all depends on Monday court decision. RM11 or RM9 for next week. Just wait and see.

If the court rules in favor of Top Glove, you wont get cheaper. Only get cheaper if not in favor but the counter price has factored most of this in. Since it has dropped from 12++ to 10.1 now.

I dont think can go back to 10.30 today looking at the uncertainty of the ruling on Monday as well as today is Friday which usually ppl will take profit or cut loss due to weekends uncertainty.

It still finding its price. For now, seem 10.40 looks good as support price. If you noticed, it has been 7 trading days at this 10.40 range. TP wont stayput in a similar price for long. Just be patient

Volume wise did not justify that shark is involved. Unless this shark just makan bit by bit

Next Monday, either RM9.90 or RM10.70.
If 10.70 then next week would break RM11.

upshare Adcool..
Tq.. hope tomolo dun play like this.. ready heart attack..

Volume is low. Not caused by panic selling or big institutional/funds.

upshare Why their do like this????
Usually is for collection purpose. Same like push up for selling purpose.

upshare Who sell 4517 lot at 10.40.m
that s the transaction that pushed the price down from 10.70 to 10.14.

The warrants only would behave like mother price when mother hits its exercise price. Else, you are trading on premium. I bought c29 at 0.280 when TP was trading around rm9.05. now TP is trading at 10.30 and yet c29 is trading at 0.275. it just reducing the premium every day. But not the price. I only can wait for TP to move to rm10.80 before c29 will catch up. I got trapped by the permission from security commission to allow c29 to trade even beyond its limit down of 0.300. because of that, c29 dropped another 0.07 once market openned at 230pm on 9th July. I initially thought that 0.265 was the lowest it can hit due to limit down. Now I just can hold and wait and profit nothing even TP has recovered rm1.20 since last week.

next week, back to below 0.65. That s the price for MRCB

trapping ppl is pump and dump, not maintaining around 9.90 for 4 days already. All contra kaki already exited. Hence, the lower volatility. Monday could be the day for either 10.90 or 9 as commented by John Rae Wang.

It wont down that drastic today as the euphoria and hope is still there. Give it another 3-5 trading days before the hard reality sets in. Punters and speculators still have time to exit if they want to but usually they wont until the counter drop back below 0.65 and make a 0.05 - 0.1 loss within 3 days.

Wont break RM10 and i am being slaughtered by C29

It should linger around 0.60 for some time before it gets more clarity on the HSR, EDL and other projects. MRCB is considered pro BN and UMNO last time. It still left to be seen if MRCB would be penalized by PH or can compete on equal terms with other construction companies since now they no longer have big bro to look after them and award them contract.

last call b4 u are trap forever in MRCB. The downtrend has started and would continue for few days and reach back 0.60. For those who hold warrants whereby the exercise price is RM1 and expiry within the next 2-3 months, just sell it and move on. MRCB-C32 is too high with the premium now. The issuer was trying to push it to 0.105 this morning but seem the market is calm enough on not to fall for frenzy buying. This is how MRCB gonna trap you just like how it reacted when MRCB won HSR.

Calvintaneng is back. Means the show is finished and would back to downtrend. That s for sure.

i3lurker, tomorrow will drop until u cant run away from it.

Those long timers still stuck above RM1. really stupid MRCB. From 1.80 dropped all the way to 0.55 and now just up to RM0.74 just because LRT 3 project is restructured. MRCB already working on LRT3 since 1.5 year ago. It wont contribute any extra revenue or profit to it. Anyway, good for those who bought below 0.6 and now can reap the profit. If you didnt sell and take profit today, I wish you all the best for tomorrow. This MRCB usually a one day show and may drop back to 0.65 once the euphoria dies down. next, you would be trapped with all the old timers.

no fly for now. Maybe for another 2 trading days.

Yesterday dropped RM2.97, today only recovered RM0.77. Still have another RM2.20 to go. If factor in some correction from the all high and let s say it recovers back just 70%, that would be RM2.08. Another RM1.31 to go then for the next 3 days.

C29 still being suppressed. can buy before it finally let off.

in fact after the completion of the SPA, Top Glove dropped to 9 from 10 before it rebounded back and then the good quarterly result that boost the price up to RM12++. Nothing to do with this Aspion or Adventa.

I dont understand what s the panic. First, Top Glove already paid that RM700 million additional purchase which they now claimed is overpaid due to misinformed and potential cheating. All this while, Top Glove is operating normally and making profit even they have purchased and paid for Adventa. Thirdly, it was Top Glove who execute legal actions against Adventa and not other who sue Top Glove. For Top Glove to reach its current price, it is purely from the positive and confidence in its operation and profit. Nothing to do with Adventa at all. Did Top Glove appreciated a lot and make a lot of money after purchased Adventa? the answer is a big NO. In fact, Top Glove paid some premium for Adventa.

from 5.7 to 5.45 in barely 2.5 hours trading consider quite a lot already.

CIMB didnt manage to a Q2 window dressing. What does that mean? Sharks are around in manipulating and shorting the price?

MRCB needs to tender again if there is a new HSR. And looking at it, Dr M would like to connect the HSR from Singapore all the way to Perlis. Then only make economical of scale. But for how long and when to build it, it's still a big question mark. Anyway, just forget bout HSR and focus on what MRCB can deliver for the next 2 years. Most mega infra projects are no longer relevant. Now, MRCB only can focus on Bukit Jalil, Kwasa Damansara, Penang TOD, and PDP for LRT 3. Projects that already no longer relevant are HSR, Bandar Malaysia TOD, UMNO new Building (they bought the land there and it s really jialat now since cant build that UMNO building).

Upcoming potential projects could be PJ TOD, Johor TOD and maybe more contracts by Tenaga. Now have to see how the management prove itself in moving forward and compete on a level playing field rather than connection with UMNO.

It s a strategic move lah. The middle rock is so small and anytime can be flooded by the rising ocean level. In order to secure our rights for the EEZ surrounding the middle rock, we have to build something to sustain the EEZ rights. Japan and China have been doing this too to secure their EEZ. If we lose the middle rock, we would lose the whole exclusive economic zone surrounding that middle rock. In term of potential oil and gas, fishery and other resources, it s a long term and strategic move.

Samuel Luke, sold all prior to GE14 as the risk is too high. In fact, I can buy now since the price is low but I am not confident on the global factors. There are just too much uncertainties and roller coaster rides. Let Trump enjoyed his roller coaster for the next too weeks.

The real kill is the next two weeks. Trump has enforced the tariff on its neighbours and EU. Next, they would retaliate. In addition, Trump is planning to enforce tariff on China import by mid June. Chine would retaliate as well. Recall the 1000 DJI drop in Feb? This would be the second round.

No point to have all the mega infra when the rakyat is suffering and cant even afford to use this mega infra or sustain them. Spend more on Health, Education, Security as well as building back the country in term of good governance and policies. Next, we can focus on infra again with the right mindsets and planning. Just like Japan, good in operation and maintenance.

We don't have the money. End of story. Nobody can afford to pay RM300 per way from KL to Singapore for daily commute. Even for those who stay in Johor and need to fork out RM150 per way. Who can afford RM300 x 22 working day = RM6600 per month to travel to work from Johor to Singapore? Even with 20% discount for frequent commuter, that would be RM5280. That would be around SGD1800. Unless that person easily earn SGD15K, I dont think anyone in their right minds would want to stay in Malaysia while work in Singapore. Maybe for weekend travel still possible but would that justify the cost of building it when the train is half empty from Monday to Friday but fully occupied on weekends?

it s sentiment that would bring down MRCB.

It s all sentiment. Losing HSR meaning losing potential PDP fee of around rm900 million if based on 6% PDP fee for a rm30 billion 50:50 JV with Gamuda. That would impact the valuation of MRCB. Most IB would revise their TP and that would further affect the sentiment.

Most TP are above rm1.15 for the last 6 months. With this cancellation of HSR, they could reduce MRCB TP to rm0.95-1.05. anyway, with MRCB now below 0.7, it s considered in a safe margin. The immediate risk is on whether the EPF injection into Bukit Jalil project and Kwasa Damansara would be cancelled. That will either break or lift MRCB. In the near term, mrcb won't be able to ride back to 1.30. not forgetting 2018 is the tenth year after 2008, the 10 years cycle of correction. Investors would be cautious and ready to sell down rather than ready to buy up. Make sure u have holding power for at least 24 months if you want to buy in MRCB.

Let EPF and tabung Haji support. Why wanna support if our fund is small and limited? Wait for Quarter report in a week time

Very hard to say...If there were hanky panky deals in there, mostly will be renegotiated. If the country financial really in dire state, mostly will be shelved and put on hold. In my opinion, dont think they would cancel it point blank. For ECRL, could be cancelled straight away as there are no return of investment at all with the amount of investment put in, unless the contractor willing to renegotiate and provide further discount and better terms.

To decide very soon on whether to continue with HSR project as announced by PM

Btw, based on latest press statement by MRCB, EDL wont make any profit with the disposal. Perhaps, it s enough to cover the debts and operation cost after all these years. That s good enough. With that gone, and now with HSR which is getting a review, and all other projects which yet to generate any returns, MRCB mostly would just stable and wont move much. If Q1 results is poor due to no revenue from EDL, then the counter could be bashed down to below 0.65 anytime. Wait for Q1 results to make your move and see how EDL is impacting MRCB finances.

Why hurry? just wait after the quarter report. MRCB is no longer in a hurry and it wont peak any time soon.

Hlib said cut loss at 0.69. today lowest 0.68 and closed at 0.685. meaning cut loss lah cause will go down another 20% which is 0.55. if this support is broken then 0.48 my friend. This may come once Q1 results is out in the next 10 days.

Mrcb during right issues can drop from 1.80 to 0.85. so now from 1 can drop 50% to 0.5 in the next 2.5 months time when there are still uncertainties on HSR, EDL and other projects.

Come q1 results, another drop cause no revenue from EDL at all and still paying sukuk.

Myeg and George Kent kena bashed again. MRCB considered mild.

I already exited mrcb fully as the previous case for it no longer valid and apply. Will consider mrcb again once all the dust is settled by the new government.

this few days may go down until below 0.4

Investigation into land deals in KL. MRCB got bought and sold few lands in KL especially the lands next to PWTC. If got hooked into this scandal, then worst for MRCB

MRCB is really a gone story for now. Just wait for it to drop further below 0.7 and it wont go up any sooner until the new Government comes out with their policy on EDL, HSR, Development, etc. MRCB becomes my 2nd worst counters ever invested. From 1.80 all the way to 0.77 now even with all the good prospect and projects awarded. It barely up back to 1.30. Lesson learnt: never beat the market trend. 2017 and 2018 are such a volatile trend due to Trump, Kim, Najib and Dr M.

Just look at Gamuda and George Kent. MRCB will join them. Below 0.7 tomorrow and possible hitting 0.5. would need at least 3-4 months to rebound back when things are more settled with Pakatan 100 days promise. Those who bought warrants can forget about it. It won't goes back up to RM1. Cut loss and buy some Pakatan counters for now to gain back some profit and counter the loss.

If really 0.2 then can buy and keep for 3-5 years to get back at least 200% return. Mrcb still have other profitable projects and pdp

Won't look good on MRCB. Ppl will sell it to chase other counters. Below 0.7 is very much possible.