Posted by matrixcool > Oct 27, 2013 11:28 AM | Report Abuse
Janice Love & Vivi Yap ,jennylee & ProfitMan My reading of the following charts:........................................
Scable---Now at the stage 1 of a new cycle, it is expected to trend between” $1.56 to $1.76” with strong support at $ 1.47.It is expected to re test $1.47 & exit if this level is violated. Traders may come in if break above $1.76 with volumes to confirm stage 2 of the cycle.
1.47... WRONG!
Now at the stage 1 of a new cycle... RIGHT!
1.76 TOO LOW... cos RM850mil for an undersea cable to boost Internet connection to the two states.
Sarawak Cable Bhd a maker of power and telecoms cables WINNER!
I saw the news on the projects for sabah + sarawak. but all related infra counters not moving 1. Naim, hsl, cmsb, scable,kkb......these 2 days like no exitement to those counters.
Announcement 29/10/13 | Description: Letter of Intent Further to the announcement made on 30 August 2013 on the Letter of Intent received from Sarawak Energy Berhad to Trenergy Infrastructure Sdn. Bhd. (“Trenergy”), a wholly-owned subsidiary of Sarawak Cable Berhad (“Sarawak Cable”), the Board of Directors of Sarawak Cable wishes to announce that Trenergy had on 29 October 2013 received a Letter of Award dated 23 October 2013 from Sarawak Energy Berhad on its award to Sinohydro-Trenergy Joint Venture the Mapai to Lachau 500kV Transmission Line Project in Sarawak (“Package B”) for a contract sum of RM352.8 million and a Letter of Award dated 23 October 2013 for the Lachau to Tondong 500kV Transmission Line Project (“Package C”) in Sarawak for a contract sum of RM265.8 million.
The commencement date for both Package B and C shall be 15 November 2013 or such later date as may be notified by Sarawak Energy Berhad, with completion period of 23 months and 26 months for Packages B and C respectively.
Both Package B and Package C are expected to contribute positively to the earnings and net assets of Sarawak Cable Group for the financial years ending 31 December 2014 and 31 December 2015.
The Board is of the opinion that the above Projects (Package B and Package C) are in the best interest of Sarawak Cable and its group of companies.
This counter gila2 one. Collect around RM1.60 so far is the best time. Fly up today coz of old news/ announcement like forummer say. Funny. Dont be so serious about this counter. Mid term ok. hihi
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....
JCool
961 posts
Posted by JCool > 2013-10-28 15:03 | Report Abuse
Posted by matrixcool > Oct 27, 2013 11:28 AM | Report Abuse
Janice Love & Vivi Yap ,jennylee & ProfitMan My reading of the following charts:........................................
Scable---Now at the stage 1 of a new cycle, it is expected to trend between” $1.56 to $1.76” with strong support at $ 1.47.It is expected to re test $1.47 & exit if this level is violated. Traders may come in if break above $1.76 with volumes to confirm stage 2 of the cycle.
1.47... WRONG!
Now at the stage 1 of a new cycle... RIGHT!
1.76 TOO LOW... cos RM850mil for an undersea cable to boost Internet connection to the two states.
Sarawak Cable Bhd a maker of power and telecoms cables WINNER!