the company is only valued at MYR27m as a whole, to control it, only need MYR13.4m /50%, inside the company got cash above RMB15m and property & building worth RMB86m..... no liability... share price should be above 6-7 cents to avoid hostile takeover...

Interesting strategy by the company to do a revaluation of the property & take a heavy impairment loss. But why? it seems like they are going to pledge it to the bank to get good financing facility for the business. This is actually great because it kills 2 birds with 1 stone. The moment the property market recover, not only the company can use the cash provided by the bank, they will a) incur lesser interest to the bank and can b) reverse the impairment to reflect a better balance sheet @ as a gain in the income statement. Indeed @ Sun Tzu's Art of War Tactic.

Somehow, i think some people do not appreciate quantum arithmetic, 2 to 3 points in this counter will propel your profit higher then other counters dealing in higher prices.... MYR10k in this counter will make excellent profit if it moves 2 to 3 points, unlike MYR10k in a counter (price 1.00), 2 to 3 points will make peanuts