Presbhd - bruised but certainly not out Ep.2
Yesterday volume was the strongest since IPO. 20 millions shares changed hands in a single day. Price went up 23 cents to close at RM1.95. The price is nothing to shout about but at least provides some much needed relieve. I know many still hold high hope for the price to break its previous record of all-time high of RM2.41. Good company will always put high expectation onto itself and I see the management has what its takes to outperform market expectation.
They have mapped out their plans (of course some still in the pipeline) and I believe one by one will fall into places and will contribute positively to the company's bottom line. One has to be a loyal investor to able to enjoy from their success stories and I don't mean 1 month kind of loyal investor. Loyal means stay on during up or down market sentiment. Case in point - my first batch of investment in Presbhd was way back in 2011 at price around 80 cents. There were so many up and down market sentiment but I hang on simply because I know I will make big money from this stock in the long run.
Its price closed at RM1.95 on 26.01.2015.
“In the second quarter of this year, the MCMC will award the contract for 600 towers to be built in rural areas."
“The contract for the first 400 towers came up to around RM900 million (US$252 million). The next phase will cost more than RM1.3 billion (US$360 million)"- a Member of Parliament of Malaysia
