Digesting and well absorbing strong sellers at 1.17 for past few days without price retreating much.Next week should fare better with strong buying support. Achieving 1.2+ is not much of a problem .
KUALA LUMPUR (Feb 10): WZ Satu Bhd is acquiring a PR1MA housing project’s construction company from funeral service provider Nirvana Asia Ltd’s founder-cum-executive chairman Tan Sri Kong Hon Kong and deputy chief executive officer Kong Yew Foong for RM30 million, to be satisfied via issuance of shares.
The project is being undertaken pursuant to a Master En-Bloc Purchase Agreement dated March 18 last year, entered into between PR1MA Corp Malaysia, Sinergi Dayang as the contractor and Barisan Arena Sdn Bhd as the proprietor.
It is a mixed development comprising 2,426 PR1MA homes and 69 retail units and its construction contract value amounts to RM503.2 million.
The group said the proposed acquisition represents an initiative to expand its order book by securing a PR1MA development project, which if completed, will increase its order book to about RM1.4 billion.
my point of view is win win situation for wzsatu and tan sri kong hon kong(nirvana side). wzsatu use 30m to get a company with 500m contract and Sinergi Dayang’ project at pahang while dato tengku uzir is royal member of pahang. So, in future, they might get more projects as benefit of this status. While nirvana side get 7.8% stake of wzsatu, seem he also confident in wzsatu. But downside is issue 8.7% of share. Overall, in my opinion is win win situation.
Despite overall market profits taking , wzsatu still maintaining without much price dipping . Should go forward when market rebound . Very imminent to achieve 1.20 mark . .....cheers to all invested in this counter !
Yup correct kakshit sifu, but wzsatu orderbook can cover for 2 years ++...now they focus on construction....form bauzite already decrease from last year...18.5m to 9.7m...if u see the profit keep increase walaupun income from bauxite decrease...
Achievable if only with conditions that our local bourse and the world market can be sustainable in the medium term if not necessarily long term . The overall market cannot loss steam altogether in order for stocks to recover more of its future potential and wzsatu is on the waiting list with better financial results as expected
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3538 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
hionghiongki
171 posts
Posted by hionghiongki > 2017-02-10 15:16 | Report Abuse
tengku buying shares throughout the year....do you see this share gone up every day? Lol