my statement too hard for you to comprehend? i am still long on this stock, reason why i sold is based on my technical readings whereby i see short term correction. Hence i sold some in view to buy at lower prices to lower my overall holding cost. Moreover, if i can afford to sell at 0.82, it goes to show my entry price was much lower than this ;) I dont take profit on 5 sens basis, so dont make so much monkey noise when it only moved by 5 sens.
If you have grown some bulu, you should understand by now that you must have multiple views in different time horizon. When somebody ask you whats your view on MRCB, you can tell me RM 2.00. But WHEN? 10 years time? dont just throw a target price, its important you put a time horizon/ time frame in it. So next time when you ask people can buy/sell or not, remember to ask by when can i get out and at what price.
Are you stuck samuel? bought at a single price above RM 1.00 and no more money to average lower?
Hi TA, No I doesn’t point it to Sam, technically he make a right decision, is all depend on each individual to take profit first or top up upon adjustment, nothings wrong honestly, ikan bilis like is just have to make sure we are clear what we are doing.
Thanks budd, this TA- really don’t know why simply picking on me but have no ball at all to make buy/sell decision. You think I don’t know about the technical chart u talk about? You have been long in this counter??? Check my comment and see whether I am stuck or not. unlike u... tell ppl u sold everything while it already drop down to .79... who would believe ??? I have my contra buddies with me I must tell u, and when I make my say u better follow.... n go check what I told my buddies... ‘whatever u earn from the contra profit in this counter, put it back in this counter for long term ticket, n I mentioned something is brewing!!!!’
Bukima I stuck u have not wake up!! Fake pro, go back sleep la n talk about ur itchy kuku la.... ooops did I hurt ur ego?
Just buy, don't ask why ? What we are waiting is the future HSR KL Singapore high speed rails in 2020. It is even bigger than LRT3. Gkent and MRCB got a very good chance of getting the contracts.
LRT3 still got jobs until 2024. - 5 years to go. Why worry.
In recent Bursa announcement, most of the company financial results is losing money except banking stocks. Looks at Big company like TNB also loss. So MRCB still making profit should consider very good.
Key words: “Proceeds from the offering will be used by the Government for its general purposes, financing development expenditures that among others include building schools, hospitals, public roads and utilities,” it said.
TRENDING NOW 1MDB Select Language▼ CORPORATE FROM THE EDGE Ten stocks to look at if ECRL revival materialises Chester Tay / The Edge Financial Daily
March 11, 2019 09:51 am +08
This article first appeared in The Edge Financial Daily, on March 11, 2019.
-A+A KUALA LUMPUR: The sudden surge in the share price of Lafarge Malaysia Bhd last Thursday left investors mulling over its unexpected climb, with the potential revival of the East Coast Rail Link (ECRL) being touted as the most plausible reason.
Towards the end of his official visit to Manila last week, Prime Minister Tun Dr Mahathir Mohamad reportedly told the media that Putrajaya’s stance remains the same: that it prefers to avoid an astronomical compensation and is trying to strike a deal with China to build the rail line at a more affordable price tag.
Finance Minister Lim Guan Eng also reportedly said that he hopes the ECRL negotiation between Malaysia and China can be concluded before Dr Mahathir’s scheduled second official visit to China for the Belt and Road Summit 2019 next month.
As the events unfold, there may be investment opportunities for investors looking for exposure to the construction sector, beaten down for the greater part of last year due to political uncertainties in the wake of a new government, then made worse by the review of mega infrastructure projects.
Based on feedback from construction sector analysts, The Edge Financial Daily outlines 10 stocks that could be potential beneficiaries should the ECRL project be revived.
In no particular order, they are Gabungan AQRS Bhd, HSS Engineers Bhd, IJM Corp Bhd, Lafarge, Econpile Holdings Bhd, Malaysian Resources Corp Bhd (MRCB), Advancecon Holdings Bhd, Gadang Holdings Bhd, WCT Holdings Bhd and Fajarbaru Builder Group Bhd.
Assuming Lafarge’s and HSS Engineers’ previous contracts can be reinstated, RHB Research analyst Tay Yow Ken believes these two counters would be the clearest beneficiaries.
“Looking back to before the project was shelved, HSS Engineers and Lafarge were respectively awarded contracts worth RM82.5 million and RM270 million. Hence, we believe these companies are the clearest beneficiaries if the project is revived, assuming their previous contracts are reinstated as well,” he said in an email response.
Tay also noted that ECRL’s main contractor, China Communications Construction Co Ltd, had yet to award engineering and construction packages when the project was suspended in July last year.
“In our view, the extent local contractors are able to benefit would very much depend on the project structure after negotiations conclude, assuming the outcome is positive. That includes items such as local content requirement and what’s left on the table in terms of profit margins. Remember that the revived project will be subject to cost cuts and changes in design.
“According to our ground checks, quite a number of contractors had expressed their interest in bidding for contracts as the pie was large. That included the likes of IJM Corp, Advancecon, Gabungan AQRS and Econpile. More recently, MRCB told analysts during a recent conference call that it would be interested to participate in the project if tenders were called,” he said.
Malacca Securities Sdn Bhd analyst Kenneth Leong said Gadang Holdings, WCT Holdings and Fajarbaru Builder could also see some interest given their construction capabilities.
“These companies have rail project experience so we wouldn’t want to rule out the possibility of them tendering for packages,” he said over the phone.
However, Leong cautioned that in general, profit margins for construction contracts are small, and with a lower price tag for ECRL, the margins could be even smaller.
“We can already see some players, like Econpile, affected by the revised contract value for building the second MRT (Mass Rapid Transit) line,” he said.
Econpile posted a net loss of RM34.45 million for the second quarter of financial year 2019 (2QFY19) ended Dec 31, 2018, against a net profit of RM22.73 million a year ago. Revenue also fell by 8.6% to RM148.18 million, from RM162.17 million in 2QFY18.
The piling expert said its bottom line was hurt by loss of RM18.5 million owing to a delay and idling costs from two infrastructure projects caused by overall project rationalisation of costs and changes in design and/or scope of work by main contractors, and a RM15.4 million cost overrun in a property development project.
Meanwhile, in a note to investors last week, Hong Leong Investment Bank analyst Khairul Azizi Kairudin said news of a potential revival of the ECRL also pushed up the share price of Tasek Corp Bhd and Hume Industries Bhd, two other cement players.
“However, we reckon that the ECRL alone will be insufficient to spur demand to overcome industry overcapacity. To recap, Lafarge won a RM270 million cement supply contract for the ECRL back in March 2018. Based on the contract period of two years, this translates into RM135 million
According to our ground checks, quite a number of contractors had expressed their interest in bidding for contracts as the pie was large. That included the likes of IJM Corp, Advancecon, Gabungan AQRS and Econpile. More recently, MRCB told analysts during a recent conference call that it would be interested to participate in the project if tenders were called,” he said.
Superpower China Will Not Allow ECRL To Be Scrapped : There’s Nothing Malaysia Can Do – Mahathir Said He Would Side With China Over The U.S BythecoveragePosted on March 10, 2019 FacebookFacebook MessengerTwitterLinkedInWhatsAppLineWeChatSkypeFlipboardShare242 ECRL (East Coast Rail Link) project is still being suspended, but not for long. After 10 months under the new government of Mahathir Mohamad, the RM81 billion mega-project, first approved by former Prime Minister Najib Razak on October 2016, has become the biggest headache for the 93-year-old premier, the world’s oldest leader.
The on-again, off-again ECRL has caused huge confusion in the financial market for the last 10 months. People were fed with news that the project has been cancelled, only to be deferred and then changed to re-negotiation before the cycle repeats itself again. Contradicting statements from Finance Minister Lim Guan Eng and Economic Affairs Minister Azmin Ali made the situation worse.
The biggest issue is the gigantic cost of the project. When Mr. Najib announced his pet project, it was announced that it would cost taxpayers RM55 billion for the entire 688-km line. However, when the Pakatan Harapan coalition took over the government, it discovered that the final cost of the ECRL project is actually a staggering US$20 billion (RM81.7 billion).
As it turned out, Najib’s dirty secret deal with China contractors included – “special payments” – to cover the infamous 1MDB’s (1Malaysia Development Berhad) massive debts. This was achieved by jacking up the ECRL project cost by a whopping RM30 billion of taxpayers’ money to bail out the Ponzi scheme. After the downfall of Najib regime, the debts of 1MDB was revealed to be RM50 billion.
Two months ago, some meeting minutes found and published by the Wall Street Journal exposed not only about kickbacks in the hanky-panky deal, but also astonishing discovery that the disgraced ex-PM Najib had even allowed Chinese People’s Liberation Army Navy to dock and use Malaysian ports. Clearly, it was an act of treason – selling the country’s sovereignty for cash.
MUST READ Mat Sabu Got Caught Tangkap Basah In Room 121 Hotel Perdana : 4 Witnesses Confirmed That Mat Sabu Was Alone With Norma By now, it’s safe to presume that the ECRL project will continue simply because China will not allow the important infrastructure project to be scrapped under the Mahathir administration. The current negotiation is no longer about whether the project can be cancelled or postponed. It has passed that. The ongoing negotiation is about how much more discount China can offer.
Indeed, Malaysia is trapped in a debt hole so massive that if the ECRL was to proceed as initially agreed, it would cost the country RM500 million annually in interest payment alone. That’s about RM41.7 million every month or RM10.4 million every week, thanks to Najib the son of Razak. Hiding behind China, Najib had the cheek to warn Mahathir to be careful about “offending” the superpower.
Fortunately, both nations’ 45 years of diplomatic ties, not to mention influential billionaire Robert Kuok’s close relationship with Beijing, enables Mahathir administration the special privilege to re-negotiate the deal in a manner not other nations could enjoy. In January, Beijing’s Embassy in Kuala Lumpur released a song marking the lasting friendship between China and Malaysia.
Considering Mahathir had engaged anti-China election campaign last year, the Malaysian leader should consider himself lucky that Beijing has not retaliated against the country economically. Of course, Mahathir has to thank the Malaysian richest man, Robert Kuok, appointed as key adviser in bridging Beijing and Kuala Lumpur to prevent diplomatic disaster.
Still, a business deal is a business deal. Last month, China offered a staggering 50% discount for the ECRL project. The unbelievable steep discount shows that not only crooked Najib had conspired with the CCCC (China Communications Construction Company) to rip-off the people of Malaysia, but also the importance of the project to the Chinese’s OBOR (One Belt, One Road) initiative.
However, based on Mahathir’s latest interview with the South China Morning Post, it appears even when the cost of the US$20 billion (RM81.9 billion) billion is halved, Malaysia is just too broke for the mega project. The premier wants more discounts. Last August, his government claimed it had received offers to undertake the East Coast Rail Link project for as low as RM10 billion.
MUST READ Najib Mobbed By Thousands of Malaysians Fans At Semenyih Tesco : Thousands Jostling To Take Selfies With Malu Apa Bossku - The Rise of Najib Popularity But even if China is willing to go as low as RM10 billion, which would be a cheap version without bells and whistles, the project will still be a white elephant. In his interview, Mahathir argued that despite the existing railway servicing the west coast (where the business and people are concentrated) for mo
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....
SamuelLuke
2,020 posts
Posted by SamuelLuke > 2019-02-26 15:32 | Report Abuse
Now only u come say u already sold .... I also sold on .84 ya ask u so many time whether can sell or not senyap je.... pui ur ichi kuku