VSolar in JV to build 10MW biogas energy plant VSolar Group Bhd has entered into investment and shareholders agreement with KRU Energy Asia Pte Ltd, Rangkaian Iltizam Sdn Bhd and Kenneth Lee Wai Tong to jointly develop a 10 Megawatts BioMass/BioGas Energy Generation Plant. Financial management and accounting functions of the joint venture company including all payments and receipts will be determined and managed by VSolar . The JVCo, RI will take up a 35% stake,while Lee will take up 5% and VSolar will hold the largest stake at 60 per cent in the joint venture company . VSolar the JVCo will build own and operate the plant.
Asia Bio group (Asia bio, mlab, Anzo,Netx, Vsolar) stocks have started to be bullish.
Asia Bio group and Anzo have a common director. Asia Bio bought Mlab shares. Asia Bio bought netx shares. Asia Bio bought Vsolar shares. Netx bought Mlab shares.
Target Price: RM0.135 Last closing price: RM0.115 Potential return: 17.3% Support: RM0.100 Stop Loss: RM0.090 Possible for bottom fishing. Without creating new lower-low, correction phase seemingly came to a halt and VSOLAR’s share price is showing sign of recovery and opportunity for range trading. Bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.115 be genuinely broken, it may continue to lift price higher to the next resistance level of RM0.135.
However, failure to hold onto support level of RM0.100 may indicate weakness in the share price and hence, a cut-loss signal.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Cornerstone
617 posts
Posted by Cornerstone > 2017-06-21 11:19 | Report Abuse
another useless stock...