Covid-19 and politician unstable make economy slown down fundamental company metamorphism ,expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold . market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom. This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
Sarawak govt increases allocation to RM4b for water supply projects, says state minister
Sunday, 17 May 2020 06:24 PM MYT
BY SULOK TAWIE The Sarawak government has increased its allocation of RM2.8 billion to RM4 billion for the immediate implementation and upgrading of water supply systems throughout the state. — Picture by Yusof Mat Isa The Sarawak government has increased its allocation of RM2.8 billion to RM4 billion for the immediate implementation and upgrading of water supply systems throughout the state. — Picture by Yusof Mat Isa
KUCHING, May 17 — The Sarawak government has increased its allocation of RM2.8 billion to RM4 billion for the immediate implementation and upgrading of water supply systems throughout the state, Minister of Utilities Datuk Sri Stephen Rundie said today.
He said the allocation is also for some of the major water projects that will be implemented under the 12th Malaysia Plan (12MP).
“A total of about RM2.55 billion for 234 water supply projects, to address the issues in water-stressed areas, have been awarded, with 116 projects already completed and 118 projects under construction,” he said when responding to criticisms by a former federal minister Datuk Joseph Entulu over the construction of the RM6 billion state second trunk road project.
Entulu, who is also a former Selangau Member of Parliament, had suggested that the RM6 billion could be better utilised for the provisions of water and electricity supplies in the rural areas.
Rundie said the state government has initially provided an allocation of RM5.17 billion under the 11th Malaysia Plan (11MP) for the development and provision of utility services in the rural areas, with RM2.8 billion for water supply and RM2.37 billion for electricity supply.
He said close to RM1.2 billion worth of rural electricity supply projects has been awarded for implementation more projects to be awarded in the coming months.
“Most projects are expected to complete by the end of 2020, with some projects having the wider scope of works spilling over to 2021,” he said, adding that the state government is on track to achieve projected rural water and electricity coverage by 2020.
He said the state government is committed to increasing the water and electricity supply coverage to 100 per cent by the year 2025, adding that every effort is being made to ensure that these utilities are enjoyed by the people.
The ministry had submitted several strategies under 12MP to ensure 100 per cent water and electricity supply coverage as well as the provision of quality, reliable and affordable water and electricity supplies.
Rundie said the Sarawak government has developed the water supply and rural electricity supply master plans to chart the implementation of these utilities in a holistic and systematic manner for the benefit of the rakyat.
“These plans will cater to the changing needs of the communities for access to these basic utilities of water and electricity supplies.
“For water supply, the Sarawak Water Supply Master Plan and Water Grid is a holistic approach for sustainable development of the raw and treated water facilities,” he said, adding that the rural electricity master plan aims to supply through various connection schemes to achieve full 24-hour coverage for all rural communities throughout Sarawak.
`not sure whether the moving of Jakarta's capital to Borneo will have a positive impact or not. How is the company going to transport steel pipes from Kuching to southern Borneo. Unless there will a new highway to be constructed that stretches direct to the new capital.
Group’s pre-tax profit however increased to RM12.4 million (1Q19: RM7.4 million) despite revenue reduced marginally by 8.1% compared to the preceding year corresponding first quarter, mainly due to improved margin from the Engineering sector, in particular the Group’s Civil Construction division.
Em.... I like this type of business. While it's peers r suffering margin compression it enjoy better margin.
East malaysia construction counter such as KKB, CMSB, Naim, HSL etcs ......will be the top player. CMSB significant leads today.....hopefully next week KKB will further move up wards
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....
vincent27
614 posts
Posted by vincent27 > 2020-01-16 16:48 | Report Abuse
RM2 on the way!!!! back to 2013 glory...many good news ahead of this counter, lot of project and award by state goverment and federal