Posted by 651158 > 2021-07-23 08:48 | Report Abuse

Who collect more at 0.015sen and sell out by 0.020 sen can get the little profit

Posted by darkxfs > 2021-07-23 10:43 | Report Abuse

Bcb got volume 0.255

Posted by 651158 > 2021-07-23 10:51 | Report Abuse

No big shak come share cannot move and the son i think just only lift right only

Posted by whistlebower99 > 2021-07-23 11:08 | Report Abuse

Not many retail participants, big boys trying hard to lure them in.
Big boys looks like gradually selling their rights shares to unlock their money and make some profit from the free warrants.

Posted by ken2004 > 2021-07-23 12:32 | Report Abuse

This is the time for prediction, will the price go down or go up as currently still maintain between 0.1 - 0.115....

Posted by ken2004 > 2021-07-23 12:33 | Report Abuse

With the history, I really don't dare to risk on buying unless I got insider news

Posted by ken2004 > 2021-07-23 12:34 | Report Abuse

To risk, better bet to buy the warrant instead

Posted by aldehid > 2021-07-23 15:09 | Report Abuse

Be careful operator play this stock 72% buy but no increase of price. And the suddenly the price down 0.100 for one unit to collect the player buy price 0.100 and up to 105 again

Posted by whistlebower99 > 2021-07-23 15:37 |

Post removed.Why?

Posted by ken2004 > 2021-07-23 16:20 | Report Abuse

Break 0.10 soon....

Posted by whistlebower99 > 2021-07-23 16:30 |

Post removed.Why?

Posted by Citadel9999 > 2021-07-23 17:06 | Report Abuse

hahaha all trapped

Posted by purple70 > 2021-07-23 18:55 | Report Abuse

STAY AWAY.....Let them burn themselves!

Posted by 651158 > 2021-07-23 21:16 | Report Abuse

Why director don't no how to contact the share market just let it drop only

Posted by hh223 > 2021-07-24 12:09 | Report Abuse

Syndicates are fooling themselves, let them bite their own bullets !

Posted by Citadel9999 > 2021-07-24 12:44 |

Post removed.Why?

Posted by whistlebower99 > 2021-07-24 12:46 | Report Abuse

_________________________________________No. of Rights Shares____% of total issue
Total valid acceptances__________________________186,547,381________18.80
Total valid excess applications____________________805,442,371_________81.16
Based on the high % of excess applications, there might be more substantial shareholders (5% and above) who have yet to declare their shareholding to Bursa regulators.
At this moment we only know JOE Holding Berhad accumulated 21.58% and MSW holding 4.63%. Could the underwriter be the major shareholder too?
Wait for more announcements on Changes in Shareholding in coming days.

Better to stay at sideline and watch how the big boys fight each other to free up their money from here.

TAYOR.

Posted by whistlebower99 > 2021-07-24 12:59 | Report Abuse

Joe Holding Berhad spent RM24,972,000.00 for the 21.58% stake. PASUKGB collected around RM99 million from this exercise.
Who are the big boys contributing most of the remaining RM74.5 million and trying to release their shares & warrants to the market?

Posted by suffianfauzi > 2021-07-24 14:43 | Report Abuse

Wa can goreng2?

Posted by 651158 > 2021-07-24 23:01 | Report Abuse

Must be can cooking

Posted by 651158 > 2021-07-25 11:55 | Report Abuse

Tomorrow see can get 0.010 sen wa or not

Posted by suffianfauzi > 2021-07-25 15:16 | Report Abuse

Aiyoo.. Dont move down lagi.. I level 2sen niee.. Haha

Posted by f4f4 > 2021-07-25 20:19 | Report Abuse

Play Black for 3 years in warrant. If down to 0.01 in seller buy 10m only 100k.

Posted by mf > 2021-07-25 21:41 | Report Abuse

In United States of America, from 3 January 2020 to 5:11pm CEST, 23 July 2021, there have been 33,875,385 confirmed cases of COVID-19 with 604,546 deaths, reported to WHO

Posted by 651158 > 2021-07-26 07:49 | Report Abuse

Anytime can be like Boom

Posted by 651158 > 2021-07-26 07:50 | Report Abuse

Today my 0.010 WA is coming

Posted by 651158 > 2021-07-26 07:51 | Report Abuse

Anytime can be cooking

Posted by AlfI3 > 2021-07-26 08:12 | Report Abuse

Cooking more painful than goreng....!

Posted by cunoldfox > 2021-07-26 08:45 | Report Abuse

pls..delist all fintec con group stock...pls

Posted by cunoldfox > 2021-07-26 08:46 | Report Abuse

there is no purpose for this group existence

Posted by cunoldfox > 2021-07-26 08:48 | Report Abuse

after focus，pasuk pulak, after pasuk, lambo pulak..nmkc hai..

Posted by 651158 > 2021-07-26 10:52 | Report Abuse

So many people waiting 0.010sen, difficult get 0.010

Posted by cunoldfox > 2021-07-26 12:18 | Report Abuse

consolidate again next year when go push down to 2 cents


wahaaaa..Karma is waiting for the ceo

Posted by Universe > 2021-07-26 12:26 | Report Abuse

No more Right Issue, it is done. Now mother shares is only 1.157B. Don't needs to panic sell.

WA at 1.5C is undervalue , ex price only 10C, wait for rebound only sell, 3 years is long enough to keep for a while.

Posted by Citadel9999 > 2021-07-26 12:32 | Report Abuse

daisei

Posted by cunoldfox > 2021-07-26 13:07 | Report Abuse

in fact this fintec con group should exist in bursa at all.

Posted by cunoldfox > 2021-07-26 13:09 | Report Abuse

push up to sky limit n made huge profit n later push down .their existence is not doing business

Posted by cunoldfox > 2021-07-26 14:17 | Report Abuse

con stock..con stock....

Posted by Universe > 2021-07-26 15:12 | Report Abuse

Right, most retailers like to chase to sky high, and curse con stock after all sharks have cleared their stocks to cause panic sell at low. They then waited for another push up to chase high.

Posted by Good123 > 2021-07-26 17:40 | Report Abuse

Maafkan mereka. Move on, usah mengeluh :)

Sendiri pilih sendiri tanggung!







Date Range Close
26/07/2021 0.085 - 0.10 0.09
23/07/2021 0.095 - 0.115 0.10
22/07/2021 0.10 - 0.125 0.105
21/07/2021 0.08 - 0.125 0.11
19/07/2021 0.10 - 0.12 0.105
16/07/2021 0.11 - 0.175 0.125
15/07/2021 0.175 - 0.265 0.195
14/07/2021 0.225 - 0.415 0.23
13/07/2021 0.295 - 0.59 0.33

Posted by Good123 > 2021-07-26 17:45 | Report Abuse

Sesiapa yg membeli pada 59sen, Kini tinggal 9sen, 50 sen dah tiada :)

Posted by TrippleZ > 2021-07-26 17:46 | Report Abuse

50sen tidak hilang. Sudah pindah ke account saya :)

Posted by whistlebower99 > 2021-07-26 21:21 |

Post removed.Why?

Posted by whistlebower99 > 2021-07-27 08:33 | Report Abuse

Has been 5 trading days since the listing of rights shares and free warrants. Expect announcements on Changes in Shareholdings of directors and substantial shareholders to be published soon.
We will then have more details on the big subscribers of rights issues and their holdings as well as any disposals.

Trade with care

Posted by Good123 > 2021-07-27 09:02 | Report Abuse

Mak balik main saudee kini kot? :)

SAUDEE - MAK SIEW WEI IS INVESTING BIG IN THIS STOCK !!!



1. Mak Siew Wei is Currently Executive Director of SAUDEE and also sits on boards of few other public listed companies

Below info taken from latest 2020 Annual Report. As we can see, Mak Siew Wei had been appointed Executive Director of Saudee since August 2020.

He is a prominent person in the public listed space, and also sits on few other boards such as AT Systematization Bhd, Advance Information Marketing Bhd, Green Ocean Corporation Bhd, Pasukhas Group Bhd.

Believe that his expertise will be valuable to SAUDEE in the upcoming future.







2. Undertaking to subscribe rights issue - a show of BIG confidence !!!!

SAUDEE will be undertaking a right issue to expand its production capacity. From the document, we can read that Mak Siew Wei, has undertaken to subscribe the minimum required quantity for this rights issue to move forward.

Should this scenario happen, he will be holding about 30% of SAUDEE after the rights issue has been completed, and 100% of the new warrants.

This understaking shows a big confidence by him in the purpose of the right issue and the future of this company.



3. The main purpose of the rights issue is for expansion ( a good thing ! )

Refer below notes taken from the rights issue document. At the minimum scenario, the funds will be used to construct a new cold room, to increase capacity of product loads.

This purpose of rights issue is seen as a positive thing, as the funds will be used for expansion and not to pay debt.

At the maximum case scenario, the company will utilize the funds for expansion of production capacity and other necessary work besides the construction of cold room.






4. Technical Analysis - Bankers chips increasing position in 60m chart, reverse trend breakout

Let's take a look at the 60 minutes chart of SAUDEE using Homily software:





A few observations:

i. We see that the price has broken up above the resistance line, indicated by the change of colour from green to pink. This means that the downtrend has changed to an uptrend

ii. Red chips have started to increase by more than 50%, and green chips have been reduced (weak sellers have been flushed out). This show more long term holders are buying into this stock and holding on for higher prices

iii. If price continue trending then price should be able to test resistance around R1 43c, then R2 50c.



5. SAUDEE WA - A potential high gainer with the right momentum and sentiment

Let's take a look at SAUDEE WA profile. We note that the expiry is about 1 months ++ to go, however, the strike price of 50c is quite reasonable for the time left.

With a premium of 51%, this warrant might surge higher should the mother shares see strong momentum in the upcoming weeks.



CONCLUSION

Based on my opinion, SAUDEE should be given attention in coming weeks, based on below:

i. Mak Siew Wei as Executive Director of SAUDEE who also sits on many other public listed boards, a value adding gem

ii. Undertaking of rights issue, showing a big sign of confidence in the company future expansion

iii. The funds from right issue will be used to construct a cold room to increase product capacity ( a positive sign for investors )

iv. Chart shows that red chips have been increasing position steadily in last few sessions, indicating investors are holding on for higher prices

Thanks for reading and see you in the next post.

THE ABOVE IS NOT A BUY OR SELL CALL AND IS ONLY A PERSONAL OPINION ARTICLE AS A SHARING TO BSKL COMMUNITY MEMBERS.

Yours Truly,

INVESTHOR

Posted by Good123 > 2021-07-27 09:15 | Report Abuse

Mak dah balik saudee ka? :)

Ingat!

On Aug 11, Mak Siew Wei was appointed as executive director of the company.



Credit: TheEdge

Mak is also a director in:

1. AT Systematization Berhad

2. Green Ocean Corporation Berhad

3. Advance Information Marketing Berhad

Mak's entry into those companies, have seen new business ventures being announced followed by big movements in their share prices.

This could be an indication of what is to come for Saudee.



Why do these new developments make Saudee interesting?

First of all, the DBT involving Tan's 53.8 million shares was done at a price of 40 sen.

Meanwhile, the open market disposal of Khoo's 20 million shares were done at 55 sen.

This means that the new shareholders cost would rougly be at 44 sen, if not higher.

Why is he paying 44 sen for a loss making and debt laden company?

As of July 31, 2020, the company was in a negative cash position of RM3.99mil.

Furthermore, the company has long term debts of RM4.98mil and short term debts of RM22.01mil.

This means the company has total debts of RM26.99mil.

Sources close to the new major shareholders say the first thing on the agenda is to pare down Saudee's huge debt as soon as possible.

"The new major shareholders want Saudee to be a zero gearing company. That's the priority before thinking about any business expansion. This will save the company lots in terest payments," said the source.

Once that is done, then the new shareholders have plans to turn the business around. They see potential in the food business, and furthermore, Saudee has already secured a few new export markets.

"With an injection of funds, Saudee's Sungai Petani plant can be ramped up, and perhaps by next year, the company will start seeing some contributions from the export markets," said the source.



Worst is Over

On a brighter note, it does appear as if the worst is over for the company.

Saudee had embarked on a huge kitchen sinking exercise, which saw the company record a loss of RM27.78mil for the nine month period to July 31, 2020.

For the third quarter alone, Saudee recorded net losses of RM19.68mil on the back of revenue of RM19.47mil.

In its filing to Bursa, Saudee said that the losses incurred in the third quarter were mainly due to the provision of allowances for slow moving inventories and the write-off of inventories amounting to RM17.40mil and RM25.40mil respectively.

Thus this also implies that the new shareholders are coming in at the tail end of Saudee's impairment and write-off exercise.

With most of the cleanup completed, it will be interesting to see whether Saudee on its own, will be able to turnaround in the coming fourth quarter results.



Moving forward

As it eyes to recover from its losses in the previous years, Saudee aims to transform itself to become the premium food manufacturer in Malaysia and in the Southeast Asian region.

According to its website, the Group is looking at:-

Embarking on an aggressive plan to expand and venture into the Middle East and European markets

Establishing a world class supply chain

Upgrading to the most modern and latest machinery and processes

Integration of information and communication technology.

Posted by whistlebower99 > 2021-07-27 09:30 | Report Abuse

@Good123,

SAUDEE

The person behind Credit Suisse nominee account very active in July, doing both buying and selling, some on same days.

On 5/7/21, it holds 40,176,800 shares (5.639%)

After days of trading, it disposed 28,924,800 shares on 22/7/21, leaving with 36,510,900 shares (5.114 %).


https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=credit%20suisse&cat=SH%2CCHSH&sub_type=&company=5157&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=%23%2F%23%2F&page=1#/?category=all

More like right pocket to left pocket to generate daily volume

Posted by Good123 > 2021-07-27 10:24 | Report Abuse

Mungkin, kasino kat genting belum buka, ada platform untuk berjudi/spekulasi disini ? :)

Posted by 651158 > 2021-07-27 10:29 | Report Abuse

Anytime can be like Boom , up to the sky ha ha ha just buy and keep more

Posted by 651158 > 2021-07-27 15:59 | Report Abuse

Just left right only today