Posted by PHBNsameshit > 2019-02-25 16:13 | Report Abuse

https://www.thestar.com.my/news/nation/2019/02/25/dr-m-ecrl-project-will-only-resume-if-the-price-is-right/

Posted by JJchan > 2019-02-25 16:50 | Report Abuse

LGE's "Fixed Price Contract"-----cannot transfer cost overrun to Gov----Better put money in FD.
Almost every Gov project runs in hundred of million in cost overrun----Only slave labor from China
Company can do this type of job ( i saw this in Tower 106 )

Posted by amzarb44 > 2019-02-25 17:10 | Report Abuse

Jjchan if no profits why George Kent bodoh to accepted it?

Posted by IronShirt > 2019-02-25 17:34 | Report Abuse

impairment loss to asset, downgrade by investment house( no projects). Puncak after selling Syabas falls from 1.80 to 0.40 bcos got cash but No project,,,,,Sapnrg bid International pipeline Contract below China Co price to avoid massive impairment loss ( 1.8B in 2018 )

Posted by IronShirt > 2019-02-25 17:36 | Report Abuse

You don't know Big Co like Gkent operation, pls don't comment,,,,,,not same like Kopitiam operation

Posted by SHQuah > 2019-02-25 18:01 | Report Abuse

Share buy back 1.15

Posted by ChickyWaWa > 2019-02-26 09:09 | Report Abuse

If the price drop further today, it shows the QR isn't good

Posted by amzarb44 > 2019-02-26 09:35 | Report Abuse

ChickyWawa how r you very sure bout that?

Posted by ChickyWaWa > 2019-02-26 09:59 | Report Abuse

It happened last quarter. The price drop from RM1.10+ to RM0.755 on the week 3rd QR released.

Posted by Sc Hew > 2019-02-26 11:00 | Report Abuse

Q4 report will announce on next month...

Posted by GrahamNewman > 2019-02-26 11:01 | Report Abuse

Fixed price or not, it will go under the track records of GKENT, and this will add towards the competitive strength of the company going forward. You can't believe the efficiency of the management in using the company's capital if you really go in and investigate their financials for the past 8 years. The people here look at the price like a hawk but never at the company itself, funny.

Posted by Jaya > 2019-02-26 14:07 | Report Abuse

Sell I want to buy

Posted by KassimBaba7 > 2019-02-26 16:59 | Report Abuse

Very curious who is so interested to push the price back to 1.10 - haiz.. shd have waited to kutip later.. wasted a few bullets at 1.12.

Posted by Jaya > 2019-02-26 18:12 | Report Abuse

Kassim
Bro buy this share is ok

Posted by Jaya > 2019-02-26 18:12 | Report Abuse

It’s slow but will get there

Posted by amzarb44 > 2019-02-26 18:51 | Report Abuse

MRCB down 75% yoy

Posted by amzarb44 > 2019-02-26 19:03 | Report Abuse

Comments please, bcoz last quarters result it follows MRCB also

Posted by oniongor > 2019-02-26 19:55 | Report Abuse

Grab from MRCB latest QR:

The Group’s 50%-owned LRT 3 project joint venture company MRCB George Kent Sdn Bhd contributed lower profit after tax of RM14.6 million, compared with RM15.2 million in the corresponding period in 2017.

It looks good though.

Posted by amzarb44 > 2019-02-26 20:01 | Report Abuse

What's good?

Posted by SHQuah > 2019-02-26 20:13 | Report Abuse

As long as Gkent & MRCB still making profit and giving dividend, don't worry. Good Feng Shui change every few years.

Posted by sharinginfoz > 2019-02-26 21:50 | Report Abuse

For the last 2 FYE Gkent paid 5 sen dividend when they announced Q report in March. Hopefully they will repeat the same dividend next month. Wait and see guys

Posted by Jaya > 2019-02-27 01:31 | Report Abuse

Myeg came out with good results, now is the turn of gkent

Posted by Vorster89 > 2019-02-27 02:23 | Report Abuse

Rich cash company, keep share buyback and treasury share keep increasing, the purpose is to maintain earning per share, to avoid dropping too much. Estimate share price will back to 0.95-1.00, that time will accumulate again and hope company can get new contract, Huat at.

Posted by SHQuah > 2019-02-27 14:51 | Report Abuse

Just buy, don't ask why ?
What we are waiting is the future HSR KL Singapore high speed rails in 2020. It is even bigger than LRT3. Gkent and MRCB got a very good chance of getting the contracts.

LRT3 still got jobs until 2024. - 5 years to go. Why worry.

Posted by KassimBaba7 > 2019-02-27 17:09 | Report Abuse

Still got players trying to pancut down today ah - must be contra players kot? Closing 1.08 with wall, but takde berani nak sellkan ke? Haish.. still tak puas hati wasted bullets ytd. Im keeping my balance rounds for now.. mana tau ada2 saja short seller melulu.

Posted by oasischeah > 2019-02-28 12:59 | Report Abuse

Waiting to go in to buy more. Still undecided as market is quiet and not much volume on this share. Keep checking whenever time permits.

Posted by Maynot > 2019-02-28 14:05 | Report Abuse

Today good time to buy in. Looks like its the bottom. Volume so low

Posted by SHQuah > 2019-02-28 14:31 | Report Abuse

Good dividend stock, better than Fixed Deposit.

Posted by KassimBaba7 > 2019-02-28 16:43 | Report Abuse

Support is breaking - better see whos gonna defend tomorrow.. keeping my last magazine for now...

Posted by oasischeah > 2019-02-28 16:47 | Report Abuse

Bought some at 1.05 last minute.

Posted by Maynot > 2019-02-28 17:09 | Report Abuse

Red sea market. No counter survive. Dont judge the company performance now. Good company also drop

Posted by GrahamNewman > 2019-02-28 22:05 | Report Abuse

Just a word of advice, if you judge how good a company base on the share price, essentially you are telling yourself the market know more about the company than you, in which case you should not be in the market because how can you win against someone more knowledgeable than you? I hope the investors here do not forget this simple rule.

Posted by amzarb44 > 2019-02-28 22:09 | Report Abuse

Grahamnewman, you hold MYEG?

Posted by SHQuah > 2019-03-01 10:03 | Report Abuse

In recent Bursa announcement, most of the company financial results is very bad and losing money except banking stocks. Looks at Big company like TNB also loss.

I expect Gkent still making profit but could be less and can still effort to give dividend.

Posted by GrahamNewman > 2019-03-01 10:57 | Report Abuse

Sorry I am not obliged to disclose my positions. You need to think for yourself and not rely on others on decision making.

Posted by KassimBaba7 > 2019-03-01 11:32 | Report Abuse

Well no one is saying you can't throw a hot potato into the crowd and let them juggle it.

Today support is decent - hope it doesn't break afternoon.

Posted by Maynot > 2019-03-01 15:35 | Report Abuse

Sharks keep juggling the price amongst them and not goreng straight up. People will start to lose interest later and leave this counter

Posted by oasischeah > 2019-03-02 08:36 | Report Abuse

The company has done alot of buy back. Do they sell after buying so much at very cheap prices?

Posted by YF24 > 2019-03-02 21:29 | Report Abuse

will back to 1.16-1.19

Posted by ccmeow > 2019-03-03 10:11 | Report Abuse

i noticed when Magnum dropped to 1.70.
All the top management including its Chairman
Mr Surin , bought many share at 1.70 /1.80.
Now, Magnum went up to 2.40.

Posted by SHQuah > 2019-03-03 21:16 | Report Abuse

Correct me if I am wrong. Based on last year annual report, top 300 shareholders holding more than 90% of Gkent share. Company is allowed to buy back the remaining 10% from open market. I don't think Gkent will sell any SBB shares.

Posted by YKLIEW > 2019-03-03 22:09 | Report Abuse

Only setback is if they pay us dividends using treasury shares like WCT. That's why WCT shares fell last few days.

Posted by malpac63 > 2019-03-04 07:39 | Report Abuse

If the top 300 shareholders hold more than 90% of Gkent shares, the company will breach the bursa minimum public shareholders spread.

Posted by SHQuah > 2019-03-04 09:39 | Report Abuse

Cumulative net outstanding treasury shares as at to-date (units) 24,651,900
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 4.37658

Gkent already SBB 4.38% from open market.
There are still remaining 5.62%, estimated 3 or 4 thousand small shareholders.

Posted by GrahamNewman > 2019-03-04 12:30 | Report Abuse

Personally I don’t think they will sell back the shares, and basically my thinking is SBB is an indirect form of paying share dividend for the staying shareholder because our percentage ownership increased without us paying anything.

Posted by SHQuah > 2019-03-04 15:53 | Report Abuse

http://www.georgekent.net/projects-reference/

List Of Current Projects
1) Ampang Light Rail Transit (LRT) Line Extension Project
2) Proposed Upgrading Hospital Kuala Lipis Phase II
3) Mount Eriama Water Treatment Plant, Port Moresby, Papua New Guinea
4) Construction and Completion of Light Rail Transit Line 3 (LRT3) from Bandar Utama to Johan Setia
5) Construction and Completion of MRT Sungai Buloh-Serdang-Putrajaya Work Package SSP-SY-2014
6) Design and Build 150-Bed District Hospital in Tanjung Karang
7) Design and Build 220-Bed Endocrine Hospital in Precinct 7, Putrajaya

Posted by malpac63 > 2019-03-04 16:12 | Report Abuse

The list is impressive but which of this is post-May 2018 election? No new contracts means no additional earnings. Hence why we're still stuck at the dollar mark.

Posted by SHQuah > 2019-03-04 19:00 | Report Abuse

We still have hope on HSR Singapore - KL high speed rails in 2020.

Posted by Maynot > 2019-03-06 10:04 | Report Abuse

Sharks is ready to goreng but weakholder retailers keep selling for no reason

Posted by Maynot > 2019-03-06 10:04 | Report Abuse

Just hold and wait. They sharks will do their job and push the price up