Ema is an exponential moving average line which used to determine a price trend and could act as a dynamic support/resistance...currently 345 is on the one month average price which technically still has the uptrend direction
Ocr is undoubtedly one of the main beneficiary of Ecrl project. Now, when there's a realignment, it means the project will definitely go through but just a matter of time
Under old route alignment, the track was proposed to go through 8 stations in Pahang alone with one of the highest cost will be the 17.8 km rail tunneling from Bentong to Gombak compared to the current alignment which only 7 stations without Bentong. So if the jv is going to be successfully finalised their contract agreement, this could increase the chances of higher total contract value for Ocr and pknp
Realignment means the project is going to cost more lah...last time PH cut the project cost and now its being realign to what it was which translates to more cost equals more money...hahahaha....once all this is settled those who bought in low will reap maximum profit.....be greedy when people fear....need I say more.....
KUALA LUMPUR (July 6): The potential realignment of the East Coast Rail Link (ECRL) back to its original west-east traverse that was proposed during the times of Barisan Nasional (BN) administration could add as much as RM20 billion to its original cost of RM44 billion, said CGS-CIMB Research.
Citing a report by The Edge Malaysia weekly on the purported plan by the government to change the alignment, CGS-CIMB Research analyst Sharizan Rosely also expressed concerns about the likelihood of further delays in the project.
The analyst was neutral to negative on this news as the realignment would “mainly benefit” turnkey contractor China Communications Construction Co Ltd (CCCC), which is undertaking the majority of tunnelling works of the megaproject.
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Posted by Playmaker > 2020-07-03 13:37 | Report Abuse
But remember to sell high otherwise u are putting all eggs in one basket