today market down 7pts, 486 up and 460 counter down ,most down counter has gone up recently so profit taking set in but HTpadu has been going down for the past 4 weeks so if it keep going down i will be able to buy at 55 to 58 sens next Thursday but i doubt because not much small fry buying today.
Unless the KLSE market retreat back to 1630.pts range HTpadu will not go below 60sen because market sentiments will prevent that from happening unless PN17 is going to be awarded to this counter.
Beautiful accounting, higher provisioning of RM36million but remember certain amount can be added back. Banks during bad times usually provides hundred of millions in doubful and bad debt but later will be added back , that is the beauty of creative accounting
has been wasting alot of time and money on its LISTING STATUS in KLSE, might as well sell the company to investors needing to raise fund or get delisted to save the listing status money.Wondering why so much transaction between 70 to 80 sen.
KUALA LUMPUR (March 6): Malaysia’s state pension fund is seeking to revive a RM3.5 billion (US$856 million) project by offering to lower the cost to the government, according to people familiar with the matter.
Kumpulan Wang Persaraan Diperbadankan, or KWAP, is asking the government to bring back a project to build an immigration control system that was awarded to Prestariang Bhd, said the people, who asked not to be named as the talks are private. The pension fund for civil servants holds a stake in Prestariang, whose shares have lost 73% in the past year.
Prime Minister Mahathir Mohamad has been willing to revive major projects at lower cost, after canceling a swathe of them, amid efforts to curb the budget deficit. Malaysia is nearing a deal with China to reduce the scale of the US$20 billion East Coast Rail Link, and it agreed to resume a mass rail transit project after contractors MMC Corp and Gamuda Bhd cut the price tag by 22%.
Representatives for Prestariang and KWAP, the country’s second-largest pension fund, declined to comment.
Representatives from the finance ministry and the home affairs ministry didn’t immediately respond to requests for comment. KWAP proposes cutting the cost of the project, known as SKIN, by 17% to 2.89 billion ringgit, and increasing its stake in Prestariang if the project is revived, according to the people. The fund has sold 12.6 million of the company’s shares since SKIN’s cancellation was announced on Dec 12, lowering its holdings to 5.27%, from 7.82%.
A state-commissioned review led to a recommendation to revive the SKIN project, according to a report by an agency known as MAMPU, which oversees the government’s digital initiatives. SKIN is set to be ready in two years and will lower costs in the long run, while a new project would take up to five years to get up and running, despite most of the current immigration system coming to its end of life by 2020, according to the six-page report obtained by Bloomberg.
This counter is the only one with double limit-up in CNY Rally as it has very little free float. PNB took the opportunity to cash out driving the price down...it has been sleeping for a loooong time...could this sleeping counter be awakening? We’d see on Monday if it’s so, or it’s just goreng goreng just to sell-down by the sharks? If not, be prepared for a quick & sustained run up...
The charts indicate it’s time. It was a chicken run the last time before the double limit-up. I was lucky enough to catch the double limit-up and got a tidy ang pow then...it was sooooo fast when it went up...waited a long time for it to run again. Hope to catch a bit of the action again...watching Monday’s movement carefully. If the sharks play it down there’re O&G counters to play...
The sharks have overplayed their hand. All the wash-trading has driven the retailers to stay out! Volume has been in the low to mid one thousand for a long time now. But don’t write HTPADU off. Sooner or later the sharks will have to reverse course or they would be left holding tons of stagnant shares!
Watch this space. Stirring? Collecting. Been collecting for a while. Preparing to go in big when the run starts! Watching momentum carefully. Remember this stock had gone double limit up the last time. Huat ah!
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....
lassy
722 posts
Posted by lassy > 2019-03-01 13:57 | Report Abuse
Just got 500 shares at 64.5 Sen n.65.5 so total I got 6000 shares n I make a RM 420 paper loss so how much the major shareholders n PNB loss.