the Company is in the midst of negotiating a Memorandum of Understanding “MOU” with a large oil and gas / chemical company for a collaboration to provide logistics services to them. However, the terms and details of this MOU have not been finalised and are still under negotiations. As soon as the MOU is signed, the Company will make immediate full disclosure in accordance with Paragraph 9.03 of the LR.
The 4th player member is confirmed Mr Ibrahim Baki which will be the new Chairman replacing Mr Richard. Normally, the Chairman elected of a company is BN party member. If he is then BN has now got influence in this company.
With this latest news and the company has response to BURSA QUERY..... TOMORROW MARKET WILL REACTED! Hopefully THE BIG PLAYER PULL UP THE SHARE PRICES.
The actual value of hubline is a diluted value every ten lot it's only one lot value ie 100,000shares is only 10,000 .Those who bought before diluting ten cts it's only one ct together with the rights and warrant attached. From a price appx 5cts it's rising to 18cts highest yesterday, if calculate the undervalued of 1.8cts against current value is definitely worth collecting. Thanks to Bursa Malaysia otherwise non of us know the actual insider trading before mou materialise. Hold tight for mou oil and gas transportation.
By 27th budget news and very likely jack MA arriving on 26thwith e commerce to boost the transportation utilities, hubline is the best mode of delivery too
So fast the end meh? Not just start wake up from long term consolidation meh? Even UMA also cant stop the fire! I believe hubline will continue up up up
I think factors that drive current prices went higher recently and its continue uptrend next week would be as follows:
1. Hubline talks to provide logistic services. 2. Debt reduced due to RCN. 3. New appointed chairman which could lead to BN influence into this counter. Mr Ibrahim may be managed to get new project thru his strong contact with BN. 4. The coming of JACK MA in Malaysia that may be drive investors to invest in this counter.
For turn around from loss to profit if it happen in next QR ..... I think this factor is less impressive because the profit may be too little to be proud of.
Will the MOU transportation for oil and gas make sense? If yes when? Before budget 2018 on 27th October and a day earlier jack MA coming to Kuala Lumpur to announce e commerce. Who are the beneficiaries, logistics, transportation and internet related companies. Let's give some hope hubline ready with such sentiment and Mr Ibrahim is envoy for BN to boost market for GE 14.strategic plan beautifully arranged.
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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....
wan2bsuper
280 posts
Posted by wan2bsuper > 2017-10-19 15:36 | Report Abuse
query by bursa chiat lat lor what happen for the up up up any good reasons ?