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, May 25, 2012

Scomi: 4-car trains on track

SCOMI Rail Bhd will deliver the first batch of four-car trains for KL Monorail to Syarikat Prasarana Negara Bhd by year-end.

Its unit, Scomi Transit Projects Sdn Bhd, won a RM494 million contract from Prasarana in November last year to supply 12 sets of four-car Generation 2-type trains for its KL Monorail fleet expansion.

The contract is also to upgrade the existing monorail stations as well as the electrical and mechanical system, and build a new depot.

Read more: Scomi: 4-car trains on track

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