Najib time actually good on project but LGE time better, See gamuda, EKovest,ecoworld and Iwcity. If you guys is construction player then you guys will know.
The largest sand project from China of $28b is not a letter of intent but it is an awarded contract according to the announcement to be approved through AGM that awarded wording is confirmed by the underwriter. So market shouldn't think it is a MOU project. It should a real project. Super Good news. I only wonder who can afford to buy such a huge sands and after all the sands will be thrown to the sea.
It is a secure term loan. The Board of directors already indicated the outstanding loan will be fully settled with RHB. Don't simply misled and distribute false rumors
NTA 0.44 and PB ration 0.33 only and last 4 quarter QoQ and YoY are earnings, stock seem really undervalue leh. some more the sand business secured already not MOU.
(i) a letter of intent from Boyijun Resources (HK) Limited on 22 April 2020 to purchase natural sand in bulk, with an indicative contract value of approximately USD26.6 million (equivalent to approximately RM110.6 million) for a period of up to December 2021 with an option for extension; (ii) an award from Guangzhou Kaishengda Industrial Co. Ltd on 4 May 2020 for the purchase of river sand and river mouth sand with a contract value of approximately RMB44.8 billion (equivalent to approximately RM27.4 billion) for a period of 15 years; and (iii) a letter of intent from Techpack Solutions Co. Ltd on 27 July 2020 for the supply of silica sand, with an indicative contract value of up to approximately USD79.5 million (equivalent to approximately RM330.7 million) for a period of 5 years.
Anyone has any idea ? only because the term loan to RHB though that one is scheduled to pay and company are earning more than that right? Hope this stock really can break through 0.145 tomorrow.
please do some research about the contract offering company from China and tell me do you really think such a small company can offer a contract with that huge amount? do u really think all the mentioned contracts are legit?
AGESON DIVERSIFIES INTO SAND MINING Company to ship 50,000 tonnes to China and HK monthly starting December New Straits Times10 Oct 2020JOHN GILBERT KUALA LUMPUR bt@nst.com.my
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Supreme Consolidated Resources Berhad, a distributor and warehouser of F&B products, aims to list on the ACE Market!
MQ Trader 635 views | 12 d ago
0:17
New IPO: O&G healthcare service provider, Metro Healthcare Berhad aims to list on the Ace Market!
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....
unclekyyisbest
401 posts
Posted by unclekyyisbest > 2020-10-05 18:04 | Report Abuse
Najib time actually good on project but LGE time better, See gamuda, EKovest,ecoworld and Iwcity. If you guys is construction player then you guys will know.