KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.
In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.
ESOS Details of corporate proposal Shares Issuance Scheme No. of shares issued under this corporate proposal 90,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0225 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 1,471,215,831 Issued Share Capital ($$) Malaysian Ringgit (MYR) 99,117,059.650 Listing Date 21 Nov 2023
========== Directors get to collect more fund via shares issuance to ESOS Employee get to sell for instant profits Retail shareholders equity % get more diluted.
NOSH keep increasing toward 1.5 BILLION shares Be aware that directors have power to propose shares consolidation if NOSH become too huge and difficult to handle more fund raising
Kuala Lumpur, January 15, 2024 — Leform Berhad, a prominent Malaysia-based company specializing in the manufacturing and trading of steel products, is gearing up for a stellar financial performance in the upcoming quarter ending February 2024.
The company, with a diverse product range encompassing round steel pipe, cold rolled pipe, hollow section pipes, cold-drawn pipe, and steel plate slit coil, has positioned itself as a key player in the steel industry. Leform Berhad serves a wide array of end-user industries, including furniture, construction, automotive parts manufacturing, and telecommunications tower pole part manufacturing.
Sources close to the company suggest that Leform Berhad's strategic initiatives and robust business model are expected to yield exceptional financial results for the first quarter of 2024. The positive outlook is attributed to several factors, including increased demand for steel products in both domestic and international markets.
Leform Berhad's subsidiaries, engaged in the manufacturing and trading of steel pipes, guardrails, and flat steel products, contribute significantly to the company's overall strength. The company's processing facilities, based in Malaysia, are known for their efficiency and advanced technology, ensuring high-quality products.
Despite challenges in the global economic landscape, Leform Berhad has demonstrated resilience and adaptability, continuing to export its products to international markets such as New Zealand, Singapore, and Cambodia. This global reach has played a pivotal role in diversifying the company's revenue streams and enhancing its competitiveness.
Industry analysts and experts are optimistic about Leform Berhad's upcoming financial results, citing the company's strong market position, diversified product portfolio, and a customer base that includes building material and steel trading companies, as well as manufacturers and contractors.
Investors and stakeholders eagerly await the official announcement of Leform Berhad's Q1 2024 financial results, expecting the company to showcase its financial prowess and further solidify its standing in the steel manufacturing and trading sector. The official release of the quarterly results is scheduled for mid-February 2024.
BUY LEFORM U GOT BETTER ROI!!! THIS WEEK ABOVE 0.5 0.5 0.5!!!
Details of corporate proposal Shares Issuance Scheme No. of shares issued under this corporate proposal 49,600,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0225 Latest issued share capital after the above corporate proposal in the following Units 1,520,815,831 Listing Date 17 Jan 2024
Me and lge say this stock got ong ah,huat ah. Price 2.5 cents 9/2/24 8.20pm Buy call mqtech 2.5 cents. Tp 3.5-4.5 cents For those only with winning money 10/12/23 12.17am
Most companies achieved handsome results recently and tech stocks rallied. BOD should be sacked or rewamped if the company continue to be underperformed in order to boost investors confidence on MQtech business strategies !
FINTEC is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 31 Jan 2023.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
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....
Mohd Qadri Abdul Rani
105 posts
Posted by Mohd Qadri Abdul Rani > 2023-10-18 12:43 | Report Abuse
Berjanggut mau tunggu