Can't figure out, why TiongNam boss wanna bought this counter with net loss last few years. TiongNam has own property development section. Next, appointed new directors with property development background. Maybe Gooooood News soon
Half yearly result worse than last year. The sudden drop in price broken the support level. Down trend for this stock. Take profit and run.....There will be no movement for the next 1-2 months. Now is raya season and all the BB is on holiday mood....Take profit and run. come back again in August.....
death counter. Luckily sold all at 0.795.haha...Dun waste time on this counter. Better buy Ekovest. This is a WRONG counter instead of WONG engineering. The price going to drop further to 0.69 in 2 weeks time.
Pang, too early for that. They have to wait for its coming quarter to announce before they can proceed for that. so my advice is to sell at high and buy back at lower price. The super profit for the last quarter maybe is an one-off scenario case. So is high risk to enter at this price. The support level is weak...
Somemore Tiong Nam is on the weak side,so dun expect TNL to support wong at this juncture of time. i think someone (BB) is pushing the price up in order to sell their shares (their cost price is 0.68) so 50% gain is equivalent to 1.02 (150% x 0.68). So the max price is 1.02.
If the gain for the last quarter is one-off, the sustaibility of this counter is still a question mark...
TiongNam (8397): 11-Oct-2007 close at RM0.19 10-OCt-2017 close at RM1.57 (highest RM1.82 @ 11-Apr-2017)
LISTING'S CIRCULAR NO. L/Q : 69265 OF 2013
1) SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN TIONG NAM LOGISTICS HOLDINGS BERHAD ("TNLH") INTO FIVE (5) ORDINARY SHARES OF RM0.20 EACH IN TNLH ("SUBDIVIDED SHARE(S)") ("SHARE SPLIT").
2) RENOUNCEABLE RIGHTS ISSUE OF 210,258,500 FIVE (5)-YEAR WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) ORDINARY SHARES OF RM0.20 EACH HELD IN TIONG NAM LOGISTICS HOLDINGS BERHAD ("TNLH") AFTER THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN TNLH INTO FIVE (5) NEW ORDINARY SHARES OF RM0.20 EACH AT 5.00 P.M. ON 3 DECEMBER 2013 ("RIGHTS ISSUE OF WARRANTS") AND
Better run 1st in view of the following: 1) The super good profit for the last quarter (37 times), maybe is one-off. The sustainability is still a question.
2) As per the quarter report page 8:--> The Group expects Quarter 4 revenue to be flat in-line with seasonal trends while raw materials cost is forecasted to increase as metal and steel prices picks up. This means the next quarter result will not be as fantastic as per 3rd quarter.
3) There is still 2 more months for the announcement of 4th quarter result. Hence, too much uncertainty. Best advice is to take profit and run....
4) No catalyst to push the price for higher level.
Take profit and run 1st. Tiong Nam not doing well for this few months and dun expect they will provide any support to Wong for the near term.
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