Looks like credential is not enough to secure construction projects in malaysia. there must be some political backup with cronyim to get project. mudajaya boss dont bodek najis i guess
GeorgeKent, Gadang, WCT, Bina Puri all under chinese boss also do better job build up political link & securing many projects. mudajaya must hire a bodeking master i guess
knf, i started buying only when the price at all time low. Angel is the most faithful i believe. Thanks Angel for highlighting the AGM details. I believe the commercial selling of electricity should be in January 2016
contract awarded on 11 December 2015, but announced on 22 Dec 2015???? Did Mudajaya purposely delay announcement? Can bursa take action against mudajaya?
Yistock Sorry to ask Item 4 Koon Yew Yin. Is this the same Uncle Koon of Malaysia?
Type Announcement Subject OTHERS Description Mudajaya Group Berhad ("Mudajaya" or "The Company") (1) Disclosure In Relation To Any Agreement, Arrangement, Joint Venture Or Collaboration For The Purpose Of Bidding For Or Securing A Project Or Contract (Collectively Referred To As "Ventures") (2) Status Of Memorandum Of Understanding ("MOU") Pursuant to Bursa Malaysia’s letter dated 4 August 2006 and Chapter 9, Paragraph 9.29 of the Main Market Listing Requirements in relation to disclosures on the abovementioned, the Board of Directors of Mudajaya wishes to announce the status of the Ventures and MOU, as follows:-
1. Joint Venture (“JV”) between R K Powergen Private Limited and Mudajaya Corporation Berhad, a wholly-owned subsidiary of Mudajaya Group Berhad for a coal-fired Independent Power Producer Project in the State of Chhattisgarh, India
There is no further update on the JV since the last announcement dated 27 August 2015.
2. MOU between Mudajaya Middle East Ltd, Modern Electro-Mechanical Projects Limited and Mr Mubarak Abdullah bin Mohammed Al Khafra
There is no further update on the MOU since the last announcement made on 27 August 2015.
3. MOU between Mudajaya Corporation Berhad and the Government of the Lao People's Democratic Republic, represented by the Ministry of Planning and Investment
There is no further update on the MOU since the last announcement made on 27 August 2015.
4. MOU between Mudajaya Corporation Berhad, the Government of Mandalay represented by the Minister for Electricity and Industry, and Koon Yew Yin
There is no further update on the MOU since the last announcement made on 27 August 2015.
5. JV between Mulpha Land Berhad and MJC Development Sdn Bhd, a wholly-owned subsidiary of Mudajaya Corporation Berhad, in respect of Mayfair Ventures Sdn Bhd
There is no further update on the JV since the last announcement made on 27 August 2015.
6. Award from Siemens Malaysia Sdn Bhd to Mudajaya Corporation Berhad in relation to the Construction and Completion of the Main Civil Works for Pengerang Cogen Power Plant, Johor ("the Project")
The Project is in progress.
7. Award from PRPC Utilities and Facilities Sdn Bhd (subsidiary of Petroliam Nasional Berhad) to Mudajaya Corporation Berhad to undertake the Engineering, Procurement, Construction and Commissioning (EPCC) of Workers Village and Temporary Construction Facilities for the Utilities, Interconnecting and Offsite (UIO) Facilities for RAPID Project in Pengerang, Johor ("the Project")
He informed the two New generating units in WR i.e. RKM Unit No -1 (360 MW) and Balco unit-3(300 MW) were declared their COD on 27.11.2015 & 28.11.2015 respectively.
Order book of mudajaya is increasing,, so looks like 2016 is going to be a good year for mudajaya,, AT LAST OUR GOLDEN GOOSE IS GOING TO WAKE UP...CHEEERS,
About 40 years ago, when I was the CEO, Mudajaya built the 1st power plant called Tungku Jaffaar Poer Station, Port Dickson, Negri Sembilan, Malaysia. Subsequently Mudajaya completed 18 more power plants in Malaysia as a construction contractor. Mudajaya is a specialist in power plant construction.
But in India, Mudajaya holds 26% in an independent power producer (IPP) joint venture with an Indian partner to undertake the construction of 4 units of 360 mw coal power plant and the sale of electricity to the Indian Government.
Perhaps if I tell you some brief details of the Indian project, investors can imagine the difficulty of completing such a large project and forgive Mudajaya for the long delay.
The size: 4 units of 360 mw, totaling 1440 mw.
Cost: The total construction cost is about 1440 mw X US $ 1.5 million X 3.20 = RM 6,912 million.
Coal consumption: 1440 mw X 4,500 ton = 6,480,000 ton per year
Coal consumption cost at US $ 30 per ton = 6,480,000 X 30 X Rm 3.20 = Rm 622 million per year.
Power line construction cost: Rm 2 million per kilometer, total length required ??
Mudajaya holds 26% in this joint venture and its estimated profit is about Rm 70 million per year for 25 years which all investors have been waiting for.
icon8888 really power. Release the write up, straight away went up. Anyway, thanks a lot for the write up because I hv been collecting when it is 1.04 -1.05. Thought of averaging up when read your analysis but no chance as it shoot up straight. Anyway, many thanks.
1. When you recommend in 2014, at WHAT price? now APA price? Loss % how much?
2. When u first recommend, what is ur basis? Follow kyy ah? Or follow facts? Or follow your estimation?
3. When u recommend did u ask ppl stop loss shld stock fall below certain %???
4. when you write 1st article of Muadajaya is in net cash, now FULL OF DEBTS with cashflows problem. So why still recommend? And why things turn bad such short period of time.
paperplane, pls dont talk nonsense here, don't criticise other while u haven't give any useful info for other i3 member to earn money. Show your respect to icon8888 who are very hardworking sharing his investment skill. Middle finger up...
Ricky, I share tons of my picks , I'm making 140% YTD from superln, also my stock picking YTD 2015 is near 50% now. So how you judge me? You did not contribute like me in this forum, you have no ground to judge me.
Also, I have highlighted multiple stocks risk and concern involve. This is the best way to contribute to forum! Inv is abt risk and reward. You can't be blinded by fancy figures, 170% upside blah blah highlight by some jokers nowadays. I know it make ppl excited, but I rather first ask myself what is risk involved first! I think it is good to balance between risk and return. Someone highlighting high return potential, I highlight risk.
Also, is high return always good taking into risk concerns?
Some fund mgr earned more 100% , but is he really better than guy earning 70%? Ask kcchong a to teach u all abt Sharpe Ratio, risk return is a better way to look at it. When someone has high returns, normally, it is also of course they are taking higher RISK and volatility.
i agree with icon888 research report on mudajaya, it will perform well in 2016. time will tell. i have 500 lot of mudajaya ,average cost is Rm1.19. Let see what is share price when end of 2016.
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....
greddym3
286 posts
Posted by greddym3 > 2015-12-08 19:13 | Report Abuse
http://www.wrpc.gov.in/occ/478occ_agenda.pdf
RKM 1 360MW
Commissioned on 28.10.2015, COD – 27.11.2015