Posted by value88 > 2018-07-22 21:39 | Report Abuse

Apart from the legal case, Jaks' poor performance from property division and frequent cash call also the reasons that pushed down its stock price.
In normal case, when a right issue is proposed, the price of the stock would remain depressed until the right issue is completed as people do not want to fork out additional money to subscribe the right issue (I hate to do so too !)

Posted by value88 > 2018-07-22 21:40 | Report Abuse

At this point, KYY regrets but hasn't sold yet. Just imagine when the biggest shareholder starts selling, what will happen to Jaks' stock price :p

Posted by davidkkw79 > 2018-07-22 22:03 | Report Abuse

It will end up as mudajaya

Posted by ks55 > 2018-07-22 23:47 | Report Abuse

Haha..

When KYY stop buying. Jaks drops.

When KYY start selling, Jaks goes holland.

KYY cannot buy any more, or he has to make MGO.

Is he going to make MGO?
You have to wait long long and slowly slowly, perhaps wait for his grandson to fulfill his ambition...........

Posted by traderman > 2018-07-22 23:57 | Report Abuse

haha serve him right. hengyuan he can sell secretly because he don't own 5% and no need report to bursa. but jaks if he start selling entire world will. know and sell down the price hehe

Posted by value88 > 2018-07-23 08:16 | Report Abuse

KYY bought stocks on margin so he may need to sell some Jaks' mother shares otherwise he may not have sufficient fund to subscribe for the coming right issues. He need to fork out a huge sum of money for the right issue subscription..so watch out.
Maybe the good time for us to pick up Jaks is after KYY selling and after the completion of the right issues. I suppose that will be the bottom price for Jaks then.

Posted by KowChye Lim > 2018-07-23 09:34 | Report Abuse

agree with Value88 that the best time to buy may be after KYY selling and completion of the right issues.

Posted by Henly > 2018-07-23 09:40 | Report Abuse

Who want to give money for JAKS to pay court case?

Posted by SureWin1Woh > 2018-07-23 10:43 | Report Abuse

Ang implemented Rights Issue to checkmate KYY.....

Posted by Tom > 2018-07-23 10:44 | Report Abuse

Checkmate kyy.....lol

Posted by Henly > 2018-07-23 16:24 | Report Abuse

I remember KYY commented malaysia steel share plunge due to over supply of building and houses in the country in March2018. He never own a single steel share.
and today JAKS share plunged also due to building condo and offices. In reverse, he bought very substantial share in the company that build condo and offices.

He is very very right and on the dot about steel counters, he also very accurate about JAKS. and ...

Most of the time business sense don't work in share market

Posted by jackfruit > 2018-07-23 16:53 | Report Abuse

U think KYY always lucky to pick winner .Now he get a taste of margin call. At one time keep promoting margin play to investors.

Posted by stock_investor > 2018-07-23 18:34 | Report Abuse

kyy sell hengyuan shares whilst busy promoting hengyuan by comparing it to nestle... when share drops, he announce he sold all... he can fool people once but not twice..