Hold it for 2 years I believe it will above rm3. As money already invested to build a health centre, cash flow should be coming in soon after completion.
nobody knows how long we hv to hold n wait for it to blast off..patience n holding power ...if buy at the right px with good margin of safety...just hold n wait lohhh.....
This counter is like ulicorp, once she wake up, she will run very very fierce until you feel difficult to chase it ....hold tight tight and earn kow kow... Good luck ^_-
Multi-Code Electronics Industries (MCEI MK) Technical BUY with +20.0% potential return Last price : RM1.65 Target Price : RM1.81, RM1.98 Support : RM1.56 Stop-loss: RM1.52 BUY with a target price of RM1.98 with stoploss below RM1.52. MCEI’s share price breached the long-term downtrend line on 31 Jul 14 as the share price established firm support at RM1.45. Last Friday’s surge has confirmed the creation of a new up-leg with MCEI having successfully breached the 4- month high or immediate resistance of RM1.56. The extremely high trading volume of 0.62m shares (vs 20-day average of 0.14m) suggests strong buying interest and is likely to push the share price higher in line with rising momentum as shown by positive readings in RSI and MACD. A bullish crossover between the +DI and ADX lines signals a stronger uptrend ahead. As such, we expect a new uptrend to retest the previous high of RM1.98 over the medium term. Expected Timeframe: 3 weeks to 3 months
The Board of Directors of MULTI-CODE ELECTRONICS INDUSTRIES (M) BERHAD ("MCE" or “the Company”) wishes to announce that Vantage Realm Sdn. bhd. a wholly-owned subsidiary of the Company has incorporated a new wholly-owned subsidiary under the name of VANTAGE MEDICAL CENTRE SDN. BHD. (“VMC”) with an initial authorised capital of RM400,000-00 divided into 400,000 ordinary shares of RM1-00 each and an issued and paid up capital of RM2-00 comprised of 2 ordinary shares of RM1-00 each fully paid. VMC was incorporated on 23 September 2014 under the Companies Act, 1965. The intended principal activity of VMC is to undertake the development and operation of a medical centre on the piece of freehold land situated on part of HS(D) 264382, PT 26533, Mukim Bukit Raja, Daerah Petaling, Negeri Selangor purchased by Vantage Realm Sdn. Bhd. The Company had obtained shareholders approval for the purchase of the said land as well as diversification of its business into the business of healthcare services on 12 March 2014. This announcement is dated 24 September 2014. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1747449
according to the multicode website, their customers are proton, perodua, toyota, honda, ford, daihatsu. Hopefully after new launch of few car models will bring the revenue up.
Why is MULTICO venturing into the Medical field? Wouldn't it be better to concentrate on their core competency and open sales office or manufacturing plant in Thailand or Indonesia to service and expand their sales in the next two automotive power houses?
I bought into this company for the dividends. My concern is that they are moving into new industries that could effect future dividend payouts as there will be a period of learning curve and getting the confidence of patiences on their hospital services. Might be good in the long run but risky in the short/medium term.
News mentioned that Proton is not paying their vendor. Proton admits they do have some payment issues but debt is manageable. Of course they going say that. Wonder how much is owed by Proton to Multico? Understand Proton trying to to arrange a RM2 billion sukut financing. Hope this comes fast and after this Multico deal with Proton on a cash on delivery basis!
i have missed the golden opportunity to sell at 1.7 ... sigh ... everyday keep on dropping ... last Q result even the worst of all !!! From a strong FA stock ... transformed to ... Is FA master - cold-eye still holding this share ??
for those who already take a ride on Multi-Code better take a look @ M-MODE, M-MODE is far much better and some day this M-MODE will even go up high high in the sky, ha ha ha, my name is Tian Tian Huat lah.... ha ha ha
ha ha ha MMODE result already out today... it is very good and this MMODE will start to fly tomorrow... for those of you who not yet buy MUST quickly buy... DON't be the so called "Jack of All Trades" ha ha ha..... huat lah!!! Let's forget about MULTICO for the moment lah..... ha ha ha
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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....
yipgusing
483 posts
Posted by yipgusing > 2014-08-15 16:16 | Report Abuse
what happen oh ? false trigger ?