We refer to the Company’s announcement on 21 January 2016 in relation to the memorandum of understanding (“MOU”) entered into by KTC Consolidated with SCGM Bhd on the same date.
Subsequent to the signing of the MOU, the Board of Directors of KTC Consolidated wishes to announce that Kim Teck Cheong Distribution Sdn Bhd (“KTC Distribution”) and Kim Teck Cheong (Sarawak) Sdn Bhd (“KTC Sarawak”) (hereinafter referred to as “Distributors”), both are subsidiaries of the Company had on 20 February 2016 entered into the distribution agreements (collectively referred to as “Agreements”) with Lee Soon Seng Plastic Industries Sdn Bhd, a wholly owned subsidiary of SCGM Bhd (hereinafter referred to as “LSSPI” or “Owner”), respectively to undertake the distribution and sale of finished goods products manufactured and sold by LSSPI (“Product”) in Sabah and Sarawak respectively on the terms and conditions as stipulated in the Agreements.
The details of the announcement are set out in the attachment below.
My opinion is ... you can trace the past and predict the future with clue. But you won't know how high and low those counters can be. Set your profit and lost limit is quite important. Also if the stock is worth to top up to break even. And I think positively on ktc.
This puppy earn a bit but when shopping buy this buy that like his father printing money...keep spend big money like tat no wonder puppy share price drop drop drop recently..tp0.20..ok to buy in la...
We are already at the 34.5 sen support...Come on rebound is coming....Tomorrow hope to fly back to 40 sen! Hope tomorrow it will break 36.5 sen to trigger a break out buy.
Kim Teck Cheong: Aims to double revenue by acquiring competitor. Kim Teck Cheong Consolidated (KTC), already one of the largest consumer packaged goods distributors in Sabah and Sarawak, expects to double its revenue with the proposed acquisition of Sibu-based distributor and wholesaler Popular Trading (Borneo) Corp SB. The company said that it had signed a MoU to acquire 100% equity interest in Popular Trading. (StarBiz)
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....
Jonathan Keung
4,436 posts
Posted by Jonathan Keung > 2016-02-29 11:37 | Report Abuse
KTC sold down because last qtr profit drop ( partly due to listing exercise )