Today is the high volume due (T3 - 4,132,000 shares) for this counter which if the share volume is able being absorbed by the market players, the up trend will be intake with current support price level. Furthermore, with result (Q3, 2020) expected to be released soon, this is the counter to monitor for investing as this counter consolidating at the range price for 8 to 9 months already.
Based on observation, Mudajaya consolidated for a ling period and with 2021 construction and ESG ( Environmental, Social and governance) likely the theme which Mudajaya power generation unit ( solar farm ) part of it will likely benefit from this theme.
Bangla will always been bangla, today u can lansi but how about the days after tomorrow? Era of Empire Mudabangla is already ended by their own natural of monkey-like characteristic.
With volume building up to approx 18 mil shares on 30.12.2020 compared to 4 week average of 2.8 mil shares couple with stock stay at high side and triple top on it chat, it seem likely that this counter will move up after stay at low level for almost a year. This had been help by it classify sector and business activities such as power generation and solar as well as other related activities which going likely to be theme play for 2021
The Board of Directors of Mudajaya is pleased to announce that Bera Hydropower Sdn Bhd (“BHSB”), a 76% owned indirect subsidiary of Mudajaya, has been selected as one of the successful bidders in a competitive Feed-in Tariff e-bidding small hydro tender exercise (“Project”) by the Government of Malaysia through Sustainable Energy Development Authority Malaysia (“SEDA”). BHSB has received the Feed-in Approval Certificate from SEDA on 30 December 2020.
BHSB will enter into a Renewable Energy Power Purchase Agreement with Tenaga Nasional Berhad for the Project located in Pahang, Malaysia at the installed capacity and tariff rate of 30 Megawatt and RM0.29 per kWh respectively for a period of 21 years.
The Project is not expected to have any material impact on the earnings and net assets of Mudajaya Group for the financial years ending 31 December 2020 and 31 December 2021 but it is expected to contribute positively to the Group’s future earnings.
None of the directors or major shareholders of Mudajaya or persons connected with them has any direct or indirect interest in the Project.
Now is energy theme. Eventhough this is not a big project, but hope the energy theme can boost share price up. Based on yesterday's 18mil shares, expect more uptrend coming.
This counter deep in my memory. I remember a member here lost hundreds k. No matter how well u know the company, u still can't fight with those inside the company. Now after 3 years i come here again to see the price only 0.25.... Xyz
This used to be one of the core counters in my portfolio, around 2012-14. It's usually among the Top 20, at least, in terms of daily volume. Quite good dividends too. One of the main attractions was its power business in India. Us investors/speculators would comfort ourselves with this hoped-for money-spinner. Often delayed but we were patient. "Soon".
If memory serves me right, the share price was RM3+ (?) I had sold due to needing the money for some project. Fortunately as it later turned out. Then it started the death of a thousand cuts. Drifted lower but slowly. It's been quite a few years since I followed it. Now it's below 30 sen! Should be a lesson that "Buy-and-Hold" isn't necessarily a good strategy.
This co. is not worth to hold as all the monkeys from low to top management are playing fool inside the menara MCB. Even speculators also lazy to goreng this MCBai company.
The OR has ceased trading. Company is waiting for holders of original rights to subscribe for the new shares at 22 sen and get one free warrant. Last day of payment is 27/9/21. Ironically, the mother share is now trading at 18.5 sen. Would you subscribe? Is there any logic?
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....
tkl88
8,712 posts
Posted by tkl88 > 2020-11-25 07:06 | Report Abuse
Wow, oil price continue to spike up like mad !
As at 1.25am,
Nymex=> $44.95 (+1.89) (+4.39 %)
Brent=> $47.77 (+1.73) (+3.76 %)