I will not make a solid conclusion that the merchant bankers made a wrong calculation of its valuation. But retail price at RM 3.00 and institution at RM 2.95 with a closing price of RM 3.00 is a bit hard to swallow.
Either someone think they calculated wrongly with millions spent on mechant bankers that I do not think so. Or some major share holder trying to exit the counter.
Any price dip below RM 2.950 is definite buy call from us.
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