As of 15 May 2015, EWEIN has been on a strong uptrend as suggested by the upward sloping 20-Day and 50-Day Moving Averages. In addition, the price just broke the resistance of 0.87 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
BURSAMASTER - appreciate if you clarify on what basis the TP of 1.20 is derived. I have been holding this counter at an average price of 54 sen more than a year ago.
soon many will know the name of this co.,ewein . a rough estimate puts ewein share of the potential profit frm city of dreams at 40 mil,bear in mind the share capital is only 210 mil. and more projects frm the 6.3 billion worth of reclaimed land are expected to be grabbed..hold tight,hahaha.
ewein only got to jointly develop 133 mil worth of reclaimed land wth gdv of 800 mil n here it is at 97 sen. if it can be invited to jointly develop the remaining 6.2 bil land with potential gdv of 36 bil what will be its price? this stock is really ecoworld in its very early days.
the real gem will shine in the face of adversity,today closed at 52 week high despite a sell down of broader mkt. QueenM,pr action speaks volume..let's see.
Reference is made to the article entitled "Ewein reverse takeover?" appearing in the Focus Malaysia, on page 6 (for the week of May 23 - May 29, 2015).
It was quoted in the article "Metalsheet maker Ewein Bhd could be the target of a reverse takeover. Sources say the takeover price is likely to be between 90 sen and RM1.20".
The Board of Directors of Ewein wishes to inform that they have no knowledge of the above reported statement and the abovementioned article, nor has received any takeover notice and is not aware of any potential takeover offer as reported by the abovementioned article.
most likely Konsortium Zenith is involved in the RTO if any as they want to monetise their 6.3 bil land to provide funds to build the tunnel,they cannot get the banks to finance it all....and the show gets more exciting.
Penang-based metalsheet maker Ewein Bhd (fundamental: 1.55; valuation: 1.4) said it is unaware of any potential takeover offer for the company.
It was responding to a news report, quoting sources, that Ewein could be the target of a reverse takeover, with the takeover price to likely be between 90 sen and RM1.20.
"The board of directors of Ewein wishes to inform that they have no knowledge of the reported statement and the article, nor has received any takeover notice and as reported by the article," it said in a filing with Bursa today.
mmm... nicenice... I ve d same view.. it looks positif n impressive.. rchi ur words "bro alpha trader with u on board this ship will sail north." makes me smiles a lot. tq.
despite klci drop nearly 100 pts ewein has risen non stop frm 70 sen till now,this is what i call internal strength,it means something big is brewing. 360Capitalist i absolutely agree wth u tat we cannot trade ewein,this is a buy n hold. in my mind the period of holding this stock may span many yrs possibly till completion of penang tunnel in 2025...this is a long story...may we all prosper riding ewein ship.
tomorrow 27May15 is the AGM day for Ewein Bhd, 10:00am . Hope that directors can unveil any mystery rumors of RTO? Awaiting for the good news. Anybody attend the AGM, please quickly share your points here.
Ewein for the winnnnnnnnn! only retards spend time bashing a counter, probably no money to buy a counter, so many counters out there for you to cherry pick
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BURSAMASTER
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Posted by BURSAMASTER > 2015-05-14 18:02 | Report Abuse
Today close at its high of 0.87. Should break rm1.00 next week. Something exciting in store next week. Dont miss the boat.