Support at 0.2 RI price already broken, better don't touch for now. I believe this or previous consolidation / RI is to buy shares from thin air when bilis collection failed, and also to reduce their average cost per share. Wait for some time and if 0.2 still not supported, likely there may be more game plan (more downside to flush bilis or collect tickets).
The Malaysian construction industry grew by an estimated 1.5% in real terms in 2021, following an annual decline of 19.4% in 2020
The industry's output in 2021 was supported by an improvement in wider economic activity and more favorable external demand.
Despite remaining stable in the first half of last year, construction activities plummeted in the third quarter of 2021, due to weakness in civil engineering, residential and non-residential building construction activity.
As a result, the Malaysian construction industry contracted by 2.6% year on year (YoY) in the first three quarters of 2021, according to the Department of Statistics Malaysia (DOSM).
The industry is expected to have registered positive growth in the final quarter of 2021, supported by a fall in Coronavirus (COVID-19) infections and the subsequent relaxation of restrictions.
However, severe flooding towards the end of Q4 2021 may slow growth in early Q1 2022.
GlobalData expects the Malaysian construction industry to expand by 16.5% this year, supported by further improving economic conditions, the government's focus on completing large infrastructure projects, and increased investment on industrial and energy projects.
In December 2021, the Malaysian parliament passed the government's budget for 2022, approving an expenditure of MYR332.1 billion ($81.8 billion).
The budget includes an allocation of MYR75.6 billion ($18.6 billion) for development expenditure, as well as a number of incentives to improve employment rates and support businesses.
The construction industry is expected to register an annual average growth of 6.2% between 2023 and 2026, driven by investment in large-scale transport and energy projects.
In September 2021, the government announced its plan to establish the Public Private Partnership (PPP) 3.0 model, a specialized mechanism to fund infrastructure projects in the 12th Malaysia (12MP) plan between 2021 and 2025.
In June 2021, the government unveiled its energy transition plans until 2040, aiming to increase the proportion of renewable energy in the total energy mix from 2% in 2019, to 31% by 2025 and 40% by 2035.
As part of the 12MP, the government announced its goal of developing 120 cities to achieve sustainable city status by 2025, by providing additional support to private sector projects implementing strategic development programmes.
The government also intends to construct 500,000 affordable houses by 2025.
Those still holding from months ago have no point to sell because % drop is too huge to get back any meaningful capital. Without catalysts for this counter, it's a drag race and attrition fight.. but to the cindy kate is normal, it is their job and doing it for decades... Many shares out there have same fate, guess many bilis got richer from previous 2020 bull run and still holding tons of stocks, hence the beatdown from the kates family...
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....
whistlebower99
5,255 posts
Posted by whistlebower99 > 2022-06-10 10:14 | Report Abuse
How super strong can the price be supported without much retail participation ?
Probably can expect directors to announce more MOUs or press release to excite and attract more new players into the game
Let's wait for time to tell. 2 weeks, 1 months
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TAYOR