. Yes, I am ready for BARAKAH since last week! All Sarawak Players doing a good show! Bear in mind BARAKAH is also a player awaiting to take off anytime. Projects lots present in Sarawak and one of major shareholders is a Sarawakian tycoon. Still low. .. I am adding in ICON and SAPURA since still low too. . Don't miss the boat!
Went through Barakah's balance sheet. The short term borrowing is only RM2.2mil. The cash in hand and fixed deposits amount to RM130.7mil. Basically, the company is strong financially.
Lai lai Redtone now. Johor Sultan team up with VT to goreng. Results play still have 50% upside. If they put in Umobile for backdoor listing play, sky is the limit.
1) Barakah has a strong balance sheet. The short term borrowing is only RM2.2mil. The cash in hand and fixed deposits amount to RM130.7mil. No cash flow problem.
2) Barakah has a small number of shares outstanding and market capitalisation. The price can be pushed up easily. Total shares : 835mil shares Market Cap: RM100mil
If the operators have RM100mil, they can do wonders.
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Hold steady at 12.5, next stop 14.5.