Wow, all the construction stocks was selling like hot cake... Bpuri today ranked number in top active listing... Now Bpuri at => 0.22 +0.035 (+18.92%) ! This morning it was hitting 0.235 +0.05 (+27.02%) ! Today probably will closed at => 0.28 +0.095 (+51%) !
It will continue it's bull run, T.p by end of April 2019 => will break above 0.50 T.p by end of June 2019 => will break above 0.90 T.p by end of Sept 2019 => will break above RM1.30 T.p by end of Dec 2019 => will break above RM1.80
KUALA LUMPUR (April 12): Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction Co Ltd (CCCC) have signed a supplementary agreement pursuant to the East Coast Rail Link (ECRL) project, which will proceed at a lower cost of RM44 billion compared with its original cost of RM65.5 billion
KUALA LUMPUR: The East Coast Rail Link (ECRL) project will go ahead but the cost has been reduced significantly by RM21.50bil to RM44bil.
At RM44bil, this is a 32.8% reduction in the earlier cost of RM65.5bil.
Below is the statement issued by the Prime Minister's Office on Friday:
The Government of Malaysia welcomes the signing of a Supplementary Agreement (SA) between Malaysia Rail Link Sdn Bhd (MRL) and the China Communications Construction Company Ltd (CCCC), which will pave the way for the resumption of the East Coast Rail Link (ECRL) project.
The SA, which covers the Engineering, Procurement, Construction & Commissioning (EPCC) aspects of the ECRL, was achieved after months of negotiations between the companies involved as well as the Governments of Malaysia and the People's Republic of China.
We are pleased to announce that the construction cost for Phases 1 and 2 of the ECRL has now been reduced to RM44 billion, a reduction of RM21.5 billion, from its original cost of RM65.5 billion.
This reduction will surely benefit Malaysia and lighten the burden on the country’s financial position.
Further details of the improved deal will be provided during Monday’s press conference.”
Earlier this week, CIMB Equities Research said ECRL’s construction cost could be significantly reduced by as much as 48% to RM35bil.
The research house had stated it expected a realignment of the 688km line will involve a rerouting to Negeri Sembilan.
CIMB Research had stated that unless a new rail line is built, it believes that rerouting the ECRL to Negeri Sembilan (from Gombak to Mentakab and vice versa) implies an alternative alignment away from the mountainous Titiwangsa Range and a likely integration with KTMB’s existing rail line in Negeri Sembilan.
Based on the original plans, 44 tunnels are to be constructed at various locations spanning over 50km. The longest tunnel (which is now likely to be scrapped) is the Genting Tunnel measuring 17.8km (37% of total tunnel length).
Companies under its coverage that have rail experience include IJM Corp, Sunway (via Sunway Construction) and WCT. An upside risk is larger-than-expected exposure of the ECRL project to local contractors.
StarBiz had reported the ECRL will adopt single-tracking instead of double-tracking as the passenger and freight traffic flow is expected to be low due to the sparse population and low investments in the states of Pahang, Terengganu and Kelantan.
The ECRL is of strategic importance to China because the Kuantan Port-ECRL-Port Klang route shortens its trading route and cuts the time it takes to travel to the west of Peninsular Malaysia while eliminating the need to use the Singapore Port.
luckily i sold @ 0.215 last friday, avg 0.193 my instinct tell me operator will push down back to nest this counter buy only when is historical low price then keep in short quite useless this counter...sleeping 1
bro hold for 2 months+ liao sien la haha bpuri very predictable 1...suggest 0.19 - 0.195 can buy some to keep ler no harm still consider cheap this counter
yea i accumulated 400k units only me small potato ma 2 months+ got around 9k profit for is good enough for me not sure bout others but my strategy is take profit 1st if u monitor closely last huge volume throw @ 0.22 / 0.215 profit taking
partial is panic sell...this counter n followers r veli predictable 1 hahahah bpuri is always here u still manage to buy at lower price 1 for this few days paper gain is nothing wat m i trying to say lolol
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....
Daily8
3,858 posts
Posted by Daily8 > 2019-04-12 09:44 | Report Abuse
Wah 22 already.... can go higher ?