PUTRAJAYA (March 11): About RM280 billion in investment fund is needed to upgrade water infrastructure for sustainable water supply in the country.
Water and Environment Minister Datuk Seri Tuan Ibrahim Tuan Man said this is necessary as the water sector requires a shift and a new approach that is comparable with the other utilities.
“The water sector requires a new funding framework that is investor-friendly be drawn up for that purpose,” he said at the first anniversary celebration of the Ministry, here, today.
At a news conference later, the Ministry’s secretary-general, Datuk Seri Ir Dr Zaini Ujang said RM40 billion was required to replace the old pipes across the country as the lifespan of these pipes is up to 45 years.
“There are water pipes that are 30 years old and need to be repaired or replaced to ensure smooth water supply to consumers,” he added.
Asked on the project of replacing old pipes in Kelantan, Zaini said it is still going on and it is expected to involve a high cost.
For the record, about 4,000 kilometres of the over 8,000 km of water pipes in Kelantan are old and need to be replaced to avoid the risk of the pipes leaking.
@Zamrijin are you that ignorant to not know that this stock is being pumped by his followers. Go to KLSE screener and you will see the same "gang". (Cuscapi, PA, WTK, QES, basically all the "supposedly undervalued" high NTA penny stocks ). I find that a common trait of Malaysian investors is that they like to buy <RM1 stock without any research since they simply follow their GURUS recommendations. And then they post bullish comments on KLSE forums to entice people to buy. Brother, some penny stocks have higher valuation than their NET tangible asset for a REASON.
This stock is going to be 0.0x. I bet you are one of those sheeps who bought a stock because of "NTA" Lol. The only stocks trading below book value on mature markets like Nasdaq and NYSE are O&G, Chemical, and Biotech. Is Fitters one of these companies? Nope. Btw company spending money on buybacks means no more growth. On top of that, we have negative EPS, negative profit margin and they will soon burn through their cash position. Oh,they are main board right? But no dividend lollll. Negative earnings management blame on Movement Control Order and the same excuses. I would short this stock if this is permitted short selling.
I am tempted to post this guy's Facebook link. But I hope you already know who this is. Seriously I am trying to help others who are thinking of acquiring shares in this time. No matter who you are. Day trader/swing trader/long term trader, do not buy since this is no better than a pump and dump scheme.
Bursa won't do anything about complaints so I understand. Also, I do not want to waste any time and effort of going through the broken legal system in Malaysia for the sake of others. I spread knowledge and people either follow or they choose not to. My bearish history: Dnex (Early 2021/Silterra acquisition scandal potential), Exposed Dsonic (Unscrupulous management), Komark (dark pool/insider trading), Saudee (algo trading/HFT pump and dump), G3 Global (insider trading).
Salcon holding a stake doesn't help either. What happened to their glove business. How about the insiders? holding so few shares? all insiders except the boss have so few shares. Just another batch of directors enriching themselves with high salary and leech off the corporate world. Typical Malaysian small cap companies. Waiting for years for exit opportunities and then poof, shareholders get nothing
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....
sandy43
17 posts
Posted by sandy43 > 2021-03-10 12:00 | Report Abuse
Live in the penhouse, no suprise for share holder! Always one day show, big shark