Tuesday, August 10, 2010

Mudajaya Resistence RM4.80- RM5.20 Analysis

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.


-