Ever wonder why attempt 1, by IJM, and attempt 2, by WZ One, to buy up the highway have failed? Bondholders knows best and they are shareholders last defender. Why these parties wanted to buy the highway? Are they eyeing to privatise it, list it or resell it for a huge profit? Here, it is clearly telling us, the highway is worth some money, a good loads of money! Please also study the recent divestment of 40% stake in DUKE highway to EPF by Ekovest, your brain will know how much is the reasonable price for Silk highway. To those who scrutinise the account closely, all knew that the highway revenue is enough to meet financial obligations and will not default.
As for oil and gas, it is a 70/30 joint venture between Trg gov and Jasa Merin. It has not been doing well for a while but will be fine soon once oil and gas market rebounded through joint effort between Opec and Russia led non Opec pact to curb the glut come Nov. Free cash flow from highway operation should be enough to meet all financial obligation under Jasa Merin, thats my wild guess..... come someone work out the numbers?
Stock: [M&G]: MARINE & GENERAL BERHAD
2016-10-11 17:03 | Report Abuse
Ever wonder why attempt 1, by IJM, and attempt 2, by WZ One, to buy up the highway have failed? Bondholders knows best and they are shareholders last defender. Why these parties wanted to buy the highway? Are they eyeing to privatise it, list it or resell it for a huge profit? Here, it is clearly telling us, the highway is worth some money, a good loads of money! Please also study the recent divestment of 40% stake in DUKE highway to EPF by Ekovest, your brain will know how much is the reasonable price for Silk highway. To those who scrutinise the account closely, all knew that the highway revenue is enough to meet financial obligations and will not default.
As for oil and gas, it is a 70/30 joint venture between Trg gov and Jasa Merin. It has not been doing well for a while but will be fine soon once oil and gas market rebounded through joint effort between Opec and Russia led non Opec pact to curb the glut come Nov. Free cash flow from highway operation should be enough to meet all financial obligation under Jasa Merin, thats my wild guess..... come someone work out the numbers?