This counter have potential to become PN 17 company. Better avoid. Bursa malaysia got one thousand plus counter. Why need to stsy in this sinking counter?
MMC is involved in the MRT underground package earlier but Zelan is not in the picture, hence may I know why would you (i_investor)think it would be different as of now? Perhaps you know something that we don't. Would appreciate it if you are able to share with us on your thought and opinion. My thanks in advance, Sir!
In my opinion, I doubt that Zelan will be traded at anything below RM 0.21 as the total supplies as of 5.00pm of the best 5 prices are less than 1.2 million units and the unit support at both RM 0.210 and 0.215 is at 1.4 million units strength and the support at RM 0.205 price alone is already standing at 1.5 million units. If you notice, this is the best units support on the demand side over the past 1 month.
if i am not mistaken total rm80bil contract as part of 11th Msian plan such as MRT LRT highway etc to be awarded in 2016 and I dont think only few majors companies will be able to take all the rm80bil due to their financial and technical limitation as such Zelan has good chance wining part of those rm80bil contract..so be patient relax one fine day zelan will get rm blion contract just like in 2006/07 it won rm14bil contract where it went up from 30cent to rm6+ in approx 2 years...
zelan is a typical stock like durian season blooming once every 10 years...so 2016 is likely the timing just like it big brother MMC starts blooming now...
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....
Henly30a
192 posts
Posted by Henly30a > 2016-03-18 11:27 | Report Abuse
Buy....buy................30cents on the way !!!!!!!!!!!!!!!!!!!!!!