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Singapore Investment



 THETA 9075 THETA EDGE BERHAD  gearing up for Jendela Phase 2.0 ?

Blog https://targetinvest88.blogspot.com

The recent market is volatile and trading in thin volume. With the state election coming up in August, many investors will perceive this moment as risky and will not get into big positions to invest. However, some investors will see this as a window of opportunity to get good deals.

One of the major government project that will be announcing soon will be the Jendela phase 2.0, which will be slated on 3q 2023

Jendela Phase 1.0 had a budget of RM 28 billion. For Jendela Phase 2.0 will be more on 5G, and the budget will be finalized later on.

Theta Edge is one of the appointed contractor for the Jendela Phase 1.0 project. The total project site won by Theta is 221 location, worth RM 154 million.

With the timely and good delivery for Jendela Phase 1.0, the existing contractor involved in the phase 1.0 will have a bigger chance to be appointed for phase 2.0.

Furthermore, one of the uprising player - Opcom, had terminated it's agreement with Global Forway. This will indirectly give the existing player to get a bigger pie for the phase 2.0.

The other running listed contenders for the Jendela phase 2.0 could see OCK, Mestron, Handal.

Based on the previous sizable contract won by Theta, it is a good reference to bet on another sizable contract from Jendela phase 2.0 by Theta.

Theta is a subsidiary of Lembaga Tabung Haji, and in turn, Lembaga Tabung Haji is under the purview of PMO department. It will be crucial for the current unity government to ensure that Lembaga Tabung Haji will be able to secure the interest of muslim hajj contributors in the long run.

Technical chart of Theta is looking for a break out after a 1 year consolidation.

Please be informed that I am not a professional or certified analyst. I am not a licensed consultant, just a normal retail investor. I am just sharing my ideas and opinion on the market outlook. Any company mentioned should not be interpreted as a buy/sell/trade call. Please do your own research and buy/sell/trade at your own risk.

Blog https://targetinvest88.blogspot.com

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