HONG SENG CONSOLIDATED BERHAD

KLSE (MYR): HONGSENG (0041)

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Last Price

0.01

Today's Change

-0.005 (33.33%)

Day's Change

0.01 - 0.01

Trading Volume

2,250,000


5 people like this.

2,994 comment(s). Last comment by Baby Shark 6 days ago

High5

1,269 posts

Posted by High5 > 2020-08-24 21:01 | Report Abuse

Coincidentally, MSCM's media invite indicated that there will be a signing ceremony tomorrow in Petaling Jaya involving MSCM's subsidiary Hong Seng Gloves Sdn Bhd and its new partner for a turnkey project.

"The event marks the start of a collaboration between both parties that will enable MSCM to venture into the new business," MSCM said.

ben_ns

404 posts

Posted by ben_ns > 2020-08-24 21:57 | Report Abuse

besok koyak

limitupupup

1,466 posts

Posted by limitupupup > 2020-08-24 22:35 | Report Abuse

Gg buang terus

Bullish

896 posts

Posted by Bullish > 2020-08-24 23:13 | Report Abuse

Limit down

Amril88

23 posts

Posted by Amril88 > 2020-08-25 10:27 | Report Abuse

what happen this counter

tomwah

1,599 posts

Posted by tomwah > 2020-08-25 10:31 | Report Abuse

suspended ?????

Vortex8

42 posts

Posted by Vortex8 > 2020-08-25 10:40 | Report Abuse

Ex-VC boss Choo Peng Hung learn something here? Why not go back to old company VC wiser?

pretty_life

4,810 posts

Posted by pretty_life > 2020-08-25 12:59 | Report Abuse

Walao ler... continues limit up another 3-5days

mf

29,382 posts

Posted by mf > 2020-08-25 13:54 | Report Abuse

We refer to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 24 August 2020 titled “Unusual Market Activity” and after making due enquiry with the directors, major shareholders and other relevant persons, the Board of Directors of the Company (“Board”) wishes to response to the queries raised by Bursa Securities as follows:



1. Apart from the announcement released by the Company on the same day pertaining to the Group’s venturing into glove making business and the entering of the Turnkey Commissioning of NBR Double Former Glove Dipping Production Plant Agreement (“Agreement”) for a contract price of RM59,400,000.00 and an upcoming signing ceremony of an agreement on 28 August 2020 involving the Company for which media invitation have been sent out for them to attend, the Board wishes to inform that there is no other corporate development relating to the Group’s business and affairs that have not been previously announced that may account for the trading activity including those in the stage of negotiation and discussion.



Further details on the Agreement are set out in the said announcement released on the even date.



2. The Board is not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activities.



3. There have been recent announcements on changes in the substantial shareholders of the Company, intention to invest 20% stake in eMedAsia Sdn. Bhd. (“eMedAsia”) and to be eMedAsia’s exclusive fourth party logistic services provider, incorporation of a new wholly-owned subsidiary company to undertake glove making business and the execution of the tenancy agreement for the purpose of setting up a glove manufacturing plant to commence its gloves business, etc. The foregoing may have encouraged the trading activities of the Company which give rise to the movement in the share prices.



4. The Board of Directors confirms that the Company is in compliance with the Main Market Listing Requirements of Bursa Securities (“Main LR”), in particular paragraph 9.03 of the Main LR on immediate disclosure obligations.

Endgame

766 posts

Posted by Endgame > 2020-08-25 14:08 | Report Abuse

Limit down I guess

Sales

3,280 posts

Posted by Sales > 2020-08-25 15:08 | Report Abuse

With this price, safer to buy HLT

ctooi51

394 posts

Posted by ctooi51 > 2020-08-25 17:57 | Report Abuse

Alamak why now only announce gloves should announce vaccine mah...

jollywin

43 posts

Posted by jollywin > 2020-08-25 19:23 | Report Abuse

59 millions .. That's a lot !!!

Posted by Carpophorus > 2020-08-26 10:42 | Report Abuse

Someone shiok sendiri playing with MYSCM-Wa by himself. Maybe hoping to catch some water-fish. Only in Bursa KL where the warrant is way higher than the mother share price. Lol!

mf

29,382 posts

Posted by mf > 2020-08-26 10:44 | Report Abuse

rebound

TigerWoods

665 posts

Posted by TigerWoods > 2020-08-26 14:30 | Report Abuse

What??? Another glove player? Madness

bojed

5,064 posts

Posted by bojed > 2020-08-26 14:44 | Report Abuse

MySCM RM1.70
MySCM-WA RM1.72

UMA is just around the corner hahaha

Posted by King KongKing > 2020-08-27 15:13 | Report Abuse

Xxxx kena trap. Stay at level 179

vincent555

187 posts

Posted by vincent555 > 2020-08-29 17:30 | Report Abuse

Sell con man Mscm

Buy genuine Hlt

vincent555

187 posts

Posted by vincent555 > 2020-08-29 17:45 | Report Abuse

Mscm is 52 weeks

4 sen ....52 weeks low

Rm1.88...52 weeks high

Last qtr earning is -1 sen

Minus 1 sen?

What a Massive Scam job is Mscm

M = Massive

SC(A)M

Mscm = Massive Scam

Run for your life now!!!

Or later go limit down then go bankrupt one by one

You all have been warned!!!

char1234

5,299 posts

Posted by char1234 > 2020-08-30 16:34 | Report Abuse

yes ...hv also few hundred million contract secured...much much more than current revenue

char1234

5,299 posts

Posted by char1234 > 2020-08-30 16:34 | Report Abuse

that's why the share shoot up

SWX1987

75 posts

Posted by SWX1987 > 2020-08-30 17:21 | Report Abuse

"Today, MSCM will partner KOOP MMA in eMedAsia Sdn Bhd to take Malaysian healthcare into a new era. Millions of Malaysian will have the option to consult physicians via their computers and mobile phones instead of physical appointments, and have prescription medicine delivered to their doorstep in the near future."

If what mentioned above is really happen, then this will be another "hot topic"!!! Glove sales will drop if Covid gone or vaccine is out, vaccine sale will drop if Covid is under control, BUT BUT BUT virtual clinic is the new trend in future!!!

With partnering with KOOP MMA, if the idea is accepted by MOH, then this will be a gamechanger move!!! VIRTUAL CLINIC is a hot topic for recent year and it always cannot be happen because there has no stimulant to create the environment. Our MOH had created a dial-free call during Covid pandemic for citizen to dial for enquiries and it seem like it work. And i believe MOH is moving to create Virtual Clinic so the traffic to hospital will reduce.

Hopefully this is a real project that is going to be happen!!!

char1234

5,299 posts

Posted by char1234 > 2020-09-02 00:24 | Report Abuse

game Shld be over now

Wongmyeg

25 posts

Posted by Wongmyeg > 2020-09-02 17:52 | Report Abuse

can buy lower

mf

29,382 posts

Posted by mf > 2020-09-05 10:18 | Report Abuse

PENTAGON PARADE SDN. BHD. (a substantial shareholder) disposed 23,333,000 shares on 01-Sep-2020.

bojed

5,064 posts

Posted by bojed > 2020-09-06 21:57 | Report Abuse

Interesting look at its MA20.

Keep an eye on a possible rebound. RM2 isn't that far.

char1234

5,299 posts

Posted by char1234 > 2020-09-07 10:35 | Report Abuse

rm 3 stk , rebound to rm 2 ....wow...where to verify this ??

char1234

5,299 posts

Posted by char1234 > 2020-09-07 10:36 | Report Abuse

takeover company must be v v profitable

Pershing

214 posts

Posted by Pershing > 2020-09-08 10:06 | Report Abuse

At the end this co just sell China made lorries, how many co buying new lorries now.

tonite8

1 posts

Posted by tonite8 > 2020-09-08 12:42 | Report Abuse

Time to buy in at this rate.
I think will go up tmr. They diverse their business

calvintaneng

56,885 posts

Posted by calvintaneng > 2020-09-09 20:35 | Report Abuse

Good evening to all fellow i3 forumers

If you are thinking of chasing Mscm please don't

If you know of any friends or relatives who already bought into Mscm please warn them to sell & get out

Earlier this year Calvin saw Gpacket pumped up from Rm1.40 & told all to get out
In spite of my warning they defy me and chased Gpacket to Rm1.60

Then Gpacket went limit down. And limit down to less than 50 sen - trapping many newbies, sorchai, sotong, sardines, water fish & ikan bilis

So will be Mscm

Mscm means

M = Massive
Scm = Scam

Mscm is a Massive Scam

In time past there were others

Transmile - Transfer your smile to cheating directors

Liqua or

Li = you in cantonese'
Qua = sounds like "die" in cantonese

Sumatech = SudaTrap

Now got

Mscm = M assive scam (get out!!!)

Gets (Get Scammed!!)

See my warnings

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2018-07-31...

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-03-13...

Mr Neoh lost Rm5 millions punting stocks like Mscm & Gets

Mr. Ho lost Rm3 Millions plying with fire of con man stocks like now

Mr. Lee lost Rm500K

All lost until they got to run away from ah longs after going bankrupt

PLEASE BE WARNED!!!

vincent555

187 posts

Posted by vincent555 > 2020-09-10 10:22 | Report Abuse

Gloves are oversold because of

1. Oct people must pay loan so now cut back on shares

2. Many are on daily margin calls so got force selling everyday

3. Many in market are newbies and syndicates plus con men abound to scam with stocks like Mscm, inix, ktb and Gets

As they losing so much in scam stocks they sell everything across the board to cover losses

So market now in very confused phase

Great stocks like Hlt are sold down while lapsap rubbish Gets is chased up

Like people throwing gold to grab rubbish

Total madness now !!!

calvintaneng

56,885 posts

Posted by calvintaneng > 2020-09-10 11:10 | Report Abuse

Still got Rm1.00? And don't run

Later 50 sen also hard to sell

Sell now before there is a stampede to sell and get out

calvintaneng

56,885 posts

Posted by calvintaneng > 2020-09-10 13:54 | Report Abuse

Inix pilot just parachuted leaving behind sorchai passenger

Next will be mscm

Leave now before it dive bomb

Live4Tea

144 posts

Posted by Live4Tea > 2020-09-15 22:29 | Report Abuse

SECURITIES COMMISSION MALAYSIA announced new anti corruption plans but this counter's price movement shows that the people here are not even awake for whatever reason. Singapore much better in governance so might as well invest there. 1MDB was only 2.6 Billion whacked. Some of these counters make Malaysia a laughing stock.

Vanbasten

1,266 posts

Posted by Vanbasten > 2020-09-16 11:55 | Report Abuse

Pastor Calvin of mrcb tells you to sell you buy

Vanbasten

1,266 posts

Posted by Vanbasten > 2020-09-16 11:56 | Report Abuse

Must check out INIX.... Very volatile

Vanbasten

1,266 posts

Posted by Vanbasten > 2020-09-16 11:57 | Report Abuse

Poor Mr ho, Neoh n Lee must be parishioners of pastor Calvin

Godofgambler

5,307 posts

Posted by Godofgambler > 2020-09-19 14:23 | Report Abuse

Can be trusted kah thia counter?

Godofgambler

5,307 posts

Posted by Godofgambler > 2020-09-19 14:23 | Report Abuse

Can be trusted kah this counter?

joe79

260 posts

Posted by joe79 > 2020-09-22 13:05 | Report Abuse

cannot

calvintaneng

56,885 posts

Posted by calvintaneng > 2020-09-23 12:24 | Report Abuse

Still want to trust this massive Scam?

Worst than 1mbd and goldman sachs combined

Run now!!!

s123445

272 posts

Posted by s123445 > 2020-09-24 14:14 | Report Abuse

Keep this share as heavy collection is going on around 1.00 by hidden hands

s123445

272 posts

Posted by s123445 > 2020-09-24 14:16 | Report Abuse

MSCM will partner KOOP MMA in eMedAsia Sdn Bhd to take Malaysian healthcare into a new era. Millions of Malaysian will have the option to consult physicians via their computers and mobile phones instead of physical appointments, and have prescription medicine delivered to their doorstep in the near future."

With partnering with KOOP MMA, if the idea is accepted by MOH, then this will be a gamechanger move!!! VIRTUAL CLINIC Our MOH had created a dial-free call during Covid pandemic for citizen to dial for enquiries and it seem like it work. MOH is moving to create Virtual Clinic so the traffic to hospital will reduce.

s123445

272 posts

Posted by s123445 > 2020-09-24 14:21 | Report Abuse

The venture into the supply of vaccines and test-kits will be undertaken by its 51%-owned subsidiary HS Bio Supplies Sdn Bhd, the filing revealed. The remaining 49% stake in HS Bio is owned by MMAG Holding.
According to the filing, HS Bio intends to source the medical and healthcare products from exclusive distributors approved by the Health Ministry (MoH). These products include vaccines, test kits, medicine and supplements.

“In view of the recent pandemic, the proceeds from the proposed private placement will enable the group to have ready funding for HS Bio to source for the much-in-demand medical products such as the Covid-19 test kits, supplements and vaccines upon availability and approval from the MoH, ” MSCM said.

MSCM is also targeting to deploy its own mobile testing facilities for communicable diseases and viruses such as influenza, hepatitis and Covid-19.

MSCM’s strategy for this move can be seen from an exercise it carried out last month. That was when HS Bio acquired a 20% stake in eMedAsia for RM2mil. The deal will see it becoming eMedAsia’s exclusive fourth party logistic service provider to give warehousing services to all eMedAsia’s member clinics and hospitals.eMedAsia is a digital platform started by Kooperasi Persatuan Perubatan Malaysia (KOOP MMA) to enable private clinics to procure medicine, provide telemedicine services and access other healthcare-related services.

KOOP MMA, which is an investment vehicle of the Malaysian Medical Association (MMA), holds the lion share in eMedAsia with a 48% stake, followed by Open Dynamics Sdn Bhd (32%) and HS Bio (20%).

Notably, eMedAsia has on board almost 2,000 registered private clinics out of the total 6,000 in the nation.
The role that MSCM is looking to play is different from that of Pharmaniaga Bhd and Duopharma Biotech Bhd. The latter two pharma giants will be undertaking the “fill and finish” process for the vaccine, which entails the process of filling vials with vaccine and finishing the process of packaging the medicine for distribution.

MSCM is looking to play a role as a key distributor of potential Covid-19 vaccines. It is not without competition though – another listed company gunning for the wholesaling and distribution of vaccines is Apex Healthcare Bhd.

calvintaneng

56,885 posts

Posted by calvintaneng > 2020-09-24 17:02 | Report Abuse

SELL MASSIVE SCAM NOW

THIS PLANE THE PILOT HAS PARACHUTED

SEE

YONG MONG HUAY 21-Sep-2020 Disposed 20,000,000 0.000 View Detail
YONG MONG HUAY 18-Sep-2020 Disposed 1,040,000

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