KLSE (MYR): UEMS (5148)
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Last Price
1.03
Today's Change
0.00 (0.00%)
Day's Change
1.02 - 1.07
Trading Volume
19,043,100
2024-08-08
2024-08-08
2024-08-07
2024-08-06
2024-08-06
2024-08-02
2024-08-02
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2024-07-30
Taugeh
671 posts
Posted by Taugeh > 2012-09-15 22:17 | Report Abuse
Ya..I've read the news. You are right on for the approved budget 950+; however, for UEM, it can go beyond that because sometime 'budget' not enough mah...so what to do???
Need to top up at a later stage. The government would have to increase the budget due to unforeseen circumstances; otherwise, the project cannot be completed. Bear in mind, it was not the company’s fault; it is due to ‘unpredicted or expected situations’. It happens a lot, very common. So, good news..good..good.
But 1.90 will be a challenge on Tuesday. Even it closed at +0.11 on Friday, it doesn't mean it will perform the same on Tuesday ehh...
I mentioned it earlier that it would go up 5, 6 or even 7 point is actually valid.
Why? It was because the UEMLAND on Friday actually started trading at 1.73 (even though the closing price was 1.69 on Thursday) on Friday. It was being traded mostly at 1.78 until closing moment and pushed up to 1.80 in the end.
If we see UEMLAND starts on 1.82-1.83 on Tuesday, then the probability for it to close at 1.90 will be feasible. Nonetheless, it is still within 5, 6 or 7 points during actual trading period.
Do you agree? I sure hope it will go higher..hahahaha