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Mcement was once a blue chip, paying quarterly dividends. Hope new management could help the counter to regain the past glory, and even take it to new heights
I think this is the answer: CIMB IB paints a beautiful picture about mcement's prospect as the most dominant beneficiary of HSR and MRT projects, and has a target price of RM5.55! It's possible in medium term, the last peak was around RM11 about 10 years ago
The price has breached RM4, this is phenomenal, unusual and beyond expectations and imagination. There's a need for the management to make an announcement to clear the air, or else it will attract speculators or short sellers which is unhealthy for the company's reputation. A responsible management would quickly come to the front and announce whatever corporate exercise or developments that are pending so that nobody has any advantage
The hefty price increase could be a bit overdone; it has to be backed up by fairly impressive impending 4Q results, or else it will lead to disappointment and an immediate sell-off upon result release. Let's wait and see
Hopefully, current high price is not pushed up by some IBs in order to issue and sell call warrants! There's a need for the management to release 4Q results and other corporate developments as soon as possible!