The group whose core businesses are construction and civil engineering services, was highlighted as a “red flag”, suggesting that investors should exercise extra caution while trading.
Thx for highligthing the red flag. Though i don't know where u get it, but i checked its Quarter report. Found that the trade receivable way too high compare to Revenue of all last 4 quarters add up. Careful.
just do your own research. Read all announcement since new CEO is onboard, and you know what's coming for you. Handsome reward for those who are patient. Buy while it is still low.
Major property development and infrastructure projects planned
KUCHING: The Pan Borneo Highway as well as the development of Sabah Development Corridor (SDC) will be major boons for the construction sector in Sabah, analysts observed.
According to Affin Hwang Investment Bank Bhd’s research arm (Affin Hwang), one of the key focus for the development of Sabah under the 11th Malaysia Plan 2016-2020 (11MP) is improving connectivity via infrastructure development.
“Some of the planned projects include the RM12.8 billion Pan Borneo Highway (Sabah section) and new RM311 million KK Bus Rapid Transit (BRT),” the research firm said.
It added, “For the long-term development of the Sabah Development Corridor (SDC), there are plans to build a new KK Airport, Light Rail Transit (LRT) system in KK, upgrade Lahad Datu Airport, build new railway lines to connect north and east coasts of Sabah.”
Affin Hwang noted that Borneo Highway PDP Sdn Bhd, a Warisan Tarang-UEM Group-MMC Corporation Bhd joint venture (60:20:20 shareholding), was appointed as the project delivery partner (PDP) for the Pan Borneo Highway Sabah project in April 2016.
The research firm further noted that three packages have been awarded and the remaining packages are targeted to be awarded by end-2017 to ensure the project is completed by March 2021.
It said that potential beneficiaries are Suria Capital Holdings Bhd (Suria)-Gabungan AQRS Bhd (GAQRS) joint venture (JV) and WCT Holdings Bhd (WCT), which are bidding for the Pan Borneo Highway Sabah project.
On KK Port, Affin Hwang highlighted that a major development taking off is the re-development of the port with estimated gross development value (GDV) of over RM5 billion comprising One Jesselton (developed by GAQRS-Suria JV), Jesselton Quay (developed by SBC Corporation Bhd (SBC)-Suria JV), KK Convention City (developed by Mah Sing Group Bhd) and Sabah International Convention Centre.
“Suria is also planning to acquire 28.9-acre land at KK Port for about RM350 million to develop an International Cruise Terminal as part of the integrated mixed development project,” it said.
The research firm added that SP Setia Bhd is developing the RM2.2 billion Aeropod project in Tanjung Aru currently while the state is developing the RM4 billion Tanjung Aru Eco Development.
Affin Hwang believed the rising tourist arrivals and strong demand from local and foreign buyers for waterfront properties will ensure the success of the KK Port re-development project.
“Construction contract awards for the Pan Borneo Highway Sabah will benefit the contractors with established track records and precast concrete product manufacturers in Sabah,” it said.
Gabungan AQRS Bhd, via its 30%-associate Kreatif Sinar Gabungan Sdn Bhd, accepted a delayed Letter of Award (LOA) from the Pahang State Government for the construction of the state’s new administrative complex at a project cost of RM392 million and contract value of RM415.5 million.
In a filing with Bursa Malaysia today, Gabungan AQRS said it accepted the offer to build the complex known as Pusat Pentadbiran Sultan Ahmad Shah.
A non-binding Letter of Interest for the project was given to Kreatif Sinar on Nov 24, 2014. However some reported issues with funding led to a delay in the LOA.
The project is targeted for completion on March 26, 2020. Tanah Makmur Bhd, which is in the midst of being privatised by Pahang Crown Prince Tengku Abdullah Sultan Ahmad Shah, and which owns 65% of Kreatif Sinar Gabungan, made the same announcement today.
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....
nicky
3,355 posts
Posted by nicky > 2016-07-27 12:21 | Report Abuse
no volume.......