Tanco Holdings Berhad (2429) had delivered a staggering 232.2% YTD return to investors, a significant outperformance as compared to the benchmark FBMKLCI. Tanco Holdings had successfully breached our key resistance levels of RM1.80 and RM1.95 respectively, and is now trending to the critical resistance level of RM2.00. We still see strong buying interest over the company, and we revised our latest target price to RM2.20 based on ...
Despite the naysayers in the market,$TANCO (2429.MY)$had successfully breached our previous target of 1.50 (R1) and 1.80 (R2) levels. We see the stock to continue growing strong towards the 2.00 (R3) dream, with an immediate support of 1.80 (S1). However, with the EMA/MA customised indicators together with the Bollinger Band consolidating, there is no going back for Tanco Holdings except going North. Remained “BUY” rating for Tanco Holdings.
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Not really sure what happen, guessed banker washing to get cheaper tickets? First 5 minutes dropped 18% with volume 3.08M, next 5 minutes uo 18% with volume 500k. Any master can shed lights and explain?
Tanco Holdings Berhad has long been a prominent player in Malaysia’s infrastructure and development landscape. With the announcement of its potential development and operation of a 480-acre landbank with capacity to fulfil 10 million Twenty-Foot Equivalent Unit (TEU) container port, the company’s valuation dynamics could undergo a transformative shift. But how exactly would such a large-scale port impact Tanco’s worth, and what do...
$TANCO (2429.MY)$The thing with Tanco is they just can’t seem to consistently pull off a positive operating cash flow. Their debtor and inventory turnover are through the roof, which pretty much means most of their cash is stuck in receivables and inventory.
The recent announcement of Cash Upfront requirements for Tanco Holdings Berhad, along with another company, has sent shockwaves through the market, sparking a wave of panic selling across the board. However, despite the sell-off, Tanco Holdings’ share price has demonstrated resilience. The stock closed at RM1.200, marking only a 9.77% drop, even amid significant selling pressure. This shows that the market still sees potential in the company, unlike other ...
TANCO Stock Forum
Tanco Holdings Berhad (2429) had delivered a staggering 232.2% YTD return to investors, a significant outperformance as compared to the benchmark FBMKLCI. Tanco Holdings had successfully breached our key resistance levels of RM1.80 and RM1.95 respectively, and is now trending to the critical resistance level of RM2.00. We still see strong buying interest over the company, and we revised our latest target price to RM2.20 based on ...
Remained “BUY” rating for Tanco Holdings.
But how exactly would such a large-scale port impact Tanco’s worth, and what do...
Bursa Malaysia ended the trading day in the red, with $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ falling by 0.26% to close at 1,598.18. The benchmark index faced selling pressure from heavyweights in $Bursa Utilities (0065I.MY)$, $Bursa Finance Services (0010I.MY)$, and $Bursa Consumer Products & Services (0001I.MY)$ sectors. Trading activity saw a total volume of 2.72 billion shares valued at RM2.44 billion, reflecting c...
However, despite the sell-off, Tanco Holdings’ share price has demonstrated resilience. The stock closed at RM1.200, marking only a 9.77% drop, even amid significant selling pressure. This shows that the market still sees potential in the company, unlike other ...
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