Mr Alex gave negative comments about loses. so share price dropped. IRCB made loses-that's true. New major shareholders took over in Jan. Now we are confident that the new major shareholders are able to turn around the company. What do you think?
Mr Cheang is MD, reputable person in gloves industries. Which is Malaysia so called recession proof industries. If really a goreng stock then it is actually done by other shareholders. Namely the majority shareholder. Teo Seng group. They are very good in these. So i believe 0.80 is just a matter of time. Mr Cheang is only responsible for turning the company around after so many year in losses. And i believe he could do it in a nicely way. If by end of sept could hit 0.60 then potential it could hit 0.80 by year end. PN17 will be removed somewhere around this time also. By year end given that they still need to submit report before jan. If out i think will shoot up around RM1.00. God bless. Hopefully my ang pow money for 2014 CNY is from IRCB
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nicky
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Posted by nicky > 2013-09-05 21:43 | Report Abuse
Hope the above will boost the price... It looked good only after 3 pm sudden pull back ... From 0.385 to RM0.345 is scary