Posted by ray1980 > 2018-07-10 15:43 | Report Abuse

Down trend still running!KLCI index go green can't help also.

Posted by ray1980 > 2018-07-10 19:36 | Report Abuse

LGE told public LRT3 project need total cost 31++billion.Not 9 billion only.

Posted by ray1980 > 2018-07-10 19:39 | Report Abuse

Why so many news for projects?Not fair for investors who invest this counter.

Posted by ray1980 > 2018-07-10 19:45 | Report Abuse

Lebih baik gk sendiri keluar daripada kerja ini lebih senang.Seperti ytl keluar daripada kerja bina kilang elekrik baru.

Posted by Patrick13 > 2018-07-10 20:25 | Report Abuse

KUALA LUMPUR, July 10 — The Ministry of Finance blamed Prasarana Malaysia today for poorly managing the Light Rail Transit 3 (LRT3) project that caused projected costs to triple from RM10 billion to RM31.45 billion.

Finance Minister Lim Guan Eng noted that Prasarana Malaysia previously secured a government guarantee for an RM10 billion bond facility to fund the Klang Valley project in 2015, but the government-owned public transportation company requested for an additional RM22 billion in government guarantee on March 30 this year to ensure funding to complete the project.

“The Ministry of Finance has already requested Prasarana to drastically review the cost of the project to ensure its viability.

“The Ministry of Finance will not support any additional funding required for the project unless the cost of the LRT3 project is significantly rationalised without compromising on the integrity of the rail network as well as the safety and the quality of service provided,” said Lim in a statement.

https://www.malaymail.com/s/1650867/mof-lrt3-cost-tripled-to-rm31b-under-prasaranas-poor-management

Posted by viagra > 2018-07-10 20:27 | Report Abuse

Tomorrow rm 2

Posted by peterchu > 2018-07-10 20:31 | Report Abuse

Tomorrow rm 3

Posted by lizi > 2018-07-10 20:49 | Report Abuse

gkent ah gkent, please explain how come 9b to 15b to 31b ah??

http://www.theedgemarkets.com/article/minister-says-lrt3s-cost-has-jumped-rm3145b-not-feasible-unless-drastic-cut-made#.W0SgfN-3IxA.facebook

Posted by Hohup > 2018-07-10 20:53 | Report Abuse

Tomorrow RM5 LOL

Posted by ray1980 > 2018-07-10 20:53 | Report Abuse

Government is ATM machine for all?Need more n more money to running the projects?Oh,my god!!!

Posted by UMNO2 > 2018-07-10 21:08 | Report Abuse

lizi UMNO no more money bec not in power. So they ask G Kent raise LRT3 project cost so they gain from revised cost. Might be 50-50 share between UMNO and G Kent.

lizi gkent ah gkent, please explain how come 9b to 15b to 31b ah??

http://www.theedgemarkets.com/article/minister-says-lrt3s-cost-has-jum...
10/07/2018 20:49

Posted by 10211616586997048 > 2018-07-10 21:09 | Report Abuse

Was hoping it would go below 1.05 then buy in

Posted by 10211616586997048 > 2018-07-10 21:10 | Report Abuse

Bought at 1.07 ! Please go up tomorrow

Posted by peterchu > 2018-07-10 21:11 | Report Abuse

lol. matter of time will break 1.0

Posted by Beary > 2018-07-10 21:13 | Report Abuse

Told you guys 2 months ago that gkent will become penny stock eventually.

Still don't believe me?

Posted by emil > 2018-07-10 21:23 | Report Abuse

Gkent go back to water meter biz.....TP lower to 45sen only

Posted by ray1980 > 2018-07-10 21:24 | Report Abuse

Where are IB? Please give us some new Tp?And research report for investors?

Posted by lizi > 2018-07-10 22:28 | Report Abuse

u also said they not in power ma...where got water fish agree to raise cost oh? nanti gov take over the project 1 sen also tak bagi baru tau.

Posted by UMNO2 > Jul 10, 2018 09:08 PM | Report Abuse

lizi UMNO no more money bec not in power. So they ask G Kent raise LRT3 project cost so they gain from revised cost. Might be 50-50 share between UMNO and G Kent.

lizi gkent ah gkent, please explain how come 9b to 15b to 31b ah??

http://www.theedgemarkets.com/article/minister-says-lrt3s-cost-has-jum...
10/07/2018 20:49

Posted by lizi > 2018-07-10 22:29 | Report Abuse

see ECRL...got china also still call for suspension....don't play play....

Posted by Nelson Tang > 2018-07-10 22:33 | Report Abuse

明天应该逃不了，林神你让股民很受伤

Posted by davidkkw79 > 2018-07-10 22:38 | Report Abuse

Holland tomorrow

Posted by life123 > 2018-07-10 22:53 | Report Abuse

http://www.focusmalaysia.my/Mainstream/mrcb-george-kent-may-benefit-from-higher-lrt3-cost

Not sure how our MOF comes out with 30b calculation.

If the project cost really hit 30billion, well gkent can earn more. If the project cut cost to initial amount which is 9 billion , then I assume gkent earning is consistent with IB forecast.

Based on recent news, it seems unlikely lrt cost will lower than 9 billion ?

Posted by viagra > 2018-07-11 00:04 | Report Abuse

this share cant use technical analysis anymore... its too sentimental... hope for the best all buddy who had faith in this share

Posted by 10211616586997048 > 2018-07-11 07:46 | Report Abuse

Hv faith fundamentals re good

Posted by Patrick13 > 2018-07-11 08:31 | Report Abuse

First things first, must understand why the LRT 3 cost will increased from 9bil to 30bil as per LGE says.
If this is because rising materials cost, this is not PDP fault.
If this is because improper cost management either by Prasarana or PDP, they need to bear the cost overruns. Because the job of PDP is to ensure the delivery of targeted cost and completion time.
Based on LGE comments, it sounds like now is Prasarana issue, neither George Kent or MRCB.

The new Government minister must comment with facts and objective to avoid misinterpretations to the market.

Posted by tnang > 2018-07-11 09:03 | Report Abuse

ini kali lah, below RM1

Posted by Zoe0016 > 2018-07-11 09:06 | Report Abuse

i tot u bought at 1.07 ?

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

Sold already with good KFC dinner

Posted by lizi > 2018-07-11 09:17 | Report Abuse

if I am not mistaken, LRT3 has the most strigent deliverable control where those contractor who got the project must ensure complete on-time, any delayed will be penalised...and that penalty is not small, can cause bankrupt.....that's why not many dare to tender lrt3.....

Posted by vivabursa > 2018-07-11 09:19 | Report Abuse

MOF keeps on making assumption figures...

Posted by Patrick13 > 2018-07-11 09:40 | Report Abuse

Top up at 1.04.

Posted by wantousek > 2018-07-11 10:01 | Report Abuse

kesian gkent..one word out of tokong lim and gkent can fall just like that...

Posted by peterchu > 2018-07-11 10:03 | Report Abuse

dont blame lge, gkent already game over after 509. is you all misleading by erkongseng.

the company already say will focus back water meter business ... which mean share price is fully value between 0.9-1.0

Posted by tnang > 2018-07-11 10:06 | Report Abuse

ini kali lah, below RM1

Posted by newbie8080 > 2018-07-11 10:20 | Report Abuse

WOw, almost RM1 already.

I recalled a few individuals here saying it will reach RM2 soon.

Posted by 10211616586997048 > 2018-07-11 10:28 | Report Abuse

Even cheaper now ! Can top up !

Posted by tnang > 2018-07-11 10:35 | Report Abuse

new low RM 1

Posted by peterchu > 2018-07-11 10:48 | Report Abuse

ya buy more now, sure can sell 0.95

Posted by 10211616586997048 > 2018-07-11 10:53 | Report Abuse

Why la so pessimistic ? You lost money er ?

Posted by ZhanLang > 2018-07-11 10:56 | Report Abuse

Durian King lelong lelong lelong , rugi pun nak jual , nak lari saja ...

Posted by GoodBoy > 2018-07-11 10:58 | Report Abuse

Below 1.0 could be coming very soon ...

Posted by ZhanLang > 2018-07-11 11:00 | Report Abuse

share buy back pun laosai =.= , call CEO go to die la... , like this don't buy back , use buy back money to pay dividen lagi baik

Posted by tnang > 2018-07-11 12:15 | Report Abuse

without share buy back , what will the price? below RM1

Posted by ray1980 > 2018-07-11 12:23 | Report Abuse

SBB sudah gagal dalam tempoh masa kini.Sayang kasih.

Posted by newbie8080 > 2018-07-11 12:23 | Report Abuse

The share buy back quantum too small to push up share price.
The company is not genuinely buying much.

Real share buy back will look like YTL Corp or YTL Power.
Everyday consistently more than 5 mil share buy back.

Posted by Beary > 2018-07-11 12:25 | Report Abuse

Sell your lousy gkent

Go buy gadang and recoup your losses

Posted by williamtkb > 2018-07-11 12:59 | Report Abuse

Wao...RM 1 touched today. Get ready to collect below 1

Posted by Patrick13 > 2018-07-11 13:07 | Report Abuse

KUALA LUMPUR (July 11): Prasarana Malaysia Bhd said today it will work closely with the Ministry of Finance and both its Project Delivery Partners to bring down the total cost of the light rail transit line (LRT3) project.

In a statement today, the state-owned transportation company said it took cognisanse of Finance Minister Lim Guan Eng’s statement with regards to increase in the total cost of the LRT3 project.

President and group chief executive officer of Prasarana, Masnizam Hisham – appointed in January this year in replacement of the outgoing Datuk Seri Azmi Abdul Aziz – said the management had in fact begun cost reduction processes since February.

“We will continue to work closely with the Ministry of Finance and Project Delivery Partners [Malaysian Resources Corp Bhd and George Kent (M) Bhd] to identify additional areas that may help reduce said cost,” said Masnizam.

Prasarana’s statement today came after Guan Eng’s call for a drastic cost reduction to make the project feasible and cost-effective, as the projected total cost of the light rail transit line 3 (LRT3) project has spiraled to a whopping RM31.45 billion.

To recap, the latest cost estimate is significantly higher than the RM15 billion cited in recent news reports. The original estimate when the project was launched in 2015 was RM9 billion.

Guan Eng blamed it on Prasarana's poor management, adding that the ministry will not support any additional funding required for the project unless the cost is “significantly rationalised without compromising the rail network’s integrity as well as the safety and quality of service provided”.

https://www.klsescreener.com/v2/news/view/402907/prasarana-to-work-closely-with-mof-pdp-in-lrt3-cost-reduction

Posted by ray1980 > 2018-07-11 13:09 | Report Abuse

SBB need million n million units collect.But Gk bought small volume only.Retailers bought more than Gk.Very funny.

Posted by stockintalk > 2018-07-11 13:09 | Report Abuse

如没有全面减低成本，等于喊停。
如愿意接受减低成本，Mrcb,gkent,gamuda建筑盈利肯定cut .
这也意味着最新目标价将调低至rm1.00-1.20.