KLSE (MYR): PECCA (5271)
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0.995 - 1.01
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1,700 comment(s). Last comment by kingsley2236 3 days ago
Posted by greentower > 2021-10-29 11:35 | Report Abuse
interesting anual report. revenue reported increase rm40 mil, receivables doubled. people with accounting background can put 1 and 1 together. hopefuly this doubled receivables no end up as npl just for sake of boosting numbers.
also interesting is shareholder list. Huaren holdings hold 5.1 mil shares. looks like this confirm pecca is MCA linked counter like Matang, thestar. Wee ka keng? people with trading background will already see pecca lowest when there is political happening. that pcr test kit contract with kkm is further proof. it is anyone guess when did huaren buy in to pecca. for the sake Malaysian chinese people, hopefully huaren was not encouraged or forced to hold the baby when counter was above 4
now talk about recovery from this epidemic...is it still worthwhile to be healthcare? can see from glove stock. it is still worthwhile to pay rm100 mil to pecca majority shareholder family for a one year old company that make some mask and trade small quantity pcr test kit? minority shareholders must speak up and exercise their right on this transfer of wealth from a public listed company to the majority shareholder family. Big milking. Bursa must query.
Unless.....there is very few minority shareholder left. trading volume has been very low this 2 week. very strange. maybe all their trading accounts have been jammed up. please be very careful with this counter