This counter has been consolidating @ RM1 for a long while....... just have to wait for a strong recommendations from some analysts to give it a real push......
LOTS OF GOOD ANNOUNCEMENTS IN NEXT 2 WEEKS INCLUDING MUCH BETTER 4Q/FULL YEAR PROFITS, LIKELY 2ND INTERIM AND/OR FINAL DIVIDEND PLUS A BIG PROJECTIN A PRIME LOCATION.
ALSO GOT TECHNICAL BUY CALL (WHICH LIKELY TO MATERIALISE SOON (AS VOLUMES HAD SPIKED UP) :-
TRADING IDEAS: TROP (5401) Author: PublicInvest | Publish date: Tue, 10 Jan 2017, 10:04 AM
Target Price: RM1.13 Last closing price: RM1.02 Potential return: 10.7% Support: RM1.00 Stop Loss: RM0.98 Possible for bottom fishing. Moving sideways for the past nine months, TROP’s share price is now supported above RM1.00. Both bullish RSI and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should RM1.08 resistance level be broken, it may continue to lift price higher to the next resistance level of RM1.13.
However, failure to hold at support level of RM1.00 may indicate weakness in the share price and hence, a cut-loss signal
Tropicana is going to start a JV integrated development project near to Pavilion in Bukit Bintang area. The project has a high GDV and it is in the prime location of golden triangle in KL. This could be the big project in prime location that was talked about in this blog.
CORRECT. THE LAND IS OWNED BY TROPICANA AND HAD BEEN SOLD TO THE J/V (WITH A RENOWN FOREIGN PARTNER ) COMPANY FOR THIS PROJECT. VERY PRIME LOCATION. THIS PRESTIGIOUS PROJECT WILL BE CREAM OF ALL THE COMMERCIAL PROJECTS BY TROPICANA. VERY PROFITABLE ONE FOR TROP.
JV AGREEMENT SIGNED SOMETIME LAST YEAR. BUT SINCE THE CONDITIONS PRECEDENT NEEDED TO BE FULFILLED BEFORE IT CAN LEGALLY PROCEED. HENCE TROP CANNOT BOOK IN ANY CAPITAL GAIN EARLIER.IF JV AGREEMEMT IS IMPLEMENTED NOW, TROP CAN HENCEFORTH BOOK ITS CAPITAL GAIN NOW.IN ADDITION TROP WILL ALSO BE RECEIVING THE BALANCE OF SALES PROCEEDS OF ITS BB LAND TO THE JV (90% OF THE AGREED SALE PRICE
else he'll overlook, or say prospect no good, business sense and anything that can support not to buy. Just like English Grammar, exceptional rule more than general rule...
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....
luckyman
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Posted by luckyman > 2017-02-11 17:33 | Report Abuse
This counter has been consolidating @ RM1 for a long while....... just have to wait for a strong recommendations from some analysts to give it a real push......