Avarga trimmed off 25% of their shareholding(2.5% Straits' total shares), but they still holding 7.5% of total Straits' share..if they really wanna make profits..they could have sold their shares in the earlier months when prices were much higher (especially in March)..Either there is bad news coming (which is unlikely)..or they simply need some cash ..or they wanna clear out petty trader and operator that blocking the price before the price start to rocket..who knows..
Stay positive..Straits has bright prospects..nothing to be scared of..

then u sell lah lol..gambling mindset

many ppl said that the director, substantial shareholders including avarga sold their shares at high price (in march) and bought back at low price..the. truth is none was selling their shares..some even increased their stakes by buying more shares..lol..

jayson4896, if u dont believe me then u can compare with Annual Report 2019 (as at 30 April 2020), at that time no "UOB Kay Hian Nominees (Asing) Sdn Bhd Exempt An For Uob Kay Hian Pte Ltd (A/C Clients)" in the top 30 list at all..but one year later boom 79milliom shareholdings..sometimes they put remiser on behalf of their company name..

my bad bro, here..
UOB Kay Hian Nominees (Asing) Sdn Bhd Exempt An
For Uob Kay Hian Pte Ltd (A/C Clients) - 10.16%

this should be it..

my fren..that annual report is for last year (FY2020), avarga bought 10% shares this year March (FY2021), you will see it in 2021 Annual Report which will come out next year.. understand?
Here I quote what Dato Sri Ho Kam Choy said recently..
“They (Avarga) are also looking to expand their business in this region and they see some opportunities in Straits. Moving forward, if there are any business opportunities or projects that Straits undertakes, we will definitely talk to them [to come in] as a strategic partner because both of us are listed companies and have the same vision to grow the group.

“This includes the STS hub. It doesn’t necessarily mean that they (Avarga) have to be involved in the businesses that they are presently in, namely paper manufacturing, building materials distribution and power generation,” says Ho.

source --> https://www.klsescreener.com/v2/news/view/868583

which announcement told director disposed?
dont be too smart..the substantial share holders holding percentage got reduced because of private placement practice..if you are too dumb to understand english, dont simply use word "con"

yup, singh if u wanna gamble..u go for other stocks..the price fluctuation doesnt have anything to do with the Management..blame the operator lol

Someone ask the Management, what are their plannings when the world is moving toward net carbon zero, any plan to shift to LNG bunkering in the future ?

Pls also ask the Management, why the fuk..keep making loss in investment activities every QR, and the same for logistic sector.
Any action to address the fked up situation?

Also someone pls ask what are the strategic plans they wished to realize from 10% share holding by Avarga.

There will be AGM on 17 June 2021.
Someone should request the Management to clarify why the profit margin so low on every QR eventhough revenue been increasing ? where the money goes to? If the nature of this business is subjected to low profit margin then better find other type of business that is way more profitable LOL.

We need firm answer from them so that clear vision can be seen.

Anyone pls.