Posted by calvintaneng > 2019-03-09 11:24 | Report Abuse

ECRL revival a boon for Lafarge — Affin Hwang
Author: savemalaysia | Publish date: Fri, 8 Mar 2019, 12:23 PM

KUALA LUMPUR (March 8): Lafarge Malaysia Bhd is seen as a beneficiary of the East Coast Rail Link's (ECRL) potential revival because the cement manufacturer had earlier won contracts under the project, Affin Hwang Investment Bank Bhd said today.

Lafarge, which saw its shares surge as much as 30% yesterday to hit limit up, said it had no idea what might have caused the sudden price jump.

It said this in a filing in response to Bursa Malaysia’s unusual market activity query yesterday, after Lafarge’s shares climbed as much as 60 sen to RM2.60.

Affin Hwang analyst Loong Chee Wei wrote in a note today the ECRL project may be revived but at a lower cost than the initial value of RM55 billion.

"We understand that the government will likely decide after Prime Minister Tun Dr Mahathir Mohamad's visit to China in April. If the project is revived, HSS Engineers Bhd and Lafarge Malaysia, which had won contracts, will see earnings contributions as the works resume. Local contractors will also benefit if the requirement for higher local participation is increased from the initial 30% of works to be awarded by the main contractor, China Communications Construction Co Ltd.

"Contractors that were vying for ECRL subcontract works include IJM Corp Bhd and Gabungan AQRS Bhd given their established presence in the east coast of Peninsular Malaysia," Loong said.

Work on the ECRL has been suspended since July 2018. Reuters reported then that the China Communications Construction confirmed that it suspended all work on the project as Putrajaya sought to renegotiate the terms of the deal with China.

It was reported that China Communications Construction said on July 5, 2018 it halted all work at the request of project owner Malaysia Rail Link Sdn Bhd.

"Recently, the company has received a letter from Malaysia Rail Link Sdn Bhd, the employer, which requires an immediate suspension of the contract under the ECRL project until further instructions," China Communications Construction was quoted as saying in a filing with the Hong Kong bourse.



https://www.theedgemarkets.com/article/ecrl-revival-boon-lafarge-%E2%80%94-affin-hwang


NOTE THESE WORDS


""Lafarge Malaysia Bhd is seen as a beneficiary of the East Coast Rail Link's (ECRL) potential revival because the cement manufacturer had earlier won contracts under the project, Affin Hwang Investment Bank Bhd said today.""


LAFARGE ALREADY SUPLLIED CEMENT FOR PARTIAL COMPLETION OF ECRL BEFORE IT WAS SUSPENDED

SO IF ECRL IS RESTORED - ITS CEMENT SUPPLY BUSINESS WILL ALSO CONTINUE

"AND ITS MAKE A WHOLE LOT OF DIFFERENCE TO LAFARGE VERY STRONG EARNING GROWTH AGAIN"


IF DAYANG IS POWERED BY EARNING GROWTH FROM PETRONAS

LAFARGE CAN ALSO BE POWERED BY ECRL BACK TO ITS GLORY DAYS OF RM10.00??

Maybe not

JUST RM5.00 SHOULD SEE ITS PRICE DOUBLE

Posted by calvintaneng > 2019-03-09 21:52 | Report Abuse

People who like thisX
Patrick13, pinghai69, PureBULL .


VERY GOOD

3 i3 Forumers including sifu pureBULL clicked "likes"

Posted by DingDongHai > 2019-03-10 14:32 | Report Abuse

Calvin, china will use their own steel and cement for all the one belt one road job. One belt one road main objective is to dump all the excessive steel and cement to developing countries, with cheaper price and conditional loan terms. 2 benefit to china: dump their cheap material and cheap credit. When the rail cannot make any profit to overcome the loan, china will take over for 99 years. Look at sri lanka, myanmar

Posted by cheoky > 2019-03-10 14:33 | Report Abuse

Gkent shall be the prime beneficiary.

Posted by calvintaneng > 2019-03-10 15:54 | Report Abuse

For ECRL China bought CEMENT From LAFARGE

See from LAFARGE Annual Report

We have recently secured the supply to packages for both the 24.4km
SUKE and 20.1km DASH three-lane, dual-carriageway, elevated
expressways, and most recently the East Coast Rail Link (ECRL) project.

Posted by calvintaneng > 2019-03-10 15:56 | Report Abuse

For Steel Malaysia no impose higher tariff for Steel Dumping from China

Masteel mentioned the importance of ECRL

Prestar's Chairman even look forward to Malaysian Govt raising tariff against China Cold Roil Steel dumping. And Good News just came out for Prestar https://www.nst.com.my/business/2019/03/467316/malaysia-slaps-anti-dum...

Posted by calvintaneng > 2019-03-10 15:58 | Report Abuse

https://www.nst.com.my/business/2019/03/467316/malaysia-slaps-anti-dumping-tax-steel-imports

Posted by calvintaneng > 2019-03-11 07:44 | Report Abuse

Good morning cheoky

It doesn't matter who win ECRL jobs

All need to buy and use construction materials

AND for all practical reasons they need to buy from the most efficient, the best and the lowest cost

Masteel, by virtue of using scrap steel and its strategic location in Selangor near Ecrl is prime

Both Prestar and Lafarge have production plants in Rawang... Just nearby the ECRL route

AND after the ECRL is ready these 3 companies can export their products on the West through Port Klang and also send goods by way of ECRL through Kuantan Port to East Malaysia, Kalimantan and the Philippines

AND further up north through Tok Bali port to export guardrails, steel and even cement to Thailand, Taiwan, Korea, Japan and China

Posted by Bull > 2019-03-11 08:00 | Report Abuse

TP 1.0 load before it is too late ! Follow calvin ... best in i3

WHY CYCLICAL MASTEEL (5098) - Master of Long Steel Will Go into A Cyclical Rebound, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/197158.jsp

Posted by Heavenly PUNTER > 2019-03-14 23:02 | Report Abuse

Unker Calvin, you forgot Econpile again. For ECRL to be good, must have good foundation mah, who's the leading piler leh? it's econpile mah, so must have good foundation only got stable road. Please include mah aiyo