Ulvalua
liked
$LAGENDA(7179.MY$
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...
Translated
24
2
Ulvalua
liked
$AMC Entertainment(AMC.US$
Why would he?
better to have a few small squeezes a year to keep people investing.
So if you were the CEO, what’s better for the company? People investing year over year because they BELIEVE they will eventually get rich? Or a MOASS actually happening? One keeps the money coming in for years, regardless of crappy fundamentals, 10 for 1 RS and forever additional stock offerings (dillution) ?
Or MOASS, which causes everyone to sell all over j...
Why would he?
better to have a few small squeezes a year to keep people investing.
So if you were the CEO, what’s better for the company? People investing year over year because they BELIEVE they will eventually get rich? Or a MOASS actually happening? One keeps the money coming in for years, regardless of crappy fundamentals, 10 for 1 RS and forever additional stock offerings (dillution) ?
Or MOASS, which causes everyone to sell all over j...
3
17
Ulvalua
liked
Using virtual reality, augmented reality, augmented reality, mixed reality, Metaverse, naked eye 3D, holographic projection, digital light and shadow, intelligent perception and other technologies and equipment to build a new space for intelligent tourism immersive experience, and cultivate new scenes of cultural and tourism consumption.
In a new generation of information technology, with the help of a new era of va...
In a new generation of information technology, with the help of a new era of va...
10
Ulvalua
liked
Ulvalua
liked
Earnings Preview
Several of Canada's largest banks report earnings over the rest of the month, including $Bank of Montreal(BMO.CA$ , $Bank of Nova Scotia(BNS.CA$ , $Canadian Imperial Bank of Commerce(CM.CA$ , and $Royal Bank of Canada(RY.CA$.
Bank of America Securities analysts maintained "buy" ratings on the stocks of Bank of Montreal and Royal Bank of Canada (RBC), with "neutral" ratings on TD, Bank of Nova Sc...
Several of Canada's largest banks report earnings over the rest of the month, including $Bank of Montreal(BMO.CA$ , $Bank of Nova Scotia(BNS.CA$ , $Canadian Imperial Bank of Commerce(CM.CA$ , and $Royal Bank of Canada(RY.CA$.
Bank of America Securities analysts maintained "buy" ratings on the stocks of Bank of Montreal and Royal Bank of Canada (RBC), with "neutral" ratings on TD, Bank of Nova Sc...
24
Ulvalua
liked
$Faraday Future Intelligent Electric Inc.(FFIE.US$ Lots of shady companies delayed filings for years and some even survived. As long as they dont get delisted next month we can at least comfortably say they cant dilute our asses up here.
4
1
Ulvalua
liked