i see the news before, the government need to use a little part of land from eden to develop ecrl, and already give money eden. But seehup is getting contract from ecrl. its not the same right?
Seehup - Construction Contract RM99m x 10%-15% = about RM10-15m profit recognise over construction period; working capital required for completion
Eden - Disposal of land RM100m (example only) x 66% profit margin = RM66m recognise one off; no working capital required for completion. Can cash out RM100m 100%.
Since the spike last year all the way down..Those that keep for a long time also lost hope already I think that's why. Moreover it's going to expire in 6 months time. I only buy mother share don't dare buy warrants too risky.
Just wait until end of march... If still no ecrl land acquisition deal, then i think less chance for the deal to be done....kuantan ecrl is in section b right? And section b already started... The land acquisition should be done before it started?
The Development of East Coast Rail Link Project (ECRL)cmpa.asia › index.php › event › edocument › category PDF Malaysia Rail Link Sdn Bhd. 19 August 2019. The Development of. East Coast Rail Link Project (ECRL). 4TH CHINA MALAYSIA. PORT ALLIANCE (CMPA).
Go search this in your google, Land Acquisition only will fully completed all phases by end of Dec 2021.
Construction of stations and depot and maintenance base will only commence in 2021 first Q.
So i do agree if after end of first Q not secured, then should exit d.
Now the construction only railway, construction of stations, depot and maintenance base will start only this year 2021 based on original time frame revised in May 2019.
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BabyAce
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Posted by BabyAce > 2021-02-05 12:09 | Report Abuse
54 days