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HTPADU SHARE PRICE MOVEMENT IN ANTICIPATION ON NIISE AS ANNOUNCEMENT DATE NEARING IN? WHAT DO YOU THINK?
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Previously, there are news saying that Theta and Dnex are front runner for NIISE job, and HTPADU drop out on the job. However, the news are not verified by HTPADU at all because there is no official statement from the company.
If you want to read back on history, you can refer to my previous posting here
Anyhow, we are nearing to the end of June, which is 1 week left. According to the transport minister, the result of the NIISE contract will be out on end of June 2024.
As the anticipation grow, investor, traders and speculators will also start to take note of the movement of share prices.
As you know, Target Invest is more towards HTPADU getting the NIISE contract, or if not, the huge chunk and most of it. After all, the businessman behind the MyIMMS will have enough experience and input to make NIISE a better version.
As we have a balance of 5 trading days left in June, price movement are critical underlying factor. Htpadu look set to challenge the downtrend resistant line in the next few days. If a successful challenge at RM 2.25, then HTPADU probably is looking good towards retesting RM 2.50, and subsequently RM 3.00
Incidentally, Theta share price is seen heading down, suggesting that it might not be a strong contending force for this NIISE. By the way, I am not looking down at Theta, just that Theta is not suitable for this. But, Theta will have other good contract that can support it's future share price.
Another contender for the job is Dnex. While Dnex is a strong contender, however, I think that there is currently a lot of stuff sitting in Dnex plate right now, and the share base is too large (3.41b shares) to see this contract play out to the full excitement.
Most importantly, HTPADU had just completed a private placement exercise for a capital fund raising.
Target Invest still will choose -> HTPADU.
What do you think?
We will know the result in the coming week, hopefully there will be no delays again.
IMPORTANT NOTICE
Please be informed that I am not a professional or certified analyst. I am not a licensed consultant, just a normal retail investor. I am just sharing my ideas and opinion on the market outlook. Any company mentioned should not be interpreted as a buy/sell/trade call. Please do your own research and buy/sell/trade at your own risk.
Telegram https://t.me/targetinvest88
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