wow!!!

there's no stock adjustment.... just a collapse in share price....



yeah... they reported losses ....

Bursa Malaysia commences legal action against Serba Dinamik Holdings
Tuesday, 23 Nov 2021 09:15 PM MYT

KUALA LUMPUR, Nov 23 — Bursa Malaysia Securities Bhd said it has filed an originating summons in the High Court at Kuala Lumpur against Serba Dinamik Holdings Bhd.


The summons, under section 360 of the Capital Markets and Services Act 2007, is “to order Serba Dinamik to make an immediate public announcement of the Factual Findings Update on the Special Independent Review as of September 30, 2021.”

“The court application arises from Serba Dinamik’s failure to comply with Bursa Securities’ directive dated October 22, 2021,” the stock exchange regulator said in a statement here today.

Bursa Malaysia’s directive had been issued requiring Serba Dinamik to disclose the material findings of the Factual Findings Update as of September 30, 2021, made by Ernst & Young Consulting, who was appointed by Serba Dinamik to carry out an independent review to assess the veracity and accuracy of the matters highlighted by Serba Dinamik’s then statutory auditor, KPMG.

The court application was brought “in discharge of the role and responsibilities of Bursa Malaysia Securities in regulating the conduct and enforcing compliance with the continuing obligations of listed issuers pursuant to the Main Market Listing Requirements (MMLR),” it said.

“This is necessary for the purpose of upholding and upkeeping the integrity of the capital market, inter- alia, maintaining a level-playing field, advancing the ‘blue sky’ principle and facilitating equal access to material information affecting a listed issuer,” it added.

The stock exchange regulator said “this is paramount to enable Bursa Securities, which is entrusted with its statutory duties, to ensure an orderly and fair market in the securities that are traded through its facilities and to take all appropriate action to secure compliance with its rules.”

Bursa Malaysia reiterated that “a listed issuer must make immediate public disclosure of any material information under the MMLR and the Factual Findings Update is material information in accordance with the MMLR. All investors must be well informed of and given equal access to material information in order to be able to trade on equal footing.” — Bernama

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and this....












** AirAsia la **

This post has been edited by Boon3: Nov 24 2021, 12:42 PM

Waaaalauehhhhhh......

the extreme dangers of trying to catch a falling knife!!!



and yeah .... another forced labor issue causing Dyson to dump.....

https://www.thestar.com.my/business/busines...es-relationship



and the 5 min chart depicts the risk of catching the falling knife...

as can see by the circled area, the stock attempted to stage a recovery...recovering back at least 20 sen before the stock suddenly gave way at around 11am.....

They say never fall in lobe wif a stock...



them loving days...



the falling days........ <------ and this is when it kills when one starts thinking with heart





and the end result.....................





and sadly..... some still insist....

kinda smelly if you ask me...

one quarter of losing money and stock goes into a freefall... and now this....


look at the volume before today's limit down......


someone got angin???

Chart of the day... once more...

Steel stocks?

Here's a reason to say no...

https://www.thestar.com.my/business/busines...arket-positions






ah ......

Kehpoh sikit.... Bumi Armada?

This one .... very complex... nothing much the chart can help imo...



however, the trading volume, yes really insane.... 930 million shares traded .... absolutely bonkers if we consider the NOSH for ATa is only 1.2 billion shares....
yea... selling was massive but for every seller, there is a buyer. Are they pure traders? if not, how solid is their reason for buying?



This set of news very interesting ....

https://www.thestar.com.my/news/nation/2021...-says-saravanan

and then on one hand.... ATa stated very clearly they had a lack of manpower and that caused lower profits....

and then on another hand.... the claim of the whistleblower that he was beaten when making a police report, an incident which was denied by the police...

and then there are some interesting points in this link... https://www.theedgemarkets.com/article/ata-...ered-dyson-ties


my concern of course would be .... can ATa salvage its contracts with Dyson? without it? not much point hunting this stock down, yes? (80% business came from Dyson. Without Dyson... errr.... )

Yes.

however, there are some arguments/speculation that since it's a labor issue, the termination of contract can be salvaged...


and ya... me thinks this is a really risky bet....

Forgot to tag you statikinetic...


Interesting eh? The money flow in and out... the stocks they played...

Just saw this...

https://www.malaymail.com/news/malaysia/202...plaints/2025143

The one that starts with T....

the local gangs... pulled a lot of money out...
while the retailers were the ones putting the money in....

yup... and the current Africano rally ..... would have added tons of retailers fund inflow....

chart of the day...

Today's chart...

Haha..wanted to show that crazy high volume day before the stock fell heavily (based on rumours of labour issues)