EIG-Quo Vadis?

I thought it was not really a harrowing experience for the Board at the last AGM. I felt throughout the meeting that they could parried any the questions posed to them most convincingly.

Compared to the earlier AGM, this was the pits as their profit has frittered to less than RM700,000. The Chaiman who is incidentally the head honcho of Selangor Dredging was adept in his responses. I have mulled over the reasons for the diminution of the profit and they are plausible.

The one division they did not do well was in the Wellness sector. Their operations in Thailand  was a real loss situation given the civil unrest there that last for more than a few months.

Secondly, they were trying to promote their own brands rather then be a seller of licensed products.

What is interesting was there was a big share sale from a majority shareholder (Melissa) and another substantial seller. What piqued my interest is all the sales were mostly bought over by Chairman Chieng and another shareholder Jessica whom I believe is related to Melissa and Lim, the Deputy Chairman of EIG.

So what do you think he will do with EIG now that the top beautician R&D and developer has exited the scene?

The share is currently trading below 60 sen and interest is scant.