@hello_cannot Gkent has the highest weightage in my portfolio. I have owned it since July 2019. My average price of this stock is comfortably lower than current price.

Unless you have insider info, buying a stock just because some random guy on the internet tells you so is quite possibly the worst intellectual decision. It's okay to buy gkent provided you have other reasons. That's all I am saying.

Guys, don't think so much on all these "rumors" or "news". In August, Gkent has shot up to Rm1.00 without any material reasons it seems. Don't use ur energy trying to understand something too difficult.

@Abdulazizba Noted on your comments.

On top of that, it's a writ of summon against TWO companies.. what are the chances these two companies produce fake delivery order to the 3rd party.. hmm..

Hmm. Is Chin Well functioning like a trading house to arrange for other trading house to deliver products to their customer? To pay 26mil for fake delivery orderz is quite mind blowing...

The Company wishes to announce that Chin Well Service Centre Sdn. Bhd. (“CWSC” or “the Plaintiff”), a wholly-owned subsidiary of CWHB had, on 23 November 2020, filed a Writ of Summon and a Statement of Claim dated 23 November 2020 in the High Court of Malaya at Pulau Pinang against the Defendants through a firm of lawyers acting on its behalf.



Particulars of the claims against the Defendants and circumstances leading to the filing of the Writ and Statement of Claim dated 23 November 2020



(a) The Plaintiff placed orders of various steel products (“Products”) with the 1st and 2nd Defendants on diverse dates in 2019 and 2020 for the Defendants to deliver the Products to NBH Service Centre Sdn. Bhd. (“NBHSC”).



(b) On the Defendants producing Invoices accompanied by delivery orders affording evidence of the delivery of the Products to NBHSC the Plaintiff was induced to pay the Defendants the aggregate sum of RM26,340,980.00 (“the Purchase Consideration”) for the Products.



(c) The payment of the Purchase Consideration to the Defendants was made in discharge of the Plaintiff’s obligations as a buyer and it was only upon NBHSC denying receipt of the Products purportedly because of the non- delivery of the Products that the filing of this action has become necessary.



(d) To date, the Defendants have not denied receiving the Purchase Consideration without delivering the Products to NBHSC as required under their contract with the Plaintiff



(e) Wherefore, the Plaintiff is claiming the sum of:



RM15,288,100 against the 1st Defendant;
RM11,052,880 against the 2nd Defendant; and
Such further and other relief and order the Honorable Court deems fit.


Financial and Operational Impact



There is no significant impact on the Group's cash flow and operation except that the revenue of CWSC will be lower in the current financial year ending 30 June 2021 as compared to the immediate preceding financial year ended 30 June 2020.



Expected losses to the Group, if any



The Group may be exposed to a loss of RM26,340,980.00 in the event CWSC fails to recover the sum from the Defendants.



This announcement is dated 23 November 2020.

natura seems to me has a lot of correlation to TBS, e.g. 100% Vegan and sustainable. Anyway, I see the korean wind blowing very strongly these days. All in all, this is a very competitive business.

The bright side of this stock is at 50sens - this stock is slightly undervalued in terms of fundamentals but qualitatively, I am worried for the branding prospect of TBS and Natura in attracting younger crowds which seemingly is more into Korean products especially. Their market share is 1.2% lower than TBS. Their facebook likes individually are lower but higher when combined. We are talking about a fairly new competitor unlike TBS which has been in MY for 20+ years.

What do u all think of the revenue growth of thebodyshop (TBS) malaysia, TBS Vietnam and TBS Cambodia? How about Natura in long term?

Personally, I am a little concerned when the revenue growth for 2019 vs 2018 is only 2.6% increase. TBS Malaysia recorded negative revenue growth but TBS Vietnam helped to increase it overall. Losing market share in Msia is quite concerning for me. Vietnam is probably a less mature market hence there still potential but in long term - stronger competitor will affect it, just like in Msia. Anyway, I prefer to study these two years due to the lack of covid effect muddling it.

Although Bodyshop has the biggest market share in the "mono branding" sector but it's not really to any advantage IMO. Did you know that Leineige, Innisfree, Etude house and many other are all owned by the same company - Ammore Pacific? Is a more resilient business I think. You can target different age groups and purchasing power groups.

https://cdn1.i3investor.com/my/files/st88k/7106_SUPERMX/pt/AFFINHWANG/7106_SUPERMX_AFFINHWANG_2020-10-28_BUY_16.40_Supermax%20%20-%20There%20Is%20Still%20More%20to%20It_181971536.pdf

Personally, I think you are a taad bit too optimistic. Even by picking up the highest target price of all bank analysts, namely Affin Hwang with the target price of Rm16.40 - Their estimate net profits are 2,988.7m (2021E), 1,249.3m (2022E), 1,205.9 (2023E). It's no where near the 4.1b per year you estimate.

Today, result will be coming out. Stay tuned.

Use google incognito to bypass The Star Online paywall.

@Choivo It has gone up a little recently but unfortunately, Pengerang IC which will utilize Naphtha feedstock is not ready atm.. Natural Gas might not have the wide price spread as Naphtha -> PE/PP?

@neohts https://klse.i3investor.com/servlets/ptres/57196.jsp

"On the tendering front, GKent recently submitted a tender for the Layang 2 raw water transfer project (c.RM120m). Additionally, we understand GKent has submitted pre-qualification tenders for multiple hospital projects (design and build basis) whereby some have been retendered from last year. Besides these, GKent is setting its sights on the KVDT2 (Dhaya Maju LTAT terminated as turnkey) once tenders are called. In our view, tender outcome for these projects could be further delayed due to Covid-19 resurgence."

This kinda assuage the common doubt that Gkent is a pure political company to have bagged those construction project, esp the mega ones. It might have at one point but now it has experience and track record to back it up. Esp on LRT 3 as a turnkey contractor. Once lrt 3 is done and dusted, it will be unquestionable regarding their capability.

How is CMCO affecting lrt 3 sites? Can work?

Sslee, you are a rare breed just like my dad. When he realised a pastor was dishonest, he will not just let it go. Even we know the money will not be returned to the church members, yet he still went to ssm, epf and irb to try to make him accountable for his actions. Many things are in limbo right now, but at least the con-pastor's reputation suffered and church "business" suffered.

Personally, not my cup of tea when director talk about future market cap target.. prefer when they talk more about the business, earnings and etc. Just felt the focus is off.

https://www.thestar.com.my/news/nation/2020/09/04/tempers-flare-online-as-water-disruption-persists-in-kl-and-s039gor

This has been a persistent and continuing problem in the water industry for Selangor.. wonder if any water company can come up with a solution..

Nice to hear your thoughts Philips. High risk, high reward i guess. Hope this turns out well for you.

Just spoke to my uncle.. just found out he actually has dementia..

same pattern like karim's kpower and scib.

Yea, awang seems more like a trader than a ceo.

@neohts Gkent's total treasury shares are bought at approximately mid 90+ cents per share. I think with the reason price swing, it might be not as attractive for now. Better for them to purchase at lower price (if drop again) or sit and enjoy if the stock rockets. You may refer to page 12 of latest QR report to get the treasury share information.

Both Karim and Awang seems more like a market player (rather than a busy ceo/director) with their constant buy/sell/takeover of penny stocks and release of positive news, advertisement and fixation on market cap. I don't like this kind of boss that trades more than a casual trader.

how many hidden gems bursa has.......... you must be an elite treasure hunter.

PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), a wholly-owned subsidiary of PETRONAS.

from: https://www.petronas.com/media/press-release/petronas-awards-two-offshore-blocks-peninsular-malaysia

@Titan I am not very sure but based on my research - pchem's only operation in Sarawak is producing urea and ammonia in Bintulu. Anyway, it seems petronas carigali sb is owned directly under Petroliam Nasional Berhad.

D. Future prospects (page: 16)
Can the BOD present more detail on the above: M&As, Strategic Partnership, Complementary Business and upcoming tenders participate?
We are looking at acquiring companies in Europe and Asia for technology, products and markets. This will augment our existing operations.

Augment definition: make (something) greater by adding to it; increase

Doubt gloves or masks will augment existing Water meter, brass fittings or even construction jobs.

I haven't heard an iota of face mask / glove drop in the AGM. I seriously doubt it GKENT will pursue this route.

last week when najib was expected to be acquited, this stock fly. Now when LGE is charged, this stock fly. Really political stock eh.

Wonder what's happening with the profit part for gkent.

37. JOINT OPERATION
On 17 April 2017, the Company entered into an unincorporated joint venture agreement with China Communication
Construction Company Ltd (“CCCCL”) and China Communication Construction Company (M) Sdn. Bhd. (“CCCCM”)
(collectively known as CCCC) in relation to the “Projek Mass Rapid Transit Laluan 2: Sungai Buloh-Serdang-Putrajaya
(SSP)”- Package SSP-SY-204: Trackworks, Maintenance Vehicles & Works Train (“the Project”).
The unincorporated joint venture has been treated as a Joint Operation and was proportionately accounted for by the
Company based on its 49% share of participation in the Joint Venture.
In 2019, the Company entered into a Financial Obligation Agreement (FOA) with CCCC for the purpose of setting out
their individual financial obligations and liabilities. The entry into this FOA does not change the Company’s obligations
in relation to the Project. The parties to the FOA have agreed that in consideration of CCCC assuming the financial
obligations and agreeing to indemnify the Company in all circumstances; the Company shall be released from all
financial obligations in relation to the Joint Venture.    
Arising from the above FOA, “joint control” has ceased to exist as it does not meet the definition of joint operation
(as stipulated in MFRS 11 Joint Arrangements); and significant influence (as stipulated in MFRS 128 Investment in
Associates and Joint Venture). Accordingly, the Company has derecognised its share of the assets and liabilities of the
Joint Venture upon signing of the FOA.

@blood7 I have the same thoughts too. I have sold off my small holdings yesterday morning. After researching the 3 projects below, I came to the conclusion that K has very very good social & political connections to break into foreign countries to secure these projects.

#1 Tanzania's chlor-alkali plant project
#2 Dubai's EPCC project
#3 Zambia's ICT project (Credits to Philip for pointing it out)
#4 There are probably more similar projects

My uncomfortable thoughts with serba:-
#1 I don't know K enough to trust him nor his integrity.

#2 There are more risks investing in a foreign country project with political connections. Likely there are hanky-panky going on when the clients in some case has zero track record. Reminds me of Jho Low and 1MDB to be honest I don't know why.

#3 I saw his CNBC Ad too. At this point with K giving interviews and doing marketing so often I feel K is almost a full-time PR manager, not a CEO anymore. I am very wary with charismatic ceo peddling tech because they remind me of Tony Fernandes.

#4 If u look into Serba's sukuk bond, it has been going down to record low ($87) from $107 since late feb without any rebound. Looks like institutional investors and professional is not convinced with serba.

#5 A lot of Serba's earning are not in cash. Serba raising cash from sukuk and share placement in order to keep the company going forward is very unsustainable to me.

#6 K has been vocal lately on going into tech without abandoning O&M immediately but I feel tech is overrated most of the time. Tech companies are the most successful companies but there are many tech companies that goes into the drain. It's too much unknown for me.

Lastly, I learned a lot from philip so I indebted to him. I am not saying I am only right but I just hope everyone can make their best decision here.

@zen_2k Thank you for your constructive reply.

Can someone explain to me why this contract is not risky?

A. [US$1.78 billion (RM7.71 billion) contract for the engineering, procurement and construction of an innovation hub, academic campus, related facilities and information technology (IT) infrastructure in Abu Dhabi, United Arab Emirates.)]

#1 Website of developer is under construction. http://www.block7investments.com/
#2 No track record for this company
#3 According to TA investment report dated 24.04.2020, "To recap, this contract was awarded by block 7 investments l.l.c. (block 7) which is owned by a local business owner linked to the UAE government." & “Given the sheer scale and ambition of this development, we surmise that it is likely backed by the UAE government,”

Likely backed??

definition of surmise: "suppose that something is true without having evidence to confirm it."

@ Sslee It's just my personal conclusion but I think there are no "wow" factors in the entire agm. Most information could be found in the AR and QR already. Chairman also sound very cautiously optimistic which I think its responsible and great.

Words such as "reasonable profit for LRT3" is the only one I can remember cleary. For example.

Hi SS Lee, your questions was answered although I managed to record some only. Here goes:-

1)It has already been more than 3.5 years since contracts awarded in Oct and Dec 2016. Are both projects on schedule? When will be the contractual handover date? And contractual delay hand-over LAD claim date?

A: Construction activities ceased completely during the mco. Work only recommenced early-june 2020 after the completion of the mandatory foreign worker health screenings for covid-19.

The contractual completion dates for hosp Tanjung Karang and hosp endorkin putrajaya are both in nov 2020. We have submitted applications for the extension of time due to the mco and rmco. jkr is processing our applications.

we are accelerating as we adapt to the government's standard operating procedures.

2)What are the balance revenue and cost for these two hosp projects?

A: For both hosps, the balance as at 31 Jan 2020 is appx. RM260 mil.

9.) What are assets employed, revenue generated and profit/loss from this principal activity?

A: as at the end of financial year, the group registered short-term deposits with licensed banks of rm104.2 mil and dividend income of 1.4 mil.

If they upload the minutes as they said they will consider, u guys should be able to read it all.

They plan to give dividends in FY21.

First time visiting their factory office. No frills, no nonsense. I have a good gut feeling on my investment.

Non Revenue Water in Malaysia. Non revenue water (NRW) is water that has been produced and is "lost" before it reaches the customer. Losses can be real losses (through leaks, sometimes also referred to as physical losses) or apparent losses (for example through theft or metering inaccuracies).Nov 21, 2017

Basically, nothing new except not sure if it's mentioned already - they won a 40mil water meter supply contract for 600,000 water meters to 6 states in Msia for 24 months under the non-revenue water meter initiave.

ajib gor SRC case verdict is drawing interest to this stock!

I’m also new but have read many stories of KYY promoting xinquan, jaks, eversendai and dayang. Seems to me like it’s the same pattern.. goreng then crash? Anyone can enlighten me?

Public investment said to “Hold”. Are you sure they bought?