Hi Putra, in fact this a rare opportunity to make money if the mother share shot to 80 cents or more. Its not impossible for Fajar to go beyond 80 cents based on their valuation and the the revival of ECR in April or could be earlier and also potential income from timber and australia project. Hence, the warrant will be in demand.
Daim: Govt to finalise ECRL project in early April with savings of RM10 bil
By Bernama | 2019-03-22 22:40:51 KUALA LUMPUR (March 22): The Government is expected to finalise the East Coast Rail Link (ECRL) project in early April with cost savings of more than RM10 billion, Council of Eminent Persons chairman Tun Daim Zainuddin said.
He said the project, which is becoming closer to reality, would have new commercial elements that would have a greater impact on Malaysian companies and people.
“When we discuss, we negotiate and I like to make a commercial deal...a lot more (projects) will come our way and we will get more profit," he said in an an interview on TV3’s prime-time 'Bulletin Utama' tonight.
Commenting on the status of the discussion, Daim said Malaysia had received an invitation from the Chinese government to finalise the project on April 2.
“However, it could not be executed on the same day, instead in the same week.
“Alhamdulillah, in the present situation, we may be able to resolve this as soon as possible...I have a good relationship with them as I have known them since 1971. Maybe they are comfortable with me. I am an old man," he said.
Daim has been appointed by the Government as the special envoy of the Prime Minister to head the ECRL negotiation with China.
The ECRL project was previously approved by former Prime Minister Datuk Seri Najib Razak in October 2016 at the cost of RM55 billion.
However, Prime Minister Tun Dr Mahathir Mohamad, on Wednesday, said that the Government would be saddled with a RM130 billion debt if the ECRL project is implemented on current terms and conditions.
The 688-kilometer ECRL, if built, would link Port Klang in Selangor to Pengkalan Kubor in Kelantan.
I have set a golden rule for myself, in any circumstances when news out, wait for 2 hours.. that will be the moment of truth about where the direction of any shares will go?. up or down.
Can start selling or buying.
i have my good reason for setting that 2 hours rule.
Rebound as soon. Quarter result fajar still making profit compare with Azrb. Azrb quarter result not good still going Up. Logically Fajar will follow rebound as soon.
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....
Yusuf Isa
246 posts
Posted by Yusuf Isa > 2019-03-08 16:33 | Report Abuse
What Fajar had in their order book?