Gkent so smart, go start glove business after 2 years of covid. what were they thinking? i am very certain their glove business will not be profitable, look at mahsing glove, got make money? this will be a drag on their overall business.
They got cash after selling their LRT business, now they cannot take part in MRT3. smart.
No need worry about the gloves business, they secure gloves business as Gkent mostly involved in Hospital project .... sold LRT business as the cost keep going up...better prepare the cash for next project and waiting bossku come back...
Anyhow on balance sheet they still doing good, just that all doing glove almost nearly dapao. But if you said Gkent drop more, I will start consider to enter, if want goreng, This is healthy type of goreng.
Even without construction and glove, they still having healthy balance sheet. Maybe sooner or later, business turning good or they let go the glove manufacture ?
GKent’s completion rates for the Putrajaya and Tanjong Karang hospitals have reached 84% and 78% respectively (latest guidance). Barring any surprises, the hospitals are likely to complete by CY22. As for its glove factory construction, progress has reached 19% as of end Oct-21. All of its existing jobs are operating at 100% capacity currently. With the sale of its LRT3 stake in mid-Oct, GKent will see a loss of JV earnings contribution of RM20-25m in potential annual earnings by our estimates. Based on previous guidance, GKent’s participation in multiple WTP tenders are still awaiting decision
GKent’s metering arm has returned to 100% operations by 17 Aug- 21. We continue to expect the segment to remain steady in CY21 driven by continued penetration into new markets, reaping benefits from its licensing agreement with Honeywell. Moving ahead, GKent foresees opportunities for penetration into Vietnam given the investments planned to further increase water access there.
The first dipping line is expected to commence operations by end Nov-21 with a target to commission four lines by early Feb-22. GKent originally targeted to start construction in July-21 with 1st line installed by August-21 to which we anticipated delays on the back of lockdowns (EMCO and Phase 1).
Undervalue oso doesnt mean it will go back up anytime soon, better wait green signal first then only enter dont waste time stuck your money inside not doing anything
Only Gkent able to solve the problem...... PH especially Selangor Government give the project to their cronies ....they all cant solve..... cant even deliver ther project ....
Just look at this : StXXPid PH gov KUALA LUMPUR (Dec 16): Taliworks Corp Bhd has won a contract from Pengurusan Air Selangor Sdn Bhd to develop a package under Phase 1 of the Sungai Rasau water treatment plant for RM602.43 million.
The contract is to design and build a water pumping station, and water pumping mains to the existing Bukit Lipat Kajang reservoirs, distribution and associated works (Package 2), the company said in a bourse filing.
“The date of the site possession shall be on Dec 29, 2021. The completion date for the works shall be on Dec 31, 2024 i.e. 36 months from the date of the possession of the site,” Taliworks said.
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....
Investfrog
215 posts
Posted by Investfrog > 2022-04-27 15:28 | Report Abuse
everyone happy to see bossku back...