MCE Holding - Forming a cup and handle -something is brewing ?
if succesfully break 1.81, eyeing 2.10 next
So, finally the new entrance of strategic investor materialised as explained in the recently interview in BFM.
bfm.com.my/podcast/m...o-protons-resurgence
The MD disposed about 17.43% @2.50 per share to this new strategic investor and maintained a 3.08% of share to observe the partnership of new strategic investor. Certainly, a big plan is on the card.
Apart from supplying autoparts to Perodua, the MoU with MARii indicate that the company is ambitious to tap into EV markets leveraging on its current capabilities in the sensors and auto-camera segment.
www.reuters.com/comp....KL/key-developments
Stay watching for more updates
** Please note that this is not a buy/sell recommendation.
** The shares float is rather small so trade at your own risk. Buy on dip preferred.