Down a bit bising, buy and wait will see your profit growing. Why worry now company already start doing well, previously performed badly due to India power station project. Already over lor
mudabanglajaya is the strongest stock i have seen so far, eversince monkeys inside mcb playing fool around, the company still can survive...salute bro!
Despite the slow economic growth in Malaysia, the Group will continue to actively participate in open biddings of both public and private projects to replenish the order book given the Group vast experience and competitiveness in the construction segment. In addition, the Group's total order book of RM1.4 billion as at the reporting date is expected to sustain its operations over the next two years.
The Group's investment in its associate, RKM had already been fully impaired and the Group consequently no longer equity accounted further losses in RKM except for the adjustments as explained above.
Nevertheless, management is still involved with the investment in IPP in India via the Group's 26% associate RKM, where all 4 units of the IPP development have achieved commercial operation status. The proposed resolution plan for RKM is currently being reviewed by its lenders.
The Group has been notified on 1 February 2020 that RKM has commenced power supply to the State of Telangana pursuant to the Pilot Agreement entered into between RKM and PTC India Limited for the supply of 550MW power.
People are looking for prospect. Past result doesn’t guarantee future profit. The company starts to have sign of reducing losses. It’s the turning point. That’s why the price is being pushed up all these while.
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....
smallfisher
85 posts
Posted by smallfisher > 2020-02-13 13:03 | Report Abuse
this counter lousy