OTHERSPROPOSED LISTING OF PT MEGAPOWER MAKMUR TBK, AN INDIRECTLY OWNED SUBSIDIARY OFBINA PURI, ON THE INDONESIA STOCK EXCHANGE (PROPOSED LISTING)You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
all construction counters damn expensive except Bpuri...too good to be true....em...there must be some reasons....i still look see, look see only...To all SIFU, any comment why it so damn cheap despite of huge contracts? unlike Ekovest also with large contracts but rise like crazy?
Technical Buy - BPURI (5932) Author: PublicInvest | Publish date: Tue, 11 Apr 2017, 09:18 AM Target price RM0.505, RM0.580 Last closing price RM0.455 Potential return 10.9%, 27.4% Support RM0.450 Stop loss RM0.425 Possible for chart pattern breakout. BPURI’s share price moved and formed into a symmetrical triangle pattern in the past six months. Both bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term for potential breakout from upper trendline. Should resistance levels of RM0.480 be genuinely broken, it may continue to lift price higher to the next resistance levels of RM0.505 and RM0.580.
However, failure to hold at support level of RM0.450 may indicate weakness in the share price and hence, a cut-loss signal.
This long established construction company always underperformed.Can win public projects but their profit margins always sub-par as compared to many other similar construction companies.
Presently,the stock price looked bearish with a long black candle recorded on mid-April.The MA chart is also trending downwards.The MACD and RSI also support or underpin the bearishness.
In the immediate term hard for the stock to move upwards UNLESS there is some big news announced which can then move the stock price momentarily.
This politically -connected construction counter from past experiences used to get a number of big public infra projects.But their project execution and management skill is mediocre!.At the end of the day they ended up with thinly marginal profit margins.Unlike,for example other construction company like Kerjaya Prospek, which is selective on the job wins but their profit margins are usually around 7-10%(or in some cases higher). 2.The project performance will be reflected on their QR outcomes eventually. 3.Impending change to transform the company not foreseeable in the near future. Just to share.
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....
nekosan
3,637 posts
Posted by nekosan > 2017-02-25 16:18 | Report Abuse
Sell immediately as 10% drop is a crash according Warren buntut calvintaneng