For a company which recorded profits in almost every quarter, it is illogical to think that Gadang's cash flow is insufficient to support the projects at hand. In fact, the previous private placement announced by Gadang took place in 2016 which was three years ago. It may imply that they are bullish about the future projects they will received.
Then why go for another private placements, why not right issues? It implies that they need cash urgently as the whole process of private placement is faster than right issues. Private placement can bypasses the stringent regulatory requirements of a public offerings and they don't even require the approval of shareholders again as it has been approved during the last AGM. Both sides are trying their best to improve their cash position, let's pray that they will succeed in getting a lot of projects.
DWL has hit a high of RM2.00 on 23 April 2019 before reversing to current level. We believe the stock is oversold as displayed by key momentum indicator.
The emergence of Gadang Holdings Bhd with a 10% stake in DWL and the appointment of former Prasarana CEO as the MD, could be indication turn-around story, hence the share price pullback to its support level would be good entry point as it may retest its recent high.
I have been waiting for free fall. But no. Look nice. Support will come soon. Right issue is impossible without contract winning announcement beforehand.
It's down because global markets are down. If you don't hold any DWL shares, why are you here barking that the price is going to fall? Are you that petty and insecure that you need to revel in your schadenfreude every time the price drops?
what now at 0.885.... what happen to this stock... please dont make me worry much... althought i intend to hold, but dislike to see it red on my profile...
1. Ex-MRT Corp, CEO Shahril Mokhtar as DWL managing director. 2. Ex-principal secretary of sarawak chief minister, Wan Khalik Wan Muhammad as executive directors. 3. Bestinet founder, Datuk Seri Aminul Islam Abdul Nor as substantial shareholder (30%). 4. Gadang holding berhad as substantial shareholder (10%) and joint venture partner. 5. Cash position at 28 mil.
Item 1-3 dont think are good point.. they all are BN related right?
Ming,try check Wan Khalik Wan Muhammad.who become MD for g3 global 5th april.after that they got the AI park project at bandar malaysia and the share shot up super high
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SDR245
1,675 posts
Posted by SDR245 > 2019-05-09 09:54 | Report Abuse
Strong support 0.90. Gadang price. Price only up after conversation wa done or any good announcements. Hold til 2/3 q