Green Packet Bhd Extends It's Loss

Green Packet Bhd, a wireless networking and telecommunication products provider, has deferred its target of breaking even at the earnings before interest, taxes, depreciation and amortisation (Ebitda) level to the end of this year as opposed to the first quarter of 2011, said its CEO Puan Chan Cheong.

The deferment was due to the more competitive environment and lower price point in the nomadic (portable) broadband segment that its subsidiary Packet One Networks (M) Sdn Bhd (P1) planned to grow going forward, he said during a media briefing yesterday.

Read More >>

The Myth of Laggard Stocks

Interested to buy those high volume penny stock because of their quick and high return?

Yes indeed they are very interesting to buy. But, did you think about their risks and their volatility before? You will face problem when there is something wrong with the stock. Such as the news below. Take care.

Bursa Malaysia Securities has issued a unusual market activity (UMA) query on Green Packet and RedTone following a sharp rise in price and volume of their shares recently.

Green Packet shares fell three sen to RM1.46 and the warrants six sen down to 95 sen at 11.39am. The warrants were actively traded with 41.7 million units done.

RedTone added 1.5 sen to 43 sen with 35.9 million shares done.