With the recent hype of construction stocks pre ECRL announcement, the announcement has finally been announced and the project is up and running again.
Since December 2018 to April 2019, the construction index has increased by approximately 41.1% before some minor retracement 2 days ago.
Most of the construction stocks have had their fair share and have been on the uptrend since December 2018.
Ekovest +49.4%
Mitra +80.4%
Gamuda +49.5%
Gbgaqrs +99.3%
Gkent +73.5%
WCT +45.5%
The only construction laggard is VIZIONE which has only moved a mere +22% since December 2018.
After the much awaited ECRL announcement, the next focus of the nation will be on the Penang Transport Master Plan (PTMP). Vizione will be one of the main beneficaries of the PTMP.
Vizione currently has a huge order book of about RM 4 billion which will keep the company busy for the next 5 years.
The Managing Director, Dato Ng Aun Hooi, sees the need for Vizione to achieve a market capitalisation of RM 1 billion.
As of 12 April 2019 closing, its market capitalisation stood at RM 565 million.
Secondly, Dato Ng has also been purchasing its shares (5,089,400 shares) since October 2018 at an average price of RM 0.93.
There was sudden surge in interest in the counter on Friday which saw the price moving from 98 sen to RM 1.01, with its highest of RM 1.04.
With the end of the hype of ECRL, let's focus on the next mega project - the Penang Transport Master Plan (PTMP).
The only construction laggard, VIZIONE, which have been on an accumulation stage will be the next MOST FOCUSED CONSTRUCTION STOCK.
https://klse.i3investor.com/blogs/128Huat/202224.jsp
