Posted by Vaylens Chong > 2015-09-02 16:28 | Report Abuse

yup....keep buying now!!!

Posted by kuengkucheng > 2015-09-02 16:44 | Report Abuse

yes..fire fire fire

Posted by Mat Cendana > 2015-09-02 16:56 | Report Abuse

At last, after months of the share price slowly bleeding.
The previous quarter's results definitely weren't good. But that's secondary when it comes to share price. For every counter, there will be the point of capitulation when most everyone gives up and sell. That leaves only those who are strong holders.

Posted by PriyankaC > 2015-09-02 17:03 | Report Abuse

Mr Koon

People like Johny has not sold because they are still faithfully holding on to your every words about the Indian power plants; that when they started firing MudaJaya will have a very high recurring income that will be able to support the share price at upto 2 to 3 ringgit.

Posted by firehawk > 2015-09-02 17:04 | Report Abuse

+19.78% !!!

Posted by feifun > 2015-09-02 17:09 | Report Abuse

hope is not a trap

Posted by murali > 2015-09-02 17:12 | Report Abuse

After Koon Koon asked you to cut loss on 30 Aug then it went up almost 20% today....interesting...

Posted by kkng0819kk > 2015-09-02 17:14 | Report Abuse

sold some and keep the money under the pillow

Posted by PriyankaC > 2015-09-02 18:27 | Report Abuse

Previously Mr Koon said when Indian power plants are firing can support price upto 2 to 3 Ringgit

Posted by johnny cash > 2015-09-02 19:16 | Report Abuse

I am searching for news for today surge, but not getting anything.. I do not think it is the firing but something else. Even analyst cimb also told the delay will also take place in 2016.. but who knows sometimes miracles do happen.. I think they are going to get some local projects..

Posted by murali > 2015-09-03 08:39 | Report Abuse

Koon Koon wrote on 30 Aug:

When I wrote about Mudajaya, I was told that its Indian Electricity Power Project should be profitable because the agreed selling rate to the Indian Authorities included a 15-18% profit margin basing on all the cost including foreign exchange and inflation. Unfortunately, Mudajaya was played out by their Indian Joint Venture partners.

Price of Mudajaya went up abt 20% on 02 Sep. Interesting?

Is it possible that Koon Koon knows something is happening in Mudajaya now and the article he posted on 30 Aug was his effort to scare the shit out of you so that he could buy in at this level, after he disposed all at above Rm2.00 last year?

FYI,Koon Koon is an insider too....

Koon Koon wrote on Jun 10, 2014 10:30 PM |

Mudajaya and I in 70:30% JV signed a MOU with the Chief Minster of Mandalay Region more than one year ago. This announcement was properly made in accordance with Bursa Malaysia.

Posted by murali > 2015-09-03 08:41 | Report Abuse

The 82 years old man is very naughty.....

Posted by goreng_kaki > 2015-09-04 07:29 |

Post removed.Why?

Posted by kkng0819kk > 2015-09-04 11:41 | Report Abuse

rubbish also got value ma

Posted by Fat Cat Tim Buddy > 2015-09-04 13:16 | Report Abuse

yalo，就算是一张厕纸一条底裤都有他本身的价值的嘛

Posted by Alfonso > 2015-09-05 08:28 | Report Abuse

Si koon koon ni.......

Posted by kkng0819kk > 2015-09-07 16:00 | Report Abuse

cabut already

Posted by speakup > 2015-09-08 09:43 | Report Abuse

mudajaya = icu stock

Posted by Shark > 2015-09-15 09:33 | Report Abuse

Project came in..

Posted by johnny cash > 2015-09-15 09:40 | Report Abuse

yes they got local project from rapid,, costing 489 million..i told it was related something local not the powerplant firing..but if it fires then much better ha

Posted by Shark > 2015-09-15 09:54 | Report Abuse

stil get a sell call....:)

Posted by johnny cash > 2015-09-15 10:06 | Report Abuse

no CIMB UPGRADE IT TO HOLD FROM SELL,,FOR TIME BEING OK MA

Posted by johnny cash > 2015-09-15 10:07 | Report Abuse

Mudajaya Group
Rapid job win gives temporary reprieve
■ Mudajaya has won a sizeable EPCC contract for Petronas's Rapid.
■ The RM489m contract is a positive surprise in terms of value, but in line with EPS
forecasts.
■ Sustained recovery in order wins beyond 2015 remains uncertain.
■ Upgrade to Hold but prefer Muhibbah Engineering for bigger exposure to Rapid.
RM489.4m new EPCC contract for Petronas's Rapid
Mudajaya was awarded an engineering, procurement, construction and commissioning
(EPCC) contract to undertake the construction of a workers’ village and temporary
construction facilities for the Utilities, Interconnecting and Offsite (UIO) facilities for
Petronas's Rapid project. The job was awarded by PRPC Sdn Bhd, a subsidiary of
Petronas, and is scheduled for completion by mid-May 2017 (1.5 years). This is a
notable development for Mudajaya as it is the group's first contract award in 2015.
Positive surprise in terms of value, but neutral to EPS
This award is a positive surprise for its size and scale, but relatively neutral in terms of
impact to EPS forecasts – we project RM500m in total contract wins for FY15. This job
substantially increases the group’s massively-depleting outstanding order book of
c.RM150m (our estimate) as at 2Q15 by more than threefold to RM639m. While this
provides a temporary reprieve, the catch here is that the new order book level would not
last more than 1.5 years, given the annualised 1H15 burn-rate of RM450m.
Joining the league of Rapid contractors raises its profile
Mudajaya joins the league of a handful of contractors which have won specialised
packages in Rapid (see table overleaf), raising its profile as it diversifies its civil
engineering experience into downstream oil & gas construction. The EPCC nature of the
contract could translate to slightly higher pretax margins of 6-7% compared to pure-open
tender infra job’s 4-5%. We estimate net profit contribution of RM10m-14m p.a. based
on a 6% pretax margin assumption; supporting our forecast of a recovery in FY16.
But 6-9 months order book visibility still weak
This development does not totally mitigate risks of sustained earnings weakness
following its core net loss of RM32m in 1H15, though the 3-month contribution from this
new job should prevent the group from reporting losses for the full-year. Our concerns
on weak tender visibility going into 2016 remain unchanged as most of the potential
awards for the sector in the next 6-9 months are unlikely to be sizeable for Mudajaya
and falls outside of its expertise in power plant construction and highways.
Upgrade to Hold; good news largely in the price
We raise our RNAV-based target price as we narrow our discount from 50% to 40% to
reflect the stock's medium-term sentiment recovery. We upgrade our call from reduce to
Hold. Limited new catalysts ahead (beyond this new contract award) suggest a slim
scope for a further re-rating for the stock, up 18% since end-Aug. Switch to Muhibbah
Engineering for a bigger exposure to Rapid and US$-play.

Posted by johnny cash > 2015-09-15 10:08 | Report Abuse

Arresting concerns of major job depletion this year
Mudajaya's announcement of a sizeable EPCC contract win for Petronas's
Rapid project comes as a surprise in terms of value. It represents the group's
single largest EPCC job related to the initial construction and civil works for the
development of a major downstream oil & gas refining facility. This should
temporary allay concerns over its hugely run-down order book since early this
year – lower revenue from a depleting order book had led to a RM32m core net
loss in 1H15 – and raises its profile to a level similar to other pure contractors
which have won at least one package in Rapid in 2012. Overall, it addresses
our concerns on its job depletion YTD but does not ultimately change its tender
prospects going to 2016, in our view. Its job visibility beyond the next 6-9
months remains weak compared with other contractors under our coverage.
Overall, we believe the scope for further re-rating is limited due to key reasons
below.
 Sustained weak quarterly results in 2H15, dragged down by the effects of
weak construction billings in 1H15.
 Weak property earnings as management had been less aggressive in
property launches YTD due to the general weakness in the property market.
 Persistent delays in the commissioning of the group's 26%-owned coal-fired
power plant in Chhattisgarh, India.
 Core operating losses in 2H15 looks likely to spill over to 3Q15 (though
losses could narrow), before recovering in 4Q15 on the back of this new
contract.

Posted by johnny cash > 2015-09-15 10:08 | Report Abuse

Upgrade to Hold; limited scope for further re-rating
Our FY15-17 EPS forecasts are unchanged, as the new job value is largely in
line with our assumption of RM500m worth of new jobs for FY15. We continue
to assume RM800m to RM1bn worth of new contracts p.a. for FY16-17 but flag
likely downside risks if the tender outlook for larger value jobs does not improve
going into 2016. This development should improve sentiment on the stock over
the medium term but we believe further scope for a re-rating is limited. The
share price has recovered 18% since end-Aug. We raise our target price as we
cut our RNAV-discount from 50% to 40% and upgrade our recommendation
from reduce to Hold.

Posted by johnny cash > 2015-09-15 10:13 | Report Abuse

SORRY from reduce to hold

Posted by johnny cash > 2015-09-15 10:14 | Report Abuse

NAJIB S ECONOMIC STIMULUS

Posted by kkng0819kk > 2015-09-15 19:14 | Report Abuse

cabut already

Posted by hsaa > 2015-09-16 23:17 |

Post removed.Why?

Posted by Un Tong > 2015-09-18 12:08 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/09/18/Edra-starts-work-on-power-plant/?style=biz

Posted by Orson Chin > 2015-09-20 23:12 | Report Abuse

When can go back to RM3.00？

Posted by skyz > 2015-09-21 11:52 | Report Abuse

you will be lucky if you can cut loss at RM2. RM3 is near impossible

Posted by kkng0819kk > 2015-09-22 14:58 | Report Abuse

Big change in management team.???

Posted by leelc70 > 2015-09-22 15:18 | Report Abuse

skyz nothing impossible in share market. The criteria is whether the new development of the company and news strong enough to attract the investor grab the stock or not

Posted by Alfonso > 2015-09-22 16:25 | Report Abuse

lousy new management team...really sad...

Posted by greddym3 > 2015-09-22 21:23 | Report Abuse

mudajaya power plant in india still not started due to coal supply issue

Posted by kkng0819kk > 2015-09-26 18:45 | Report Abuse

Once fired,all will celebrate

Posted by The One > 2015-09-28 13:23 | Report Abuse

Wow!!! Based on 1 lot.. LOL

http://www.theedgemarkets.com/my/article/mudajaya-297-speculation-about-landing-dash-suke-jobs

Posted by Orson Chin > 2015-09-28 19:13 | Report Abuse

Don't know can get the contract or not ..... Lolz... India there still play India movie.... Don't know when can start to fire ....lolz

Posted by shellhouse > 2015-10-09 10:49 | Report Abuse

Good news on the way?

Posted by paperplane2 > 2015-10-12 16:03 | Report Abuse

ating
• SELL, TP: RM0.71
• With the continued weak results, it is hard to justify anything aside a SELL rating. While we acknowledge there is value in its IPP, the market is unlikely to ascribe much to it until commercial operations take off.

Posted by Icon8888 > 2015-10-12 18:17 | Report Abuse

stoopeedplane buy now, don't stoopeed stoopeed just follow analysts

Stoopeed

Posted by followind > 2015-10-15 13:07 | Report Abuse

another SUCCESS ?

Posted by kkng0819kk > 2015-10-15 13:57 | Report Abuse

Those who bought below 1rm are laughing to the banks now

Posted by Alfonso > 2015-10-16 18:16 | Report Abuse

Mudajaya's banggala management style laugh die me ^__^

Posted by 6182al > 2015-10-26 05:05 | Report Abuse

reason ........ forever delay only

Posted by Cherrie > 2015-10-28 19:16 | Report Abuse

http://www.theedgemarkets.com/my/article/mudajaya%E2%80%99s-india-power-plant-gets-ground

Posted by Orson Chin > 2015-10-30 00:25 | Report Abuse

Delay delay delay ~~~~~ don't know what the mgt doing. No projrct no news from India ""==

Posted by Kian Kwok Lim > 2015-10-30 00:44 | Report Abuse

Hahaha... the officer refused to be named must be Benjamin again, LOL ....

Posted by Orson Chin > 2015-11-03 19:20 | Report Abuse

Result will announces soon ...... Maybe another red quarter