Green Packet Berhad

Green Packet's stock price has decreased consistenly from RM5.00 until today's RM4.00. With reference to today closing price, it has almost hit the lowest end of day price in the last 3 months.


It's stock price has increased sharply from the lowest price at RM4 to RM5 recently before it drops back to RM4 again today. The previous decrease is mainly due to the below expectation Q1 result. After that, there was speculation that DiGi may buy into Green Packet and they will work together to roll out WiMax facility. It has pushed the stock price went back to RM5. However, there was nothing happened and the stock price has been dropping back to RM4 level recently.
I believe Green Packet needs to release some positive news or developments in order to make the stock price goes up again.