For me it is all about risk assessment. I bought mom at 46sen and son 11.5sen sold all last Friday because of the fact I know it will definitely fall this week and I am not willing to take that risk. Now question is how much will Econpile contract worth - we dont know. Will they buka and re-call all tender - dont know, QR good or bad? - dont know. When will QR start recovering? - Dont know. I for sure know other than ECRL, no more big infra and development projects in pipeline for 1 year at least. A lot of their project also KIV because developer don't dare to move projects because no property demand. Among all construction stocks, I love econ the most due to its market dominance in substructure works. I have dealt with Econ many times even before they were listed. So i am very sure of their projects capabilities, overall construction sentiment and their projects developer.
Agree Investsucess. I felt oversold too. Their current price is definitely cheap for long term hold. I am just very skeptical of our stupid PH government. No MRT3 or HSR will definitely depressed the whole sector.
Tomorrow will come back to 0.61 cts, another project is going to be announce nex week by mahathir before going to china, constructions stocks up again, published by sin chew newspaper.
Funny only sin chew report such news, not found in other news portal. I see no benefit in BAndar malaysia when there is already current over supply of office space in KL. TRX lands n offices also cannot sell already.
Might be Sin Chew reporter stucked buying IW City, Econpile at high price?
Posted by Bigbull99 > Apr 19, 2019 1:00 AM | Report Abuse Funny only sin chew report such news, not found in other news portal. I see no benefit in BAndar malaysia when there is already current over supply of office space in KL. TRX lands n offices also cannot sell already.
Let those who bought yesterday cheap to sell, taking profit,then afternoon no more profit taking,will surge like yesterday,buy now ,good news next week,
At 0.58 cts only one millio shares, small matter, every day over 20 millions done,they dont want to eat yet,wait for them throw at0.575. you see one mouth bought all at 0.575.
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....
Bigbull99
1,104 posts
Posted by Bigbull99 > 2019-04-18 10:37 | Report Abuse
For me it is all about risk assessment. I bought mom at 46sen and son 11.5sen sold all last Friday because of the fact I know it will definitely fall this week and I am not willing to take that risk. Now question is how much will Econpile contract worth - we dont know. Will they buka and re-call all tender - dont know, QR good or bad? - dont know. When will QR start recovering? - Dont know. I for sure know other than ECRL, no more big infra and development projects in pipeline for 1 year at least. A lot of their project also KIV because developer don't dare to move projects because no property demand. Among all construction stocks, I love econ the most due to its market dominance in substructure works. I have dealt with Econ many times even before they were listed. So i am very sure of their projects capabilities, overall construction sentiment and their projects developer.