KWAP had made 50% or more from their entry price and proven they now hit and run (refer to bursa news they had sold and ceased as substantial shareholders). Share price will definitely pull down to RM1.30-1.40 from range before up to highest RM 1.03 - RM 1.87. By then it will look for a stable price and stagnant for a period until next news either good or bad to give next wave.
When PPL r scared , u must b braved . Meaning that PPL r selling down , u pick up sparingly ,always buy at the next support level in order to b on the safe side n your price is not too low nor too high. Any recovery u r the first one to get rid off or selling at an advantage.
Think properly la!!@! Why the they sell share b4 Alipay announcement . Is the main share holder study or what ... get RM 1 instead of RM 1.xxx above.. . ????!!! Anyone can provide answer ?
King7, we can speculate a lot of things :) if you want answer or answers. One of them is the ChronoFund's answer. Well, we only know what they share with the public. But that is ChronoFund's idea alone as far as I know.
Other answers, the entities that sold their share at RM1, their costs were around RM0.35 per share bought in 2014. So after so long, who would have thought the price would climb to around this level? RM1 offer, RM0.65 profit, nearly 200% gain, who wouldn't find that lucrative?
I won't deny the profit from this venture will not show instantly, or in the near future, but that's where the game is. The offeror knows that, investors will have very little fact/proven values to grasp on so that they can decide what the price should be based on potentials alone. All we know is Ghlsys got a very clear list of objectives and they look really capable of achieving them.
Fun fact to know (no need to relate to ghlsys), Alibaba's price on the NYSE is USD108.99 per share. They plan on lPO for Alipay but don't know yet when and where. Latest development was, late 2017.
I'm opened to possibilities. But, at the moment, Jack Ma = Alibaba = Alipay and Jack Ma is Malaysia's newly appointed digital economy advisor. So slim chance WeChat Pay will come here and establish a foothold the likes of Alipay/Alibaba will.
What xuewenapeng said maybe true, if it follow the pattern of kps, lowest retracement 1.38 but now increse at 1.54, if no other price surge, my 1 cents. But prospects of ghl even better, should be not that low la, my 2 cents...
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xuewenapeng
1,144 posts
Posted by xuewenapeng > 2017-04-07 17:04 | Report Abuse
sold 10 lpts