KAB managing director Datuk Lai Keng Onn said the addition of our first biogas power plant via the proposed acquisition of FBG will broaden its portfolio of SES assets, which currently comprises co-generation and waste-heat-recovery plants, as well as solar photovoltaic systems.
"The biogas industry has great untapped potential in Malaysia, given the vast availability of palm oil effluent as fuel, and we aim to help Malaysia and other countries in the region achieve their renewable energy goals.
"The plant would also contribute to building a stable stream of long-term income for the Group,” he added.
KAB's volume was 22 million yesterday, the highest since 12 Oct 2022.
Technically, KAB produced a hanging man candle yesterday, which usually means a break from its current trend is very close to happen. If it's on an uptrend, then it will break downward and vice versa. At least one more candle is needed after a hanging man has been formed to form a strong opinion on a change of trend.
However, there's one interesting thing pertaining to yesterday's hanging man candle which is it effectively touched all of its major EMAs - 20,50 and 200, and it still managed to close just slightly above ema7. This is interesting because it hints that the support is quite strong even when it experienced a heavy selling down yesterday.
Long story short: just sell if it hits your CL price LOL!
KAB said its wholly-owned subsidiary KAB Core Connect O&M Services Sdn Bhd signed two PPAs with Nextgreen to design, construct, install, own, operate and maintain solar PV systems with total combined capacity of 3,387-kilowatt peak (kWp) on the rooftops of multiple production plants and buildings at the latter’s Green Technology Park in Pekan, Pahang.
The solar PV systems, which will be installed in two phases with installed capacities of 2,507 kWp and 880 kWp respectively, are expected to be completed within nine months of the commencement of the installation.
Luckily i sell at the top, make some profit here, too much fake out, my heart cannot take it. Already make some profit at other stock using this profit. Maybe some chance to rebound but i'll have a look first.
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....