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.
FIRST the positive on paper news coming from Sri Lanka READ :that MMAG's partner Supreme Global Alliance has been named as one of the three companies short listed to take over Sri Lankan Air.
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.