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

Friday, April 15, 2011

Johor MB approves Mastel-KUB RM1.23b intra-city commuter train service plan

KUALA LUMPUR: The Johor government has approved the proposed RM1.23 billion intra-city commuter train service in Iskandar Malaysia, which would involve 100km rail network.

Menteri Besar Datuk Abdul Ghani Othman had on Friday, April 15 given the approval to Metropolitan Commuter Network Sdn Bhd - a joint venture between KUB MALAYSIA BHD [] and Malaysia Steel Works (KL) Bhd (Masteel).

A joint statement by Iskandar Regional Development Authority (IRDA) and Metropolitan Commuter Network said the intra-city train service would involve the building of seven new stations and 16 halts connecting all major suburbs in Iskandar Malaysia.

The commuter service would cover over 100km of rail network and serve all major upcoming Tipping Point developments such as the Johor Premium Outlet, Legoland Malaysia, Educity, Hi-Tech Park-Senai, and Lake Hill Resort City.

Read it in The Edge

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