Posted by RISK8888 (Sept 2023)
............ govt is pulling in huge FDI into malaysia. more foreigner is rushing in and they need place to stay. rent is going up and property price will follow up. more demand in coming.
"On a bright note, the RM18 billion Lotte Chemical Indonesia Ethylene (LINE) project in Indonesia is seen as a key catalyst for LCT upon its completion in 2025, as it is set to propel the group into the top three companies in the industry in Southeast Asia, with the other two being Thailand-based Siam Cement Group pcl and PTT Global Chemical pcl."
Technical Analysis. We expect further upside for KSL after it pushed above the RM1.00 psychological mark and hit a new multiyear high a few sessions ago. In view of the uncovered upside gap formed on 28 Aug with its rising EMAs, the bullish momentum is likely to pick up further. A bullish bias may emerge above the RM1.10 level, with stop-loss set at RM1.01, below the 29 Aug low. Towards the upside, near-term resistance level is seen at RM1.40, followed by RM1.50.
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Posted by EngineeringProfit > 2023-09-07 08:50 | Report Abuse
Posted by RISK8888 (Sept 2023) ............ govt is pulling in huge FDI into malaysia. more foreigner is rushing in and they need place to stay. rent is going up and property price will follow up. more demand in coming.