Posted by soojinhou > 2016-08-31 06:16 | Report Abuse

Transparency is a problem with mudajaya. They didn't elaborate on the Phillipines wind farm depreciation, just like they say nothing about the Indian IPP in the previous quarterly report.

Posted by Flintstones > 2016-08-31 07:05 | Report Abuse

Yes transparency is a problem. Based on the few quarterly or annual reports that I read, the management reveals very little or none at all about the power plant business. That in my opinion is unacceptable as the company has invested millions of shareholders money into a venture that has yet to turn a profit. Mudajaya will start selling electricity from October. If it manages to turn a profit, Mudajaya will be rerated.

Posted by Ricky Kiat > 2016-08-31 07:13 | Report Abuse

thanks for sharing, yistock. mudajaya still need some time for turnaround.

Posted by PriyankaC > 2016-08-31 08:32 | Report Abuse

Mr. Kang Boon Beng
Chief Financial Officer
E-mail: boonbeng.kang@mudajaya.com

Mr. Benjamin Lim
Investor Relations & Corporate Affairs
E-mail: benjamin@mudajaya.com

Mudajaya Group Berhad
Level 11, Menara Mudajaya, No. 12A, Jalan PJU 7/3, Mutiara Damansara
47810 Petaling Jaya, Selangor Darul Ehsan, Malaysia
Tel: 603-7806 7899 Fax: 03-7806 7901, 7806 7900

Posted by PriyankaC > 2016-08-31 08:38 | Report Abuse

YiStock, Sir kindly do us a favor to contact the management and get clarification on why the need to impair the Philippines wind farm and whether the depreciation of the Indian power plants is just for current months after COD or accumulated. Thanks

Posted by GG3261 > 2016-08-31 11:33 | Report Abuse

forget about it lah....
since there are so many thing that we catch no ball
why waste time on the stock that there are so many thing so many sifu can not understand

Posted by 400523 > 2016-09-01 14:30 | Report Abuse

There is a valid reason to reduce asset value by depreciation...do not be fooled by "non-cash".

Posted by YiStock > 2016-09-01 15:11 | Report Abuse

non-cash mean no bleeding.

Posted by Up_down > 2016-09-01 15:44 | Report Abuse

Not to worry of non cash flow items. Good news is the India power plant just started COD.

Posted by limweebeng > 2016-09-01 19:47 | Report Abuse

COD started on March 2016. But no money is collected. It just like you build a house, but not collect single cents due to you not able to sell/rent the house immediately. For me, it is a bd news.

Posted by Alfonso > 2016-09-03 16:03 | Report Abuse

Therockiscooking@mudajaya.com

Posted by limweebeng > 2016-10-06 21:29 | Report Abuse

Yistock, do you still holding this counter? Just wonder why this company like to loss money. What's management thinking? Always cry for selling power plant when got loss.