Freeasabird, just wanna know your opinion. What do you think about MKLAND? Is it good or lousy counter?
Mustapha Kamal was Dr M's blue eye boy just as Patrick Lim (EQUINE) now is PM AAB's favourite pet. EQUINE is now
THE property stock just as MKLand was during Dr M's premiership.
Mus then ruled Langkawi and Kedah just as Patrick is ruling Terengganu and part of Penang today. Both has/had contracts and developements priviledges that made other property players seeth.
Let's focus on Mus & MKLand.
What happened to MKLand prices after Dr M's tenureship needs no elaboration. The real story is in MKLand's chart. The follow up PM does not favour Mustapha so MKLand was pumped and dumped around the changing of the guards. MKLand dropped from 3.18 TO 0.43 sen.
It was only recently that there was some spillover effects on this stock becoz of the IDR project and property theme play. MKLand made 1.45 high recently and presently 1.03 .....pulling back abt 30% in 1 month. Not much ppl wanna HOLD this stock. Low PE so what? That guarantees nothing. MKLand was
THE property counter and EQUINE is THE property counter under different PMs.
I've no certain interest in this MKLand portfolio wise. Even the recent concerted effort to revive the Intelligent City (Cyberjaya) project which was a total flop from last decade. The big 4 then was Emkay, UEM (Renong), Landmark & Country Heights. Cyberjaya never achieved it's intended grandeur.
The only mentionable names that opened shop in Cyberjaya today are HSBC, Ericsson, BMW, NTT, Motorola, Dell, IBM, Scicom and LimKokWing University. Nothing much to shout about isn't it? Cyberjaya IT Hub is as much as 75% vacant.
Recently a few companies led by Setia Haruman Sdn Bhd is proposing a plan to put Cyberjaya back on track. Can they do it? Maybe, but the chances are KJ will throw the plans out of his window. MKLand has no chance of revival - not with Patrick & EQUINE around.
And guess who is Haruman Setia's bossman? Correct ....it is Mustapha Kamal Abu Bakar
As far as I'm concern, Mus is history. So is MKLand.
No charts in hand so KIV to Monday ok?
Note : You asketh I giveth. Personal views and opinions only. Trade at your own risk. No blame blame pls.Trademore & freeasabird,
So sorry but I have transferred this “MKLAND” discussion into a new topic so as not to get caught in between the “battle”
Hope it is alright with both of you.
Weekly chart (see below) is showing a Stage 2 in progress and this is strongly supported by the monthly chart (see below). How long will this Stage 2 continue?
Let’s go back to the weekly chart again.
Noticed that the CLOSE is still above the rising 30MA but the 10MA is showing some sign of weakness (convergence). I would anticipate the weekly CLOSE to move downwards towards the 30MA. However if the CLOSE crossdown the 0.96 level then watch for crossdown of the 30MA too. Keep an eye on the slope of the 30MA – rising or declining? If these 2 crossdowns do happen then you get lower HIGHs & lower LOWs which I foresee is the beginning of Stage 3.
As of this moment I rather go fishing while waiting for more significant signal. Just my opinion, though.
