CGS-CIMB has “add” calls for YTL Corp with a target price (TP) of RM1.91, MCement with a TP of RM5.55 and HSS Engineers with a TP of 80.8 sen

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Shortlist of HSR frontrunners just market sensing, parties to start on clean slate — CGS-CIMB
Shortlist of HSR frontrunners just market sensing, parties to start on clean slate — CGS-CIMB
By Anis Hazim / theedgemalaysia.com
13 Sep 2023, 02:18 pm
main news image
KUALA LUMPUR (Sept 13): The shortlisting of companies prior to the sale of the request for information (RFI) documents for the revived Kuala Lumpur-Singapore high-speed rail (HSR) project was just a market sensing exercise and "all parties now start on a clean slate", said CGS-CIMB.

The five companies that were believed to have been shortlisted include YTL Corp, MMC Corp Bhd, Malaysian Resources Corp Bhd (MRCB), WCT Holdings Bhd and Berjaya Land Bhd (BLand), said the research house in a note on Wednesday.

So far, almost 30 firms have submitted a request to purchase the RFI documents, while the project will be via a design-finance-build-operate transfer (DFBOT) model with the asset to be handed over after the concession period.

These were some of the key takeaways from a luncheon CGS-CIMB had hosted for clients and key management of MyHSR Corp Sdn Bhd, which is responsible for the development and implementation of the proposed HSR.

As the project is currently in the RFI stage, CGS-CIMB said that several details such as the structure of the HSR, potential cost, land acquisition, transit-oriented development (TOD) at its stations and timeline, still remain unanswered.

“In our view, the key is obtaining the buy-in from Singapore and resolving issues in the past, such as the AssetCo structure and linking the terminus of the HSR in KL to the ERL,” it said.

However, Prime Minister Datuk Seri Anwar Ibrahim recently quoted saying that the Minister of Transport will engage with Singapore after the government decides the way forward for the project subsequent to the completion of the RFI.

CGS-CIMB maintained its “overweight” stance to the construction and materials sector, anticipating a potential rollout of larger-scale projects stemming from the HSR.

The research house said that MyHSR Corp also touched on potential overlap of the HSR alignment with the Gemas-Johor Bahru (JB) double-tracking rail and pointed out that the HSR will serve different corridors and target different customers.

“The HSR will be more for business travellers who value time while the medium-speed double-tracking line caters to the more price-conscious. At a later stage (Phase 2), the HSR may also extend to Bangkok,” it said.

In terms of land acquisition, CGS-CIMB noted that the state (Johor) may also acquire land which is deemed beneficial to the economic development of Malaysia.

CGS-CIMB has named YTL Corp Bhd and its 78.6%-owned subsidiary Malayan Cement Bhd (MCement) and HSS Engineers Bhd as the top beneficiaries from the HSR’s revival, according to a note on Wednesday (Sept 13).

“YTL could be a front-runner given it was the original HSR promoter in 2008-2009 and was in 2018 appointed as project delivery partner (PDP) for HSR’s southern section, its experience in running the express rail link (ERL) and construction of Gemas-Johor Bahru double tracking, its cement arm MCement provides synergistic benefits,” it said.

CGS-CIMB has “add” calls for YTL Corp with a target price (TP) of RM1.91, MCement with a TP of RM5.55 and HSS Engineers with a TP of 80.8 sen.

Meanwhile, key downside risks would be political instability and rising raw material costs and labour.

KUALA LUMPUR (June 26): Radium Development Bhd on Monday (June 26) officially launched Desa East Residence in Sungai Besi, Kuala Lumpur. The residential development carries an approximate gross development value (GDV) of RM1 billion.

PAVILION INTEGRITY SDN BHD (SUBSIDIARY OF PLATINUM VICTORY)

old version is the best

30-Jul-2021 Audit Committee Member of Audit Committee Resignation - DATO' DAYANG FATIMAH BINTI JOHARI on 31-Jul-2021.
30-Jul-2021 Board Member Independent Director Resignation - DATO' DAYANG FATIMAH BINTI JOHARI on 31-Jul-2021.
30-Jul-2021 Nomination Committee Member of Nomination Committee Resignation - DAYANG FATIMAH BINTI JOHARI on 31-Jul-2021.

wonder what happened here

EcoFirst 4Q net profit surges over 600%

Announced Name Q Q Date Net Profi Profit % EPS
29 Jul ECOFIRS 4 2021-05-31 15,947 ↑660.1% 1.93

accumulate chips now to fund my future musangking kebun hehehe

wow look at that price action ... afternoon LU possible

since listing in 2005 tafi has not moved at all.........
until today.........
is tafi the next stock of the year ????

surprised this stock is trading so tight today

accumulating again and again

that day i was thinking wow this stock so high dy how to buy
now i see again, really no highest , only higher .

the future is here, dnex gogogo

still can jump on ship ?

wow

covid situation not getting better , tough times for genm

status quo la what increase demand

year of jaks 2021

bought some , hope will spike in time for new year !

Up up up

can expect seejovin "analysis" today since up ? super bull back and ready for charging after taking a rest ?

hehe . ikan bilis cannot fly aax so want sit vivocon international flight to holland

so many other company out there , y want to play vivocon
can have wat announcement so good , rights issuance to deep fry ikan bilis ?

since green today , seejovin will write report again con ppl say chart show time to accumulate and rest for future battle but ever ready take flight !!!

u think n see if flight to holland or not

seejovin just another scammer , wat support , all support is bodo geng ikan bilis

seejovin will say this is healthy n SUPERBULL IS RESTING FOR NEXT RUSH !!!

summary for seejovin report , he is trying to con ppl again by using index as basis of conparison to vivocon . stupid ikan bilis wake up . y getting fry alive but still trust ?

i want extra income too , pm pls

clear picture..

for bintai..

===================
chief999 re: Paktua,

This is for Bintai only or for both Bintai & Solution?

"paktua set..
stage 1 = rm1 (pass)
stage 2 = rm1.50(on track)
stage 3 = rm2.20
stage 4 = rm2.80
stage 5 = rm5 (by april 21 a head)


tut tut
please do own home work"
04/12/2020 11:15 AM
=====================


tut tut
solutn trend still follow same pattern with supermx on early stage rally

i ikut sama paktua !!

early tis year i bought 4.6 , now still holding , tis good fundamental , huat huat for long term investing

why all ikan bilis still believe seejovin and let con ?

today v shape is seejovin smile when all kena con AGAIN . who believe seejovin only do TA ? profile only write about vivocon but bursa got 930 other plc , seejovin conlanfirm help operator like mrbursa con ikan bilis .

giinyang520 i hold since 2019 Feb bro ! Let the game continue
03/12/2020 4:30 PM

wow ur balls bigger than kfc bucket

lamching Seejovin is boy or girl ?
03/12/2020 4:35 PM

not sure . maybe ah gua . my short TA :
creative ' analysis ' con ikan bilis = like girl , use push up bra show half biji con boys , when is all flat flat
thick face skin use big word no admit wrong = like boy when try to get girl, use big word like SUPER BULL , MOMENTUM , ASCENSION , STEADFAST but all maybe use google find words

and so many more . hard to confirm .

wat i can conlanfirm is tis ah gua
when up say SUPERBULL
when no move say STEADY
when down say ADJUST IS HEALTHY
when limit down HILANG

now still wan con poor ikan bilis

karma or gangsters pls find tis ah gua soon...hehehehe

bought in at 5 sen small lot . cut loss at 4 sen is ok la

paktua please continue give recommend kita sama2 huat ahhhhhh

bintai really bin tai !!!! huat ahhhhh

not sure if will cont go up or not , but i m sure i took profit cao d

nobody found seejovin real life picture and info yet ? if got pls pm , maybe can make profit sell to gangsters hehe...

any1 still reading scammer seejovin creativity reports ? say SUPER BULL then now say SLOW and STEADY... wat is next , CRAWL and BEG ?
wish all losers can break even

vivocon same free float as tis . but got assets when vivocon got nothing . how ar . sharks smell blood will come ?

terbang ?

nei sek tiu tit meh this vivocon wait drop onli la .

vivocon second coming , all ikan bilis if no money play wif sharks pls dun join later kena catch again at high floor

Dk pls add me ya bro

Pls continue SO WHAT paktua

tp is 0.5 wow yeke bro

wow why trading volume so high today

those that talk about fundamentals of this counter pls wake up