Tuesday, January 10, 2012

What's up with MBSB?


Well, MBSB just broke RM2 today and closed at RM2.02 hitting an intraday high of RM2.05...

What's in store for the rise in the share price?...


Q4 earning is expected to be much better than expectation... Growth prospect is solid... especially with the government friendly policy of late that has given the majority of household the extra bucks to ease their cost of living.


MBSB's operating income is expected to continue to rise in the next 6-12 months...

Also will there be M&A involved for this counter?...maybe... Is RM2.50 a reality or a dream too far fetch?


It might just be a reality in the next 6 months if its a normal year but since we have election this year, so let's target the next 8 trading days... I would say RM2.20 could be achievable if similar volume continues to pile into it...Should it stay above RM2, its 80% going to hit that price with ease...


Could there be another leg up?...we'll see... :)



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