OTHERS OTHERS GLOBAL ORIENTAL BERHAD ("GOB")PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST IN PRIMA PENGKALAN SDN BHD, CHAMPION VISTA SDN BHD, VISTA VERSATILE SDN BHD, FIRST INTEGRATED SDN BHD, ULTIMATE DESTINY SDN BHD AND DEKAD SINARAN SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM11,000,002.00 You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.co
It's the best news as it's disposing the biggest money losing F&B business in the group. The disposal will see the group report better earnings in the 3rd & 4th quarterly results.
Finally the management is doing the right things and putting the group on the right path. It will launch more projects by end of this year.
"The Group is expected to derive positive contributions towards financial year ending 31 March 2018 and beyond from project launches in Klang Valley and Seri Manjung, Perak." -- extract from its latest 1st quarterly result.
GOB has experienced a breakout above the RM0.40 level accompanied by high volumes. The MACD Line has expanded positively above the zero level, but the RSI is slightly overbought. Price may trend higher, targeting the RM0.435-RM0.47 levels after a mild pullback. Support will be pegged around the RM0.385 level.
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....
davidzhuan
7 posts
Posted by davidzhuan > 2017-06-13 13:47 | Report Abuse
i hope u all got gob. congrats