What I mean is due to THE PEAK issue, EPF still can 'goreng' the price & push the price till 0.25 cents . Now with good news about JB Iskandar zone, company should use this opportunity to publish the recovery plan for THE PEAK in order to boost the share price but seems like company director still waiting the green light from syndicate for announcement.
Before the state elections, PMX's rhetoric was like the previous FM Guan Eng, cut cost, debt, slowdown major projects. After state elections rhetoric changed a little, going everywhere asking for investments. However...there has no mention of major infra projects - hopefully the stock market run indicates the market knows better
Well said jackson, dry powder makes the killing but few, very few, myself included couldnt find the discipline to have that sizeable powder in times of need lol
Sentiment has turned south very quickly for everything. Previous support in a bull market may change in a bear market. AQRS illiquid and penny leading to large % change...I am not that concerned, but trying to feel how i would feel if I do nothing and this does go back down to 30c pfffff
I bought 300k shares @ 0.340. It feels like a mistake. But wt heck, sometimes when it feels like a mistake it turns out to be right and vice versa. In hindsight...mistake is relying on UEMS and linking UEMS & AQRS too heavily. UEMS too strong, I was watching UEMS, taking it as the leading indicator to consider whether AQRS will dive. Well, UEMS remains way stronger than AQRS, not a good indicator 😂
lol yes 300k only, this is to deal with itchy finger. I feel the same, maybe when it's over we should reveal our holdings 🤣 from years back going buffett style, very brave catching falling stocks and got burnt countless times. Now I am braver on the way up than down
The stock has been consolidating for a month after hitting the RM0.405 high in early September. Last Friday’s long white candle pushed prices up to close above the 20-day EMA again, supported by a higher trading volume. The bullish gap up and coupled with the higher lows formation from the RM0.26 low, suggest that prices may continue its medium-to-longer term uptrend. The Moving Average Convergence Divergence (MACD) showed easing pressure while the Relative Strength Index (RSI) has strengthened further, keeping the positive momentum intact. We think that aggressive traders may want to go long now with a stop-loss set at RM0.34 (a tick below the 50-day EMA). This breakout may lift prices towards RM0.405 and our Fibonacci target RM0.42 (1.236)
Mega infra projects: opportunities in LRT3 and Pan Borneo Sabah Highway. The project value for LRT3 has been upsized by RM5b (reinstatement of five stations) while the award of Pan Borneo Sabah Highway (PBSH) has been indicated to be in November. The beneficiaries are MRCB for the former project, and potentially Gabungan AQRS for the latter project. The expected rollout of new mega projects in 2024 (MRT3, PBSH) also implies improving demand for the building material (particularly cement) sector.
Market cap 181M. This is one of the easiest counters in construction theme to hold and make a larger % than normal. But it will always be difficult buying/holding through the period of consolidation. It will touch 38-39 again. It may repeat and come down again. The question is will you be selling all at 38-39, and then when consolidation is finally over, miss out on the much bigger move that shall come
If I am not wrong...current Agong is AQRS's CEO's partner in Tanah Makmur. But that's probably irrelevant. For almost the full term, other than KotaSAS admin centre, we don't see AQRS getting any favours
In this particular case, it probably means...nothing. It shows a lack in trading interest, sellers not willing to sell buyers not willing to buy (got scared after being flushed so many times). It looks like we have a smallish operator here. Squeezing every penny before they goreng
It is nonetheless progressing beautifully, even if it only holds here for the next 2 months. Then the trading range would have firmly changed and this 32-33c range is the new bottom w strong support. I think it takes bad news - counter specific or sector wise to bring it down to sub-30 again. And I think the downside risk is low very low. Numerous catalyst for AQRS, if we hit just half of those objectives 40c should be the new range.
Market leaders being bombed, sector showing deep red. On a 2 months basis AQRS is outperforming the likes of UEMS Ekovest WCT by about 7-8%...KSL is making good money and down 6%
THE PEAK condo still the killing point which contributed 3.4M (0.6 cent) loss per quarter. Really bad if this abandoned project continue burning the money without stop bleeding. I'm curious what has been done by CEO or those directors continue getting the high salary & allowances but no action being taken. All the projects currently on hand keeping on delaying from committed date such as PPSSS, E'ISLAND LAKE HEAVEN RESIDENCE, SUKE & LRT3. Can check the review for these projects at Google.
Noticed that company seldom update progress & prospect on current or future projects. Is this due to agreement with syndicate in order to pull down the share price & collecting the share at cheap price before boost up? What can we do as retailer investors is holding the share & lock at safety box. The price will surely big jump in one day but don't know how long we can wait. Hahaha.
E'island lake heaven residence have sold 95% but project completion keep on extend from Q4'23 to Q1'24, then extend again to Q2'24. Now further delay to Q3'24 as per feedback from owner who bought the unit since 2019 with reason shortage of workers. If complete early, then company will receive a big amount & huge profits need state at quarterly report, but syndicate not yet collect enough share. Will this is the reason causing project delaying? Only company directors & CEO will know. We can see now the share price is low but why top 2 shareholders didn't accumulate the share? Will this also an agreement between them & syndicate? Whi know?
eddy you're too optimistic, even though I am AQRS supporter 😂 I dont believe they intentionally delay to collect shares...the reason they delay work is only cashflow. For the Peak they have decided that it's cheaper to pay LAD than to complete it. For E Puchong they have EOT and they are prioritising Govt jobs before going back to complete E Puchong
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Posted by eddy888 > 2023-10-02 13:14 | Report Abuse
Now all the projects contributed profit but only THE PEAK still loss with big amount of LPD.