Global Tech

[BlessChwee]

I noticed that this stock rise sharply from 0.04 to 0.07 few days ago and anyone know the potential of this counter ?

Is there any good news that came out that boast the rise of this stock ?

 

[Perisher]

Global Tech (Holdings)
http://www.straitstimes.com/business/company-briefs-global-tech-holdings

Global Tech (Holdings) has sunk deeper into the red, as a result of higher expenses.

The firm said its net loss grew from HK$16 million (S$2.9 million) to HK$23.3 million in the year ended Sept 30. This was largely due to "a significant increase in administrative expenses and other operating expenses".


Global Tech, through its subsidiaries, sells and distributes cellular handsets and related accessories in Hong Kong and mainland China. It also provides repair services of telecommunication products.

Turnover came in at HK$86.7 million, down from HK$89.8 million in 2014. The bulk of the revenue came from its repair service business, which contributed HK$80.9 million to the group's turnover.

 

[Perisher]

http://www.businesstimes.com.sg/com...lobal-tech-shares-halted-pending-announcement

GLOBAL Tech (Holdings) has halted the trading of its shares pending a change-of-control announcement, the mobile phone equipment distributor announced on Monday.

Global Tech, which has a primary listing in Hong Kong and a secondary listing in Singapore, announced in November that 56.96 per cent shareholder Optimum Pace International had been approached by a third party about a purchase of Optimum Pace's shares.

 

[Perisher]

耀科国际控股有限公司 (GLOBAL TECH HOLDINGS LIMITED) (香港)
Can't find much information...

 

[BlessChwee]

Thanks for the info but why the stock still rise so much despite making more losses ?

Is there a potential buyer to acquire this co and thus this stock will be more value in future ?

 

[ctstalin]

This operator quite **. Like to pump high to suck retailers and then dump.

 

[BlessChwee]

This operator quite **. Like to pump high to suck retailers and then dump.

So is it a potential penny stock that will up

 

[Asphodeli]

So is it a potential penny stock that will up

No, usually penny stocks have operators working to dump or buy. Several other notable examples are Blumont, Asiason (now called Attilan) and LionGold.

Looking at this stock, it doesn't seem to have good fundamentals, yet the price jumped. Could be insider news of takeover, or stock operator at work. Usually 90% of the time it's stock operator at work. Those pennies that hardly have volume and price movement are those that are penny stocks that have "died" as retail investors and management have given up on supporting the share prices.

If you want to long a penny stock, look at the fundamentals rather than price movement. If you're looking to trade, then it's a different story. Also consider how much $ to put in - personally, I don't exceed 3 digits when I long a penny stock.

 

[BlessChwee]

No, usually penny stocks have operators working to dump or buy. Several other notable examples are Blumont, Asiason (now called Attilan) and LionGold.

Looking at this stock, it doesn't seem to have good fundamentals, yet the price jumped. Could be insider news of takeover, or stock operator at work. Usually 90% of the time it's stock operator at work. Those pennies that hardly have volume and price movement are those that are penny stocks that have "died" as retail investors and management have given up on supporting the share prices.

If you want to long a penny stock, look at the fundamentals rather than price movement. If you're looking to trade, then it's a different story. Also consider how much $ to put in - personally, I don't exceed 3 digits when I long a penny stock.

Thanks for your info and appreciate alot.

Infact I got this stock since 2006 and almost forgotten about it until recently I receive statement from sgx. I bought at 0.035 and just wonder if it will shoot to 0.1 since got potential buyer to take over the Co.

 

[iPwnJoo]

This operator quite **. Like to pump high to suck retailers and then dump.

If retailers don't come in who can they sell to? Of course have to make sure they go in.
You can try again when the time is right.

 

[iPwnJoo]

Thanks for your info and appreciate alot.

Infact I got this stock since 2006 and almost forgotten about it until recently I receive statement from sgx. I bought at 0.035 and just wonder if it will shoot to 0.1 since got potential buyer to take over the Co.

Long term investor.
Can sell already feel shiok?

 

[iPwnJoo]

penny stock... got profit just take

this type cannot hold long term one

What type can hold long term?