Rakuten Trade Head of Research is of the view that the recent correction has led to the emergency of value among the companies listed on Bursa Malaysia.He noted that earnings growth expected this year would help make the valuation even more attractive.Current price weakness represents a good buying opportunity for investors as valuation appears to be more attractive following some of sell down seen.
Among some of the companies that he recommends investors to gradually buy following the correction includes BINASAT COMMUNICATIONS BHD

Sumatec Right Issue History

18 Jan 2011
Ratio 1:3 and right issue price 0.350

03 OCT 2013
Ratio 41:10 and right issue price 0.175

Court suit No.WA-22NCC-52-02-17
1) Malaysian Trustee.Bhd
2) Kerisma Bhd
3) Capone Bhd
4) prima Uno Bhd

Vs Sumatec Resource Bhd

Court case
NFC Labuan Shipleasing(Plaintiff) Vs Sumatec (Defendant)

17 March 17
Sumatec Resources Bhd- Default in Payment

Court case Ebony Rits Sdn Bhd Vs Sumatec

Singapore High Court Suit No.808 of 2017
Hoe Leong Corporation Vs Sumatec
Pls refer to Bursa Malaysia Website

Suit No.WA-22NCC-382-08/2017
Malaysian Banking Berhad VS Sumatec Resources Bhd

Very funny company with so many court cases
Pls refer to Bursa malaysia Website

Proposed Par Value Reduction
proposed Rights issue again with warrants
proposed private placement
Very funny company proposed so many times of rights issue for the last few years

Accumulated losses increase to (RM229 million)

Very funny why big boss keep on dumping down his stakes

Halim Saad disposed 93 million on 24 Jan 2018 and disposed 15 million on 25 Jan 2018 and followed by disposed 18 million shares on 26 Jan 2018
Be alert when speculate this counter

Retailer investors should trade cautiously with this counter
Pls filter any fade news before invest or you will get trouble

Patience will be rewarded

Post removed.Why?

Post removed.Why?

Post removed.Why?

Multi proposals:
-Proposed Par Value reduction
-proposed Rights issue with warrants

Be cautious! May propose capital reduction and right issue

Binacom is a good company has a strong business model and earn recurring income is the ideal kind of company you should not be ignored.
In future prospect,this company cam make good return on equity with little debt and generate strong cash flow that allow the management to return excess money to shareholders as dividend

16/01/18
222 million shares deal
Day's range 0.48-0.665
Closed at 0.555
T+3 tomorrow and force selling will be on 22 /01/18 next Monday

222 million volume due tomorrow
Huge force selling may happen by the following day
Be cautious when trade with speculative counter
It will curse you if you chase at higher price

will drop below 40 cents tomorrow

Overbought and overprice
RSI still above 80%
It may drop back below 0.40
Be cautious!

proposed capital reduction and right issue again
Almost to be come PN17

Crude oil USD63.59,down 0.21(0.33%)

Brent oil USD68.83,up 0.11

First limit up 1.01

foreign fund continue to add more SAPNRG this afternoon

Keep on buying

SAPNRG target price revise to RM1.00- RM1.20 in the near term

Brent oil hit to USD 68.11 this afternoon

Three hours deal more than 175 million of shares

Something good news to be announced by next week
Buy for another round of rally

Something is brewing up

May join venture with UMWOG?

Already continue to drop more than 20 days and this rebound is for sure to sustain at the current price of 0.77
watch out this coming afternoon session or may announce some good news to further push up the share price

Next week no more penny stock for this counter,it will become dollar share

Two hours deal more than 145 million of volume

Continuing to move up due to huge volume
One and a half hour deal 137 million

Still very cheap price to buy at 0.775

The long long green candlestick chart will form today
stay tune

Confirm continue to march forward without stopping

one hour and twenty minutes deal 127 million

The long green candlestick likely to happen today due to still undervalue performance

Down more than 50% but only recover back about 7%
More room to gap up till end of the month

Base on the price of 0.77,it only up 6.99%

Not surprising hit limit up today

Volume deal above 100 million lest than one hour
Great!