Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study


Saturday, January 16, 2010

PJI Unit Gets RM30.6 Million Contract From Blackstone Seven

PJI Unit Gets RM30.6 Million Contract From Blackstone Seven

KUALA LUMPUR, Jan 15 (Bernama) -- PJI Holdings Bhd's wholly-owned subsidiary, Kejuruteraan Trolka Sdn Bhd (KTSB), has secured a RM30.66 million contract from Blackstone Seven Sdn Bhd for piling and building works.

In a filing to Bursa Malaysia, PJI said the contract was for the proposed commercial building project in Kelana Jaya, Selangor.

It said KTSB would be the main contractor for construction works of the proposed project.

"The project is expected to enhance the earnings but not expected to have any significant impact on the net asset per share, gearing and share capital of PJI," it said.

-- BERNAMA

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