Since market is very good, all quarterly report also already out, and US DOW JONES going up with regional Asian market as well, KLSE also going to see resume activity with bargain hunting, value buy and a lot of good buy, especially those that had dropped a lot since the new government cancel this and that, but now we are on a u turn theme, so alot of thing is going to be restored, and share price also will be going up again.
Oil and gas stock already up a lot, and still have momentum to go.
Construction stock also got up and down. Up because prospect is good again, down because the quarterly report reflect last year last quarter sentiment, which is of course not so good at all. Due to holiday and also a lot of policy pending, the earning is not so good.
Now, Presbhd is also going to be good, because so far Presbhd already invested a lot of money into SK1N project.
If government cancel the project, then they are bound to repay the cancellation fee.
If don't cancel, then continue the project.
Maybe the project will continue but at a revised cost, but that is better than nothing.
But worst off, it is cancel, then Presbhd will still get back compensation.
Now Presbhd is very attractive. Chart wise, very good position. Pending break out from resistant.
Resistant 41 cents region. Once break 42 cents, then very positive already.
Quarterly report already out, so don't expect any shocking news to put this share to ground.
Now only need to wait
Option 1 - Cancel project - get compensation (WIN)
Option 2 - Revive project - get work to do (WIN ALSO)
Seldom have win win scenario, so I think now is good chance to go in.
Habis cerita, the rest is at your hand.
Good luck all Presbhd investor including me.
https://klse.i3investor.com/blogs/targetinvest/196332.jsp
