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Aspen

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commando
    07-Jun-2021 13:49  
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Keep dropping cut loss Liao....haiz..
 
 
Checkerman
    07-Jun-2021 13:42  
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think have to wait long long till durian drop haha
 

LuckyCharm_SMS      ( Date: 07-Jun-2021 09:44) Posted:

They need to do share buyback to increase confidence. I think now might be the right time

 
 
Andrew123
    07-Jun-2021 11:52  
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we also need to know y people wanting this counter drop......contra player, or those wanna buy low

LuckyCharm_SMS      ( Date: 07-Jun-2021 09:44) Posted:

They need to do share buyback to increase confidence. I think now might be the right time

 

 
LuckyCharm_SMS
    07-Jun-2021 09:44  
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They need to do share buyback to increase confidence. I think now might be the right time
 
 
Joelton
    07-Jun-2021 09:24  
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Aspen says no further developments with Honeywell glovemaking unit in talks to sell production capacity
ASPEN (Group) Holdings' glove-making unit has been in " active discussion" with other potential buyers for the off-take of its entire Phase 1(b) production capacity, part of which was originally meant to be supplied to Honeywell International.
 
Aspen was responding to queries from the Singapore Exchange Regulation (SGX RegCo) on Friday evening. SGX RegCo had asked the firm provide an update on the deal with Honeywell, given that no further disclosures had been made since the announcement that the US$210 million supply agreement with Honeywell has not been " consummated" .
 
In response, Aspen said that an immediate update on the status of the agreement with Honeywell was not provided because Aspen Glove had intended to " engage in a discussion with Honeywell after a cooling-off period to explore the possibility of entering into an agreement" .
 
But given that there are no further developments with Honeywell, Aspen Glove has been in discussions with other parties for the sale, said Aspen.
 
Aspen had on April 13 announced that Aspen Glove had clinched a US$210 million gloves supply order from Honeywell. It subsequently retracted the announcement on April 24 after Honeywell did not consummate the agreement by the effective date, describing it as a " communication oversight between the parties" .
 
In response to queries on whether the resignations of Aspen' s divisional director of corporate Rowena Radha Nair and Aspen Glove' s chief operating officer Calvin Ng are related to the Honeywell deal, Aspen said that the two resigned to pursue other career opportunities and to pursue other interests, respectively.
 
Aspen also confirmed that the resignations are not in any way connected to the development between Aspen Glove and Honeywell.
 
 
commando
    07-Jun-2021 09:24  
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Yah man....u r right

Checkerman      ( Date: 07-Jun-2021 09:19) Posted:

think investors wouldn' t care much about the shipment

 

commando      ( Date: 07-Jun-2021 08:23) Posted:

1st batch gloves shipped on 29 may to USA...hmmm....


 

 
Checkerman
    07-Jun-2021 09:19  
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think investors wouldn' t care much about the shipment

 

commando      ( Date: 07-Jun-2021 08:23) Posted:

1st batch gloves shipped on 29 may to USA...hmmm....

 
 
commando
    07-Jun-2021 09:17  
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Wahhhh break 20
 
 
commando
    07-Jun-2021 08:23  
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1st batch gloves shipped on 29 may to USA...hmmm....
 
 
NT1825
    06-Jun-2021 22:56  
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How about spreading hatred without valid justification, discrediting businesses, defaming public figures, more especially so if the person has nothing to do with the company?

MarcLim      ( Date: 06-Jun-2021 20:09) Posted:

previous post disappear! 
If it is individual, like agent, mis-representations they will face music. Also there will be compensation if lawsuit is put up. SGX come on, change to better!
To the stock, if break 20, or fast and furious down. First 0.18, then 0.16...just a view. DYDD 


Checkerman      ( Date: 05-Jun-2021 12:03) Posted:

Their credibility And trust is a big question mark

Trade at own risk


 

 
NT1825
    06-Jun-2021 22:43  
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Disappeared but could still be captured for other purpose.


 

MarcLim      ( Date: 06-Jun-2021 20:09) Posted:

previous post disappear! 
If it is individual, like agent, mis-representations they will face music. Also there will be compensation if lawsuit is put up. SGX come on, change to better!
To the stock, if break 20, or fast and furious down. First 0.18, then 0.16...just a view. DYDD 


Checkerman      ( Date: 05-Jun-2021 12:03) Posted:

Their credibility And trust is a big question mark

Trade at own risk


 
 
NT1825
    06-Jun-2021 22:32  
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Thanks for your view  👍

Great to know that this matter is clarified with sufficient updates made to exchange. They proactively move on. The share price has already came down to below pre honeywell announcement.

It is a closure, IMO. Market will decide next where if AG is attractive to enter, based on its merits for future growth

Long to enjoy &hellip &hellip

LuckyCharm_SMS      ( Date: 05-Jun-2021 02:46) Posted:

The share price has already came down to below pre honeywell announcement. Now it is time to wait for the next positive announcements. Two months of phase 1a gloves manufactured for 1H 2021. Can expect reasonably good profits. Also 3 of their property development projects launching. Any asset revaluation would be in play again?

 
 
WBdisciple
    06-Jun-2021 22:29  
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They are making a mockery of SGX and investors...

Aspen says no further developments with Honeywell glovemaking unit in talks to sell production capacity
SUN, JUN 06, 2021 - 3:21 PM
CLAUDIA [email protected]@ClaudiaTanBT
ASPEN (Group) Holdings' glove-making unit has been in " active discussion" with other potential buyers for the off-take of its entire Phase 1(b) production capacity, part of which was originally meant to be supplied to Honeywell International.

Aspen was responding to queries from the Singapore Exchange Regulation (SGX RegCo) on Friday evening. SGX RegCo had asked the firm provide an update on the deal with Honeywell, given that no further disclosures had been made since the announcement that the US$210 million supply agreement with Honeywell has not been " consummated" .

In response, Aspen said that an immediate update on the status of the agreement with Honeywell was not provided because Aspen Glove had intended to " engage in a discussion with Honeywell after a cooling-off period to explore the possibility of entering into an agreement" .

But given that there are no further developments with Honeywell, Aspen Glove has been in discussions with other parties for the sale, said Aspen.

Aspen had on April 13 announced that Aspen Glove had clinched a US$210 million gloves supply order from Honeywell. It subsequently retracted the announcement on April 24 after Honeywell did not consummate the agreement by the effective date, describing it as a " communication oversight between the parties" .

In response to queries on whether the resignations of Aspen' s divisional director of corporate Rowena Radha Nair and Aspen Glove' s chief operating officer Calvin Ng are related to the Honeywell deal, Aspen said that the two resigned to pursue other career opportunities and to pursue other interests, respectively.

Aspen also confirmed that the resignations are not in any way connected to the development between Aspen Glove and Honeywell.
 
 
Checkerman
    06-Jun-2021 21:35  
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There were a few thread between 5-6pm yesterday but has disappeared

MarcLim      ( Date: 06-Jun-2021 20:09) Posted:

previous post disappear! 
If it is individual, like agent, mis-representations they will face music. Also there will be compensation if lawsuit is put up. SGX come on, change to better!
To the stock, if break 20, or fast and furious down. First 0.18, then 0.16...just a view. DYDD 


Checkerman      ( Date: 05-Jun-2021 12:03) Posted:

Their credibility And trust is a big question mark

Trade at own risk


 
 
MarcLim
    06-Jun-2021 20:09  
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previous post disappear! 
If it is individual, like agent, mis-representations they will face music. Also there will be compensation if lawsuit is put up. SGX come on, change to better!
To the stock, if break 20, or fast and furious down. First 0.18, then 0.16...just a view. DYDD 


Checkerman      ( Date: 05-Jun-2021 12:03) Posted:

Their credibility And trust is a big question mark

Trade at own risk


LongNobley      ( Date: 05-Jun-2021 01:21) Posted:

Haha. You still trust this management? Firstly, Didn' t they say the deal with Honeywell is confirmed, share price rallied the next day, then 2 weeks later, they announce the deal is off because no one signs any contract?

Secondly, this latest announcement says it' s in nego with a few potential buyers of it' s gloves. Let me ask you, who are these buyers? Are they confirmed? Can they turn out to be like Honeywell, be so dillusional that they thought people want to buy their smelly gloves, but turned out to be to be no deal case again. Lastly, what this meant was that Honeywell is walking off the table and has no interest in buying the gloves at all. Hence they have to look for other parties to buy. Big big negative. They only build this facility in the first place because Honeywell wants their gloves. Now their big buyer don' t want, they are in trouble.

Lastly, don' t be too happy yet the COO resignation has nothing to do with Honeywell. Are they so stupid to tell the whole world that their main guy is quitting because of the Honeywell issue? Don' t forget, SGX Regco is still breathing under Aspen' s neck to find out more about their misguided announcements of the contract win with Honeywell. If they say the COO regisnation has something to do with Honeywell, they will be digging a bigger hole for themselves and kick starting more investigations proceedings. 

Think think think


 

 
sklong138
    06-Jun-2021 12:19  
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👍

NT1825      ( Date: 06-Jun-2021 10:37) Posted:



A trader gave a lesson on this:-

Remember some trading houses can &lsquo borrow&rsquo your share to execute a short sell

HOW TO COUNTER A PLANNED SHORT SELL

1.    Shortiest cannot perform a short when they do not have enough shares in hand.

But how to prevent your shares from being ' borrowed ' by trading houses (not CDP) for short sell. Do not leave your share idle,  place a sell order  at much higher price say 0.26 and 0.27  even if you dont intend to sell

This is how to disrupt shortiest plan -  Repeat 1 continuously to huat

Short-Sell

 
 
NT1825
    06-Jun-2021 10:37  
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A trader gave a lesson on this:-

Remember some trading houses can &lsquo borrow&rsquo your share to execute a short sell

HOW TO COUNTER A PLANNED SHORT SELL

1.    Shortiest cannot perform a short when they do not have enough shares in hand.

But how to prevent your shares from being ' borrowed ' by trading houses (not CDP) for short sell. Do not leave your share idle,  place a sell order  at much higher price say 0.26 and 0.27  even if you dont intend to sell

This is how to disrupt shortiest plan -  Repeat 1 continuously to huat

Short-Sell
 
 
sklong138
    05-Jun-2021 23:21  
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👍

LuckyCharm_SMS      ( Date: 05-Jun-2021 02:46) Posted:

The share price has already came down to below pre honeywell announcement. Now it is time to wait for the next positive announcements. Two months of phase 1a gloves manufactured for 1H 2021. Can expect reasonably good profits. Also 3 of their property development projects launching. Any asset revaluation would be in play again?

 
 
sklong138
    05-Jun-2021 23:12  
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👍

SengTan      ( Date: 05-Jun-2021 22:42) Posted:

Quote from Stockopedia :  FINANCIAL BRIEF:  : For the fiscal year ended 31 December 2020, Aspen(Group) Holdings Ltd revenues decreased 2% to RM282.8M. Netincome increased from RM18.7M to RM72.7M. Revenues reflecta decrease in demand for the Company' s products andservices due to unfavorable market conditions. Net incomereflects Equity Earnings &ndash Net of Income Tax increase fromRM1.3M to RM61.5M (income), Interest Capitalized increaseof 65% to RM28.1M (income).    How is this ? 

 
 
SengTan
    05-Jun-2021 22:47  
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This from SGX : 

Company Information

Aspen (Group) Holdings Limited, together with its subsidiaries (collectively, the &ldquo Group&rdquo ), is a property development group based in Malaysia with a focus on developing affordable residential and mixed development properties at strategic locations, with quality infrastructure and amenities, which target middle-income mass market purchasers.   The Group intends to provide value-added options and services for its completed units, such as quality furnishings and home appliances from reputable brands at cost efficient prices.
 
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