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Malaysia Bb already know ...
AttasBoss ( Date: 11-Jun-2022 12:20) Posted:
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So insiders knows the contract secure thats why push up
Mun Siong Engineering attributes ' unusual volume movement' to Petronas&rsquo planned capital expenditures
As shares in Mun Siong Engineering climbed to 6.1 cents at 3.47pm on June 10, or 17.3% higher than its last-closed price of 5.2 cents, a query from market regulator Singapore Exchange Regulation (SGX RegCo) was triggered.
In the bourse filing, SGX RegCo noted Mun Siong Engineering&rsquo s &ldquo unusual volume movements&rdquo in its shares and asked the company to confirm its compliance with the listing rules.
The market regulator also asked the company to reveal any potential information that may have caused the trading volume.
In an update, Mun Siong Engineering attributed the heightened trading to the Petronas' announcement that it planned to double its capital expenditure y-o-y to RM60 billion ($18.8 billion) in 2022. The news was first published on Bloomberg.
Petronas, which stands for Petroliam Nasional, is Malaysia&rsquo s national oil company.
However, Mun Siong Engineering has clarified that &ldquo the decision to appoint any service provider is made by Petronas at its discretion&rdquo .
&ldquo Furthermore, the group is one of the many approved service providers to Petronas. Therefore, there are no assurances that those planned capital expenditures mentioned in the Business Times article will translate to any additional revenue for the group,&rdquo reads the statement released by the company.
&ldquo The company will make the necessary announcement when such material contracts (if any) are secured,&rdquo it adds.
Further to its statement, Mun Siong Engineering highlighted its May 15 announcement on its proposed investment of US$7.5 million ($10.3 million) to establish an operation in North America.
Shares in Mun Siong Engineering closed 1.3 cents higher or 25% up at 6.5 cents on June 10.
but i like the company' s fundamentals,
Keppel corp coming ?
AttasBoss ( Date: 10-Jun-2022 17:18) Posted:
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hahahahaa,
bro, poems target of 12 cts was given in jan 2012, more than 10 years already, still target intact ar
lol
bro, poems target of 12 cts was given in jan 2012, more than 10 years already, still target intact ar
lol
trader1970 ( Date: 03-Jun-2022 10:39) Posted:
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Hopeffuly someone in talk to buy over
Reply in standard format
AttasBoss ( Date: 10-Jun-2022 17:07) Posted:
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Query lai
strong closing at day high of 65
shortists chow tar
shortists chow tar
yes very likely. game is on. bb inside. stay tune for wok hey next week
muifan ( Date: 10-Jun-2022 16:49) Posted:
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Next week might test 75 ..
tofudidi ( Date: 10-Jun-2022 16:22) Posted:
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nice candle. next week going to break 70
Bb stack until 20.5c what' s up with this ?
Chart is powering up ...
muifan ( Date: 10-Jun-2022 09:21) Posted:
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May not have enought power near finishing line
muifan ( Date: 10-Jun-2022 10:08) Posted:
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should run with mencast today...
eric998 ( Date: 10-Jun-2022 10:06) Posted:
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From the reading pattern can tell the deliberate push, see if 54/55 can hold, that will tell if syndicate wants to continue,, will continue to absorb until enough retailers participate and dump to them.. join in small..
muifan ( Date: 10-Jun-2022 09:49) Posted:
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Today volume is work of bb?
Time to play catch up oil rally.
Time to play catch up oil rally.
eric998 ( Date: 10-Jun-2022 09:42) Posted:
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Trap retailers again.. not worth chasing, short when u-turn..