On 5th. April, MMC touched 2.09 just a few lots. This may well be the guiding support for the coming days. As long as one has the holding power, there is not much to be afraid as they need to do this before it can rise. In the meantime we can get emotional as it is dipping lower. We have to learn to control the emotion and not let it jeopardize your investment. One has to invest with a professional approach so that we do not get trap and live in pain or sorrow.
Today's closing has shown to us their intention of playing the game. It close with a bullish hammer. This is telling me good days are coming ahead soon.
Recap: qwerty: But bear in mind that they can push up the price all of a sudden. Just watch what game they intend to play it qwerty: So far 9 Lots was done at 2.10 deliberately
Take precaution not to dump in everything at one go just because I said good days coming soon. Watch out on the trading pattern and price movement. Each trading day is a new ball game and the scenario and direction can change with it. As long as today's closing is concern, its a good sign. This is my last write out for MMC unless there is a sudden change in direction of which I will come back to assist.
MMC is trading beutifully as expected and required. If it can hold at 2.03, today will be the last day down. It is expected to move sideways. Just monitor the closin g price.
Very nice sideways trading with little action. Just monitor the day when it start trading at 2.12. Temperature still warm couple with insufficient rest.
There are a few options you can take: 1. Dispose MMC to buy up some furniture counters like LIIHEN, MINHO, HEVEA, EVERGRN as they are starting to rev up now. When you see MMC is breaking 2.12, then jump back to this wagon.
One needs to be versatile and adaptive in an investment world. When we are face with a strong headwind, we can opt to change course or divert your funds elsewhere.
We see this PPA Extension Contract as a win-win for both TENAGA as well as the IPPs as the former will benefit from lower tariff rate while to the latter, it is a bonus, as their power plants are already fully amortised based on previous PPA, as they are now running on much lower operating costs.
Recent award of three PPA Extension Contracts should help to extend earnings continuity up to 2018 for Malakoff Bhd .
In Feb, two Gen1 IPPs, namely MALAKOF’s PD Power and Powertek’s (Not Listed) Teluk Gong Power Plant, signed the PPA Extension Contracts with TENAGA for the period of Mar 2016 to Feb 2019 and Mar 2016 to Dec 2018
As the of writing, none of the analyst are factor in the MMC’s new awarded as PDP in Pan Borneo project in THEIR target price. The contract announced was RM12.8bil, PDP earns 7%, with MMC owns net 20% equity, RM180mil revenue over 5-years period (average RM36mil p.a). How much the profit margin as a PDP?
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
You Chang Choo
2 posts
Posted by You Chang Choo > 2016-04-14 14:08 | Report Abuse
Right time for harvesting.