WIDAD GROUP BERHAD
KLSE (MYR): WIDAD (0162)
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Last Price
0.065
Today's Change
-0.005 (7.14%)
Day's Change
0.065 - 0.07
Trading Volume
17,164,200
Profile
WIDAD GROUP BERHAD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: CONSTRUCTION CONSTRUCTION
Subsector: CONSTRUCTION CONSTRUCTION
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: No No
IDSS Flag: No No
Description
Widad Group Bhd produces graphic overlays, nameplates, custom labels, membrane switches, fabric over foam gaskets, die cut components, injection molded panels and machined parts. The Company serves the telecommunications, electronics, banking and pharmaceutical industries.
Address
11th Floor, UOA Centre Office Suite 19-11-2, Kuala Lumpur, 50450, Malaysia
+60321661079
Discussions
10 people like this. Showing 50 of 8,261 comments
Youarewelcome88, today seem like someone collecting. Have you heard any rumours on who collecting from opat?
3 weeks ago
Hisyam, kalau ade owner baru ambik, boleh fly. Kaunter da jadi makin berat lepas PP hari tu
3 weeks ago
So much shares being disposed by stages.. Please announce the new shareholders... Impossible they could hide below 5% ownership..
2 weeks ago
Michael R., Michael R. and Edmond0401, the culprit behind is MIDF, this investment bank simply throw clients' shares
2 weeks ago
DSAI selalu cakap dia dapat mandat rakyat PRU14 dan PRU15 tetapi kalau dibuat PRU16 adakah mandat rakyat dia tetap dapat?
2 weeks ago
Vicious cycle (buy, dump and margin call) keeps to rotate until Opat finds a solution to overcome. Then the share price will start to jump.
2 weeks ago
what projects do they have now? dependency on govt projects very high but can they fight with other bigger bumi contractors for the cake.
2 weeks ago
mikeann, the oversold is due to MIDF keep on throwing client's shares, this kind of broker mana boleh pakai. only ikmal opat so naif trust this MIDF. MIDF is the culprit behind this sell-off issue.
PETALING JAYA: The Securities Commission Malaysia (SC) and Bursa Malaysia have sought to allay growing concern among investors over the widening sell-off that has hit the local stock market over the past week.
In a joint statement today, the SC and Bursa Malaysia said they are closely monitoring recent market conditions in light of heightened volatility in certain stocks.
“The SC and Bursa Malaysia assure investors that the Malaysian stock market fundamentals remain strong and there should not be any cause for concern,” the statement said.
They claimed the recent significant decline in share prices is limited to “a few small-cap stocks” and not widespread.
“The affected stocks constituted around 0.17% of the total market capitalisation and 8.3% of total traded value for the year.”
The SC and Bursa Malaysia also said they are conducting proactive surveillance of corporate transactions and disclosures, as well as real-time monitoring of all trading activities to ensure an efficient, fair and orderly market.
“Where irregularities are detected, the SC and Bursa Malaysia will not hesitate to take the necessary regulatory actions to preserve the integrity of the market,” they added.
The regulators also reminded investors to also take note of companies’ replies to the unusual market activity (UMA) queries issued by Bursa Malaysia.
No end to sell-off
The “bloodbath” among the affected stocks does not seem to be abating. Five counters hit limit-down again in early trading today, extending the heavy losses they have suffered this week.
The stocks were Rapid Synergy Bhd, YNH Property Bhd, Jentayu Sustainables Bhd, Sarawak Consolidated Industrial Bhd (SCIB), and Silver Ridge Holdings Bhd.
A new name joined the “Limit Down Club” later in the morning when technology services provider Heitech Padu Bhd’s share price plunged 28.97% to hit its limit down at 76 sen.
The sell-off on Bursa has prompted investment banks to demand cash upfront from their retail clients for the purchase of stocks that have plummeted recently.
In a note to its dealer representatives yesterday, Affin Hwang Investment Bank said the cash-upfront requirement shall be imposed on all purchases on its list of designated stocks and warrants.
The list included stocks such as Mercury Securities Group Bhd, Jentayu Sustainables Bhd, Widad Group Bhd, and Artroniq Bhd, which hit their limit down this week.
It also included Globetronics Technology Bhd, Leform Bhd, Mestron Holdings Bhd, APB Resources Bhd, Pertama Digital Bhd, Dataprep Holdings Bhd, Silver Ridge Holdings Bhd, and Tanco Holdings Bhd.
AmInvestment Bank also implemented yesterday a similar cash-upfront requirement for affected stocks.
Its list included Rapid Synergy, YNH Property, SCIB, APB Resources, Widad Group, Artroniq, Mestron, and Tanco, a bank source confirmed.
Rapid Synergy and YNH Property are stocks linked to businessman and investor Yu Kuan Chon. Rapid Synergy has lost as much as 86.1% of its value since the start of the year while YNH has crashed 71.3%.
1 week ago
.065 can tapao tdy since seller just let go like tomorrow... try to bottom finishing slow n steady
1 week ago
There is no lowest. It means this damn Opat controlled the company without using his own money...that is so cheeky and its fraudulent
2 days ago
edmond, just a normal procedure, nearly acct closing period 30/4, the mention shareholder not allow to do any buy & sell action. This rules is use to protect investor like u & me
2 days ago
widad mgmt very lousy.. not only here they dispose b4 raya, dataprep also they throw just to get sOme duit for raya.... wtf..
1 day ago
Stock has been grossly oversold over the past few months, having plunged from its 52 weeks high of 0.57.
At 0.07 price level, it is still near multi years low.
Stock has only just started to rebound.
Immediate resistance is at 0.09.
1 day ago
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wait few more days, until no more disposal news, will rebound back
3 weeks ago