Wednesday 29 May 2024

Ada Apa Dengan MMAG?

ON Wednesday, 93 per cent of the trades done on MMAG Bhd shares, were on the SELL side while on Tuesday, some of 70 per cent of the trades done were, trades to sell MMAG shares.

CONSIDERING, that the news coming out from Sri Lanka, looks positive on paper for MMAG Bhd, those who collected  and massaged the shares while the stock was trading, at single digits in SEN terms have surprisingly opted to cash out.


ANALYST and stock market traders, may opine that the selling pressure is on at MMAG, because after all in 2019, when the Sri lankan Government attempted to off load the Airline for US$1, it fell flat on its face.

OR that Supreme has  never run an airline before and the favourites to acquire the. Airline,  is the Air India proxy as 20 per cent of the Sri Lankan traffic is from India.

BACK  home is Malaysia, there is only ONE reason, why  the MMAG shares are muzzled ; Hujan, badai, angin ribut, halilintar or to cut it short, ANGIN udah  terlampau KUAT.