dont understand, infact dont need to see chart, see who behind will do. if CBL 100% can buy, as he is like bull, corner all the way. so is safe, but we have to sell all to him before get trapped.
lately i have added new project, titijaya and few are coming, now negotiation stage, hopefully can close. Pesona also one of my project, but i dont hurt ppl, but cari makan.
well if the stock can hold til now, i believe cbl and owner been long the stock , it is unlikely they will let it drop. of coz they hope market will favor them one day and move up to clear
stock been moving up since august as low as RM0.36,now is RM0.51. , is this consider up? how many %? so how many they been corner it? easily 15mil shares or more. knowing cbl greediness, this is not enough. but is good for him to hold another 1 or 2 years , if you and me or all retails dont buy at this market conditions,
My frend say tis the better the calculate than the Kenanga
Construction 2,300,000,000 ÷ 3.5 × 6.5% = 42, 714,285
Concession 10,000,000
Total the PAT 52,714,285
Roughly the now market Cap 325,000,000
PE 325000000÷52,714,285 = 6.16
Using the very low PAT % n the before the another potential 2 concessions n the more contract wins
Consequently, this has beefed up their outstanding order book to a record high of RM2.3b, which comfortably provides strong earnings visibility to the group for the next 3-3.5 years.
Building up its first recurring income stream and more to come… Apart from its construction business, PESONA is striving to build up a recurring income stream that would help mitigate the cyclical risks in the construction sector. Hence, they are currently venturing into their first concession business, which entails the development and maintenance of student hostels in Universiti Malaysia Perlis (UNIMAP) through the acquisition of SEP Resources S/B for RM29.2m. The acquisition of SEP would take place in two tranches by acquiring 70% of SEP in the first tranche by FY16 while the remaining 30% would be completed by FY17 should they be able to get approval for the waiver on the Bumiputera ownership requirements. The concession is expected to generate average yearly PAT of c.RM10.0m for the next 20 years (FY17 onwards). SEP aside, PESONA is still eyeing for two other potential concessions (refer overleaf for more details).
Pity people like greatful only can do is badmouthing. As I said before if compare other construction counters Pesona still very cheap. If market recover no surprise Pesona to hit 60 sen or even 70 sen.
My frend say the everything which KM LEE very the cun is now the here
The next upper hurdle is expected at the 54.5 sen-55 sen range, followed by the 58.5 sen level but we reckon the bulls may seize the opportunity and ride on the current wave to at least fill the 63 sen-64 sen minor gap or challenge the 65.5 sen heavy-resistance line.
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....
BetterTomorrow
1,210 posts
Posted by BetterTomorrow > 2016-11-14 09:11 | Report Abuse
cbl does not look at chart, he will corner it and move up