The Chairman (Father) is disposing his shares to his son since the latter is running and helming the biz now.
So it is a natural progression and succesion to the company.
Look at Hai-O as examples...............all this years the father Tan Khai Hee is helmin g the company conservatively and after passing the baton to his son............the company starts to growth aggresively and so does the results.
Hence the stocks from 2.40 improved to 4.99 before announcing bonus. After ex-bonus recently at around 3.20.........it goes up to 3.96 before settled at 3.85 yesterday.
sometimes don't know how to explains.............look at the selling by father to son since he is relinquishing his helm to him. So the selling is healthy and nothing to worry about.
This change of hand at the Management is good signs for more good things to come.
Company with similar change of baton are Hai-O and you research back their stocks price surge before and after the changes.
I do believe when the time come, the stock will rally.
The EPS from 0.36s jumped to 1.19s, ie 3 times increased in just 3 months ! Now it is time to buy Karyon. Do not miss this golden opportunity to enjoy the uptrend .
2016 Dec 6 months ago share price 0.17 . Highest 0.30 = 76% gain If boss sell his stock around highest point it means result is not as expected to push price higher. Mean it might still be good result but the price is overvalue.
ya, me 2, prev 2 days i tot it's due 2 mkt sentiment even tho it went down into d bearish zone of d boll band...but looks like got somethg wrong thr coz some1 kept selling...i also cut loss
Further to that, the company have so much retained earning to announced a 1 for 5 bonus in my opinion and didn't even eats much into their coffers and also doesn't increased the shares based too much.
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....
Louischiok
17 posts
Posted by Louischiok > 2017-05-02 23:11 | Report Abuse
Loh family Selling even more before quarter announcement today ... still not yet super panic because fundamental looks good.. else very worried ....