Never stop study stock market. It had been 4 months since I sold MUDAJYA 5085. Its stock price went up to RM4.10 on 11 November 2009. Up more than 5% intraday. Why? It announced good 3rd Quarter with nine-month net profit 75.844 million. How much did I earn? Nothing. I did not buy back Mudajaya stock after sold it at RM2.00. This is the stock that I regretted most…

Never sell a good stock and don’t buy back. Make sure you buy back at attractive price again after you sold it. Hmm… I still have issue that cannot keep stock that don’t have previous historical high like Mudajaya. I need to change this bad behavior soon.

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I owned MUDAJYA 5085 last 2 weeks. I sold it at RM2.00 which I thought was good price. However, I was wrong…

A sharp increase in stock price

MUDAJYA 5085 performed better than expected. The stock price increased 50% in 5 days (just after I sold it. ) Well, is MUDAJYA going too far already? Nope, based on OSK Research. It revised MUDAJYA target price to RM4.06 on 6 August 2009. If this is real, MUDAJYA still have lot of up side to go.

What do you think? Buy it or hold on because the sudden 50% price increase is too much already…

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Yup. Mudajaya Group Berhad is a bright new star for me. Don’t know why that it caught my eyes and make me to invest on this Construction & Engineering stock. Anyway, I own some of it now ~ a very little. OSK Research made a buy call with target price of RM2.13 (up from RM1.90) and S&P Equity Research made a strong buy call (since February 2008) with RM2.20 from RM1.80. These research firms revised the upside target price so many times. Will MUDAJYA 5085 stock price still go up? Yes, definitely! But how much, that’s the question…

MUDAJYA 5085 stock price from June 2009

Guess what? Mudajaya Group Berhad just got another new project. See below announcement taken from Bursa Malaysia…

The Board of Directors of Mudajaya is pleased to announce that Mudajaya Corporation Berhad, a wholly-owned subsidiary of the Company has on 28 July 2009 been awarded a contract for the construction of a hospital in Pahang for a total contract value of RM75,388,000.00 (“the Project�) by Mudajaya-Takdzim Joint Venture, which was awarded the said project by Takdzim PMC Sdn. Bhd. on 27 July 2009.

Back to the question, how much can MUDAJYA 5085 go up? The price is RM1.79 as at 29 July 2009.

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