It was reported that this follows the Cabinet's decision to terminate the underground work contract of the MRT2 with MMC Gamuda KVMRT Sdn Bhd, a joint venture between Gamuda Bhd and MMC Corp Bhd.

that's why tomorrow potentially another gap down...

probably closed circa 2.30

just like myEg, 3 limit downs?

anything from our economic planning Minister....macam lepak saja

typical straight arrow accountant

LOL

another gap down is possible...….

if Gamuda loses the package and theres no new mega project, it will be doomed to become a penny stock

LGE has no economic foresight at all....

to kill off the Malaysian construction industry?

maybe Gadang has chance for a bigger slice of MRT2

not many local but foreign companies ...yes

if Gamuda loses the whole package, its finite for Gamuda for years to come...……...

92% of orderbooks....ooops. definitely a loss coming Qs

The Ministry of Finance announced yesterday that the Government has terminated MMC-Gamuda’s contract to build the underground portion of the MRT Line 2 (KVMRT2) after the two parties failed to reach an agreement. This came in as a negative surprise as we believed earlier that the underground works, together with the above ground works, to be scaled down rather than outright cancellation. The KVMRT2 underground works constituted RM5.5bn or c.92% of the Group’s outstanding ordebook of RM6bn, which would adversely impact Gamuda’s construction earnings in the near term with the cancellation and absence of new jobs.

50% of orderbook gone?

so the only choice now is a foreign company....defeat the local content perspective

maybe another gap down again after fund managers process data

how much is Gamudas orderbook minus 16 bil?

wow shaved off 16 bil….no wonder fall until mother cannot recognised

I think RM2 will be more comfortable in term of risk reward...how much shaved off? 1 billion or more?

lower revenue, how to maintain div payout?

more impairment to come in the following Qs.

PH don't play ball...gave up water concession but hammered on LRT2 also

more 5% of capital turnover, wont be going anywhere fast...…….

gap down monster...worse is to come before better

no hurry, likely to revisit low of RM2.30 before bouncing up. Wait for analyst rerating downwards

PH causes more disruption to the stock market than BN ever did in 60 years...LOL

gradually sinks

no selling volume

hopefully oil will reach usd100 by Jan 2019, then more exploration activities would be in place....

Armada earnings are expected to be positive in future Qs, its also a gradual improvement. hanging around 5 year low, believed upside more than downside.....I am sure the management would embark on new projects soon...the next steps

Is there any reason to run? oils usd86 expected to be usd90 in Nov...it would be a gradual climb

liquidating umno assets?

shutdown and high oil price are negatives...why the surge in price?

affected by dumping from China

its shaking off the weakholders to take out the resistance of 60/62...normal

run....

good news is coming....

hungry. maybe zaba zaba is on.....

AA will suffer from high oil price

probably reach 59/60 today

the wastage is incredible especially with additional production lines coming onboard....what for?

inventory too huge until it rots. clearly sales is withering

whats next? Operator will make retailers chase stocks

another roadblock taken out....

almost breakout mode

QR should be better logically....can go in …..no more selling pressure

kerbau sudah datang

84% buy rate....exciting