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If you think investing in this stock consider the fact first:
- Counter connect to Dr Yu have lost almost 90% of their value. If this is only because of margin call force sell, why nobody buy a big stake?
- There is no annoucnement for a new shareholder, means most trading is speculators, not white knight.
- Auditor did give qualified opinion and refuse to sign audit accounts
- Auditor resign
- New Director resign
- Bursa keep asking question about property deals almost every week
- If their NTA is real, why nobody buy control of the company? Nobody even buy 5%.
- YNH now selling their best property to Sunway in a hurry and for less then book value.
- 1.2 bil joint venture money likely disappear. Debt is skyhigh, so real NTA probably zero or less
- Sri Hartamas land has been put kaveat by government so cannot sell
- YNH bond has be downgraded by MARC
- Before force sell rapid and YNH trade at gila pe of over 2000 and 500
Be careful when playing this stock. Never hold over night becos you dont know what will happen tomorrow.
DONT LISTEN TO PEOPPLE WHO SAY IT WILL GORENG TOMORROW, DO YOU OWN RESEARCH! Good luck.
Mr Mohamed, thank you for giving a proper situation of this stock and not hooting up for goreng unlike some who have no inkling as what's going on... totally agree with you