this week will be a good time to buy stock based on fundamental and not related to oversea sentiment. Export oriented will be the hardest hit, health and medical related stock should be safe la, and for Theta.. anytime results will keluar. Expect Redtone bought a lot in todays trading.. target 15% is within their reach.
05-Aug-2024 Insider BERJAYA CORPORATION BERHAD (a substantial shareholder) acquired 580,000 shares on 02-Aug-2024. 05-Aug-2024 Insider BERJAYA CORPORATION BERHAD (a substantial shareholder) acquired 320,000 shares on 01-Aug-2024. 05-Aug-2024 Insider BERJAYA GROUP BERHAD (a substantial shareholder) acquired 580,000 shares on 02-Aug-2024. 05-Aug-2024 Insider BERJAYA GROUP BERHAD (a substantial shareholder) acquired 320,000 shares on 01-Aug-2024. 05-Aug-2024 Insider JUARA SEJATI SDN BHD (a substantial shareholder) acquired 580,000 shares on 02-Aug-2024. 05-Aug-2024 Insider JUARA SEJATI SDN BHD (a substantial shareholder) acquired 320,000 shares on 01-Aug-2024. 05-Aug-2024 Insider REDTONE DIGITAL BERHAD (a substantial shareholder) acquired 580,000 shares on 02-Aug-2024. 05-Aug-2024 Insider REDTONE DIGITAL BERHAD (a substantial shareholder) acquired 320,000 shares on 01-Aug-2024.
Decision on NIISE said to be made soon. ===============================
By Jose Barrock / The Edge Malaysia
06 Aug 2024, 02:00 pm
This article first appeared in The Edge Malaysia Weekly on July 29, 2024 - August 4, 2024 THE tender committee for the National Integrated Immigration System (NIISe) project — aimed at integrating the border control system under various agencies of the Ministry of Home Affairs — is understood to have met last week and made a recommendation for the award of the project, sources familiar with the matter tell The Edge.
It is understood that another meeting took place late last week to further discuss the merits of the two final bidders — Dagang NeXchange Bhd or DNeX (KL:DNEX) and Theta Edge Bhd (KL:THETA) — but details had yet to surface at press time.
“What we know is an announcement of the winner is going to be made soon, there is some ambiguity as to whom to award it to, [also] there is a lot of lobbying going on,” one source says.
Meanwhile, sources familiar with the bidding for the NIISE project say DNeX’s bid is higher, at some RM1.1 billion to RM1.2 billion, in contrast to Theta Edge’s price of RM800 million.
As per The Edge, there is another important development at Theta Edge, where REDTone Digital Bhd (KL:REDTONE) has recently surfaced as a substantial shareholder. On July 10, REDTone acquired 600,000 shares in Theta Edge and nudged its shareholding to 6.4 million shares or 5.43%. Since then, REDTone has upped its stake to 11.64 million shares for 9.87% equity interest.
Theta Edge’s stock gained more than 400% from early February this year when it was trading at 60 sen apiece to hit a record high of RM3.22 on July 23. Since then Theta Edge’s stock has tapered off and finished last Friday at RM2.34, for a market capitalisation of RM276 million. REDTone offers telecommunications and managed telco network services, Internet of Things and cloud business, smart farming and it also operates as a reseller of Starlink, an Elon Musk company which accelerates internet speed.
REDTone’s shareholders are businessman Tan Sri Vincent Tan Chee Yioun’s Berjaya Group which has a 40.79% stake, while Sultan Ibrahim of Johor, who is now the King, holds 17.34%.
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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....
GoToHolland
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Posted by GoToHolland > 3 weeks ago | Report Abuse
Weiii...burung say THETA major shareholder Tabung Haji + Agong, no need worry.....wkakakakakkaka