Posted by SHQuah > 2019-03-25 20:26 | Report Abuse

Second half is going to be very good when LRT3 resume operation. Start accumulate when price is low. 2nd half Revenue and profit should go up.

Posted by chamlo > 2019-03-25 20:28 | Report Abuse

LRT3 not included in QR?

Posted by GrahamNewman > 2019-03-25 20:57 | Report Abuse

Let the naysayers do the work. We would like to buy cheap as oppose to expensive. Those who did their extensive homework know how the capital is employed in the company.

Posted by Veron_teo > 2019-03-25 21:27 | Report Abuse

yea 1.5 tomorrow

Posted by Maynot > 2019-03-25 23:58 | Report Abuse

Why the 'other expenses' is so high compared to other qtr??

and why result of joint venture for lrt3 is negative??

Anyone here can clarify?

Posted by michaelwong > 2019-03-26 00:37 | Report Abuse

2morrow very chamlo in the opening morning market . This year many companies with profit loss

Posted by KassimBaba7 > 2019-03-26 00:39 | Report Abuse

LRT duit lambat masuk and delays ma due to renegotiation.. Compare EPS today vs EPS last year and price. It should be clear what value the company is. Gkent was already punished for this result long before it was due. Question is - where will it go moving forward?

Posted by amet2017 > 2019-03-26 07:06 | Report Abuse

Go and ask the management during agm ler.. Why why..

Posted by SHQuah > 2019-03-26 08:11 | Report Abuse

https://www.nst.com.my/business/2019/03/472840/george-kent-posts-rm8492m-net-profit-fy19

KUALA LUMPUR: George Kent (Malaysia) Bhd’s net profit declined 31.7 per cent to RM84.92 million in the year ended January 2019, from RM124.4 million previously mainly due to to lower contribution from the engineering division.

It declared a third interim dividend of 3.5 sen per share payable on April 30 this year to shareholders whose names appear in the record of depositors on April 9, 2019, being the book closure date.

The company said its performance was credible in spite of the retiming of income recognition arising from the government’s remodelling of the Light Rail Transit 3 project to a fixed-price contract.

“Construction works were suspended since June 2018 and are expected to resume in the latter part of 2019. The commendable results reflected the robustness of George Kent’s other businesses,” it said in a statement.

He said the group was also on the lookout for opportunities in the regional railway space, leveraging on its expertise as rail systems specialist in domestic railway projects.

“The group’s strong order book will provide earnings visibility over the next few years,” he added.

Posted by amet2017 > 2019-03-26 08:17 | Report Abuse

Looks good for gkent. Will try to reenter at a good price. Hehe

Posted by ikah2000 > 2019-03-26 08:34 | Report Abuse

it bad,or good news, since profit, revenue drop and huge exp... but still surprising they still deliver 3.5 div...how the response of investors to this stock? should it show up trend or down when opening market....

Posted by Maynot > 2019-03-26 09:01 | Report Abuse

Company is cash rich. Its cash available right now can even settle the company entire current liabilities.

Posted by papparich > 2019-03-26 09:12 | Report Abuse

Good performance on a bad year

Posted by kurax2 > 2019-03-26 11:44 | Report Abuse

breakout! buy!

Posted by ikah2000 > 2019-03-26 11:47 | Report Abuse

break down... sell ...

Posted by mamatede > 2019-03-26 11:57 | Report Abuse

gkent interesting.

Posted by Pak Abu > 2019-03-26 11:58 | Report Abuse

can limit up??

Posted by Kopitiam 168 > 2019-03-26 13:36 | Report Abuse

should break 1.2

Posted by ikah2000 > 2019-03-26 14:08 | Report Abuse

can limit down...

Posted by SHQuah > 2019-03-26 14:30 | Report Abuse

End of the year when LRT3 revenue factor in, share price could break RM1.50.
Mid Next year RM2.00.
If could get some railway systems project like HSR or ERCL, then could break RM3.00

Posted by Kopitiam 168 > 2019-03-26 15:13 | Report Abuse

Don't have time to wait until end of the year, can better utilize the capital and hold more potential stocks if need to wait until the end of the year.

Posted by SHQuah > 2019-03-26 15:46 | Report Abuse

Dividend better than Bank FD and EPF.
So just keep.

Posted by Veron_teo > 2019-03-26 17:37 | Report Abuse

strong close!

Posted by cheoky > 2019-03-26 21:15 | Report Abuse

Pe 5 with dividend. Hello? Hello? Need glasses? Growth possibility-lrt +ecrl. Mahu apa lagi?

Posted by oasischeah > 2019-03-26 21:33 | Report Abuse

There are some big buyers today and also lots of retail sellers. Where are all the sellers coming from? Just wondering !!!!

Posted by (70B-SAPNRG-3Yrs) Philip > 2019-03-27 00:14 | Report Abuse

I am now an investor in GKENT! Hi all! Here is my business sense and thanks for the stock pick young men! and ladies of course!

https://klse.i3investor.com/blogs/philip3/199668.jsp

Posted by Maynot > 2019-03-27 09:30 | Report Abuse

Klci is nearing the december low. Congrats to the current government for causing deflation in our country

Posted by tamp0i > 2019-03-27 09:36 | Report Abuse

Will buy more if drop, better than FD definitely hehe

Posted by Bursalord > 2019-03-27 10:35 | Report Abuse

Gkent is mrcb sub contactor, ecrl will shoot gkent like rocket

Posted by Bursalord > 2019-03-27 10:36 | Report Abuse

Mrcb already shooting up

Posted by ikah2000 > 2019-03-27 10:46 | Report Abuse

no shoot up... i hard time to gkent..

Posted by PaperScissorsStone > 2019-03-27 11:10 | Report Abuse

Let it go ...let it go

Posted by Bursalord > 2019-03-27 12:07 | Report Abuse

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TOPICS WOW 2019 | Matta Fair 2019 | Asean+ | True or Not | Do You Know | Star Golden Hearts Award
ECRL-linked construction stocks up
BUSINESS NEWS
Thursday, 7 Jun 2018
By Zunaira Saieed

image: https://www.thestar.com.my/~/media/online/2017/12/18/00/49/ecrl-east-coast-rail-link.ashx/?w=620&h=413&crop=1&hash=712068C50B2B9376866B702C54E0F9CEAD21CC71



KUALA LUMPUR: Following expectations of the East Coast Rail Link (ECRL) not being shelved, stocks of construction companies linked to the rail project rebounded yesterday.

An online portal disclosed that there is a heavy penalty imposed to terminate the project of some RM22bil, should the new government cancel it.


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Hence, shares of construction companies such as Gabungan AQRS Bhd, George Kent (M) Bhd and Lafarge Malaysia Bhd, which are linked to the possible contract wins in the project, had showed a rebound.

Construction player Gabungan AQRS shares rose around 11% to 85 sen at 5pm when the market closed yesterday, from 76 sen in early morning trade.

As for George Kent, which was seen as a proxy for rail job rollout, its shares were up 9% to RM1.45 from RM1.33 when the market opened.


Read more at https://www.thestar.com.my/business/business-news/2018/06/07/ecrllinked-construction-stocks-up/#JzYA6uG4kjTxDE05.99

Posted by Bursalord > 2019-03-27 12:09 | Report Abuse

Gkent is ecrl related counter, the most potential high gain counter if ecrl project proceed.
The potential of ecrl to proceed is 99%.
Can invest in GKENT. Own decision own target

Posted by (70B-SAPNRG-3Yrs) Philip > 2019-03-27 13:15 | Report Abuse

Personally, I don't think gkent will even sniff ecrl at all. It will be gobbled up entirely by China GLC. I buy it for the lrt3 prospects instead.

Posted by SHQuah > 2019-03-27 14:57 | Report Abuse

Current share price is the fair value for meter business. If Plus LRT & hospital should be higher. If Plus ECRL & HSR, going to rocket high.

Posted by Bursalord > 2019-03-27 15:28 | Report Abuse

THE relationship between China Communications Construction Co Ltd (CCCC) and its joint-venture (JV) partner George Kent (M)

Posted by Bursalord > 2019-03-27 15:29 | Report Abuse

Cccc is the ecrl main contractor

Posted by Bursalord > 2019-03-27 15:38 | Report Abuse

Ecrl project is coming back soon

Posted by Bursalord > 2019-03-27 15:44 | Report Abuse

KUALA LUMPUR: Following expectations of the East Coast Rail Link (ECRL) not being shelved, stocks of construction companies linked to the rail project rebounded yesterday.

An online portal disclosed that there is a heavy penalty imposed to terminate the project of some RM22bil, should the new government cancel it.

Hence, shares of construction companies such as Gabungan AQRS Bhd , George Kent (M) Bhd and Lafarge Malaysia Bhd , which are linked to the possible contract wins in the project, had showed a rebound.

Construction player Gabungan AQRS shares rose around 11% to 85 sen at 5pm when the market closed yesterday, from 76 sen in early morning trade.

As for George Kent, which was seen as a proxy for rail job rollout, its shares were up 8.96% to 1.45 sen from 1.33 sen when the market opened.

Cement player Lafarge Malaysia, which has secured a contract to supply cement for the ECRL project, rose 10.8% by midday to 3.26 sen, from 29.4 sen per share.

These construction stocks had a selldown after the 14th general election on May 9 on worries of the cancellation of rail projects by the new government.

Kenanga Research senior equity analyst Adrian Ng believed the rebound of the shares was “still low”, adding that the construction stocks selling was overdone since the general election.

He noted that the volatility of the construction counters would persist until a clear picture of the government finances are announced on the budget day, adding that some stability of stocks could occur after the 100 days of fiscal reforms by the new government.

“The dust has still not settled but the volatility will taper off once the Government announces its finances.

“However, the short and medium-term prospects for the construction companies is that earnings can be delivered due to their strong order book like IJM Corp Bhd and Gamuda Bhd ,” Ng said.

As the volatility continues to take place due to the ill-fate of rail projects that have not been finalised, the Government hopes to renegotiate the terms for the ECRL project. The work for the rail project is about 13% completed.

This was echoed by Prime Minister Tun Dr Mahathir Mohamad’s post-cabinet press conference yesterday, saying “the ECRL project will be studied to see if we can either defer or terminate it.”

He added that the Government wanted to renegotiate the terms of the rail project as it could not afford to spend enormous amount of money at this point of time.

Dr Mahathir pointed out that the ECRL contract terms of the amount drawn did not commensurate with the level of work done, referring to the similarity of the contract terms of the RM9.4bil multi-product pipeline and Trans-Sabah Gas pipeline jobs.

In the case of the ECRL, around RM13bil has been drawn down.

“We found that the contract includes payment according to a specific time. So far, we can determine that the work done is much less than the payments that have already been drawn,” he said.

Posted by Bursalord > 2019-03-27 15:45 | Report Abuse

Gkent is one of the ecrl project related counters.
Buy before its too late

Posted by SHQuah > 2019-03-27 15:46 | Report Abuse

https://www.theedgemarkets.com/article/strategic-alliances-likely-george-kent-expand-diversify-products

Near-term opportunities for George Kent would be water treatment plant jobs worth RM100 million to RM200 million, and the Klang Valley double track 2 worth RM5 billion, where we understand the company is seeking a JV partner to participate in the tender.

Posted by apple168 > 2019-03-27 20:59 | Report Abuse

Disappointing Result! Profit dropped 65%, dividends slashed 30%!

Posted by davidkkw79 > 2019-03-27 21:02 | Report Abuse

The only way gkent to survive is to use the same tactic rasuah Pakatan harapan then only got hope.

Posted by SHQuah > 2019-03-27 21:06 | Report Abuse

Results expected. Consider good without LRT factor in.

Posted by Bursalord > 2019-03-27 21:46 | Report Abuse

Opinion 21:46, 26-Mar-2019
Restarting ECRL project benefits both Malaysia and China
Peng Nian
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Editor's note: Peng Nian is an assistant research fellow at the National Institute for South China Sea Studies (NISCSS), a top think tank based in Haikou, China. The article reflects the author's opinion, and not necessarily the views of CGTN.

Recently, Daim Zainuddin, who has been appointed by the Malaysian government as the special envoy of the prime minister to head the East Coast Rail Link (ECRL) negotiation with China, said that the government is expected to finalize the ECRL project in early April, and the new agreement would be executed in the same week.

It was the first time that the Malaysian government gave a precise timeframe on reviving the project that was suspended by the country's newly elected government last August.

In fact, Malaysian senior officials, mainly Finance Minister Lim Guan Eng, have released confusing messages on the controversial project since its suspension, resulting in prevailing rumors that the new Malaysian government had already decided to stop the project.

Even several days before Daim's claim, Prime Minister Mahathir Mohamad said his government would not reach a deal with China before his China trip at the end of April when the International Cooperation Forum for the Belt and Road Initiative (BRI) is held in Beijing. In this context, Chinese investment in Malaysia and Sino-Malaysia relations, as well as the implementation of the BRI, have been adversely affected.


Skytrain, Kuala Lumpur, Malaysia. /VCG Photo

Nevertheless, it is not surprising that both sides would reach an agreement on restarting the ECRL since there has always been positive and continued engagement between China and Malaysia regarding the project.

Mahathir stopped the ECRL project as well as two other Chinese projects temporarily. However, in order to reduce China's suspicions about Malaysia's resistance toward the BRI, he also claimed to attend the second International Cooperation Forum for the BRI.

For Kuala Lumpur, the main obstacle to resuming the ECRL project is the debt burden rather than so-called sovereignty or security threats. Therefore, Malaysia would like to resolve this issue in a commercial way, which means that it seeks to negotiate with Chinese companies on narrowing down the project as well as mortgage financing.

The ECRL project was approved by former Prime Minister Datuk Seri Najib Razak in October 2016 at the cost of 55 billion Malaysian ringgit (13.5 billion U.S. dollars). The new ECRL deal, with cost savings of about 10 billion Malaysian ringgit (2.45 billion U.S. dollars), would have new commercial elements that would have a greater impact on Malaysian companies and people.


Kuala Lumpur railway, Malaysia. /VCG Photo

In addition, the Malaysian government would restart the project as it wants to reduce internal pressures from opposition parties and external pressures from the West. For instance, Prime Minister Mahathir threatened to import aircraft from China rather than the EU because of the recent dispute with the EU on environmental concerns of Malaysian palm oil products.

The Malaysian government, of course, would like to maintain close relations with China by removing the big barrier, the suspension of the ECRL, and thus to manipulate the balancing act between China and the West. Given this, restarting the ECRL with a declining input cost is a good choice for Malaysia to maximize economic interests and minimize diplomatic pressure.

For China, it has always stated that both sides should solve the ECRL project as early as possible so as to revive the confidence of the BRI. A new agreement on resuming the ECRL would be a big promotion for the coming International Cooperation Forum for the BRI held in Beijing.

Hence, China would like to make a compromise so that the ECRL would restart before the beginning of the BRI forum. Additionally, China had already agreed to reduce the strategically important Kyaukpyu deep-water port with Myanmar last year, so it is reasonable for China to make a similar deal with Malaysia on the ECRL.

To conclude, the coming new deal on resuming the ECRL project is beneficial to both Malaysia and China and would promote the win-win cooperation between the two countries.

Posted by apple168 > 2019-03-27 22:25 | Report Abuse

With this kind of disappointing result, Gkent still trading at 30% premium! Pui! Can Gkent win ECRL projects? I doubt it!

Posted by apple168 > 2019-03-27 22:27 | Report Abuse

Only can consider investing if share price at a discount of 30 to 50% in current economic downturns

Posted by SHQuah > 2019-03-28 08:26 | Report Abuse

The differences between short sighted and long sighted person.
Now you don't see it, but when you miss the train, you will regret.

Posted by Bursalord > 2019-03-28 10:15 | Report Abuse

Buy