Calvin downloaded Year 2017 Budget Speech 2017 and read and reread it 3 times.
Then DRB sprung up.
At 92 sen Calvin called for a strong buy.
Then DRB jumped to Rm1.86 - up more than 100%
Now Budget 2018 points to 2 Factors for MRCB directly and many others indirectly
DIRECTLY
1) Taking over EDL Toll & pumped monies into MRCB MRCB was the only company in Bursa that came out with a statement later. Why out of 1,000 KLSE Companies only MRCB stood out?
2) RM1 BILLIONS ALLOTTED FOR SPORTS. To reward MRCB for its role in Sea Games success
Portfolio have sold off all earlier MRCB holding at average cost <90sen, and sold off all at 94sen and 92.5sen in two batch to swap to other profitable stocks. Portfolio have earlier also profit handsomely 3 round on MRCB-OR already.
Now, with budget on EDL compensation, portfolio alrdy plan ahead to return back MRCB after locked all profit from umwog/triplc/jaks/yesterday ekovest, iwicity senergy, free up 90% capital and all margin line capital yesterday to hit MRCB back today all at 1.02
Comment here is to sharing view, pleases use own discretion to make decision , bear own risk, enjoy own reward.
Market almost closing soon, want jump in? Please take your chances, volume exceeded 46mils whoever wanna sell already sold, there isn't any bad news and wont be any bad news any more for MRCB. Project finish earlier, more projects coming in, election coming, ....compensation EDL, more and more to come... I say, i will vote jib gor as our prime minister when MRCB go up to RM 1.6 before election.
Bear in mind another pending catalyst, Bandar Malaysia transportation hub to further boost MRCB next. TRX have previous indicate to allocate 60 acres for HSR terminal to MRCB for its vast and successful, to replicate KL sentral
Upcoming MRCB Q result will release soon, the EPS is based on undiluted share base, but open market price is on fully 2x diluted share base, artificially to boost up 2x valuation
no naysayer lah tan sri calvin say drb can come 92cts,so mrcb also can lah.....hehe.anyway u no free capital meh? can sell and buyback at 1.00 or below
Monitor first and see. We really no idea if the RI subscribers would take profit again next week. Announcement for BM and EDL could be weeks and months away.
The good news on EDL is reflected in the stock price.. This is a publicly know news. Now, fundamental is most important. Don't hope too much on the upside in short term..
Posted by Investlink > Nov 3, 2017 04:58 PM | Report Abuse
The good news on EDL is reflected in the stock price.. This is a publicly know news. Now, fundamental is most important. Don't hope too much on the upside in short term..
Not really,
EDL Good News has only countered the RI stags
The Rm1 Billions Job Awards for SPORTS Still to Come for MRCB
As long the BM news is not announce, syndicate are taking advantage to manipulate, with big amount share n capital, they are making big money from it. many have invested in MRCB bcos they believe that MRCB will secure the BM.
Correct loh!! Calvin also SEE the same modus operandi in DRB. Fear of Losses in Proton and high debt bleeding more losses. Govt intervened in Drb. Then came success.
WAS THE RI PLANNED TO CAUSE COLLAPSE OF MRCB SHARES? EVERYTHING PRE PLANNED?
THEN AT THE BOTTOM WHY PLAN FOR SCRAPPING OF EDL TO REMOVE RM1 BILLIONS SUKUK DEBT. INJECT RM1 BILLIONS FOR SPORTS? WAS THE SCAPPING OF IWCITY IN BANDAR MALAYSIA ALSO PREPLANNED?
ALWAYS SEE BEYOND THE OBVIOUS.
DIG DEEPER FOR THE TRUE ANSWERS
ASK AND IT SHALL BE GIVEN UNTO YOU. SEEK AND YE SHALL FIND. KNOCK AND IT SHALL BE OPENETH UNTO YOU.
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....
calvintaneng
55,242 posts
Posted by calvintaneng > 2017-11-03 15:51 | Report Abuse
90% are fearful only 10% brave?
YESSS!
90% of the market punters will eventually lose monies.
10% contrarian investors will make monies.
Top 1% takes the lion share of profits.
TIME TO BUY MRCB IS NOW!!!