English

Even when all is rosy, a well-thought plan can always falter

Radio-frequency identification (RFID) solution specialist SMTrack Berhad was a quiet ACE Market counter (in the technology sector) until mid-December 2021.

From 8.5 sen on 15 December 2021, the counter commenced its slow ascension thereafter with tycoon Tan Sri Lee Kim Yew emerging as a substantial shareholder on 29 December following his acquisition of 28.5 million shares or a 5.05% stake from the open market.

The presence of the Country Heights Holdings Bhd executive chairman had boosted the share price of SMTrack to end the year 2021 at 19 sen, representing a 123% gain in the span of a fortnight.