Authority to Issue and Allot Shares pursuant to Sections 75 and 76 of the Companies Act 2016 “THAT pursuant to Section 75 and 76 of the Companies Act, 2016 and subject to the approvals of the relevant governmental/regulatory authorities, the Directors be and are hereby empowered to issued shares in the capital of the Company from time to time and upon such terms and conditions and for such purposed as the Directors, may in their absolute discretion deemed fit, provided that the aggregate numbers of shares issued pursuant to this resolution does not exceed 10% of the issued share capital of the Company for the time being and that the Directors be and are hereby also empowered to obtain approval from Bursa Malaysia Securities Berhad for the listing and quotation of the additional shares so issued and that such authority shall continue to be in force until the conclusion of the next AGM of the Company.
I still have 80 lots of Armada and 100 lots of KNM..
Will hold until it breaks 55..LET'S SEE WHO BREAKS THIS BARRIER FIRST THIS YEAR. Last year Armada won the trophy.
Both bought damn cheap can hold for as long as I want..
Another alternative, join me at Serba and Dayang, that's another race to see who will cross RM 2..if you all still want to be in O&G..it's Downstream and less prone to oil movement.
Otherwise come and join us in Gloves or Plantation..
China is facing attacks on all the fronts, starting from being reprimanded over the Covid-19 pandemic and accusations of misdoings involving Hong Kong, Taiwan, Xinjiang, the trade war, its tech programme “Made in China 2025” and so on.
To help rebuild his trust with voters ahead of the upcoming election, Trump is set to up the ante against China by applying all punitive means possible. One of the most effective and obvious instruments would be to portray China as isolated and abandoned by its partners.
A very bad days ahead. Now in hibernating mood...soon will explode.
As I said earlier markets is not certain now...USA CHINA & INDIA not aligned as one. Next week expected more downfall. Short term traders are risky. Long terms investors no problem but have to wait patiently till the markets recover. All the big big institutional players are equipped with highly softicated software's....they will get all the information in advance. We are like a tiny drop in the vast oceans. No way we can beat them unless we trade with smart.
run janet run ..run..its bear market rally..13sen buy back..hahahaha..i clear all my position already ..have strong feelings ..something not right about capital market..
This will directly help Glove counters share price continue go up. Technology also will go up because US doesn't seems to have lock down. Oil price will soon rebound to 60 by end of year.
Mabel..i think oil market will crash as Dollar will strenghten..i have no position at oil and gas stocks already..today i clear all my position..last batch..ICON..last week Friday i dispose Armada..i can marry new girl already and buy myvi for her..hahahaahahhh..:)
@apanama Mabel..i think oil market will crash as Dollar will strenghten..i have no position at oil and gas stocks already..today i clear all my position..last batch..ICON..last week Friday i dispose Armada..i can marry new girl already and buy myvi for her..hahahaahahhh..:) 11/06/2020 10:50 PM
All the best to you. Use that money to buy Gloves. Gives back what you gained to help the world community.
I have enough cars oledi with 5 Mercedes Benz. Now no more parking space oledi in my house.
I'm quite used to these fluctuation. I still believe in Armada. For me the price is still a bargain. If it drops, I will collect more.
I'm willing to wait and sell when it breaches 55...
This will directly help Glove counters share price continue go up. Technology also will go up because US doesn't seems to have lock down. Oil price will soon rebound to 60 by end of year. 11/06/2020 10:00 PM
Meow Yumee..
Beside uncertainty in Malaysia politics, Dow futures drop 700 points on virus second wave concern.
Only healthcare and tech related are top gainer. Currently my Tech sector has moved to P1 thanks to Inari, MyEG, Greatec, Penta etc etc. My Health Care selection now has dropped from P2 to P12 mainly due these accumulation over the last 3 days. That's what happen when you BUY, your margin reduces. Nevertheless, it's still a very healthy with a double digit margin in %.
"Kenyataan Di FB oleh Kementerian Kesihatan Msia (11.06.2020 @ 4.30pm)
Negara Brazil mencatatkan kenaikan jumlah kes harian melebihi 4 kali ganda iaitu 65,004 kes berbanding semalam iaitu 15,654 kes dan menjadikan negara ini mempunyai bilangan kes harian yang tertinggi di dunia.
Negara dari Amerika Latin ini juga menduduki tangga kedua selapas negara Amerika Syarikat bagi jumlah kes COVID-19 seluruh negara di dunia."
YOU can expect the demand in gloves will continue to rise together with other healthcare-related businesses. FYI, AT today command TOP VOLUMES in Bursa. Earlier, it was just a penny Tech stock. However when they position themselves into Health Care, the share price climb 300%.
Global demand for rubber gloves is estimated to reach 300 billion gloves this year, with an expected annual growth of 12%. Of that, 188 billion gloves will be produced by Malaysia which is the world’s largest producer and the leading exporter of rubber gloves, contributing 63% of the global supply. Most of the supply are coming from this Fantastic Four.
Yesterday in bursa about 950 counters are down. Hence I have used this opportunity to strengthen my position into Gloves Fantastic Four, Serbadk (collected two batches), Armada (also 2 batches) while the remaining queue are still waiting to be matched including Dayang. Will continue to monitor as we progress.
Lastly but least, train yourself to approach the market with discipline and avoid decisions based on emotions than you will be fine..
This is my bet and my market view. For FBMKLCI ..1,448 is the last defense (20% up from 1,207). Fail to hold above 1,448, market will start its selling mood again until window dressing end of the year. Dont know how low this time around market will go.
Bad scenarios for market from June until December 2020 as follows: 1. COVID 2.0 2. No vaccine for COVID. 3. USD strenghten (Dollar Index move to 102-105 level) as USA Election 2020 4. USA Election 2020 Trump loss 5. Brent crude oil retest USD 30 and below as USD strenghten and COVID 2.0 6. Malaysia political situation. Vote of no confidence for Muhyiddin in July 2020. If Muhyiddin and Perikatan Nasional feel threaten , they will call for snap election. After snap election, still not solve political situation as no majority or hung parliament.
Yes its normal for market to retreat after good run up (add 383 points from 1,207) within 52 trading days. But its also can be a BEAR TRAP.
For those who still has position and positive about market, pray hard COVID scenarios follow the SARS script whereby during SARS, there was a retreat after a good run then follow another good run after retreat.
But as for me, i tutup buku already. See you market next year or window dressing time.
So to all market warriors. BE CAREFUL and GOOD LUCK.
Mabel..i dare not to touch glove company. As for me, the valuation is too high already. beyond 1000% already. i would rather wait oil and gas stocks like ICON go down back to 3-5sen. Then i buy satu lori 10 tan. heheeheh..then touch 14 sen ..sell ..same goes to Armada..i will pray hard Armada to come down back to 135sen..heheheeheheh....jgn mare..:)
It's OK Bro...within most expectation. Oil price is estimated to increase at least 20% soon.
The U.S. Energy Information Administration (EIA) has raised its oil price forecasts for 2020 and beyond, The EIA now expects the Brent spot price to average $38.02 per barrel this year and $47.88 per barrel in 2020
I'm fully committed to continue to stay on board with the Fantastic Four ever since Teresa announced that Malaysia is donating 18 million Gloves to China early this year. Beside helping China, these Gloves Fantastic Four are also helping World Community to fight this pandemic Covid19. So when comes to Gloves, it's about giving back after winning so much. Money hereby become secondary. Don't get greedy or you will never make a profit
Never fear to collect from Red. because it will turn Green again. Collect before you missed out the boat. Happy Trading. Solid Auto will be another gem.
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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....
KAQ4468
21,497 posts
Posted by KAQ4468 > 2020-06-09 15:54 | Report Abuse
kah kah kah
aku beli Armada 1 lot 2 lot ????
kah kah kah