IF some of you have the time, you may read through the entire passage carefully and analylize the download.
In the last sentence: "He is the co-founder of and director of Finwise Counsultancy Son Bhd , a prominent firm specializing in Corporate Finance, "Merger" and acquisitions.
In the last sentence, would it mean that there would be a coming future merger that the newly appointed Principal Officer is there to standby for the task ? I just wonder.
(Just my personal opinion. Not a buy or sell call.)
I don't think Mr. Liew Choon Lian bought a controlling stake of more than 52% in Systech for nothing. There should be some plans behind his minds that nobody yet knows of. Just take a review of the following changes in Systech :
Recent reshuffling (from 25-10-2023 to 01-11-2023) Step 1 Changes of Boardroom; Step 2 Changes of Remuneration Committee; Step 3 Changes of Nomination Committee; Step 4 Changes of Audit Committee; Step 5 Changes of Principal Officer; Step 6 What next ?
1 week ago it stand above MA20, but today it break the support dy, operator nowsaday very cunning, not easy to make money in malaysia market. Im not the guru, im just a ordinary investor here to share my point according to the techinical chart. I sold the share just now. If you all think is worth to keep, go ahead because that is your decision and money, there is no right or wrong. I dont earn anything if u make profit, lol.
To be honest with you also, if not because of Mr. Liew Choon Lian 's major controlling stacks, I think many would not be bothered about this stock.
I invested some shares in Systech and hopefully Mr. Liew would inject part of his assets into this company.
I have the feeling that Mr. Liew would sooner or later revamp Systech to be a better stock with much brighter prospects. The only thing is that I don't know the exact timing in this regards, but I have the patience to wait.
From the chart of view , it might go further to 0.465 or 0.43, then it will have a rebound. Thats y i sold first, and wait for the retrace is over then i might consider to buy again to gain some profit of rebound.
this share has rose since sep2022 as low as 15sen , and go as high as 62sen last month, it is abit risky if it fall below MA20, the rally might end anytime
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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....
fregend
533 posts
Posted by fregend > 2023-10-23 15:40 | Report Abuse
Sell on news careful