A CLASSIC case of buy on rumour and sell on news. This can best describe Halex Holdings Bhd, a Johor Baru-based agrochemicals company that stirred investors interest with a gaming venture in Cambodia.
On Sept 14, the company announced a memorandum of understanding (MoU) with one Datuk Seri Stanley Goh Teik Keng, the major shareholder of VW Win Holdings plc that operates a licensed lottery gaming business in Cambodia. The agreement is to pave the way for Halex’s entry into the gaming business in Cambodia.
However, prior to the stock-exchange filing, Halex’s share price had shot up in the two trading days preceding the announcement. The shares closed at 64 sen on Sept 14, jumping more than 88% in two trading days from the Sept 10 close of 34 sen.
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On Sept 14, the company announced a memorandum of understanding (MoU) with one Datuk Seri Stanley Goh Teik Keng, the major shareholder of VW Win Holdings plc that operates a licensed lottery gaming business in Cambodia. The agreement is to pave the way for Halex’s entry into the gaming business in Cambodia.
However, prior to the stock-exchange filing, Halex’s share price had shot up in the two trading days preceding the announcement. The shares closed at 64 sen on Sept 14, jumping more than 88% in two trading days from the Sept 10 close of 34 sen.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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