VELOCITY CAPITAL PARTNER BERHAD

KLSE (MYR): VELOCITY (7165)

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Last Price

0.04

Today's Change

-0.005 (11.11%)

Day's Change

0.04 - 0.045

Trading Volume

302,200


18 people like this.

6,076 comment(s). Last comment by Tripaka 1 month ago

cg14134

500 posts

Posted by cg14134 > 2021-04-08 11:15 | Report Abuse

"Believe it or not, I am walking on air...." The older folks will get it. Pls give us that, KTG

Ckk5678

7 posts

Posted by Ckk5678 > 2021-04-08 11:42 | Report Abuse

Well done KTG!

Posted by LuqmanJamir > 2021-04-08 15:14 | Report Abuse

whats up with the continuous buying transactions?

luiws123

175 posts

Posted by luiws123 > 2021-04-09 07:45 | Report Abuse

After so many conversion of preference shares to ordinary shares, the new owner names haven't been declared, Bursa should reprimand the new owners who didn't declare their names

monreyes

892 posts

Posted by monreyes > 2021-04-09 09:37 | Report Abuse

high buying rate but price do not move upward, as if someone is controlling

cg14134

500 posts

Posted by cg14134 > 2021-04-09 11:02 | Report Abuse

Back to Zzzzz mode

Posted by whiteshadow > 2021-04-09 15:26 | Report Abuse

need to break 275

yongyong88

552 posts

Posted by yongyong88 > 2021-04-09 16:28 | Report Abuse

high volume but not going up... holland crap. waiting at 0.19...

Posted by Cidukciduk > 2021-04-09 16:44 | Report Abuse

Do something.....

cg14134

500 posts

Posted by cg14134 > 2021-04-09 19:30 | Report Abuse

Wow, the co. has gone aggressive indeed in the $-lending biz. Total loans as at end-March amounted to RM106m, of which RM101.4m is secured. The security-to-loan ratio is very comfortable assuming "accurate" security valuations.

The disposal of Klasik Ikhtiar Sdn Bhd to result in RM10.8m-loss (Kan ni neh!), hopefully this is the last kitchen sink item and no more negative surprises going forward.

cg14134

500 posts

Posted by cg14134 > 2021-04-09 19:44 | Report Abuse

Hopefully the Along interest rates charged can justify the lending risks undertaken

Daham1968

42 posts

Posted by Daham1968 > 2021-04-09 19:57 | Report Abuse

so, monday how? any idea.

cg14134

500 posts

Posted by cg14134 > 2021-04-09 20:06 | Report Abuse

Must ask the ultimate boss lol

Posted by whiteshadow > 2021-04-09 21:17 | Report Abuse

run or stay?

cg14134

500 posts

Posted by cg14134 > 2021-04-09 23:00 | Report Abuse

I would stay. The loss on disposal does not involvement new cash outflow. If the ultimate tai ko paid 54sen cash to convert ICPS, their costs should still be around 40+sen assuming the party taking up the private placement at 20.6sen is part of the same controlling group.

cg14134

500 posts

Posted by cg14134 > 2021-04-10 12:36 | Report Abuse

Depending on how you view the stock. If you see KTG as a

(1) Fundamental play, then how it invests its cash from ICPS conversions should be the focus given substantial discount to NTA/share. I personally like the cautious investment into glove business even though it is no longer hot now. Generally management that is worth its salt should be able to generate a positive return and vice versa. I am neutral on the money lending business cos it all depends on how the co manages its credit risks. KTG's track record in this business is too short for anyone to make a judgment. I absolutely hate the LCEL investment, which is fit for insane mind only.

(2) Speculative play, then the point I posted earlier means the ultimate tai ko, AT SOME POINT (I don't know when!), would play up the share price to at least 50-100% above their costs to ENABLE profitable distribution. That would suggest a 60-80sen target range, easily.

Of course, the most dirty way is to keep stuffing duds to KTG for cash, and that would eventually tank the company. Should that happen, minority investors should gang up to appeal to SC for serious punitive actions.

cg14134

500 posts

Posted by cg14134 > 2021-04-10 12:37 | Report Abuse

Disclaimer: The above is just my read of the situation, not financial advice yeah...Caveat Emptor

luiws123

175 posts

Posted by luiws123 > 2021-04-12 11:49 | Report Abuse

This Ah long counter really difficult to play. Goreng to the low to get rid of the weak holders

ITCHYLEG

167 posts

Posted by ITCHYLEG > 2021-04-12 12:18 | Report Abuse

Pls refer to VC 0060
Same STYLE

cg14134

500 posts

Posted by cg14134 > 2021-04-12 12:28 | Report Abuse

I think speculative shares adversely affected by the big "hidden hand" article in The Edge Weekly. Everyone is watching and wondering whether to participate....The KV-group overplays their hands la....authorities have to do something lest kena "tiau" kow kow.

luiws123

175 posts

Posted by luiws123 > 2021-04-12 12:34 | Report Abuse

Authorities will never afraid of "tiau kow kow". May be they are the hidden hand

Posted by whiteshadow > 2021-04-12 14:06 | Report Abuse

going down

Posted by dumbinvestor > 2021-04-12 14:39 | Report Abuse

im waiting at 0.200 ..

Posted by whiteshadow > 2021-04-13 10:36 | Report Abuse

engine start

cg14134

500 posts

Posted by cg14134 > 2021-04-13 10:38 | Report Abuse

Om.....Up!

luiws123

175 posts

Posted by luiws123 > 2021-04-13 11:01 | Report Abuse

Many fake buyers and fake sellers

luiws123

175 posts

Posted by luiws123 > 2021-04-13 11:33 | Report Abuse

Buying and selling belong to same group of people.You will be trapped if you chase when the price is up

LEEKS7

161 posts

Posted by LEEKS7 > 2021-04-13 14:47 | Report Abuse

Fake buyers to Q, same as MMAG

cg14134

500 posts

Posted by cg14134 > 2021-04-13 14:58 | Report Abuse

Is that legal?

luiws123

175 posts

Posted by luiws123 > 2021-04-13 15:03 | Report Abuse

Same group of people who played mmag

Roody8

18 posts

Posted by Roody8 > 2021-04-13 15:29 | Report Abuse

4000 Traders same group of people!! How come?!

Why_

794 posts

Posted by Why_ > 2021-04-15 11:59 | Report Abuse

QR loss every qtr possible RI, share consolidaton next?

Why_

794 posts

Posted by Why_ > 2021-04-15 12:04 | Report Abuse

Run for your life.

abcb

3,052 posts

Posted by abcb > 2021-04-15 17:09 | Report Abuse

Don't worry,keep relaxing

abcb

3,052 posts

Posted by abcb > 2021-04-15 17:20 | Report Abuse

Net cash company

leeann28

50 posts

Posted by leeann28 > 2021-04-16 09:39 | Report Abuse

gud morning all...how far KTG can get up???

abcb

3,052 posts

Posted by abcb > 2021-04-16 10:05 | Report Abuse

On the 15 March,Mr Tan Tow Hua,the founder of Chipseng Heng who subscribed 84,087,000 of private placement shares by Chipseng Heng Holdings Sdn Bhd- deemed interest pursuant to Section 8 of the Companies Act 2016 by virtue of his shareholdings in Chipseng Heng Holdings Snd Bhd and please keep in mind,the important name of registered holder is HONGSENG CAPITAL SDN BHD pledged securities account for Chipseng Heng Holdings Sdn Bhd

What does it mean?
The answer is HONGSENG CAPITAL SDN BHD and Chipseng Heng Holdings Sdn Bhd both are very close related to each other

abcb

3,052 posts

Posted by abcb > 2021-04-16 10:18 | Report Abuse

My advise is slowly accumulate and be patient

ITCHYLEG

167 posts

Posted by ITCHYLEG > 2021-04-16 11:00 | Report Abuse

Don't buy this KTG
I predict below 20c next month

luiws123

175 posts

Posted by luiws123 > 2021-04-16 11:42 | Report Abuse

I guessed the money received from conversion of preference shares all loaned to Hong seng sdn bhd to play down the price this counter.

Posted by QWERTY88 > 2021-04-16 11:47 | Report Abuse

I predict will up next month.

Posted by oldchinaman > 2021-04-16 11:55 | Report Abuse

"QWERTY88 I predict will up next month."

You said up, ITCHYLEG said down
Let see what happen next month

Sy2020

42 posts

Posted by Sy2020 > 2021-04-17 14:21 | Report Abuse

KTG glove biz?

leeann28

50 posts

Posted by leeann28 > 2021-04-19 09:58 | Report Abuse

what happen tu KTG..

Posted by dumbinvestor > 2021-04-19 12:05 | Report Abuse

0.200 soon .. im waiting there

Posted by oldchinaman > 2021-04-19 15:28 | Report Abuse

Don't touch

Posted by Ks51705170 > 2021-04-20 16:53 | Report Abuse

Sleeping giant.....

abcb

3,052 posts

Posted by abcb > 2021-04-21 09:10 | Report Abuse

Keep moving up slowly and steady

Posted by Ks51705170 > 2021-04-21 09:52 | Report Abuse

To break 0.27 resistance....

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