SiewMaiView, thank u for ur support! Just bash ktsk88 and his members 4me pls.

what a disappointment....

lol ktsk88, still stink i'm the only one against u? pls lah. grow up. nothing better to accuse me now? sigh.....

The only refuge tht one can seek is the US Dollars and Gold. Bursa will fall back to 1200-1100 levels at the max if global selloffs start.

lol MyView/ktsk88......Did u not noticed it? The tones of voices and the wave of support within ur camp is diminishing and changing. Because of these, I believe that some of ur members have started to take heed of my advice to be extremely careful and taking a cautious stance by now. Disregard of how good a company is, once the tidal wave spreads from a tsunami that is bound to happen because the world is in its 8th year of bull run in which the cycle WILL come to an end and we'll be facing a downturn with all the imminent problems already faced by all nations worldwide...Brexit, likely Euroxit, possible NajibBn-exit, China being ganged up bullied by all nations regarding its power struggle in South China Sea even by Russia.

This article first appeared in Corporate, The Edge Malaysia Weekly, on June 27 - July 3, 2016.

THE stock with the code “0069” started off its journey as a public-listed company with the name I-Power Bhd in 2005. It changed its name twice in the following 10 years, becoming Instacom Group Bhd in 2012 and then finally, Vivocom Intl Holdings Bhd.

Its share price was barely eight sen nine months ago but soared to 36 sen last month.

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However, the share price has been drifting lower amid concerns that CEO Datuk Seri Dr Yeoh Seong Mok, who is perceived to be the key person who secures contracts from China Railway Construction Corp Ltd (CCRC), is retiring soon.

It is rather common for companies to undertake restructuring exercises to revive their financial health. One route is to bring in a white knight to inject new business.

This is what Vivocom has done — twice.

When I-Power made its debut on the Mesdaq Market of Bursa Malaysia, it was an IT solution provider founded by then-CEO Jason Chia Kok Chin.

I-Power was the first IBM Corp Premier Business Partner in the country to be inducted into IBM’s independent software vendor (ISV) advantage programme. I-Power was said to have priority access to IBM’s e-business application knowledge and expertise, including its technical infrastructure, resources and support.

Its initial public offering (IPO) was priced at 43 sen per share. Subscribers must have laughed all the way to the bank when the share price almost doubled to 85 sen on its maiden trading day on Jan 18, 2005, and continued to climb to a high of RM1.52 on March 30, 2005.

But the upward momentum was unsustainable and the share price plunged to 40 sen a few months later. One needed a strong heart to hold on to the investment. The stock was on a roller coaster ride, fluctuating between 80 sen and RM1.40 until 2008, the last year in which I-Power was profitable. In the financial year ended June 30, 2008, the company reported a net profit of RM12.57 million.

The following financial year, the company’s net profit plunged 99% to just RM136,904, citing the challenging business environment. While hoping for a better future, I-Power posted a widest net loss of RM94.77 million in FY2010, wiping out its retained earnings and ending up with an accumulated loss of RM65.02 million.

Its share price dipped below 10 sen to a low of two sen in 2011 — six years after the IPO.

Interestingly, I-Power’s board of directors, including its chairman Tan Sri Wan Sidek Wan Abd Rahman and Chia’s wife Ha Mun Keet, started selling their shares in the company shortly after the IPO.

By October 2008, none of the board members held I-Power shares except Chia, who held a 25.88% stake. Did they have doubts when everyone thought things were rosy at the company?

A white knight emerged in August 2011 in the form of telecommunication tower builder Instacom Engineering Sdn Bhd, which undertook a reverse takeover exercise.

Subsequently, I-Power became Instacom, with a new management as well as controlling shareholders.

Chia was redesignated executive director while Anne Kung Soo Ching became CEO. Thomas Ngu Sing Hieng and Choo Seng Choon were appointed executive directors too.

Chia retired from his post on Dec 18, 2012.

As at April 2013, Chan Chuck Yan was Instacom’s largest shareholder with a 21.79% stake, followed by Kung, Ngu and Wong Say Khim, each holding a 14.52% stake.

EA Holdings Bhd CEO Mohammad Sobri Saad was the 12th largest shareholder, holding a 1.14% stake. Although Chia ceased to be notable shareholder, his wife was the 27th largest shareholder with a 0.35% stake.

Note that Choo was also a non-executive director in EA Holdings.

Ngu told the local media that Instacom wanted to build a 3,000km fibre-optic cable network to link up the whole of Peninsular Malaysia in three to five years.

This helped to fuel interest in the stock. Once again, the stock with the code “0069” was a hot stock on Bursa Malaysia. From a trough of two sen, the share price surged to a high of 42.5 sen about one year after the reverse takeover.

The rise in Instacom’s share price was also driven by market talk that it had secured a RM205 million contract for telecommunication infrastructure works in Sarawak.

Instacom managed to deliver a good set of financial earnings. For financial year ended Dec 31, 2013 (FY2013), Instacom returned to the black after three consecutive years of fiscal losses. It reported a net profit of RM26.22 million against a net loss of RM2.87 million previously.

However, in early September 2013, the company’s directors started selling shares on the open market while Instacom was making handsome profits.

Ngu was telling the investing public about Instacom’s bright prospects at briefings with investors and media interviews. Interestingly, together with Wong, he was paring his equity interest in the telco tower builder.

Less than two years after the reverse takeover, Ngu and Wong’s sharehol

lol talking to own self......myview

MyView, still using multiple ID....pls lah....

Oiii......shafi....u said u reported to police station.....which station? Better be quiet if u so penakut....

Shafi, write in english.....i3 is not m'sia ok

USe ur only original ID.....be a man......hiding be a coward for wat? ktsk88 how old oh? still using multiple ID.....I thought u are a father already but act like 5 yrs old

lol....MyView/ktsk88 in disguised as bahasa boy now......where got malay boy write so much bahasa baku one.......aiyo.........wanna pretend also don't knw how to do it. Pls lah........sigh..........

That's why lah....dare to shout but no guts to do it.......go home...balik kampong tanam ur jagung......

takut ah?

Shafi Awong, which police station u reported to?

South Korea also bidding for HSR.....no guarantee for vivocom to win. Do the math........

MyView, still using multiple ID playing in this forum thread????

MyView, still a coward.....posting only news for wat? lol

Willy99, I thought u can't write anything else one?

SpeedyBoy, thanks for a lift here.

ktsk88, where is ur promised rally to ur supporters? Don't disappoint every of ur supporters.

Shafi Awong, speak english pls. Bahasa cannot be used around the world elsewhere but only in malaysia. Faham? Don't be Jaguh Kampong only.

Btw, which police station u reported to? Why so takut to tell? Don't be a penakut. No balls? Dare to shout so loud last week but diam-diam when I ask u. Better makan ASB je lah cukup. Aiyo..........

see? using multiple ID to post absurd unrelated news now. ktsk88+MyView are such sore losers.

forgot to tell u ktsk88/MyView....the weekly chart confirmed a downtrend MA crossover since last week. Ouch!

Stop spamming here lah....ktsk88/MyView......

lol, do u guys see that? ktsk88+MyView have to use long paragraph articles to discourage ppl from reading this thread by spamming now. LOL

Hold more cash capital now....in the event of global selloffs sparked by impending problems, u will have great chance to reap the benefits and enormous profits. The worldwide economy is slowing and saturated now. I've warned ppl that the bull run is in its 8th year now since 2008/2009 Global Financial Crisis sparked by US Subprime mortgage crisis. This time will be different. Just preserve ur cash capital....tensions among countries are on the rise and heated battles...you've known these reading everywhere on web or newspapers. When selloffs start, u will stand greater chance to survive the downturn.

buffet, it's going to fall back......don't touch

Ooops.....forgot to tell u ktsk88/MyView....the weekly chart confirmed a downtrend MA crossover since last week. Ouch!

..

China's economy is in trouble:

http://www.nytimes.com/2016/07/16/business/international/china-gdp-growth-stimulus.html?_r=0

..

also this one:

http://www.theedgemarkets.com/my/article/ceo-tenure-near-term-overhang-vivocom

ktsk88+MyView, when this highly manipulated ACE market listed hotstock collapse...u will be history.

How many of those inflated stocks in ACE market went through the boom and busted when the fairy-tales end or its white knight moved on? This Dr Yeoh the CRCC-enabler took over the role as CEO for a mere 8 months and resigning. Worth to still gamble ur money in it? I strongly doubt that myself.

It's easy to talk history. Meaning? Behaving just like some sly old fox dishonestly misleading forumers into believing them to initiate buy/hold/sell calls by saying they had bought & made handsome profits in the past or sold at a loss while trying to cover up their mistakes by blaming & framing other individuals while advocating buy calls. The latter is a perfect fit scenario for typical losers pattern. Sounds familiar?

Talk is cheap/free and u can't expect it from cheap ppl hence the proverb itself. Honesty in its entirety is precious and u can almost not able to find it in the marketplace. If you stumbled upon someone who differ from the masses, try to tolerate and understand it.

ktsk88, are u blind or with blurry eyes? Downtrend is intact.

until have to resort to those tactics? aiyo.................

ktsk88, me spamming? R u kidding? LAst friday, someone using multiple ID spamming big time. What happened to your other ID, ktsk88?:

Shafi Awong
Winnie Alex

Still cannot see how accurate I am? Still wanna swim against the tide? Are you salmon? Salmons always get caught and ended up on diners' plates on meals.

Even the most prospective person to be the next CEO or the presumed second in-line to the CEO throne, MD Choo is spilling out the beans that the Vivocom management has no influence on the share market pricing.

Which forumer here said that the management will come out and calm the market? These false preachers are dead wrong on this issue. Look and read urself what MD Choo has said it (an excerpt from the article in TheEdge):


"On the selling pressure, Choo believes it was mainly due to the overall market conditions. “This is beyond our control. Under these conditions, even the most positive news would have little impact on the stock market,” he says."

http://www.theedgemarkets.com/my/article/vivocom-selldown-causes-jitters

walao....why r u so nervous? MD Choo said it already:

lol MyView@Willy99, I'm yawning on ur repetitious thing..........

lol ktsk88, you've been blowing ur trumpet and Myview tht tuba entire week. Where is da rally leh? Don't disappoint ur camp supporters.... I'm eager to watch ur most anticipated price actions.

Pretend? Hmmm.....I thought ur camp is the only place that admit members with 2 minimum requirements that's bias and pretentious. Hahaha.......

ktsk88, where is the price actions? where's ur promised share price rally? Hello.........

lol ktsk88, where is ur promised rally? What happened to it?

ktsk88, do u reap any benefits from reading my narrations? You do envy me on Brexit day. Want me quote? Lol..... always learn from someone who's better than u and if u cannot lead a wolf pack then u must have lack certain qualities in you.

doitanyway, I've shared my investing/trading views last week thu/fri. I'm bullish on commodities. Do scrutinize my recommendations.

doitanyway, thank u for the compliments which I presumed it is so and my answer can be a yes or no on your other regards. Winners and losers come and go, so does friends and foes. Many forumers and even some presumed or pretentious sifu-sifus or multi-millionaires in i3 forum can narrate very well and indeed they are well versed in their own nature of trades or the so-called past/current professions. Just one thing tht I wanna stressed on here, if u don't have unshakable confidence in your choice of actions, beliefs, decisions, selections then u are not worthy of all that u are made up of hence u will be forsaken.

Any naysayers or critics who come to my ways, I will always take the bulls by the horns with full assurance and confidence otherwise don't bother if u are not a persistent individual.

doitanyway, it's indeed reflected in its price already which is being suppressed downward falling. I just wish someone with high credibility to come forward and give me a convincing findings that this is a good stock to hold onto otherwise it's just another cheerleader with bias views.

Happy reading:

http://www.theedgemarkets.com/my/article/vivocom-selldown-causes-jitters

http://www.theedgemarkets.com/my/article/ceo-tenure-near-term-overhang-vivocom

coward MyView, why not u comment here instead of re-posting the same old comment/posts? Don't be an angry bird like ktsk88 though u are only second in command to ktsk88 because u lack of bravery.

LOL Myview, rahsia sudah bocor lah.... don't use another ID to re-post the same old comments.

Willy99 = MyView