BravoTango Buy on rumours, sell on news : apply here in GKent?
Its the opposite in Gkent. Sell on rumor (From $4 to $1.4 due to PH win over BN), buy on news (LRT 3 still continues, if they stop, GKENT will be entitled for huge compensation sum)
3204 GKENT GEORGE KENT (M) BHD Interim Single-tier Dividend 2.0 Sen Entitlement Details: Interim Single-tier dividend of 2.0 sen per ordinary share Entitlement Type: Interim Dividend Entitlement Date and Time: 12/10/2018 05:00 PM Year Ending/Period Ending/Ended Date: 31/01/2019 EX Date: 10/10/2018 To SCANS Date: Payment Date: 01/11/2018
We need to focus on the business sense. LRT3 reduce its cost, yes the earning will be affected. However they are not cancellee or change the contractor.
Even if they cancelled. Gkent will got lot of compensation (similar to johor bridge cancel by pak lah, the contractor become rich in one night)
Commentary on prospects The second quarter's results are credible in spite of the progress of work being affected by the restructuring of the LRT3 project. Negotiations are ongoing to redesign the project, and construction is anticipated to resume by second half of 2019
The Group continues to focus on its long-stated strategic plan to broaden its income base by channeling substantial resources to further expand the Metering business. The Metering business contributes substantially to the Group's profit, and now exports to over 40 countries around the world.
The Group’s order book, currently standing at just over RM5 billion, will continue to provide earnings visibility over the next few years. The Group is also continuing to explore opportunities in the Regional railway space, leveraging on the expertise it has cultivated through its participation as the rail systems specialist in past domestic MRT and LRT projects. The Group’s extensive network with global rail specialists stands it in good stead for projects that require international collaborations through joint ventures or other forms of strategic alliances.
Chairman’s Statement Commenting on the Group’s performance, Chairman Tan Sri Dato’ Tan Kay Hock said: “The Group has registered a set of credible second-quarter financial results and another strong first-half performance. Its Engineering and Metering divisions continued to perform amidst challenges in the operating environment.
“Going forward, the Group will continue to implement its Strategic Plan to broaden its income base. This will include investment of resources, both human and financial, into growing its Metering and other waterrelated businesses and investments. The Group is also on the lookout for Regional railway opportunities, whilst continuing to deliver on our existing order book.”
George Kent (Malaysia) Bhd registered a Q2 net profit of RM24.58mil, 3.1% less than in the same quarter last year as revenue came in 39.8% lower at RM112.93mil. for live update and TP with entry and exit details join my whatsap group pm at 60115 7968095
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