when ken make 60 mil last year price also no 1.50-2.00,the director also hold 46%.ewein didn't even make more than that,capital also more,also director holding less,what's the reason can hit 1.50-2.00?
I recalled back in 2014 when Ewein was talking about collaboration with Zenith for the undersea tunnel project and building some high end condos there. It's still rumours at that time but the share already surge more than 100% to rm1.
In my opinion, it went up from RM0.36 to RM0.80 because PH won. Just a surge, nothing more. No news or catalyst to push it beyond that. Only noticed the company recent quarter result is good.
In my opinion, it went up from RM0.36 to RM0.80 because PH won. Just a surge, nothing more. No news or catalyst to push it beyond that. Only noticed the company recent quarter result is good. 26/06/2018 11:30 ______________________________________________
Longer term can go above 1.00. While waiting, can punt other counters. I see some opportunities next week. Fast one.
Looi Sue-Chern Updated 10 hours ago · Published on 2 Jul 2018 7:26PM · 0 Comments
A view of Penang's second bridge. Consortium Zenith Constructions Sdn Bhd senior executive director Lee Chee Hoe says the proposed third bridge might also feature a light rail transit track running below it. – The Malaysian Insight file pic, July 2, 2018.
CONSORTIUM Zenith Constructions Sdn Bhd (CZC), which is undertaking the Penang undersea tunnel project, will present a proposal to the state government for the construction of a third bridge linking the island to the mainland.
CZC senior executive director Lee Chee Hoe said the third bridge might also feature a light rail transit track running below it.
He said it is up to the state government to decide whether to proceed with the proposed Butterworth-Persiaran Gurney tunnel, or go with another bridge.
“We have not presented the proposal yet. The bridge option is in its final study,” Lee told reporters at CZC’s Hari Raya open house earlier today.
“We will present the pros and cons of the idea. There will not be any additional cost. The bridge will also not be cheaper than the tunnel.”
In August 2016, then Penang chief minister Lim Guan Eng had written to the Works Ministry, seeking approval for a third bridge linking Butterworth to Persiaran Gurney on the island.
CZC chairman Zarul Ahmad Mohd Zulkifli said a bridge might have more issues – including environmental ones – than a tunnel, adding that the height of the bridge would need to be taken into consideration to allow ships to pass under it.
Cruise liners and container vessels would have to be able to pass under the bridge to get to the Swettenham Pier International Cruise Terminal in George Town and Penang Port in Butterworth.
“We will highlight these issues to the state,” Zarul said today.
The tunnel, which is part of a RM6.3 billion project that includes three major roads – Tanjung Bungah-Teluk Bahang bypass (Package 1), Tun Dr Lim Chong Eu Expressway-Ayer Itam bypass (Package 2) and Tun Dr Lim Chong Eu Expressway-Persiaran Gurney bypass (Package 3) – is still at the feasibility study stage.
Zarul said the study is 96% completed, and should be fully done by September or October.
“It needs a bit of tweaking before we present it to the state government. It also needs approval from independent consultancy engineers appointed by the state.”
He said the delay in the completion of the study is due to CZC “being lambasted”, following which the company “could not do much work due to intense pressure by parties seeking to discredit us”.
He was referring to the previous Barisan Nasional federal government’s heavy criticism of the tunnel and highways project, which was mooted by the Penang government.
CZC and its partners, including consultancy firms involved in the project, were subjected to Malaysian Anti-Corruption Commission investigations.
In January, MACC had raided the offices of Penang government departments, CZC and its joint-venture partner Ewein Bhd, among others.
Many individuals, including state excos and consultants involved in the project, were called up to give their statements. Zarul himself was remanded to assist in investigations.
Now with the new Pakatan Harapan federal government in place, CZC expects work to progress, especially on the highways, which have received environmental impact assessment approval.
“We are starting the EMP (environment management programme), while the state government is looking at land acquisition, where federal and private land is involved,” said Zarul.
“We hope everything will be resolved by the end of this year, and we can then have the groundbreaking by year-end or early next year.”
CZC is looking to start work on Package 2 in the first or second quarter of 2019. After Package 2 has seen considerable progress, work will then start on Package 1, which is also known as the North Coast Paired Road.
The construction of the two highways will not be done concurrently, said Lee, so as to not turn Penang island into a “construction site”.
He said CZC will likely be ordered to work during the wee hours to minimise the impact on traffic.
“Considering the road alignment, it can be a havoc for Penang if we have many road closures.
Among the questions raised against the projects was the land swap payment to CZC. The Penang government provided no funding for the project, except through a land swap.
It was reported that Penang gave CZC two plots worth RM208 million that had been reclaimed under the Seri Tanjung Pinang 1 (STP1) reclamation. CZC is working in a joint-venture with developer Ewein to develop the plots.
CZC will also receive 20.2ha of reclaimed land from the subsequent STP2 project off Persiaran Gurney as payment for the tunnel and highways project. https://www.themalaysianinsight.com/s/65390
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....
ewein
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Posted by ewein > 2018-06-24 23:03 | Report Abuse
79 sen is still cheaper than Opcom 87 sen and Vertice RM 1.02 why so much complain only in Ewein?