The Board of Directors of Kimlun Corporation Berhad (“KIMLUN or “the Company”) is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the letter of award from Nusajaya Heights Sdn Bhd, a subsidiary of UEM Sunrise Bhd for the construction of affordable apartments in Johor Bahru, Johor (“the Project”). The contract sum for the Project is Ringgit Malaysia Two Hundred Thirty Million Seven Hundred Three Thousand Five Hundred Eighty Seven and Cents Fifteen Only (RM230,703,587.15).
The construction work is expected to be completed by August 2017.
The Projects is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.
None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above contracts.
KUALA LUMPUR,(Bernama) -- Kimlun Corp Bhd's subsidiary, Kimlun Sdn Bhd, has accepted the award of two projects in Johor from Dynasty View Sdn Bhd, with collective contract value of RM80.982 million-more in TERA FINANCIAL NEWS
I bought a good number of Kimlun shares on RM 03/03/2011 at RM 1.62 and it peaked temporalily to RM 1.76 on 12/4/201. Since then it drifted down and down and is now at around RM 1.35. Annual dividends though are given but nothing much to shout about. To sell now will entail a great loss. With new projects in the pipe line, I hope to see the bright light ahead. I would like to hear also from others from their experience.
I duno who are selling but I am not the one who sell it at such low price, Kimlun is worth more than Rm1.50, so many project on hand and 11thh Malaysia Plan will announce soon, just buy and wait the Kimlun become Golden Dragon, hehehe!
Timing gap for KV MRT. Kimlun’s precast division will face a timing gap between the completion of the MRT Line 1 (almost complete) and Line 2 which is likely to only begin in 2016. To avoid its Senawang plant being idle once Line 1 is complete, Kimlun will relocate some works for the SMRT Thompson Line in Singapore. Potential precast work this year is likely to come from Singapore (e.g. SMRT Thompson Line and the Deep Tunnel Sewerage).
Hi Pakcik Saham, may i know the project name that already awarded by SG gov to Kimlun and the project tendered by Kimlun in this year? Please advise. :)
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....
calvintaneng
56,704 posts
Posted by calvintaneng > 2015-01-21 11:33 | Report Abuse
So & steady - The Rising of the Golden Dragon