Pada 14 Mac 2020 jam 12.00 tengah hari, sebanyak 41 kes baharu jangkitan COVID-19 telah dilaporkan. Kesemua kes baharu yang telah disahkan ini adalah dari kalangan patient under investigation (PUI) (37 kes) dan kontak rapat kes COVID-19 (4 kes). Dengan pertambahan 41 kes baharu ini, menjadikan jumlah kes positif COVID-19 di Malaysia adalah sebanyak 238 kes.
KUALA LUMPUR: TRIVE PROPERTY GROUP BHDdoubled in early trade Tuesday amid a weak broader market.
The counter rose 0.5 sen, or 100% to one sen. It is the fourth most active counter on Bursa Malaysia with 12.31 million shares traded.
Trive Property is involved in property development and construction, as well as research and development of intelligent battery management systems for rechargeable energy storage solutions.
Last week, the company announced that Tan Li Sin has subscribed 100 million shares in the company through private placement. She currently has a direct interest of 3.93% stake or 100.25 million shares.
In the first quarter ended Oct 31,2019, Trive Property posted a net loss of RM968,000 on revenue of RM1.13mil.
I love this kind of depressed counter, consolidated, where volumes are slowly being accumulated. But, risk-reward must be balanced accordingly in picking such a counter.
Still can buy at 0.01 easily now. What I notice is that in early March 2020, the 0.005 buy bid is very low, meaning easily can get it. Somehow nearing end March or early April (cannot rem exactly), the buy bid becomes a super big wall till today.
This shows that someone has started to put a very big block at 0.005 near end March/early April.
Trive will not move without news and share accumulation (based on historical goreng pattern). Currently operator let it fall to 0.005, this shows there is zero support from players. The range bound play 0.005 - 0.01 for past months is either for market maker to earn the 'difference' or to block retailers from buying 0.005 and sell 0.01.
Only player there is Sanston Financial Group (Tan Li Sin who bought 100 mil share) and could also be the same investor for recently completed 700 mil placement share). Altogether this 800 mil share is worth maybe around RM5 million or less, definitely not enough for any goreng.
AT invested in Trive is for potential solar business support, don't think there is any ripple effect here. If want to look into AT's links, other related counters has higher potential to be next target.
Based on latest annual report, Trive's solar division is not making much, its property venture was halted, recently purchased Persoft Tower does not look promising, only good thing is the cash on hand and little borrowings... forget about the Hubei JV and SPNB which seems fake...
Lol sting79, do you know what is ripple effect? It is nothing to do with fundamental. Market is hardly relevant. I've been watching the stock day to day. There's not much day trive volume like today.
btw you need to be fast when playing penny stock.. I bought during 0.5c still at sell q. but that time it is selling like hot cake. now the 0.5c is at buy q with 5M+ lot and 1c sell q going thinner and thinner. This is game of patience.
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....
bose00
1,081 posts
Posted by bose00 > 2020-03-14 20:27 | Report Abuse
US has declared state of emergency. Good luck all