Even during the MCO period, majority of the bursa companies went into the red their quarterly report, JHM was still profitable...what does it tell you about this company? If pandemic/temporary economic closure also can't beat them down, nothing will...
So.. Insider char start their profit taking, only the greedy will go in to get hurt - this is not gloves counters with good profit man! Run run after the price go down b4 going in again, JHM Q2-Q4 2020 poor business revenue anyway.....
Again with this kind of ppl..... Ard mentioned before.....investors focus on company future and good prospects. Report drop doesn't mean company not doing well, but might some project incurred bigger expenses and cost.....Study more on this stock
Just received insider news from RHB capital said want to char to get cash. Char char char... Char down first before char up again, char 2X with 50% margin is good enough to survive through Pandemic!
Reference is made to the announcements dated 26 March 2019, 25 June 2019, 25 September 2019, 24 December 2019 and 25 March 2020 in relation to the Memorandum of Understanding (“MOU”) between Universal Alloy Corporation Europe (“UACE”) and JHM Consolidation Berhad (“Announcements”).
Unless otherwise stated, all definitions used throughout this announcement shall have the same meaning as defined in the earlier Announcements.
The Board of Directors of the Company wishes to inform that the business relationship between UACE and JHM continues to flourish and JHM has been recognized as the top supplier for UACE in South East Asia. All the awarded parts to JHM are fully qualified now and JHM has started the mass production. This has been a remarkable achievement since the signing of MOU in LIMA Langkawi in 26 March 2019. With that achievement, UACE is now included into JHM’s strategic business account portfolio and will be managed as such from now.
Congrats! Peteryy on your wild guess becoming a reality above, on top of that, JHM is a beneficiary from an order ramp-up of 5G-related equipment. JHM is indeed a clear winner in the tech sector for many years to come when Msia/world is going towards 5G tech.
I saw that the market sentiment was down so many days, it is still able to maintain above 1.30...prove time and time again a strong fundamental company.
Now with this happy announcement is out, next to action is transfer to main board before 30th June this month. Hope all this month JHM events will resist market uncertainty and continue to soar by ending June as historical month. Let's see
This was the announcement on March 31st: "On behalf of the Board, Affin Hwang IB wishes to announce that the application to the SC in relation to the Proposed Transfer shall be extended for 3 months from 31 March 2020 to 30 June 2020."
Will probably hear something by June 30th.
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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....
thanos2020
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Posted by thanos2020 > 2020-06-20 11:04 | Report Abuse
Even during the MCO period, majority of the bursa companies went into the red their quarterly report, JHM was still profitable...what does it tell you about this company? If pandemic/temporary economic closure also can't beat them down, nothing will...