MALAYSIAN RESOURCES CORPORATION BERHAD
KLSE (MYR): MRCB (1651)
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Last Price
0.59
Today's Change
0.00 (0.00%)
Day's Change
0.585 - 0.60
Trading Volume
10,081,400
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22 people like this. Showing 50 of 30,201 comments
https://www.nst.com.my/amp/news/nation/2024/09/1102262/loke-denies-hsr-will-cost-rm120bil
Putrajaya previously said it was open to reviving the project though it must not involve government funding.
Meanwhile, Loke said a decision on the project is expected by the end of the year.
"There has been interest from the private sector, and they have submitted their proposals.
"We are currently assessing these, and the Transport Ministry is preparing a Cabinet paper for review."
3 weeks ago
High chance for HSR to restart next year 😉
https://theedgemalaysia.com/node/727383
1 week ago
This article first appeared in The Edge Malaysia Weekly on March 18, 2024 - March 24, 2024
THREE consortia’s concept proposals for the Kuala Lumpur-Singapore high-speed rail (HSR) are believed to have been shortlisted for the multibillion-ringgit mega infrastructure project.
According to sources privy to the matter, the three consortia are YTL Construction Sdn Bhd-SIPP Rail Sdn Bhd, Malaysian Resources Corp Bhd-IJM Construction Sdn Bhd-Berjaya Rail Sdn Bhd-Keretapi Tanah Melayu Bhd (MRCB-IJM-BRail-KTMB) and a Chinese consortium said to be led by state-owned China Railway Construction.
However, it is believed that only the Chinese consortium has the financial muscle to undertake the project via private funding. The HSR was estimated to cost RM72 billion when the project was being developed between 2015 and 2020, but this could have significantly escalated.
“It is likely that the Chinese consortium will get the project if the government is adamant about having it privately funded. But the government may require the Chinese to take on a bumiputera partner,” says one of the sources.
If the MRCB-IJM-BRail-KTMB consortium’s proposal is chosen, the Employees Provident Fund (EPF) would end up having the biggest exposure to the KL-Singapore HSR. That is because EPF is the largest shareholder of both MRCB and IJM with 36.21% and 17.62% equity interest respectively. It is also a substantial shareholder of YTL Corp Bhd (which wholly owns YTL Construction) with a 5% stake.
1 week ago
0.645 superb buying volume... Powerful. Let's wait for kaboom later or tomorrow?
Strong closed 0.64/0.645
Waiting for big break out 0.655 kuat kuat
1 week ago
Wow. Sellers (contra players? Syndicates? Market makers? Day traders) are dumping shares with less buyers to support the price. Investors are accumulating on weakness without rushing to book sellers. Interesting.
5 days ago
https://www.malaysiakini.com/news/720197
Seems like HSR project will be funded and build by company from China.. no hope for MRCB?
5 days ago
Well, I think if this project is on, it won't be solely run by China company, it must join with local companies, or join with consortium. This bb may involve too even if China co takes the project.
5 days ago
MRCB is part of a consortium bidding for the HSR project, in partnership with friendly party to Johor, Berjaya Rai . Then you have IJM Construction, and Keretapi Tanah Melayu (KTMB). The project aims to improve connectivity between Kuala Lumpur and Singapore. The HSR initiative could potentially align with the redevelopment of KL Sentral, which would be a strategic advantage for MRCB if the HSR passes through this hub.
4 days ago
@NRahmat. Still got hope. They will collaborate with Malaysian construction companies
3 days ago
Amy is right. No worries about this deal if China takes, the consortium is geng chow (powerful). Sure got chance to take part of it.
2 days ago
Assuming nothing happen for HSR for MRCB BUT ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Malaysian Resources Corporation Berhad (MRCB) has been actively involved in several key developments recently. One of the most notable is the redevelopment of the overcapacity Kuala Lumpur Sentral station, which has been approved by the government. This project, valued at over RM1 billion, will see MRCB working under a private finance initiative (PFI). It is expected to enhance the station's infrastructure and capacity, given its current overload of daily commuters.
Additionally, MRCB has been part of a consortium, alongside Berjaya Rail, IJM Corp, and Keretapi Tanah Melayu Bhd, submitting a proposal for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project. This proposal is currently under review, with discussions surrounding revenue augmentation through property and media rights.
In terms of property development, MRCB is set to launch RM4 billion worth of projects in 2024, with a sales target of RM800 million, mainly from domestic ventures. The company's value-unlocking initiatives have placed it in a strong position for growth, especially with the expected commercial developments surrounding the KL Sentral and Shah Alam stadium projects
2 days ago
HSR is an on national mega project. BJland consortium wil be part of it. Thats our king visions and PMX wants bumiputra companies involved.
1 day ago
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