according to Public Invest, they are pricing their Ara Damansara project (on LRT land) at RM600 psf. Sure got sapu completely immediately after launch. Tropicana Garden is also located near LRT station. Its units priced at RM800 psf few years ago. Now is priced at RM1,300 psf (according to latest Focus article)
PUBLIC INVESTMENT BANK : " TRC had initiated the negotiation and discussion with the MRT Corp’s Project Delivery Partner on the consequences of the termination and to ascertain the final quantum of compensation payable to TRC. The negotiation is still ongoing. The contract sum is small at only RM74.4m, and hence we believe will not have any material effect on earnings. Going forward, jobs in the pipeline, among others include LRT3, MRT2 rail links and Pan Borneo Sabah. Current TRC's outstanding order book at estimated RM1bn. "
current orderbook will last them little over a year. now the fear is the reason behind the termination and will it affect new contracts win in the future. it is very rare contractor gets terminated especially in such big profile job
Public Investment Bank analyst has stated the amount for the terminated contract is small and do not have any material effect on earnings. The investors here create your own fear and ignore the improved quarterly earning just announced. Friends, fear will blur your judgment.
The analyst report already stated "..compensation payable to TRC", so I wonder why some would still think "Gamuda may claim damages from TRC if....". That is unfounded fear.
well said eagle71 ! Very True, I think to be a good investor, he ought to learn to improve his reading ability and reading skill in order to read properly and correctly.
"The management of the company was also of the opinion that the contract value of the project amounting to RM74mil is not too significant against the company’s group total contract book order of RM2.6bil"
Anyone knows why the forex gain/loss can be so huge and significant in past several quarters ? Is strong USD beneficial to TRC ? The annual report said it is not but I noticed forex gain in the quarters when USD is stronger.. Thanks in advance for your input.
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....
huathuathuat91
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Posted by huathuathuat91 > 2016-08-29 09:54 | Report Abuse
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