Aiyoh, seems like confused on RI. RI needs to top up money. No money need to chop stocks later. You sell, he sell and many others sell you think you can get good price kah. They slowly cook you to death.
No need join, you join you will only get more confused imo. Be clear set your goal and CL if needed. Those guys is not there to help you but to help themselves. That is what the company is trying to do to you right now. But i can confirm the company will goreng again to misled people to chase and locked you in again so you subscribe to the RI or cut.
Don't be greedy or you will get played. 15 ~20% is very good already if you don't need to pay. The rebound is to be TP else you will regret it. (if you haven't already regret buy this stock in the first place. I am just here catch bounce only.
Sep 2020: The company, in an exchange filing yesterday, stated it intends to buy, instal and commission up to 12 double former automated glove-dipping lines and other related facilities in stages over 24 months to manufacture rubber gloves.
These 12 glove-dipping lines are expected to cost about RM150 million and will be set up at its existing facility in Meru, Klang, Selangor. The installed capacity can produce up to 3.6 billion pieces of gloves per annum.
@kuaTAKtahu Then your timeline totally gone out of wack. H22021 commence now almost Q1 over only RI. It will be the casual overpromised and underdeliver case as usual with such counter. Sorry i am just being practical.
Another 18months time. Who knows whats the demand and selling price of gloves. Most likely by the time it reached critical mass we may no longer need so much gloves anymore. So it become another white elephant. Probably even 1 piece will lose rm 0.50 cents then one year lose rm 1.8b further.
Betul Kah? Like that Supermax, Top Glove , Kossan, Hartalega all gone la.. Before covid 19, glove is shortage . So what will make it reach critical mass ?? Why would those big four keep increasing production line and expanding factories. Because they are in the business. Only them know why and the outcome. GPA have experienced personnel to work on this pilot project . ++++++++++++++++++++++++ AzerothJr Another 18months time. Who knows whats the demand and selling price of gloves. Most likely by the time it reached critical mass we may no longer need so much gloves anymore. So it become another white elephant. Probably even 1 piece will lose rm 0.50 cents then one year lose rm 1.8b further.
Bursa should not approve the right issue,this company is cash rich and almost zero debt company.I think this company has more than 120mil cash after the private placement.
GPA is company of U turn.. tracing back from last year announcement. this is what have happen 1) Biggest shareholder disposed share. everyone thought is to Regal Orion 2) End up to a company incorporated in British Virgin Island . No one know who is the owner 3) Share price spike like crazy,In one day this BVI company disposes their entire stake through open market. Earn already direct cabutlah 4) Then come proposal venture to glove. 12 production lines .3.6 billion glove perannum. RM150mill capex. then came out news of private placement to Eddie Ong & Gang 5) Eddie Ong cancelled his plan of private placement 6) Few round of private placement don't know to who?? 7) private placement already have RM 140++ million still not enough. 8) Right Issue Proposal.
I hope they will cancel their right issue proposal as another U turn from the company. people who have sapu alot at bottom will benefit from it.
LOL.... TESLA buy battery from GPA??? what technology GPA has to supply EV battery? Are they even in EV business... dont sendiri cakap sendiri song...this will kill u later... put money into coma company...
u can cincai google Tesla Battery supplier and it will show Panasonic. This is why PANAMY is at RM30.. and GPA is at 7sen. HAHAHAHA
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Posted by alex > 2021-02-04 12:22 | Report Abuse
if no subscribe RI, got free warrant ? after RI, the share will be adjusted lower...