We refer to the news published in The Star on Thursday, 12 September 2013 with the title “RM1.5bil affordable housing project”, in particular the following sentence:
“Construction company Pesona Metro Holdings Bhd is a frontrunner for a massive RM1.5bil project under the Government’s 1Malaysia People’s Housing Scheme or better known as PR1MA”.
The Company wishes to clarify that neither the Company nor its subsidiaries participated in any tender or bid in relation to the above RM1.5 billion job.
Nonetheless, the Company has submitted tenders worth RM1.5 billion which involve a mixture of infrastructure and building projects. In the event of any successful award, if material, the relevant announcement will be promptly made to Bursa Malaysia Securities Berhad.
Looking at last 3 quarter result...profit mproving. With potential 1.5bil contract the current price is still undervalue...there is room for price to go higher, just that intermittent profit taking considering market uncertainty now
Normally i like to trade breaking the recent high then x 8% is my tp. Dont know wat in my mind this morning without q for sell at 0.535+0.54. Discipline out of alignment again. I didnt even know wat good news were. Never check. I trade with trend n vol.
pray hard to collect at 0.41,,,willing seller willing buyer believe this is distribution for sharks to collect cheap. panic seller will be at losing end
Trade like the shark. When the vol starts to emerge n confirm the uptrend, buy like shark in vol. When up 4%, sell. 10k in the pocket which takes less than 24hr. B a trader.m
I personally think that there will be second wave coming bit not so soon ... Pesona also good fundamental company.. We never know after all contra players sold their shares then the company will declare they have secured d project. Most of the companies will deny all rumours until they have confirmed n secured d project ... my 2 cts
2 similar doji are formed consecutively. RSI drops below 50% & support 0.45 is very solid. When narrow range candles are clustered, this will lead to explosive. Once it breaks the resistant 0.475, then we can see blue sky..
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Posted by super911 > 2013-09-12 18:43 | Report Abuse
We refer to the news published in The Star on Thursday, 12 September 2013 with the title “RM1.5bil affordable housing project”, in particular the following sentence:
“Construction company Pesona Metro Holdings Bhd is a frontrunner for a massive RM1.5bil project under the Government’s 1Malaysia People’s Housing Scheme or better known as PR1MA”.
The Company wishes to clarify that neither the Company nor its subsidiaries participated in any tender or bid in relation to the above RM1.5 billion job.
Nonetheless, the Company has submitted tenders worth RM1.5 billion which involve a mixture of infrastructure and building projects. In the event of any successful award, if material, the relevant announcement will be promptly made to Bursa Malaysia Securities Berhad.
This announcement is dated 12 September 2013.