The Company has, after seeking professional advice, treated the contract of a project as qualifying for zero-rating under the transitional provisions of the Goods and Services Tax Act, 2014 ("GST Act"). The Royal Malaysian Customs Department ("Customs") has however challenged this and takes the view that the contract is not eligible for zero-rating. The amount being contested amounts to approximately RM29 million. The Company has appealed against this decision by Customs and the appeal has been fixed for hearing before the Customs Appeal Tribunal on 21 and 22 May 2019. Based on professional advice, the Company believes that it has strong grounds in its appeal against the decision of Customs.
Whole market down. The only reason gkent drops more even with low volume is because the buy queue just become thinner since everyone already holding for long term
Aiyo...no need waste saliva to buy call...whoever got interest then they will buy...Im waiting more lower to buy some again... https://www.thestar.com.my/business/business-news/2019/01/26/mrcb-and-george-kent-sign-lrt3-deal-with-prasarana/ Based on news Gkent shall receive their outstanding payment for LRT3 work which has not paid since from last year and i havent see any the cash yet for Gkent for 31Jan2019 and Gkent stated "Furthermore, revenue was not recognised for the Light Rail Transit Line 3 (LRT3) project, which is based on equity accounting for the 50% interest in the project" I feel like not bad since current project foreseeable 11.8bil (50%interest 5.9bil) and water meter from PUB Singapore...
Call for tenders for KL-SG HSR commercial advisory consultant
KUALA LUMPUR: MyHSR Corp Sdn Bhd will call for a tender for the appointment of a commercial advisory consultant (CAC) for the KL-Singapore high speed rail (HSR) project review exercise today.
According to a statement by MyHSR, the CAC tender looks to address the commercial aspects of the project in line with the Malaysian government's review.
"The appointed consultant will be required to develop a new business model that will produce the optimal project life-cycle cost, as well as, develop updated ridership forecasts, and update the benefits assessment that the project will bring to Malaysia," it said.
On Sept 5, 2018, the governments of Malaysia and Singapore agreed to suspend the KL-SG HSR project until May 31, 2020, while reviews were being conducted.
An ongoing tender was launched in April 2019 to appoint the technical advisory consultant (TAC), which MyHSR said has received encouraging interest from the market.
"With the appointments of both the TAC and the CAC, a comprehensive project review exercise will be completed, and a report will then be prepared and submitted to the Government, prior to the end of the suspension period in May 2020," said MyHSR.
"We encourage all firms with the relevant experience to participate in this tender as the findings of this review will help us chart the right course for this Project. We look forward to receiving similar strong support from the market for this tender.”
Aiyo...got LRT3 mah 50% then got 5.9b already divide by 5 years one year 1b...ERCL 44b 40% local interest only 17.6b and many contractor rebut for a piece a cake...how much can divide?hehe
since so difficult to allocate small slice of cake, why not Gkent be more lenient to let go such a small peice of cake, since this company currently has alot of ongoing and unbilled projects...
Day 71 of Fundamental Daily, YAPSS will be covering George Kent (Malaysia) Berhad's fundamental via a short animated video. I hope it helps and please enjoy the video, see ya! #YAPSS #FundamentalDaily #GeorgeKentMalaysiaBerhad
This is a wonderful opportunity to buy more GKENT shares at low prices. how does trump affect gkent? was there any profit or earnings losses due to China/US trade war? will LRT3 progress claim not be billed next quarter? Will the contract be canceled?
If the answer is no, then the only explanation is: Market sentiment.
If market sentiment is across the board, then the effect will be temporary.
Aka: Flash sales, allowing us to buy more shares of GKENT at depressed prices.
Will GKENT do well in the next few years? Is there any outstanding debt or bombs in the business? Are they losing money? Will things not get done?
If the answer is no, then the only explanation is: Buy more.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Shinnzaii
3,114 posts
Posted by Shinnzaii > 2019-05-06 14:16 | Report Abuse
1.03 i will buy some again...hehe