Looking at the latest announcement on the 17-Sep & 18-Sep, I believe the mgmt is serious to improve the company business and financial status. We have to set aside the Semperit deal which I believe is over. The important to seal the JV deal with JD is important as it will provide a new platform for selling its products in overseas. JD res. has its connection in worldwide marketing as we were told. This will help and improve the sales of original core business products produce by MQT. As per the announcement earlier on the Kibaru deal, we were informed that Kibaru has various rubber & plastic medical products and also deal with some China pharmaceutical companies to market the covid-19 vaccines if it came to realisation. Nevertheless, MQT board in yesterday's announcement that their board is not aware that Kibaru is in talk with a China company potentially supplying of Covid-19 vaccine but did understood that Kibaru has extensive networking on pharmaceutical products in China that may potentially supply Covid-19 vaccine. The key word here is "extensive networking" and "may potentially". Therefore, I believe MQT board will be trying their very best to close the deal with Kibaru. If the deal is sealed, MQT will definitely gain a new milestone and possibility to improve their financial status in near future. After looking at the change of BOD and key persons to run the company, I believe they are very keen to revive back the company. If Kibaru deal is sealed (hopefully soon) and JV with JD Res. can be confirmed (within 1 month time if based on the new announced date), therefore MQT will have a very strong position to market those products not only locally but internationally. Probably at the current price of 15-16sen kind of range, I think the risk is very low for anyone who wish to invest and to see the potential growth of the company in near future. If u have studied into other companies as well, the change of board & mgmt is very important to revive back the company. Hopefully the statement made by me is not wrong and this can only be proven when we potentially see the price movement is on the up trend. Good luck and have a nice weekend.....
Government already announced only Pharmaniaga and Duopharma have the license to distribute covid19 vaccine in Malaysia.
Dont again follow blindly lose making penny stock ride on glove theme again. They will ride on Vaccine theme after that and never materialize.
Genuine vaccine counter only Pharmaniaga and Duopharma.
Genuine glove counter are only :
Topglove, Supermax, Hartalega, Kossan, Ruberex, Comfort, Careplus,Hlt and LKL.
Dont touch other than above counter.
"High percentage of retailer who think they can out-smart the stock market and enter lose making penny stock and dream to become a millionaire, majority will lose big amount of money compare to the retailer who put money on profit making company which share price Rm1 and above counter"
Menort! How abt Bintai.. Can Cut Lost at 80cts or 70cts? Now everybody cannot simply sell goreng pisang.. Only 2 in Malaysia.. Phar and Duop? Menort, Do u hv Any regulation,circular or official letter from govt for confirmation abt this.
stop asking menort advise lorrr..he just copy n paste bad stories to all most active counters to attract people join and push price for his gloves counters..
Agreed with Menort, But if we flash back last time glove counter such as HLT, Care+, LKL, etc also like penny stock. If u realise currently all that counter be the selected and famous counter. Same goes to vaccine counter later on.. as long as make money.
When Menort speak up to cut lost.. The stock bullish just like shit.. Even do not hv any strong fundamental at all. Look at Parkson.. Who bought 9cts..sold above 30cts in same day.. Terus tgn jadi Parkinson.
Trying to get the article in English. This is from the edge.
Now everything make sense right. Majority of penny stock are syndicate link. They conspire to eat the retailer money like no tomorrow.
That the reason sooner or later many newbies retailer will open eye and see the truth that when invest money in the penny stock majority will lose big compare to put money on profit making rm1 and above counter.
Reason is simple lose making syndicate link counter dont deserve retailer money. Company big like the big 4 who work hard to make profit every quarter deserve the money from the retailer.
max by tuesday to touch 0.210/0.235 before retrace then following weeks become stronger to break 0.250/0.305 (before 09.10.2020). If reach, thanks me okay?
Either u drove myvi or aston martin both reach at the same destination. The difference is only the duration.....but aston martin burnt yr pocket more per km...
@starload, for me definitely yes. But please do your own study as well. my comment, from TA side the chart pattern looks good, now at just above UTL as support. still not break the support line. once it rebound it will go higher to next resistance level. From FA side this counter got no fundamental la because its a goreng counter, but it play with news and rumours, do you think the company/operator/syndicate dont want to goreng and make money anymore? 100% sure they will collect and pump and dump again, they just announce extension of another month for the gloves company RTO, so they still want to goreng laa..FYI syndicate also will follow chart pattern or they will make the chart looks good to attract investor before they pump their money in. just dont buy at peak la..on the chart u can draw channel of mqtech price action, then u will know when to buy and when to sell. can use many more indicator to help your analysis.
Operators also want to apply more news to attract adequate innocents to join in this manipulated counter. Otherwise, how could Operators get good profit on hard-earned money from greedy or innocents.
Unfortunately, experienced players earned some money from this game and Operators are not stupid as well :).
Director buy esos at the most cheapest in history of bursa. Esos at 0.032 then sell it at 0.15. How much wealth profit will it make him. Big right. 369% profit !!!.
Retailer buy at 0.145 and sell it 0.15 only 3% profit.
Con counter like AT Systematization issue esos at 0.08 when market price is 0.09 but Mqtech gone crazy issue esos price at 0.032 when market price is at 0.15.
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....
HHHH1919
38 posts
Posted by HHHH1919 > 2020-09-18 22:19 | Report Abuse
Another bintai/solutn? Start to shoot approach to RM 1 .