OMG bad news for Layhong.

https://www.theedgemarkets.com/article/ecrl-extension-ports-connectivity-significant-move-%E2%80%94-expert

north port own by MMC gamuda. one of the beneficiary of ECRL realignment

base on number of shares the person own. for example if the board of director total have 171millions share, then we need more than that total share to overturn the right issue

there is good and bad when the epf and other big fund have substantial stake.. when the price is up, epf tend to take profit and pressing the price from going higher.

look at the baltic dry index now. its at all time high, mean shipping industries is booming now. MMC gamuda owns a few port in malaysia which will benefit alot.

if his port business does not wow you enough, then we look at upcoming construction play. gov will definitely launch some mega projects to keep the economy going. MMC is one of the big player for rail and MRT project.

copper future going up

today price is so solid at 24c.

MMC is underrated gem, going to fill the gap at RM1.36 soon.

@ray1980 is right. if all the ikan bilis unite together, go vote against the right issue . since last year the exit of the major shareholder and chairman, the major block of share sold to a BVI company, then this BVI company disposes the next day to make quick profit.

i believe alot of ikan bilis got trapped since last year , stand up ! each of your vote count.

the last EGM only record 171 million share from GPA side. we still have more than 1 billion share own by ikan bilis.

look at the consequences of Right Issue, Fintec, Gocean all even dipped below RI price. what is the point of subscribing RI if you can purchase at open market even at lower price.

uncle koon also know how to play TA already. sell at high then buy back at low. make money from each round.

Wow . good news.. government use saliva best test kit mean MYEG huat already.. tq MYEG

today goreng trend is IT & software company. Isn't Myeg one of them but why no ppl goreng. are they overlook this counter

this 2 days saw high accumulation in GPA .. probably going to happen something. grin grin

why knm super laggard than armada.. last year knm price was almost same as armada... now armada already 40c.. KNM still fighting at 22c . Adui !! faster play catch up la

lai liao lai liao. fasterrrr

just my 2c prediction.. or patience a bit when vaccine arrive this month egg demand will be going back up plus Hari Raya factor.

good news for egg counter. MCO lifted in other state . I remember when MCO implement whole malaysia, layhong drop from 37c to current. Tommorow should be back up

alot of company venturing into glove have taken up this step. to name a few is Gocean, GPA, Fintec, Good luck everyone

becareful of this company, since alot of PP taken place but still rugi. investor will shy away from it. hence resulting the company have no choice but to do right issue.

GPA is company of U turn.. tracing back from last year announcement. this is what have happen
1) Biggest shareholder disposed share. everyone thought is to Regal Orion
2) End up to a company incorporated in British Virgin Island . No one know who is the owner
3) Share price spike like crazy,In one day this BVI company disposes their entire stake through open market. Earn already direct cabutlah
4) Then come proposal venture to glove. 12 production lines .3.6 billion glove perannum. RM150mill capex. then came out news of private placement to Eddie Ong & Gang
5) Eddie Ong cancelled his plan of private placement
6) Few round of private placement don't know to who??
7) private placement already have RM 140++ million still not enough.
8) Right Issue Proposal.

I hope they will cancel their right issue proposal as another U turn from the company. people who have sapu alot at bottom will benefit from it.

wa.. i stand by 9am see opening price for all glove stock..

i see n2n benefited from hong kong stock market as well because they have subsidiary in hk stockbroking . Hong kong hang seng now trading at all time high but not reflected on n2n share movement.

director show good example pls. tommorow take out 11.5c and 12c. give us confidence your company can make money one. 100k unit macam mana ada confidence

JOE GLOVE . the name does not sound professional at all. like cincai cincai name only. haiz. and the director is also involve in vsolar, lambo.. i can see the future is so bleak !!!

if bank negara reduce OPR tommorow, more money will be pour into stock market. therefore N2N definitely a beneficiary... if my theory is correct.

@madcow what you say is true. glove news is outdated. it would make a different if Regal Orion come to the news again. Data center business look more promising

@9692 they are raising fund to venture into glove .

GPA need to announced its next direction for the PP fund. how will they allocate it? take over or setup from scratch. till then i think the price will just be around 11c. so sad

gpa might not be spiking up so soon. this few days see heavy distribution phase. the price might need to consolidate further first to see higher prices. so summary is be patient.

what else can go wrong with RM 150 million in hand ? can someone tell me?

dug out some old news. GPA propose RM150 million capex for 3.6 b glove annually , 12 production line.

So now GPA already had almost RM150 million. if u dont believe , u can calculate all the money from private placement and existing RM 60 million in their bank.

aiyo.. u all did not follow the bursa announcement one. today announcement of PP at 10c is the last tranche of the 20%.

means PP is now all over already.. now is time to start their engine.. where will the money go??????

i certainly hope regal orion RTO GPA.. Now GPA is sitting on rm130 million cash with only market cap 170 million.

initially thought that the money from PP will goes to glove but what the heck they rent out their premises to PNECB.

So what the heck is happening ??

i just wonder who took up the private placement. almost every tranche is more than 5% , by right if he is a new shareholder or existing shareholding also need to highlight to bursa malaysia. am i right?

filling the gap ...filling the gap .. RM 1.30 ..RM 1.30

given superln current PE 16 . other stock negative PE also can fly.so now is time for Superln! catalyst is Pfizer's vaccine super low temperature storage required alot insulation material

my sifoo once teach me about fill the gap theory in chart.. if you observe there is a huge gap down during March 2019, hence i believe Superln will finally fill the gap. My Tp is RM1.30 .if u sell too early, u will regret it later

Is not about the robot..this counter is falling on her own weight.. when everywhere u go ask u dont buy mmag.. no buyer and all seller. Of course drop lor

mmag will finally find support at 40c i assume.. if wb find her support around 18-20c. then +exercise price 20c. MMAG will be around 40c .

more to come in next 2 weeks. therefore MMAG hard to rise up.

wow .. finally saw the first batch of warrant conversion. Congratulation on your newly own 736,300 MMAG share

look at the fake buy queu at .18 , then 17.5 and below have very less buy . once break this 0.18 can GG

buy when people are fear, sell when they are greedy.

i exited because i enter at 13c where everyone is throwing like nobody business. now u think is safe to buy , think again bro.

bro shinda88 must be newbie.. lol.. i exited.. beware closing at 16c for wb.

smart people look for opportunity. last week when the warrant at 13c. mother still 80c. i see a huge gap there where wb will try to close the gap. yes indeed . now wb is at 18c . thank you to the panic ikan bilis.

Many newbie dont know how to digest the info from the announcement... from what i understand is this tengku buy share to have controlling stake in BOD. Then he now want use MMAG to buy over his own share in Bestinet.. what buying price still dont know whether is undervalue or overvalue.

The MD resign i think he not happy with this acquisition. Mayb will be overprice and not in the best interest of the company.

closing 56c almost 80k lot eaten up. another wayang ??

and since mmag is trading at 20-25 c for last 2-3 years. I see strong support there.. with chances of mmag start making money if acquisition of bestinet go through.. as i bought wb today. I see alot of safety margin.

If mmag drop below 20c. The warrant become worthless