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After the dissolution of the Congress, the stock price of the advanced joint venture went from a low of 6.5 cents on November 4th to 32 cents on November 24th, a surge of 400%.
In any case, after Anwar officially became the 10th Prime Minister, the share price of the advanced joint venture fell from its high level and closed at 20.5 sen last Friday.
This is a typical example of "buying rumors and selling facts". When Anwar officially became the prime minister, the stock price of "Story End" also fell sharply.
The question that the market is most concerned about today is "Which politically connected stock will be the next stock that may go up?" ".
The answer will be "Who will be the next Deputy Prime Minister"? The unity government organized by Anwar is based on the Pakatan Harapan (PH) and Barisan Nasional (9BN).
The current chairman of the Barisan Nasional is Dato' Seri Ahmad Zahid. There are rumors in the market that Ahmad Zahid may be the lucky one.
The GEM company Weiling Technology ( MQTECH 0070 ) and the main board construction group Jiankun ( JIANKUN 8923 ) are listed companies related to Ahmad Jahi. Ahmad Zahid's daughter Dato' Nurulhidayah binti Ahmad Zahid is currently the director of Weiling Technology, and his son-in-law Dato' Saiful Nizam is the director of Jian Kun.
Lunu Setaya The market is paying attention, will these 2 stocks repeat the history of Advanced Associates (ACB) stock price madness in the past few weeks? Last Friday, MQTECH closed at 4 sen, with a total of 17.4 million shares changing hands; Jiankun closed at 21.5 sen.
If the history of advanced joint ventures repeats itself, the target price of Weiling Technology may reach 20 cents, and the target price of Jiankun may reach RM1.00.
Even if the share price performance of these two companies is only half that of Advanced Associates (ASB), that is enough to squeeze these two companies into the top ten stocks for trading.
Jiankun closed at 26 sen on Friday. The maximum price (limit up price) it could reach on Monday is 56 sen. Should go up by at least 30 to 40% on Monday but anything above that, I am not that confident.
Jiankun International Bhd’s unit has been slapped with a notice of demand from Fivestar Development (Puchong) Sdn Bhd for RM12.98 million linked to a joint venture agreement for the development of a residential property in Petaling, Selangor
Jiankun said FiveStar is seeking the payment of RM12.98 million in unpaid sums owed by Jiankun’s unit JKI Development Sdn Bhd pursuant to the joint venture agreement dated July 28, 2015, and a supplementary agreement dated Oct 5, 2016.
Jiankun Mazhong (JIANKUN, 8923, main board property stocks) has signed a joint development agreement (JDA) with Semenyih freehold land owner, NTL International Holdings (M) Sdn Bhd, to develop services with a total development value of 215.1 million ringgit apartment. This amount is three times the current market value of Jian Kun Ma Zhong.
Kum said the JDA was signed by its wholly-owned subsidiary Nagamas Bizworks Sdn Bhd.
According to JDA, Jiankun will bear the costs and expenses of project development and completion.
The RM215.1 million project comprises a 37-storey serviced apartment building with serviced apartment units, commercial units, affordable housing, amenities and a seven-storey car park.
Edwin Silvester Das, executive director and chief executive officer of Jian Kun Ma Zhong, said in a statement that the joint development is in line with the group's move to work with landowners to expand its property development business.
He said the joint development provided a win-win situation for NTL International and Jiankun Mazhong. This is also a testament to the group's capabilities and track record in the construction and property development industries.
“We believe that the proposal of serviced apartments with affordable housing units will provide the right mix to meet the growing demand for affordable housing.
“As the land is about 7.2 kilometers away from the Kajang MRT station, we believe it will also be attractive to middle-income households in and around the Kajang, Cyberjaya and Putrajaya areas.”
According to him, developing affordable housing can be costly given the rising cost of land ownership. However, joint development collaborations like this will help keep development costs down.
Jian Kun would benefit from the joint development agreement without having to build its land bank, he said. This will help boost the group's growth prospects as the property development industry recovers in the post-pandemic era.
8923 JIANKUN JIANKUN INTERNATIONAL BERHAD Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposalWhether the corporate proposal involves the issuance of new type and new classof securities? NTypes of corporate proposal : Private PlacementDetails of corporate proposal : Private Placement of up to 98,000,000 newordinary shares in Jiankun, representing approximately 40% of the total numberof issued shares of JiankunNo. of shares issued under this corporate proposal : 17,500,000Issue price per share ($$) : 0.1900Par Value ($$) (if applicable) : 0.000Latest issued share capital after the above corporate proposalIn the followingUnits : 342,886,869Issued Share Capital ($$) : Malaysian Ringgit (MYR) 68,619,967.010Listing Date : 14/12/2022Remarks:You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
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....
Posted by spielmacher > 2022-05-09 21:00 | Report Abuse
JVA is back!!