Posted by lyetc75 > 2 months ago | Report Abuse

Suncon CW SEP/OCT almost expiry!!!! Issued Bank press kaw kaw la!!!!

Posted by klee > 2 months ago | Report Abuse

Paktua pandai.

Posted by JJPTR > 2 months ago | Report Abuse

One of the 9 wonders of the world is found in stock market......why retailers dont buy SUNCON at 1.6 rgt but very excited to buy at 5 rgt.

The 8th Wonder of the WORLD is foreign fund/stock brokers issue buy call all over the media @ 4.5-5 rgt, but no where to be seen @1.6 rgt

Posted by superman_ > 2 months ago | Report Abuse

Malaysia stock market is WONDER MARKER.... :D

Posted by superman_ > 2 months ago | Report Abuse

@paktua, we in the same sampan ya. :D

Posted by cheeseburger > 2 months ago | Report Abuse

For construction, we view limited impact of the stronger MYR as most costs are local. The market has been flooded with cheap steel imports from China, and a stronger currentcy might make the imports even cheaper now.

Posted by superman_ > 2 months ago | Report Abuse

I see either IB, insider or big fund is dumpling purposefully to get this low. I saw thy do not want the price to up but down. I saw they is sudden add on sell q 2000 lots @4.30, we wait for manipulate done, hopefully the uptrend coming....

Posted by Whiteytey > 2 months ago | Report Abuse

Sold all at 4.44

Posted by pang72 > 2 months ago | Report Abuse

SUNCON drop 9.5% 45c to $4.25..
Construction dream is over

Posted by pang72 > 2 months ago | Report Abuse

Next Monday will plunge below $4,i guess with epf selling aggressively

Posted by klee > 2 months ago | Report Abuse

When pang say die,prepare to sapu.
When pang say mnrb will be like Lpi ,u lari kuat kuat la.

Posted by klee > 2 months ago | Report Abuse

Mnrb 2.10 vs Lpi 12.48
Look left look right also cant figure how to find similarity.lol

Posted by Whiteytey > 2 months ago | Report Abuse

The fate of construction related stocks might be similar to those glove counters….

Posted by shareinvestment7 > 2 months ago | Report Abuse

Absolutely non sense if compare construction companies with glove companies. They will only have same fate if and only there are massive entry of china construction players entering Malaysia market, tender for all the data center projects and semi conductor facilities. Or All the upcoming local mega infrastructure given to china construction players instead of Gamuda, IJM and Suncon. If you do not foresee all these happening, stop your illusion.

Posted by Icon 888 > 2 months ago | Report Abuse

Run for ur life .. crisis

Posted by klee > 2 months ago | Report Abuse

collecting..

Posted by cheeseburger > 2 months ago | Report Abuse

Fear factor episode 2

Posted by klee > 2 months ago | Report Abuse

tmr collect another batch

Posted by ChloeTai > 2 months ago | Report Abuse

The first support at 4.15 broken. The next support is at 3.75. Today 5.8.24 closed at 3.90.

Posted by Bowmann > 2 months ago | Report Abuse

Tmr 3.50 ?

Posted by Ellyn20 > 2 months ago | Report Abuse

Tomorrow 3.0

Posted by klee > 2 months ago | Report Abuse

adding..

Posted by Bowmann > 2 months ago | Report Abuse

Sunway Construction Group Bhd is recovering from the a correction earlier in the week as it bounced off the 50-day simple moving average (SMA) to maintain a positive trend.

The share rose for a second straight day yesterday as it attempted to reach a resistance at RM4.70, en route to a historical trading peak of RM5.18.

The technical indicators are showing a recovery from oversold positions with the slow-stochastic rising to 29 points while the 14-day relative strength index (RSI) bounced off the oversold line to retrace to 48 points.

However, the daily moving average convergence and divergence (MACD) histogram shows falling momentum. A change in direction in the indicator would signal a return to buying interest.

Support for the stock is found at RM3.81 and RM3.30.

Posted by cheeseburger > 2 months ago | Report Abuse

if you dont know how to read MACD, dont pretend you are expert...the MACD is showing a recovery path and trend of crossing. Buy call sign

Posted by troy88 > 2 months ago | Report Abuse

Fundamentals unchanged for 3 kings of construction Gamuda, Suncon, IJM

Posted by paperplane > 2 months ago | Report Abuse

weakholders selling during drop crying now thinking they are sor chai

Posted by gohkimhock > 2 months ago | Report Abuse

sometimes a temporary drop will present us with some very good opportunities to grab good stocks at discounted price. This opportunity dont come always. I always like Sunway group. They are one of the best managed conglomerate in Msia.

Posted by lyetc75 > 2 months ago | Report Abuse

EPF collecting la!!!

Posted by Bowmann > 1 month ago | Report Abuse

I followed EPF buying last Monday 😁

Posted by klee > 1 month ago | Report Abuse

sold

Posted by Bowmann > 1 month ago | Report Abuse

Hold until it goes back up to RM5

Posted by stockpicker888 > 1 month ago | Report Abuse

Even RHB research admit they were “too optimistic “. Ahahahahaha

Posted by Bowmann > 1 month ago | Report Abuse

Indeed, but they will never admit. ha
https://www.thestar.com.my/business/business-news/2024/08/27/suncon-eyes-more---------------data-centre-projects

Posted by Ninja _07 > 1 month ago | Report Abuse

All Property counters down

Posted by HugoUPUPUP > 1 month ago | Report Abuse

What happen to all property&contrustion stocks?

Posted by speakup > 1 month ago | Report Abuse

Pmx undurlah
Everyday >600 kaunter red but CI green

Posted by stockpicker888 > 1 month ago | Report Abuse

No one asking why, when many construction and property stocks raised above +100%? And now drop just over 30%, many people start to ask?

Whatever goes up , must finally come down to its fair value, simple principle.

Posted by Ellyn20 > 1 month ago | Report Abuse

Profit taking is also a full time job, when the right time comes, u sell. Unlike us work 8-5 in the office and long term investor only

Posted by Bowmann > 1 month ago | Report Abuse

To be fair, must ask. Why Suncon shoots up today ? 😆

Posted by Bowmann > 1 month ago | Report Abuse

Investments in Malaysia up 18% to RM160 billion in first half of the year 😮

https://www.nst.com.my/business/economy/2024/09/1100782/pm-investments-malaysia-18pct-rm160b-first-half-year

Posted by ChloeTai > 2 weeks ago | Report Abuse

Good News this morning. Here are the key points:

Fed Cuts Rates: The Federal Reserve cut interest rates by half a percentage point, citing increased confidence in inflation moving towards 2%.

Economic Projections: Policymakers expect further rate cuts, with the benchmark rate falling to 2.75%-3% by 2026.

Market Reactions: US stocks gained, the US dollar fell, and Treasury yields dropped following the announcement.

Labour Market Concerns: The Fed’s decision reflects concerns about a potential slowdown in the job market, despite progress on inflation.

Posted by ChloeTai > 2 weeks ago | Report Abuse

The reduction of interest rate will benefit property, infrastructure, utility companies while lower interest rates can present challenges for banks.

Posted by ChloeTai > 2 weeks ago | Report Abuse

The real bull run is finally here in Bursa Malaysia for property and infrastructure companies as the import of building and construction materials becomes cheaper because of a weaker USD compared to RM.

Posted by ChloeTai > 2 weeks ago | Report Abuse

https://theedgemalaysia.com/node/727236
Singapore stock market heading to 17-year high on US 0.5% rate cut.
KLSE property and construction companies will follow.

Posted by ChloeTai > 2 weeks ago | Report Abuse

SunCon all time high is RM5.18. Still got RM0.64 to catch up from RM4.54 closing price of today (19.09.2024).

Posted by troy88 > 2 weeks ago | Report Abuse

Correction over. Watch the rally to new heights!

Posted by kancs3118 > 2 weeks ago | Report Abuse

Congrats to all suncon shareholders... I made a mistake by betting on the wrong horse (IJM) - although making money but not as much - as compared to investing in SunCon.

Posted by minichart > 2 weeks ago | Report Abuse

For FY24-26, Suncon’s revenue is expected to grow, fueled by strong demand for DC construction. The company’s EBITDA for FY24F is projected at RM304 million, increasing to RM498 million in FY25F. Net profit for FY25F is expected to reach RM322.6 million, a significant increase from RM190.9 million in FY24F.

https://www.minichart.com.sg/2024/09/24/sunway-construction-group-bhd-powering-growth-through-data-centers-and-diversification/

Posted by nayinvest > 1 week ago | Report Abuse

SunCon is very much involved in DC construction in Cyberjaya. Completed one & now handling 2 more including for Amazon. It’s not from reading news but I see it myself.

Posted by HugoUPUPUP > 1 week ago | Report Abuse

@kancs3118
Same with u bet on IJM😢