Heading upwards to test its last high at 0.25. Since Thursday is a non-trade day, expect it to hit highs next week, maybe even breaching the 0.255 mark.

Big funds are just appearing, relax, In due course it will rise.

gone already lah, all kena trapped..

https://www.businessinsider.com/fda-creates-list-medical-supply-shortages-for-the-first-time-2020-8

Tomorrow it flies

I have feeling it will close around 0.32-0.325

Relax guys, the bleed has reduced and 15min charts are showing turnaround.

@Tansri777 If caely limit Up will touch 0.745

Now this is what I say Positive Tinking

@
suisui97 it could come sooner than you think... haha

If it touches 0.63, then the uptrend is confirmed. Otherwise, it will be just like looking at small fry fishing for scraps.

regardless of whatever situation, their product is needed here - if not in region. check out what it is all about before investing, then you wont feel so nervous.

foreign funds are in

are u serious? if can reach 70sen also consider lucky already.

Yesterday or not, read carefully

KUALA LUMPUR: AppAsia Bhd shares were shaken yesterday on reports that its new substantial shareholder Permodalan Mara Bhd (PMB) had sold some shares.

From the word go, the stock was in the red before closing 4.5 sen lower to 80 sen, while the warrants which had been literally on fire retreated six sen to 65 sen.

At the close of trading, PMB announced that it had IN ACTUAL FACT INCREASED, albeit marginally, its stake in AppAsia to 6.3 per cent or 23.29 million shares.

"The selling was over done. Now it's game on, as our intentions are to turn the company into a Bumiputra entity," said a source advising PMB, a state-owned investment arm.

More buying are expected as many are banking on AppAsia being the first local financial service fintech company to break into the global market.

Already it has the second largest global market share in the electronic bank confirmation platform for auditors in collaboration with the Malaysian Institute of Accountants.

The deal is estimated to push AppAsia's PROFIT by more than 20 times, enough legs to carry the company into the main board of Bursa Malaysia, within the next 36 months.

To recap, Ni Hsin had on 14 May signed a product manufacturing agreement with Marywah Industries (M) Sdn Bhd, a wholly-owned subsidiary of Caely Holdings Bhd.

Ni Hsin had appointed Marywah as the original equipment manufacturer (OEM) of NHM's brand name products which mainly consists of fabric face masks (under the brand name of Masketeer – Coolmax Fibre Protective Mask) and PPE.

MacD looks good, into positive side.

@
jungleboy they regret selling?

Pure business - they took profit. Bought 4mil, disposed 2mil, bought again 4 mil.. technically they have bought 6mil.

Charts showing its recovery, boys. Momentum frm institutions have begun.

And it bought 4mil after disposing off 1mill shares. What does that tell you?

Mara is fishing in a time like this.. they could have gone into market and snapped up below 0.80

Good day expected - is something developing fundamentally to cause yesterday's rise despite the red tide? Last hour of trading see it surge back to the mid level of 0.34. Anyone found any info?

Well said - gloves market is getting crowded. If vaccine is available, then it will be further consolidated. But this is a fair price - any drop is bonus for the collector.

Look at the current candle - strength of the bulls more than bears. By 4pm, it should be in green territory

@tressele

This is a moderate correction of entire market. Dont pay too much attention - 3.30 to 4pm will see the tide change hopefully

@
tressele Flushing weak retailers. Wait and see 11/08/2020 9:23 PM

Not really - no fund support. Since departure of Nihsin, it has lost goodwill. But since business modules are intact, I don't see why people should panic sell. In all eventuality, it could later be target of some form of takeover via shareholding space since its "infrastructure" are already geared to facemask and PPE making

Fundamentals are strong - software platform already established. Now only to sign on customers. Not just locally but regionally and maybe beyond aseam

Do your homework before trading. This stock as reached the upper limits of its potential - those who got it just after March 15, if they invested heaps, and kept till now, would have made 5 fold. Look back at the charts and you will see. Now, there are a few factors against its meteoric rise and most obvious is the market getting more players. Also, it is seeking private placement for new glove manufacturing facilities - meaning it needs new funding. All said, whether it will continue along current path or not, a lot will depend on its new venture. I just hope the owners will look into areas to improve, especially on its investor relations. Not much is known. There had been so much speculation of its activities and what exactly is it doing?

Look at the daily rise versus the volume. If you know what you are holding, you don't have to worry. If you buy because others are buying, then better let go for better sleep

cheap sale, grab. similar trends due to panic selling.

One of the best stocks for tech this year so far. If you have a unique product that is in demand, and you have your local business under your monopoly, you will make money.

There's potential in this. Otherwise PNB won't touch. Read earlier reports on Rakuten analysis

QR report in two weeks if I am not mistaken. The last didn't show big profits because of some additional liabilities. This one should show a marked increase. That is why volume is spiking.

MARA is only a substantial shareholder - not major stake holder. What can be expected - if BN rules again - is that it will be a smoother journey to connect to local companies requiring what it has produced. Also, what it has produced will find ways to other same-stream fields that require audit confirmation software intelligence. That is what I believe that at this 60-70sen level, this stock is undervalued. Reason why is because the focus of major investors are on HC counters which is slowly but surely reaching saturation point and competitive advantage will be smaller. Also, with discovery and worldwide usage of vaccine expected shortly, who knows what the future holds.

Talk no use. See this?

https://www.google.com/amp/s/amp.rnz.co.nz/article/c885aa5c-de80-4bea-9b4a-7c8ebf1ad832

0.5mil units bought at 0.62 today could well be an institutional fund. it is rare foreign funds throw money to back a local company unless they see potential. over the weekend, do your homework and see if this stock is worth the trouble. From audit circle, it will revolutionise workprocess in the new normal. Appasia could well be the gem of tech stocks if Rakuten's forecast is anything to go by

That's a nasty candle for Monday.

Chart looks good, chaps. Dare we hope that it will go beyond 70sen very soon?

Nice try. Comfort directors also sold during the pre-runup.

@SuperWan https://www.nst.com.my/business/2020/08/614439/shareholding-realignmen...
Is this true?

The newspiece did not name the fund which bought Appasia. But the fact is Appasia owned the e-Confirmation. Whether its substantial shareholder is a Malaysian entity or an even bigger international fund, it does not matter. What is fact is that 1) Appasia's produce is used by top audit firms in the country and major banks.
2) Each use is RM15 per successful confirmation
3) There is no competitor to Appasia in Malaysia for this electronic banking confirmation and they will likely be the industry leader of this innovation
4) Agreement with MIA lasts 12 years

Solid investments are usually made on facts. Rumours provide the spark.

TA is reflecting recovery of its earlier momentum before the sharp panic selling today. If it finishes at above 0.63, then it is well on its way to 0.73 to fulfill its higher Fibo extension. Afterall, it touched 61sen this afternoon

TA wise, the hourly charts are showing good buying up and if one can be optimistic, it may even break the early targets reached. If not at least end the day at around late 60s

Looks like there is second life after NihSin. This morning's volume drop benefitted some very smart investors - collecting a few million shares between 0.59 to 0.53. Like I mentioned earlier - no change in fundamentals except that NihSin made profit from its moving away from this stock. But the contracts of PPEs and facemasks have been signed and production is probably geared towards meeting that. So, you can wait and see how this will go

Looks like another long dreary week comes to almost and end and PDZ remains where it is.

Caely produces facemask and PPes also and has standing orders. This will keep it in good stead - with many companies jumping onto this HCsector which will continue even after the vaccine for Covid is available (facemask for flu prevention, TB etc). Way I look at it, if looking at gloves industry's direction which showed companies moving into acquiring existing glove-making firms, the spot left by NiHsin will be taken up by others in competition - maybe a backdoor acquisition? Let's watch the fun

RSI crossover is happening - CMF is also showing encouraging rise. Quietly this is going up to meet its last high

what happened this morning when it shot up to 0.80? people mistaken caely for carepls?

dont expect too much of QR. Harddisks are being replaced quickly by SSDs. This is not one of JCY's area of profitability

Despite winning contracts to supply medical IOT stuff, the stock is only 0.09?

It's ready to retrace its movement north again, if charts can predict anything. Maybe it can close around 0.70?

a correction will be scary at this point like one of my fellow analysts pointed out

chart is still very strongly bullish