Market sentiment going to be really bad with election. I am waiting to collect cheap blue chip stocks in Malaysia and US. I will sell all my vivo at 0.055 and not 0.07. Cheers to all
PETALING JAYA: Budget 2021, which will be tabled in November, will be expansionary though narrower than Budget 2020, with economists projecting a budget deficit of 4% to 6% next year.
The government, they said, would need to revitalise the economy with appropriate measures due to the uncertainties arising from the Covid-19 and the weak global economy, which has caused many nations to fall into recession.
The World Bank expects Malaysia’s fiscal deficit to gross domestic product (GDP) to widen to 7% this year, underpinned by increased expenditure and downward pressure on revenue. The government, however, expects the fiscal deficit to be at 5.8% to 6% this year.
Economists expect the government to look into some core areas to ensure Malaysia is on the right track to achieve economic sustainability post-pandemic.
Socio-Economic Research Centre executive director Lee Heng Guie told StarBiz that the federal government is torn between managing a tight fiscal space and keeping the country’s sovereign rating intact.
"In our view, the government should go for another year of fiscal deficit targeted at public spending and programmes as well as the provision of tax incentives and allowances to boost private investment, creating jobs and income.
KUALA LUMPUR : With Budget 2021 and the 12th Malaysian Plan around the corner, the time may be ripe to accumulate construction counters, says Kenanga Investment Research.....
This stock is for the Tukang Nasib. Just hope the Sharks are not finding this exercise as an opportunity to offload to the unsuspected Retailers. Hopefully, this con company has some kind of Big Plans for their 10:1. Best announcement will be 'GLOVES'! All these stories about Telco & Construction has been more of a scam for years. Get Order Book, than cancel, than waiting for receivables, than RI, than Bonus Issue rewarding share holders, than...... The list can go on.
Question is why 10:1 consolidation? What's Big going to happen in the company's progress. No joke if you're consolidating to that extent. If tak da than stop dreaming..
Very good positive analysis to balance up the stock market so that more people are aware that it's all controlled in stock market, you can almost never win big in this financial tool by the elites to drain your money since hundreds of years ago. As the saying goes 'don't reinvent the wheel'.
Let's share my thoughts as well since it's already months back on my last prediction posted here. Once consolidation happens, brace for more corporate news especially bonus issue or rights issue. Why?
In an event where insider holders not able to let go of their shares prior to consolidation, they are stuck with huge number of shares. And they will be subjected to the falling knife after consolidation similar to any other non-insiders. Which means the impact to them is greater than non-insiders since the wipeout in their share value is way bigger than any of the individual non-insiders.
Hence to counter this, I can think of bonus issue to recover back in terms of shares, or call for rights issue to recover back in terms of cash. The bonus issue option requires more planning as it need to involve more steps in the plan, but the rights issue option is pretty straightforward and easier. Probably there are more options as the insiders are the master of the game, not you, not me or not any other big non-insiders.
Anyway, looking at this Vivocon's historical modus operandi (also check its brother EAH for some insights), brace for big wipeout of your share value. May god and the universe bless us all.
In the first place this company doesn't even have a solid reason to do 10:1 consolidation. Why do you want to make your stock so expensive unless you're having something good at the back coming up. So what's up? If it's not 'Gloves' than sorry loh!
Sharing my thoughts on the 10:1 consolidation which is taking effect this Nov 3 and the history of recent companies that had undertaken the same path .... it really doesn't look promising. Seems like the saying rings true, it has MORE ROOM TO DROP now (post consolidation) as the price becomes 45c instead of 4.5c. Though many might disagree (as the valuation still remains the same post consolidation), but market's (retailers) perception/mindset could be different "45c is deemed expensive as compared to 4.5c" ... if they viewed it just on the absolute stock price itself.
I won't be surprised if the stock is sold down (possibly to 2c and back to square one) prior to Nov 3.
the exndate is 2/11, about 2 weeks time, I agreed with you that there is more room to drop as people dont want to go through the uncertainty after Ex date, the selling pressure already started , lets see how it fair tomorrow n beyond
It's very high chance to be a lost cause for those who hold. We need to advise newcomers not to bought into this trap.
For anyone new thinking to buy this counter, just a little bit of your effort in research can help to protect your money. There are much better counters out there, not sure why anyone would look here. Feel sad for those in klsescreener.com who bought into the technical analysis trap by Ronnie.
Siva68 In the first place this company doesn't even have a solid reason to do 10:1 consolidation. Why do you want to make your stock so expensive unless you're having something good at the back coming up. So what's up? If it's not 'Gloves' than sorry loh!
Siva68, no need any reason. It's just another normal thing in the game by the game masters. Need to remember that stock market is one of the financial tool/trick by the minority elites to drain the majority's money since centuries ago. You enter the game, you play by the rules however unreasonable it is.
Eg. consolidation can 'magically' increase Net Asset Per Share NAPS from 0.08 to 0.80
Post consolidation when the price drops back to 0.045, people would say this share is having a big discount to its NAPS (Share Price 0.045 of NAPS 0.80). But in fact it's because of past consolidation, see the magic here?
Reference below from the proposed share consolidation document: From financial statement perspective, the Proposed Share Consolidation is expected to increase net asset (“NA”) per share of Vivocom together with its subsidiaries (“Vivocom Group” or the “Group”) without affecting the total market value of Shares and Share capital, and shareholders’ shareholding structure of the Company. Premised on the above, the Board considers the Proposed Share Consolidation is in the best interest of the Company.
Mr Tralala, negative comments I think mostly is to deter people from buying into this share. Also to point out to existing holders of historical data. Without these comments, I believe the majority will simply invest without even a single effort of research.
Decision still your call. Hard to say what is the right action because the invested amount is different for individuals.
Hello liegelord, sorry but I have to be negative here to deter people buying into this stock. We always think minority have no power, but that is a trick for us to think we are powerless.
At least we still have the power to advise newcomers from buying! Forget about hoping for the best now, if you are not selfish please join in the negative comments hahaha..
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....
Alfonso
3,116 posts
Posted by Alfonso > 2020-09-28 09:39 | Report Abuse
shark is playing the game already