PNB is selling spree, better wait. Also, PNB will keep selling, look at Bursa announcement. For 2 years. They keep downwards pressure on price. Wait till 0.8X BV then come in.
"The Board of AFC wishes to inform that Bursa Securities had, vide its letter dated 21 June 2017, approved a lower PSS of 24.14% pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities."
They don't have to rectify anymore, Bursa has approved the lower spread. Take note in March the spread was at 22.5%, so AsiaFile has improved in that regards. AmanahRaya/PNB selling every other day has helped.
Looks like a good move. Can't be relying on files and folders for revenue. Price looks to have stabilised. Will look to enter again if next quarter results are acceptable
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lowdensity
79 posts
Posted by lowdensity > 2017-03-23 22:46 | Report Abuse
sell off