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The virus is back get ready your mask new case in china.
That means no confidence in the company?
ohm136 ( Date: 23-Jul-2013 12:31) Posted:
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To date, he has not bought back any shares (deemed or direct interest) even when the price dropped to around 6 cts.
ohm136 ( Date: 01-Jul-2013 16:09) Posted:
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Down, so shiok.
There was a new case of H7N9 reported in China, a 61 year old woman was infected.
http://news.99.com.cn/minsheng/20130722/442532.htm
Lagi kee seow one - KrisEnergy Chioning...argh. $1.325 cents n volume is 40k ++, on it 2nd IPO-ed day ONI.
Today kee seow counter...
| Medtecs | M | -- | 0.065 | Last done-0.073c | +0.012c | +19.7% | Vol-30,523,000 |
dont worry bro, haze coming again 
oldflyingfox ( Date: 22-Jul-2013 15:42) Posted:
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Moving strong today, let see whether it will cover the gap of 0.078 - 0.081 in the next few days.
Return of haze, hotspots detected in Indonesia
Today, tis stk kee seow, haze or no haze green green one.
Indonesia to charge Malaysian firm over smog-causing fires
12 Jul 2013 17:01
[JAKARTA] Indonesia will file charges against the local unit of Malaysia's third-largest palm oil planter over illegal fires that blanketed Singapore and Malaysia with hazardous smog last month, police said on Friday, prompting the company to deny any wrongdoing.
PT Adei Plantations, a unit of Kuala Lumpur Kepong Bhd, is the first company to be accused by the police of causing Southeast Asia's worst air pollution crisis in 16 years.
" They are going to be charged with environmental damage," said national police spokesman Ronny Franky Sompie.
Police are investigating four other companies for suspected involvement in the fires but have not identified them. The environment ministry last month named eight Southeast Asian companies as possible suspects.
KL Kepong has denied wrongdoing, saying it has a zero burning policy and the fires were outside its concessions.
An individual found guilty of starting a forest fire can face a jail term of up to 10 years and fines of up to 10 billion rupiah (US$1 million). A guilty company can also have its profits seized, operations shut down and be sued for damages.
An investigation by industry body, the Roundtable on Sustainable Palm Oil (RSPO), found no evidence that KL Kepong, a member of the group, was responsible for the fires, a spokesman said.
" The RSPO has cleared KL Kepong of this issue. We have made our statements to the relevant parties and we stand by our statements," said Roy Lim, the company's plantations director.
" Looking again at the satellite data, the hot spots are all outside our territory." RSPO surveillance documents show Adei concessions cover around 14,900 hectares. Of that total, 800 hectares are controlled by local community members.
More than a dozen people had been arrested for lighting fires, police said. But it was unclear if they were employees of any of the eight named companies or independent farmers.
Some farmers illegally clear land using " slash and burn" techniques during the dry season from June to September. - Reuters
Source: Business Times Breaking News
12 Jul 2013 17:01
[JAKARTA] Indonesia will file charges against the local unit of Malaysia's third-largest palm oil planter over illegal fires that blanketed Singapore and Malaysia with hazardous smog last month, police said on Friday, prompting the company to deny any wrongdoing.
PT Adei Plantations, a unit of Kuala Lumpur Kepong Bhd, is the first company to be accused by the police of causing Southeast Asia's worst air pollution crisis in 16 years.
" They are going to be charged with environmental damage," said national police spokesman Ronny Franky Sompie.
Police are investigating four other companies for suspected involvement in the fires but have not identified them. The environment ministry last month named eight Southeast Asian companies as possible suspects.
KL Kepong has denied wrongdoing, saying it has a zero burning policy and the fires were outside its concessions.
An individual found guilty of starting a forest fire can face a jail term of up to 10 years and fines of up to 10 billion rupiah (US$1 million). A guilty company can also have its profits seized, operations shut down and be sued for damages.
An investigation by industry body, the Roundtable on Sustainable Palm Oil (RSPO), found no evidence that KL Kepong, a member of the group, was responsible for the fires, a spokesman said.
" The RSPO has cleared KL Kepong of this issue. We have made our statements to the relevant parties and we stand by our statements," said Roy Lim, the company's plantations director.
" Looking again at the satellite data, the hot spots are all outside our territory." RSPO surveillance documents show Adei concessions cover around 14,900 hectares. Of that total, 800 hectares are controlled by local community members.
More than a dozen people had been arrested for lighting fires, police said. But it was unclear if they were employees of any of the eight named companies or independent farmers.
Some farmers illegally clear land using " slash and burn" techniques during the dry season from June to September. - Reuters
Source: Business Times Breaking News
Yap, but it shown that there is still some big fish in this counter. Think that they are testing the water.
ppdghius ( Date: 12-Jul-2013 12:40) Posted:
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Don't think will be able to close above 6.8 cents today. Still stuck at 6.3 cents.
oldflyingfox ( Date: 12-Jul-2013 09:57) Posted:
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It started to move up again this morning, now up abt 5%. The next resistance line will be around 6.8cts, let see whether it will close above today.
This is a speculative counter meaning many short term players come into action at the same time. The movement of the price don't relate to any fundamental reason.
Relying on haze to spike up the share price does not sound fundamental to me.
Best to avoid such counter,imo.
Fires in Riau have been under control as reported in CNA.The Indon has more to loose if the region is covered with haze that is why the President reacts differently from his ministers.With the watchful eyes of the enforcers and plantation stakeholders,the probable return of haze is very remote.Major plantation operators would not want to risk their license and have ramification on their businesses.Probably left are small farmers doing monkey see monkey do business.
With the current SW monsoon wind blowing across the region from April to Oct,we would have experience the haze should there be any ongoing fires in Sumatra.
Yes, the present price didn't reflected this event too. Whether this counter will go to sleeping mood or continue to play by some big players after stirring it lately, only time will tell.
Good luck to all.
The chance of it moving to mainboard does not seem to be high. Note that sgx has rejected medtecs move to the mainboard before. Anyway, it is not very comforting to know that the ceo has been selling a lot of his shares.
oldflyingfox ( Date: 09-Jul-2013 22:59) Posted:
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Of course it's business don't depend on haze and it has been profitable for the last few years. The increase trading volume was mainly caused by the speculation although it does help push up it's profit.
Anyway, It is a small company waiting to move to mainboard.