KLSE (MYR): SDRED (2224)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
0.00 - 0.00
Fortress going IPO for 20 sens SGD expected market cap is SGD100 million. SDB owns 37% of Fortress which means the company go listed, they own SGD 37 million. Current Market Cap of SDB is RM 311 Mil. Fortress would come up to 1/3 of SDB market cap. Share price if divided by on same value should have another 20 sens at least upside.
Collect on weakness as 1st stop 80 sens
Thank you zhangliang. SDB has a good associated company. Upon listing Fortress market price might be double giving SDB another round of paper gain.
most welcome! now market weakness. Collect some 70 sens and below
We are still collecting
dont forget to collect when no one else wants!
Already listed but look like SdB share price never up
not bad fortress minerals from 0.20 cents to 0.26 cents
https://www.businesstimes.com.sg/companies-markets/fortress-minerals-swings-to-us49m-profit-for-fy2019-on-higher-ore-prices-demand it's 4.9mil not 49 in the URL
Waw, so quiet here. Looks like only management and bod are happy. Sold 90% unsold property and no new project means coming quarter only "drink west north wind". Good luck everyone.
MD mentioned on Sep 18, 2019 that there is 250 millions that haven't credited into yet. The price currently 0.62~0.65 is a steal to me.
Property developer Selangor Dredging Bhd (SDB) wants the government to introduce a policy that provides first-time property purchasers a higher margin of financing and a longer loan tenure of 45 or 50 years...... better ask for 100 years, 3 generations loans.
Believe minority SHs will ask for a higher dividends but don't think management is capable to deliver and want to listen. If you think total dividends in the next 15 years can totalled up to $600, may take the risk. Otherwise just sell and keep $600 in EPF for 15 years.
Finally break 0.5
should be someone press wrongly .. false alarm ..
She is going to test 38.2% Fibo @0.75 first, then next 50% Fibo @0.80. Will her wishes come through, let's see.
Covid-19 make economy slow down company fundamental will metamorphism and company with high debt will face collapse or bankruptcy soon.Expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold.
market stock RM10 drop to RM5, RM5.00 drop to RM 2.00 , followed RM2.00 drop RM1.00, followed RM1.00 drop to 50 cent, followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10 cent drop to bottom.
High debt company cannot hold ,high prices stock cannot hold , market never sleep money never sleep just buy bottom low prices with cash rich company . This is a opportunity markets smarts money no longer will flows in cheaper stocks market will goreng lows price stock at bottom.
I'm buying on MONDAY
why boss keep buying? any insider news ?
Iron ore leads gains for industrial metals, up nearly 65% this year.
Iron ore price goes parabolic after cyclone warning.
Iron ore markets have caught fire due to a combination of unprecedented demand from China, which has embarked on a massive infrastructure build-out to stimulate the economy post-pandemic and worries about supply from Brazil and Australia.
The bull market for iron ore is set to extend into 2021.
FORTRESS MINERALS LTD. (Initiation) – Rise of An Iron-ore Producer
Source : PHILLIP CAPITAL
Stock : Fortress Minerals
Price Target : 0.28
Price Call : BUY
Last Price : 0.22
Upside/Downside : +0.06 (27.27%)
Growing demand from steel mills in Malaysia to spur higher sales volumes. We project 54% volume growth from FY20 to FY22e.
Low production cost of US$28.81/WMT. Reserves to expand with only 5% of its mining concession area explored so far.
Initiate coverage with BUY and TP of S$0.28. Valued at 11x FY21e PE, in-line with industry average. Fortress is smaller in size but is growing faster and enjoy higher returns than industry.
No trading today?
Sdred ... coming now ? Got trading now lah.
acme , acme wa
also look like coming now hor ?
sdred closing today or by this week gt goreng kaw2 mou
Any news about Sdred ?
Who wallop Sdred kuat kuat now ?
Apo hal tiba tiba naik....
Phillip Securities raises TP for Fortress Minerals to 64 cents as iron ore prices soar
Why is sdred dropping like big giant stone, please ????
Weak hands. Wait for Monday.
With iron ore demand and prices expected to rise ahead, Phillip Securities has maintained its “buy” rating for Fortress Minerals with a higher target price of 64 cents from 47 cents previously.
According to Phillip Securities, Malaysia’s production of iron and steel bars and rods has increased 4.3% m-o-m in January and 16% m-o-m in February.
Iron ore prices have hit a 10-year high as iron ore supply from Brazil, the world’s largest supplier, could face uncertainty due to harsh weather.
after 3pm push up?
OAJ SGX now 0.74...
wc call buy all stocks laaa, greatest man
SDRED own 31% of OAJ SGX. Which is equivalent to 150M shares. SDRED bought at SGD 0.20 and now SGD 0.745= Profit SGD 0.545.
SGD 0.545 x 150m shares = SGD 81.75M profit or RM245M.
So this quarter SDRED should be price at least RM1.10.
Why SDRED looks no movement at all since last week
Since fortress mineral announcement if its results on Wednesday, it shares has move to 70cents, with a market cap of S$350 million.
Sel dredge 30% in fortress s about 15% above it's market cap at 67sen.
Let alone it has other valuable asset n business. There is tremendous upside.
top covid cases state is selangor................run!!!!!!
What is the paid up capital of Fortress Mines?