MUHIBBAH ENGINEERING (M) BHD
Observation from Chart:
MUHIBAH have been retrace down from Rm1.90 till Rm1.70 support level (MA20)
Everytime retest MA20 level, it will rebound.
If future retrace down, it might retest RM1.59 & RM1.52 level.
If rebound, it might retest RM1.90 resistant level.
As today, Jan 26, MUHIBBAH ENGINEERING (M) BHD announced:
AWARD OF CONTRACT FOR ENGINEERING, PROCUREMENT, CONSTRUCTION, INSTALLATION AND COMMISSIONING (EPCIC) ALLIANCE FOR THE LNG REGASIFICATION UNIT, ISLAND BERTH AND SUBSEA PIPELINE OF THE LNG REGASIFICATION PROJECT BY PETRONAS GAS BERHAD
Contents : The Board of Directors of Muhibbah (“the Board”) is pleased to announce that the Company in consortium with Perunding Ranhill Worley Sdn. Bhd. (“the Consortium”) has been awarded the contract for the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) Alliance for the LNG Regasification Unit, Island Berth and Subsea Pipeline of the LNG Regasification Project from PETRONAS Gas Berhad (“PGB”) (“the Contract”) on 26 January 2011 for a provisional contract value of approximately RM1.07 billion.
Let watch closely for the rebound opportunity...
Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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