Hi Azahani a slight correct as none of G Kent projects were cancelled post GE14. Misconception caused panic selling. The price will recovery but takes time. Hope the company will declare dividend as it will speed it up.
@fair talk Oic.. my understanding is all the project was cancell or need to revise back..thats y cause panic selling... And now all on track..gud luck all..
HSR put aside 1st. for now. 25% of the construction works for MRT2 has been completed. final reconsideration of the contract expected to be announced soonest possible by PH government coming week or next month. GKENT will break -> 1.800..
Going forward the new government is going for competitive open tenders to get the best bits. Construction projects profit margins would be squeezed amidst less projects, many of which would be cancelled or deferred or prolonged the completion period as the government does not have money in the coffer..
I don't see any good prospect for the construction companies in the next 2 to 3 years..
Any weakness and the management will aggressively SBB as they dont want to miss the boat again. Only SBB around 5m shares so far out of the target of 55m shares.
Fairtalk: I bought heavily at 1.08, sold some at 1.45. Bought back at 1.41 when I realised it wasn't going down further. Hoping gkent drops below my average. Want to add more
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azhani
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Posted by azhani > 2018-07-20 15:25 | Report Abuse
Gkent
i already in this boat 1 hour after LGE announce LRT3 approve