0098 BAHVEST, BORNEO AQUA HARVEST BHD \ - \ + \ BAHVEST - Unusual Market Activities 14 Mar 2018, 14:37 BAHVEST - Unusual Market Activities BAHVEST - Unusual Market Activities ILC-14032018-00001 Bursa Malaysia Securities Berhad has on 14 March 2018 issued an UMA query on the sharp rise in price of the Company?s shares recently. In this respect, investors are advised to take note of the Company?s reply to the above UMA query which will be posted at Bursa Malaysia?s website under the company announcements, http://www.bursamalaysia.com/market/listed-companies/company-announcements/ when making their investment decision. The contents of the UMA query is as follows:- We draw your attention to the sharp rise in price of the Company?s shares recently (?trading activity?). In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with Rule 9.11 of ACE Market Listing Requirements ("LR"):- 1. whether there is any corporate development relating to your Group?s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decision; 2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Rules 9.09 and 9.10 of the LR; 3. whether you are aware of any other possible explanation to account for the trading activity; and 4. whether you are in compliance with the LR, in particular Rule 9.03 of the LR on immediate disclosure obligations. Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK. VICE PRESIDENT, ISSUERS You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access
3. Whether you are aware of any other possible explanation to account for the trading activity; and
~ The construction of the gold mining processing plant is near completion and Bahvest Group is expected to start producing gold by the 2nd quarter of calendar year 2018 as mentioned in the last quarterly report as at 31 December 2017 and it’s also consistent with the disclosure in our circular to shareholder dated 17 July 2017.
IPOH (March 15): The ringgit is expected to surge to 3.80 against the US dollar in the near term, Datuk Seri Najib Tun Razak said.
The Prime Minister said his optimism emanated from positive indicators like the nation's strong economic performance, as well as the country's export value of more than RM80 billion in the first quarter of this year.
"Our currency yesterday dropped slightly to 3.90 from 3.89 (against the US dollar). InsyaAllah, in the near term it may rise to 3.80.
“In terms of currency value, ours is among the best performing currencies as several months ago the ringgit had weakened to 4.49. But it will surge to 3.80 soon," he said when addressing the Prime Minister’s Budget 2018 with People-Civil Servants programme attended by over 5,000 people, here today.
This is the fourth edition of the programme in Najib’s quest to share the country's success stories and explain various government policies that had been and will be implemented.
Najib was greeted on arrival at the Allied Health Sciences College, Tanjung Rambutan near here by Perak Menteri Besar Datuk Seri Dr Zambry Abd Kadir and State Secretary Datuk Seri Abdul Puhat Mat Nayan.
The Prime Minister described the rating affirmation of three international bodies, namely Fitch, Moody’s and Standard & Poors on the government administrative capability recently as not an ordinary recognition.
He said the three international rating agencies had visited the country to carry out an in-depth study in terms of facts and figures before affirming Malaysia ratings at ‘A’.
"Our country ratings was affirmed at ‘A-’, Singapore may be higher but we are in Group A, (while) Italy at B, Greece was worse, Russian at B. So, if people said we will go bankrupt, it is just common sense that Group B will go bankrupt first. How can A go bankrupt before B.
“During the Asian Financial Crisis in 1997, our reserve was at US$20 billion, but the bankrupt story did not surface then. Now our country’s reserve stood at US$103 billion, a five-fold increase from before," he said.
He said the value of national loans against Gross Domestic Product also declined from 54 per cent to 50.8 per cent.
First target price going to reach 1.50,second TP 2.00,once production starts on 2nd quarter, then foreign investors invest and local big institution go in then you cannot expect the TP will be flying..
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....
Cannon King
178 posts
Posted by Cannon King > 2018-03-14 10:47 | Report Abuse
Everyday I hear ppl tok about this counter.. where is the gold ? everyday korek only..more like clearing forest rather than digging for gold..hahaha