Considered good news or not? Ahem...

This and next week. If still no movement, then can forget bout MRCB for now and focus on election.

Yes Samuel called for sell when the price was above 1.25 and he called for buy when the price was between 1-1.05 for the last 2 weeks.

Good morning. Just woke up as I'm travelling. Ahh, it hits 0.995 this morning. Trendd seems so excited, did you buy any? For those with deep pocket, they don't really need to time the market, they just either cont to hold, average more or just cut loss. The day yet to end, let s see how it trades today.

marinbartesque, I only concern on Kenanga as they are expert and master in warrants. Warrants are their main revenue and they always reap the profits from their warrants. You cant't beat them when come to Warrants.

I really dont understand why Trendd is so agitated. Not that we are losing his money. Why so up beat for what? Later instead of me being an idiot, you being high blood pressured and kena stroke. Relax lah...

Here come 19th March. Kenanga can now take a rest since C23 has finally expired.

sell q at 0.930 but never get transacted. They will cancel the q seconds before it being transacted. This is all based on algorithm and not by retailers.

After today, might not be able to buy anything at this price. 19th March is next Monday.

Yesterday saw Godzilla movie beating up that two MOFO. At end Godzilla won and fallen asleep due to too tired. Next morning only Godzilla celebrated its victory by giving a loud roar before walking back to the ocean and swim away.

Agree with martinbartesque.

I'm not a sifu but been monitoring MRCB.

Teexian1840, there were two major drop event for MRCB due to:

1. DJI massive drop in early Feb and causing overall market panic. MRCB was affected and dropped from 1.17 to 1.01 B4 rebounded back to 1.07.
2. Trump message on trade war is good and causing overall market panic again in early March. MRCB dropped from 1.09 to 1.00.

With these drop, there were no support as well. This could due to prolong delay of EDL compensation and also expiry of several warrants in Feb and March. All warrant issuers were looking to press the price if can.

Now, there are no catalyst to move the price up and the market sentiment is weak due to erratic POTUS comments on the market and trade war.

The only best catalyst for the world market is the denuclearization of North Korea and for MRCB would be the PDP award for HSR. I'm maintaining my opinion that there would be price movement after 19th March

contract awards baru bravo. This kind of awards just put on the shelf to collect dust.

What s the bet actually? Can place some side bets?

Faster sell lah for 1.0, still got 1509700 queue

Yawn...patiently waiting for 19th March. So near yet so far. 5 more days to go. 2 more trading days to go. Finally it s almost here...

Trump erratic factor is beyond trend or fundamental analysis.

DJI weakness already been factored into mrcb current price. It did not rebound back to 1.17 since DJI down from 26000++ to current 25000++. It would remain as of now until speculation on news that it s getting the HSR pdp project. That would be after 19th March when it getting nearer to the award deadline set by HSR. Trend only can tell u much but fundamental and business logic woukd complete the other half of the picture. Just like Dji, the trend is up and down. And Trump add more fuels in there whether up it down depending on his mood and Twitter

The lowest for the last 30 trading days was rm1. Did not drop below rm1 unless u were referring to 2017, then yes. I used klse screener app to track.

Wait until 19th March. As shared it won't move much and if move will be the range between 1-1.13. infact, you can see massive block at 1.04 today.

Rm1-Rm1.13 this week. No need to argue. I already mentioned no movement this week and just wait after 19th March

DJI up 400++ points. Do u think Monday will drop below rm1? It may not go up to rm1.10 but wont drop below rm1. Come after 19th March prepare for the uptrend.

and if there is any crazy news from Trump again, that I cant help it.

I m saying between 1.0 to 1.13 again for the whole next week provided no surprise news for HSR, EDL or BM.

Trendd 0.88 closing on Monday or on Friday?

Where you heard that good news? Coffee shop? Relatives, I3 forum? or from UMNO circle?

abc333 should wait 0.95 or all in next Monday? heard good news gona surface... hm..but heard too many times already...

i dont mind to pay to learn great lesson from those who really have the right knowledge and wisdom. Quality and good stuffs comes with price. Provided really goes down to 0.02 lah. Else I wont learn from you. Easy to say price will go up to 1.10 or come down to 0.9 as just 10% gaps. But 0.2 is like 80% variance. That would be impressive if it really hit your TP of 0.2 within the next 6 months.

Hahaha. When comes to 0.2, I will pay you RM10k to attend a lesson from you Trend since you are so geng. I believe i can earn back RM500k by spending RM10k for you if you are really that accurate. Unless you want to demand rm100k for me to learn from you but that would depends if you would teach me to earn RM5 million.

The unfortunate events was at first they planned to hover the price around 1.20 but came DJI crash, hence moved to around 1.10. Next in a month came Trump new tariff and taxes, so now the operator would maintain it at this level. These external factors were beyond their control and plan. They just take advantages of these.

the operators are really discipline as they did not make a big gap on highest price and lowest price in a day which would attract speculation and day traders who would distract their controls. Guess they did not want speculation in this counter until the right time for them to release the black horses.

steady. the holding line is RM1. They will push high and then sell down. It will be repetitive for the next few trading days. Just sit tight and relax. If you like it, sell at 1.04 and then buy back at 1.02, provided you have enough holding to make a profit or else you would lose out on the fees and taxes.

Dont worry lah. As mentioned earlier it would hover between 1.00 to 1.13 until 19th March unless there is a surprise announcement on EDL or BM or HSR. Otherwise, the counter only would recover after 19th March due to the expectation of HSR tender results. You have 2 weeks to trade there.

If MRCB secured the HSR project, then you have the whole April month for uptrend until GE.If can't secure HSR project, back to RM1.00 and stay there and wait for Q1 results in end May.

The reason it s not moving now are:
1. Thanks to weak market sentiment due to Trump and everyone forget about North Korea.
2. Big funds saving their bullets for better battles after 19th March instead of going against the trend now.
3. Kenanga is more than happy to keep it below 1.13 and wont do anything unless it breaches 1.13 until 19th March.
4. Retailers getting tired and giving up and selling MRCB to lower each day. They will find reason to sell down especially stuffs like recent DJI drops 1000 point and Trump tweet on steel/aluminium tariff. It s not even related to MRCB and yet they sold which further aggravated by the warrants issuers which are expiring in Feb and March. They are more than happy to fuel the sell down.
5. Insiders are more than happy to buy cheaper from you each day instead of defending the price. However, they are defending RM1.

10 days to monitor and see if my analysis is correct or not. That s my conviction so far.

Guys there a no short option or put warrants in Bursa. Why are you guys so excited with the price dropping? Not like you can make money from there.

500 billion and we only get 1 million? U go and fly your own kite then.

Having saying that, Anwar is coming out from Jail in early June. So Najib may want to have election before June. But Ramadhan month gonna start in mid May. So he only have April to Mid May for the Election. And EC will need at least 30 days to call for election. High chance he will dissolve parliament this April after the final sitting

No doubt that as per initial schedule tender for HSR pdp should be out this month. However, looking at such a big project, they can postpone it if need to or they may announced another bidding for the shortlisted consortium. As for EDL that would be a big question mark as the negotiation can keep dragging until election time in August. Najib mostly will govern thru the full 5 years term in order to buy more time for him to push thru the delineation and closing 1mdb.

All counters also down lah, not only Calvin counters. The whole market is in red.

Ppl just panic for nothing. Today is already 3rd day of panic selling. It should stabilize in moving forward as all uncertainties and panic have been factored into the price but don't expect quick rebound until 19th March.

In actual, mrcb was well supported today in comparison to other counters. But in term of rebound, other counters always rebound faster and more than MRCB which remain laggard. I'm still advocating hold and wait after 19 March.

So just wait until 19th March and if it breaks 1.13 even without any edl news by then, it confirms that Kenanga is doing its shits now.

Retailers just can't stand and wait for the edl news anymore after such long delay and mrcb has been on downtrend since then. Of course it looks bearish. Looking at volumes, no institutional is trading on MRCB. Hence no support and also block from uptrend if wants to. Kenanga will ensure it stays below 1.13 for now by leveraging on this opportunity which they don't need to spend a single cent to press down the price due to Dji correction and now this Trump comment on tariff. Mrcb was hovering around 1.17 before all these external factors and it did not go up since then.

Just enjoy the show between this 1 to 1.13 until next Friday.

Only got energy if edl compensation is announced and successful bid for HSR or BM. Apart from that, after 19 March may have some energy after the completion of the blockade by Kenanga.

European markets are holding. Only panic Asia markets were selling. The tariff announced more to impact European than us. Yet we were the one panic and sell down.

Gamuda up today even though market is bad. It means something

Same like the trend when DJI drops 1000 index. Give it another day to drop and then masuk and wait for EDL compensation. If dunwan to wait, exit at 1.15 and keep your 0.15 profit

DJI will continue to be volatile due to flip flop direction from Trump administration. And it s mainly computerized via trading algorithms, hence the big drop or big jump. Sooner, market will adapt and adjust n instead of reacting, will respond more rationally. Malaysia should more align with China, not US market. Focus on local n Asia fronts. DJI is more towards normalization, not market crash. From 9000 index back in 2008 to 26500 in 2018, it s fair to give up some gain and normalized back at 20000 level?

If by end March and there is still no confirmation on the EDL compensation, that would mean Q1 gonna bear the loss of revenue for EDL.

Many retailers do not understand the financial report and only look at surface profit number. MRCB would need institution investors to move it up, not retailers. Fortunately institution investors look beyond surface number and will deep dive further.

Calvin, dont be happy first. The news may report that MRCB PAT drops 43.8% instead of reporting the one off gain due to disposal in 2016.