Posted by Michael Kwok > Jul 14, 2020 11:49 PM | Report Abuse X
People still want to throw.Have confident.See the message below.
Michael Kwok 2252 posts Posted by Michael Kwok > Jul 12, 2020 12:02 PM | Report Abuse X
Why worry.after July 2017 the high was 50 over cents.Lowest was in March 2020 3 cents.30 percent retracement is 17 cents, 50 percent retracement 26 cents.Usually it will pass the 30 percent retracement if got patient.
Tawin is not much affected by the copper future as Tawin not a copper ore producer. They manufacture copper products such as copper rod, copper wire and copper cathodes. Copper products sale will self adjusted to dilute the impacts of raw copper prices. Tawin is a profitable company for the past 5 years with 9.5 % growth rate per year and recently jump to 748% growth. That is why their acquired Sin Line Tek an AC power cord manufacturer and supplier (a good move by the management). But the return on equity is low for Tawin which is 1.2 % and cash flow is a bit tight for them. However their debts to equity ratio is reducing from 110% to 30.6 % over the past years which is healthy for a listed company. My opinion is this counter wont stay at this prices for long and is on the upward trend if some catalyst is added.
Is not system hang.Because to protect the interest of investors.I think is due to Top Glove and its negative chain reaction.Either to let Top Glove to issue statement to clear the air or the government snapping up sellers due to huge selling by foreigner(in few billion value).
Remarks : The ICPS can be converted into new Shares at the conversion price of RM0.10 ("Conversion Price") in the following manner:
(a) 4 ICPS to be converted into 1 new Share; or
(b) a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS, and paying the difference between the aggregate value of the Issue Price of the ICPS surrendered and the Conversion Price in cash for 1 new Share.
The ICPS may be converted any time within 5 years commencing on and including the issue date of the ICPS up to and including the maturity date. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Shares at the conversion ratio of 4 ICPS for 1 new Share.
I believe w have more goodies . For those that miss the morher shares can look at the pa Pa if you add 7.5 sen can convert to morher 6+7.5 is only 13.5 Hope can be second asiafly
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freddiehero
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Posted by freddiehero > 2020-07-15 17:01 | Report Abuse
cantik LA...