MRCB: The Sungai Buluh Project

Out of the blues,the MRCB shares shot up some 21 sen in the morning but slided to 13 sen by the noon close. I  think it  should close up 10 sen by the end of  trading day as the market digest the probability of the speculative news.

Some 39 million shares was briskly traded in the morning hours . Speculations is rife that the property developer would benefit from a plan by its biggest shareholder - the Employees Provident Fund  in a  joint venture with the government to develop 3,000 acres of land in Sungei Buloh.

Let's keep our ears on the ground for more positive news.