.

“We have not imputed potential project wins in our valuation as there could still be further delays in the awards, as the country continues to cope with the Covid- 19 outbreak.

“Nevertheless, we believe Datasonic is in a prime position to be awarded upcoming projects, given its past work history with the government and the cost savings it can provide due to its integrated operations,” it said.

Shares of Datasonic have been on the uptrend over the past one month, having risen from 91 sen on April 13. Year-to-date, its lowest share price hit 57 sen on March 19, while its highest peaked at RM1.67 on Jan 24. The counter closed five sen lower at RM1.22 yesterday.

“The recent rally in Datasonic’s share price is attributed to investor optimism over the potential National Integrated Immigration System (NIISe) contract award that will be highly accretive to Datasonic’s earnings for the foreseeable future, due to be awarded in May or June,” Inter-Pacific said.

It explained further project wins will be highly earnings accretive, giving a greater upside to its share price.

“Based on our preliminary calculations and assuming Datasonic is awarded the NIISe contract that is valued at RM1.2 billion and potential profit after tax margin of 20%-25%, this could provide for circa 4.2 sen in additional earnings per share per year for the next 4.5 years.

“This could bring our DFCF valuation to an estimate of RM1.58 per share. This valuation also excludes a maintenance contract to commence after the 4.5 years, that management estimates to be valued at RM180 million — RM216 million per year,” it said.

Datasonic’s outstanding orderbook stands at RM611.1 million as of April, and it is looking to tender for several potential local projects that are to be awarded within the next 12 months.

Other projects include the one-stop centre for visa application in China, foreign visa application system, electronic medical record and digital ID.

Datasonic is one of the country’s largest security-based ICT solutions providers. The group is best known for its provision and personalisation for highly secure NID cards and supply of e-passport chips, polycarbonate data pages, passport booklets, and related NID and passport printing systems to the government.

Other operations of Datasonic include the provision of large-scale customised software and hardware systems for secure identification and total smart card solutions to the financial sector."

Stock

2019-05-21 16:45 | Report Abuse

Many didn't see that a huge volume of 13.5 million shares were collected slowly at 1.45 in stealth mode earlier. It's good that some retailers sell for cheaper collection.

Stock

2019-05-15 13:07 | Report Abuse

It's an overlooked case... insignificant news, will not affect anything. Look at the bigger picture, that's when you will have missed the boat.

Stock

2019-05-13 15:48 | Report Abuse

Generally the whole market is red, it is a cycle. Investors buy on fear.

Stock

2019-05-09 15:30 | Report Abuse

Buy queue three times more volume than sell queue. High strength in demand vs supply.

Stock

2019-05-08 03:10 | Report Abuse

When Trump tweets, the market overreacts temporarily. Then the market rallies again. Repeat same old cycle over and over again. That is global. For local, we have the stimulus from Bank Negara lowering interest rates which lift market sentiment.

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2019-05-07 23:14 | Report Abuse

From the announcements, I presume some deal or agreement (Direct and Indirect Interest) was done at their disclosed and non-disclosed fair price and "hand-shake" at 1.40 and today's prices from 1.42-1.52 respectively.

Direct and Indirect Interest

"1. Disposal of Shares to wholly-owned subsidiaries 2. Acquisition of Shares by a wholly-owned subsidiary, AsiaMS Holdings Sdn. Bhd. 3. Acquisition of Shares by a wholly-owned subsidiary, Aimz Sdn. Bhd."

Stock

2019-05-07 16:32 | Report Abuse

Green lightsaber Vs red lightsaber

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2019-05-04 12:12 | Report Abuse

It is a normal and standard occurrence:
"Stock Price on Ex-Dividend Date. Stock market specialists will mark down the price of a stock on its ex-dividend date by the amount of the dividend. For example, if a stock trades at $50 per share and pays out a $0.25 quarterly dividend, the stock will be marked down to open at $49.75 per share."

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2019-05-03 16:48 | Report Abuse

Only after all the red apples have dropped and gone rotten will the green apples thrive from the tree and be eaten. Only mother tree knows when to bear fruits after it has been given all the nutrients on proper foundation.

Stock

2019-05-03 16:31 | Report Abuse

Might be unchanged, who knows.

Stock

2019-05-03 16:11 | Report Abuse

No bets, just watch how the big players play. Mr Market only knows the direction.

Stock

2019-05-03 16:08 | Report Abuse

It will be healthier if it closes red. The stronger the momentum to push down the spring, the inertia for the spring to do a big jump is even higher.

Stock

2019-05-03 16:03 | Report Abuse

Since those who believe in down, the IDSS is so low, still 1.8 Million value versus about 50 Million long value. The percentage shows for itself. Should we be illogical to not follow the big ship but small boat?

Stock

2019-05-03 15:58 | Report Abuse

The whole show is run by big players, they play the big Lego blocks to different levels and lay the foundation. Retailers are their bricklayers to complete their building.

Stock

2019-05-03 15:29 | Report Abuse

It is easy for the big players to collect a lot at 1.39 and 1.40 (and at many levels), block high volumes at 1.38 and 1.42/44. Weak retailers and day traders are squeezed in the middle. More than 10 Million shares collected at 1.39, almost 7 Million at 1.40 collected in stealth mode, triple the amount of 3 Million shares sold down to break price levels. If big players wanted to sell, it will be unwise to block at 1.40/42/44 to prevent the price going higher, they would have sold when it goes up along the way to key resistances, why would they risk profits? To block with high volume and preventing prices from going up means big players are obviously collecting. Once collected enough, the high volume price blocks are removed. "Transfer of Retailer Shares to Big Players in Stealth Mode" Many are caught unaware, and when prices start going up breaking resistances, we will hear retailers regretting they have sold low but then buy high and higher. The stealth cycle goes on over and over again.

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2019-05-03 14:46 | Report Abuse

Buy when others are fearful, sell when others are complacent. It would be best to short after prices have continuously gone up for many days, likewise to long after prices have continuously gone down for many days. Probability and odds wise.

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2019-05-03 14:39 | Report Abuse

With short selling, the IDSS need to be a very high percentage to bear weight for many days as compared to buyers who are going long. IDSS now only 1.8M value compared to long of about 40M value. Probability wise, it will be absolutely silly if short sellers are playing when prices are low after it has gone down continuously for 6 days, the odds would be against them. It would be best to play short after it hits the resistance level at high prices.

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2019-05-03 14:22 | Report Abuse

The key to trading and investing is buy low, sell high. It is obvious that the big players are pushing the price by selling to below support levels. Eg: they sold down 3 - 5 million shares this morning to let it break 1.40 to go towards 1.37, then collect slowly as they go down. Weak retailers and day traders will sell to them at a loss. They did this in stages since 6 days ago and they accumulated more than double what they sold down. If the big players can sell that amount, who has the capital to buy a huge amount at lower prices? It is easier for them to sell down shares than to buy up shares. They have a budget to play the shares, so wouldn't they find it more worth it to own more shares at lower prices than owning less shares at higher prices with the same capital set aside for playing shares. "Buy low, sell high"

Stock

2019-05-03 13:15 | Report Abuse

It is impossible for a stock to continuously go up non-stop without going down, likewise it is impossible for a stock to continuously go down non-stop without going up. All stocks go in wave fashion. The natural market will decide the next direction.

Stock

2019-05-02 11:09 | Report Abuse

Extremely oversold according to oscillators

Stock

2019-05-01 19:16 | Report Abuse

The strategy of the shark is to push prices down to below Support levels so that ikan bilis and weak holders sell to them which they collect to push higher. When prices go much higher, the ikan bilis and weak holders will buy it from them. Repeat the same cycle over and over till kingdom comes.

Stock

2019-04-30 17:00 | Report Abuse

Inverted hammer

Stock

2019-04-25 11:17 | Report Abuse

Extremely overbought according to oscillators.

Stock

2019-04-24 15:56 | Report Abuse

The actual price should have been 1.36 (52 week high) by this week reflecting real time oil prices which are high and higher. The price has been suppressed due to IDSS which means that it is a value buy now. Sooner IDSS (IDiotic Scum Sellers) will have to stop selling as they cannot cover the high demand in this stock very soon.

Stock

2019-04-12 09:40 | Report Abuse

Meaning that there is far greater share value and price appreciation from all proposals in the company announcement below:
1. Future Party Transactions of a Revenue or Trading Nature to potentially increase the company growth consistently.
2. The company purchasing its own shares seeing the potential increase in share price and reducing the quantity of shares circulating.
3. Better management and increasing performance seeing strict practices from the adoption of a new constitution of the company.
4. Putting proposals 1,2 & 3 above at the annual AGM for valued shareholders to decide and approve which is a significant move and positive duty of care in corporate responsibility.


"OTHERS DAYANG ENTERPRISE HOLDINGS BHD ("DAYANG" OR "THE COMPANY) I. PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE AND PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE 2. PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES 3. PROPOSED ADOPTION OF A NEW CONSTITUTION OF THE COMPANY
DAYANG ENTERPRISE HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description DAYANG ENTERPRISE HOLDINGS BHD ("DAYANG" OR "THE COMPANY)
I. PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE AND PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
2. PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES
3. PROPOSED ADOPTION OF A NEW CONSTITUTION OF THE COMPANY
The Board of Directors of Dayang Enterprise Holdings Bhd wishes to announce that the Compnay intends to seek the approval of its shareholders for the following proposals at its 13th Annual General Meeting to be convened at a date to be notified later:-



1. Proposed Renewal of Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature;

2. Proposed Renewal of Authority for the Company to purchase its own shares; and

3. Proposed Adoption of a New Constitution of the Company.



A Circular/Statement to Shareholders setting out the details pertaining to the Proposals will be despatched to the shareholders in due course.



This announcement is dated 10 April 2019."

Stock

2019-04-09 14:18 | Report Abuse

Great News for MYEG!
Competitors outside Malaysia are limited as digital tax bill imposed on all foreign digital service providers!!

"The proposed law is applicable to any person, of whatever nationality or citizenship, beyond the geographical limits and the territorial waters of Malaysia, if the person is a foreign service provider."

"The bill defines a foreign service provider as any person who is outside of Malaysia providing any digital service to a consumer. It includes any person who is outside Malaysia operating an online platform for buying and selling goods or providing services (whether or not such person provides any digital service)."

https://www.malaymail.com/news/malaysia/2019/04/08/parliament-passes-digital-tax-bill-enforced-jan-1/1741049

https://www.theedgemarkets.com/article/digital-tax-fixed-6

Stock

2019-03-26 09:23 | Report Abuse

https://klse.i3investor.com/servlets/ptres/49826.jsp

Date: 26/03/2019

Source : MACQUARIE GROUP
Stock : SAPNRG Price Target : 0.56 |
Last Price : 0.35

"Sapura Energy (SAPE) returned to the black in the fourth quarter ended 31 January 2019 (4QFY19) with a net profit of RM497.5mil. However, Macquarie Equities Research (MQ Research) said the results were a miss as the FY19 losses before tax of RM511m was 165% deeper than its expectations. Nonetheless, MQ Research maintains Outperform on SAPE (target price: RM0.560) and expects the return to profitability will be the core focus, now that SAPE’s balance sheet woes are resolved. SAPE shares closed unchanged at RM0.345 yesterday."

"Action and Recommendation
While SAPE’s balance sheet has been substantially strengthened, the 4Q results is emphatic of the group’s primary challenge for FY20: navigating the razor-thin margins of its sizable E&C orderbook in order to deliver earnings. For the full year FY20, MQ Research expects to see the topline grow much quicker than earnings with a possibility of converging again towards 4QFY20 as margins improve. Meanwhile MQ Research expects drilling’s weakness to persist into FY20; barely breaking even with management’s target of 8 working rigs by year-end. Finally, MQ Research estimates the ~RM350m in finance cost savings should put the group back in the black this year.
MQ Research expects the return to profitability will be the core focus, now that SAPE’s balance sheet woes are resolved. That said, the primary short term catalyst will be contract wins. MQ Research estimates that the group should be able to bag ~20% of its US$11bn bid book for FY20. This works out to an overall orderbook growth of +18%. Note, SAPE has an RM17.2bn orderbook (RM7.5 JVco, RM1.7bn drilling, RM8bn E&C) with an RM6.9bn burn rate expected for FY20."

Maintain Outperform.

12-month Target Price Methodology

SAPE MK: RM0.56 based on a Sum of Parts methodology

Source: Macquarie Research - 26 Mar 2019

Stock

2019-03-26 09:22 | Report Abuse

https://klse.i3investor.com/servlets/ptres/49828.jsp

Sapura Energy Berhad - 4Q19 - A Kitchen Sinking Quarter
Date: 26/03/2019

Source : KENANGA
Stock : SAPNRG Price Target : 0.43 |
Last Price : 0.35

Despite posting headline net profit, FY19 results missed expectations by posting core loss of RM936m owing to losses in E&C segment. Nonetheless, we expect a return to the black from FY20 onwards, anticipating a stronger 2H20, underpinned by its two-year high order-book of RM17.2b. Overall, we see a post-restructured SAPNRG as a prime beneficiary of upstream O&G activities both globally and locally. Maintain OUTPERFORM, with higher TP of RM0.43.

Stock

2019-03-25 23:49 | Report Abuse

"Invest Malaysia 2019 - Research Guide by Maybank IB

March 15, 2019
Shariah Compliant Oil & Gas Malaysia

Sapura Energy (SAPE MK)

Share Price MYR 0.34
Price Target MYR 0.55 (+62%)"

Stock

2019-03-25 23:36 | Report Abuse

MEDIA RELEASE
FOR IMMEDIATE RELEASE
Kuala Lumpur

25 March 2019

SAPURA ENERGY REGISTERS FY19 PROFIT-AFTER-TAX ON DISPOSAL GAIN, DECLARES
SPECIAL DIVIDEND

Summary of financial performance:
▪ Profit-after-tax and minority interest (PATAMI) of RM500 million for Q4 FY19; RM208 million for
full year FY19
▪ Special dividend declared at 0.5 sen per share
▪ Gain on disposal of RM2.7 billion from sale of 50 per cent equity stake in Exploration and
Production through strategic partnership with OMV
▪ Provision for impairment of RM1.5 billion, mainly for Drilling, and Engineering and Construction
assets, to enable the Group to be more competitive operationally and economically
▪ Current cash and cash equivalents at RM8.1 billion
▪ New contract wins in FY19 of RM9.3 billion; 230 per cent increase from previous year
▪ Current orderbook of RM17.2 billion, the highest in two years; up by 15 per cent from previous year
▪ Successfully delivered on strategic plans to strengthen financial position; raised approximately
RM7.6 billion through rights issue and strategic partnership with OMV, to repay Group’s borrowings
and for working capital
▪ Net gearing deleveraged from 1.7x to 0.6x

Sapura Energy Berhad (Sapura Energy) posted a profit-after-tax and minority interest of RM208 million for the financial year ended 31 January 2019 (FY19), compared to a loss-after-tax and minority interest of RM2.5 billion in the previous year (FY18). This included a gain of RM2.7 billion from the sale of 50 percent stake in its Exploration and Production (E&P) business, through the strategic partnership with OMV, and a provision for impairment of RM1.5 billion, primarily for Drilling, and Engineering and Construction (E&C) assets. In addition, the Group has declared a special dividend of 0.5 sen per share.

“Our focus for the financial year 2019 was to strengthen our balance sheet and position the Group to capitalise on the emerging opportunities. Despite the challenging year, we successfully completed two major corporate exercises, where we raised approximately RM7.6 billion. This has enabled us to reduce our net gearing to a healthy 0.6x and provided the financial flexibility for the Group to bid for and execute higher value projects, in addition to gaining a strong partner in our E&P business,” said Tan Sri Shahril Shamsuddin, President and Group Chief Executive Officer, Sapura Energy.

“The Board has declared a special dividend this quarter in appreciation of the continuous support from our shareholders. We are confident that our efforts in FY19 have paved a brighter future for the Group,” he added.

For Q4 FY19, the Group posted a profit-after tax and minority interest of RM500 million, including a gain on disposal and provision for impairment, in comparison to a loss-after-tax in Q4 FY18 of RM2.3 billion which included a provision for impairment of RM2.1 billion. The provision for impairment on assets enables the Group to be more competitive operationally and economically.

Group revenue rose by 41.9 per cent from RM1.2 billion in Q4 FY18 to RM1.7 billion in the current
quarter, mainly attributable to the higher revenue from its E&C business segment. On a quarter to
quarter basis, the Group’s E&C segment recorded an 88 per cent increase in revenue from RM0.7 billion in Q4 FY18 to RM1.3 billion in Q4 FY19, in line with higher activities during the current quarter.

The drilling segment registered an 8.5 per cent higher in revenue at RM250 million in the current
quarter compared to RM230 million in the corresponding quarter of the preceding year. This was as a result of higher number of rigs working compared to Q4 FY18.

For its E&P segment, revenue was at RM202 million for the current quarter, compared to RM286 million in Q4 FY18. This was due to lower oil liftings and the effect of the lower average realised oil price achieved in the current quarter compared to Q4 FY18.

In FY20, Sapura Energy will remain focused on growing and executing the orderbook as well as delivering strong operational performance.

New contract wins for FY19 of RM9.3 billion, an increase of 230 per cent from the previous year, has lifted the current orderbook to RM17.2 billion, the highest in two years. Sapura Energy continues to aggressively pursue new opportunities in the Middle East, Africa, Asia Pacific, Europe and the Caspian, and the Americas. The expanding orderbook and focus on execution are expected to further boost asset utilisation, thus contributing to improving the Group’s financial performance.

With the increasing activities, stronger balance sheet and encouraging potential growth prospects, the Board is confident that the Group is strongly positioned to grow further and increase shareholder value."

Stock

2019-03-25 23:21 | Report Abuse

https://klse.i3investor.com/m/priceTarget/49745.jsp

Sapura Energy - Prospects improving with share overhang resolved
Date: 15/03/2019

Stock : SAPNRG | Source : AmInvest
Price Target : 0.50

"Additionally, we have become more confident of Sapura’s improving earnings prospects which currently stems overseas, principally in the Middle East, Brazil, Gulf of Mexico and West Africa. Selected as one of Saudi Aramco's 4 new long-term agreement programme contractors late last year, substantive order book expansions are still likely from Sapura's current tender book of US$8.5bil with prospective bids of US$14.3bil.
These are highlighted in Sapura’s new orders worth RM9.3bil for FY19 to date, which translate to 2.3x the RM2.8bil jobs clinched in FY18 and an outstanding order book of RM17.7bil — 3x FY20F revenues.

In January this year, Sapura has secured 3 rig drilling charters and 2 offshore jobs worth RM760mil that include carrying out the engineering, procurement, construction and commissioning works related to relocating and tying in Petronas floating LNG Satu from the Kanowit field to the Kebabangan cluster off Sabah, with completion expected in 3Q2020.

The group’s yard’s utilization is expected to surge 5.8x from 5K tonnes in 2018 to 29K tonnes in 2019 and subsequently accelerate further by 28% to 37K tonnes in 2020, driven by the progress completions of the Pegaga and ONGC’s KG-DWN- 98/2 central processing platform projects, coupled with the 3 wellhead platforms for the Sapura-OMV’s Gorek, Bakong and Larak wellhead platforms. Our only concern is the group’s drilling division as its rig utilization rate of below 50% currently will continue to drag the group’s overall improving earnings prospects."

Stock

2019-03-21 16:42 | Report Abuse

More downside soon and maybe gap down next week. High resistance and weak support levels. Never catch a falling knife. Stay safe!

Stock

2019-03-21 12:22 | Report Abuse

Today's price won't last long, not sustainable. From a TA point of view, take profits first and cut loss before your profits reduce or losses become bigger. You can always buy back way lower. Not much harm done to this strategy than bigger harm done on larger price selldowns soon.

Stock

2019-03-20 22:17 | Report Abuse

A Lesson and Warning To Those Manipulating Share Prices To Go Up Plus Down By Creating False Appearances!

READ BELOW

https://www.thestar.com.my/business/business-news/2019/03/20/singapore-gets-first-guilty-plea-in-s$8bil-penny-stock-scheme/

Singapore gets first guilty plea in S$8bil penny stock scheme
BUSINESS NEWS
Wednesday, 20 Mar 2019

6:18 PM MYT

SINGAPORE (Bloomberg): Singapore has obtained its first guilty plea from a person accused of involvement in the October 2013 penny-stock rout, which the prosecutor called the "most audacious, extensive and injurious market manipulation scheme ever in Singapore.”

Goh Hin Calm has pleaded guilty to two of six charges under Securities and Futures Act, Deputy Public Prosecutor Nicholas Tan said in court Wednesday. Goh helped two others in perpetuating the scheme, according to the prosecutor’s statement.

The charges are part of a probe into suspected stock-trading irregularities related to Blumont Group Ltd, LionGold Corp and Asiasons Capital Ltd, which has been renamed Attilan Group Ltd. The stocks surged by at least 800% in the nine months before their shares plunged over three days in October 2013, spurring brokers to clamp down on margin lending and denting trading sentiment.

The rout has been given as a reason for falling trading volumes in the city.

The crash wiped S$8bil off the value of shares of three companies in October 2013. For his part, Soh said in a 2016 interview that the crash in the shares of the mining companies was due to a "collection of ad hoc events” triggered by an unexplained phenomenon.

Goh understood the nature and scale of what Soh and Quah were doing, from his role in arranging payments, according to the prosecutor. Soh and Quah controlled more than 40 accounts as part of their scheme, which were used to conduct short-term contra trading. This number was only a subset of the total number of accounts that Soh and Quah controlled as part of their scheme, the prosecutor said.

Through the controlled accounts, Soh and Quah dominated the trading activity in the market for Blumont, Asiasons and LionGold shares, according to the prosecutor’s statement.

From Jan 2, 2013 to Oct 3, 2013, for example, Soh and Quah were responsible for carrying out trades in about 1.1 billion Blumont shares, accounting for 60% of the total traded volume for the entire market in Blumont shares. They were responsible for trades in Blumont on 189 out of 190 trading days during this period.

Soh and Quah created a false appearance of supply, demand, trading volume, liquidity, active trading and price in the market for shares in Blumont, Asiasons and LionGold, the prosecutor said.
The three companies have said they don’t know what caused the sudden declines. Banks and brokers have sued their clients and others to recover at least US$230mil from the stock rout.



TAGS / KEYWORDS:
Market Manipulation

Stock

2019-03-20 15:22 | Report Abuse

TA wise candlestick plus chart is not beautiful, could correct until close to 0.95-1.00, this correction now is almost midway, another 35-45 cents correction soon! Protect your profits!

Stock

2019-03-20 01:44 | Report Abuse

http://koonyewyin.com/2019/03/19/dayang-downgraded-by-kenanga-public-bank-and-hong-leong/


Koon Yew Yin

UNCATEGORIZED Dayang downgraded by Kenanga, Public Bank and Hong Leong
ByKoon Yew YinPosted on March 19, 2019
COMMENTS

As you can see Dayang share price has gone up from 60 sen to Rm 1.71 within 7 weeks because it reported increasing profit in last 3 consecutive quarters. Its last quarter ending Dec 2018 was 10.13 sen and its coming quarter EPS should be higher than 10.13 sen.



The 3 financial institutions have downgraded Dayang from buy to sell because the price has shot up too rapidly. As a result, the price dropped 24 sen with only 36 million shares changed hands which indicates relatively few people wanted to sell. Of course, some novice shareholders were shocked to see the price dropped like a bomb.

However, all the 3 financial institutions, including Mr Ooi Teik Bee and I agree that Dayang’s profit for 2019 should be better than 2018. If you are a serious long term investors, you just sit tight and do nothing.

Many people have asked the following questions:

1 should they sell tomorrow so that they can buy back at cheaper prices?


2 should they buy some more since it has dropped 24 sen?

3 should they just wait for the announcement of the next quarter result?

It is very difficult for me to give my advice because I cannot be sure that the price will not continue to drop. Moreover, I do not know your financial position and your risk appetite.

If you are not a short-term day trader, my advice is to do nothing and if you have some more buying power, buy some more as soon as the price starts to change from down trend to up trend.

On the other hand, if your average cost is low, you may like to sell some to take some profit and take the chance of buying back at cheaper prices. But you have to take the risk that the price might start to go up at any time tomorrow.

I wish I have a crystal ball to be able to tell you the future.

In fact, I would like all these 3 financial institutions to openly declare if they have Dayang shares and whether they are using this devious trick to buy some more shares at cheaper prices.