Posted by Mat Cendana > 2012-11-22 14:26 | Report Abuse

This is one of the most under-valued counters in BSKL. Unfortunately, only Tabung Haji is interested with other institutional investors seemingly shying away from it. Each time it goes on an upswing, Mudajaya has difficulty breaking past 2.90. But its present range of 2.55-2.90 offers enough margin to make profits from although a trader need to wait a bit.

Posted by kcchongnz > 2012-11-22 14:34 | Report Abuse

Mat, Mudajaya has this credibility problem. People don't trust the management.

Posted by KC Loh > 2012-11-22 14:35 | Report Abuse

yes correct. The last issue led to the resignation of their MD. they tried to goreng market!