Posted by char1234 > 2021-04-09 17:02 | Report Abuse

bad close !!

Posted by Prem0403 > 2021-04-09 19:18 | Report Abuse

A is we hope you do bj for the operator this 2 days so Monday can push more bj nicely so we can fly together

Posted by Hero76 > 2021-04-09 19:31 | Report Abuse

PP coming.. should be uptrend next week.

Posted by Hero76 > 2021-04-09 19:31 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3146985

Posted by gghaha > 2021-04-09 20:47 | Report Abuse

Eat pop corn watch show better...:)

Posted by char1234 > 2021-04-09 21:58 | Report Abuse

looks like going red on Monday

Posted by Anisdesanika > 2021-04-09 22:11 | Report Abuse

Private placement means very good news!I remember pp for dataprp,widad & huaan(techna x);price really shot up!New bigshot investors coming!

Posted by Bangsabursa > 2021-04-10 01:36 | Report Abuse

Still x paham kenapa orang kata bad close. Please know that previous resistance is 340. Now the resistance has become support level (RBS). 345 is good start for next week. It's just the basic level of TA. Similar to the son previous resistance is 120, closing at 125 is good enough.

Posted by reezdragon85 > 2021-04-10 01:44 | Report Abuse

This pp show very promising prospect for the company. If you hold long term it will shoot up nicely.

Posted by char1234 > 2021-04-10 01:54 | Report Abuse

pp price 26 ct ?? it's much over pp price already ...

Posted by Bangsabursa > 2021-04-10 01:59 | Report Abuse

Please read the announcement carefully. Where do you get the 26ct pp price?

Posted by Hero76 > 2021-04-10 07:07 | Report Abuse

Monday above 40c

Posted by zarul_syaz > 2021-04-10 07:12 | Report Abuse

New pp for new project? TA n Fa also looks good. Lets start the engine

Posted by Hengoredi > 2021-04-10 09:01 | Report Abuse

Pp will be issued at 4th qtr

Posted by wallstreetrookie > 2021-04-10 10:30 | Report Abuse

I only see negative news in the 7m contract. That’s not enough for turnaround. Don’t talk about technical analysis. FA fail this company

Posted by OneSmallStep > 2021-04-10 10:59 | Report Abuse

Elaborate more. Why FA fails. Because of 7m
Turnaround?

Posted by zarul_syaz > 2021-04-10 11:05 | Report Abuse

Oso donno why he looks FA fail? Lol

Posted by zarul_syaz > 2021-04-10 11:09 | Report Abuse

This profitable company for every years

Posted by Seiran > 2021-04-10 12:18 | Report Abuse

Saham GFM akan mencanak minggu depan, at least dua minggu UP bos sebelum flat

https://www.theedgemarkets.com/article/gfm-services-raise-rm47m-private-placement-working-capital-new-biz-opportunity

Posted by Seiran > 2021-04-10 12:22 | Report Abuse

Baca juga yang ni, GFM ni

https://www.theedgemarkets.com/article/igb-reit-kerjaya-prospek-tcs-mmc-corp-menang-corp-gfm-services-tfp-solutions-cocoaland-and

Posted by Anisdesanika > 2021-04-10 14:13 | Report Abuse

Next week fly...Monday if opening red,will top up another 100 lot... Huat huat huat...hehehe...

Posted by myfuad > 2021-04-10 14:35 | Report Abuse

good closing...hopefully limit up...

Posted by wallstreetrookie > 2021-04-10 16:34 | Report Abuse

Because what you’re looking at is the current revenue and profit margins. What I’m looking at is the historical earnings. Revenue is on an exponential decline and the company is sitting on a mountain on debt.

Posted by wallstreetrookie > 2021-04-10 16:34 | Report Abuse

I’m waiting for enough catalyst for turnaround opportunities. This company used to be a favourite for foreign investors but that was a long long time ago. Let bygones be bygones

Posted by wallstreetrookie > 2021-04-10 16:41 | Report Abuse

Decide next week hahaha. Get in PP

Posted by wallstreetrookie > 2021-04-10 16:42 | Report Abuse

See the issue price

Posted by char1234 > 2021-04-10 17:08 | Report Abuse

FA is good !

Posted by char1234 > 2021-04-10 17:08 | Report Abuse

don't know about TA..

Posted by Anisdesanika > 2021-04-10 17:27 | Report Abuse

wallstreetrookie has every right to be alarmed.He's been an advocate for gfm for so long.Really appreciate your views on this company.We only been here this year so we don't really know about gfm's past.

Posted by OneSmallStep > 2021-04-10 20:33 | Report Abuse

Revenue is on the exponential decline? Are we looking at the same figures? About debt, I m not sure.

Posted by arcadicus > 2021-04-11 14:21 | Report Abuse

https://www.theedgemarkets.com/article/igb-reit-kerjaya-prospek-tcs-mmc-corp-menang-corp-gfm-services-tfp-solutions-cocoaland-and

Posted by Hero76 > 2021-04-11 14:53 | Report Abuse

Get ready our bullet for prices above RM0.40 tomorrow.

Posted by ahwong95 > 2021-04-11 15:03 | Report Abuse

wallstreetrookie acts like he is a pro. GFM is never a foreign investor favourite, I dont know how he get this judgement.

Posted by Silly_money > 2021-04-11 19:31 | Report Abuse

Wallstreetrookie revenue declines exponentially?? Wonder where you pluck your data

https://www.klsescreener.com/detail.php?code=0039

Posted by wallstreetrookie > 2021-04-11 21:02 | Report Abuse

@ahwong95 ahem Watch the substantial shareholder’s trading volume in 2007. I know what I’m talking about lmao.

You think GFM hit RM22 without foreign investors? Goldman Sachs was the key figure behind the pump and dump before the financial crisis.

Posted by wallstreetrookie > 2021-04-11 21:21 | Report Abuse

@Silly_money I haven’t gone into detail yet. Latest earnings is very spectacular for sure. Growth YoY profit margin, EPS, etc. But the company is still sitting on debt based on a ~3 debt to equity ratio. I am calling the recent Private Placement move to “raise capital for business plans” BS because it’s clearly part of the plan to pay or reduce its debt.

On declining revenue, I might have made some mistake on this part. My investment strategy mainly revolves around identifying turnaround opportunities instead of buying the dip based on technical analysis. To counter some flaws and inconsistencies in my earlier comments, within the short term, the company does have marginally improved financial health but still not enough to impress foreign investors.
Revenue in 2016 (in millions) : 92.08
Revenue in 2020 end of fiscal year: 116.87
21% growth
Adjusted EBITDA 2016 - 19.58
2017 - 17.99
2018 - 16.12
2019 - 39.41
20/0 - 43.87
Adjusted Net Income
2016- 13.04
2017 - 10.86
2018 - 7.40
2019 - 5.93
2020 - 8.40
Adjusted basic EPS
2016 - 0.03
2017 - 0.03
2018 - 0.02
2019 - 0.01
2020 - 0.02
As you can see, the latest earnings look good on the surface level, but compared to previous years, it’s insufficient to prove a successful turnaround for the company in order to boost financial health and retain shareholder value.

Posted by Anisdesanika > 2021-04-11 22:01 | Report Abuse

wallstreetrookie i do agree with u'r opinion dat gfm is not attractive enough for foreign investors.But i do believe dat dis new management of gfm is doing a very good job to reduce debt & securing new contracts. Let's give them a chance ya...

Posted by OneSmallStep > 2021-04-12 01:24 | Report Abuse

@wallstreetrookie... Thanks for providing your sides of argument (and to admit mistake). My hat off to you. Thank again.

Posted by Seiran > 2021-04-12 09:35 | Report Abuse

Possible limit UP

YAHOOO :-)

Posted by harithalwi15 > 2021-04-12 09:57 | Report Abuse

That is just hope analysis

Posted by Sathya9121 > 2021-04-12 11:12 | Report Abuse

trading suspended or what...not moving

Posted by Sathya9121 > 2021-04-12 11:13 | Report Abuse

ask volume not moving

Posted by Seiran > 2021-04-12 11:57 | Report Abuse

Reply to harithalwi15,
In my 10years involvement in stocks market, I haven't heard anything like "hope analysis", would you please explain to us all, what is it all about?

I will appreciate your reply

Posted by Seiran > 2021-04-12 12:01 | Report Abuse

Did you just made it up, or what?

Posted by Seiran > 2021-04-12 12:01 | Report Abuse

Attn to harithalwi15

Posted by harithalwi15 > 2021-04-12 14:19 | Report Abuse

Seiran I made it up.. We know it is hard to LU but we are hoping that it will limit up everyday. Hahaha

Posted by Seiran > 2021-04-12 14:36 | Report Abuse

Reply to harithalwi,

So u mean it's not analysis method? I see, thank u for ur answer

Posted by harithalwi15 > 2021-04-12 14:40 | Report Abuse

Seiran, no, it is not analysis method. Hahaha.

Posted by TeeJian > 2021-04-12 15:07 | Report Abuse

I hope you understand the actual meaning of limit up. Im wondering why many people in Kl3e investor forum always talk about limit up? That event rarely occur in bursa.

Posted by WinWin995 > 2021-04-13 11:04 | Report Abuse

hmm...no show!