New week will conclude, the coming new deal on resuming the ECRL project is beneficial to both Malaysia and China and would promote the win-win cooperation between the two countries.
this counter I in at 45sen but after see Mr calvin say is best of the best so I keep for 60sen even loss money but is better than high earning power like Ekovest better than my MRCB becos when up is limit upppppppppppppppppppppppppppppppppppppppppppppppppppp only Ekovest I loss money due to ekovest net profit too high among Wct Mrcb Ekovest AZ only ekovest stop me AZ I have no idea I just follow God of Bursa Mr Calvin buy in when he call about 40plus sen
PETALING JAYA: A total of 121 infrastructure projects worth more than RM13.9bil nationwide, which were offered directly and through limited tender by the previous administration, will go forward following cost renegotiation by the Pakatan Harapan government, says Finance Minister Lim Guan Eng (pic).
He said the renegotiated cost of the projects will result in RM805.99mil worth of savings.
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“It must be stressed that the 121 projects will not involve mega projects such as LRT3 and MRT2, which cost RM31.65bil and RM39.35bil, respectively.
"The cost of both projects have been reduced to RM16.63bil (LRT3) and RM30.53bil (MRT2),” he said in a statement Sunday (March 31).
On June 29 last year, the ministry announced a few measures to improve the management of the government’s procurement and the country’s finances, he added.
“Among the measures introduced were re-evaluating projects that were offered through limited tender and direct negotiations by the previous government.
“Based on the studies conducted, the government decided to conduct open tenders for such projects before issuing the Acceptance Letter,” he said.
Meanwhile, for the 121 projects offered through limited tender and direct negotiations, of which Acceptance Letters had been issued, additional clauses will be finalised latest by end March after the cost of the projects has been renegotiated, Lim said.
“Currently, all details of the projects will be handled by the respective ministries and not involve the Finance Ministry.
“With the latest developments, the Finance Ministry is confident the procurement implementation through open tender will lead to a reduction in cost and the best interest value to the government and rakyat,” he said.
Foreign net selling accelerated in Mar 2019. Foreign investors net sold MYR1.6b worth of Malaysian equities in Mar 2019. We believe that the foreign net sell was due to a combination of poor 4Q18 results season and a more “dovish” Bank Negara Malaysia implying that Malaysian economic growth will ease this year. Cumulative foreign net buy since early-2010 until end-Mar 2019 hit at a multi-year low of MYR1.4b.
Although local institutions were net buying to the tune of MYR1.4b in Mar 2019, the KLCI depreciated 3.8% MoM while the MidS Cap and Small Cap indices continued to climb by 1.6% MoM and 1.3% MoM respectively. This implies to us that local institutions were more interested in small to midsized market capitalization stocks than large ones
Apr 2019 likely to be light on news flow. Based on 29 Mar 2019’s market close, KLCI valuations are at 16.0x 12M forward PER (mean: 15.8x) and 1.70x trailing P/B (mean: 1.81x). There will be no BNM Monetary Policy Committee meeting and GDP announcement this month. The sole key domestic lookout this month is the 2nd Belt & Road Summit in Beijing, China from 25-27 Apr 2019 where Malaysia and China are expected to conclude on the East Coast Rail Link.
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....
88Tan
189 posts
Posted by 88Tan > 2019-03-28 09:40 | Report Abuse
this week so quiet for this counter