TCS (0221): Audit Committee Members

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1 month ago

At least 30c. Now just need to wait another QR to jack up.

1 month ago

I noticed that this smallish construction company can get projects from large conglomerate like KLK and SPSetia.

1 month ago

Michael Kwok

Tcs 16 cents***
Tp 20-24 cents(come early if budget coming look better).
If no,come few month later.
17/10/24 12.40am

1 month ago

kaninabu

Just this morning, TCS project found wall crack, quickly sell and run lo.

2 weeks ago

Kampot80

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

1 week ago

Mak_kiah

suspended ...

1 week ago

Good la. Bring back the chart to supposed level before QR boom.

1 week ago

Syndicates

why ssb8 xde hal?

1 week ago

kritikos

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.

1 week ago

kritikos

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.

1 week ago

If you google who is responsible for structural failure la, contractors are not involved.

1 week ago

eL3MeN7K

This is on piling contractor lah, TCS are only on main building works not TCS fault at all

1 week ago

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

1 week ago

apart from TCS, there are other contractors involved. So could be these other contractor’s problems.

1 week ago

SourDosey

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

1 week ago

feiying87

Confident in TCS, they got experience & not a small developer... problem will resolve for all parties

1 week ago

Albukhary

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?

1 week ago

faridfet

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

1 week ago

CapitalCraftsman

J Satine mixed development project is under investigation. I guess this case will be solved soon

https://thesun.my/business-news/tcs-group-investigates-cracks-at-j-satine-mixed-development-project-PH13272397

1 week ago

We shall see, but most likely is not TCS fault

1 week ago

Vista99

Besides TCS, there are other contractors involved. So could be these other contractor’s problems...

1 week ago

But most of them dont understand one. Might be a good thing, so that those who understand can collect at a cheaper range.

1 week ago

semboYan

let the authorities investigate first... I belive in TCS... once all solve can climb back 0.16 again

1 week ago

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 !

6 days ago

Callmejholow

it will be a long process.

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.

6 days ago

Hard to say, because it is also a big challenge for the developer to find new contractor to clean up the mess in a short time. We will see how it goes

6 days ago

KarmaS

if everything settle then what bossku say would be correct, doubt TCS will tarnish their own reputation...

6 days ago

SourDosey

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…

3 days ago

beachboi21

initial findings suggest that TCS do not cause the building crack, support TCS

3 days ago

I asked my friend who is working in construction field, he said this kind of issue is mostly due to piling problem. Simply speaking, is not TCS fault

3 days ago

The truth will eventually come out and the case will be solved. TCS will continue to move forward and secure more projects

2 days ago

Illvya

Gandingan Jakel said it had taken immediate actions to ensure full compliance with all relevant building codes and regulations. Time will prove Tcs right

2 days ago

New project coming in, time to fly again

https://www.klsescreener.com/v2/announcements/view/8502633

2 days ago

Callmejholow

interesting move.

All the while doing building, website doesnt show much road projects, and now suddenly go into a mega road job. Short term goreng ok la, longer term need to wait and see.

1 day ago

Told ja, TCS will secure more projects 😎

https://www.businesstoday.com.my/2024/11/19/tcs-group-clinches-rm611-million-pan-borneo-highway-job/

1 day ago

faridfet

TCS mmg cable kuat. Company negative net cash, negative free cash flow, negative net margin, level penny stock, market cap only 90m, loss making company pun dpt award pan borneo highway? Gila2.

1 day ago

CapitalCraftsman

Some merchants will still choose POS as a delivery service even if they suffer continuous losses; MSM seen as sugar monopoly still able to make losses. Anything can happen in Malaysia and no need to feel gila about

18 hours ago

Exactly, and all these buka tender projects they will only look at whose price is more reasonable, their work quality in the past etc.... Nothing to do with market cap all that

12 hours ago

fakelok747

New pan borneo project wor, if more project come in then can come back 0.20

11 hours ago