Posted by Henry8833 > 2019-05-16 15:23 | Report Abuse

Bursa and SC should abolish this stabilizing action and let shares to drop to its fair value rather than artificial supporting. Look at Uber IPO, shares dropped during IPO day...

Posted by Henry8833 > 2019-05-16 15:23 | Report Abuse

After supporting for about 1 month, price will drop eventually like AAX

Posted by Junichiro > 2019-05-16 15:26 | Report Abuse

Posted by spider68 > May 16, 2019 3:10 PM | Report Abuse

Must be very desperate for money to sell at IPO price @ RM 1.10. Other company's major shareholders would have provided support instead of cashing out.

Those who got a big slice sold off because the share price did not perform. They sold n got back their capital while the stabilizing manager is still around. Everything is a gamble. When I attended a workshop on futures trading, the pro advise us to sell first ask later if the promising technical signals did not perform. Same with shares.

Posted by spider68 > 2019-05-16 15:54 | Report Abuse

Now just hit @ RM 1.09 below IPO price ........ what a joke of an IPO.

Posted by sasword > 2019-05-16 16:20 | Report Abuse

Will free fall like Lctitan.

Posted by PARKER > 2019-05-16 16:20 | Report Abuse

Collect low ba hehehehe

Posted by spider68 > 2019-05-16 16:38 | Report Abuse

Reminds me of Multi Sports Holdings Sdn. Bhd. IPO where it enabled a pre-IPO investor (Hong Leong group of companies) to cash out by dumping shares below IPO price. IPO price @ RM 0.85. Today @ RM 0.01 also people don't want to buy. A lot of minority IPO shareholders got burnt leaving only ashes.

Posted by apolloang > 2019-05-16 16:41 | Report Abuse

any counters that are relisted back is no good

Posted by lextcs > 2019-05-16 16:41 | Report Abuse

don't worry mr lau will take it private again at 80c

Posted by lextcs > 2019-05-16 16:42 | Report Abuse

is it ever a wonder that the rich gets richer thru their schemes and whimps?

Posted by apolloang > 2019-05-16 16:43 | Report Abuse

another LCTITAN.....IPO should be 80cts not 1.10

Posted by $$$< GOODLUCK >$$$ > 2019-05-16 16:44 | Report Abuse

All got con , now director is counting money until midnight.

Posted by spider68 > 2019-05-16 16:49 | Report Abuse

I would not discount the possibility of some creditors having being allocated shares via debt swap are currently cashing out.

Posted by Flower1 > 2019-05-16 16:51 | Report Abuse

Why buy at 1.10 .., cab only 0.58 similar poultry business .

Posted by apolloang > 2019-05-16 16:53 | Report Abuse

more IPO coming market down more.instead of using the money to support the current market,they wanna list more new stocks to replace the old ones.this bursa is useless

Posted by Undi_PAS > 2019-05-16 20:25 |

Post removed.Why?

Posted by raymondlim > 2019-05-16 21:53 | Report Abuse

Buy cab

Posted by papparich > 2019-05-16 23:16 | Report Abuse

3 times overbought. Just wait, sharp up, get trap then....Charlie Munger told me never to buy IPO.

Posted by Sneakpeek > 2019-05-17 12:44 | Report Abuse

After lunch..park at 1.05

Posted by sasword > 2019-05-17 14:22 | Report Abuse

Ppl wan "save" country so donate money to PH (pukima hai) gov.

Posted by pineapple8888 > 2019-05-17 18:34 | Report Abuse

Bought IPO at 1.10 sold at 1.18
Will come back on 0.90
Thanks LHI

Posted by 750023336 > 2019-05-18 17:32 | Report Abuse

https://www.facebook.com/fatainvesting/posts/2293999760842891

Both Leong Hup and Teo Seng went down mainly because of this reason.

Q2 likely to be having trouble

Posted by Bullbursa > 2019-05-18 18:15 | Report Abuse

Shallow analysis...

Posted by spider68 > 2019-05-18 19:20 | Report Abuse

CONCORDANT INVESTMENTS PTE LTD
AFFINITY ASIA PACIFIC FUND IV (NO.2) L.P.
CLARINDEN INVESTMENTS PTE LTD

Combined Allocation 290,637,500 shares

Highly likely dumping was made by the above parties on listing 1st & 2nd day. We await next week announcement for confirmation.

Posted by Sneakpeek > 2019-05-21 09:21 | Report Abuse

RM 0.80

Posted by bigmama > 2019-07-06 18:26 | Report Abuse

Next week target price for LHI is 80 sen!