Our PM already said...."it is difficult to reduce cost or cancel the HSR"....so only "delay" is the most outcome...and MRCB will benefit the most....don't forget...MRCB more or less belong to Rakyat from the shareholding in EPF + Tabung Haji (abt 40%)
Macquarie Equities Research (MQ Research) maintained an Outperform rating on Malaysian Resources Corp Bhd (MRCB) in its report released yesterday (25 Jul). MQ Research believes that the share price will be driven by sale of the Johor Bahru Eastern Dispersal Link (EDL) expected in August 2018, improved sentiment of the sector and the earnings delivery from its RM6.2bn outstanding order book. The changes in its orderbook has prompted MQ Research to revise its Target Price to RM1.00. Based on MQ Research’s Bear Case scenario, MRCB’s fair value is at RM0.88, as such at the current level, the stock is still undervalued.
Maybe to early u sold today,just break rm0.80 today in high volume,next week will be better rm0.90 above U hold tight u more profit.... Maybe u can get buy again below rm0.80....
Don't be dissappointed yet. MRCB prices haven't changed much. The price did up & down, but actually it never moved. Something has accumulated the stock at around .700 price point. We can confirm that profit taking has happened on 13th July. 164 million shares have been disposed on that day. Fast forward throughout the week, the retailers and perhaps, institutions have accumulated the stock before the ex date. From 16th July to 18th July, about 197 million shares have been bought. Dividen players did disposed some of the shares on 18th July, but the low .675 has quickly attracted another investors. With the confidence announced by Mr. Prime Minister on 19th July, the price has steadily been bought of about 111 million shares and another 53 million today, 20th July.
From this point, MRCB gonna break it's major resistance of .740 by next week, before heading to break the trend price of .800.
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Who don't believe me since 2 weeks ago Ive been writing a blog? Come, come. I treat you Pizza Hut.
guys...please check what is the price before GE (8May)...then you will know how much will it goes. Fundamentally, there are no much changes negatively. In fact, its fundamentally change positive significantly (completion of the EDL sales)
Oh Argentina. I had to let it happen, I had to change. Couldn't stay all my life down the hill, looking out of the window, staying out of the sun. Lmao
as i mentioned earlier, i see a very good potential for this counter ...i have bought at RM 0.60 on 27/6 and 10/7 eventhoughnow making hugh profit but i choose not to sell as i see great potential rising for higher and higher
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....
cherry88
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Posted by cherry88 > 2018-07-27 16:40 | Report Abuse
Our PM already said...."it is difficult to reduce cost or cancel the HSR"....so only "delay" is the most outcome...and MRCB will benefit the most....don't forget...MRCB more or less belong to Rakyat from the shareholding in EPF + Tabung Haji (abt 40%)