Kasih collect and let u beli dulu.. Exchange to take breath.. But this move price won't go too high as it seems fund limited. Correct me if you have other view. Thanks
cannot close above 48.. i expect some pullback on monday before shoot up.. technically, uptrend still intact unless market deep red panic, RSI still not overbought (this is good)
*1)* *GFM Services Bhd* is an investment holding company
*2)* Its core business is in providing Facilities Management Services, which includes both hard and soft service offerings such as civil and structural plumbing, electrical systems, landscaping and mechanical systems, amongst others
*3)* It also offers Facility Consultancy and Advisory services which are the specialist advisory arm of the Group
*4)* On 7/9/2020, *GFM Services Bhd (GSB)* and its subsidiary companies has entered into a heads of agreement (HOA) with the shareholders of *Amzass (M) Sdn Bhd (ASB)* to acquire 70 % stake in ASB
*5)* The entry into the HOA provides the company exclusivity on the purchase of up to 70 percent stake in ASB
*6)* The exercise also permits GSB to conduct legal and financial due diligence review on ASB to enable GSB to access the viability of the acquisition, pending execution of a definitive agreement
*7)* The acquisition is expected to provide GSB the opportunity to participate in ASB's project and enable GSB to enlarge its group's portfolio of concession assets to include a rest and service area along PLUS Malaysia Bhd (PLUS) North-South Expressway
*8)* The group also expects to expand its income stream from the concession arrangements segment considering the potential commercial benefits to be derived from the project
*9)* ASB was awarded a conditional approval by the Malaysian Highway Authority to upgrade the existing facilities of the Northbound and Southbound Bemban lay-bys, which are located along PLUS North-South Expressway, as well as to construct a petrol station and its facilities on both sides of the lay-bys
*10)* The Bemban lay-bys are situated in the state of Melaka and are located between the rest service areas of Ayer Keroh, Melaka and Pagoh, Johor
*11)* GSB has been on the look out for earning-accretive opportunities that can complement its business, and it is confident that it is taking a step in the right direction with the proposed acquisition
*12)* GSB see a lot of potential in this business as PLUS North-South Expressway is a critical enable of economic and social development in Malaysia
*13)* It is widely used for goods to be sent from one state to another and enables people to travel interstate for work and holidays
*14)* As traffic volume at PLUS North-South Expressway has grown over the years, Ayer Keroh and Pagoh rest and service areas have become highly congested, especially during peak travel periods such as festive holidays and long weekends
*15)* At the moment, the Bemban Northbound and Southbound lay-bys consist of basic amenities such as restrooms, surau and food stalls
*16)* GSB, via wholly-owned subsidiary GFM Solutions Sdn Bhd has the experience in providing facilities management advisory services for greenfield development of public sector infrastructures under the private finance initiative (PFI) scheme and will also leverage on the capabilities of its associate company, Tanand Technology Sdn Bhd, which is an Internet of Things (IoT) solutions provider in built environments to optimise the experience of the visitors
*17)* GSB is excited to embark on this new venture which widens its services scope and further solidifies the group's infrastructure concession business as it strive to bring greater value to its shareholders
*18)* It is rumoured *GFM* will get *LSS4* job. *GFM* will be project owner and the contractor is a listed company on Bursa Malaysia
u listen to james? that old fashion man is nothing good other than just reading facts and announcing statistics only. hint:does he look like a person will take risks with his money kind to u? smh
James ng is credible? Can just talk but no execution. You decide your own money what your want to do about it. This is next gem company. Count the fair valuation yourself with few PE scenarios. Soon more fund houses will give analysis on this counter. After Petronas’s Penggerang contract, i think more and more jobs will be secured.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ayendodo92
108 posts
Posted by ayendodo92 > 2021-03-12 16:03 | Report Abuse
Wuhuuu GFM agaiin...! Last week 300% ROI, now agaaain.. enteeeer...!