Long white candle was shown on the Technical Price Chart on 28 April 2017.The present uptick in price is also supported by the MA,MACD and RSI charts.Barring any adverse global geo-political events the upsurge in the stock price is intact.
But think before the coming QR release there will be some weakness in the stock price.
The decision to Buy,Sell or Hold is yours to make.Just to share.
Weak holders of the stock have been flushed out! MA chart still trending positively.Also the same with MACD chart. Next QR report will be somewhere around ~25 May 2017.Malton also dropped for the past two days.
Outcome: Possibly some upticks after the price corrections in tandem with the market BURSA trend.Near to coming QR date the price may be weak.Just to share.Smart and happy investing:-)))
Tan Sri Desmond Lim’s Group of companies (WCT, MALTON) looks likely to benefit from the termination of the Bandar Malaysia deal between MoF (through TRX City) and IWH-CREC. This is due to:
1. Back in Dec-15, out of 40 tenderers, there were only 2 strong tenderers – (1) TS Desmond Lim with his Qatar back and (2) TS Lim Kang Hoo (IWEH) together with CREC.
2. Although TS Desmond Lim eventually lost out the bid, news sources mentioned that TS Desmond Lim had inserted a bid valuing Bandar Malaysia lands at RM15b; higher than the RM13b valuation bid by IWH-CREC.
3. WCT (19% owned by TS Desmond) has already secured the MRT2 viaduct works (Package V204) from Bandar Malaysia towards Kampung Muhibah worth RM896m back in 2016.
4. Also, WCT had previously in Oct 2015 received a letter of award from 1MDB Real Estate S/B (currently TRX City S/B) for the completion of infrastructure and roadway works at the TRX worth RM755m. This infra works is close to the vicinity of Bandar Malaysia and hence this forms a strong working relationship between WCT, Bandar Malaysia and its owner – TRX City S/B.
Was given this by my remisier. Purely for sharing purposes.
Insiders reckon that inching closer to winning the bid to buy 60% interest in Bandar Malaysia Sdn Bhd (BMSB), which is the project owner and a wholly owned subsidiary of 1MDB Real Estate Sdn Bhd (1MDB RE), is Tan Sri Lim Kang Hoo together with his partner CREC. The party trying to outbid Kang Hoo is believed to be a Qatari state-backed consortium. It was reported that this group comprised a local company belonging to property baron Tan Sri Desmond Lim of the Pavilion/Malton group and a Qatar investment company. Read more at http://www.thestar.com.my/business/business-news/2015/12/12/tussle-for-bandar-malaysia/#3vSmA6J9Tv2lZ27T.99
Wct is the construction company that tan sri has 17% share. If tan sri with Qatar gets d project, then sure wct has more chance to participate in bandar malaysia project.
If malton gets d bandar malaysia project, sure wct will b benefited the most. Tan sri has one construction company only which is wct. Other companies are property companies.
I am reading Focus Malaysia, page 6. Wct is said to be the front runner to construct a tolled expressway within the indo-china region. Potentially yield the company a 20% return. Happy weekend
While the Qatari group’s bid is in the background, sources say that it isn’t the favoured one now. “Also the current leadership in that country may not be keen on ventures in this region as it was just a few years ago when they entered into a partnership to develop the Pavilion KL Mall,” says one executive familiar with the situation. Read more at http://www.thestar.com.my/business/business-news/2015/12/12/tussle-for-bandar-malaysia/#YgQyemdhrRPzKxCr.99
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....
nicky
3,356 posts
Posted by nicky > 2017-05-02 15:53 | Report Abuse
C WE turning RED soon....haiz