Is this an otb stock as well? Usually aggressive on the up and equally too downwards. If this is an otb stock, should we be happy or fearful? This stock is so undervalued for its superior performance. I just loaded more on Monday and yesterday when I saw it trading back to 1.55. Too darn cheap at less than 7 pe
To describe goreng stocks in vulgar language: 1.) Goreng stock is like gang rape. Everyone also wants to get their turn and hoping not to get sexually transmitted diseases (STD). 2.) After goreng, the stock is like after being gang raped ie exhausted.
The Board of Directors of Kimlun Corporation Berhad (“KIMLUN or the Company”) is pleased to announce that Lebuhraya Borneo Utara Sdn Bhd (“Awarder”) has awarded the contract for the Proposed Development and Upgrading of the Pan Borneo Highway in the State of Sarawak – Serian Round About to Pantu Junction (“Project”) to a joint venture company to be established between our wholly owned subsidiary, Kimlun Sdn Bhd (“KLSB”) and Zecon Berhad.
2. Information on The Project
1
Awarder
Lebuhraya Borneo Utara Sdn Bhd
2
Contract sum
RM 1,460,773,150.55
3
Project duration
48 months from the date of Letter of Award
4
Estimated completion date
End Mar 2020
5
Risk
The Company does not foresee any exceptional risk other than operational risks associated with the Project.
3. Information on The Joint Venture Company (“JVC”)
The JVC will be incorporated in Malaysia under the Companies Act, 1965 as a limited liability company, in due course. The equity interest of KLSB and Zecon in the JVC will be 30% and 70% respectively.
Upon the due incorporation of the JVC, the JVC will enter into a contract with the Awarder on the Project.
The Company will make appropriate announcement to Bursa Malaysia on the JVC pursuant to the Main Market Listing Requirements, in due course.
This is one part/parcel of the highway. There are many parcels. Kimlun is the main supplier of all those precast slabs that need in the highway building. For those who do not know what Kimlun, suggest to go to their website and see what they're expert in.
"Manufacturing generates higher margins. Kimlun operates two manufacturing plants – in Ulu Choh in Johor, and a newer plant in Senawang, Seremban. It manufactures concrete products such as segmental box girders and other reinforced precast concrete products for the infrastructure and building sectors in Malaysia and Singapore. 4Q manufacturing segment margins recorded a strong margins of 33.8% buoyed by larger sales orders for jacking pipes and better TLS margins"
MRT Line2 may contribute more than this project... expected be awarded in 2Q16
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....
Ayoyo
379 posts
Posted by Ayoyo > 2016-03-02 13:37 | Report Abuse
Is this an otb stock as well? Usually aggressive on the up and equally too downwards. If this is an otb stock, should we be happy or fearful? This stock is so undervalued for its superior performance. I just loaded more on Monday and yesterday when I saw it trading back to 1.55. Too darn cheap at less than 7 pe