SSteel report a huge loss at quarter report . Look like this stock will follow report loss or earn less than 100k . The company lead by a lier Datin , becareful
LRT3 project back on track, completion in Feb 2024 LRT3 Friday, February 22nd, 2019 at , Economy | News
By ALIFAH ZAINUDDIN / Pic by MUHD AMIN NAHARUL
THE light rail transit line 3 (LRT3) project is back on track with the signing of a novation agreement between Prasarana Malaysia Bhd, MRCB George Kent Sdn Bhd (MRCBGK) and nine work package contractors (WPC) today.
The novation agreement, which is pursuant to the fixed price contract that was signed between Prasarana and MRCBGK on Jan 25, will allow the WPCs to migrate from the previous project delivery partner (PDP) scheme to the fixed price contract scheme.
Under the new arrangement, MRCBGK is now the turnkey contractor while Prasarana takes the role as the project’s employer. The fixed price contract for LRT3 was drawn up in line with instruction by the Ministry of Finance on July 12, 2018, to reduce the project cost to RM16.63 billion.
The signing of the novation agreement was witnessed by Finance Minister Lim Guan Eng, Transport Minister Anthony Loke Siew Fook and Federal Territories Minister Khalid Abd Samad.
Prasarana was represented by its president and group CEO Datuk Mohamed Hazlan Mohamed Hussain, while MRCBGK was represented by its LRT3 project director Patrick Hwang.
The nine other companies signing the agreement are infrastructure WPCs comprise of Mudajaya Corporation Sdn Bhd, WCT Construction Sdn Bhd, Gabungan Strategik Sdn Bhd, APEX Communications Sdn Bhd, Rahimkon Sdn Bhd, Sunway Construction Sdn Bhd, Pembinaan Jaya Zira Sdn Bhd, SN Akmida and Trans Resources Corporation Sdn Bhd.
Connecting Bandar Utama to Johan Setia in Klang, the competition date for the project under the new agreement is set for February 28, 2024.
The length of the new line is maintained at 37.6km, but the number of stations has been reduced from 26 stations to 20 stations. The five stations are listed as future stations. Park and ride facilities were reduced from 6,000 to 2,300 bays and the number of trains were revised from 42 sets of 6-car trains to 22 sets of 3-car trains.
This has allowed the final project cost to be reduced from RM31.65 billion to RM16.63 billion.
Datuk Mohamed Hazlan expressed confidence that Prasarana, MRCBGK and its partners will be able to meet the project’s new deadline.
“With the commitment and the drive of the new government for a better Malaysia, we are very confident that we can meet this deadline. To do this, however, we hope all our partners with the LRT3 project especially MRCBGK and the WPCs would work closely and amicably with us at Prasarana to meet our deliverables,” he said.
Haha , u also said this is goreng share , becareful lol . Lsteel cant compare with Kssc la because at least kssc give dividend every yrs . This cheating stock never give dividend lol . Cheating Datin ...
See , this is cheating stock . Her husband another company econbhd also cheating , some newbie kenal trap liao . This couple really no heart , becareful ...
RATIONALE FOR THE PROPOSED ACQUISITION AND PROSPECTS The Acquisition is in line with LSteel Group’s strategy to expand its plant and office operations to cater to business expansion in the East Malaysian area and consolidate all operations in one location. The close proximity of the Property which is adjacent to the Purchaser’s existing branch in Kuching, Sarawak is strategic and would complement business operations going forward. Premised on the above, the Board is of the opinion that the Acquisition will contribute positively to the business operations and future earnings of the Group.
Government to end anti-dumping duty on China, Indonesia hot rolled coils TheEdgeThu, Jan 31, 2019 - 3 months ago
KUALA LUMPUR (Jan 31): The Government will be terminating the anti-dumping duty on imports of hot rolled coils originating in, or exported, from China and Indonesia effective Feb 9, 2019. -------------------- Lsteel major raw material is hot roll coil, cheaper raw material mean profit will be higher
-manganese is a high grade type of metal. In pure form it look like iron, but it is harder. -when the ore content amount more than 30% manganese, then it is called manganese ore. -when grade lie between 12% to 30%, then it is callled manganese iron ore. -manganese is a important ferro-alloy, which is smelted with iron ore to produce steel -the hardness of steel is depend on quantity of manganese ore used in its production
well well well the bs train started without me, jerret why don't you delete the misinformation in your posts, leader steel doesn't deal in iron ore anymore.
Please be more responsible with sharing information, don't goreng here, people have gotten burned in previous years.
Go AGM ? Waste your time la . This company totally rubbish company . Good time report lost money , suffer time also report lost money . All money go into Datin pocket . No dividend giving even though 0.5 cents .
Get out of here you are just here to smear the company onlyinvestment you coming here selling your sob story talking shxt all day but a real investment guy know to cut loss. You? You don’t even know how to read your financial statements and you call yourself onlyinvestment. How can I tell you don’t know shxt about investment? You’re asking for dividend out of a stock that hasn’t paid dividend in at least 5 years.
I3 is a bs goreng con artist and bullies playground. For all we know Bali Jerret could be your fake accounts to goreng this stock. Someone needs to shut you down.
Hahaha , you said here is full of fake and bullies playground lol . So just let other ppl make they judgement to decide buy or not . You share you know one I share my think one , no wrong no correct. But I see some ppl want cheap other ppl buy this rubbish stock ...hahaha
With tun m support towards huawei on the trade war.. Many China big projects in Malaysia is revived at a specially discounted price. Should be positive for the steel industry. That explains the spike a few day ago. It's looking bright for LSTEEL
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....
bali
113 posts
Posted by bali > 2018-12-22 10:01 | Report Abuse
future of steel industries is uncertainty, all peer steel counters drop like no way home