cash rich cash rich....selling asset, earn extra cash, lots of cash dude....huhuhu....almost 2 weeks plus still hanged 0.48-0.495, this must be the support i think
For the current quarter under review, the Group recorded revenue of RM100.6 million and pre-tax loss of RM101.3 million, as compared to revenue of RM102 million and pre-tax profit of RM33.4 million in the corresponding quarter. This represents a revenue increase by 1%.
The pre-tax loss generated in current quarter was mainly due to impairment of goodwill, losses in associate company, as well as other additional provisions while the pre-tax profit generated for the corresponding quarter was mainly due to the write back of provision for Liquidated Ascertained Damages (LAD) under the Construction division.
Read this in Feb! MTDACPI has been creeping up over the past two weeks following an announcement (7th Feb) that the company had entered into a subcontract agreement for the Abu Hamour surface and ground water drainage tunnel in Doha, Qatar. Yesterday, the share price advanced a further 3 sen (+6.3%) to close at 50.5 sen on high volume. As a result, the share price has confirmed a “Symmetrical Triangle” pattern amid an improvement in the key indicators such as the MACD and RSI. Chances are high that MTADCPI would benefit from some follow-through buying in the coming days, and we reckon that eventually, the share price would make its way towards the 68 sen “Symmetrical Triangle” measurement target price. Meanwhile, strong support is seen at the 46 sen, and 41 sen further down
huat888, yes, somewhat true but the large losses in previous quarter is mostly due to impairment of goodwill, nonetheless, the profit is there and, they have order book of RM1.1 billion for both the Construction & Engineering; and Manufacturing segments. Coming ETP11 will be more interesting
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....
jenabchen123
1,219 posts
Posted by jenabchen123 > 2014-04-20 12:49 | Report Abuse
Ya lor, jangan gelojoh. The ideal it climbs 0.56 and hang around there building base before moving up again.