Agreed with your view on SNS.

The current share price is deemed overvalued fueled by speculative trades.

Based on the 4 hours Candle Stick and MACD indicator, it does seem like the selling momentum / profit taking for LBS is slowing down.

Is still to early to say but LBS might be poised to break the 0.74 resistance either tomorrow or next week, provided if no unforeseen economic challenges or volatility comes in the way.

Post something when you have something useful or informative to say, otherwise keep your useless commentary and gloating to yourself.

One thing for sure though is that there is high chances LBS will exceed their target revenue of 1.8 billion, which also mean potentially higher dividend to be declared

Doubt there will be any special dividend, cause dividend not mentioned in their announcement on how they will utilize the proceeds.

But say if got special dividend. I think they will only announce after whole deal is completed. Estimated the deal to complete by Oct 2024

VSTECS only has 360 million units of shares in circulation in open market, whereas SNS has 1.6 billion units of shares in circulation. What this means is that SNS requires a much bigger pool of buyers to move the price, as compared to VSTECS.

On top of that VSTECS has VSTECS Holdings that keep on buying up their own shares until today, hence that is why they can easily reach RM 4 today.

SNS is still a good company to invest in, though it is also important to be realistic and don't always be too hyped with TP 1.0

Factoring in the latest QR, in my opinion, fair value should be between 0.60 - 0.70, and anything above is considered overvalued.

Hopefully there will be pull back to around 0.65.

Despite latest QR is not impressive but it is quite impressive that SNS has managed to secure a sale of 85.52 million in AI Hardware that will be realized in end of year, and on top of that based on latest QR, SNS cash flow has improved.

SNS QR just released.

If QR to QR comparison it doesn't look impressive, but as expected because VSTECS QR reported a lower revenue also in comparison to the same QR for the year before.

And we can see that SNS follows the same pattern.

As per what the SNS Managing Director said, it takes 3-4 months from point of order to deliver Data Servers, ordered by Clients.

So perhaps we will only see higher revenue & net profit towards end of year.

Looking at the latest QR, come Monday, investors might sell off.

Lets see....

Around 0.725 should be support level already.

Don't think it will go below 0.70

Unless the Gov, decide to do some stupid shit like removal of Petrol Subsidy.

I do believe the removal of Diesel Subsidy messed up our economy, hence that is why the whole economy is down.

HAHA...Good one Zul