@ Eurus1973, today no show, plane still on the ground. Seem that maybe influence by fundamental amalysis commemts. Is Mimetech no more catergory as goreng stock?
it is only proven when the Group wins the projects (either those entered in MOU or any new project), or else, it is just a short term rebound and unable to last for long term.
The most underrated and unknown construction company
It started with the emergence of Dato Awang Daud in the company and became a chairman back in March this year. Brought his son and new strong and reputable faces into the new management to freshen up the team and launched a new logo.
Since then, Minetec has secured 3 projects although they are small size projects. But slowly, this Minetec’s new management has shown its pulling power to secure projects compares against old Minetech.
Notably, the newly secured project for Pan Borneo Highway in Sarawak has lifted its reputation in getting involved in the multi-billion project in the future. Not necessarily as the main contractor but as a subcontractor will do.
This reminds me of Kejuruteraan Asas Bhd (KAB - 0193), which they work on the small size projects basis but the share price can still rally from below 0.20 to high of 1.20 within 6 months between mid-2019 and early 2020.
Moral of the story - Never look down on the small company when you don't understand its greatness.
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....
strattegist
23,459 posts
Posted by strattegist > 2020-12-04 17:15 | Report Abuse
hohoho