Posted by stockraider > Dec 12, 2021 10:26 AM | Report Abuse X
Betul loh...better becareful do not get caught loh!
Let Raider explain how Fintec Gang kon u loh!
And how u can spot the kon loh!
LU TAU BOH ??
This fintec people do not know...how to run business well....their objective is to play the stock market and operate their stock to kon people loh!
If their stock operations are not successful....their next objective to strip the company for cash or strip its other listed for cash to bail them out loh!
For example U will notice that Netx will buy into mlabs loh!
And fintec will buy into netx & so forth loh!
Where is the promise of Running Netx as the next Alibaba, Amazon, Alibaba, Facebook, Grab and tencent leh ?
It can never be mah!
Bcos this people do not know how to run real business well for profit mah!
The best they can do is to cook up very sexy stories like when GRAB is successful, they will come up with Gemsports loh!
When Gloves is successful they will come up with AT loh!
The strategy is to entice u to get trap in their share mah!
Even if the stock that has huge undervaluation and Cash Rich like NETX with net cash more than its share price, it does not help loh!
Take for example for NETX....they bought up some of retail units in SG WANG Plaza for only token Rm 1................but after taking over the company.....NETX need to come up with millions & millions to settle the companies owing...b4 they can lay hands to any vacant retail lots mah!
So effectively...it is a bailing out of its cronies loh!
Last I checked NTA was 0.18. Last 4 quarters profit combined was MYR 38 m vs MYR 30 m FYE 31/05/2021. Going very strong, expect another strong quarter ending Nov 2021. I think we have a good possibility of nice dividend payouts even if share price don't move too much. So, I have continued to buy between 0.39 to 0.40. No worries...
Frozen like a mummy. Definitely no one is interested in this counter for the time being. Volume is tremendously low. No big funds, only retailer holding.
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....
Kingbeast
649 posts
Posted by Kingbeast > 2021-12-12 11:48 | Report Abuse
Guys, if glove stock go down, will esceramic follow suits?
But ice cream not gloves wor.