Bioscience technology company, INS Bioscience (0088.KU) +28% at 16 sen in thin volume; stock boosted by Bernama report, citing CEO Yeat
Sew Chuong as saying, company has set target of 360 “Easy Mall” outlets over next 3 years. According to report, Yeat says company will have 60 outlets by FY10 ending Mar 31 from current total of 5 outlets; “we are confident of generating a good revenue and profit for our shareholders in the financial year 2010 because of the past investments while the franchising business is expected to start generating revenue.” For 1Q10, company posted net profit of MYR126,000 vs net profit of MYR959,000. Strong resistance at 16 sen (200-DMA), next resistance at 20.5 sen. Continue reading →

Cash gifting has risen to popularity in the area of highly profitable financial investments and with it comes the inevitable organizing of various cash gifting programs. Nowadays, there are so many of these programs that are offering all sorts of attraction to people from all walks of life so that they will join the band of investors in this money making venture. In any business that has just on starting up, however, it is always a good way to examine and understand the system in which the business runs. In so far as cash gifting is related, there are two major types of program in existence. Continue reading →