Actually this is expected for profit taking flushing collecting at cheaper same name Is that healthy? Of course . If continue going without break That worry me . But a little gostan Will relive the tyre pressure . Uptrend intact as per technical I believe Do you believe
WoW !! seems like a lot of innocent investors with their sweat and blood money got ripped off here. By the way they play it looks like their intention is to push down eduspec like no tomorrow.
I reckon it is another NETX in the making. They put up a lot of exciting story about its future growth and hence revenue. But it somehow smells fishy. Raise RM 60 m through 600m RCPS shares.
If you look at the annual revenue and P/L for the past few years.
1) Annual revenue is less than RM 60m 2) Has been losing money for the past few years 3) Increase share by 60% will dilute the shares further thus eps. 4) Malaysia is still a long way before it can implement industrial Revolution 4.0.
We are still debating on how many foreign workers to import. Most Industries in Malaysia are still labour intensive and hence we need cheap foreign workers. The artificially inflated minimum wage will only worsen the local labor force participation. Employers will not hire local as a first priority as foreign workers willing to work cheaper and longer hours. What are our main exports? Palm oil, semiconductors, furnitures and so on.
These industries are labour intensive and will not be automated any time soon. Look at what China is doing with AI and robotics with their industry 4.0. To gast track their IR 4. Chinese companies have been buying Western Robotics companies like KUKA and Dematic as part of their Global technology acquisitions. KUKA is one of the top 4 robotics player in the world.Look at the report below.
Moreover recently has already put into implementation the Greater Bay Area covering 11 provinces includes Guandong, Hong Kong, Macau and eighht others. The combined population is 68 million and the projected GDP generated by 2030 is about USD 30.4 trillion. See below.
The Greater Bay Area is going to be a metropolis of High Tech with million of scientist and is going to eclipse Silicon Valley soon. So, ow can Malaysia compete while Singapore is already shivering.
In short, Malaysia's IR 4.0 is a non-event until we get rid of our reliance of cheap foreign labour.
Atarah our entry price is lower so l think don’t have to worry so much, it’s normal for profit taking to take place after 2 or 3 days of price upwards. The fundamentals of the company is still good and they are making profits for the 2 last quarters .
Eduspec tops Bursa active list ahead of shareholders meeting August 08, 2019 11:41 am The Edge posted 2 hour ago after the break
KUALA LUMPUR (Aug 8): Eduspec Holdings Bhd's share price rose as much as one sen or 15% to 7.5 sen this morning ahead of the company's extraordinary general meeting (EGM) tomorrow, when shareholders are expected to vote on matters including the group's proposed diversification and bonus issue of warrants.
At 10:31am today, the education technology solutions and services provider's shares traded 0.5 sen higher at seven sen with some 77 million units transacted. Eduspec was the most-active stock across Bursa Malaysia.
Tomorrow, Eduspec will seek shareholders' approval for the company's planned diversification involving the development and operation of an edutainment theme park, according to the EGM notice.
The EGM notice also indicated that Eduspec will seek shareholders' approval for its planned bonus issue of up to 550.91 million warrants on the basis of one warrant for every two existing shares held.
Yes Dusana ... not many company that generous... because Edu Spec want to give free warrants to all teachers out there too beside us. When I go back Malaysia for holiday . I will try to attend one free or paid adult class of Edu Spec Programs.
If not I will suggest what about adult class or teachers retraining program on AI , ROBOTIC in Edus Spec
For some us of we hold a bit longer until FREE Warrants on hand unless suddenly limit up beyond my expectation. Anything go now from here. Half a day more to AGM and EGM
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....
kasrim
2,493 posts
Posted by kasrim > 2019-08-08 12:40 | Report Abuse
dont panic.. got extra cash.. topup.. last time i buy knm at 8c.. i sell at 18c.. but see now..how much?