The news have already been factor and discounted earlier b4 the price went up and the fact that the share price has been spiralling down for the last few months .
KUALA LUMPUR (Jan 18): The government has terminated the engineering, procurement, construction and commissioning (EPCC) contract awarded to China contractor China Communications Construction Co Ltd (CCCC) for the RM81 billion East Coast Rail Link (ECRL) project, a source told theedgemarkets.com today.
CCCC was instructed to stop all construction works and services regarding the ECRL project by Finance Minister Lim Guan Eng on July 3 last year until further notice, pending a review.
The ECRL is among several mega projects being reviewed by the current Pakatan Harapan government, in this case due to the cost of undertaking the ambitious railway link that forms part of China's "One Belt, One Road" initiative.
Digesting and absorbing the recent huge gains is just the norm looking back at yesterday huge volume . Nothing to do with the aborted govt contract that has recently announced that push the share price to its lowest ebbs .
hold tiny amount left. sold most of it above 1.0. Got burn too many times already from this counter. Everytime it seems like recovering, then stupid news about ECRL pop up, next day counter go holland. Good luck to all those still holding...roller coaster going downhill for now...
OIC.. Many is follow the news not the company performance and fundamental.
GBG got so many construction projects & Property development like: - SUKE Highway, RM628m - SUKE Toll Plaza, RM60m - The Peak, RM308m - EÍsland Puchong, RM270m - Contract to build 1,004 homes in Kota SAS, Kuantan. RM189m - PPSAS, RM628m - One Jeselton Waterfrot, Kota Kinabalu, RM900m - PR1MA Gambang, RM424m - Contours@ Malawati Heights ,on-going - Manufacturer of Precast and IBS product with JV SEDCO - Monthly rental income of RM945K (2016-2020) for PETRONAS Chemical, Sabah - MRT 2, confirmed continue - LRT 3 RM1.017B-KIV - ECRL, KIV future outlook - Pan Borneo highway, KIV future outlook - HSR future outlook-cancel?
The next few years may be good or bad to GBG but their industry experience for past projects is good to see.
LOL.. I paper lose few thousand in this counter. Average down so many times, I need go to meeting today, no time to see the trend and q in 0.88. No guts is u not me.
A strong supportive rebound in the near term looking at the sustainable buying volume if it continues to absorb the past hike up share price . Looking impressive in the next coming level.
Agong meeting today. Sultan Pahang a.k.a best buddy of Dato Azizan to be the Agong. Today aqrs engine will start running again. Buy now before miss the bus!
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....
LionSing
62 posts
Posted by LionSing > 2019-01-18 10:01 | Report Abuse
thanks, nice video