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No doubt MRCB has other projects on hand, but the main catalyst for the recent rally, in my opinion, has been the HSR theme. Loke already announced that HSR will not commence in 2024. He made the announcement on 1 Feb.
Then on 2 Feb, MRCB opened gap down and closed the day down 5.38%. Many I believe has taken profits after the news broke.
No doubt MRCB still has potential moving forward especially now the economy is recovering. I will wait to enter again when opportunity comes. Just my 2 cents.