KUALA LUMPUR (Apr 29): Bursa Malaysia has queried Vsolar Group Bhd on the latter's unusual share price movement and stock volume rise.
Exchange operator and regulator Bursa Malaysia's unusual market activity (UMA) query came after solar energy entity Vsolar's (fundamental: 0.6; valuation: 0) share price more than doubled this year.
Over the last six months, Vsolar had risen to an intraday high of 46 sen last Wednesday (April 22) from a low of 10 sen on January 6 this year.
Today, the second most-active stock on the bourse fell as much as 2.5 sen or 10% to 22.5 sen. The shares cut losses at 23 sen for a market capitalisation of RM283.8 million at 11.47am with some 41 million units transacted.
At 23 sen, Vsolar shares had risen 109% this year, outperforming the FBM KLCI's 5% gain.
Bursa Malaysia told Vsolar: "We draw your attention to the unusual price movement and rise in volume of your company’s shares recently."
Vsolar had not responded to Bursa Malaysia's UMA query at the time of writing.
Last week, Vsolar said it had signed a collaboration agreement with Japan-based solar energy specialist Eastasia Group Co Ltd.
Vsolar said the deal enabled the company to capitalise on Eastasia's industry expertise. Vsolar said Eastasia's expertise would help the Malaysian entity grow its solar energy operations.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
as anticipated 2 days ago, there is still a strong downtrend movement despite the false uptrend that was showing yesterday.. this counter will settle firmly at 0.20-0.22.. best choice now is to cut loss while you can since many retailers got caught before the storm
stoptakingmyusername as anticipated 2 days ago, there is still a strong downtrend movement despite the false uptrend that was showing yesterday.. this counter will settle firmly at 0.20-0.22.. best choice now is to cut loss while you can since many retailers got caught before the storm 30/04/2015 10:00 -----------------------------------------------------------------------------------------------------------------------
Before your cajoling sell-call (@0.25) ink is dried,the price jump ANOTHER STEADY STEP UP to 0.265-0.27.
Unless you are TOTALLY "INSIDER KNOWLEDGE" on the SHARK manning this counter, or you are TOTAL EXPERT on the charting, your careless-call may CAUSE confused bilis-bilis substantial life savings...
REMEMBER bilis-bilis are easily affected by the type of reason you pushed above?
Dont you ever consider the chart possibilities there may be another big SHARP SHARK PUSH BACK from from 0.22 to 0.42 may-june---another ADDITIONAL MONEY_MAKING round for the OWNER/SHARKS?--go spend the NEXT 4 OFF-DAYS to study ALL the OLD CHARTS OF VSOLAR ....for the sake of many inexperienced bilis-bilis around here.
I do a little fishing some time with plastic or metal lures. Predatory fish like snakehead, ikan haruan and peacock bass love to chase after small fishes are their prey. So they also mistake fast moving objects like plastic frog, metal fish as food because we are realing them in as though they are alive.
Because "FAST TRACK" SOLUTION Looks Like Moving It Gave Excitement to another "Kind of Fishes" Chasing Them. These are "ikan bilis, water fish and sotong"'
This post is educational in purpose and not intended for offense.
Good news. AGM to be held on 28 May 2015. So those losing kaw-kaw can attend the AGM and express whatever unhappiness that you want to say. Let them kena kaw-kaw
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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....
dfsbipohsch
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Posted by dfsbipohsch > 2015-04-29 14:18 | Report Abuse
KUALA LUMPUR (Apr 29): Bursa Malaysia has queried Vsolar Group Bhd on the latter's unusual share price movement and stock volume rise.
Exchange operator and regulator Bursa Malaysia's unusual market activity (UMA) query came after solar energy entity Vsolar's (fundamental: 0.6; valuation: 0) share price more than doubled this year.
Over the last six months, Vsolar had risen to an intraday high of 46 sen last Wednesday (April 22) from a low of 10 sen on January 6 this year.
Today, the second most-active stock on the bourse fell as much as 2.5 sen or 10% to 22.5 sen. The shares cut losses at 23 sen for a market capitalisation of RM283.8 million at 11.47am with some 41 million units transacted.
At 23 sen, Vsolar shares had risen 109% this year, outperforming the FBM KLCI's 5% gain.
Bursa Malaysia told Vsolar: "We draw your attention to the unusual price movement and rise in volume of your company’s shares recently."
Vsolar had not responded to Bursa Malaysia's UMA query at the time of writing.
Last week, Vsolar said it had signed a collaboration agreement with Japan-based solar energy specialist Eastasia Group Co Ltd.
Vsolar said the deal enabled the company to capitalise on Eastasia's industry expertise. Vsolar said Eastasia's expertise would help the Malaysian entity grow its solar energy operations.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)