@gcke... looks like those with the given power remains inaction, this case will be a no case issue. IPO valuation approach and assumptions made should make known as facts n figures will be self explanatory. Anyway, don't think it will work out that way as we can't even know the face of the management n bod in its website below.
Warren Buffett mention before never ever deal with dishonest people. Honesty And credibility is doesn't come cheap. And those who are dishonest will never change their way.
The blame should be absolutely on our SC and other authorities that allowed such con company to cheat our our Msian public. Really stupid our poor retailer investors who are initially so happy when successfully in their IPO ballot.... and now losing like shit... Showed that our SC and authorities are either incompetent or ???? know what lah???
This is a proven con job already mah...!! After IPO then they said unaware of project problems.....obviously con job loh....!! Salesman promoter cum bananaman ChongJiauJau also malu until deleted all his bragging comments on LotteChem and Serbadk...!! Pui....!
Being relevant also no use loh....file complaint to SC mah....Lotte koreans conned ppl mah....ChongJiauJau also went hiding in lobang cave....a bit of warning.....LotteChem will drop more....
The adverse outcome from this IPO issuance exercise is not only limited to Lotte. 2.The repercussion extends far and wide. 3.Investors- retail,public,cornerstone,institutional will be wary of the next big IPO issue scheduled for the later part of the year. 4.MSWG can also issue a public statement on IPO fiasco.But as what had been commented by forumers they seemed to be so quiet and passive over such matter of public interest . 5.The regulators can also investigate the contradictory statements made and issued publicly by Lotte and Johor expo. Action is required so that the public can have confidence that they can depend on the regulators or authority to safeguard their pecuniary interest.
Extracts from the published and official webpage of the Securities Commission Malaysia.
Read- What We Do Established on 1 March 1993 under the Securities Commission Act 1993, the SC is a self-funding statutory body with investigative and enforcement powers. It reports to the Minister of Finance and its accounts are tabled in Parliament annually. The SC’s many regulatory functions include:
Supervising exchanges, clearing houses and central depositories; Registering authority for prospectuses of corporations other than unlisted recreational clubs; Approving authority for corporate bond issues; Regulating all matters relating to securities and derivatives contracts; Regulating the take-overs and mergers of listed corporations, public companies, and entities as specified by the SC; Regulating all matters relating to unit trust schemes; Licensing and supervising all licensed persons; Encouraging self-regulation; and Ensuring proper conduct of market institutions and licensed persons. Underpinning all these functions is the SC’s ultimate responsibility of protecting the investor. Apart from discharging its regulatory functions, the SC is also obliged by statute to encourage and promote the development of the securities and derivatives markets in Malaysia.
Where is ChongJiauJau leh.....?!!! After his famous articles out but LotteChem gone kaputt......he disappeared and hiding in other forums woh.....!! Worse is he DELETED ALL HIS BRAGGING COMMENTS before the collapse loh...!! This is serious COWARDICE BEHAVIOUR.....!!! Coward like him only hide and comes out when good times...what is the use of such coward leh? LMAO
1993 who was SC chairman? Now Ranjit Singh can he understand what the Act means?
Posted by gcke > Aug 11, 2017 12:39 PM | Report Abuse
Extracts from the published and official webpage of the Securities Commission Malaysia.
Read- What We Do Established on 1 March 1993 under the Securities Commission Act 1993, the SC is a self-funding statutory body with investigative and enforcement powers. It reports to the Minister of Finance and its accounts are tabled in Parliament annually. The SC’s many regulatory functions include:
Supervising exchanges, clearing houses and central depositories; Registering authority for prospectuses of corporations other than unlisted recreational clubs; Approving authority for corporate bond issues; Regulating all matters relating to securities and derivatives contracts; Regulating the take-overs and mergers of listed corporations, public companies, and entities as specified by the SC; Regulating all matters relating to unit trust schemes; Licensing and supervising all licensed persons; Encouraging self-regulation; and Ensuring proper conduct of market institutions and licensed persons. Underpinning all these functions is the SC’s ultimate responsibility of protecting the investor. Apart from discharging its regulatory functions, the SC is also obliged by statute to encourage and promote the development of the securities and derivatives markets in Malaysia.
Our Securities Commission(Persuruhjaya Sekuriti)-SC, needs to be proactive and investigate this IPO issuance so that they can uphold one of its founding ULTIMATE objectives which is safeguarding and protecting the investors' interest. Silence is no longer an option on such topical matter of public interest:-(((
The severe decline (and can't recover) could be due to their last record of TITAN. In my memory, in the past, TITAN trend to drifting down, and finally taken private at very cheap price. Most investors can't make money from TITAN and the management /directors won't care much about the price /investors.
Hope somebody can write a bit detail on TITAN, so that, investors know their style and take as reference.
@firehawk... if those with power are inaction, the happiest one is the management and the major SH. Enquire "unusual" price movement is the easiest regulator task but not other tasks, in particular investigation, siapa mau cari pasar? Anyway, I wish I am wrong.
don't be silly , LotteTitan is not the old Titan, but very much upgraded technology wise,more to that, is expanded and enlarged . Remember those days,Titan experienced extreme difficulty,as the essential raw materials, petrolium was priced at 100 usd per barrel,and now only 49-50 usd. The cost have since largely reduced,. Economic and market enviroments had since changed, then LCtitan could be having a brighter future.
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 704 views | 3 d ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 675 views | 7 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
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....
Bullcoming
848 posts
Posted by Bullcoming > 2017-08-09 10:59 | Report Abuse
Less selling pressure & oversold, this counter look pretty brilliant.