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It has fallen from 4.63 to the present 3.3+ which constituted a fall of RM 1.3+ which is about a 1/3 of its price ! This is way beyond the normal adjustment but a failure on the side of the mgt to stop the slide to the present level . No buying in for such a lib time when the slide started ?
Share buyback has its pros and cons. Wouldnt be a good thing if company sacrifice future growth for share buyback. Company has a consistent track record of rewarding shareholder via paying dividends, which is likely this coming qtr.
If u are confident in scientx, then it is a good news company dont share buyback as you shud be happy your favourite company is on a discount. If u think the contrary, share buyback is a way for u to sell when it is back to your average purchase price.
Stock market might be too optimistic last time and drove scientx price to RM4.50+. But why is it scientx’s responsibility to defend the price when the optimism fades and the price drops?
19th Aug 25. KLCI forming double top at 1590. Looking precarious. US index goes skating and sliding, ha ha. This week or two may see limited upside and possibly a series of downtrend. Scientx may visit new low from 328c. Risk off guys