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$LAGENDA(7179.MY$
Although the stock price once fell by more than 27% to 85 cents today, the stock price seems to be picking up. At noon, the stock price was reported at RM1.12.
Lagenda Industries confirmed that a senior official was detained by the Anti-Corruption Bureau (MACC), and after the stock price fell to a standstill, an unusual trading activity (UMA) question was issued by the Malaysian Stock Exchange. However, the company claimed that the incident did not affect business operations.
The only Apex securities investment bank that gave Lagenda a “hold on” rating said that the ongoing investigation actually had a certain impact on the group's reputation.
The securities bank emphasized the need for management to actively communicate to resolve key stakeholders' questions about financial impact, business operations, and group sustainability to restore investor confidence.
Apex Securities lowered the stock's target price to RM1.12, based on a revaluation of 50% higher net asset value (RNAV) discount rate to take into account weak effective management practices.
However, if the results of the investigation are favorable and Lagenda's reputation is restored, an increase is likely.
According to Bloomberg data, the stock currently has 4 “buy” ratings, and the 12-month target price is RM2.04.
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. In making any investment decisions...
Although the stock price once fell by more than 27% to 85 cents today, the stock price seems to be picking up. At noon, the stock price was reported at RM1.12.
Lagenda Industries confirmed that a senior official was detained by the Anti-Corruption Bureau (MACC), and after the stock price fell to a standstill, an unusual trading activity (UMA) question was issued by the Malaysian Stock Exchange. However, the company claimed that the incident did not affect business operations.
The only Apex securities investment bank that gave Lagenda a “hold on” rating said that the ongoing investigation actually had a certain impact on the group's reputation.
The securities bank emphasized the need for management to actively communicate to resolve key stakeholders' questions about financial impact, business operations, and group sustainability to restore investor confidence.
Apex Securities lowered the stock's target price to RM1.12, based on a revaluation of 50% higher net asset value (RNAV) discount rate to take into account weak effective management practices.
However, if the results of the investigation are favorable and Lagenda's reputation is restored, an increase is likely.
According to Bloomberg data, the stock currently has 4 “buy” ratings, and the 12-month target price is RM2.04.
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. In making any investment decisions...
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$Advanced Micro Devices (AMD.US)$
$NVIDIA(NVDA.US$
+3059 USD
Bad short entry level of AMD caused dragging of AMD trade too long, too big before saved by Salesforce Inc. $Salesforce (CRM.US)$ reported revenue missed expectations for the first time in nearly two decades.
$NVIDIA(NVDA.US$
+3059 USD
Bad short entry level of AMD caused dragging of AMD trade too long, too big before saved by Salesforce Inc. $Salesforce (CRM.US)$ reported revenue missed expectations for the first time in nearly two decades.
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My downside target is $115 by Q2 and it will remain sideways and expect upside movement not before Q3 this year. Risk Rewards is not infavour if price is above $135. I shall wait for the my target. Enjoy!
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$INNATURE(5295.MY$
InNature Bhd has not been doing well in terms of share price. The counter is down 46% in the past year to close at 28 sen on May 29. It hit a 52-week high of 60 sen last July but fell to a low of 28 sen recently.
However, it appears the selling is overdone. After overcoming a negative sloping trendline around mid-Apr this year, InNature looks to be extending its upward trajectory. The ongoing unwinding from the oversold territo...
InNature Bhd has not been doing well in terms of share price. The counter is down 46% in the past year to close at 28 sen on May 29. It hit a 52-week high of 60 sen last July but fell to a low of 28 sen recently.
However, it appears the selling is overdone. After overcoming a negative sloping trendline around mid-Apr this year, InNature looks to be extending its upward trajectory. The ongoing unwinding from the oversold territo...
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$Faraday Future Intelligent Electric Inc.(FFIE.US$ suggested if you hold a lot don’t look go to sleep (especially new trader just let stocks fly )
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$Futu Holdings Ltd(FUTU.US$ those who sold yesterday made a profit, keep it overnight turned into a bag holders. Financial reports are just an excuse for a pump and dump, a bear traps
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