My friend told me Philip Capital said Mudajaya is facing with a very strong resistance between RM4.80-5.20. They still believe Mudajaya is a Buy for the long term. But immediate term will have many uncertainties. - - Points from Philip Capital: Strong order books about RM5.2 billion. New potential strategic partner taking over from Mulpha; High operating margins Tendering for more contracts in India; and Increased analysts' coverage.