Certainly looks like it because just before opening one seller put up 200 shares at 1.32, and buyer to buy at 1.33x 9 lots, even parking at 1.35 could'nt get any..
Wow ...,price push down to 1.27 or further down !! It is time to buy n top up !! Suspect syndicates doing the push down n accumulate more tickets to up their stake @ bottom price ....!!
Really cheap sales now ..n suddenly went up. I m belived this coming 2nd qrt result must be improved significantly .. inside people might start buying and keep wait for result to come this month.
Very likely, insiders are buying and in the process push up the market price for Tecguan. Hopefully, the coming quarter results will be good. This company has not been paying dividend for years; will the Board considers the plight of minority shareholders?
In a filing with Bursa Malaysia yesterday, the company, which is engaged in the manufacture and sale of cocoa products, said its revenue in the fourth quarter grew to RM98.53mil from RM76.51mil a year earlier.
“The increase was mainly attributed to the increase in sales volume.
Tawau people told me that this company is locked down by an untouchable asset will for 100 years. The board members are more than happy buying assets under personal gain than company.
TecGuan coming QR should be good as evidenced by so many palm oil companies earlier released their respective results. Those with holding power to keep their holdings for long term will be richly rewarded.
Global cocoa and chocolate market projected to reach $67.22 billion by the end of 2025 Trusted Business Insights’ updated ‘Latest Study on Cocoa and Chocolate Market 2019-2029’ factors in effects of COVID-19
All waterfish why buy this Ah Beng counter? 1. Never paid dividend 2. No growth 3. All profits charged to abang-adik company but reported only RM1-2m profit 4. Use waterfish money to enrich themselves.
If TecGuan board of Directors is to declare a dividend for FY ended 31/1/2022, there is a possibility of market price to rise to RM2.00. For many many years, TecGuan did not pay dividend at all. With profits keep on increasing due to higher CPO prices, along with larger palm estates newly acquired, I strongly believe it is only a matter of time, the Board will pay dividend in order to boast its price.
markgold, replanting and expanding plantation landbank is extremely expensive. teck guan does not earn the billions like sime darby plantation, ioi and klk. it's understandable in this case if no dividend is paid as long as profits are rising.
It seemed to me that insiders are buying Tecguan. Some thing positive might be forth coming judging from the quantities traded since QR released. With good CPO price trading since last year, I am quite sure coming QR results will also be good.
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....
pang72
51,533 posts
Posted by pang72 > 2019-04-01 15:49 | Report Abuse
Add more when down