source: [Bonescythe Stock Watch]
Pesona - Of Bridges and Roads
While the market had been on the hype with the recent oil and gas awards and contracts from Petronas, the local market had continue to see more interest in splashing hot money to the oil and gas counter with the likes of Puncak, Barakah and SKPetrol which are the designed winner for the T&I projects. While our nation move forward in developing towards a high income nation, equipped with better infrastructure, the local construction company which is closely linked with the government are in the high notes for the incoming projects from Putrajaya.
From highway to river, highrise to low rise building, Pesona Metro Holding Berhad, through the RTO of Mithril Berhad had came to light in the KLSE market and had since been performing.
Under Pesona Metro belts are services like ranging from construction business on both buildings and infrastructures, medium to high-rise buildings, roads, bridges as well as heavy civil engineering works which includes refurbishment of river and dams.
Pesona had gained famed on their latest undertake of the revitalization of Melaka River, which had brought value the places beside the Melaka River.
- 1 Block of 16 storey office tower at Jalan Inai, KL.
- 126 units Sastra U-Thant Luxury Condominiums at Jalan Ampang
- ECER road works at Federal Highway, Central Spine Road.
- Design & build of a bridge across Landasan Keretapi Jalan Pelabuhan, Klang
- Proposed construction and completion of the remaining and rectification work of Government office building in Putrajaya
- Proposed Construction and completion of government building complexes in Johor Bahru.
From highway to river, highrise to low rise building, Pesona Metro Holding Berhad, through the RTO of Mithril Berhad had came to light in the KLSE market and had since been performing.
Pesona had gained famed on their latest undertake of the revitalization of Melaka River, which had brought value the places beside the Melaka River.
With their latest prominence, Pesona is standing good in their book orders which comprises of good government pay master on the contracts which consist of:
- 126 units Sastra U-Thant Luxury Condominiums at Jalan Ampang
- ECER road works at Federal Highway, Central Spine Road.
- Design & build of a bridge across Landasan Keretapi Jalan Pelabuhan, Klang
- Proposed construction and completion of the remaining and rectification work of Government office building in Putrajaya
- Proposed Construction and completion of government building complexes in Johor Bahru.
The group had been managing well under the helm of Mr Wie Hock Beng, it had been forecast that more projects will be kicking in the coming days as the recent monsoon season had saw many infrastructural damages in the affected area. Pesona Metro is high possibly in the line to redo the river bank and roads from the damages of the flood and the upcoming prevention method in the northern region of Malaysia.
With the latest award of Best Contractor for 2013 under category exceeding RM 50m in the infrastructure sector, Pesona is on the high notes to strike more government projects in the coming days.
At the technical side of Pesona, we can see a series of consolidation on price and volume for the past 2 to 3 months. However as of lately, Pesona had regained activities where substantial amount of interest had been poured into the company. Pesona had been rumored in obtaining several government rebuilding and refurbishing contracts that could worth up to RM 300m into their book order. A quick technical outlook will be looking at Pesona breaking the psychological barrier of RM 0.50 in the coming day with a projected volume of more than 20m in the coming days.
At their current book order and the upcoming projects, Pesona might be looking to trade above 50 cents with a foreseeable longer term target of RM 0.60. A short term outlook will see an appreciation of 10% in Pesona which will put them at RM 0.55.
For more reference
short term TP: RM 0.55.
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