GEORGE KENT (M) BHD

KLSE (MYR): GKENT (3204)

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Last Price

0.355

Today's Change

-0.01 (2.74%)

Day's Change

0.355 - 0.365

Trading Volume

403,000


15 people like this.

18,225 comment(s). Last comment by gkent2000 1 month ago

Posted by longtermvaluegain > 2018-06-10 22:08 | Report Abuse

一样样他的好朋友Najib.
有一天,最好被LGE揭发出(红色档案)里的PDP Fees 丑闻。

Posted by shareinvestor88 > 2018-06-11 00:32 | Report Abuse

sell call ? TP 50 c ?

ray1980

2,992 posts

Posted by ray1980 > 2018-06-11 07:51 | Report Abuse

Every company major shareholders no need to top up their % share because they hold main % share since open company.We r personal buyer no same them.Like my family company also same.What sectors also same.Because need more cash to do that.

ray1980

2,992 posts

Posted by ray1980 > 2018-06-11 10:20 | Report Abuse

Erkongseng,I agreed.Think good,talk good n do good.

ray1980

2,992 posts

Posted by ray1980 > 2018-06-11 10:29 | Report Abuse

Now,let us see the chart of this gkent(3204).Short term may be can touch 1.65 to 1.68 or 1.71.

Posted by Calvinharris > 2018-06-11 11:02 | Report Abuse

He really dint buy back gkent share after 509.
Orang yang membuat business memang licik.

Posted by Calvinharris > 2018-06-11 11:07 | Report Abuse

only DATO' PADUKA (DR.) IR HJ KEIZRUL BIN ABDULLAH bought 10,000 shares after ge14
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5793989

Posted by Calvinharris > 2018-06-11 11:11 | Report Abuse

I also waiting for the secret of pdp fees.

ray1980

2,992 posts

Posted by ray1980 > 2018-06-11 11:12 | Report Abuse

Down trend or up trend.We need slow slow buy n slow slow sell.I mean what share also same to do.Cool down n rational.

Posted by longtermvaluegain > 2018-06-11 11:16 | Report Abuse

"投资不外是想赚钱,对公司没信心就不关注与投资,有信心或看见机会就投资,不好一直針对公司发布负面资讯或悪意攻击,小心公司律师採取行动。好自为之,别惹來麻烦。"

by erkongseng.

你这么单纯吗?认为一几句负面的语言会导致价位报低吗。
这当然不是啦。原因只有一个,就是与Najib有关系的股,形象被外界影响, 你明白吗?

Posted by longtermvaluegain > 2018-06-11 11:19 | Report Abuse

形象很重要!Tan Kay Hock 最清楚与他的友情。

Posted by longtermvaluegain > 2018-06-11 11:19 | Report Abuse

相信我,erkongseng。

Posted by longtermvaluegain > 2018-06-11 11:19 | Report Abuse

没耍你,真的。

Alex™

12,594 posts

Posted by Alex™ > 2018-06-11 11:20 | Report Abuse

not bad wor, water meter company business quite gooding =)

Posted by christophertopher > 2018-06-11 11:25 | Report Abuse

IF wan to check , not difficult to check whether they are fren.
if we know where and which University they are studied, then then true is there.
University has record. If not mistake, England I think.

Alex™

12,594 posts

Posted by Alex™ > 2018-06-11 11:27 | Report Abuse

dun worry, this stock margin of safety got....rosmah luxury bag trading business still ongoing....that day go macc sport nice red bag bag also....

Posted by christophertopher > 2018-06-11 11:31 | Report Abuse

真的羞耻我国出现这么严重的贪污案,念什么书的?还念到有名誉的大学。
把国家的钱当作自己钱来用。

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-11 11:35 | Report Abuse

Can still go up n up !

ray1980

2,992 posts

Posted by ray1980 > 2018-06-11 11:45 | Report Abuse

Please change 300,000++unit sell orders to 'belakang' la.The price will be push up easyly ma! Brothers n sisters.

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-11 12:00 | Report Abuse

You thnk they re going to push up so fast so that everybody can run er ? No la

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-11 12:02 | Report Abuse

Profit taking

Posted by mayongzheng > 2018-06-11 13:30 | Report Abuse

纯粹分享给爱自己国家的人民。

ECRL

If you think the HSR Agreement with Singapore is unwieldy, lopsided and costly to cancel . . . you ain't seen nothin' yet.

The HSR is nothing compared to the biggest abomination of them all . . . the East Coast Rail Link !

How can we get out of this mess?

Read on.

First, a little bit of history.

Let's revisit the internal documents of the contractor, state-owned China Communication Construction Co Ltd (CCCC), leaked by SR a couple of years ago. That was before the ECRL was announced and the contract hastily signed by the Najib Gang with most Treasury officials and the rest of the nation in the dark.

Now . . . according to SR's exposé, CCCC's own original costing for the whole project was RM27 billion. The company then added a margin of RM2.73 billion . . . bringing the total cost to RM29.73 billion.

But when the Najib Penyamun Bandwagon got to the negotiating table, the price shot up to RM55 billion. And that's only for Phase 1 . . . the stretch from Gombak to Tunjong, Kota Bharu. The Export and Import Bank of China (Exim) signed on to provide a "soft loan" of 85% of project cost.

Why the loading of over RM25 billion?

No need to be a rocket scientist to figure that out.

You see, the Najib Gang needed to quickly raise funds to pay down the 1MDB debt monster . . . plus their usual fleecing to buy loyalty and support of the coterie of penyangaks, penyamuns and hangers-on.

Detailed investigations by Tun's Malaysia Baru government may lead to the final, definitive trail of deceit and trickery . . . but SR and The Edge have published enough leads in the public domain for us to infer a strong 1MDB-flavored scam in this debt-ridden misadventure.

Now . . . via a nominee company or companies, CCCC was supposed to take over some of 1MDB’s assets and liabilities. This is to be funded by ECRL's loan from Exim Bank ostensibly for railway construction works. To siphon the borrowed money, Exim Bank pays CCCC on a time-based scheduled payment basis and NOT based on verification of actual work done on site.

This is what Tun meant when he said the ECRL Contract is strange.

I call it bizarre !

Now . . . which 1MDB assets and liabilities?

We all know by now, most of these 1MDB holdings are pseudo-assets not worth the paper they are printed on. But the huge debt and liabilities are real.

These cocktail of assets and pseudo-assets reportedly include 1MDB's squatter-ridden land in Ayer Itam, Penang purportedly valued at RM1.3 billion . . . and a 100% stake in Brazen Sky Ltd, which owns Brazen Sky fund "units just units" supposedly worth US$940 million (RM3.76 billion) . . . and US$1.56 billion (RM6.24 billion) of worthless 1MDB Global Investment Ltd fund units . . . and a 100% stake in 1MDB Energy Holdings Ltd., which would facilitate 1MDB's offloading of US$3.5 billion of bonds issued by 1MDB Energy Ltd (1MEL) and 1MDB Energy Langat Ltd (1MELL) to the nominee company or companies.

Part of ECRL's "soft loan" for high-speed rail construction from Exim Bank would also be used to service the energy bonds' seven-year interest expenses of US$1.28 billion for 2016-2022 . . . and by 2022 the CCCC nominee company would redeem the two bonds from the residual drawdown of the Exim Bank loan. This energy bonds servicing and redemption saga alone would cost US$4.78 billion or RM19.12 billion.

As if that's not enough, CCCC nominee company or companies reportedly will use part of ECRL's Exim Bank loan to acquire two companies linked to Jho Low . . . Putrajaya Perdana Bhd and Loh & Loh Corp Bhd. -- reportedly a 90% stake in Loh & Loh Corp for US$244 million and a 70% stake in Putrajaya Perdana for US$71 million. That's another US$315 million or RM1.26 billion to be drawndown from the ECRL construction loan.

Did these transactions camouflaged by the ECRL project happened?

Not all. Maybe none consummated before the Najib Gang's spectacular fall in PRU14. In any case, the Exim Bank loan for Phase 1 would not be sufficient to underwrite the scam AND build a high-speed railway line.

We will know the full extent once ongoing investigations are made public.

This is what we know thus far:-

Per media reports, RM13 billion has been drawndown from the Exim Bank loan.

Imagine . . . RM13 billion . . . and I'm sure at least 80% of that hutang which we all will ultimately pay was originally tied to some form of 1MDB debt settlement gymnastics . . . and those billions may still be "floating" somewhere in light of events post-PRU14.

Let's further dissect this Debt Beast gifted by the Najib Gang to us all . . .

Posted by mayongzheng > 2018-06-11 13:33 | Report Abuse

The ECRL was initially touted as a 688km high-speed passenger railway and not-so-high-speed cargo rail stretching from Port Klang to Kuantan Port and onwards to Pengkalan Kubor at the Kelantan-Thai border plus spurs to smaller ports and industrial zones in coastal Pahang and Trengganu. The slick project video spiel claimed this will create end-to-end high-speed rail connectivity from the Klang Valley to the whole East Coast . . . and the Najib Gang repeatedly highlighted the much-touted Kuantan Port-Port Klang rail corridor that will trans-ship on land millions of tons of shipping cargo to bypass Singapore Port.

Now the reality . . .

As of today, only Phase 1 of the ECRL will be built at a cost of RM55 billion . . . stretching from Gombak to Tunjong in Kota Bharu. The Gombak to Port Klang extension (part of Phase 2) that will make the Kuantan Port-Port Klang "gamechanger fairytale" a reality will cost an additional RM11 billion.

That's RM66 billion.

And the link from Tunjong across the wide, mighty Kelantan River to Wakaf Baru (to interchange with KTM's Gemas-Tumpat East Coast Line) and onwards to Pengkalan Kubor will cost billions more.

When the dust settles . . . add in deferred interest, variation orders, cost overruns, unforeseen garnishments and greasing . . . etc. etc. . . . and we are staring at RM80-90 billion easy.

Let's tackle the other reality . . . the borrowed money.

As of today, CCCC claimed the ECRL is 20% completed and work is ahead of schedule. And as mentioned, RM13 billion of the Exim Bank loan has been drawndown.

Do you think RM13 billion worth of work -- almost three Penang second bridges or two KLIAs -- are manifested on the ground?

No. Not RM13 billion worth of construction works, even taking into account payments to various CONsultants and preliminary costs.

So what happened to the bulk of that RM13 billion now payable by us all?

Try to imagine a mountain of new IOUs with 1MDB written all over it. And like I said . . . the bulk of this money may still be "floating" in deep space and/or salted away by the penyamuns.

So what has actually been built on the ground, the 20% of work done as reported?

Well, since I was frolicking in the East Coast this past month, I took the opportunity to do my own inspection of the ECRL project.

Visited ECRL construction sites in the rural boondocks and got myself briefed by the relevant project staffers and discussed the project at length with officials of the land and district offices and regional development agencies traversed by the route and the federal JKPTG in charge of land acquisition.

How I managed to do that?

Well, I guess I've got a purdy face and many folks would merrily unlock gates and open doors and such.

Now, what did I see with my own eyes?

Work . . . substantial work already done on the ground.

And these are heavy duty engineering stuff.

Site preparations for the 16.3km twin-bore Genting Tunnel and three tunnels in Trengganu are completed and awaiting arrival of the Tunnel Boring Machines (TBMs). In Kelantan, the Tunjong Main Base Camp is completed and operational with hundreds of staffers -- local and PRC nationals -- busily working 24/7. Same in the Kg. Raja, Besut Base Camp.

In Bachok, substantial groundworks have been completed . . . including the huge Base Camp near the UMK Main Campus and miles of construction spur roads on freshly built solid rock bunds over the formidable Paya Gelam wetlands.
Now . . .
Can we or should we stop ECRL . . . a project from my observation that is already full steam ahead?

Let's first look at the cost of canning this unwieldy debt monster.

If we cancel it today . . . meaning the Malaysian government reneges on the agreement (since there is no escape clause) . . . the Exim Bank loan will automatically default and the RM13 billion drawndown is recalled and repayable within three months as the seven year loan repayment grace period is nullified the moment we unilaterally "breach" the agreement and stop the project.

The compensation package and penalties for various contract breaches -- including payment already made to suppliers, dismantling costs, the RM13 billion loan drawndown, interest charges and committed orders for supplies and services -- is reportedly RM22 billion.

Let me repeat . . . RM22 billion.

Down the drain.

So what are our options?

We can either stop the project cold . . . and go find RM22 billion within three months to repay the loan drawn and contractual penalties . . . and get nothing but abandoned tunnels and construction roads and rotting site buildings and rusting equipment, steel bars and pipes and thousands of unemployed local engineers and workers and hundreds of stranded periphery businesses including local cement, sand, rock and building material suppliers . . .

OR

Posted by mayongzheng > 2018-06-11 13:34 | Report Abuse

We huddle with CCCC and their PRC Government masters and work out the ways and means to brutally reduce the project cost and squeeze every ringgit of our money until everyone shed tears of austerity.

How to cut cost?

Go back to CCCC's original project costing. Verify and calculate the cost of work done -- the claimed 20% -- and come up with solutions to cut costs for the balance of the project.

It was reported . . . project owner Malaysia Rail Link Sdn Bhd (MRL) has been asked by the Council of Elders to come up with three alternatives to cut down the project cost plus best and worst case scenarios. I believe they have done so.

The government's decision must be driven by three tactical imperatives:-

1. Do not throw away RM22 billion to repay the loan in default and the punitive compensation package . . . only to end up with dozens of abandoned, rusting heavy duty railway engineering graveyards and dug-up roads and displaced neighborhoods and half-diverted rivers and contaminated wetlands that may later cost billions more ringgit we don't have to rectify and rehabilitate.

Key Driver: Avoid the THROW AWAY MONEY AND GET NOTHING trap

2. Do not throw more money by going forward with the Najib-era bizarre lopsided agreement heavily tinged with not so cunningly concealed 1MDB Bailout financial engineering sleigh of hand.

Key Driver: Avoid the THROW LOTS MORE MONEY AND GET SOMETHING trap

3. Vigorously renegotiate the contract on a G to G basis with the PRC government . . . in mutual cognizance of our regime change and financial realities faced by Malaysia today. I'm looking at a 30-40% haircut after the needless bells and whistles (not to mention Najib Gang kickbacks) are flung out the window.

Key Driver: Adopt the SPEND REASONABLE MONEY TO GET SOMETHING approach

My own crystal ball:-

The PRC government will be receptive to our concerns and amenable to a relook of the whole deal.

The last thing they need is a high profile abandonment of a showpiece jigsaw of their much touted Belt and Road Initiative or BRI.

The PRC will come to the negotiating table with forced smiles and may throw additional sweeteners to ensure business as usual.

You see, they are in a predicament as much as we are !

China's steel industry is suffering from acute over-capacity -- reportedly rolling out as much steel in a month as the US produce in a year -- and they need construction jobs, lots of jobs worldwide, preferably RAILWAY jobs to absorb the millions of tons of steel pouring out of their mills. Same thing with train-sets rolling off their factories and rail logistics technologies and trained workers . . . all in excess supply.

Hence, the ECRL was a Godsend to these Godless. They need the project . . . and will compromise.

So we will be negotiating from a position of reasonable strength. If we play our cards right.

Strength or not . . . on our side, we must still regard this task as nothing more than damage control, the proverbial making the best of a bad situation.

We must know what we want to the last granular detail including most importantly the financial parameters acceptable to our nation going forward.

Again, in it's brutal nutshell, the alternatives in Malaysia's hand boils down to the proverbial Hobson's Choice:-

1. Breach the contract; stop work; send CCCC packing to China; within three months pay RM22 billion in compensation and for loan drawndown; and spend billions more rectifying and rehabilitating dozens of abandoned, rusting heavy duty railway worksites along hundreds of kilometers of rainforests, hamlets, wetlands and densely populated Kota Bharu.

or

2. Renegotiate the contract way down to the barest spec -- remove all fluff -- and pay a reasonable sum on more favorable terms and with payments based on actual work done -- and in less than five years have a modern, functioning railway line at least from Gombak to Kota Bharu via Kuantan and Kuala Trengganu.

Perhaps in a matter of days or weeks, Tun's government will have to make a decision. It will be painful and costly either way.

The only guidance I can give as a private citizen is: seek the less painful of the two painful options and at least get something tangible at the end of the debt tunnel.

As for Najib and Gang and every despicable scum involved in framing this bizarre agreement . . . they have sabotaged our nation's economy and made us all bear the unnecessary costs for years and decades to come. In effect they have waged war against our Motherland . . . against the Rakyat . . . and should be charged with treason.

- KijangMas Perkasa -

Posted by mayongzheng > 2018-06-11 13:34 | Report Abuse

爱未来马来西亚人民而转发。

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-11 14:27 | Report Abuse

Why put these explanations so elaborately here ? Send recommendations n comments to the relevant authorities !! Mof will be one ! Whatever , gkent will go up !

ray1980

2,992 posts

Posted by ray1980 > 2018-06-11 14:44 | Report Abuse

Peter Ng,I agreed.Like education don't inside political.Forum don't inside political also.

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-11 15:05 | Report Abuse

Ray1980 right bro ! Save the time to read ! Concentrate on gkent n it's news !

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-11 15:13 | Report Abuse

Hope today can pass 1.50 mark !

ray1980

2,992 posts

Posted by ray1980 > 2018-06-11 15:14 | Report Abuse

Tq,bro.Let's us to learn.Today until day four,the technical TP possible to 1.65 to 1.71.Why brothers n sisters want to profit taking first? Retailer n fund manager using technical chart to trade also.Wait n see how to realize this point.On this three I used this technical trade style earned others share like Astro.Never low n never high.This is my sharing.

Posted by flashprofits > 2018-06-11 16:14 | Report Abuse

Peter Ng, don’t bother la. All those kaki said GK go below rm1 has gone now. Because of their genius TA n FA. Rm1.50 has been touched second attempt now. Once break 1.500, then see you at Rm1.60.

Posted by flashprofits > 2018-06-11 16:16 | Report Abuse

Goverment canceled myeg two projects also can rebound well. GK with smaller sharebase should rebound even greater.

signalmw

3,314 posts

Posted by signalmw > 2018-06-11 16:18 | Report Abuse

now also high the price

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-11 16:23 | Report Abuse

Ok ! Thks !

Posted by Maurice1688 > 2018-06-11 16:26 | Report Abuse

Even gbgaqrs hss wct also can rebound

ray1980

2,992 posts

Posted by ray1980 > 2018-06-11 16:44 | Report Abuse

1.40 to 1.70 is profit range for short term.So I say brothers n sisters rational n relax.Don't earning few,loss more every time trade.Just for my experience sharing.tq.

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-11 16:57 | Report Abuse

Ray1980 what re you saying ? Can't understand !

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-11 17:10 | Report Abuse

Re u saying we should wait n not sell for shaft term profit but wait as it can go
Up some more in the longer term ?

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-11 17:11 | Report Abuse

Short

ray1980

2,992 posts

Posted by ray1980 > 2018-06-11 17:13 | Report Abuse

Once up above 1.50,can go up 1.60.Second,up above 1.60,then will go up 1.70.This up trend will realize until day four if no bad news on local n world.All r show on the technical share chart.Welcome study the share chart.tq.....Like inari(0138) today lowest at RM 2.21,but closed at RM 2.2×.They can seen on the share chart.

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-11 17:59 | Report Abuse

Ok I see what you mean ! ️Tq bro !

ray1980

2,992 posts

Posted by ray1980 > 2018-06-11 19:02 | Report Abuse

Peter Ng,u r welcome.Relax...Ha ha.

Posted by KYY_GREATEST_INVESTOR > 2018-06-11 19:03 | Report Abuse

where the sohem that said log case to macc? haha gkent going 2.0 now. I will wait macc open case ya haha bloody retard

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-12 10:08 | Report Abuse

Hahaha so- hem hiding !

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-12 10:08 | Report Abuse

Can cross 1.50 today

Posted by chewysoon82 > 2018-06-12 10:19 | Report Abuse

good...cross 1.50...

ChickyWaWa

243 posts

Posted by ChickyWaWa > 2018-06-12 10:24 | Report Abuse

Anyone knows the quarterly result?

120453

712 posts

Posted by 120453 > 2018-06-12 10:47 | Report Abuse

Mana the rumours mongers

Peter Ng

414 posts

Posted by Peter Ng > 2018-06-12 11:08 | Report Abuse

Don't care about them bro , just move forward ! Even those bought at 1.42 also can earn money . Can advance further gkent ..b positive !

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