THETA 9075 THETA EDGE BERHAD gearing up for Jendela Phase 2.0 ?
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The
recent market is volatile and trading in thin volume. With the state
election coming up in August, many investors will perceive this moment
as risky and will not get into big positions to invest. However, some
investors will see this as a window of opportunity to get good deals.
One of the major government project that will be announcing soon will be the Jendela phase 2.0, which will be slated on 3q 2023
Jendela
Phase 1.0 had a budget of RM 28 billion. For Jendela Phase 2.0 will be
more on 5G, and the budget will be finalized later on.
Theta
Edge is one of the appointed contractor for the Jendela Phase 1.0
project. The total project site won by Theta is 221 location, worth RM
154 million.
With
the timely and good delivery for Jendela Phase 1.0, the existing
contractor involved in the phase 1.0 will have a bigger chance to be
appointed for phase 2.0.
Furthermore,
one of the uprising player - Opcom, had terminated it's agreement with
Global Forway. This will indirectly give the existing player to get a
bigger pie for the phase 2.0.
The other running listed contenders for the Jendela phase 2.0 could see OCK, Mestron, Handal.
Based
on the previous sizable contract won by Theta, it is a good reference
to bet on another sizable contract from Jendela phase 2.0 by Theta.
Theta
is a subsidiary of Lembaga Tabung Haji, and in turn, Lembaga Tabung
Haji is under the purview of PMO department. It will be crucial for the
current unity government to ensure that Lembaga Tabung Haji will be able
to secure the interest of muslim hajj contributors in the long run.
Technical chart of Theta is looking for a break out after a 1 year consolidation.
IMPORTANT NOTICE
Please
be informed that I am not a professional or certified analyst. I am not
a licensed consultant, just a normal retail investor. I am just sharing
my ideas and opinion on the market outlook. Any company mentioned
should not be interpreted as a buy/sell/trade call. Please do your own
research and buy/sell/trade at your own risk.
Blog https://targetinvest88.blogspot.com
Telegram https://t.me/targetinvest88
https://targetinvest88.blogspot.com/2023/07/theta-gearing-up-for-jendela-phase-20.html
https://targetinvest88.blogspot.com/2023/07/theta-gearing-up-for-jendela-phase-20.html
