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17,228 comment(s). Last comment by tkl88 at Nov 25, 2020 7:47 AM
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Philip ( buy what you understand)
4013 posts

Posted by Philip ( buy what you understand) > Jun 26, 2020 12:20 PM | Report Abuse

I think everyone is waiting for results to catch up. If you believe that lrt 3 earnings, hospital earnings and mrt2 earnings will come in, then it is good to hold it build up position. No point in scolding young bank analysts or their reasons for holding. We need to build our own estimates.

>>>>>>>>>

Posted by SHQuah > Jun 26, 2020 8:51 AM | Report Abuse

Just don't understand, Gkent with a NTA net tangible Asset of 93.33 cents. Cash rich, land, building and equipment plus good will worth more than RM1.00. Why so many stupid bank analyst with shit brain come up with TP 50 cents ?. How do they qualified to be stocks analyst. Do you think the know how to read financial report and Balance sheet ? They only looking at revenue and profit.


Philip ( buy what you understand)
4013 posts

Posted by Philip ( buy what you understand) > Jun 26, 2020 12:24 PM | Report Abuse

Why invest in something unknown with no financial impact or traction versus investing in something concrete and signed with profit margins and earnings guaranteed by government? I don't understand that.

But we shall just sit back and monitor as time goes by.

>>>>>>>>>

Posted by Sslee > Jun 26, 2020 9:48 AM | Report Abuse

So please allow me to sell you this future growth prospect of INSAS story.

[KUALA LUMPUR (May 29): The Malaysia Automotive, Robotics and IoT Institute (MARii) has partnered with Sengenics Sdn Bhd to develop ‘ImmuSAFE™’, the world’s first qualitative and quantitative Covid-19 test kit for industrial applications.
MARii said it has signed a Memorandum of Understanding (MoU) with Sengenics that includes the development and commercialisation of products, services and technology related to health management systems, as well as high-throughput diagnostics for communicable diseases in industrial and commercial settings.]

I WhatsApp Dato’ Wong,” Is the above JV business deal very promising for INSAS?

He reply, “Insas owns 17.4% equity interest in Sengenics and I sit on its board from day 1. Yet to get financial impact from this MOU but Sengenics business & patents are getting traction and we signed collaboration agreements with world top pharma companies who will do R&D on patents owned by Sengenics”


RainT
7498 posts

Posted by RainT > Jun 27, 2020 12:43 PM | Report Abuse

@Philip

As I read again the recent QR the PAT of RM3726k is included the forex gain

if excluded the forex gain, then actually GKENT is making loss of RM1078k

What you think about this?

So GKENT QR is not as good as it portrayed, as it is loss making operationally.


TokAbah
309 posts

Posted by TokAbah > Jun 27, 2020 11:32 PM | Report Abuse

PM just announced that HSR, ECRL and those mega projects will still continue. Construction play, will be back into action this Monday. Wow


SHQuah
4416 posts

Posted by SHQuah > Jun 28, 2020 10:01 AM | Report Abuse

RainT..... almost every company facing the same problem due to MCO. What do you expect when no production and no shipment is allowed. Construction stop for 2 months. Next quarter results should be better. Next year should be even better if no more Covid 19 virus.


SHQuah
4416 posts

Posted by SHQuah > Jun 28, 2020 10:03 AM | Report Abuse

So just hold until next year. I hope everyone stop selling and contra players is not welcome.


RainT
7498 posts

Posted by RainT > Jun 29, 2020 10:45 AM | Report Abuse

@tokabah

PM going to be change soon, the U turn policy & projects again


RainT
7498 posts

Posted by RainT > Jun 29, 2020 10:46 AM | Report Abuse

@shquah

good to have you as loyal supporters of GKENT all the while since steep fall after GE until now

no matter GKENT how bad, you will support for good !


Lanesra
1087 posts

Posted by Lanesra > Jun 29, 2020 10:47 AM | Report Abuse

Kesian, once my favourite counter.. became like this haih


SHQuah
4416 posts

Posted by SHQuah > Jul 1, 2020 11:19 AM | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3064040

https://klse.i3investor.com/insider/company/shareBuyback/3204/30-Jun-2020/68914_2380645817.jsp

I hope the company will continue share buy back to support the share price.


amzarb44
448 posts

Posted by amzarb44 > Jul 1, 2020 11:37 AM | Report Abuse

Please ask them when to get new projects


K-Den
675 posts

Posted by K-Den > Jul 1, 2020 1:44 PM | Report Abuse

really speechless...


SHQuah
4416 posts

Posted by SHQuah > Jul 1, 2020 5:16 PM | Report Abuse

Ask them during July AGM


WorldWideInvestor
181 posts

Posted by WorldWideInvestor > Jul 1, 2020 7:12 PM | Report Abuse

I bought a few of GKENT today at 0.605 hope it good deal


SHQuah
4416 posts

Posted by SHQuah > Jul 2, 2020 9:17 AM | Report Abuse

GKENT 69TH ANNUALGENERAL MEETING.

Wednesday, 29 July 2020 10:00 am
George Kent Technology Centre,1115, Jalan Puchong
Taman Meranti Jaya,47120 Puchong
Selangor Darul Ehsan.

I hope Philip and SSlee could attend the meeting and ask more questions. Update us later.


Sslee
4193 posts

Posted by Sslee > Jul 2, 2020 2:20 PM | Report Abuse

Dear SHQuah,
Just bought 2,000 units at 61.5 cents to become Gkent shareholder again. Will prepare some questions this weekend for the AGM but will not attend the AGM because I am still in Medan and if back to Malaysia need two week self quarantine.


SHQuah
4416 posts

Posted by SHQuah > Jul 2, 2020 5:58 PM | Report Abuse

Continue 2 days for share buy back with more volume.


WorldWideInvestor
181 posts

Posted by WorldWideInvestor > Jul 2, 2020 7:05 PM | Report Abuse

I bought a bit more of GKENT today


Sslee
4193 posts

Posted by Sslee > Jul 2, 2020 10:37 PM | Report Abuse

For your attention:
https://klse.i3investor.com/blogs/Sslee_blog/2020-07-02-story-h1509713378-Questions_for_the_Gkent_69th_AGM_on_29th_July_2020.jsp
Questions for the Gkent 69th AGM on 29th July 2020.


xjteh
153 posts

Posted by xjteh > Jul 3, 2020 9:31 AM | Report Abuse

Based on wave calculation, wave-2 down trend may complete or going to end soon. Next uptrend wave-3 shall start soon with short term TP: 0.73, mid term TP: 0.94. Mark my sharing for Maybulk on1/7/20


xjteh
153 posts

Posted by xjteh > Jul 3, 2020 9:32 AM | Report Abuse

Shall wave-2 still continue, next bottom TP: 0.56


SHQuah
4416 posts

Posted by SHQuah > Jul 3, 2020 9:57 AM | Report Abuse

Hi Sslee.....I like your comment for the below.

Q11: May I suggest, stop the Shares Buy-Back and use the cash to pay dividend so that shareholders can use the dividend received to buy more Gkent shares from open market?

Q12. I prefer insider (Directors) to load up Gkent shares from open market rather than Share buy-back. May I know why insider not buying Gkent? May I suggest, Directors use the Directors’ fees and dividend received to buy more Gkent shares from open market?

Q13. May I suggest, BOD consider distributing treasury shares to shareholders as “shares dividend”?


SHQuah
4416 posts

Posted by SHQuah > Jul 3, 2020 10:43 AM | Report Abuse

Can someone kindly help to forward Sslee questions to BOD of Gkent during AGM.

Share in treasury is not your share but if we use the dividend to buy share only then is our share.


K-Den
675 posts

Posted by K-Den > Jul 3, 2020 10:45 AM | Report Abuse

Impressive on Sslee, the way u studied on the quarter report and the question you have posted. Thanks I learned it


Sslee
4193 posts

Posted by Sslee > Jul 3, 2020 2:48 PM | Report Abuse

Dear all,
SC encourages shareholders to be prepared and participate effectively at an Annual General Meeting (AGM) with below CORPORATE GOVERNANCE CHECKLIST FOR SHAREHOLDERS:
https://www.sc.com.my/api/documentms/download.ashx?id=b59a0f5d-c414-4c27-b1c2-37ad15072d47

I was motivated by SC encouragement to read the Annual report and write in the prepared questions for the AGM knowing that the BOD will answers these questions. I can even follow up if the answers given are not clear to me after the AGM. With this Post AGM minority shareholders can now hold promised and presentation make by BOD, management during AGM accountable and answerable.

Post AGM
1. Have you read the ‘Key Matters Discussed’?
Listed issuers are required to publish the ‘Key Matters Discussed’ on its website which is a description of issues discussed and outcomes decided at the AGM.
2. Do the ’Key Matters Discussed’ reflect the discussions and outcomes of the AGM accurately? The ‘Key Matters Discussed’ should not be a mere listing of resolutions and voting outcomes of the AGM.
3. Are shareholders provided with an accessible and effective mechanism to maintain communication with the company?

For Gkent near team future the answer on LRT3 is very important. The contract was revised from PDP model to fixed price contract and signed by MRCB George Kent Sdn Bhd on 25 January 2019 for RM11.4 billion.
And base on year 2020: Revenue RM 526,210,000: Profit for the year: RM 548,000: Profit Margin: 0.10%.
Philip previously wrote profit margin of 10% and will give Gkent (50% equity) of about RM 600 million in earning over the ensuing years.


WorldWideInvestor
181 posts

Posted by WorldWideInvestor > Jul 3, 2020 7:41 PM | Report Abuse

Good today


WorldWideInvestor
181 posts

Posted by WorldWideInvestor > Jul 3, 2020 7:47 PM | Report Abuse

Today I was searching for HSR info from 7pm, I found nothing, just found that will tell on December. Hope it start back

If start back My TP is RM1.20


SHQuah
4416 posts

Posted by SHQuah > Jul 3, 2020 10:52 PM | Report Abuse

3 days continue big share buy back. But I don't think 10% share buy back can push the share price higher. If Gkent BOD increase their share by another 20%, If top 30 major share holders holding more than 90%, then it's up to us to control the share price.


SHQuah
4416 posts

Posted by SHQuah > Jul 4, 2020 9:43 AM | Report Abuse

Sslee & Philip.... about the LRT3 profit margin of 10% or 0.10 %, I hope the BOD could give us an estimation during AGM. Quarterly LRT3 revenue and payment received may not be according to payment terms.


WorldWideInvestor
181 posts

Posted by WorldWideInvestor > Jul 4, 2020 7:25 PM | Report Abuse

Looking forward to next week


SHQuah
4416 posts

Posted by SHQuah > Jul 5, 2020 9:58 AM | Report Abuse

Snap polls possible and soon. If BN win, Gkent up all the way.


winlast
293 posts

Posted by winlast > Jul 6, 2020 9:28 AM | Report Abuse

gkent can perform better


winlast
293 posts

Posted by winlast > Jul 6, 2020 10:49 AM | Report Abuse

go up steadily and stable


SHQuah
4416 posts

Posted by SHQuah > Jul 6, 2020 3:32 PM | Report Abuse

https://www.theedgemarkets.com/article/ecrl-realignment-could-add-rm20b-original-cost-rm44b-%E2%80%94-cgscimb-research

ECRL realignment could add RM20b to original cost of RM44b.

On a related matter, Sharizan opined that another mega rail project, the Kuala Lumpur-Singapore high-speed rail (HSR), could be included in the 12th Malaysia Plan (12MP) due to a lack of infrastructure projects currently.


winlast
293 posts

Posted by winlast > Jul 6, 2020 4:39 PM | Report Abuse

Tomorrow gkent can not buy back at 65 cents anymore
price will be surging to higher high 68 cents technically


WorldWideInvestor
181 posts

Posted by WorldWideInvestor > Jul 6, 2020 7:32 PM | Report Abuse

Good job today


WorldWideInvestor
181 posts

Posted by WorldWideInvestor > Jul 7, 2020 7:21 PM | Report Abuse

I tot win earlier but sadly nope Hope tmoro Dow wont be so bad


amzarb44
448 posts

Posted by amzarb44 > Jul 8, 2020 2:02 PM | Report Abuse

Winlast where is your 68cents?


Sslee
4193 posts

Posted by Sslee > Jul 8, 2020 4:15 PM | Report Abuse

Dear all,
Questions for the Gkent 69th AGM on 29th July 2020 send and today received a reply from Mr. James Foo

Thanks for your email Mr Lee! I've forwarded it to our Company Secretaries for their action.

Have a good week.


James Foo
Senior Manager
Communications Department
George Kent (Malaysia) Berhad


SHQuah
4416 posts

Posted by SHQuah > Jul 10, 2020 7:01 AM | Report Abuse

Every day share buy back.


Philip ( buy what you understand)
4013 posts

Posted by Philip ( buy what you understand) > Jul 10, 2020 7:26 AM | Report Abuse

What is my opinion on this?

Covid-19.
If you look at my portfolio, all my shareholdings still made a profit during MCO period as they are designed to be more resilient during times of economic uncertainty.

For GKENT, in construction they have started back work in April 2020, and I believe it will pick up in the coming years.

Simple answer: if you can see lrt3 project moving in KL, then there will be earning due to GKENT. If the project completes on time, gkent will get far more than rm360 million in earnings in the next 4 years.

I think their track record with LRT ampang, and their other projects deserve a little bit of faith.

Now the question becomes, if gkent receives 360 million in net earnings over 4 years( exclude the water meter production, the hospital construction and their factory assets in Puchong which is undervalued), how much discount will you take before owning this company?

Here let me simplify it further. At 64 cents today, if you can get 6 cents of dividends every year for the next ten years starting from 2021, how much will you be willing to pay to hold GKENT?

However if you believe that gkent will never ever be able to get new projects again... None of this matters.


>>>>>>>>

RainT @Philip

As I read again the recent QR the PAT of RM3726k is included the forex gain

if excluded the forex gain, then actually GKENT is making loss of RM1078k

What you think about this?

So GKENT QR is not as good as it portrayed, as it is loss making operationally.
27/06/2020 12:43 PM


rururunnn
13 posts

Posted by rururunnn > Jul 10, 2020 10:27 AM | Report Abuse

Hi Phillip, how did you get rm360m in next 4 years?


SHQuah
4416 posts

Posted by SHQuah > Jul 10, 2020 4:03 PM | Report Abuse

Hi Philip.......Please kindly attend AGM and update us ASAP.


WorldWideInvestor
181 posts

Posted by WorldWideInvestor > Jul 11, 2020 7:44 PM | Report Abuse

Finally Im back, have time again to chat with you guys.


WorldWideInvestor
181 posts

Posted by WorldWideInvestor > Jul 11, 2020 7:44 PM | Report Abuse

Those are day traders


WorldWideInvestor
181 posts

Posted by WorldWideInvestor > Jul 11, 2020 7:44 PM | Report Abuse

Always last min sell


Slc1
524 posts

Posted by Slc1 > Jul 12, 2020 10:49 AM | Report Abuse

Ya lor....


SHQuah
4416 posts

Posted by SHQuah > Jul 13, 2020 6:27 AM | Report Abuse

Hi Philip...... please ask in future got any more dividend during AGM. Thanks.


Sslee
4193 posts

Posted by Sslee > Jul 13, 2020 8:55 AM | Report Abuse

Dear all,
I had sent in the below questions and senior manager communication department had acknowledge received of my questions.
https://klse.i3investor.com/blogs/Sslee_blog/2020-07-02-story-h1509713378-Questions_for_the_Gkent_69th_AGM_on_29th_July_2020.jsp

Normally questions sent by MSWG and shareholder will be answered in presentation format before the Q&A session is opened to the floor. I am sorry, I’m unable to attend the AGM due to work commitment.
Hope those attend the AGM to make sure the Board present the answers to the questions and if answers is not very clear then you can ask the board for further clarification during Q&A session.

Thank you


SHQuah
4416 posts

Posted by SHQuah > Jul 14, 2020 1:19 PM | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2020-07-02-story-h1509713378-Questions_for_the_Gkent_69th_AGM_on_29th_July_2020.jsp

Hi Philip.....I hope BOD could answer all your question and provide us with answer in AGM 2020 - 69 AGM report.

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