thks pilot20 - I am trying to find out how a stock usually react once main board tranfers approved till actual transfer. Will stakeholder for some reasons push it up before actual transfer?
I would not speculate if the major stakeholder will push the stock up but generally approval of transfer to main board is a good indicator that the company is doing well because the criteria of listing in main board is stricter.
Based on the recent transfer of Salutica in March 2017, they got the approval on 13/3 and completed the transfer on 24/3. For Hsseb, next week is impossible because there is only 3 trading days. Once company announces the transfer of listing, another 2 trading days are required for it to take effect. So let say if Hsseb make announcement on 28/8, the transfer will only be valid starting from 4/9. I believe the big day will be 1 of the day between 4/9 to 8/9. Correct me if I'm wrong.
@jane1111 couldn't give you an answer. At this point it may go up more or retrace back. Looking at salute, the stock fell on the day to main board but hopefully not hsseb
Optimus9199..it means now waiting HSSEB to make announcement via bursa link. On the 3rd trading day after announcement (or u can use T+3), HSSEB will start the day at main board Correct me if I'm wrong.
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pilot20
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Posted by pilot20 > 2017-08-22 23:16 | Report Abuse
@kenneth your tp of RM1.50 is based on the main market requirement of at least 500 million cap during upon listing?