In light of recent cases, KTB used to be a Bus transportation company, until then with the recently Property Development Injection by Lagenda Group, they have turned around from 0.15 to 0.49 – The Epicon.
By market impression, Milux is a company that do electronic devices at time, but things changed when company decided to inject new businesses into the company soon after recent full acquisition of stakes.
Let's unlock the Gem now.
New Largest Shareholder – Topspike holding (Property & Construction)
Top30 shareholders are holding 83.94%. of Milux.
Datuk Wira Ling Kah Chok is all renowned property developer in JB area, eg Iskandar and Dato Sulaiman.
LINBAQ Holding’s Business Nature : LINBAQ Holding’s primary businesses are in Property Development and Construction, supplemented by a Solutions and Trading arm.
LINBAQ
Completed and On-going Projects :
Johor Bahru City Centre Space Residency ,
Johor Bahru Iskandar Puteri Carton King Street Mall,
Iskandar East Kaze Hill,
Johor Bahru City Centre Novotel Branded Hotel,
To complement LINBAQ Holding’s primary business in property development and construction, a trading arm has been established which supplies not only to LINBAQ Holding’s projects, but to others as well.
Far East Bunkering Services (Melaka) Sdn Bhd is another company with a common shareholder as Far East Melaka. The company has been appointed as the operator and manager of special anchorage area known as Melaka Bunkering Port, within Port Limits of Malacca Port. It is being positioned as “off-shore bunkering station” for vessels passing through Straits of Malacca similar to other major bunkering port in the world e.g. Singapore, Gibraltar, Fujairah, and Rotterdam. This mode of operation will be the first of its kind in Malaysia.
Chart breakout with volume
Day high 0.615
Closed 0.600
Chart have been consolidate long.
Breakout from downtrend line and re-tested 2weeks inside bar.
With the upside of 22.58% in short term
MACD Cross up with higher low trend breaking through.
Epicon has risen 200% since the pre-injection until today whereby Milux engine seems just started from breaking the downtrend line.
The Company is taking action to revamp the company with this new business injections with more diversification, where they also downsizing the electronic biz parts.
The Area where Linbaq cover is literally the golden triangle of Johor Bahru area. The company shouldn’t be left out with the rally of UEMS Sunrise, IWCity , KSL Holding Bhd, SP Setia , EcoWorld. One of the Linbaq projects are just beside KSL City and JB’s CBD (Central business district) Area.
All rounded cycle - To complement LINBAQ Holding’s primary business in property development and construction, a trading arm has been established which supplies not only to LINBAQ Holding’s projects, but to others as well. INTERNATIONAL MULTIPURPOSE DEEPSEA PORT AND CRUISE TERMINAL too.
In technical term, the stocks price is trading in a long consolidation and just have a recently higher low volume picking up as you can see from the weekly chart, a decent risk-reward trades. Stock just broke out from downtrend cycle, worth to watch out. Short term wise the room would be 22.58% upside with limited liquidity as the Top30Shareholders are holding near 84% of the stock. (16% market float) with stock price at low.
DYODD, thank you.
-LeRainmaker
Chart | Stock Name | Last | Change | Volume |
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Created by LeRainmaker | May 01, 2024
Tambun (5191) - The Undervalue Gem for Penang Property Stock Gold Rush with ColdEye FongSiling 冷眼