Willow is one of the counter that will surprise you, strong support at 0.81 :) Looks like something is brewing here ~~~ I did the fv for this stock, this is a super undervalued stock, long term tp RM 1.5, short term RM 1.03.
Hi 3alternatives, my remiser told me the same thing. My remiser is from OSK and normally she recommends big caps for me. First time she ask me to get this. Any idea what is brewing ?
Is moving this counter, I once said encorp wa will move 0.9 till it is fully valued. I wish the same goes to this counter. Yes danny and 3alternatives are right, the tp would be rm1 to 1.10!
i just checked with the company's FA, it's a solid company with consistent business, zero debt and low pe. The most exciting part is TA also indicates that it's uptrending stock and TP 1.00 shall be achieved shortly.
cash flow is healthy, profit is healthy, now i am just waiting for the durian to drop :) durian season this month, a lot of cheap stock~~~ happy in klci :)
Consolidate already around 80-85.. Going higher after breakout.. Y sell at 90-92? Average up is a bttr option. Just my opinion. Happy trading brothers.
The Board of Directors of Willowglen MSC Berhad ("WMSC" or " Company") wishes to announce that the Company has acquired one (1) ordinary share of USD1.00 each representing the entire issued and paid-up share capital of Willowglen Limited (BVI Company No. 1800933) (“WL”) for a cash consideration of RM2,280.00 (“Acquisition”). As a result of the Acquisition, WL is a wholly-owned subsidiary of the Company.
2. INFORMATION ON WL
WL was incorporated in the Territory Of The British Virgin Islands under the BVI Business Companies Act, 2004 on 27 November 2013. The authorised and paid-up share capital of WL is USD1.00 comprising 1 share of USD1.00 each. WL is presently dormant.
Post-acquisition, the directors of WL are Mr. Wong Ah Chiew and Mr. Simon Wong Chu Keong.
3. RATIONALE FOR THE ACQUISITION
The Acquisition is to provide WMSC with a dormant company intended for the undertaking of future expansion in relation to its business.
4. EFFECTS OF THE ACQUISITION
The Acquisition is not expected to have any material effect on the earnings, net assets and gearing of the Company for the current financial year.
5. APPROVALS REQUIRED
The Acquisition is not subject to the approval of the shareholders nor any government authorities.
6. INTERESTS OF DIRECTORS AND MAJOR SHAREHOLDERS
None of the Directors or major shareholders of the Company or persons connected to them has any interest, direct or indirect in the Acquisition.
Why need to acquire a company in the Territory Of The British Virgin Islands? Why not acquire or set up a local company for future expansion? If set up an future international base then is it KL or SG better than the Territory Of The British Virgin Islands? Sorry, just don't understand, may be it is common or necessary.
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Posted by Ng MC Angie > 2014-07-03 12:56 | Report Abuse
Where is d support n resistance. Someone can advise.tq