Monday 16 January 2017

Matang. Tuesday.

Is a current top ten house music hit for Burak Yeter.

Tuesday is today, the day in which the MCA backed Matang Holdings Bhd, finally makes its debut on Bursa Malaysia.

Talk in town is MCA via it's investment arm shall be buying from the open market to consolidate its position in Matang.

There is no doubt, this stock is RED hot, and it should give life to other smaller plantation companies such as TDM.

The spot light though will be on Matang. If MCA's Matang can deliver, do expect UMNO's Felda, not to be that far behind.

After all, 2017 is said to be an election year, and MCA, will certainly not allow, whats left of its support amongst the Chinese community to face a sour Chinese New Year .

For that reason alone, Matang can be expected to run for the whole week, with the cash out coming on Friday, as investors might take out some money for the New Year.