Both maybank n uob new target price was subjected to Bsrakah getting the Pan Malaysia T&I contract. The stock will fly if the contract is confirmed and drop if otherwise.
Ryan11 Post: Barakah has got LOA of TNI contract from the PSCs..it's just a matter when will they declare it to shoot the price up to RM 1.80. I have been accumulating this stock at 1.00, 1.24, 1.32.. RM 2b job for the next 3 years. Still not to late to pick up at current RM 1.40. Without the TNI job they even perform well posting net profit of RM 41m increased from RM33m in 2012
Ng Ying Ying, Wait and watch the first 20 mins of the trading pattern. There is no confirmation from PETRONAS on the 'T&I" deal and the recipients thus far. Only hearsay and rumours. According to Maybank research house, the stock price on an 'as where it is' basis is Rm 1.45. Its already there. Until they get the 'T&I', the price need to be revised.upgraded, There r about 6 bidders, if I am not mistaken for Package A
if u hv gone in around Rm 1,26 - Rm 1.30, there is a margin of safety. If not watch and decide.The decision is entirely yours. Little tricky from this price onwards, unless u can do the 'Usain Bolt. Good luck
Psd, why is that the not so good feeling come out? Is that because the rumours that package A was initially won by Barakah, but TeCO the strong political tie company caused the package to be split ?
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....
almufathal
1,360 posts
Posted by almufathal > 2013-11-30 20:26 | Report Abuse
the edge is not investment house....