This is as big and good of a news as you can get! Uplisting to main board opens up doors to more foreign investments and institutions, and most of the time results in much higher trade volume and liquidity. This move signifies confidence of the company management about its upcoming revenues and future directions. Expect a gap up. If the price doesn't move much, it is clearly manipulation and in the long run, the longs will win! Future is bright!
@sitia smart investors would not wait until the proposal is approved to buy. The company would not submit such a proposal if they're not confident that they'll get approval as this kind of proposal has a high admin fee.
It is an unpolished gem .... we could see many smart investors with good track record like TS ChuaMY , coldeyes , iCapital TTB are on its major shareholder list besides EPF.
Last Thursday announcement of proposal to main board, last Friday dividend ex-date. Traders started the sell off starting Friday, finished yesterday. Smart and big investors should start accumulating soon in anticipation of future news :)
aiya now election coming soon. if im big investor me also lari kuat kuat lah. but what i see is tis stock now wont drop below 0.695 and bounce easily if 0.69-0.7. see can stable in 0.740 or not.
Usually I received dividen cheque by post from other stocks but these few days I checked my mail box and still not received divide cheque from this stock
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sitia
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Posted by sitia > 2017-12-07 17:55 | Report Abuse
What is the benefit to transfer to main board?