Don't scold. The more we scold, the more we pekchk. Investment is about patience, superb patience and persistency just like our Prudentinvestor and Rabbit kor.
relax... elaboration...based on the daily chart, this upleg is still intact as price masih above 50/200 EMA and so long as 40 sen is not breached ; it is a pullback(consolidation) from the high 70.5 and the rebound would be between 50 and 200EMA with 51 sen being super duper strong support (AB=CD) and previous resistance (now turned support)
MRCB's much improved final quarter results were due to assets sales, nothing to shout about. Any way, MRCB has plenty of assets, its nta is over RM1 a share. This should be a plus point for the company.
MRCB fairly good result with RM135mil PBT. Gearing also halved from 0.3 to 0.14. Cash/Bank & equivalent has increased to almost RM1.1bil. I think the company is very liquid now and in position to gear up for larger projects now. Look forward for 2024
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....
prudentinvestor
4,489 posts
Posted by prudentinvestor > 2024-02-29 09:20 | Report Abuse
It won't go to hexx, would pick up some once it dips below 55 sen.