Pls commence to collect on (i) RM 0.54 The above price falls in the category with strong margin of safety.
Strong catalyst - - - as private placements on the 20% share base to raise RM 9.6 millions by end 30 October 2020 Private placements to high net worth individuals Proposed price for private placements RM 0.50 per lot
Price target RM 0.85 to RM 1.00
Profit target 55 % to 85 %, By 30 October 2020 ( that is more conservative)
The second catalyst is HLT zoom to limit up on 14 September 2020 and 15 September 2020 ( 2 days in a row)
HLT (bigger) is the rubber gloves dipping lines systems KSSC is the smaller glove dipping lines systems In KLSE, only 2 listed glove dipping lines systems.
=========================================== 17/09/2020 5:56 AM X SEE_Research NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING K. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 20.0% OF THE TOTAL NUMBER OF ISSUED SHARES OF KSSC PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED PRIVATE PLACEMENT") K.SENG SENG CORPORATION BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description K. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 20.0% OF THE TOTAL NUMBER OF ISSUED SHARES OF KSSC PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED PRIVATE PLACEMENT") We refer to the announcements dated 25 August 2020 and 2 September 2020 in relation to the Proposed Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposed Private Placement has been submitted to Bursa Securities on 3 September 2020.
This announcement is dated 3 September 2020. 17/09/2020 6:06 AM
KSSC 0.625 -0.065 (-9.4%) NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING K. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 20.0% OF THE TOTAL NUMBER OF ISSUED SHARES OF KSSC PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED PRIVATE PLACEMENT") K.SENG SENG CORPORATION BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description K. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 20.0% OF THE TOTAL NUMBER OF ISSUED SHARES OF KSSC PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED PRIVATE PLACEMENT") We refer to the announcements dated 25 August 2020, 2 September 2020, 3 September 2020 and 7 September 2020 in relation to the Proposed Private Placement (“Previous Announcements”). Unless otherwise defined, the definitions set out in the Previous Announcements shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the Board has resolved to fix the issue price for the Private Placement at RM0.58 per Placement Share.
The issue price of RM0.58 represents a discount of RM0.06 or approximately 9.45% to the 5-day VWAP of KSSC Shares up to and including 3 December 2020, being the market day immediately preceding the price-fixing date of RM0.6405.
Qiu Shou Dong Cang This counter has only 96 million ticket. Very easy to goreng if they want to. 05/12/2020 6:28 AM
SEE_Research
A. Actually the market is not 96,000 lots, Less main top 2 shareholders (cumulative total about 60 %) who are in the management team, the outside market float is less than 40%= 38,000 lots or less in the market place, as mentioned Qiu Shou Doug Cang, very easy to excite the buying influence on this limited number of free float, Just be patient, the private placement is a strong catalyst for the uptrend, plus the iron + steel theme in current place.
For your better understanding, as the invited as private placement receivers, they are assured of 70 % to 100% upwards, Meaning upwards of RM 0.42 to RM 0.58, Translate to upwards, Target Prices range =RM 1.00 to RM 1.20. Just be patient, for January 2021.
kssc is indirect proxy to glove industries through its wholly own subsidiary KSG engineering. KSG is built, installed and commissioned dipping lines for topglove, kossan and riverstone. It will enjoy massive earning growth in accord to aggressive glove expansions capacity by glove manufacture.
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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....
ruthlim388
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Posted by ruthlim388 > 2020-12-03 16:58 | Report Abuse
Fabrication