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also, Awang bought 150M Sealink shares at 36.5 sen per share, means RM 54M spent to acquire 30%. he sold 3% this week, make some good money. i predict he will buy more now since it's cheap and also very close to his previous buy price at 36.5sen
Technical wise, most of the indicators dont show good signals for this counter. You can consider to monitor this counter only if it rises about 5-10% these few days. Most of the signals are kinda negative and at the oversold signal to be back to positive the share price has to be soared. All the best
based on my theory about Awang written above, he won't let it fall below his price.. rebound to 0.365 should be happening. not even surprise if he is collecting already since the panic government + corona
QR looks good. loss more money but group financial become better. higher revenue due to more vessel charters, more vessels are ready for charted with more contract coming , positive cash flow of 15millions, debts decreased almost 40million to save interest pay. its still has risk like oil price drop, win less contract, economy crisis.
yea that's what i got also. debts all time low, cash all time high, just cannot turn profit. high cost to charter and activate vessel for many contract work.. cmc is sealink the only Malaysia based that has full end to end marine support, ship building and repair??
i want to know why Awang invest 54 Million, he must already know the financial at Sealink before buying.. how that help him at Serba Dinamik with his buddy Karim.. who also own KPower SCIB
i think they are not the only 1 which doing full end to end marine support, ship building and repair. when i read article on oil & gas company nobody mention about sealink. maybe sealink too small to get into reseach firm's eye n they are loss making company for long time.