Gamuda CS / Gamuda

Good day.

Let me bring your attention to Gamuda. As you might know, Gamuda and MMC has received contracts worth almost RM 9 billion and the price has yet to reflect fairly. On the day of the announcement, the price did spike, but the following day it again went down. There's obvious price manipulation here. Anyhow, I'm expecting Gamuda to go up, as Research houses are recommending a buy. This is followed by substantial buying from EPF (Employee Provident Fund).




The chart shows a previous high of 3.90 which will be the resistance line. After that is broken, it should reach for 4.20. Conservative investors should stop here. If you are a speculator, consider buying Gamuda-CS, a warrant which is bank issued. Exercise price is 3.60. As of today, the mother share closed at 3.60.
The warrant itself is selling at 3 sen, which is at a substantial discount compared to other warrants in the market.




Should Gamuda reach the target price of 4.20, this should easily value Gamuda-CS at 12 sen +/-
Again, speculate wisely.