If u notice bursa rss report.. lately huge volume short sell on gkent.. no sure how long their term.. T-8 or longer? When they need to buy back, what will happen to the share price?
Gkent n Sunway is at new low 1 year share price ....this is because bad construction sector sentiment....we are unsure when PH government will start to do all these mega projects...till then sentiment will be continue bad
AA is also near share price low ...due to high oil price now ...but the prospect is good ...if u can hold long term
Open tender only involved underground job which worth 16 billion and direct impact to Gamuda. cccc jv Gkent only involved 1billion in mrt 2 job, if give discount 20% and still worth 800million. Government doing cost saving but I trust contrac is not under value, profit still there, no need to sad. What I concern is whether they tendering any new metering/ engineering job from our/ others country , at least can bring good news to investor prove that they can survive and keep growing.
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....
SHQuah
5,363 posts
Posted by SHQuah > 2018-10-05 19:28 | Report Abuse
Normally when syndicate accumulating, they will inform Gkent and they will agree not to buy back until target met.