Prospects
Following the easing of the MCO, the Group’s construction activities have picked up pace and is
expected to end stronger towards the final quarter of the year. Prospects in the water and wastewater
sector remains resilient as the federal government continues to make huge investments to improve
the water quality and services in the country, especially the rural areas. Environment and Water
Minister Datuk Tuan Ibrahim Tuan Man said that RM10 billion will be set aside under the 12th
Malaysia Plan (12MP) to be tabled in January 2021 to improve the nation's water supply network. Of
the total allocation applied, RM1.37 billion would be allocated for the First Rolling Plan (RP1).
Moving forward, the Board remains committed to deliver sustainable growth and building a stable
earnings stream by diversifying our business portfolio. To this end, the Group recently acquired JR
Engineering and Medical Technologies (M) Sdn Bhd (JR), a glove manufacturing company. The
proposed acquisition comes with a profit guarantee of RM10 million per annum in JR for financial
years ending 2021, 2022 and 2023. The Group expects to potentially benefit from a major recovery in
earnings prospects as it diversifies into a lucrative growth segment. The acquisition is expected to be
completed by year end 2020
I think budget related too... this counter related heavily to malaysian budget. Perhaps friday can see something. Today movement is also very small. Could be contra players offloading frm the small spike 2 days ago. Even I thought can jump
I recalled buying AT son at 6.5 cents. It went down as low as 3.5 cents over a period of 6 months before staging a strong rally to 28 cents. I cleared all at 24 cents.
Undeniably this is the worst Glove theme counter. Came down from 41.5 cents all the way upon announcement of acquisition. Even AT also managed to spike from 11 cents to 19.5 cents upon announcement, giving you ample time to run and take profit
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....
indikid91
8 posts
Posted by indikid91 > 2020-11-24 15:12 | Report Abuse
all his comment ending with "wkakaka"