Healthy cash flow. From P&L Amount owing by customers under construction contracts 962,487,000 Trade receivables 582,243,000 Other receivables, refundable deposits & prepaid expenses 132,710,000
cepatlah Hyundai Eng. dan Hyundai E&C award kontrak. harap2 eversendai dapat jadi main sub con. dulu dapat sub dari alstom je. Untuk info Awal tahun ni sendai dapat projek fabrication offshore dari hyundai E&C di MENA.
Hyundai Engineering and Hyundai E&C bag $918mn order in Malaysia
2017.05.31 15:31:39
The location of combined cycle gas turbine to be built in Malacca [Photo by: Hyundai Engineering Co.] South Korea’s Hyundai Engineering Co. and Hyundai Engineering & Construction Co. (Hyundai E&C) won a $918 million worth order in Malaysia to build the largest power plant in the Southeast Asian country.
The two Korean firms under Hyundai Motor Group struck a deal with Malaysian independent power producer Edra Global Energy Berhad to build a 2,242-megawatt (MW) combined cycle gas turbine (CCGT) power plant in Alor Gajah, Malacca, 90 kilometers southeast of Kuala Lumpur, according to Hyundai Engineering Wednesday. It would make the largest CCGT in Malaysia once completed over the next 40 months.
Hyundai Engineering will lead the works with an 85 percent stake, while Hyundai E&C will own a 15 percent interest.
Hyundai Engineering is working on a project in Malaysia it won in 2014 to build a 2,000-MW ultra-supercritical coal-fired power plant in Jima, Port Dickson, about 60 kilometers south of Kula Lumpur.
The Korean builders are expected to look to offshore power plant markets for business opportunities as new South Korean President Moon Jae-in has vowed phase-out from coal-fueled and nuclear power plants.
Beware of oversea news especially those claim for potential business as it is not 100% guarantee secured deal and this could be common tactic by operator to pump and dump.
@iQie No, I am not a crony of AK. just one of the share trader.
Bursa maybe quiet for at least 15 business days beginning from this week. It may resume active trading mid July. By then, 2nd quarter result will be of interest. BEST TP- RM 3.13, could happen next year.after annual report. Meantime, immediate target is RM1.45 and RM 2.09. Once reach above 1.45, big players may lift their heads up.
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....
iQie
756 posts
Posted by iQie > 2017-06-16 15:37 | Report Abuse
@moneykj if trend like this..RM3 by september is possible too..hehe