WHEN EKOEST, IWCITY, GKENT, MRCB, INTA, IKHMAS, SENDAI, GADANG, OCR, GDB AND MANY OTHER CONSTRUCTION
COMPANIES ARE MOVING, WE MAY HAVE A LOOK TO FAJARBARU BUILDER GROUP BHD (7047).
FA:
FA:
1) Fajarbaru Builder Group Bhd involves in Logging and Trading of Timber
- The lumber price from April to Jun increase from 251 USD to 447 USD, September lumber price already surge to above 900 USD
- Associate company remaining approximately 14,000 acres of working
block that yet to be logged will continue to contribute to the Group’s
earnings in the future.
https://www.klsescreener.com/v2/announcements/view/3189521
https://www.klsescreener.com/v2/announcements/view/3227129
2) Involve in ECRL project (The mega project that still continue either PH gov nor PN gov)
- As of last month, track restoration work Mentakab to Gua Musang by
Fajarbaru Builder Sdn Bhd at a cost of RM259.7 million stood at 97 per
cent.
- With the Group’s track record in consistently delivering quality
products and services and having completed various rail-related projects
the Group is capable to bid for future rail construction jobs as well
as infrastructure works.
https://www.nst.com.my/news/nation/2020/08/615797/wee-ecrl-will-complete-malaysias-expansive-rail-network
3) Malton (6181) break
52 week high and closed at RM 0.59 today (14 SEPT 2020). Fajar get the
contract from Malton, maybe this both company may have something to
blow.
https://www.klsescreener.com/v2/announcements/view/3215643
https://www.klsescreener.com/v2/announcements/view/3215643
4) Company directors and big shareholder buy more than 10 millions shares from July until August 2020
- Look like something good is blowing in future
https://www.klsescreener.com/v2/announcements/view/3207821
5) Obtained a Malaysia moneylender licence which allows the latter to undertake money-lending business.
https://www.klsescreener.com/v2/news/view/716159/fajarbaru-builder-s-unit-gets-moneylender-licence
6) FAJAR beneficiary of the reintroduction of the Home Ownership Campaign (HOC)
- The government reintroduced the HOC in June under the Short-Term
Economic Recovery Plan (Penjana). In addition, the government has
announced real property gains tax exemption for Malaysians for the
disposal of up to three properties between June 1,2020 and Dec 31,2021.
- HOC, lower lending rate, and peer-to-peer lending platforms, is expected to provide boost to the housing market.
- In Melbourne, the sales rate is at 92% and construction works are
progressing well and scheduled to complete by the end of the year.
https://www.nst.com.my/property/2020/06/599183/hoc-immediate-catalyst-boost-housing-market
Other news:
https://www.klsescreener.com/v2/news/view/718503/hsr-full-speed-ahead
https://www.klsescreener.com/v2/news/view/718503/hsr-full-speed-ahead
TA:
Mid term uptrend counter
1) The price support by EMA 50
2) ADX & Stoschastic ready to cross up.
3) OBV still in upward position
4) The price supported by uptrend line
EP RM 0.405 - RM 0.415
SP RM 0.40 RST RM 0.435
TP RM 0.495 / RM 0.52
Risk reward ratio is good.
Disclaimer : The above opinion is never intended to be a BUY SELL CALL. The above article purely for education purpose base on observations, chart and data. Thank you.
https://klse.i3investor.com/blogs/Potential_Stock/2020-09-14-story-h1513495816-FAJAR_CONSTRUCTION_GEM_IN_LAGGARD.jsp
Risk reward ratio is good.
Disclaimer : The above opinion is never intended to be a BUY SELL CALL. The above article purely for education purpose base on observations, chart and data. Thank you.
https://klse.i3investor.com/blogs/Potential_Stock/2020-09-14-story-h1513495816-FAJAR_CONSTRUCTION_GEM_IN_LAGGARD.jsp