it is not surprising on the fall - seriously people got shocked on the fall? where in the world got such continuous uptrend with no ending? ....alahai....
RUN FOR COVERRRRR Cypark’s share price plunges over 15% in active trade....The Edge .....March 02, 2023 12:23 pm +08
In January, Cypark changed its financial year end from Oct 31, 2022, to April 30, 2023 ― resulting in its current set of financial statements to comprise a period of 18 months from Nov 1, 2021, to April 30, 2023.
The group’s financial report for the three-month period ended Jan 31, 2023, is expected to be announced sometime this month, pursuant to the bourse’s listing rules.
According to paragraph 9.22(1) of Bursa Malaysia’s Main Market Listing Requirements, a listed issuer must announce its quarterly report no later than two months after the end of the period.
"Looking back at its immediate preceding three-month period ended Oct 31, 2022, Cypark’s net profit fell 79.1% year-on-year to RM5.38 million from RM25.72 million, as revenue was slashed by 44.35% to RM48.39 million from RM86.95 million, on lower contributions from its renewable energy division, and its waste management and waste-to-energy (WTE) division."........The Edge .....March 02, 2023 12:23 pm +08
CAUTION: EXPECT THE WORST FOR THE 3 MONTHS ENDING JANUARY '23 ( Nov'22 to Jan'23). ALSO WATCH OUT FOR THEIR NEW FINANCIAL PERIOD ENDING 30 APRIL 2023. MORE LOSSES AND ALSO SELL DOWN TO FOLLOW. THAT IS WHY THEY CHANGE THE FINANCIAL PERIOD TO 18MONTHS FROM 1st NOV'21 to 30th APRIL 2023. THE 2 NEW SUBSTANTIAL SHAREHOLDERS DEFINATELY KNEW OF THIS AND MIGHT HAVE GOT THEIR INVESTMENTS AT A MUCH LOWER VALUE. SAD FOR THE RETAIL PUBLIC AND THEIR INVESTMENTS.
PSD'S FINANCIAL DESK ( MBA, CFA.). AVAILABLE FOR CONSULTANCY
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....
newtrader1989
1,429 posts
Posted by newtrader1989 > 2023-03-02 10:10 | Report Abuse
Looks like Flushing. Closing green