(Nov 18): Tashin Holdings Bhd's net profit for the quarter ended Sept 30, 2021 (3QFY21) rose 803% year-on-year (y-o-y) and 52.9% quarter-on-quarter to RM20.82 million, thanks to continued rise in steel prices and profit margins.
TASHIN - Notice of Book Closure: TASHIN HOLDINGS BERHAD: Single-tier interim dividend of RM0.02 per share
Further to Reference No. ILC-19112021-00003, kindly be advised of the following : 1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 02 Dec 2021 (Remain unchanged) 2) The last date of lodgment : 06 Dec 2021 (Instead of 03 Dec 2021) 3) Date Payable : 16 Dec 2021 (Remain unchanged) Remarks : In view that 3 December 2021 has been declared as a public holiday for the Federal Territories of Kuala Lumpur, Putrajaya and Labuan, the dividend entitlement date will be amended from 3 December 2021 to 6 December 2021. All the other information in the earlier announcement remains unchanged.
Technically, it is not looking good for Tashin as its 20- Day Moving Average is sloping downward and its price action is below the Moving Average line. This is further compounded by the recent bearish breakout of the support level of 0.52. If a bearish breakout is accompanied by high volume , this indicates the unwillingness of a large pool of traders to hold on to Tashin as selling pressure mounts at the SUPPORT LEVEL. HOWEVER this bearish breakout of her was accompanied by A LOWER THAN AVERAGE VOLUME THAT IS 1,132,500 only which MAY GIVE A GLIMMER OF HOPE. So guys, monitor carefully the price action on 6 December 2021 Session. Good Luck
Yeah. Institutional investors are known to intentionally short retail-heavy stocks. It is common on Wall Street decades ago. But in Malaysia, short-selling is only open for corporate accounts. Talk about the unfairness.
X Beltland This is money game ma ,IB and Fund controller must make money from market,so they must slaughter the retailer by all means and what they made is equal to total sum of loses from retailers. So if these people apply the standard financial theory of p.E ratio and dividend pay out to evaluate the market price for heavily traded stocks definitely cannot make money from retailers .Therefore to make sure to make money they apply money game policy ,so when the record shown the share already distributed to retailers they must press down the price as low as possible and stay there for long time.
reported small losses but looking at the balance sheet is very scary..borrowing went up 100% to more than 100m. will be tough since GP is so thin now and with interest rate up cycle, this company may experience losses in years to come..strong sell
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