Handal founder and former executive chairman Datuk Mohsin Abdul Halim and his son Mallek Rizal Mohsin, who is executive vice-chairman of the company, have been selling down their stakes over the last few years, holding a combined 8.98% stake as at Dec 17.
According to the company’s 2019 annual report, it has set out a turnaround plan that aims for it to achieve a market capitalisation of RM500 million by 2022, which can only be achieved by firstly returning to the black.
Still, some may view this target as ambitious. Shares of Handal have risen by 16% over the past year to close at 36 sen last Thursday, giving it a market capitalisation of RM78.67 million.
The latest Q resullt is believed targeting to release after 30 days which is on Monday 16th Feb,2020
Handal Energy Berhad (formerly known as Handal Resources Berhad) (“Handal” or “the Company”) wishes to announce that the Company has received a notification from the following directors of the Company, of their intention to deal in securities of the Company during the closed period. The closed period is in relation to the announcement of the Company's quarterly result for the period ended 31 December 2019 and their existing interest in the securities of the Company are detailed as below:
This announcement is dated 16 January 2020.
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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....
tualp
452 posts
Posted by tualp > 2019-11-19 11:08 | Report Abuse
my target entry price is RM0.32