This article first appeared in The Edge Malaysia Weekly on March 18, 2024 - March 24, 2024 THREE consortia’s concept proposals for the Kuala Lumpur-Singapore high-speed rail (HSR) are believed to have been shortlisted for the multibillion-ringgit mega infrastructure project. According to sources privy to the matter, the three consortia are YTL Construction Sdn Bhd-SIPP Rail Sdn Bhd, Malaysian Resources Corp Bhd-IJM Construction Sdn Bhd-Berjaya Rail Sdn Bhd-Keretapi Tanah Melayu Bhd (MRCB-IJM-BRail-KTMB) and a Chinese consortium said to be led by state-owned China Railway Construction. However, it is believed that only the Chinese consortium has the financial muscle to undertake the project via private funding. The HSR was estimated to cost RM72 billion when the project was being developed between 2015 and 2020, but this could have significantly escalated. “It is likely that the Chinese consortium will get the project if the government is adamant about having it privately funded. But the government may require the Chinese to take on a bumiputera partner,” says one of the sources. If the MRCB-IJM-BRail-KTMB consortium’s proposal is chosen, the Employees Provident Fund (EPF) would end up having the biggest exposure to the KL-Singapore HSR. That is because EPF is the largest shareholder of both MRCB and IJM with 36.21% and 17.62% equity interest respectively. It is also a substantial shareholder of YTL Corp Bhd (which wholly owns YTL Construction) with a 5% stake.
Wow. Sellers (contra players? Syndicates? Market makers? Day traders) are dumping shares with less buyers to support the price. Investors are accumulating on weakness without rushing to book sellers. Interesting.
Well, I think if this project is on, it won't be solely run by China company, it must join with local companies, or join with consortium. This bb may involve too even if China co takes the project.
MRCB is part of a consortium bidding for the HSR project, in partnership with friendly party to Johor, Berjaya Rai . Then you have IJM Construction, and Keretapi Tanah Melayu (KTMB). The project aims to improve connectivity between Kuala Lumpur and Singapore. The HSR initiative could potentially align with the redevelopment of KL Sentral, which would be a strategic advantage for MRCB if the HSR passes through this hub.
Assuming nothing happen for HSR for MRCB BUT ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Malaysian Resources Corporation Berhad (MRCB) has been actively involved in several key developments recently. One of the most notable is the redevelopment of the overcapacity Kuala Lumpur Sentral station, which has been approved by the government. This project, valued at over RM1 billion, will see MRCB working under a private finance initiative (PFI). It is expected to enhance the station's infrastructure and capacity, given its current overload of daily commuters.
Additionally, MRCB has been part of a consortium, alongside Berjaya Rail, IJM Corp, and Keretapi Tanah Melayu Bhd, submitting a proposal for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project. This proposal is currently under review, with discussions surrounding revenue augmentation through property and media rights.
In terms of property development, MRCB is set to launch RM4 billion worth of projects in 2024, with a sales target of RM800 million, mainly from domestic ventures. The company's value-unlocking initiatives have placed it in a strong position for growth, especially with the expected commercial developments surrounding the KL Sentral and Shah Alam stadium projects
Is going to very interesting, who does not know, who is Berjaya Land Bhd (BLand) to Johor. When they announced that its 70 per cent-owned subsidiary, Berjaya Rail Sdn Bhd, has formed a consortium with IJM Construction Sdn Bhd, Malaysian Resources Corporation Bhd (MRCB) and Keretapi Tanah Melayu Bhd (KTMB) to bid for the Kuala Lumpur (KL)-Singapore high-speed rail (KL-SG HSR) project, we know who is going to get HSR
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....
AmySee
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Posted by AmySee > 2 months ago | Report Abuse
Hard to retest 70 sen this month ...