MRCB falls, price estimate cut

Publish date: Mon, 07 May 2012, 10:28 AM
Malaysian Resources Corp fell 2.9 percent to RM1.69, heading for its biggest loss since April 9.

The share price estimate for the stock was cut to RM2.70 from RM3.10 at HwangDBS Vickers Research Sdn Bhd. -- Bloomberg

Labels: MRCB

Discussions
Be the first to like this. Showing 5 of 5 comments

Jake

So the share price estimate was cut from RM 3.10 to RM 2.70 by some research house....but isn't it still RM1 higher than current share price?

2012-05-07 12:41

Ho Lee Man

Jake...Its the signal for cumulating MRCB.
Forget about the Target Price by analyst.
It is going to fly.
Watch this counter.

2012-05-07 21:38

vevel

time to buy

2012-05-07 21:57

Mat Cendana

It's always like this for us traders - sceptical and doubtful when the price is at x (like MRCB now at 1.69)... and then kicking ourselves with that "If only I had bought!" when it goes up to its usual 2.00-plus range:-) If the Europe and US markets don't `kacau' too much and affect the sentiments here, MRCB should recover from its current oversold position very soon.

2012-05-07 23:27

Jake

Yes I hope you are spot on....Mat Cendana and Lee Man

2012-05-08 01:21

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