Gkent & MRCB no more last time cronies company. Recently they work very closely with PH government and willing to cut costs in order to get more future projects.
Ecrl termination? Isnt that a news from 6 months ago?
The former Ecrl contract termination is good. Because the new and smaller scale Ecrl that Tun M said earlier this year might be fully given to local contractors
LRT3 confirmed + A new ECRL contract handled all by local contractors.
Huge bullish news for construction companies.
If dont buy now later dont regret chasing high once the new ecrl contract is signed and made public
Red sea for today. No construction company survive. However you can see myeg and hibiscus going longkang today back to below rm1.00 while gkent keep steady above rm1.10
usually gov will split the project to be given to all big players, gamuda, ijm, mrcb, gkent sure got some portion. market correction is normal and expected ler.. its healthy to drop once in a while..hehe. .. will not buy anything that went up 3-days straight.
KUALA LUMPUR - Malaysia is seeking a new contractor to build the East Coast Railway Link (ECRL), after terminating the original contract awarded to China Communications Construction Company (CCCC) on Tuesday (Jan 22), a source told The Straits Times.
It is understood that the government is seeking to halve the estimated project cost of RM81 billion (S$27 billion) to RM40 billion.
I’m quite sure Gkent is able to contribute to Ecrl as all rail needs system specialist and gkent is the only local proxy for that, while boasting partnership with renown European companies such as Siemens and Alstom.
If not because of contra player, Gkent price can go up even higher. Why sell when we know it is going to up very high by the end of the year and following year.
GKENT has been actively engage in share buy back. The treasury shares has increased to 22.679 million shares (as at 10-1-19) from 9.806 m shares (at the end of 3Q18). Balance sheet is still strong with net cash of RM199.3 m (36.0 sen/share), although much lower as compared to RM343.5 m (70.0 sen/share) as at 30-4-18.
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Posted by Lexington Zeus > 2019-01-19 17:01 | Report Abuse
cronies company, now no project