Trading Catalyst • One of the key players in the design, manufacturing and modification of specialised automation machines. • Proxy to the rising adoption of automation amongst companies in order to improve production efficiencies & capabilities and maintain a leaner operational cost structure. • Capitalising on the adoption of fourth industrial revolution (Industry 4.0) with opportunities under the field of artificial intelligence, big data, robotics and the leasing of automated lines and equipment. • Technically, the breakout above RM0.25 suggests price may charge towards the next resistances at RM0.29-RM0.325 with long term target at RM0.36.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS I-STONE GROUP BERHAD ("I-STONE" OR THE "COMPANY") EMPLOYEES SHARE OPTION SCHEME ("ESOS") I-STONE GROUP BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) ESOS Description I-STONE GROUP BERHAD ("I-STONE" OR THE "COMPANY")
EMPLOYEES SHARE OPTION SCHEME ("ESOS") Unless otherwise defined, the definitions set out in the earlier announcement in relation to the ESOS shall apply herein.
On behalf of the Board of Directors, M&A Securities Sdn Bhd is pleased to announce that the final copy of the bylaws of the ESOS has been submitted to Bursa Securities on 24 August 2020. Accordingly, the effective date of implementation of the ESOS shall be 24 August 2020.
PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT OF TIME DURING THE DURATION OF THE SCHEME FOR ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF I-STONE AND ITS SUBSIDIARIES ("I-STONE GROUP" OR "GROUP") (EXCLUDING DORMANT SUBSIDIARIES, IF ANY) ("PROPOSED ESOS")
This company fundamentally sound, positive cash flow, good result, additionally it is an automation company. We buy share based on the company fundamental, Awang or Bawang means nothing to the company other than his network, up to now, still haven't seen any new projects brought in by him.
Fundamentals The pandemic has created opportunities whereby manufacturers turn to automation to reduce their reliance on manpower in their manufacturing and production process as hiring foreign workers remains challenging during this period.
As a result, ISTONE has observed an increasing demand from manufacturers to automate their production capabilities which resulted in a surge in ISTONE's automation projects.
Also, ISTONE has appointed Dato’ Awang Daud bin Awang Putera as its new chairman and intends to leverage on the newly appointed chairman’s networking to venture into new industry such as oil and gas.
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....
investorbat
1,448 posts
Posted by investorbat > 2020-08-24 13:17 | Report Abuse
those caught from 7aug to 13aug above 0.27