external keep buying means something big is cooking..
13-Aug-2020 Insider CREDIT SUISSE GROUP AG (a substantial shareholder) acquired 671,400 shares on 11-Aug-2020. 12-Aug-2020 Insider CREDIT SUISSE GROUP AG (a substantial shareholder) acquired 394,900 shares on 10-Aug-2020.
The final hour slump in index link stocks was mainly due to institutional funds restructuring and rebalancing portfolios which on September 1 , kossan and Supermax will be included in klci constituents stock that subsequently dragged down many others second and third liners stocks to falls deeply . Next month onwards looking forward to 3rd quarter improvement favourably .
Calvintan, you are singing Netx since few years ago and the price keep increase from 6 cent to 1. 5cent now, so, many people already get rich by your call
07-Sep-2020 Insider CREDIT SUISSE GROUP AG (a substantial shareholder) acquired 296,800 shares on 03-Sep-2020. 07-Sep-2020 Insider CREDIT SUISSE GROUP AG (a substantial shareholder) acquired 3,600 shares on 03-Sep-2020. 07-Sep-2020 Insider CREDIT SUISSE GROUP AG (a substantial shareholder) disposed 70,200 shares on 03-Sep-2020.
Muhyiddin: Microsoft, Amazon and Google keen to develop Malaysia into regional IT hub JOHOR BARU, Aug 15 — Global technology giants Microsoft, Amazon and Google have shown interest in together developing Malaysia into a regional hub for information technology, says Tan Sri Muhyiddin Yassin. The prime minister said representatives of the major tech firms expressed their interest at a meeting with him recently. I think many have shown their interest in helping Malaysia. Recently the leaders of Microsoft, Amazon and Google met with me expressing their readiness to be involved in the process of developing Malaysia in the IT and other fields to make Malaysia a regional centre. But first, to make sure, does our country have the best connectivity? The main issue usually raised is lack of access. Our Internet is not efficient,” he said at a town hall session with state and federal civil servants in Johor here today. Muhyiddin, who is also Pagoh MP, also said Malaysia has not achieved a competitive level of Internet connectivity, citing the example of a schoolgirl in Sabah who had to climb a tree to get good Internet access. He said while the government’s commitment to improving its Internet connectivity is already there, the time has come to step forward to expand access. In June, Universiti Malaysia Sabah (UMS) student Veveonah Mosibin, 18, of Kampung Sapatalang in Pitas, Sabah uploaded You Tube videos of her spending the night in a tree to get better Internet access for her online university examinations. The videos have since been viewed over 150,000 times.
ASTUTE market observers would have noticed on the local bourse a group of individuals, supposedly acting in concert, who have amassed shares in more than 20 publicly traded companies. These companies — linked via shareholding and directorships — are often on the most actively traded list, with huge, fluctuating share prices. “It (the companies) is all linked to the same person; usually, the most actively traded list on a daily basis involves these counters,” one source says when asked which are the companies that are linked. However, research by The Edge (see chart on the 21 companies) indicates that while other businessmen have surfaced, the individual said to be in control of the group of companies is not officially onboard or present as a shareholder.
“This [his not surfacing] could be due to several issues,” another source adds. It is also telling that nine of the 21 companies mentioned — AT Systemization Bhd, MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd and NetX Holdings Bhd — have their principal place of business, head office, business office or corporate office in Menara Lien Hoe, near Tropicana Golf Country Resort in Petaling Jaya. On its website, Lambo Group Bhd states that its address is at Menara Lien Hoe, even though the address in its annual report is in Old Klang Road in Kuala Lumpur. In 2006, Lien Hoe Corp Bhd sold Lien Hoe Tower Sdn Bhd, which owns Menara Lien Hoe, to privately held E-Globalfocus Sdn Bhd for RM1 and the assumption of RM43 million in debts.
Meanwhile, E-Globalfocus was 68%-controlled by Cubes Innovative Sdn Bhd, a company 99%-controlled by Chuah Hock Soon. Chuah and businessman Datuk Kenneth Vun @ Vun Yun Lun were charged with four others in July 2014 for allegedly manipulating DVM Technology Bhd shares in March 2006. Vun has had several issues with the Securities Commission Malaysia and, in 2009, had to restitute RM2.496 million — being the amount of company funds that he had caused to be misused for his personal benefit, according to the regulator — to his then flagship FTEC Resources Bhd. Since FTEC — which morphed into Tecasia Bhd and later Mangotone Bhd — was delisted, Vun has had little direct presence in the market. However, Vun’s two sisters, Carol Vun On Nei and Grace Vun Siaw Nei, hold stakes of 3.64% and 0.67% respectively in Xidelang Holdings Ltd.
Fragmented shareholding While Fintec Global seems to be a prominent company at the centre of the maze, its shareholding is fragmented, with several blocks of shares parked under Sanston Financial Group Ltd. In several of the 21 companies on the list, Sanston Financial is present in the shareholding list. Other companies that surface as shareholders in these list of companies include Global Prime Partners Ltd and Cita Realiti Sdn Bhd, a private company wholly-owned by one Kamarudin Khalil. Other shareholders, albeit usually holding small stakes, among the 21 companies include Datuk Jacky Pang Chow Huat — who, apart from a 11.84% stake in Sanichi Technology Bhd — has small stakes in DGB Asia Bhd, Focus Dynamics, MNC Wireless Bhd and Xidelang. Pang is also a director in Sanichi Technology. Meanwhile, businessman Mak Siew Wei has 23.4% in AT Systemization, 17.07% in Green Ocean Corp Bhd and small stakes in Focus Dynamics and Xidelang. He is also a director at AT Systemization, Green Ocean and Saudee Group Bhd.
Datuk Eddie Chai Woon Chet recently acquired a 62.37% stake in restaurant operator Oversea Enterprise Bhd, and has a 6.71% shareholding in Anzo Holdings Bhd, where he is managing director and has a board position in M3Technologies (Asia). Another name frequently seen is Datuk Kua Khai Shyuan, who, besides a 5.9% stake in mTouche Technology, has small shareholdings in Focus Dynamics, PDZ Holdings Bhd and Sanichi Technology, and has board seats on Trive Property Bhd, DGB Asia and MNC Wireless. Former Umno treasurer and former Bank Simpanan Nasional Bhd chairman Datuk Abdul Azim Mohd Zabidi surfaces as a director in four of the companies — Fintec Global, DGB Asia, Anzo and XOX. Most of the companies are loss-making and small in terms of market capitalisation, with the exception of Focus Dynamics, which has a market value exceeding RM5 billion. Nevertheless, Focus Dynamics, which is involved in operating food and beverage outlets, seems to be the star performer, with its stock price hitting a multiple-year high of RM2.64 recently on Sept 17, despite mustering a meagre RM3.08 million in net profit from RM20.72 million in revenue for its six months ended June this year. Year to date, Focus Dynamics stock has gained about 400%.
Irrational exuberance Trading volume on most of the 21 companies is generally high, and many have .......
Fast run ! Same syndicate control, now come out with a lot of pattern, whatever facility in Bursa the syndicate will take the opportunity for their advantage, the below announcement from BURSA:-
FOCUS PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 1 EXISTING ORDINARY SHARE IN FOCUS INTO 3 SHARES ("PROPOSED SHARE SPLIT")
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kekw