old guards are in complacent mode. low pay can't attract new horses to maintain the business.
a pay of less than 5 digits cannot attract hardworking millennials. construction company need strong execution team to deliver the project/product/service on time and within budget.
Seem like Alibaba related stocks are not popular anymore. Its a good time to buy construction stocks like Muhibbah as they are likely to consolidate this week.
Construction stocks have strong momentum. Today 24 construction stocks out of 32 consolidated. The stock is likely to continue consolidating. Look at semiconductor stocks! TPs analysts provided are very useless.
An analyst lowered its target price to RM 3.05. A target price is not as important as a QR as its not real. The stock price will consolidate as the value of an order book increases.
A buyback reduces the number of shares in a company held by the public. In the near term, the stock price may rise because shareholders know that a buyback will immediately boost earnings per share.
Based on last year report, buyback shares stand at 1,783,000. What can they do with these? Sell it back to market or give to employee as incentive or ??
Another catalyst would be LRT3 for remaining packages after Suncon, GBGAQRS, WCT & Mudajaya were announced as successful bidders for some packages last few days.
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....
Muarmali
1,186 posts
Posted by Muarmali > 2016-11-22 12:02 | Report Abuse
old guards are in complacent mode.
low pay can't attract new horses to maintain the business.
a pay of less than 5 digits cannot attract hardworking millennials. construction company need strong execution team to deliver the project/product/service on time and within budget.