GAMUDA-WD below $1.25 by 31-Mar-2012

  • target price: $1.25 ( -6.02 % in 37 days)
  • price when predicted: $1.33
  • current price: $0.00
  • 2275 days pass target date.
Short-term weakness of the warrant caused by some profit-taking to happen. Mother price dropped another 11cents today, expect the warrant to follow suit tomorrow. However, the medium term prognosis for this share is still good.
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Comments

Prediction scrapped. Lowest RM1.29 reached before retracing. And with the award of the RM8 billion MRT tender to the JV of MMC-Gamuda, one can reasonably expect it to go up some more.
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