sifu what rebalancing you referring to?

https://research.rhbtradesmart.com/report/43405/kelington-group-smic-setback-turning-cautious-still-sell.html

i just happen to saw rhb's report... see kenanga cut tp without any explanation despite saying prospect is good.. u know something is wrong la...

not here to argue with what u wnna believe, but these crap lies definitely moving the market..

rhb

if they lose something that they are so confident in winning... gl on the other contracts...

they loss smic contract...

raise sukuk, die lo

https://www.bloomberg.com/amp/news/articles/2021-01-07/soaring-shipping-costs-could-curb-china-s-export-boom

huat ah NTPM

yet another low quality post from KYY

ceo kaput

"Now with Biden winning the US presidential election, such sentiment overhang is cleared. More so as the Democrats have not gained full control of the Senate, making harsh policies on China tech companies difficult to be imposed. "

What is this guy smoking???

Overhang cleared meh? Democrats also got no full control of senate. and then again I think he meant republicans in his second sentence

gpm 6% to 17% is not +11%, its +11percentage point or 11ppt

change owner lu most probably

lol//

Where IB got this information if this information is not given by the listed companies?

wow very good picks from rhb
20 picks with 17 in green territory (Dufu in red due to bonus issue)

no win construction project??

Hi Phillip, how did you get rm360m in next 4 years?

MYR3.7m net profit supported by MYR3.9m unrealized fx gain....

lari before short selling resumes!

rip rip rip

why did you use RoE as Re? wrong

Hi Phillip,

"the expected 20 million of earnings per quarter from lrt3 progress claim and the 5 million per quarter from mrt2 progress claim comes online."

Could you highlight on how did you get these numbers?

If these are EARNINGS per quarter, effectively per annum you're expecting:
80m earnings from LRT 3 progress *50% JV (just to be conservative, I take the 50% that belongs to MRCB out) = 40m
and MRT3 = 20m

That's a forecast of 60m without considering the construction and water division. and if they can achieve 60m for FY21, they will have a P/E of 5.5x and lower if you take into account the other revenue...

I'm still learning.. if you could share some thoughts that'll be great.

>>>>>>>>>>>

Philip ( what you can learn from RJ MITTE ) That is not altogether unreasonable. I believe if you buy the shares today and also at my buying price of 46 cents, the dividends will be safe once the expected 20 million of earnings per quarter from lrt3 progress claim and the 5 million per quarter from mrt2 progress claim comes online.

Here are facts:

1. lrt3 and mrt2 and the 2 hospitals are still running, meaning contracts and their orderbook are firm. Prime minister has already guaranteed payment as these 2 mega projects are feeding thousands of contractors and workers. Hospital handover and final claim + 2 year retention (5% of 500 million project is around 25 million of balance profit) incoming.

2. Lrt3 progress billing was delayed, not cancelled. It will achieve 45% completion by 2020, a huge progress.
https://www.theedgemarkets.com/article/mrcbgeorge-kent-aims-complete-o...

3. Gkent main water business is still running on all cylinders with demand more than supply.

4. Gkent is buying back shares aggressively, gkent current outstanding shares dropped from 563 million to 538 million outstanding. I expect gkent to end share buyback around the 500 million nosh mark.

5. Gkent has huge cash load with a history of paying dividends. It paid sustainable dividends, paying out 40 million of 80 million. I believe until 2024 this will be sustainable.

As a reasonable assumption, I receive around 60k in dividends per year from QL. I spent 200k in 2009 buying ql shares, and in total with real cash, dividend reinvestment etc I have put in around 850k into QL. So if I told you that on a cost basis my QL investment gives me 7% dividend every year, would you believe me or consider it an unreasonable assumption.

Always look to the future, not the 6 months and 1 year future. But at minimum 3 years and beyond. Then you can consider yourself really investing, rather than just playing with stocks.