Bursa up 6 points mudah Maya like turtle. Coal problem solved now ovveruns.late start to power plants in India.waiting for rkm powrrgen to fire all cylinders.then share price will take off Luke space.so cheap no takeover bids? Proven track records good for ray into India.where are smart investors!!!!
mudajaya is asset rich, (current) profit weak. everyone is waiting for the asset to generate reasonable profit. some had been waiting for 5 years, and they gave up and sold. some feel too hurt to cut loss at current price, they they close one eye. i am the last group. :P
I know how it feels I bought at 5 plus b4 rights issue too.now averaged down until all eggs in 1 basket waiting to hatch! Needs a hen to sit on it and keep it warm.
Work on seven new highways will start next year, offering jobs worth RM20bn for the construction sector. This will also fill up the order books of construction companies that have been waning following the tail-end of the RM23bn Klang Valley mass rapid transit (MRT) project. The seven highway projects are the RM1.18bn Duta-Ulu Kelang Expressway (DUKE) extension, the RM5.04bn West Coast Expressway (WCE) from Banting to Taiping, the RM2.5bn Kinrara-Damansara Expressway (Kidex), the RM1.5bn Kuala Lumpur Outer Ring Road (KLORR), the RM4.18bn Damansara-Shah Alam Expressway (DASH), the RM4.3bn Sungai Besi-Ulu Kelang Elevated Expressway (SUKE) and the Serdang-Kinrara-Putrajaya Highway (SKIP).
The government expects the construction sector to sustain double-digit growth this year, riding on massive ongoing construction projects and potential new investments from the private sector. Minister of Works Datuk Fadillah Yusof said in the first half of this year the construction industry showed positive results, posting a stronger growth of 14.3 per cent against 12 per cent in the same period last year. "The construction industry will continue to be one of the prime movers of the Malaysian economy. "The total growth of construction last year was almost 12 per cent. Our projection this year is not less than 10 per cent," he said. Meanwhile, Fadillah expressed hope that all seven highway construction projects earmarked under the 10th Malaysia Plan including the West Coast Expressway (WCE), with an estimated total cost of RM20 billion, would commence by next year. (Bernama)
mudajaya is changing it s business style from construction to POWER sector..mudajaya not happy with construction projects given in malaysia, with lower margins... so it is deviating to power sector, and is venturing overseas searching for higher margin projects..
if mudajaya still want to get the highway projects in malaysia,, then it s better for mudajaya not to be a anti UMNOPUTRA COMPANY,, the ex staffs of mudajaya should be carefull in what they say in mass media.. sometimes to get things done friendship with the devil is needed
The transitional period may at least need another 5 to 8 years ahead for Mudajaya, I guess. So it still required construction jobs other than those offered by its own group (power plants construction jobs), otherwise the EPS will be too low and share price may further de-rated.
Power is still a fast growing segment in Emerging economy. Hopefully Mudajaya can maintain its reputation and becomes one of the major winner riding on this potential.
I am sure our esteem Koon Yew Yin provide us with huge returns from Mudahjaya and JTiasa especially those who took his advise using margin account.
Here is our esteem Koon Yew Yin latest political statement
My concern is that this anti-DAP feeling will spin out of control into anti-Chinese sentiment. This in turn can turn into a movement against non-Malays and, ultimately, non-Muslims. Hatred will then consume the nation.Most likely racial clashes will take place and many Chinese and other innocent lives will be lost the wealthy chinese leaders will flee the countrywill run to London or Argentina including myself to Canada where all my children already obtain citizenship.
Many said Koon Yew Yin is anti malays a very false statement, here is the proof
n fact Pas and others that are living like frogs underneath their coconut shells should realize that women not only hold up half the sky but they hold up more of the sky than men. This is because women outnumber men in most if not all countries in the world besides having longer life expectancies. In Malaysia women have life expectancy of 77 years compared to men’s 73 years!
Our estem super investor also stress malay women are smarter than malay men
Pas leaders should also realize that women voters out number males. The party can never come to power with an ideology of ‘ketuanan lelaki‘ or “male superiority or male dominance. Malaysian may be a Muslim society but our Malay women are just as, if not smarter and more advanced, than men.
Tonight esteem Koon will speak to millions on street why we all support Wan Azizah as MB
To many Malaysians though, there is little doubt that Wan Azizah has all the makings of an outstanding Mentri Besar Selangoreans and Malaysians must not forget that following the arrest of her husband on 20 September 1998,Now that Anwar is again facing imprisonment and renewed attempts are being made to destroy his political career.
matakuda, where did mr.kyy speak about mudajaya. interested to listen. mayb now can reenter since kidex is going to approve soon??..... hehe. let see will it break $2. i will consider buying if it around 1.8 and 1.9 if that ever happen la... :)
India’s Supreme Court has confirmed the cancellation of more than 200 coal licences held by dozens of private sector industrial groups, sending stocks in affected companies down sharply. In a harsher than expected decision, the court on Wednesday also levied fines of about $1.2bn on the owners of the cancelled licences, and said that mines affected could be handed to state-backed mining group Coal India before being re-auctioned. In August, the court declared as “arbitrary and illegal” the process by which 218 licences to mine coal had been handed out to businesses in sectors such as power and steelmaking, following allegations of irregularities brought by anti-corruption campaigners. The formal cancellation of the licences hit shares in a range of Indian power, steel and aluminium groups, while dashing hopes that groups with operational mines would be allowed to keep them. Jindal Steel and Power, an industrial conglomerate owned by billionaire tycoon Naveen Jindal, closed down 10 per cent shortly after the ruling. A range of industrial groups, including energy venture Adani power and steelmaker Tata Steel, also fell on the news. Companies that had begun mining under the now-cancelled licences now face fines of approximately $1.2bn, according to estimates from analysts at Macquarie. Jindal Steel and Power, the worst affected group, is set to pay close to $500m. Shares in Indian public sector banks also fell on worries that the ruling could lead to a jump in bad loans in sectors such as power and metals. Concern over mine cancellations has cast a shadow over the recent tentative recovery of India’s industrial economy, and raised concerns about a knock-on impact on coal supplies, with many power companies facing fuel shortages. The decision represented a defeat for India’s government, which had argued that operational mines should remain with their owners, potentially in exchange for a fine. “This is a tough ruling, the companies were hoping that working mines would be in some ways protected, but this has not happened,” said Kameswara Rao, an energy specialist at consultants PwC in India. “But this does present a far cleaner slate on which the government can begin a new policy, in which everything will be re-auctioned, so it isn’t all bad.” The ruling is also a blow for companies such as UK-listed Vedanta Resources, who now have to rebid for mining licences that they had previously acquired, but which had not yet begun operations. Shares in Coal India closed up nearly 5 per cent, however, on news that it would take control of any operational mines by April 2015, giving India’s government breathing space to allow the mines to be re-auctioned. Billionaire Anil Ambani’s Reliance Power also jumped more than 5 per cent, as the court said that a mine providing coal for a major power plant operated by the group would not be affected by the ruling. Companies hit by the Supreme Court’s decision have said little in public about their plight since the first ruling in August, but anti-corruption campaigners welcomed Wednesday’s decision. Environmental group Greenpeace called the decision “a victory for the environment and the people of India against rampant corruption and crony capitalism rife in the resource extraction industry”.
no announcement today? they just keep quiet? anyone contact the IR ask this? The IR should give us accurate answer since the court case already closed.
from the news... "The country's highest court on Wednesday said control over almost all coal blocks allotted since 1993 will have to be returned, saying they were granted illegally"
"The cancellation puts at least $47 billion of investments in such industries as power, steel and aluminum at risk, said Ashok Khurana, director general at the Association of Power Producers"
the key word here is almost all the coal block. So there is high changes it is affected.
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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....
400523
736 posts
Posted by 400523 > 2014-09-19 13:48 | Report Abuse
Sorry buy low sell high hehe