No TP, unrated stock... Unless they announce found gold in the JV. Then TP is RM2 and up...haha. fishery company become gold miner..after 3 yrs JV still no news!
This stock had been on sideways consolidation since Sept 2014. It started to outperform the KLCI Index since 26/10/2015. It tried three times to breakout of the immediate resistance of RM 1.00...but did not succeed. Recent correction is almost over. Looks like it is starting to attempt to breakout for the 4th time. Based on chart patterns, it will most likely succeed on its next attempt..
Given that the share price went up before suspension, my guess is something good is happening.
Yes, possible JV or M&A or, I am guessing, positive results from their operations.
I can only make a guess, on the 2 things that BAHVEST is doing:
1) Maybe have good news on rearing fish till big resulting in significant increase of revenue/profit. All these while telling us profit/revenue poor as change in policy to rear fish till bigger.
or, which is a better reason for suspension,
2) They were venturing into gold mining....maybe a BIG gold deposit find.
@Erik don't worry bah, it will resume trading at next week. The company request for suspension but not kena bursa UMA. dont worry. they just same something pending about "material announcement". don't what announcement, maybe "goldmine". don't worry this counter will fly. I got internal news. http://www.bursamalaysia.com/market/listed-companies/company-announcements/4924149
BAHVEST easily broke out of down trend resistance of 1.03 and closed at 1.19 prior to suspension. It effectively ended its sideways consolidation today. WILL GO MUCH HIGHER..
Looks like the owner made another RM100mil by flipping his private company (Registered only recently July-2015) into Bahvest..eith promise of gold mine.what do we get as a minority shareholder? Wondering how much those gold really worth? Tough mathnto work on..
Someone forwarded me the "leaked" 3rd party expert report. It's confirmed that the minerals in Bukit Mantri areas comprised of Gold, Silver and Copper!! The gold and silver minerals resource have more than 250,000 Ounces (au) and 700,000 au respectively.
However, i'm not sure the volume is consider a lot or less as I'm not the expert for this industry.
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....
GoLucky88
16 posts
Posted by GoLucky88 > 2014-09-26 06:45 | Report Abuse
1.25 or 1.30???? Some investment house like Sabah Securities Edy cut lost at 1.02