result for this quarter not as good as last quarter, but still in the black. And, in total, it brings the accumulative turn to black from long time red.
Do take clue from major shareholders' changes in their holdings B4 release of next qtrly report .
A classic case for KYGI
Hii Group sold on 15 Aug 945,320 shares @ 0.28 to 0.304 8 Sep 1,400,000 " @ 0.354 9 Sep 1,244,000 " @ 0.375 14 Sep 3,444,999 " @ 0.361 to 0.364 23 Sep 955,400 " @ 0.368 STL sold on 10 Oct 1,050,000 " @ 0.35 sold on 5 oct 6,811,019 warrants @ 0.139 to 0.16
Mother share now transacted at 0.265, son at 0.095 ; 3rd qtrlly reported out last night
despite good results, the sell down has been continuous since September. Wonder why no query. Also the warrants shareholding seems to supersede those issued. Wonder if there is heavy manipulation after the warrants have been cornered. Hope there is some answer from the Bursa Watchdog.
the drop in share price might be due to disposing of star shine marketing, a wholly owned subsidiary of YKGI for RM 51 million. The share price will rebound as the sale in a way still contributing to the Group.
really puzzle me, melewar quarter result out and understandable not doing well share price bombarded but YKGI is much better. Had been on over sold past 2 weeks......
1Q 17 definitely will not perform well as there is a RM9m expenses (loss) on disposal of properties. And the weakness on RM vs USD doesn't look good for YKGI too. Every 10% weakness in RM vs USD will see a RM12m losses for YKGI. Maybe in the coming 1 year there is hedging done to protect against forex losses, but it does not work out well in the long run.
With the recovery of crude oil prices, we will see more kick start of projects in Malaysia. Hence the demand will be expected to pick up after CNY and it's good time to accumulate stocks related to the industrial.
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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....
Mejik3333
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Posted by Mejik3333 > 2016-10-04 14:01 | Report Abuse
ader harapan ker nak naik YKGI?