Posted by peterchu > 2018-07-11 13:15 | Report Abuse

Do you all think when company said construction project can last 2-3 years only and focus back water meter business is a good news?

Posted by Parkson > 2018-07-11 13:21 | Report Abuse

Parkson SBB is best example drop from RM 3 to 40-50 sen currently why G Kent SBB cannot?

Posted by ray1980 > 2018-07-11 13:24 | Report Abuse

Can't see bright n clear future.When the market high risk now.

Posted by JiakSaiTrader > 2018-07-11 14:22 | Report Abuse

gkent gg liao lo, penny stock wanabe aiyoyo

Posted by tnang > 2018-07-11 14:37 | Report Abuse

new low 98.5 penny stock officially

Posted by GoodBoy > 2018-07-11 14:37 | Report Abuse

Wah ... It's below 1.0 already ... very scary, keep falling ... Could drop til 0.85 NTA or below ...

Posted by bubu > 2018-07-11 14:39 | Report Abuse

Just stand aside and analyze the pic as a whole, is not hard to understand. Just some of ppl sitting on same boat with tan kay hock too early, if now only jump they will bleed profusely...so they forced to cont sit beside him....

Posted by Jim Tan > 2018-07-11 14:49 | Report Abuse

Time to buy

Posted by peterchu > 2018-07-11 14:50 | Report Abuse

yes, harapan will have lrt project coming back

Posted by WanUtama2015 > 2018-07-11 14:56 | Report Abuse

MRCB-Gkent as PDP managed the project poorly.

Posted by GoodBoy > 2018-07-11 15:20 | Report Abuse

US vs China trade war is getting more serious ... Market big crash could be coming soon ...

Posted by bubu > 2018-07-11 15:40 | Report Abuse

peterchu Do you all think when company said construction project can last 2-3 years only and focus back water meter business is a good news?

For those same boat with tkh might be a positive catalyst :)

Posted by williamtkb > 2018-07-11 15:46 | Report Abuse

Still not meeting my buying TP 90cents. I still waiting someone to sell down. Haha

Posted by dompeilee > 2018-07-11 16:12 | Report Abuse

Down some more? No sweat! I only bought 655 units @ 1.12 that day...lots of bullet$ left 2 average down =)

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

My great success story with Huaan last year taught me to take my time to buy & spread it out over a long period of time...

Posted by 10211616586997048 > 2018-07-11 16:50 | Report Abuse

Tomorrow up again for sure . Institutions playing tricks on all of us lek

Posted by isupertrader > 2018-07-11 17:05 | Report Abuse

Don't worry you all. Whether RM0.88 or RM1.10, don't wait now. Just buy and keep it for your next year ang pow. I have already done the math but too lazy to explain it here.

Posted by signalmw > 2018-07-11 17:07 | 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。

Posted by TEEXIAN1840 > 2018-07-11 17:13 | Report Abuse

︶︿︶ sad...

Posted by TEEXIAN1840 > 2018-07-11 17:17 | Report Abuse

chinese citizens who support shortsighted PH and this is the results. huhu...

Posted by Hoh Poh Chen > 2018-07-11 17:32 | Report Abuse

Will limit down tomorrow

Posted by signalmw > 2018-07-11 17:33 | Report Abuse

then can buy cheap stock here

Posted by Cockroach Paul Lee > 2018-07-11 17:40 | Report Abuse

lol... how many % malaysian chinese in Malaysia only?
now " everyone can fly with Air Asia "
and so " everyone can buy Gkent " from 4.50 to 0.98 penny stock d lol

Posted by jules2263 > 2018-07-11 17:49 | Report Abuse

Prasrana have been warned about their poor management of LRT3, not the PDP. They wanted to get rid of PDP and do themselves, hahahhahahah, they have no one. Then they wanted to cut the line in half, hahahaah, no passengers. MOF should get a competent owner in place and let PDP get on.
RM1 per share in cash in the business, a profitable business. Look at fundamentals and RM0.98 is below absolutely safe level.
No nasi lemak this morning, buying 5 GK shares instead.

Posted by ChickyWaWa > 2018-07-11 18:36 | Report Abuse

The amount of share buy back is really a joke except Monday bought 1 million share a day. Other days all 150k, 200k 300k... Very hard to believe their commitment.

Posted by sell > 2018-07-11 18:36 | Report Abuse

Run asap. Wait 50 sen safer. Water business will be left.

Posted by lkoky > 2018-07-11 18:49 | Report Abuse

GEORGE KENT MALAYSIA BHD buyback 150,000 shares from 1.020 to 1.030 on 11-Jul-2018.

funny, SBB stop after drop below 1.02...

Posted by bubu > 2018-07-11 19:12 | Report Abuse

与其一直想抄底，为什么不考虑连续沽空叻，正所谓趁它病，拿它命嘛:)

Posted by ChickyWaWa > 2018-07-11 20:13 | Report Abuse

Out of sudden, something came out from my mind...

According to 2018 annual report, their earning per share is RM0.221.

On Monday GM, the management said aiming to increase contribution of water meter business from 50% to 75%.

That means current earning contribution from water meter business is RM0.1105 per share.

Currently KLSE average P/E ratio is 16x.

That means reasonable share price for GKENT is (RM0.1105 x 16 =) RM1.768?

Even if we lower the average KLSE average P/E to 10x, means the share price is (RM0.1105 x 10 =) RM1.105?

Or, the dividend per share was 0.095 at 2018. If water metar business really contribute 50%, then the dividend for water meter is RM0.0475. Geven the FD rate now is 4%, so the share price should be (0.0475 / 0.04 =) RM1.1875?

Trying to find the reasonable price for GKENT...

Talking cock singing singing song :D

Posted by malpac63 > 2018-07-11 20:59 | Report Abuse

The ace is the cash balance. We're all in it for the cash!!

Posted by ray1980 > 2018-07-11 21:00 | Report Abuse

When trading emotion is bad now,all research n study can't work.And global problems can make the multi noise for market also.

Posted by ray1980 > 2018-07-11 21:04 | Report Abuse

Using 30% capital to investment n 70% keep standby will be good on this weakness market.

Posted by pangolin > 2018-07-11 21:17 | Report Abuse

ohhhhh.... is penny stock now ..... from hollywood super star before 509....

Posted by mastermarcus > 2018-07-11 21:49 | Report Abuse

Guys if u listen to to me don’t touch this now....bad news will out soon...

Posted by stockintalk > 2018-07-11 22:15 | Report Abuse

中国．北京11日讯）美国周二晚间就2000亿美元（约8055亿令吉）加征关税的建议产品清单征求公众意见，周三中国金融市场反映强烈：中国股市沪综指开盘大幅低开1.7%；汇率方面，人民币兑美元即期盘初大跌创7月3日以来新低。

Posted by PiddleMinger > 2018-07-11 22:50 | Report Abuse

unbelievably cheap. time to buy more tmw

Posted by ... Tom > 2018-07-11 22:54 | Report Abuse

Valueless! Should be 10 cent worth!

Posted by eleh > 2018-07-11 23:22 | Report Abuse

hehehe. look for opportunity

Posted by Sarara > 2018-07-11 23:29 | Report Abuse

u think gkent management will sit and watch share price fall meh. They certainly will find other opportunity since they are cash rich company. Gt money anythg oso can do la......

Posted by Cockroach Paul Lee > 2018-07-12 00:20 | Report Abuse

aiyo just buy la...Gkent will give everyone a new smart water meter .....use to count our tears lol

Posted by ChickyWaWa > 2018-07-12 02:58 | Report Abuse

According to GKENT website, they have 7 ongoing projects.

1 water treatment plant at Papua New Guinea,
3 hospital projects
1 MRT project
2 LRT projects.

MRT project already known in trouble and brought the share price to RM1.15.

Now LRT projects break out bad news brought the share price down to RM0.99.

Apa lagi cerita buruk boleh keluar?

Oh yes, England leading 1-0 now :D

Posted by Hope88 > 2018-07-12 07:54 | Report Abuse

thanks ChickyWaWa sharing your comments

Posted by LaksaBoy > 2018-07-12 09:22 | Report Abuse

Goodbye to 99 Speedmart.

Posted by Patrick13 > 2018-07-12 10:05 | Report Abuse

KUALA LUMPUR: The government has decided that Prasarana Malaysia Bhd will not be taking over the light rail transit line 3 (LRT3) project from the appointed project delivery partner (PDP), nor will it be calling it off.

Instead, The Edge Financial Daily has learnt that the ministry of finance will work closely with the PDP MRCB George Kent Sdn Bhd to lower the total cost of the project to about RM17 billion to RM18 billion, as opposed to the latest RM31.45 billion projected for the development.

It has been reported that an outright cancellation of the PDP agreement for the LRT3 project would require a compensation of a few hundred millions to be paid to the PDP.

In 2015, state-owned Prasarana appointed the joint venture between Malaysian Resources Corp Bhd (MRCB) and George Kent (Malaysia) Bhd as the PDP for LRT3, with an initial budget of RM9 billion for construction works and RM1 billion for land acquisitions.

On Tuesday, Finance Minister Lim Guan Eng called for a drastic cost reduction to make the project feasible and cost-effective, after revealing that the projected cost of the LRT3 project had spiralled to a whopping RM31.45 billion, higher than the RM15 billion figure cited in recent news reports.

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”.

In a statement yesterday, Prasarana said it took cognisance of the finance minister’s statement with regard to the increase in total cost, adding that its management had already begun cost-reduction processes since February.

“We will continue to work closely with the ministry of finance and project delivery partners (MRCB and George Kent) to identify additional areas that may help reduce said cost,” said Prasarana president and group chief executive officer Masnizam Hisham, who replaced outgoing Datuk Seri Azmi Abdul Aziz in January this year.

The 37km LRT3, upon completion, will connect Klang with Bandar Utama in Petaling Jaya.

MRCB shares slipped 1.5 sen or 2.52% yesterday to close at 58 sen, giving it a market capitalisation of RM2.55 billion. George Kent retreated eight sen or 7.48% to 99 sen with a market value of RM553.85 million.

http://www.theedgemarkets.com/article/government-work-pdp-lower-lrt3-cost

Posted by Beary > 2018-07-12 10:10 | Report Abuse

Chance for you guys to get out on rebound.

Shift money to gadang.

Gadang will fly soon.

Last call for check in.

Posted by 10211616586997048 > 2018-07-12 10:37 | Report Abuse

On course again ! Mof gave green light to carry on LRT3 la .

Posted by isupertrader > 2018-07-12 10:42 | Report Abuse

No need to shift to Gadang. Instead you can buy both Gadang and Gkent. Both is below general industrial P/E level with good cash flow in their hands. Generally, for fundamental companies this is a good time to buy as much stock while sentiments towards macro is down. Generally, more will go out to the sea during low tide and when high tides comes, you enjoy watching it from your window.

Posted by ChickyWaWa > 2018-07-12 10:46 | Report Abuse

MoF is by passing Prasarana Malaysia Bhd and work direct to PDP... that means, dont be surprise if one day a breaking news pop out says Prasarana Malaysia Bhd will be taking by MoF and liquidate, just like SPAD.

Posted by ChickyWaWa > 2018-07-12 10:48 | Report Abuse

To be honest... poor managed government body like Prasarana Malaysia Bhd, should let it die faster!

Posted by hollandking > 2018-07-12 10:50 | Report Abuse

agreed