it was in Sinchew financial news few months ago. Now confirmed only 3 consortiums are involving, namely Berjaya-IJM-MRCB-KTM JV, YTL xxx JV & China companies JV.

Sourdosey, Gamuda has withdrawn their involvement in HSR. it was well known few months ago.

world class? don't mind telling you Gamuda is somebody in Malaysia but is just a peanut in the world / world class level.

高庭驳槟政府司法审核，恢复槟南填海计划遇挫
https://www.malaysiakini.com/news/633902

The High Court here has rejected a bid by the Penang state government to reinstate its Penang South Reclamation (PSR) project.

https://www.freemalaysiatoday.com/category/nation/2022/08/29/penang-govt-loses-legal-bid-to-reinstate-penang-south-reclamation-project/

investment in airline & construction stocks can only be short-term or mid-term. this counter is a political sensitive stock. In fact, any change of government, the price dropped.

2018 BN changed to Pakatan - dropped
2020 Pakatan changed to PN - dropped

welcome sharefisher. the only game changer now for this counter will be the Australia side.

MRT-2 Phase-1 & Phase-2 are going to end soon, by end of March 2022 & end of Dec 2022 respectively. That are with much budget slashed by the Pakatan government with less profit margin & much reduced scope of works in term of design fixtures & number of stations, both for elevated & underground. Whereby for northern & southern elevated sections, PDP contract changed to main contractor, and for underground section remain the same as main contractor.

You can see the almost completed stations now are with simple station design, compromised finishes, lesser cover walkway length, less station ceiling & much much more.

Put closure of Sepang IBS factory in 2020 ( cost them RM100million ++) aside.

You check how many time the share price dropped after new project announcement. No need too far, just starts from Penang master transport plan during Lim GE as CM until now.

Sharefisher, i am telling the facts for people to explore. I did praise this counter when it was good, for example chances of getting projects in Australia in the past. But now this good factor has gone.

Do not listen only good news but also need to know bad news. I know many people only like to hear good news.

Please do not fall in love with any stock counter, but just invest with wisdom.

Is a norm for this counter, each time there was an announcement of new project secured, next day the share price dropped.
People bought before the news, sold after the news.
Bought on news, sold on news.

Can be very sure they under-quoted to secure the Sg project as the MRT2 Phase 1 & Phase 2 will be completed next month & year end respectively. By hook or by crook, got to secure a new project.

Malaysia construction companies always under quote for overseas projects. In the past, how many of them actually made money?

China is a world famous no. 1 as an "Infrastructure Devil". They have punched through mountains / rocks from China to Pakistan, Nepal, crossed under the giant Yellow River, etc. Some of the tunnels at the north-east China have to be cooled down by ice every few minutes due to high temperature. The ECRL tunnel is simply just a peanut project.

There has been quite sometime doing a lot of ground works in Australia. You may expect something to come in but do note hope soon. This news is so so to me.

there is a simple way to verify Tony Pua is good, righteous or a bad guy:-
1) did he cut down a lot of construction cost for the project?
YES, from the revised construction contract figures, it said so. The contract for the elevated
package was changed from PDP contract to turnkey contract with many optimized designs cut
down the construction cost tremendously. The turnkey contract cost for underground package
was also cut down tremendously.

If you now go and visit the MRT Line-2 elevated stations for Phase-1 ( along Jln Kepong & Jln
Ipoh ) and compared with the MRT Line-1, you can see a lot of unnecessary design / features /
fixtures in MRT Line-1 are no more in MRT Line-2.

You clearly see MRT Line-1 is too luxury. Every time when i used MRT Line-1, I always ask - do
we need false ceiling for platform?? You spent the investment cost & subject to more
maintenance cost.

2) did he save a lot of money for government / rakyat?
YES.

3) out of all this effort, huha here & there, did he get anything for himself from whatever happened?
Police / MACC to verify.

Seeing it from your perspective ---- He is good, righteous or a bad guy.. You judge.
My 5 cents input.

Is in March 2022, hopefully.

Until now Phase-1 of the MRT2 still not open to public riding. Supposed to be 15-Nov-21 as confirmed by the government

Me too. Thanks CeyeInvestment. Can you share more stock info weekly?

thanks CEyeInvestment.

the MRT Line 2 is supposed to open its Phase 1 by this month ( July 21 ), later adjusted to Aug 21 and now becomes Mid-Nov 21. As this project is no longer under PDP, the delay is eating up the main contractor ( MMC-gamuda ) & all work package contractors & subcontractors' profits. I presume, this will also impact the Phase-2 as well ( May 2022 ?? ), although may not be that large impact. this is a very bad news.

If Line 3 is not kicking off soon with award of main contractors, the market will have many excess staffs.

typical goreng stock. buy on news and sell on news.
kesian those bought at RM6.xx.
Like Topglove, people shouted RM100 with nice article but eventually only reached RM2x.
The moment you enter, the moment goreng people exit.
Those still wish to hold, hope you are at blessing side.
many people make money at other people expense.

MRT3 starts in the 2nd half this year.... merely a dream after GE15. it shows GE15 is goming soon. They will try to sign contract before GE15 in the rush. Even preliminary designs come later.

Moo is going to lose. New government suspend the work.... or suspend the work for realignment design... or suspend the work for re-tender..

Hurry to start the work in the 2nd half, is so fishy..

If gamuda want the job, need to engage people as the existing staff are too busy with MRT2. But if government change after GE15, the risk is high. Secure the project now is not a good news. Secure the peohect after GE15 is better.

Is not a buy call . i am sure tomorrow morning, rhe price will be shot up, this sentiment may subside very fast... but i think careful investors may have different sentiment

there is no sign they have secured new project. penang transport plan, long way to go for construction as need time for design development & authorities' permit. MRT3 & HSR to JB, long way to go. by the time the MRT2 complete, the train experts already say bye-bye to Bolehland. in addition, local people already got other project to involve, no more going back to train project. it is too late to start new train project if we want to see continuity of learning in train / railway project for our local people.

how many round of right issues they have raised for the past few years? can not imagine how a company keep on raising / creating right issues to raise fund for survival. would you favour this type of stock? when it falls, there is no bottom line.

Latest quarter just annouced yesterday --- lose money... expect at least the next one also lose money.... may God bless all.

Super bleeding...

The Company wishes to announce that the validity of the LOA has been extended by the State Government to 31 August 2020 vide its letter dated 28 February 2020 which was duly received and accepted by SRS Consortium on 2 March 2020 (“Extension”).
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3030224

no cyber bully please

Tomorrow cheap sales again...

Collecting at this price

Today buying rate shows investors are accumulating. Any idea, please share.

Be patient, the price will be up very soon.

Tomorrow sure gap down, no eye to see.

is penang job brader.

change of contract from pdp to turnkey was a major hit to gamuda in 2018 & 2019 as the negotiated contract value was few billion lesser than expected / supposed to be. the 6% pdp was better than the profit from the negotiated turnkey contract....

RM5bil project to turn Ipoh railway station into transport hub

https://www.thestar.com.my/news/nation/2019/10/10/rm5bil-project-to-turn-ipoh-railway-station-into-transport-hub#dbbksyMFGL2JzlEA.01

http://www.martinusrail.com.au/martinus-rail-partners-with-gamuda/

https://gamuda.com.my/2019/10/gamuda_martinus_rail_to_bid_for_a20b_construction_jobs_in_australia/news/

some commenter here use bad words and condemn people. mind your words, respect this forum & your ownself. hurt yourself before you manage to hurt others. people won't listen to those who do not gain respect.

CM: Penang's island reclamation project given federal nod
The National Physical Planning Council (NPPC) has given the green light for the reclamation of three islands off the southern coast of Penang island.

https://www.thestar.com.my/news/nation/2019/04/18/cm-penangs-island-reclamation-project-given-federal-nod/

DOE approves EIA for Penang's proposed Pan Island Link 1.....

MyHSR is calling for a Technical Advisory Consultant tender, check out the website for more details. Something is brewing behind the scene…
http://www.myhsr.com.my/tenders/kl-sg-hsr-project

good news ahead

GAMUDA最大的股東是KWSP(EPF, 退休基金 ), 不是Lembaga Tabung Haji

next month good news ahead...

https://www.theedgemarkets.com/article/stable-earnings-expected-padinis-upcoming-quarters

Padini Holdings Bhd
Upgrade to buy with a target price of RM5: Padini Holdings Bhd’s revenue for the first half of financial year 2019 (1HFY19) increased 4.6% to RM792 million attributed to positive growth from existing stores and with four new ones opened during the quarter. However, 1HFY19 net profit decreased by 13% year-on-year due to a poor performance in the first quarter of FY19 (1QFY19). Padini’s earnings before interest, taxes, depreciation and amortisation (Ebitda) margin eroded by 1.4 percentage points, which was attributable to higher staff costs, rentals and store operational costs. Overall, the 1H performance exceeded our expectations, particularly coming off the heels of a surprisingly low 1QFY19.

On a quarter-on-quarter basis, 2QFY19 revenue and core earnings increased by a substantial 40% and more than 100% respectively partly due to the Christmas holiday period and a five-day year-end sale as there were lesser festivities in 1QFY19. The higher profit growth can also be explained by efficiency in cost management. Recall that Padini recorded a surprisingly low net profit of RM18 million for 1QFY19. A third interim dividend per share (DPS) of 2.5 sen (2QFY18: 2.5 sen) was declared. We expect a full-year DPS of 11.5 sen, translating into a dividend yield of 3.3%.

We remain positive about Padini’s outlook as the company managed to shrug off its issues with rising costs, which resulted in a slump in its 1QFY19 profit. The 2QFY19 results demonstrated resilience and Padini’s ability to improve its profit margin despite cost pressure. On the risk side, its new store openings and cost to retain market share could exert pressure on margins. However, Padini has diversified brand names that appeal to customers, in our view. We expect more stable earnings for the upcoming quarters due to festive periods, that is Chinese New Year in 3QFY19 and Hari Raya in 4QFY19.

We make no changes to our earnings forecasts. Padini’s share price has fallen heavily since it reported weak results for 1QFY19 in November 2018. We believe that its current share price has more than fully reflected the lower earnings expected for FY19. — BIMB Securities Research, Feb 28

if a toll concession company can loan to build a highway, the government can also do that. why we need to privatize the toll collection? this was the previous government's juice. unfortunately, the old man started it first.
we shall see ALL highway concessions to be abolished and let's the government to operate it.

after government takes over the highways, it becomes flexible to open link roads that benefit the car & motorist. without this buy, the government have to compensate the toll concession companies for open a link road that divert the highway traffic. remember the opening of the Sungai besi-puchong road that provide a short cut & toll free road from Astro to IOI Mall? the government have paid compensation to KESAS.

There is a link road from Tesco Puchong to USJ Mamee Factory crossing a river ( Klang River ). the talk has been done many years ago but strong objection by KESAS due to traffic leakage. we see the light after government buys the KESAS. From this example, we sometime see privatized highway hinder new link road construction to protect their revenue.

somebody asked why down today. As i have said on last Friday, the news on the last Friday was bad news.

hey all. this is a bad news. i expect sel down comes 1 to 2 days later.