This counter reminds me of Sendai 6 months ago when Sendai price was 45sen with NTA 95sen (undervalued). After 6 months, Sendai price rise to 1.30 (now overvalued at NTA 1.15)
Book Value refers to Net Tangible Asset (NTA). The current NTA for Merge Energy Berhad is 91sen per share. It also represent the current value of each share. At current price, 55sen is considered very cheap.. (undervalued)
hlafdz This counter reminds me of Sendai 6 months ago when Sendai price was 45sen with NTA 95sen (undervalued). After 6 months, Sendai price rise to 1.30 (now overvalued at NTA 1.15) 03/07/2017 19:05
you need to check their order book that time..compare it..
Everything with higher NTA will eventually go up.. just a matter of time. Good to keep mid-long term too. Early buyers may sit back, relax.. and enjoy the ride.
Merge Energy shares may go down like all other shares go down.. and probably up again when all other shares goes up. But one thing for sure.. All undervalued shares will definitely go up in the mid to long term. Merge Energy @ below 60sen is way-way undervalued.. NTA is above 90sen.
This counter will definitely go up as it gets nearer to election. The management is confident of securing more projects this year. NTA increasing from year to year. Enjoy the ride guys..!!
This counter may follow MJPerak up again due to land bank in Northern Selangor, due to potential appreciation because of Geely's Proton City and parts vendors may relocate in Southern Perak
Merge Energy bags RM105.55m job to build water treatment plant in Johor
KUALA LUMPUR (Feb 21): Merge Energy Bhd has bagged a RM105.55 million contract to develop a water treatment plant and water pipes under Package 1 in Pagoh, Johor.
In a filing with Bursa Malaysia, Merge Energy said its wholly-owned subsidiary Mewah Kota Sdn Bhd has accepted a letter of acceptance from Pengurusan Aset Air Bhd (PAAB) for the proposed project.
The contract is for a period of 18 months, with completion on Aug 25, 2019. "The contract is expected to contribute positively to the earnings of Merge Energy Group for the current and future financial years," Merge Energy added.
Merge Energy shares closed half a sen or 1.56% lower at 31.5 sen today, giving it a market capitalisation of RM21.1 million.
Very good news for Merge. The recent spike of this counter was due to insider sapu up. Once the announcement is out, definitely will fly to at least 80c. You may refer back to my comment. I asked to sapu genting wa at 13c and i sold 175 happily. Now best bet is Merge. You may missed KGB , but please dont miss Merge.
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....
Chew199
94 posts
Posted by Chew199 > 2017-07-02 18:37 | Report Abuse
Sold ninety percent only 10 percent left to fight for the higher price.