During the sharing session,the CFO was answering to a question about transferring to main board. He stated clearly that they want to remain Big in Ace market rather than Small in main market. The CEO is ambitious,wanted to double the market cap,but what he did was thru private placement.Yes..revenue increase,net profit increase but what a small investors get ?The CEO told u yes,your share been diluted but no the share price ... That's what u get from this company.
KUALA LUMPUR (Jan 14): RHB Retail Research said Kronologi Asia Bhd is developing a minor consolidation below the 75 sen resistance, following its previous two sessions’ sharp rebound off the 21-day SMA line.
In a trading stocks note today, the research house said an upside breach of 75 sen could see the stock travelling towards the next resistance levels of 77.5 sen and 79.5 sen.
“A downside breach of 73 sen would negate this positive price forecast,” it said.
Kronologi Asia Bhd made a higher net profit of RM8.04 million for the third quarter ended Oct 31 (3Q21), up 58% quarter-on-quarter (QoQ) while revenue hit RM75.1 million or 1% higher QoQ, mainly due to growth in revenue from its China business.
The growth in earnings QoQ reflects a trajectory for the group’s Enterprise EDM and As-A-Service businesses for Hybrid and Cloud segments, its filing to the local bourse yesterday stated.
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....