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This stock at this current price is a joke..wont consider this fella a tech company when what they do is essentially CNC stuffs. Nothing proprietary...in case you guys don't know there is a mega factory owned by a china company in Penang that is doing what is UWC is doing at a fraction of the cost. Sell when you have the chance.
all I can say is this. Ms.Tee is a newbie in the corporate world. Managing investors expectation is crucial. she doesn't know how to manage fund managers expectation well. Her profit forecast flip flops most likely due to external environment shock factors caused her dearly. And to make matter worse a margin call triggered on her bringing down the entire ship with her. No explanation given by her as all these are barang malu. what is there to explain.
Market (retailers) are too afraid to dive in and still adopting wait and see approach (QR results). seems like market makers are taking advantage of this opportunity to drive prices lower...if there isn't any much abnormality in the QR, will it limit up?
