Good When fear is at the greatest, it’s time to bargain hunt. Chart wise it’s ripe for a recovery for a 10-20% short term gain. Fundamentals are good & so it’s the mgt. Get ready for a fast ride up
Those who got no faith in this share pls no need to comment if don’t have. Shares are rallying up, even rubbish n no value shares also. If you think this share no good no need to buy & frighten people. If you frighten don’t play share market. People want to make money but some people scaring people. Just go away & F off
In fact this is my favour stock, I bought back again 0.975 when came down last 2 week, but unfortunately very very struggling to strike back above 1.06....
So finally I had decided let go with small profit......
Be patience during uncertainty period......
Let it correction with firmly supporting then re-enter......
This stock recently more volatility due to business models on the uncertainty situation......
Volatility is where money is to be made especially on good stocks as the share price will eventually go back up to your purchase price . On highly speculative shares the risk is too great as you might lose your capital or lose opportunity cost hence weigh it against risk & reward . This share has not appreciated 100% or more from its lows unlike most other shares so there is good opportunities for a breakout.
Muhibbah Engineering (M) Bhd. is engaged in the provision of oil and gas, marine, infrastructure, civil and structural engineering contract works. The Company's segments include Infrastructure construction, which is engaged in the construction of petroleum hub and bunkering facilities, oil and gas terminals, liquefied natural gas jetty works, marine ports, airport terminals runway and facility support buildings; Cranes, which is engaged in design, manufacture, supply, trading, leasing and is a service provider of offshore oil and gas pedestal cranes, tower cranes and shipyard cranes; Marine ship building and ship repair, which is engaged in design, engineering, building and is a service provider of anchor handling tug boats, supply vessels, accommodation ships and marine vessels for the offshore oil and gas exploration works, and Concession, which is engaged in privatization of international airports in Cambodia and road maintenance works in the central region of Peninsular Malaysia.
1.New airport January 20 -Vinci SA own 3 "international" airport in Cambodia, located at different province. Why so worry of the new airport at Kandal Stueng District. The government already mention it 4 years ago, why panic.
"Earlier 2016, government officials unveiled a plan to halt future expansion on Phnom Penh International Airport and build a new airport to serve the capital on land 30 to 40 kilometres outside the city. Construction on the airport was slated to begin by 2020 and take five years to complete."
Eg:- If your destination is to Melaka(assume Melaka got international Airport), will you travel to KLIA and take bus to Melaka or you will direct take flight to Melaka? As simple as that.
2.Bad Result 28.02.20 Ok la, provision/impairment just an accounting treatment. Not a big issue at all. No impact on cashflow and all.
3.Covid19 March 20 Beyond our control, just treat it as new event and opportunities.
4,Oil price April 20 People worry drop in oil future might affect Favco order book. Alamak, oil price drop from USD100 to USD30 in 2014. But still Favco make pretty profit for 2015,2016, 2017,2018. I'm sure oil price will slowly comeback.
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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....
Chai Kung Fee
121 posts
Posted by Chai Kung Fee > 2020-04-23 09:30 | Report Abuse
Going to move next high!