check out the chart plz...if the price dont drop below 1.21 support, it will reflect the price up to rm1.60..if it drop below 1.21, the price will slide down to 1.1-1.05
@calvintaneng there is a limit to be maverick when in equity investment.Good for you to promote the prospective stocks for the forumers to consider.To buy or not to buy that is their decisions.If one is not sure of the facts one needs to make a disclaimer.
2.But you have crossed the limit of decency to say openly in this forum that gomen will award the Bandar Malaysia(BM) project to MRCB.Be credible with what news,information and analysis that you shared in this open forum.Going by news reports there is no local contractor or conglomerate which submit Request for Proposal(RFP) as the master developer for BM.That news had been disclosed and well published.And now you bring another version of the story which cannot be supported with credence. Those who had not read the news may be misled by such disclosure from you.
3.Of course one of the prospective jobs that MRCB is looking at is those involving Transit-oriented Development(TOD) like what they had been involved and undertaken for KL Sentral transport hub and the on-going TOD in Penang. If ever MRCB is involved in BM maybe on the segment of TOD station project where the High Speed Rail(HSR) Main Terminal will be located.Maybe at the gomen's directive MRCB enters into a JVs with the final winner of the master developer for BM for that portion of the job on TOD.That the market is watching for further development.In the meantime nothing yet is announced.
4.BM is a mega project and spanning many years for the full development to be completed.During the roll-out many local contractors will be appointed to undertake the earthworks,sub-structures,infrastructure and logistics projects,building construction works,etc.Appointment of local contractors for such jobs maybe make by the Master Developer (to follow gomen's directives) to provide opportunities for the locals to be involved in the mega project.
But at this point of time,the information disclosed by me for Point 3 and 4 are just mere speculations.
Public Invest Research 1/8/17 : MRCB: Cash call gets okay. Malaysian Resources Corp (MRCB) has received resounding approval for its proposed renounceable rights issue, with some 89% of its shareholders voting for the cash call. The exercise, which will raise some RM2.2bn, will not only pave a smooth path for MRCB’s biggest fund-raising exercise, but will also see its gearing being reduced significantly. (StarBiz)
Mrcb full dementia talk strong g, unless we buy mother share, so. All I vector can make it happen d. Later they will stated buying but now just bios of warrant only
EPF n tabung g haji don't care about what price e, for the any price e for them is OK. Since they r main share holder. Any major price e is plus point to to. If price below 1.25 also do not affect them.
From 1.40 at the beginning of July and now 1.17. 17% drop in a month time. If RI going to use another month to finalize, with another 17% drop, it would be around 0.97.
If RI at 0.62, they only will be able to raise RM1.77 Billion. RM1.1 billion less than the initial proposal. No point to raise RI at the first place and cause the share price to drop so much. Should have gone for bonds or private placement instead since just need to raise RM1.77 billion.
@AdCool you are right.The BOD should have picked up the adverse market reaction from day one when the RI proposal was announced.They should have decided to call off the RI placement and go for alternative forms of funds raising as you mentioned clearly.
If the price continue to drop until RM1, they only can issue RI at 0.5 by then. That would be just merely RM1.4 billion being raised. 50% of the initial proposal.
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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....
invS
177 posts
Posted by invS > 2017-07-31 14:33 | Report Abuse
high sell q n high buy q... which path will it go?