yongtai boss sold his position. although not much compare to his holding but retailer must be aware. yongtai chart wise is not convincingly good. making lower high and lower low.
if after PH review the project, government attempt to cancel ECRL / HSR project that already assign to China developer, they might feel piss. But this Encore Theatre is still co-joined with china investor, so i feel it still a very stable counter.
Encore Theatre completed. Dry run starting on 28/5/18. Official launch will depend on Tun Mahathir 's schedule in June. That's why special price vouchers starts from July.
Wait for official launch in all newspapers. Currently not many heard of Encore Melaka. Had seen 2 Impression Series in China. The 200+ performers really give us a superb entertainment with its special effects. And it is full, even on a weekday.
tis is chinese tourism industry la... apa pulak ph nak delay... kita mau chinese tourist datang ma.. bukan hsr ecrl, kita kena beanja berbilion ringit. pakai la otak pikir sikit, archangelambrose
market still vulnerable. only selective stocks are still intact of uptremd mode. yongtai defintely not one of them as it is still at down trend for short and mid term. and for longer term, it is in sideway. not a wise move to buy in yongtai now. it is only for those bought at low and still can continue to hold.
Yong Tai projects in melaka there has a lot of mat rempit. They are the most biggest mat rempit gang in Malaysia, every weekend midnight they will routinely racing at new kota .
Yesterday fhe price formed a long white candle with moderate volume. It's considered a tech rebound until it breaks and closes above 1.52. If the price can stand and stay above this level and move further up then it's only considered trend reversal.
as said, price doesn't stand above 1.52 and now it is retracing. due to low volume it should be just a retrace before retest the 1.52 resistant. if there any significant event happens affect the broad the market, the price will go down more. now still not a good position to enter.
First year operation of Impression Theatre, profit estimated at 50M. And the progressive construction billings for The Apple, Courtyard Marroit Hotel, Amber Cove and The Dawn will also contribute much more in the next few quarters. Compare with the current profit of few million only. The share price will fly.
YT share is a dead water stock. swinging in a small range. the boss just want to maintain at this level. they have not intention to boost up the price. no captial gain no dividend. and risk of downturn. better move the bullets to somewhere else.
All the good news are reflected in the price. Nothing more to boost up the price. These 2 days market is good but YT is still falling. If market makes a U turn YT might fall even deeper.
Since no dividends is expected within 2 years, let others hold it first. Personally don't think local people are willing to pay 120 per ticket. TP MT1.10.
it is going down for sure. yesterday formed a bearish engulfing candle with relatively higher volume than usual. if market u turn, we shall see below 1.40. this counter is going nowhere but sideway and downside.
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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....
trulyinvest
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Posted by trulyinvest > 2018-03-13 13:51 | Report Abuse
add some at 1.50