EURO HOLDINGS. PROPERTY STOCKS CURRENT UPSWING. IN ADDITION TO TROPICANA, EURO WILL BE THE NEXT PROPERTY COUNTER TO MOVE UP WITH A BREAKOUT ON THE UPSIDE. CATALYSTS INCLUDE (1)ALREADY CONSOLIDATED WELL ENOUGH.ACCUMULATED ENOUGH (2)LATEST RESULTS +>RM2M OK BASED ON FURNITURE BUSINESS. PROFITS EXPECTED TO JUMP UP BASED ON THE HIGHER FOREIGN CURRENCIES VALUE OF ITS EXPORTS UPON CONVERTED BACK TO RINGGIT.(3) THE BIGGER CATALYST WILL BE ITS COMING ANNOUNCEMENTS ON ITS MAIDEN PROPERTY PROJECT IN CHERAS AND THE PROSPECTS OF MORE NEWS IN ITS NEW BUSINESS DIRECTION FOCUSSED ON PROPERTY DEVELOPMENT. LOOKING FORWARD TO MORE NEWS N ANNOUNCEMENTS ON ITS CORPORATE ACTION PLANS/AGENDA ON THE 300 ACRES PRIME LAND NEAR TANJUNG BUNGA, PENANG. GOOD TO KNOW THAT THE NEW DTORS N MAIN SHAREHOLDERS ARE ALREADY EXPERIENCED IN PROPERTY DEVELOPMENT (ONE OF THE DTORS IS FROM OXLEY, A SINGAPORE LISTED PROPERTY/CONSTRUCTION ENTITY0.
DATO SRI HANIFF HAD ALREADY ACCUMULATED CLOSE TO 3 MILLION SHARES IN EURO(PER BURSA ANNOUNCEMENTS)IN EURO. A BIG VOTE OF CONFIDENCE IN EURO. MORE POSITIVE NEWSFLOW SHOULD BE FORTHCOMING.
EURO STOCK CODE 7208 = FATT (PROSPERITY FOR ALL) HUAT!!! THE BEST IS YET TO COME
EURO 7208. TECHNICAL CHARTS BECOMING MORE BULLISH. ACCOMPANIED BY INCREASINGLY HEALTHY VOLUMES. OVERALL PRICE UPTREND GAINING MOMENTUM. LET'S WAIT FOR MORE POSITIVE NEWS FLOW AND CORPORATE NEWS TO STRENGTHEN IT FURTHER. CHEERS TO 7208 !!!
from weekly chart: Candle analysis: 3 white soldiers which is bullish if it breakout from rounding bottom which is the price 0.745 it will head to: TP1 = 0.92/0.93 TP2 = 0.99
unless some announcements of corporate news, its hard for the share price to move to reflects its NTA. However, it was just only 5 plus weeks ago that the shares were trading closer to RM0.50.. This is already a 40% rise!.. any further increases without corporate announcements will likely to trigger UMA..so stay tune
OVERALL BURSA MARKET OVERBOUGHT. HENCE THE CORRECTION/CONSOLIDATION THE LAST FEW DAYS. EURO IS CONSOLIDATING WELL. HOPEFULLY TO RESUME UPTREND SOON BASED ON THE FOLLOWING CATALYSTS:- (A) EXPECTATION OF BETTER IQ RESULTS TO BE ANNOUNCED NEXT MONTH. LAST YEAR NET PROFIT RM2.3M. EURO WHICH EXPORTS MORE THAN 50% OF ITS PRODUCTS OVERSEAS WILL BE ONE OF THE BENEFICIARIES OF THE STRONG US DOLLAR AND OTHER FOREIGN CURRENCIES (EG SGD, STERLING, CHINESE YUAN, EURO,ETC)
PLSE NOTE THAT UCHITEC WHICH EXPORTS ITS COFFEE MACHINES IS ALSO A BENEFICIARY OF STRONG FOREIGN CURRENCIES RESULTING IN INCREASING ITS EXPORT PROCEEDS UPON CONVERTED TO RINGGIT. UCHITEC SHARE PRICE HAD BEEN ON AN UPTREND THE LAST FEW DAYS AFTER SOME ANALYSTS HIGHLIGHTED THIS FACT (WHICH CAN ALSO HAVE A POSITIVE IMPACT ON EURO'S SHARE PRICES). HIGHER PROFITS = HIGHER SHARE PRICES.
(B) GOOD PROSPECTS OF POSITIVE CAPITAL MANAGEMENT GOING FORWARD. SMALL CAPITAL BASE OF ONLY 80M SHARES (PAR RM0.50). OTHER FUNDAMENTALS INCLUDE ITS NTA OF 0.85 SEN PER SHARE ( LIKELY BE HIGHER UPON REVALUATION OF ITS EXISTING LANDED ASSETS)
EURO'S NEW BOARD HAD ALREADY INDICATED THAT ITS FUTURE BUSINESS DIRECTION IS MORE FOCUSED ON PROPERTY DEVELOPMENT. THE 2 NEW MAJOR SHAREHOLDERS OWNS THE 300 ACRES OF FREEHOLD LAND IN NORTH EAST PENANG (TOWARDS THE DIRECTION OF THE PRIME LOCATION OF TANJUNG BUNGA.). WHAT ARE THEIR PLANS FOR THEIR VALUABLE PIECE OF PRIME LAND? WE HOPE THEIR PLANS WILL BENEFIT EURO'S BUSINESS.
THERE IS A NEED TO ENHANCE THE MARKET LIQUIDITY OF ITS SHARES TO ATTRACT INVESTORS. EXPANDING ITS CAPITAL BASE AND ITS SHARE LIQUIDITY LIKE VIA PRIVATE SHARE PLACEMENTS TO STRATEGIC INVESTORS, BONUS SHARES, ETC, ARE POSSIBLE CAPITAL MANAGEMENT MOVES. WE ARE ALSO HOPEFUL THAT THE CAPITAL MANAGEMENT CAN INCLUDE THE DIRECTOR'S 300 ACRES OF PRIME LAND AS PART OF THEIR STATED CORPORATE GOAL TO DIVERSIFY INTO PROPERTY DEVELOPMENT.
(C) REAL ESTATE EXPERTS NOW OPINED THAT THE 2 MOST PROMISING LOCATIONS FOR PROPERTY DEVELOPMENT ARE KLANG VALLEY/SELANGOR AND PENANG. YES PENANG. DUE TO ITS STATE GOVT'S HUGE INFRASTRUCTURE MASTERPLAN (INCLUDING 3 NEW EXPRESSWAYS, ONE OF WHICH WILL LINK UP TO TANJUNG BUNGA)
ALSO IN THE NEWS IS THE HUGE PROPERTY PROJECTS BY ECOWORLD IN BATU KAWAN, IN THE SOUTH EASTERN PORTION OF PENANG( 300ACRES+150 ACRES OF LEASEHOLD LANDS)
EURO'S DIRECTORS 300 ACRES LAND ARE IN THE NORTH EASTERN PORTION OF PENANG. THESE LANDS ARE FREEHOLD.
WE REMAIN HOPEFUL THAT EURO CAN EMULATE THE SUCCESS OF ECOWORLD IN ITS DIVERSIFICATION INTO PROPERTY DEVELOPMENT.
(THE ABOVE COMMENTS REFLECT MY THINKING AND HOPES IN THE SUCCESS OF EURO ESPECIALLY IN ITS STATED DEDICATION TO PROPERTY DEVELOPMENT. MUCH OF THE INFORMATION ARE ALSO AVAILABLE IN THE PUBLIC DOMIAN. PLSE DO CONSULT YOUR OWN REMISIERS IN MAKING YOUR OWN INVESTMENT DECISIONS.. GOOD LUCK TO ALL.
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Posted by Zai Zai > 2015-03-09 17:01 | Report Abuse
this few day DATO' SRI MOHD HANIFF is collecting include today
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1895229