from my observation.. mrcb always move together with uemland. what ever the news, just watch these 2 counter. 1 go up, the other will follow. go down also sama jugak.
yesterday, uemland fly. oday, probably mrcb will follow.
trade with caution.EPF :major shareholder.But surprisingly major trader is Tabung Haji.Like u n me,TH buy in low n sell high.BUT in huge vol.The good is this counter will not go down low bcos TH will be in to buy but then the bad is TH will surface again to sell when it goes up.That is why the price is maintained at average 1.68- 1.70 for the last 6 mths.But the daily price range is much wider.Can make duit kopi only.So recommend for day trade on this counter.What to do!If u cant win them join them.Also be careful with this counter.It may turn tak cantik if BN loose coming election.Branded UMNO counter.
Hi Alexisvics,It would be go good to view DAILY BMBSB:Changes in shareholdings on MRCB/Tabung Haji to get a 2nd opinon .If daily trade price range is bet 4-6 cts,Tabung Haji will(more often than not) will appear in BMBSB Report on the next trading day or the day after(Normally immediate announcement for most counter)be it acquiring or disposal.I have mixed view on GARPUNA + MRCB.it may = -ve.(Refer kltrader Wed 10/11) I am confortable with MRCB + RM1.1B-1.3b EDL PAYOUT = ++VE.Wonder why the delay to after election.Afterall Tony Pua of PKR said the compensation of more than RM 1.1B is far value.Refer MALAYSIA INSIDER.MRCB may not agreed bocos the amt is reimbursement on operting cost only on EDL.No compesation on loss of revenue on toll?MRCB is not on charity business but profitable business.Where got such business meh as buld a highway costing Rm1.1b and gave it up to the govt for the same amt.
My guess is in the short term there is no catalyst for this counter to move to 1.93 unless some major corporate announcement and with GE13 is around the corner the downside risk on this counter is very high thats why I stay away unless the SP moves below 1.60 then the risk and reward ratio looks attractive.
This one is worth watching. If it breaks past 1.78 convincingly, then 1.90 or more is possible. The technical readings are turning positive. The main worry is how MRCB will respond to news of the next GE.
Difficult for it to go up much in the present environment. Will have to wait until after parliament is dissolved first to see how investors respond. This shouldn't be too long. Might be able to buy it lower during this period. If the indications show a better performance by BN is likely, then counters like MRCB, Gamuda, UEMLand, Glomac etc. are worth betting on.
Not a bad price. I had bought higher last April, at 1.72. It was on a downtrend but that was before I knew the basics of technical analysis. Went down to 1.55 or so and I was kicking myself for not having learned something about TA first. But it went up after that and I sold at 1.87 two months later. With MRCB, you just never really know. It may look rather gloomy at the moment but it can go up just like that. It's a counter which traders follow, and they'll immediately jump in when it looks like moving up again.
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....
mysaham
304 posts
Posted by mysaham > 2012-10-25 09:55 | Report Abuse
from my observation.. mrcb always move together with uemland. what ever the news, just watch these 2 counter. 1 go up, the other will follow. go down also sama jugak.
yesterday, uemland fly. oday, probably mrcb will follow.