dont be too sure ..year low is 23....i think 25 to 27 cld be done....somehow,this company needs cash....so v cannot cash out that easily.......keep some money to average out
11 MP.... WHOLE CONSTRUCTION SECTOR WILL BENEFIT AND WILL BE RERATED
In terms of beneficiaries, by large, we reckon the whole sector will benefit in general leading to a sector’s rerating. This is historically backed by the stellar performance of KL Construction Index after the government announced both 9MP and 10MP in 2006 and 2010, respectively.
CONSTRUCTION - Get Ready For 11MP Booster Author: kiasutrader | Publish date: Fri, 3 Apr 2015, 11:15 AM
We reiterate OVERWEIGHT on the Construction sector. Lending support to our bullish view is the announcement of 11th Malaysia Plan (11MP), in less than two months, which is crucial being the last leg of the country’s vision to become a high-income nation in 2020. It is also the last 5-year chapter of the Economic Transformation Programme (ETP) that was announced back in 2010. Hence, we believe the government will most likely announce remaining projects that are yet to be implemented in ETP so far in the 11MP announcement. In terms of beneficiaries, by large, we reckon the whole sector will benefit in general leading to a sector’s rerating. This is historically backed by the stellar performance of KL Construction Index after the government announced both 9MP and 10MP in 2006 and 2010, respectively.
Among the mega projects we expect the government to announce in 11MP are: (i) KL-Singapore High-Speed Rail (RM40.0b), (ii) Kampung Baru Redevelopment (RM61.0b), (iii) Bandar Malaysia (RM50.0b), (iv) MRT Line 2 and 3 (RM50.0b), new highways (RM20.0b), and LRT3 (RM9.0b). While all these mega projects may not be executed immediately in the near-term, we could still see more job flows in the next 3-6 months. Above all, given the mixed set of results in the latest reporting quarter, we continue advocating investors to be selective, i.e pick contractors that: (i) has strong orderbook, (ii) face minimal earnings risk i.e high probability of meeting new orderbook replenishment expectations and sustainable margins, (iii) will benefit from the news/contract flows in 2015, and (v) have compelling valuations.
Getting ready for 11MP. Prime Minister is expected to announce 11MP in May 2015. Hence, it is now less than 2 months away to the announcement. The 11MP is crucial for the country as it is the last leg of the country’s dream to become a highincome nation in 2020. It is also the last 5-year chapter of the Economic Transformation Programme that was announced back in 2010. Hence, we believe the government will most likely announce the remaining projects that have yet to be implemented in ETP so far such as: (i) KL-Singapore High-Speed Rail (RM40.0b), (ii) Kampung Baru Redevelopment (RM61.0b), (iii) Bandar Malaysia (RM50.0b), (iv) MRT Line 2 and 3 (RM50.0b), new highways (RM20.0b) and LRT3 (RM9.0b).
limit speed at 36kmj enough 4today.......no good to pay saman lol.....made more money d donate to unfortunate!!!!!!!!!!!!!!!!!!!!!!!!!!!HHHHHHHHHHHHHHHHAAAAAAAAAAAAAA!!!!!!!!!!!!!
1 st worm up 35kmj ,not bad result when the weather is gloomily n road surface slippery!!!!!!!!!!!!!!!!!!Keep it up4 2morrow speed test!!!!!!!!!!!!!!!!!!!!!!!!!
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....
AzmiMerican
611 posts
Posted by AzmiMerican > 2015-04-08 10:57 | Report Abuse
0.36 dDan0.40 TA target by simon
Ok baru nampak