On behalf of the Company, AmInvestment Bank wishes to inform that it has submitted the Company’s third (3rd) quarter financial results for the financial period ended 30 September 2012 which has been subjected to a limited review by an external auditor to Bursa Securities for an early upliftment from being classified as a PN17 company under the Listing Requirements on 18 October 2012. Bursa Securities's decision is currently pending.
Straight away buy in some after my remisier told me this counter got new project awarded to them and might get out from pn17.. If uplifted from pn17 then the price for this counter might go up x2 or x3..hopefully get green light from bursa..
Wow, that is huge thing to ponder. Dont know how accurate FMT and Malaysian Reserve reporting. To check with the Edge. If that is so, the waiting games is here to stay.. Keep waiting...
3rd quarter audited is well expected. But full financial report is way out of expectation. Is the application premature?"early upliftment"? means what?
to invest in PN17 is really required huge determination. So many problems.Hope what was written in FMT is not accurate.If that is true,tomorrow have to sell all again...
FMT's statement conflict to what SC mention.Sc will conduct limited checking on 3rd qrt result but never mentioned have to wait till full year result....yyyyyyeeeeeeeeeeeeeeeeeeeee
News about further postponment need to be verified. We should wait further announcement fr SC as they are the one who make the decision.Regardless whether upliftment announcement come in 3rd or 4th quarter it does not affect much investment as the future look bright for this company. Nevertheless expecting SC will announce the upliftment anytime fr now.
Making profit is not the only criteria for early upliftment but more important is what is the restructuring plan and what is the company plan to sustain their business. Believe thheavy fit the criteria.
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....
deltacorp
155 posts
Posted by deltacorp > 2012-10-18 14:00 | Report Abuse
i m holding 0.365 since 2 yrs ago. finally get chance to feel abit profit. haha