Happy to see that Nemesis is back with vengeance. He has been in this forum far longer than many of us, at least 6 to 7 years if not mistaken. Cheers!!!MK! go!go!go!
tp1 27.5/28 to complete the double bottom target then to retest 29.5 and should breach this price to go up to 32-34 then we wait and see how it develops further from thereof
paper cannot cover smoke no worry price shall appreciate so lets market maker plays to his heart content we wait and enjoy his wayang ...my target is 40 sen
property sector now sudden surge in interests ; index area of support 1570 - 1563 so should be sui this time and to see it break out of 23 to close 23.5 and above...tp1 27.5
Finally property counters begin to move... Indicators are strong that property index will continue to climb further...This is evident by the recent break out of Ecoworld, Mahsing and LBS and Glomac...Among all, Mkland is the most undervalued and laggard so continued interest will surely push Mkland above 0.30 soon...Today is a great indicator that property counters will be the next winner after long hibernation...Mkland is set to be the next biggest gainer soon...BUY BUY BUY BUY BUY BUY!!!
0.26 should be easy target tomorrow for Mkland as volume spikes...The bandwagon is set to move 9 AM tomolo seeing more trading interest for Mkland...Get ready for tomorrow great surge!
1. property sector is bullish should breakout of recent high 788.15 to 855 2. mkland profit taking and/or exiting by those bought at 23 3. price would retest immediate 25 resistance before proceeding to 27.5 to complete the double bottom pattern 4. most importantly price appreciation is supported by fundamentals (bukan goreng wan) 5.be patience wait for about two weeks to see the unfolding of the price up thrust wish you and me the very best of luck
RM 3b allocated for companies hit by pandemic...MK's tourism business and education badly hit by Covid pandemic so Mkland will surely get assistance from Govt...Mkland is not included in the Cukai Makmur list as it's total earning less than 100 mil yearly...So overall Mkland is not affected at all by this Budget 2022 and set to be great winner as it might get financial aid fm the 3 billion assistance fund...Construction sector is the greatest loser as not much infrastructure project announced...it is time to sell construction stocks and move gradually to property...So Monday we should see Mkland moving north with more trading interest...Reiterate BUY with unchanged short term TP of 0.30
As Mkland main focus is on low cost affordable housing projects, so RM 1.5b allocation for low cost home ownership should augur well for Mkland in the sector...Overall this 2022 Budget is good for Mkland...
This budget is hostile to speculator and stock trader but good for long term holder... Overall it is good as it will reduce short term traders in the market...frequent trading won't make you rich as more and more commission and increased stamp duty involved...Mkland is expected to do well in the long term supported by its property division, renewable energy and more land disposal... Reiterate BUY! For long term holder ONLY
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....
Sweetchocalates
1,996 posts
Posted by Sweetchocalates > 2021-10-11 16:21 | Report Abuse
Mkland is also under tourism sector. Should benefit from the reopening of interstate travel