The new ruling coalition is determined to wipe out the lifeblood of the former Kingdom of Kleptocrat by stalling, cancelling, reducing scope of work and renegotiating the price of construction contracts and other supply procurement. It will have a big impact to the economy structure in the short term.
last call b4 u are trap forever in MRCB. The downtrend has started and would continue for few days and reach back 0.60. For those who hold warrants whereby the exercise price is RM1 and expiry within the next 2-3 months, just sell it and move on. MRCB-C32 is too high with the premium now. The issuer was trying to push it to 0.105 this morning but seem the market is calm enough on not to fall for frenzy buying. This is how MRCB gonna trap you just like how it reacted when MRCB won HSR.
It should linger around 0.60 for some time before it gets more clarity on the HSR, EDL and other projects. MRCB is considered pro BN and UMNO last time. It still left to be seen if MRCB would be penalized by PH or can compete on equal terms with other construction companies since now they no longer have big bro to look after them and award them contract.
The worst is over for construction stock, Those they buy cheap should keep for short term. If u can observe in the stock movement for construction stock, price tend to drop bit, price rebound strongly whenever there is good news.... More good news coming.
It wont down that drastic today as the euphoria and hope is still there. Give it another 3-5 trading days before the hard reality sets in. Punters and speculators still have time to exit if they want to but usually they wont until the counter drop back below 0.65 and make a 0.05 - 0.1 loss within 3 days.
I see very good value & strong fundamental in selective construction stocks.. This stocks have some more good news to come, that will reflect the true value of the stocks. Downside is limited, price drop few cents when bad new announced, price jumps strongly whenever there is good news.. By looking at the Balance sheet, it is good bet for mid term..
If u read the PH gov announcement lately, the "bad news" will be announcing till 100days, there after, good news will be flowing in till budget day on 2/11/2018. Market sentiment has changed & turn positive this weeks. Don't just look at day to days share price, i strongly see the price will trading upwards now.
Accumulating on weakness,,, I always believe that if most ppl selling, then it is time to accumulating quality stocks... I am observing big fish have been accumulating for past months...
Well, That is all "PUBLIC INFORMATION", everyone in the stock markets knew this. Analyse & research yourself to find out more to get information on the fundamental and value of the stock. According to market study, Most ppl investing in market by reading the "public information" can only make "normal profit", ppl who can analyse and study the market ahead of public news tend to hit super profit...
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....
Muarmali
1,186 posts
Posted by Muarmali > 2018-07-13 08:49 | Report Abuse
The new ruling coalition is determined to wipe out the lifeblood of the former Kingdom of Kleptocrat by stalling, cancelling, reducing scope of work and renegotiating the price of construction contracts and other supply procurement. It will have a big impact to the economy structure in the short term.