Since I'm free now. So I have translated the blog from Boon as follows:-
Mudajaya was incorporated on 9th Dec 1965. It was listed on 10th May 2004.
MUDAJYA was once a well-known construction stocks. It 's specialized in civil engineering, building construction works, including design and construction engineering, highways, bridges, buildings, power plants, water supply infrastructure, sewerage and other infrastructure projects.
Other than construction, the group also involves in property development, manufacturing and trading of building materials.
However, its financial was dragged by the delay of its India Power Plant project and subsequently turned to huge loss making and thus its share price dropped significantly.
Firstly, after a downturn of consequently five quarters, the group finally manage to turn profit in the past 2 quarters with its 3rd quarter's profit exceeded 10mil.
Secondly, in its coming to 2016, the India Power Plant project began to see a glimmer of dawn.
According to its announcement made on 17th Mar 2016, Unit 1 & 2 of its India power plant has achieved its commercial of operations. Its 26% owned associate has on 15th March negotiated on the sale of electricity with a several power distribution companies to commercial delivery of 350MW of electricity.
The Group has 4 units of power plant in India, Unit 1 & 2 has on 16th Mar achieved its COD, power purchase of Unit 3 & 4 are still under negotiation.
If the Group can achieve EPS of at least 4.5 cents in the coming quarters, I personally opine that its long-term reasonable price should be around RM1.80.
Because of this 2 "kwai" I sold at average 1.375 (bought at average 1.334). Can't afford sleepless nites. Will be back after KVMRT 2 announcement/award. Still plenty of upside because of the power plants....so I am out until this 2 "kwai's" prediction is over. get or don't get the KVMRT contract...I will be back when the award is over....too much losses has taken its toll..
400523, you need to learn to read charts or candles or at least ask the right people. Newbies like me also got win got lose, but diversification is one of the key.
Generally speaking yes I agree...universally all, like Bloomberg uses the tool. It gives you the insight of the direction and momentum. But then the chart and candles don't know about contract awards and the politics involved. So both play a part no? I am not a long term investor anymore. The Malaysian stock market is full of short term punters and thats why prices fluctuate so much...so much for fundamentals!
Ok, 3 stocks that have been uptrending Construction - Gamuda from 2 weeks before till it is awarded the contract. Aviation - AirAsia, now in another uptrend wave after private placement Earned nice profits and still on going for AA.
Genting - due to theme park, Foreign investors have been buying left right center. Up and up , only now take a breather. I did not join this one as it already went up a lot
Just these 3 stocks enuf to gather some profits while waiting for this Mudajaya that had given you headache
Airasia 1 plane crash and holland awaits you. gamuda and suncon would have burnt you had you bought when award announced..not easy in this punters malaysia...buy on speculation sell on confirmation.
Bottom line is...make sure you have the holding power....better still wait for crash! Even with a crash...you must also be fast because after a few days of rise it may stagnate for 5/6 years!!! Like Asian crisis...remember Maybank RM3.8...low for a few days only. If it was easy to make $$$ all will be rich!
Hmm, since you like construction counter. Gamuda WE, the warrant, ppl in this forum been buying since it was 90 cents. It reached RM1.16 when award announced. Before that, we already buy, sell when profit, wait at lower, buy some more upon pullback and sell some more.
If concerned price go down, buy less but make sure sell when in profit.
Notice many retail buyers today and not like when fairfax is buying. In the short term it will cause unstability of the price before and when award is out...so guys like me with no long term holding power got to be very careful. Still have faith in this counter...but I have to be cautious as well. Will be watching closely...everytime I exit there will be a sudden rise! so you guys be happy ok.
I was not a short term investor...but because I lost so much of $$$ I do not have holding power anymore. For short term investors like me...this counter can be very punishing....when you are forced to sell there might be no buyers!!!Some days only 200K turnover! So I have to chau when I don't feel good.
PT ISI’s subsidiary, PT HEIM which is a special purpose vehicle, has a Power Purchase Agreement (“PPA”) with PT PLN (Persero) Wilayah Papua Dan Papua Barat for the development of a 2x7 MW coal-fired steam power plant on a Build-Operate-Own basis for 25 years from the Commercial Operation Date in Manokwari, West Papua of Indonesia. The financial close pursuant to the PPA is 26 October 2016.
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....
400523
736 posts
Posted by 400523 > 2016-04-04 13:58 | Report Abuse
Hey Joe mari...mari...mana?