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4/8/2021:
RL to date having 9 umbrella contracts and 14 out of contract in hand. The management said their operation were not affected during March due to their improved performance in infrastructure,logistic..etc
Roughly estimated the next qr will be slight better around 2.5m -3m.
The new solar business bring a good opportunity to them because their client are like solarvest, samaiden, cypark (RL provide solar pv)
The recent sold off the shares might be RL aiming to uplift to main board because one of the requirement is 12.5% will need to hold by bumiputera.
In term of technical analysis, RL currently in a sideway and this is good for first entry or top up. I will put this stock in a medium to long potential counter for me.
HaHa, what I invested that I got study hard and find the reasonable to invest it.. RL already down so low from 0.7 something down to 0.40 something.. add the oil and gas of price also increased.. and the renewable energy also future growth.. So I think RL of price is more cheaper than other company.. So I choose RL .. and RL also didn’t make me disappointed it.. Good company.. HaHa
I was in the call earlier with thien, he was mentioning few things
1) currently they are subcontractor for solar epcc companies, but exploring options locally and overseas to own a solar farm
2) umbrella with pxxxxxas allows them to pretty much use new technologies which they developed, now they are submitting a few things
TCS is good, but what i don't like about construction is profit margin too low, rather get some property that has in house construction, sunway, lagenda etc.
Construction always in low index point after long time retrace… only can wait like change government then speculate for project tender then only got hot money in…
Else you wait for Malaysia want to boost economy then will inject money to projects.. but now everyday industry also lacking money etc: healthcare, oil and others.
When will construction turn? Sure will come but wait long long lo
