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anyway last time psp said that they are planning to develop a bunkering hub at Tanjung Bruas Port in Melaka, including a jetty and approximately six megalitres of fuel-storage capacity
That Tanjung Bruas bunkering project sounds promising but the execution speed really needs to catch up before investors lose their patience. Building all that fuel storage infrastructure is a heavy play so we just have to see if they can actually deliver the volume they promised.
The volume is really picking up now, confirming that the momentum is definitely building for a strong recovery. If we stay patient, we are definitely on the right track to hit that 0.115 target soon.
Steady lah, the long-term fundamentals for PSP Energy still look quite solid for those with patience. Just wait for the smart money to enter, then we can see that share price fly high together.
If this counter can hold above the 0.150 support level, the momentum will definitely pull more buyers into the market. Watch the volume closely because if the breakout sustains, the upside potential for this week is looking very solid.
PSP Energy has serious potential to huat big time once their new projects kick in. Just steady pom pi pi and hold tight because the long-term growth outlook looks very solid.