morning all. i guess it hard to move on when you are stuck. frankly, there are other that you should try your luck. i apologise if this hurt. i lost too luckily not much. but gain much more on other.
But don't worry, Bursa sure approve this Conso+RI. Earlier planned RI around 0.11 is too close to previous RI price hence tak boleh jalan!
Where got both old and new model of washing machine wash so similar between one and another lah! But this time the difference is good enough for market approval!
KUALA LUMPUR (Feb 5): Malaysia’s construction sector has seen better days over the last decade, when players benefited from the influx of huge infrastructure jobs across the country.
But things have taken a turn since 2019. Despite many proposals to roll out more megaprojects prior to that, fiscal constraints faced by the federal government, and later the Covid-19 pandemic, slowed down some plans and brought others to a screeching halt.
This includes the High Speed Rail, the Mass Rapid Transit (MRT) Circle Line, the Rapid Transit System Link and the Pan Borneo Highway.
As past contracts near completion, players have come out with many proposals in recent years to circumvent the government’s fiscal challenges and keep the job flow coming.
Several projects like the MRT 3 are seeing signs of revival, but multiple delays and discussions over the execution methods have kept investors on the sidelines, with the Bursa Malaysia Construction Index near its lowest since April 2020.
The smaller pool of projects have also resulted in more competition, particularly when foreign players have entered the picture and as the industry faces other pandemic challenges, such as rising costs and labour shortages.
Further, the federal government — which has changed three times in three years — also has to balance the development of East and West Malaysia, and to ensure projects that have started can be completed.
What is the outlook for the sector and what are the actions taken by the government and contractors to revitalise the industry? And with construction stocks out of love, have they come down to levels that are deemed attractive?
KUALA LUMPUR (Feb 8): The National Recovery Council (NRC) has agreed for Malaysia’s international borders to be fully reopened from as early as March 1, 2022 without compulsory Covid-19 quarantine, said its chairman Tan Sri Muhyiddin Yassin.
However, Covid-19 screening tests would have to be conducted in accordance with Ministry of Health requirements for both departure and arrivals, Muhyiddin said in a statement on Tuesday (Feb 8).
“The reopening of national borders must be implemented strategically and based on concurrent assessment of risks,” he added.
The NRC’s decision followed a meeting on Tuesday, which saw the council reviewing the proposal for national border reopening by Immigration Department director-general Datuk Seri Khairul Dzaimee Daud.
“Malaysia is among the countries with the highest percentage of completed vaccination [against Covid-19] in the world, with 98% [of its] adult population and over 78% [of its] national population having received complete doses.
“More than 50% of the adult population have also received their booster shot. This helped reduce the burden on the national healthcare system. The administration of booster shots and vaccines for adolescents and children will be increased after taking into account the emergence of the Omicron variant,” the statement read.
Meanwhile, the NRC also proposed to streamline all financial assistance for micro, small and medium enterprises by different government funding agencies, so that the effort can be implemented systematically to optimise utilisation of resources, to reduce overlaps and to ensure more affected parties can receive the necessary aid.
Additionally, the NRC also supports propositions by the Construction Industry Development Board to immediately address issues of rising construction material costs, undersupply of labour and the impact of the movement control order, while also coming up with long-term solutions to related structural issues, it said.
Yeap, agree. This stock is rubbish. The reason it has such a low PE is because it uses corporate exercises to milk shareholder's money and pay for its own debt. Its low PE also show how no one wants it.
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....
CartoonInvesting
145 posts
Posted by CartoonInvesting > 2022-01-26 08:12 | Report Abuse
Do people buy rubbish? Our backyards , neighbourhood has pretty , just collect foc.