The stock market is like a bus going uphill. As the bus goes up, more and more people jump on the bus. When there are too many people on the bus, the bus gets too heavy and the bus cannot keep going up. The bus driver will have to swerve, jerk in order to throw people off (the weak holders panic and sell).
Only when enough people get thrown off the bus (weak retail investors lose faith and sell out), can the bus be light enough to continue the journey higher
Actually what he said is true what, why everyone scold him lol.. He didn't even say bad stuffs about Technax, just recommend everyone to buy AHB instead.
I believe many people doesn't subscribe to The Edge, so I have typed its original article down here regarding possible cooperation between SMTrack and Techna-X. The article is as below:
"There have been interesting developments at SMTrack Bhd, whose shares were trading just below 10 sen a month ago before rising to a two-year high of 30 sen last Friday.
First, the radio-frequency identification solutions company completed a private placement exercise on Dec 24, raising RM6.84 million, based on a placement price of 7.47 sen per share.
Then on Dec 29, Tan Sri Lee Kim Yew, the founder and executive chairman of Country Heights Holdings Bhd, emerged as a substantial shareholder of SMTrack after the acquisition of 28.5 million shares or a 5.05% stake via an open market transaction.
Last Thursday, SMTrack disclosed that it is in the early stages of negotiations with a government-linked company in relation to the latter's interest in the company.
A day later, Datuk Justin Lim Hwa Tat and Datuk Seri Tan Choon Hwa also surfaced as the company's new substantial shareholders, holding 5.14% and 5.4%, respectively.
It appears that something big could happen as a signing ceremony - between SMTrack, Country Heights, Jiankun International Bhd, Sersol Bhd, AHB Holdings Bhd, Techna-X Bhd, MQ Technology Bhd and 5G Infratech Malaysia Sdn Bhd - is scheduled to be held on Jan 13.
Note that Lee's son in law Jared Lim is executive director of Techna-X, while Hwa Tat is managing director of Sersol. Tan sits on the Jiankun board as executive director.
All these stocks have gained traction in recent days. While investors will be waiting to see what the collaboration is about, they will still need to be mindful as the excitement does not necessarily translate into returns."
Reference is made to an article titled “What’s brewing at SMTrack and a few other companies” which appeared in The Edge on 10 January 2022.
The Board of Directors of the Company (“Board”) wishes to clarify that the Company is in early stage of discussion with the companies concerned mentioned in the article of which no agreement has been reached and the date of the signing of agreement has not been confirmed at this juncture.
In the event any decision or agreement is made in relation thereto, the Board will make the necessary announcement in compliance with the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad accordingly.
Too many issued shrs...sudah X boleh pakai lol...unless some famous foreign brand name come into the picture....I'm looking @ the next big upside goreng potentials....the next AHB but with a much healthier balance sheet =)
From the edge report (12 Jan 2022) - It appears that something big could happen as a signing ceremony — between SMTrack, Country Heights, Jiankun International Bhd, Sersol Bhd, AHB Holdings Bhd, Techna-X Bhd, MQ Technology Bhd and 5G Infratech Malaysia Sdn Bhd — is scheduled to be held on Jan 13.
I wonder if there will there be a signing ceremony today?
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....
Jackkin
235 posts
Posted by Jackkin > 2021-12-02 22:40 | Report Abuse
More good news from Techna X..
https://www.theedgemarkets.com/article/technax-earmarks-us50m-energy-storage-business-expansion-2022-and-2023