Posted by James_Bond > 2023-06-01 09:08 | Report Abuse

Collected at 3.60! Let’s see if I could win some pocket money! Cheers!

Posted by James_Bond > 2023-06-01 09:08 | Report Abuse

Come on shorties! Sell to papa!

Posted by James_Bond > 2023-06-01 09:08 | Report Abuse

Haha…

Posted by rickygiam > 2023-06-01 10:15 | Report Abuse

Drop like no tmrw...haiz

Posted by fruitcake > 2023-06-01 10:16 | Report Abuse

HOW LOW CAN YOU GO

Posted by rickygiam > 2023-06-01 10:16 | Report Abuse

Pocket money not easy to make ooh..

Posted by Qwertyuiop > 2023-06-01 10:30 | Report Abuse

cash and money market at 3b. chill

Posted by fruitcake > 2023-06-01 10:38 | Report Abuse

from riches to rags

Posted by fruitcake > 2023-06-01 10:42 | Report Abuse

ain't over til the fat lady sings. 3 is nearing

Posted by James_Bond > 2023-06-01 10:42 | Report Abuse

Queue buy at 3.45. Come, sell to papa! Haha!

Posted by James_Bond > 2023-06-01 10:45 | Report Abuse

Don’t you mess up, shorties!

Posted by James_Bond > 2023-06-01 10:46 | Report Abuse

That’s all you could do? Haha..

Posted by fruitcake > 2023-06-01 10:54 | Report Abuse

i like bond movies

Posted by xuxu > 2023-06-01 11:03 | Report Abuse

selling pressure is strong, no need to rush in first, tomorrow if friday too

Posted by fruitcake > 2023-06-01 11:27 | Report Abuse

index rebound hapseng is crashing. tak ada harapan

Posted by James_Bond > 2023-06-01 11:31 | Report Abuse

3.45 all matched! Thanks!

Posted by James_Bond > 2023-06-01 11:31 | Report Abuse

Now I hv more bullets to dump down further! Let’s compete who can dump hapseng the lowest!

Posted by James_Bond > 2023-06-01 11:35 | Report Abuse

Queue buy at 3.40 to collect more bullets to dump.

Posted by fruitcake > 2023-06-01 11:35 | Report Abuse

no time to die ☠💀

Posted by investor2021trading > 2023-06-01 11:38 | Report Abuse

Watchlist Idea from Microsoft Start • 01/06/2023
US Debt Default Could Spark 45% Stock Market Crash, White House Warns Ahead of Debt Ceiling

Posted by xuxu > 2023-06-01 11:39 | Report Abuse

operator is dumping big qty, no rush

Posted by Go lucky Happy > 2023-06-01 11:43 | Report Abuse

Actually if you can manage to buy this counter below $3, you are considered lucky. Where got any company so generous gives 0.10 dividend and share price so cheap.

Posted by fruitcake > 2023-06-01 11:46 | Report Abuse

@investor2021trading, no issue. it's all good now

Posted by beluga > 2023-06-01 11:49 | Report Abuse

reminds me of those glove stocks. reversion to reality

Posted by value_seeker > 2023-06-01 11:54 | Report Abuse

Lets see how our friend collecting the stock and earn money. Buy when drop every 5 cents. Soon someone will collect a lot of lot.

Posted by xuxu > 2023-06-01 11:56 | Report Abuse

stock all collapse one by one

Posted by beluga > 2023-06-01 12:03 | Report Abuse

following trend is a winner at this moment unfortunately

Posted by hhhiii123 > 2023-06-01 12:31 | Report Abuse

Top net short is 10mil share as at 31may, seem like hard to bound back in short term

Posted by $$ BUYSELL $$ > 2023-06-01 12:42 | Report Abuse

now is sinking ship nobody help you. thinking what is right is to safe yourself.

Posted by $$ BUYSELL $$ > 2023-06-01 12:46 | Report Abuse

because falling knife nobody care even hap seng boss don't care to hold mean will go deeper.

Posted by trader808 > 2023-06-01 13:04 | Report Abuse

1.There was no short selling done yesterday. Price collapsed and crashed due to fund managers' bearish outlook and portfolio adjustment.
2. It was a great service to the 10.5m shares total short position. These guys a laughing to the bank by doing nothing or like what they would say, without lifting a finger.

3. HS is facing some issues and challenges and a fundamental switch in its business arising from rapidly changing operating business environment..

4.It is a huge conglomerate with several segments of business.
Plantation sector is not well. CPO price fell from RM8000+ per ton last year to RM3700 per ton this year. The loss in plantation profit is so huge that it can never recover.
5. Fertilizer cost is very high and still going up.
6. Property development is slow and sluggish. Shortage of foreign workers is a problem.
7 And many more challenges still unknown.
8.Fund managers have a bearish view and monitor with a negative outlook.

9. HS has been downgraded. Share price has collapsed and it is hard to say where is the bottom.

10. Because there is a fundamental shift, therefore a V shape recovery in share price is not expected.
11. It is believe that in the coming days or weeks it will find its bottom, than consolidate and nobody know for how long until a new trend appears.

Happy trading
1/6/23

Posted by beluga > 2023-06-01 13:08 | Report Abuse

kenanga partly to blame. announce to the world that they want to borrow your hapseng shares and pay you 3% interest . short demand must be so big .

Posted by hhhiii123 > 2023-06-01 13:13 | Report Abuse

Hapseng business is not fundamental shift like glove or cigarette, more like cause by economy cycle. Unless the government come out policy that cause ringgit depreciate forever and not investment come in. It will be a strong will economy start recover. Dun simply talk cock if you dun understand business.

Posted by NatsukoMishima > 2023-06-01 13:20 | Report Abuse

When pump to rm 7 - 8 all the bankers already dump take profits , who still care about u and support price ? Drop to its real value around rm 1.20 - 1.70!

Posted by Qwertyuiop > 2023-06-01 13:29 | Report Abuse

Hahaha fundamental shift. Nice joke

Posted by RWG > 2023-06-01 16:09 | Report Abuse

hapseng keong gan liao

Posted by skyu > 2023-06-01 16:14 | Report Abuse

So far, not seeing any news coverage of this hap seng drops ? Made the top volume and top value traded, should have make some headlines

Posted by fruitcake > 2023-06-01 16:21 | Report Abuse

@rwg, 🤣🤣....meet @3 tomorrow

Posted by value_seeker > 2023-06-01 16:22 | Report Abuse

Not so soon. 3 mostly break in near time. Low is anyone guess and the bottom is going to be lower than 2.5. Next quarter will tell us more on the low.

Posted by xuxu > 2023-06-01 16:33 | Report Abuse

close at the lowest ? boleh tahan tak ?

Posted by Hong Wei Phoon > 2023-06-01 17:01 | Report Abuse

Hap Seng become Hup Seng

Posted by kokchengkai > 2023-06-01 17:02 | Report Abuse

Value_seeker i dun believe you ,i sapu 10 biji 3.36 first at tis 50% diskaun price..when is the cheaper price nobody no...but i got advantage 50% than tht ppl buy in RM7.
hahaha

Posted by value_seeker > 2023-06-01 17:03 | Report Abuse

Be the one that move against the majority and you might be rewarded.

Posted by dompeilee > 2023-06-01 17:15 | Report Abuse

Lau family 2/3 of family fortune on paper evaporated....Kesian

Posted by soon9913 > 2023-06-01 17:23 | Report Abuse

JJPTR - wait for Z..

Posted by dompeilee > 2023-06-01 17:28 | Report Abuse

YTL Yeoh family & HSeng Lau family...really contrasting fortunes in the past few wks...today, both went in the same direction finally lol

Posted by skyu > 2023-06-01 17:45 | Report Abuse

Rm 8 or rm 7 is way above overvalued

Posted by qcmboy > 2023-06-01 17:49 | Report Abuse

YTL movement.
Buy 25% at 3.41 today.
75% wait for
3
2.5
2

Posted by trader808 > 2023-06-01 19:15 | Report Abuse

To hhhiii123 who attack personally and Qweutyuiop who laugh uncontrollably.

1. In a few months time in a related party transaction Hap Seng would have sold its UK Manchester Credit Leasing business for RM837M. It will become a conglomerate without a credit leasing business. Upon completion of the disposal ,it would be permanently deprived of a long stream of revenue and profit and FUNDAMENTALLY SHIFT from a company that has a credit leasing operation to a company without a credit leasing business.
2. UK HSMCL has huge potential and great earning prosperity. Stop barking at the forum instead go and bite the hands that take away your banana. So, vote against it at the EGM and stop the FUNDAMENTAL SHIFT. Could you?

3. The price of CPO has collapsed spectacularly from RM8000 to close at RM3496 on Thursday 1st of June 2023. On the contrary, the cost of harvesting one MT of FFB has increased from Rm35 a ton to RM65 a ton and the transportation cost for 1 MT of FFB has increased from Rm30 to RM 50 a ton. The cost of fertilizer NPK 12-12-17-2 TE commonly used in palm oil plantation now cost RM4600 a ton compare to pre Covid period that only cost between RM1900 rm2100. It is undeniable and factually proven the cost structure of plantation operation has FUNDAMENTAL SHIFTED. Prove me wrong if you can with numbers.

4. In additionally,the government has forcefully imposed minimum wage of RM1500 a month that moves the labour cost curve upwards and outwards. The FUNDAMENTAL SHIFT in labour policy has immensely eroded margin and profit. With this on going development Hap Seng must recognize and address the cost impact of the rapidly changing operating plantation business environment.

5.Those who have eyes would clearly see there is a FUNDAMENTAL SHIFT in the cost structure of plantation business that immensely eroded Hap Seng huge earnings that represents the core and fundamental segment of HS business.

6. Fund managers saw the FUNDAMENTAL SHIFT and felt it is coming. This has led to the month end catastrophic portfolio adjustment. Some Guys have eyes but cannot see. Other have heart but cannot feel. It is unfortunate that your economic studies has been sadly neglected.

7. The country's CPO production and inventory stocks has swell form 1.1m ton to 2.93m ton and back to the acceptable level of 1.5m and now hover somewhere in between. The FUNDAMENTAL SHIFT in demand and supply and buyers behavior and the declining attractiveness has resulted in IJM Plantation, KUB, BOUSTEAD dispose off its palm oil plantations. The industry in which Hap Seng is operating is going through a major FUNDAMENTAL SHIFT and change to phrase out the weak players and moving into consolidation.

I could go on, but it is enough for today.
Happy trading
1/6/23

Posted by RWG > 2023-06-01 19:43 | Report Abuse

sanusi will be ceo of hapseng, sure up