Great company and good prospects.They might lost railway job right now but this company dare to try new business like what they had done from meter product maker to railway company.There are possibilities that they will try new segment since they have huge cash inside.
Good to keep for mid term investor. Drop more,buy more.
KUALA LUMPUR (June 14): The FBM KLCI is likely to remain muted today ahead of the Hari Raya Aidilfitri holiday as Bursa Malaysia officially closes after the morning session.
U.S. Treasury yields jumped and Wall Street reversed earlier gains to close lower on Wednesday, after the Federal Reserve raised interest rates and signaled that two more hikes could be coming this year, according to Reuters.
Ten-year U.S. Treasury note yields hit a one-week high, while two-year note yields rose to a three-week peak after the Fed's decision to raise its benchmark overnight lending rate a quarter of a percentage point, to a range between 1.75 percent and 2 percent, it said.
The Dow Jones Industrial Average fell 119.53 points, or 0.47 percent, to 25,201.2, the S&P 500 lost 11.22 points, or 0.40 percent, to 2,775.63 and the Nasdaq Composite dropped 8.10 points, or 0.11 percent, to 7,695.70, said Reuters.
Based on corporate announcements and news flow yesterday, companies in focus today may include: Supermax Corp Bhd, E.A. Technique (M) Bhd, Enra Group Bhd, Petra Energy Bhd, GFM Services Bhd, Mega First Corp Bhd and Gas Malaysia Bhd.
n the MRT2 and LRT3 projects, Loke said they would proceed as planned, as they were ongoing projects implemented well in advance.
“The MRT2 is an ongoing project. We won’t touch it and the same goes for the LRT3. However, in terms of costing and so on, they may be reviewed by the Finance Ministry. It is up to them to decide,” he added.
Yes, Mrt 2 and Lrt 3 to continue. Next 3 years, George Kent has stable earnings visibility while it explore other business ventures (smart metering) and other rail projects.
Mrt2 n lrt3 still on.If review the cost of projects,the 5.38 billion revenue will less than this figure,right?So may be the total revenue will reduce to 4.5 to 5 billion?
DATA watchers know that student loans provider Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) and Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA) are among the largest issuers of debt guaranteed by the federal government, which stood at RM238.1 billion as at end-2017.
The status of their guarantees is unchanged. Yet, contrary to The Edge’s estimates last week, the RM40.2 billion owed by PTPTN and the RM11.5 billion by LPPSA, a statutory body that gives out loans to civil servants, have not been included in the RM199.1 billion that the federal government counts as committed government guarantees as at end-2017.
“The [RM238.1 billion] has not changed. Neither is there any reclassification. What the MoF (Ministry of Finance) has done is evaluate each of these government guarantees and determine if we are already being called to service these [debt]. So, in the case of DanaInfra (Nasional Bhd) and Prasarana (Malaysia Bhd), we are already being called to service their debt … Khazanah (Nasional) and TNB (Tenaga Nasional Bhd) we don’t include because [they] are fully able to service their debt … If we were to add all the non-committed government guarantees, the [federal government] debt figure would be even higher,” says Tony Pua, special officer to the Minister of Finance and Member of Parliament (MP) for Damansara.
Simply put, those on the new list “have little to zero potential” of generating revenue and LPPSA and PTPTN were excluded because the statutory bodies “have revenue-generation capability, for example through loan service repayments”, and have so far not required the government to service their debt.
It is worth noting that the federal government transferred civil service housing loans of RM21.9 billion to LPPSA off the balance sheet in January 2016 and only RM4 billion showed up on the government guarantee list at end-2016, which grew to RM11.5 billion by end-2017.
If all of the guaranteed debt of excluded companies and statutory bodies were to be counted, federal government debt and guarantees could rise from RM1.0873 trillion (80.3% of GDP) to RM1.2139 trillion (89.8% of GDP), a back-of-the-envelope calculation shows. We assume the RM3.9 billion under SRC International Ltd (1Malaysia Development Bhd’s former subsidiary now under Minister of Finance Inc) has been counted under 1MDB.
As announced on May 24, federal government debt of RM1.0873 trillion as at end-2017 is made up of (1) RM686.8 billion official debt; (2) RM199.1 billion committed government guarantees [items (A)+(B)+(C) in the table]; and (3) RM201.4 billion committed lease obligations from a list of public private partnership (PPP) projects.
In deriving the RM199.1 billion, the largest debt was Pembinaan PFI Sdn Bhd’s RM50.2 billion, followed by DanaInfra’s RM42.18 billion. DanaInfra is a special purpose vehicle (SPV) that borrowed to fund infrastructure projects including the mass rapid transit (MRT).
“PFI’s loans do not appear as a contingent liability in the Memorandum of Guarantees in the Accountant General’s Report because the repayments to its lenders are structured as ‘rental’ payments by the government rather than as debt- servicing charges for an SPV that issues bonds such as DanaInfra,” says Ong Kian Ming, special officer to the Minister of Finance and MP for Bangi, who has written extensively on PFI.
1MDB — which only had a debt of RM9.5 billion on the “old” guaranteed debt list — is third with RM38.3 billion. According to Ong, the RM38.3 billion is 1MDB’s net debt — a figure derived after deducting the RM11.35 billion cost of its land assets from its RM49.6 billion total debt commitment (principal plus interest from April 2018).
Other large holders of guaranteed debt include rail owner-operators: Prasarana, which owns and operates Malaysia’s LRT and KL Monorail networks (RM26.6 billion); and Malaysia Rail-Link Sdn Bhd, owner and operator of the East Coast Rail Line project (RM14.49 billion).
Then there is Pembinaan BLT Sdn Bhd’s RM8.5 billion. The company is owned by Minister of Finance Inc and has built at least 74 projects with a gross development value (GDV) of RM9 billion for the Royal Malaysian Police (PDRM), and whose debt did not appear on the old list. It raised RM10 billion in bonds secured by guaranteed rental payments by the government for the use of police quarters built by it, Ong says.
When asked about the difference between the new and old debt classifications, Finance Minister Lim Guan Eng reiterates the government’s commitment to transparency, which means the necessary disclosures are likely to continue.
If like that,I think may be many sector company cannot safe on this five years under PH government.And may be this reason,foreign fund was withdrawal their money back to own country.“其实国家会走向何方,你我都不知道“。But I hope will be good on future la.
PH government tried to cut down the debts but on the other hand give brim, set up another 3rd. national car, enlarge island near singapure, etc... wasted.
in japan, tun mahathir was mentioned that our country debts currently reaching 1 trillion 'DOLLAR' instead of 1 trillion 'RINGGIT' = 1 X 4 -> 4 trillion ringgits ? it's very misleading, no wonder foreign investment keep cabut lari..
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....
Peter Ng
414 posts
Posted by Peter Ng > 2018-06-13 09:35 | Report Abuse
If you feel gkent is useless , go away !