please take note.... there is one Gumanjie group called buy this counter very log time ago and caused alot of member die because of TCS WA expired... espeacially their rubbish sifu Nagugong... So better watch out this counter.
dgr cerita dr engineer projek di Danau Kota tu sama ade jerujuk mendap atau rangka konkrit retak tu mmg serius, sememamg kena robohkan dan bikin semula
nothing to do SSB8. Owner of PV also owns SSB but SSB is not involved in this J.Satine project.. and Jsatine developer is Gandingan Jakel, which is a JV between PV and Jakel.
knee-jerk reaction.. everyone hoohaa now. but in time, all will be forgotten and life goes on. i suppose when the so-called "full investigation report" is out, then we all will know who is responsible. hopefully developer will follow up and issue stmt .. jgn nanti buat senyap saje. in any case, lucky that no one died or injured in the incident. on TCS.. hmm.. who knows, buying opportunity? was 16sen now back to 14 sen.. seems that they have been winning quite a few projects recently.... could be a turnaround play? time will tell.
I know a friend who was involved in the project, he said the problem was the piling contractor. If this is true, then it is unlikely that TCS was at fault because TCS only do the main construction work, not the piling work. Can check back bursa announcement on 21 June 2024
When people see crisis, I see opportunity 😀 This is a buying opportunity. Btw, its share price has climbed from 14 sen in August to 16 sen before the bad news. It will move back up to the price level
No matter TCS is liable or not, once this project is stop, a lot of thing will be impacted. 1st, bank will stop release payment. 2nd, those bank that borrow loan to contractor / sub-contrator that related to this project, bank also will review their loan. 3rd. Developer will hold all payment to contract while pending for investigation. 4th. For contractor, all the worker salary is count on daily one. When project stop, you either need to transfer worker to other side, or your terminate them...etc. 5) For those machinery like crane, cement machine....etc, all count by daily one, when project stop, it is either you continue to pay for it, or return back to vendor.
No one know how long it will take for the investigation, maybe 2 month, 4 months?
if you see any of these name, sure maximum tak boleh pakai one: 1. TCS Group 2. Radium Development 3. Southern Score Builders (SSB8) 4. Platinum Victory 5. Jakel Group 6. Jayyid Land
Actually I've been following TCS for a while. They had a tough period from 2021 to 2023 due to some unprofitable projects picked up during the MCO, but it’s encouraging to see they’ve turned things around. Since July, the company has secured three projects worth RM333 million in total. At this pace, profitability by 2025 looks promising !
developer may choose to terminate first... even if they dont, developer may not compensate for prolongation of contract. either way contractor will lose out.
now hard to say who is at fault and who is not. big blame game now.
I tried CHATGPT to read this news link and tell me which contractors were responsible in the case of the structural failure mentioned. CHATGPT said it could be a piling contractor, a general structural contractor or a concrete or steel frame specialist…
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....
star899
510 posts
Posted by star899 > 2024-03-28 23:00 | Report Abuse
TCS
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