phase 2 signing for coal is coming,, and they put it exactly during budget meeting,, a good plan that might take it above 2.80 levels... if analyst rerated this stock wow wow then it is a real durian runtuh
i think today rise is mainly due to speculation on TNB job at Manjung Perak. Mudajya should be the frontrunner for the job. If end up not able to take the job, then the share may fall back.
Mudajaya Group - Coal comfort for India IPP Worries about securing coal supply for the group's 26%-owned IPP in India can finally be put to rest. Yesterday's announcement wraps up the long-overdue coal supply agreement for the entire 1,440MW facility. Execution now focuses on commissioning the plant in 1Q14. Our target price is intact, pegged to an unchanged 40% RNAV discount. The Indian IPP constitutes 17% of RNAV. We anticipate a strong re-rating as past delays in the signing of coal supply have been an overhang on the stock. The short-term outlook now shifts to a potential domestic power plant job award. This news, potential new regional IPP ventures and job wins are catalysts in 2H. Maintain Outperform.
2.72 is the support level before yesterday hike. Today climb higher and later retreat to the previous level. No major problem, just some patient is needed.
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....
sweetlewisgurl
47 posts
Posted by sweetlewisgurl > 2013-09-24 17:04 | Report Abuse
red again!