Ranhill is a performing stock. At the current price, downside potential is limited and there is a big headroom for upside. Good dividend return plus price upward, accumulation is the key before more fund managers looking into this. We are talking about water usage and power generation in a big state of Johor and it's venture in China. How much more can we ask for. This is a gem stock to keep.
And even if only one research house initiate coverage, there'll be price adjustment upwards. I believe currently this stock is not covered by any research house.
Just joined the boat after found out the chairman of this company is TS Azman Yahya who is also BOD of khazanah..the quarter result also excellent..this is truly a hidden gem stock..could be the next Dnex :)
Many of the current shareholders of this stock own this share at much higher price than current pricing. Even at today's closing price is considered very low to their cost. The is a yielding stock, price appreciation will follow. The upside potential is too big to ignore. No big swing expected but gradual climb.
Ranhill WorleyParsons provides Project Management and multidiscipline Engineering Services to Onshore and Offshore Oil and Gas, Refinery, Chemical, Petro-chemical, Power and Infrastructure industries.
Usually Tabung Haji is very bad in their stock picking & business rational, example like perisai, fgv, bandar malaysia, etc. The only reason they still make decent returns because government give them easy cow to milk.
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....
Mmzai
138 posts
Posted by Mmzai > 2017-05-17 21:08 | Report Abuse
Btw , anyone can point out near term /long term of the negative sides in this company? We may discuss here.