GEORGE KENT (M) BHD

KLSE (MYR): GKENT (3204)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.36

Today's Change

-0.005 (1.37%)

Day's Change

0.355 - 0.365

Trading Volume

382,000


15 people like this.

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

m_aloha

607 posts

Posted by m_aloha > 2018-07-04 17:43 | Report Abuse

Nice...operator start the engine

rogers123

4,018 posts

Posted by rogers123 > 2018-07-04 18:05 | Report Abuse

Hahaha.

rogers123

4,018 posts

Posted by rogers123 > 2018-07-04 18:05 | Report Abuse

Fast money

rogers123

4,018 posts

Posted by rogers123 > 2018-07-04 18:05 | Report Abuse

Buy gkent.

rogers123

4,018 posts

Posted by rogers123 > 2018-07-04 18:05 | Report Abuse

U wont regret

rogers123

4,018 posts

Posted by rogers123 > 2018-07-04 18:05 | Report Abuse

Buy more earn more

PN17

321 posts

Posted by PN17 > 2018-07-04 18:07 | Report Abuse

today is fake rebound?

malpac63

208 posts

Posted by malpac63 > 2018-07-04 18:41 | Report Abuse

SBB 300,000 shares all at 1.14.

williamtkb

3,216 posts

Posted by williamtkb > 2018-07-04 18:50 | Report Abuse

Wait below RM1.

Calvin882

1,562 posts

Posted by Calvin882 > 2018-07-04 19:36 | Report Abuse

No news. Unsustainable rebound

m_aloha

607 posts

Posted by m_aloha > 2018-07-04 19:38 | Report Abuse

Tmr another sbb

Gkent

15 posts

Posted by Gkent > 2018-07-04 20:37 | Report Abuse

William even drop until below rm1 u also no dare to buy one, because u will say wait for 0.90 0.80 0.70......

Gkent

15 posts

Posted by Gkent > 2018-07-04 20:39 | Report Abuse

'If you wait for the robins, spring will be over'

Gkent

15 posts

Posted by Gkent > 2018-07-04 20:41 | Report Abuse

I know a lot of people lose money in Gkent but I earn......

Gkent

15 posts

Posted by Gkent > 2018-07-04 20:42 | Report Abuse

Sohai people always put negative comment here..

Posted by Vincent Mok > 2018-07-05 00:48 | Report Abuse

GKENT not in ERCL right

Parkson18

167 posts

Posted by Parkson18 > 2018-07-05 04:49 | Report Abuse

LGE is smarter Finance Minister. He doesn't want our debts become RM 1.3-1.5 trillion if continue ECRL.

GoodBoy ECRL told to suspend all works immediately ... This will include all activities under the contract' s engineering, procurement, construction and commissioning areas ...
04/07/2018 16:43

Parkson18

167 posts

Posted by Parkson18 > 2018-07-05 04:53 | Report Abuse

G Kent finance will be weaken if PH keep cancel projects ie HSR, MRT3 and latest ECRL. Maybe exisiting MRT2 can even save cost?

Vincent Mok GKENT not in ERCL right
05/07/2018 00:48

Parkson18

167 posts

Posted by Parkson18 > 2018-07-05 04:53 | Report Abuse

Najib Faces Jail Time, Whipping After Being Charged in 1MDB Case
https://www.theedgemarkets.com/article/najib-faces-jail-time-whipping-after-being-charged-1mdb-case

ray1980

2,992 posts

Posted by ray1980 > 2018-07-05 08:16 | Report Abuse

Total revenue for construction department will less than u guys thinking on next qr to qr coming!

Posted by Tabung_Harapan > 2018-07-05 09:07 | Report Abuse

OTB pls donate since you gain so much from BN.

Investeye

2,347 posts

Posted by Investeye > 2018-07-05 10:51 | Report Abuse

LRT3 (don't confuse with MRT3) is progressing well, the only problem is facing by GK is the construction business visibility after 2019..

newbie8080

2,768 posts

Posted by newbie8080 > 2018-07-05 11:16 | Report Abuse

The entire construction industry is so quiet. Not much news of any job allocation since GE14.

Hope88

324 posts

Posted by Hope88 > 2018-07-05 11:58 | Report Abuse

today pull back

Data5000

388 posts

Posted by Data5000 > 2018-07-05 13:26 | Report Abuse

(吉隆坡4日讯)政府检讨大型发展工程,分析员估计两年内将有1059亿令吉工程撤销,建筑业一片凄风苦雨,全年新合约恐怕剩下150亿令吉左右,远低于2017年的290亿令吉和2016年的560亿令吉。

第二季上市建筑公司获颁的国内新建筑合约共41亿令吉,虽然按年增加2%,却比第一季少10%,上半年新合约仅有87亿令吉,也比前期低18%。新合约中仅有一项超过4亿令吉,即关丹污水处理站和水管合约。

丰隆研究指出,4至6月发放的建筑工程比1至3月少,主要归因于新政府取消隆新高铁和捷运三线(MRT3),并检讨东海岸衔接铁道(ECRL)、捷运二线(MRT2)和轻快铁三线(LRT3)。

今年第一季和去年第四季新合约分别是46亿和109亿令吉,多为轻快铁三线和捷运二线配套工程。

上半年海外新合约仅1.49亿
急降87%

外国业务方面,丰隆认为,虽然第二季建筑公司并未获得任何外国新合约,但随着国内建筑业增长减缓,相信建筑公司会更积极争取海外工程。总结上半年,海外新合约总值只有1亿4900万令吉,按年急降87%。

丰隆保持建筑业的“中和”评级,推荐买进的建筑股包括怡保工程(IJM,3336,主板建筑组)和双威建筑(SUNCON,5263,主板建筑组),目标价分别是2令吉23仙和2令吉37仙。“尽管短期内国内市场料无明显改善,但建筑公司过去两年接下可观合约,平均订单覆盖率达4.9倍,这有助于保持稳定获利。”

大马投行则调低建筑业评级至“中和”,只给予金轮企业(KIMLUN,5171,主板建筑组)“买进”评级,目标价1令吉61仙。

大马投行表示,如果政府决定推行公共工程减轻外围影响,将考虑调高建筑业评级至“加码”。万一已发放的工程取消,公共财务也不利推行基建项目,则可能降级至“减码”。

Posted by Vincent Mok > 2018-07-05 16:50 | Report Abuse

RUN...run

peterchu

582 posts

Posted by peterchu > 2018-07-05 17:55 | Report Abuse

gkent will learn to extract oil now. no worry

venture into oil and gas

xgakuseix

152 posts

Posted by xgakuseix > 2018-07-07 11:55 | Report Abuse

Enter oil?
I think this company able to enter any business since they expanded from meter business to constructions.
Got money, on top of that, good leader, surely they will penetrate new business.

4444

1,800 posts

Posted by 4444 > 2018-07-08 12:48 | Report Abuse

Under PH 1 by project cancel. HSR, MRT3 and latest ECRL. Perhaps LRT3, MRT2 cut cost next?

4444

1,800 posts

Posted by 4444 > 2018-07-08 12:49 | Report Abuse

After 2 years GKent left water business? 50 sen TP. Sell now you get RM 1.16.

Posted by Tabung_Najib > 2018-07-08 15:15 | Report Abuse

?

ChickyWaWa

243 posts

Posted by ChickyWaWa > 2018-07-08 21:05 | Report Abuse

Jia Latt!

lachai2004

589 posts

Posted by lachai2004 > 2018-07-08 22:43 | Report Abuse

Q(吉隆坡8日訊)隨著各項基建項目遭擱置,鐵路工程大戶喬治肯特(GKENT,3204,主要板建築)股價自全國大選至今已大瀉超過70%;如今再驚傳與中國交通建設股份有限公司(CCCC,簡稱中國交建)的聯營出現裂痕,前景堪憂。



喬治肯特主席丹斯里陳溪福此前與前首相拿督斯里納吉關係良好,更在前朝政府時期獲頒數項鐵路工程,無限風光。然而,隨著大馬政權變更,多項基建項目在新政府手上喊停,喬治肯特前景瞬間黯淡無光。

東海岸鐵道計劃(ECRL)、捷運第三幹線(MRT3)和隆新高鐵計劃皆遭擱置,如今僅剩與中國交建聯營進行的捷運第二幹線(MRT2)工程仍在進行中。截至4月份,MRT2工程已完成25%。

不過,財經周刊《The Edge》 引述知情人士報導,喬治肯特與中國交建據傳因MRT2旗下一項總值10億令吉的系統工程配套產生矛盾,雙方糾紛經已傳入捷運公司(MRT Corp)高層耳里。捷運公司總執行長拿督斯里沙里爾僅稱將密切留意此事,拒絕多做回應。

喬治肯特股價曾在今年3月15日上探4.36令吉,倍受券商看好。然而,截至上週五(6日),該股已從最高點墜至1.16令吉,勁挫73%。

peterchu

582 posts

Posted by peterchu > 2018-07-09 08:14 | Report Abuse

Construction cost, which has gone up to RM15bil, under tight scrutiny

PETALING JAYA: Prasarana Malaysia Bhd is considering taking over the construction of the Light Rapid Transit line 3 (LRT 3) from its project delivery partner (PDP) to curb its spiraling cost.

According to sources, the government is reviewing the project as cost has ballooned from the initial estimate of RM9bil in 2015 to more than RM15bil.

“The government is expected to make a decision on the project soon,” a source said.

Construction at the site had already reached 10%, with most of the work contracts awarded.

It is estimated that more than RM15bil worth of construction jobs had been farmed out to contractors, including a RM1.1bil underground package awarded to IJM Corp Bhd in March.

The 37km extension line from Bandar Utama to Klang through Shah Alam, when it was launched in 2015, was projected to cost RM10bil, including RM1bil set aside for land acquisitions.

Reducing the size of the project would help to cut down cost. Other options being considered, sources said, included reverting to the turnkey model to complete the project.

In 2015, Prasarana appointed Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd as the PDP for the LRT 3 project at an approved construction budget of RM9bil.

The PDP fee for the LRT 3 project, at its construction cost of RM15bil, would amount to RM900mil.

Kenanga Research, in a report last Friday, said with most of the work packages for the LRT 3 having been awarded, it was likely that the construction cost has blown past its original target.

With the ongoing project cost review, Kenanga said there is uncertainty about the continuity of the LRT 3 project despite most of the contracts having been awarded.

As the PDP partner, MRCB and George Kent are responsible for the design and construction of the LRT 3 project. The PDP partner will also assume the risk of cost overruns or delays.

However, despite the award of the PDP back in 2015, the total construction cost of the project has yet to be finalised.

Prasarana, which is a government-owned company, has the approval to raise up to RM10bil in debts to pay for the project. Bursting the budget would require the company to seek fresh Cabinet approval for additional funds.

“There is also a possibility that the project might be shelved given the current financial constraints,” one source said.

It is believed that that design changes to the original LRT 3 plan has contributed to the project’s rising cost.

For example, some of the 26 stations along the line were upgraded to accommodate new features and a bigger passenger capacity at a substantial increase in construction cost.

The cost of some stations have increased from an initial RM80mil to almost RM200mil.

The LRT 3 is the first project by Prasarana to be undertaken based on the PDP model that had been successful in delivering the Klang Valley Mass Rapid Transit (KVMRT) project.

The PDP model was introduced in 2012 for the construction of the KVMRT project, which was awarded to a joint venture (JV) between MMC

peterchu

582 posts

Posted by peterchu > 2018-07-09 08:14 | Report Abuse

*hope can limit down with this news

ray1980

2,992 posts

Posted by ray1980 > 2018-07-09 09:18 | Report Abuse

Always limit down mean no hope for future.U guys want to invest?

tnang

694 posts

Posted by tnang > 2018-07-09 09:25 | Report Abuse

new low 1.10, previous 1.12

ray1980

2,992 posts

Posted by ray1980 > 2018-07-09 09:32 | Report Abuse

Technical show will down below 1.10, becareful!!!

RainT

8,448 posts

Posted by RainT > 2018-07-09 10:04 | Report Abuse

No hope this counter

traderman

7,854 posts

Posted by traderman > 2018-07-09 10:35 | Report Abuse

already no hope since 509. the fall of the golf buddy. but people living in the state of denial thinking gkent will get more harapan projects

newbie8080

2,768 posts

Posted by newbie8080 > 2018-07-09 10:57 | Report Abuse

Prasarana taking over LRT3?

Means taking over Gkent as PDP?

newbie8080

2,768 posts

Posted by newbie8080 > 2018-07-09 11:18 | Report Abuse

Gkent MRT2 encountering issues

The relationship between China Communications Construstion Co Ltd and its JV partner GKent is understood to be fraying at the seams because of issues. The two companies have a JV called CCCC-GKent JV on a 51:49 basis.

The cause of the problems is understood to be the RM1 billion systems work package for the Sungai-Buloh-Serdang-Putrajaya MRT2, which the two companies had bagged in Aug 2016.
MRT Corp officials said they are watching them closely.
Without any replies from GKent, it is difficult to gauge how issues concerning the contract may impact the company or its RM5.38 billion order book.

Meanwhile CCCC has been-GKent JV comes on the back of the Malaysian government suspending work on the RM81 billion ECRL.
It is also worth nothing that CCCC in partnership with CCCC Sdn Bhd, might have been one of two companies shortlisted by the BN government for the construction of the RM45 billion MRT3.
GKent’s chairman Tan Sri Tan Kay Hock, who controls 42.21% stake onf GKent is lcose associate to Najib. GKent’s success in recent years was the result of strong political connections.
Its fortunes changed when from dealing in water meters and diversified into rail construction, largely JV Ampang LRT project, LRT3 and other lucrative large rail jobs.
However since the BN government was toppled, things have taken a turn for the worst at GKent and the market has reacted to the uncertainty surrounding the company.

Till 06 July 2018, the company had shed 70% since GE14. The sell down in GKent can be attributed to its weak earnings prospects. With its future projects more or less gone, most market watchers were banking on CCCC-GKEnt JV’s MRT2 contract to maintain its earnings. Now (July 2018) even that seems to be in trouble.


While its outlook appears dim, GKent had cash and bank balances of RM396.74 million as at April 2018 while its short term borrowings stood at RM51.01 million and RM2.21 million. Retained earnings amounted to RM257.95 million.

ChickyWaWa

243 posts

Posted by ChickyWaWa > 2018-07-09 14:03 | Report Abuse

Anyone knows the outcome of today's meeting?

bubu

91 posts

Posted by bubu > 2018-07-09 14:35 | Report Abuse

这个gkent真是坑杀不少散户

GoodBoy

6,594 posts

Posted by GoodBoy > 2018-07-09 14:37 | Report Abuse

Wah ... really can go below 1.0 ...

peterchu

582 posts

Posted by peterchu > 2018-07-09 14:39 | Report Abuse

erkongseng lol. a certify shit investor

Posted by Cockroach Paul Lee > 2018-07-09 14:50 | Report Abuse

railway contract take over by others? this news caused Gkent stomachache laosai?

Posted by mayongzheng > 2018-07-09 14:56 | Report Abuse

大家不是很相信erkongseng (si muka pucat)的吗.

Post a Comment
Market Buzz