In my opinion, I think no point having ECRL because they are not as crowded as we have in Penang, KL/Selangor or JB. HSR/LRT4,5,6 makes more sense to have within these larger states.
Will it fall like the ol' Gkent style, one week up two week fall. Two week up one month fall. Or is this just a short technical retracement before it shoots up since it is mostly undervalue and massive profit margin for a small company.
Clearly the government is playing coy with CCCC by releasing some fake news to make CCCC make more concession. Hope the government can get more concession to have more local content in the project. Anyway, the company has 4-5B order book, and judging from the historical margins, the profits is more or less the same as the market cap. That means we are getting all the properties and management and cash for free. It's a really no brainer here. Just sit tight and ride it out. Vietnam is also starting their rail project, we could see some development there.
The way the sharks dump straight down from 1.09 to 1.04, it seems like they are not trying to take profit and exit but rather to create panic and collect lower.
But who knows what their true intention is. If this imbecile sharks dont know how to goreng the price properly, they might also not know how to exit properly without creating panic.
Buyback 1k lots only today. Total volume 74k. For sure sbb could not hold the price. Right now price is at minor support 1.06. The next major support at 1.00.
1) ECRL is still on going with reduce in cost. 2) More jobs will be given to local contractors. 3) If Gkent and MRCB get some of the jobs, you will regret if you don't buy now.
gkent and mrch, nothing to do with ecrl..why price drop?.manipulation by IB and FM..when in reality stock suppose to jump coz 2 great news. maybe waiting for the 3rd..huhu
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guanteik
183 posts
Posted by guanteik > 2019-01-30 09:25 | Report Abuse
In my opinion, I think no point having ECRL because they are not as crowded as we have in Penang, KL/Selangor or JB. HSR/LRT4,5,6 makes more sense to have within these larger states.