Monday, 27 June 2016

Vivocom: still unleashing the giant?

I wrote before about Vivocom.

Two important events from the past months:

  • On November 2, 2015 Instacom (Vivocom's previous name) appointed Yeoh (founder of Vivocom Enterprise Sdn Bhd) as joint-CEO (red line in the above graph)
  • On November 18, 2015 CIMB Research published a 26-page very bullish report about Vivocom ("Unleashing the Giant"), and fixed it's target price at RM 0.72 (green line)

The jump in share price and volume around those 2 days is very noticeable.

The Edge Malaysia published on June 27, 2016 several articles about Vivocom, one of which hinted at the possible stepping down of Yeoh.

The company however announced: ".... the Board of Directors have not to date received any official letter of resignation nor unofficial notification from Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire".

Vivocom has gone through many transitions, will it be this time successful?

No comments:

Post a Comment