This stock has been under my radar for very long & it is an undervalued stock but the problem is the boss doesnt want to revalue its land so price has not been moving since the last time it moved. TP 1.70.
Undervalue counter with strong support around 89-90 cts level. All penny stock are on fire now and matter of time this one will caught fire. Large tract of land in seminyah worth plenty of $$$$$ now.
What's there to comment when Inckeneth has been in hibernation far too long. Been holding this laggard for almost 6 mths. I believe its land assets has never been revalued since booked in the 1960s or 70s. It has a large track of plantation land in Kajang ripe for property development. Reputable developers like SP Setia, Naza TTDI, Tropicana & Sime Darby have been aggresively purchasing land further south from Semenyih down to Seremban due to scarcity of land for development. Even if no developers are pursuing Inckeneth land assets, a revaluation of its land assets will certainly price its share value 2 fold. Add that to puting its plantation land on the market, you'll have a double whammy. Though Keneth is only inching up after long hibernation, it will travel by a mile in the near term. Best of luck.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3148 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
multi530
336 posts
Posted by multi530 > 2013-07-18 09:25 | Report Abuse
The company bought another 80k yesterday....something is happening...but when are they going to unveil their plan?