Type Announcement Subject OTHERS Description KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY") - Acceptance of two contracts amounting to RM23.8 million The Board of Directors of KAB is pleased to announce that KAB had on 20 November 2017 and 21 November 2017 accepted Letters of Acceptance for two contracts (“LOAs”) respectively with a combined value of RM23.8 million.
Details of the contracts are as summarised below :-
1. Provision of electrical engineering services for Greenfield Residence
The first LOA, with the contract sum of RM9.8 million, was accepted from Sri Binaraya Sdn Bhd. The Company shall act as a nominated subcontractor for the complete supply, delivery, installation, testing and commissioning of the electrical system for Greenfield Residence, a three-tower apartment complex located in Bandar Sunway, Selangor. The delivery of KAB's services is expected to be completed by 30 April 2020.
2. Provision of electrical engineering and extra low voltage services for Cerrado (Phase 1)
The second LOA, with the contract sum of RM14.0 million, was accepted from Pembinaan Bintang Baru Sdn Bhd. The Company shall act as a nominated subcontractor for the provision of electrical engineering and extra low voltage services for Cerrado (Phase 1), a serviced residence that has two blocks of serviced apartments, five units of three-storey villas along with recreational and commercial facilities located in Sepang, Selangor. The delivery of KAB's services is expected to be completed by 10 February 2020.
The LOAs are expected to contribute positively to the future earnings of KAB for the duration of the respective contracts.
There are no foreseeable significant risks other than normal business and operational risk associated with the LOAs.
None of the Directors and/or major shareholders of the Company or persons connected with them, have any interest, direct or indirect, in the LOAs.
Dear frens, we know that each successful IPO subscriber only got 2k or 3k lot. In which is not easy to accumulate hugh stock by BB. For the past 3 days, BB has been accumulating lots of stock from retailer by pressing down the price. A lot of panic investors keep selling their share. I think BB gonna start goreng this stock on today. 1st catalyst: Good Financial Performance, 2nd catalyst:Awareded contract worth RM28++Million. This 2 catalyst is good enough to goreng the price up...
JUst wait and c, i really pity those panic seller that sold their shares to BB. This is their strategy to accumulate stock. BB already invested so much money in thsi stock, what they will do next it to goreng this counter.
I think BB cost is RM0.285 per piece, so 30% profit will hit target price of RM0.3705.
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whizzkid
1,336 posts
Posted by whizzkid > 2017-11-20 15:01 | Report Abuse
OMG..Hope KAP is up sooner or later.