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0.79   +0.015 (1.94%)  0.77 - 0.79  178,100
17,705 comment(s). Last comment by BatteriesNotIncluded at May 9, 2021 8:49 PM
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SHQuah
4701 posts

Posted by SHQuah > Jul 17, 2020 7:21 PM | Report Abuse

Everyday share buy back.


Trade111
97 posts

Posted by Trade111 > Jul 19, 2020 2:50 PM | Report Abuse

FEB 2024


SHQuah
4701 posts

Posted by SHQuah > Jul 19, 2020 3:39 PM | Report Abuse

LRT3 to be completed in Feb 2024.


K-Den
682 posts

Posted by K-Den > Jul 19, 2020 7:46 PM | Report Abuse

they purposely bring this up and attract the attention, so people will see GKENT & MRCB. Let's see


WongCapital
142 posts

Posted by WongCapital > Jul 20, 2020 5:17 AM | Report Abuse

I have seen same people lepak here for almost 2 years. Learn to cut loss and move on la. Najib era is over, gkent era also over. No more new project will be given. LRT3 is old story everyone already know. Dont waste time here


SHQuah
4701 posts

Posted by SHQuah > Jul 20, 2020 9:48 AM | Report Abuse

https://www.thestar.com.my/news/nation/2020/07/20/urban-rail-progress-on-track

As for its ongoing LRT3, which had suffered delays, Prasarana’s deputy head for LRT3 Mohd Lokman Hamid confirmed there are practically no more outstanding issues for the LRT line from Bandar Utama to Johan Setia, Klang.

“We have completed around 99% land acquisition, and are in the middle of settling related payments. We have taken over nearly all work sites. Things are going full swing,” he said last Saturday.


Philip ( buy what you understand)
4121 posts

Posted by Philip ( buy what you understand) > Jul 20, 2020 11:09 AM | Report Abuse

If you don't have patience and look at the earnings and cash flow in the future, you will only be looking at past results and see only sad things.

As for me I only started to build up my position last year when the revision of agreement was signed in February 2019 and new revision of fixed price contract. I bought it with full expectation of holding on until 2024 when earnings from LRT3 comes in.

For those who are looking at 6 months and 12 months earnings this will not be a good trading stock for you ( just the way I like it).

For those who want security of a company with huge share buybacks and huge net cash position and a strong manufacturing and engineering team, gkent is my pick.

Let this old story continue to give me good cash flow in the future and pay me good returns with dividends and share buybacks.

For those who want to buy speculation stocks, go right ahead. Buy the boring, unpopular and profitable company.


XiuyyXiong
133 posts

Posted by XiuyyXiong > Jul 20, 2020 1:51 PM | Report Abuse

Volume increased today. 量来价平


RainT
8114 posts

Posted by RainT > Jul 21, 2020 3:01 PM | Report Abuse

one day show?


RainT
8114 posts

Posted by RainT > Jul 21, 2020 3:07 PM | Report Abuse

@SHQUAH


"the Board of Directors does not propose paying a further dividend for the year under review."
The meaning of UNDER REVIEW could be maybe 2020 need to review first ?
But Year 2021 onward should be back to normal with dividend if business has recover.

Year under review is means for financial year 2020

as the annual report is for year 2020

for year 2021, still not sure yet, with so many issue n uncertainty with GKENT

U seem so confident that year 2021 onwards will back to normal ?
pray hard will back to normal


Chong (Buy Valuable Stocks)
17 posts

Posted by Chong (Buy Valuable Stocks) > Jul 21, 2020 3:29 PM | Report Abuse

That's possible LRT3 contract might be revised back to previous version. PH is over, Jib gor is back. Jib Gor posted on facebook today to request to revise the plan. Hopefully, it's back to original plan.


SHQuah
4701 posts

Posted by SHQuah > Jul 21, 2020 6:29 PM | Report Abuse

New government revised ECRL project, so anything is possible.


XiuyyXiong
133 posts

Posted by XiuyyXiong > Jul 21, 2020 10:32 PM | Report Abuse

https://malaysiagazette.com/2020/07/19/segerakan-projek-lrt3/


XiuyyXiong
133 posts

Posted by XiuyyXiong > Jul 21, 2020 10:33 PM | Report Abuse

No wonder volume increased these few days. Ajib commented on his fb page


SHQuah
4701 posts

Posted by SHQuah > Jul 22, 2020 9:13 AM | Report Abuse

https://www.thestar.com.my/business/business-news/2020/07/21/malaysia-to-sign-us880-mln-rail-deal-with-singapore-july-30-minister-says#cxrecs_s

Anyone know which company will be getting the projects ?


RainT
8114 posts

Posted by RainT > Jul 22, 2020 10:04 AM | Report Abuse

U Turn here and there

at the end back to the ori plan


mylinuxbsd
105 posts

Posted by mylinuxbsd > Jul 22, 2020 10:05 AM | Report Abuse

PUCHONG, MALAYSIA, 15 JULY 2019 – George Kent (Malaysia) Berhad (“George Kent” or “the
Group”), through its wholly-owned subsidiary George Kent International Pte. Ltd. (“GKI”), has entered
into a long-term license agreement with Honeywell for a license of the technology and know-how to
manufacture high-precision water meter measuring components for the V100 and V110 C-Class
volumetric water meters. The agreement also includes the transfer of associated machinery and tools.
The Group currently imports Honeywell precision measuring components and registers which are then
assembled with the brass housings manufactured by the Group. Under this agreement, the Group will
manufacture the measuring components, the brass housings and assemble the parts into complete
water meters. This will enable the Group to control its component supply to meet increasing demand
and reduce production costs.
The License Agreement also allows the Group to exclusively sell the Products under its GKM
trademark and GEORGE KENT brand name to 26 territories, including 15 new territories in the Asia
region allowing further opportunities for growth. The Group will also continue to sell the Products back
to Elster for their sales into other worldwide markets.
The agreement is not expected to have a material effect on the Group’s earnings for the current
financial year ending 31 January 2020, but is expected to contribute positively to the Group’s earnings
in the years to follow.
Commenting on the agreement, Chairman Tan Sri Dato’ Tan Kay Hock said:
“This is an important development for George Kent. With this agreement, we can now manufacture
the complete meter, including the precision measuring components and assemble the complete meter
at our world-class production facility. This will enable us to have better control over our component
supply chain to meet increasing demand and reduce production cost.”
_____________________________________________________________


RainT
8114 posts

Posted by RainT > Jul 22, 2020 10:11 AM | Report Abuse

RTS project, GKENT get?

any relate with GKENT for the RTS project?


Slc1
755 posts

Posted by Slc1 > Jul 22, 2020 10:43 AM | Report Abuse

Hope so.


amzarb44
526 posts

Posted by amzarb44 > Jul 23, 2020 9:49 AM | Report Abuse

PH no hope, lucky get lost early


SHQuah
4701 posts

Posted by SHQuah > Jul 23, 2020 10:30 AM | Report Abuse

https://www.thestar.com.my/business/business-news/2020/07/23/earnings-of-construction-companies-seen-picking-up

Earnings of construction companies seen picking up


SHQuah
4701 posts

Posted by SHQuah > Jul 25, 2020 8:48 AM | Report Abuse

Everyday share buy back. Number of shareholders will become less & less. Killing a lot of weak shareholders. Remaining all strong shareholders.


trylearn123
271 posts

Posted by trylearn123 > Jul 26, 2020 12:54 PM | Report Abuse

蛰伏了两年,要起飞了?


WorldWideInvestor
234 posts

Posted by WorldWideInvestor > Jul 26, 2020 7:33 PM | Report Abuse

Arghhh, must buy more


WorldWideInvestor
234 posts

Posted by WorldWideInvestor > Jul 26, 2020 7:33 PM | Report Abuse

Cannot drop more


SHQuah
4701 posts

Posted by SHQuah > Jul 27, 2020 9:40 PM | Report Abuse

AGM 29 July. Please attend and ask more questions. Update us. Thanks.


Devilsadvocatee
46 posts

Posted by Devilsadvocatee > Jul 28, 2020 9:58 AM | Report Abuse

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


thetrueinvestor
272 posts

Posted by thetrueinvestor > Jul 28, 2020 12:39 PM | Report Abuse

gg, today free fall drop to 50 sen


thetrueinvestor
272 posts

Posted by thetrueinvestor > Jul 28, 2020 12:39 PM | Report Abuse

najib guilty


bsngpg
2842 posts

Posted by bsngpg > Jul 28, 2020 12:47 PM | Report Abuse

I have this morning let go all GKent which were purchased since 2016. I opt to not to wait for "The Return of The King". Bye Gkent.

@SHQuah : Thks for your persistent support for Gkent for years. You are a great guy. Good luck to you and Philip.


uniteen
97 posts

Posted by uniteen > Jul 28, 2020 1:09 PM | Report Abuse

Rise to 72 cents and then drop back? Damn


K-Den
682 posts

Posted by K-Den > Jul 29, 2020 10:40 AM | Report Abuse

any update on AGM? good or bad new?


K-Den
682 posts

Posted by K-Den > Jul 29, 2020 12:04 PM | Report Abuse

from price movement, seem like no any special good new, continue hold, cheer


Devilsadvocatee
46 posts

Posted by Devilsadvocatee > Jul 29, 2020 12:07 PM | Report Abuse

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.


SHQuah
4701 posts

Posted by SHQuah > Jul 29, 2020 12:16 PM | Report Abuse

What do you mean by non-revenue water meter initiave ? After AGM share price no support ?


Devilsadvocatee
46 posts

Posted by Devilsadvocatee > Jul 29, 2020 12:19 PM | Report Abuse

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


Devilsadvocatee
46 posts

Posted by Devilsadvocatee > Jul 29, 2020 12:24 PM | Report Abuse

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


SHQuah
4701 posts

Posted by SHQuah > Jul 29, 2020 12:27 PM | Report Abuse

Did they mention on future dividend ?


Devilsadvocatee
46 posts

Posted by Devilsadvocatee > Jul 29, 2020 12:36 PM | Report Abuse

They plan to give dividends in FY21.


SHQuah
4701 posts

Posted by SHQuah > Jul 29, 2020 12:41 PM | Report Abuse

Good. Thanks. At least 2021 still got dividend.


Sslee
5957 posts

Posted by Sslee > Jul 29, 2020 1:29 PM | Report Abuse

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

Thank you


amzarb44
526 posts

Posted by amzarb44 > Jul 29, 2020 3:59 PM | Report Abuse

Desperately need answer from sslee question pleasee


rururunnn
22 posts

Posted by rururunnn > Jul 29, 2020 4:02 PM | Report Abuse

no win construction project??


SHQuah
4701 posts

Posted by SHQuah > Jul 29, 2020 7:09 PM | Report Abuse

Philip......do you have any latest update after AGM ?


Devilsadvocatee
46 posts

Posted by Devilsadvocatee > Jul 29, 2020 8:46 PM | Report Abuse

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.


Sslee
5957 posts

Posted by Sslee > Jul 30, 2020 9:09 AM | Report Abuse

Thank you Devilsadvocatee,
Gkent website already upload the AGM minutes till 2019. Most likely they will upload the 2020 AGM minutes too soon.


Devilsadvocatee
46 posts

Posted by Devilsadvocatee > Jul 30, 2020 5:29 PM | Report Abuse

@ 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.


SHQuah
4701 posts

Posted by SHQuah > Jul 30, 2020 8:06 PM | Report Abuse

Devilsadvocatee ...... thanks for the update.


Sslee
5957 posts

Posted by Sslee > Jul 30, 2020 9:05 PM | Report Abuse

Dear all,
Received from Senior Manager Communications Department George Kent (Malaysia) Berhad

Thank you for your interest in our Company.

Attached are the responses to your questions.

Have a good week.

https://klse.i3investor.com/blogs/Sslee_blog/2020-07-30-story-h1511443183-Gkent_Board_answer_to_my_pre_send_AGM_questions.jsp


joonyuenjeen
76 posts

Posted by joonyuenjeen > Jul 31, 2020 8:01 AM | Report Abuse

Sslee, thnks for your effort.

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