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richardcslim

richardcslim | Joined since 2015-05-16

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Stock: [MQTECH]: MQ TECHNOLOGY BHD

2022-12-15 20:35 | Report Abuse

https://www.freemalaysiatoday.com/category/business/2022/12/15/us-chip-producer-to-transfer-more-operations-to-malaysia/

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Stock: [MQTECH]: MQ TECHNOLOGY BHD

2022-12-08 09:52 | Report Abuse

Will turn green,jiankun green

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Stock: [MQTECH]: MQ TECHNOLOGY BHD

2022-12-02 20:26 | Report Abuse

Zahid tpm

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Stock: [MQTECH]: MQ TECHNOLOGY BHD

2022-11-29 19:59 | Report Abuse

KUALA LUMPUR: Politically-linked stocks are hot today with the prices of two counters related to former deputy prime minister Datuk Seri Ahmad Zahid Hamidi rising in active trade.

The trading volume of MQ Technology Bhd (MQTech) and SM Technology Bhd (SMTrack) ranked second and third most active respectively on Bursa Malaysia.

MQTech closed at RM0.050, with a total of 132.1 million shares traded, while SMTrack settled at RM0.060, with 127.3 million shares changing hands.

Zahid's daughter Datuk Nurulhidayah Ahmad Zahid is the director and vice chairman of MQTech, while his son-in-law Datuk Saiful Nizam Mohd Yusoff is on the SMTrack board.

According to stock chart analysts, the biggest share price resistance for MQTech and SMTrack were RM0.055 and RM0.065 respectively.

"MQTech and SMTrack have the potential to repeat the performance of Advance Synergy Bhd, which is linked to Prime Minister Datuk Seri Anwar Ibrahim," said one of them.

"Once they break through the resistance lines, they would enter an upward trend. If Zahid is appointed as Deputy Prime Minister (DPM), their share prices would follow the uptrend pattern of Advance Synergy.

"When this happens, the target price of MQTech and SMTrack should be around RM0.210 for both companies," the analyst added.

Advance Synergy has become a darling of the local stock market based on its performance the past few weeks, .

For the past two weeks, Advance Synergy was the most traded shares in the market each day.

Since the dissolution of Parliament, the counter has been rising from a low of RM0.065 on Nov 4 to a high of RM0.32 on Nov 24, a surge of 400 per cent.

Today, its share price retreated to RM0.195 with 249.7 million shares traded.

Advance Synergy's price trend is completely in line with the trading model of "buy on rumors and sell on facts."

The question that market participants are most concerned about today is "Which politically connected stock will be rising?"

Market observers said the answer to the question was related to "Who will be the next DPM?"

The unity government led by Anwar is dominated by Pakatan Harapan and Barisan Nasional. Hence, Zahid could be a candidate for the DPM post.

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Stock: [MQTECH]: MQ TECHNOLOGY BHD

2022-11-29 13:03 | Report Abuse

KUALA LUMPUR: Advance Synergy Bhd, a counter linked to Datuk Seri Anwar Ibrahim, was a darling of the local stock market in the recent weeks before his appointment as Malaysia's 10th prime minister.

After Parliament was dissolved, Advance Synergy skyrocketed almost 400 per cent from a low of 6.5 sen on Nov 4 to a high of 32 sen on Nov 24, which coincided with Anwar's appointment as PM.

Advance Synergy's share movement was a typical example of "Buy on rumours and sell on facts", market watchers said.

The next question on everyone's mind is "Which politically-linked counter will be next?"

The answer would depend on who would be the next Deputy Prime Minister (DPM), they said.

The main parties of the unity government are Pakatan Harapan (PH) and Barisan National (BN).

Since the PM was from PH, it was not too far-fetched to expect the next DPM to be from the BN camp, market watchers said.

The current leader of BN is Datuk Seri Dr Ahmad Zahid Hamidi and there are strong rumours that he would most likely be chosen as DPM.

MQ Technology Bhd and Jiankun International Bhd are both linked to Zahid.

Zahid's daughter Datuk Nurulhidayah Ahmad Zahid is on the board of MQTech, while his son-in-law Datuk Saiful Nizam Mohd Yusoff is on the Jiankun board.

It will be interesting to see if the two counters are able to repeat the performance of Advance Synergy in the coming days.

Last Friday, MQTech closed at RM0.040 with 17.4 million shares traded, while Jiankun settled at 21.5 sen.

If history does repeat itself, the target price of MQTech should be around 20 sen while Jiankun's should be touching RM1.00.

Even if the two counters' performance is half of that of Advance Synergy, the price increase should be lucrative enough to draw significant attention, bringing both these counters to the list of top 10 volumes.