To be honest, I support the decision to cancel ECRL and the 2 pipeline projects. Yes it bring pain to stock market now, but it would be short term. It will bring us better tomorrow.
Like TM said, it was due to our stupidity, we have to solve it and move forward.
People got to realise that at times like this. A good company will show its resolve and come back stronger. Gkent is one of those and their fundamentals are good. Thus I shall back it. just because one kick in the balls doesn’t mean they will lay down and die. They will show their resolve to show people, what a good company they are investing in. Experince, quality of build and delivering on time in major projects counts for a lot in tenders. Lowest does not mean best and in the long term cost more.
Based on people comments these few days, can see some ppl still don't know which projects GKent actually involved. GKent did not win ECRL any project actually. Can expect Thu or Fri share price shall be bounced back once SBB or research analyst came out to clarify the facts.
except for the metering equipment...GKent mostly rely on previous govmnt's projects....thats why its share price has really been hammered down and difficult to go up... they took up loans by pledging their shares to the banks...when their shares went down they had to buy back their own shares to try and support and prevent margin call...but how long can that last?
both are Najib friends dan stock fly is just fake to atrack peoples, example: GK is water pipes supply can involed with LRT,, surely its funny right? MRCB always subcon their project to others (Alibaba) UMNO styles
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Posted by Tarrance Schu > 2018-08-20 14:54 | Report Abuse
haha...today new low again = =