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17,228 comment(s). Last comment by tkl88 at Nov 25, 2020 7:47 AM
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GemSeekers
719 posts

Posted by GemSeekers > Aug 11, 2020 10:49 AM | Report Abuse

Gkent management is trusthworthy


Philip ( buy what you understand)
4013 posts

Posted by Philip ( buy what you understand) > Aug 11, 2020 12:46 PM | Report Abuse

How did you buy gkent when you already sold it at 50 cents waiting for quarterly report?

>>>>>>>>


Sslee haha,
Sold Gkent. Step aside for next quarter result.
11/08/2020 9:36 AM


Sslee
4193 posts

Posted by Sslee > Aug 11, 2020 1:58 PM | Report Abuse

Dear Philip,
I wrote on 02/07/2020:
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.
02/07/2020 2:20 PM
Just earned my Beer Bintang with KFC.
https://klse.i3investor.com/blogs/Sslee_blog/2020-07-30-story-h1511443183-Gkent_Board_answer_to_my_pre_send_AGM_questions.jsp

Send addition questions for clarification:

Dear James Foo (Senior Manager Communication Department George Kent (M) Berhad),

Thank you for sending me a copy of the answers to my AGM questions. Please convey my thanks and warm regards to the Board for taking time to answer my questions. I had studied the answers and would like to clarify with the Board on the following answers given.

Answer 4:
MRCB George Kent Sdn Bhd’s financial year end is 31 December 2019.

The LRT3 project was re-modelled from a PDP to a fixed-price turnkey project by the Government. This necessitated the re-design and re-scoping of the overall project, and subsequently the renegotiation of all contracts, and confirmation and agreement of the new contract values with all the work package contractors.

Arising from the above, the project budget and profit have been revised. Consequently, the timing of recognition of revenue and profit was also affected, resulting in the lower profit recognised in FY2020.

{Pardon me to quote a famous investment guru wrote in i3 investor forum on April 6 2020:
In any case, as a PDP partner their profit was capped at 6% of the project size previously,
https://www.thestar.com.my/business/business-news/2018/08/08/mrcb-and-...
As seen here, profit margins for GKENT will be higher, but the total sum will be lower for the redesign, redesign details here:
https://themalaysianreserve.com/2018/07/17/lrt3-rationalisation-suffic...
But gkent/mrcb is required to accept bigger risk as a fixed contract supplier instead of PDP partner. So they are allowed to use better subcons( no longer BN crony company sub like IJM), but hire specialist companies ( like the one I used to work for before retiring) who can give better prices and do directly instead of sub sub like a standard bumiputera company.

I believe their profit margins will be in the range of 1.2 billion or 10% of the contract, similar to standard main contractor margins.
Meaning Gkent earnings will be around 50% of the JV, 600 million divided by 5 years, with a safer number similar to pre-najib lrt3 fees of 60-80 million a year.}

Question 1: May the board share with me arising from re-modelled from a PDP to a fixed-price turnkey project, the project budget and profit have been revised: What is the estimated revised profit margin? Any possibility that the fixed-price turnkey project might incurred losses?

Answer 6: Our current order book stands at RM4.5 billion. We do not have a specific target for its replenishment.
Question 2: The original question asks for Gkent’s current tender book and order book? So what is Gkent’s current construction projects tender book that has yet to be turned into an order book?

Answer 10: We are looking at acquiring companies in Europe and Asia for technology, products and markets. This will augment our existing operations.
Question 3: Original question ask beside M&As, Strategic Partnership, Complementary Business but also upcoming tenders participate? So what are the upcoming construction projects tender Gkent intends to participate?

Thank you. Only 3 questions for the Board/Management team clarification.

Thank you

Best Regards

And the answers: Thanks Mr Lee for your questions. Here are our responses:

1. We are expecting a reasonable margin, which has the potential to be improved upon if we can reduce overheads further.
2. We are unable to provide this information.
3. We are working on some potential opportunities. However, we are covered by non-disclosure agreements and are thus not at liberty to disclose further details.

Thank you for your interest in our company. Have a good week.

These clarification answers mean no new contracts won, not new on-going tendering and the current order book RM 4.5 billion (Gkent part of fixed-price turnkey project LRT3) profit margins unknown hence need Philip to buy beer for Gkent CFO to get this information.


digimon
53 posts

Posted by digimon > Aug 12, 2020 12:20 PM | Report Abuse

any updates on this counter today?


SHQuah
4416 posts

Posted by SHQuah > Aug 12, 2020 12:57 PM | Report Abuse

Don't worry, when all those speculative Gloves, pharmacy, gold, tech and Penny stocks over. Money will coming back to good fundamental stock like Gkent.


RainT
7498 posts

Posted by RainT > Aug 13, 2020 5:09 PM | Report Abuse

as usual when GKENT try to up

then after few days will drop to same price back

many rounds already is like that


RainT
7498 posts

Posted by RainT > Aug 14, 2020 10:44 AM | Report Abuse

end of show

as usual drop back again


Philip ( buy what you understand)
4013 posts

Posted by Philip ( buy what you understand) > Aug 18, 2020 8:10 PM | Report Abuse

I don't know about you, but share price from 40+ to 70+ to 80+ is already a very good sign. In the end share price will follow earnings, and sometimes precedes it. No need to worry so much about share price. Just make sure the earnings are correct.


moneymoneycome
330 posts

Posted by moneymoneycome > Aug 19, 2020 11:25 AM | Report Abuse

chart looks bullish, coming up soon.


GemSeekers
719 posts

Posted by GemSeekers > Aug 20, 2020 10:29 AM | Report Abuse

https://www.thestar.com.my/business/business-news/2020/08/20/suncon-mrcb-george-kent-sign-agreement-for-lrt3-package


K-Den
675 posts

Posted by K-Den > Aug 20, 2020 3:11 PM | Report Abuse

just curious, I thought the agreement was signed long time ago? sound to me just added suncon and revised the contract agreement again?


DreamKaiser
1206 posts

Posted by DreamKaiser > Aug 21, 2020 3:52 AM | Report Abuse

project cost for package GS07-08 revised to 1.295 bil


DreamKaiser
1206 posts

Posted by DreamKaiser > Aug 21, 2020 3:53 AM | Report Abuse

big cost reduction


DreamKaiser
1206 posts

Posted by DreamKaiser > Aug 21, 2020 3:53 AM | Report Abuse

well as long it proceeds


DreamKaiser
1206 posts

Posted by DreamKaiser > Aug 21, 2020 3:53 AM | Report Abuse

the economy needs it


moneymoneycome
330 posts

Posted by moneymoneycome > Aug 21, 2020 11:28 AM | Report Abuse

today seems strong, sth is brewing?


amzarb44
448 posts

Posted by amzarb44 > Aug 21, 2020 1:27 PM | Report Abuse

Go up fast lah


neohts
780 posts

Posted by neohts > Aug 21, 2020 2:11 PM | Report Abuse

https://klse.i3investor.com/blogs/PublicInvest/2020-08-21-story-h1512453313-Technical_Buys_GKENT_3204.jsp

Technical Buys- GKENT


SHQuah
4416 posts

Posted by SHQuah > Aug 22, 2020 9:21 AM | Report Abuse

Slowly going back to 90 cents then 1.00. What we need is more good news and update on all projects.


amzarb44
448 posts

Posted by amzarb44 > Aug 22, 2020 12:43 PM | Report Abuse

SHQUAH is it possible tp RM 3?


SHQuah
4416 posts

Posted by SHQuah > Aug 22, 2020 1:39 PM | Report Abuse

RM3 don't think so. Can get to RM2 will be like winning jackpot. Hopefully in future can get more new Rail projects. If BN win the next election, maybe can break RM3.


WorldWideInvestor
181 posts

Posted by WorldWideInvestor > Aug 23, 2020 7:23 PM | Report Abuse

My Views For September

What is important in the current sentiment?

Vaccine is coming, but I will not listne to Malaysia company that hoo haa say that they got contract. I will sell off my Hexza.

Construction will boom, but I still will sell my Muhibbah, Gkent and Mahsing. This is because the expected Q3 result to drop, so the price will soon follow.

On my trip to Woodlands, I thought that Technology will boom, so I have made the decision to put 98% of my cash into Technology stocks like Dufu, Penta and MPI.

CONCLUSION

SELL

HEXZA | SELL | RM1.47 = RM1470X50=73500
MUHIBBAH | SELL | RM0.83 = RM730X50=41500
GKENT AND MAHSING | SELL | RM0.85 = RM850X50=42500

BUY

DUFU | BUY | RM3.55 = RM3550X25 =RM88750
MPI | BUY | RM14.99 = RM14990X5=RM74950
PENTAMASTER | BUY | RM4.68 = RM4680X7=32760

HOLD

VIVOCOM : HOLD | RM0.02 = RM20X2500 = RM50000

CASH AT HAND = RM3540


1kking
12 posts

Posted by 1kking > Aug 23, 2020 8:59 PM | Report Abuse

Johan Holdings going into PPE and Medical Devices Industry

https://www.linkedin.com/jobs/johan-holdings-berhad-jobs-worldwide?f_C...=0


The Johan Group today is a Malaysian established group of companies with diversified operations and is listed on the Main Market of Bursa Malaysia Securities Berhad. Johan's Group current principal activities are as franchise operator for Diners Club charge and credit cards, travel and tours, property, manufacturing, resorts and hotels. We are currently looking for candidates who are dynamic and seeking for challenges in the Personnel Protective Equipment (PPE) and Medical Devices related industry.

Responsibilities

Develop the operations plan for the PPE and Medical Devices business
Conduct market survey to determine the market condition
Develop the branding & pricing strategy, marketing plan and distribution channel
Liaise with relevant authority to obtain necessary licence, certification and apply for government incentives
Ensure resource availability and allocation, including raw material and cash flow management
Establish the office structure and formalise the standard procedures, including authority chart

The Requirements

At least 5 years in the PPE manufacturing/distribution and Sales and Marketing of PPE related products.
Familiar with materials for the manufacturing of non-woven products
Posses Sales & Marketing experience
Knowledge of the medical supplies industry
Knowledge in the PPE supplies industry
Experience in general management including financial management


amzarb44
448 posts

Posted by amzarb44 > Aug 24, 2020 12:50 PM | Report Abuse

Wake up laaa dammit


K-Den
675 posts

Posted by K-Den > Aug 26, 2020 8:29 AM | Report Abuse

haha, relax, I stuck more than 1 year dy, but no choice


neohts
780 posts

Posted by neohts > Aug 26, 2020 11:10 AM | Report Abuse

why long time no share buy back ?


Devilsadvocatee
43 posts

Posted by Devilsadvocatee > Aug 26, 2020 12:15 PM | Report Abuse

@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.


Superbinvestor
269 posts

Posted by Superbinvestor > Aug 26, 2020 10:36 PM | Report Abuse

Come back again next month


ongth60
210 posts

Posted by ongth60 > Aug 26, 2020 11:25 PM | Report Abuse

Maybe the share buyback is a good indicator that the stock is in undervalue or not?


K-Den
675 posts

Posted by K-Den > Aug 27, 2020 5:50 PM | Report Abuse

mrcb's QR little recognition from LRT3, target 40 completion end of 2020, let's forecast Gkent next qr


amzarb44
448 posts

Posted by amzarb44 > Aug 28, 2020 10:31 AM | Report Abuse

What news next month? Is it something big?


K-Den
675 posts

Posted by K-Den > Aug 28, 2020 2:55 PM | Report Abuse

from.price movement, don't think got any good new, unless you have any insider news


neohts
780 posts

Posted by neohts > Aug 28, 2020 3:14 PM | Report Abuse

A very Good company....price down due to MCO.
Next year should be better as construction and production back to normal since June.


neohts
780 posts

Posted by neohts > Aug 28, 2020 3:53 PM | Report Abuse

Long time didn't get interesting update from Philip and Sslee ?


amzarb44
448 posts

Posted by amzarb44 > Aug 28, 2020 5:12 PM | Report Abuse

Philip and sslee already sell their positions in gkent


SHQuah
4416 posts

Posted by SHQuah > Aug 29, 2020 8:43 AM | Report Abuse

Philip won't sell, he will keep for long term.


amzarb44
448 posts

Posted by amzarb44 > Aug 30, 2020 2:52 PM | Report Abuse

High speed rail news is around, George kent not related?


Sarara
163 posts

Posted by Sarara > Aug 30, 2020 8:42 PM | Report Abuse

election is COMING !!! gonna rocket soon !!!


AnaiAnai
295 posts

Posted by AnaiAnai > Aug 31, 2020 2:43 PM | Report Abuse

next QR chance gg.com is higher. Peers QR mostly show bad result. Will Gkent outshine the peers?


amzarb44
448 posts

Posted by amzarb44 > Aug 31, 2020 6:59 PM | Report Abuse

Why shud outshine?


amzarb44
448 posts

Posted by amzarb44 > Sep 1, 2020 10:54 AM | Report Abuse

Wake up laaa king ayoooo


neohts
780 posts

Posted by neohts > Sep 1, 2020 4:21 PM | Report Abuse

Just buy and keep for Next year. Sure win.


Superbinvestor
269 posts

Posted by Superbinvestor > Sep 1, 2020 7:23 PM | Report Abuse

Gkent and johan is the best pick


amzarb44
448 posts

Posted by amzarb44 > Sep 1, 2020 8:21 PM | Report Abuse

How bout their orang line bangkok tender? Still no update?


amzarb44
448 posts

Posted by amzarb44 > Sep 2, 2020 2:18 PM | Report Abuse

MYEG poised to close back the gap due to ge 14, will gkent follow?


SHQuah
4416 posts

Posted by SHQuah > Sep 3, 2020 12:26 PM | Report Abuse

Buy now. Next year sure got good dividend.


neohts
780 posts

Posted by neohts > Sep 3, 2020 3:23 PM | Report Abuse

Gkent is a very good company. Making profit since day one 1997 until now.
Good dividend stock. Just buy and keep for long term. Can sleep well.


Devilsadvocatee
43 posts

Posted by Devilsadvocatee > Sep 4, 2020 1:23 PM | Report Abuse

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..


neohts
780 posts

Posted by neohts > Sep 4, 2020 3:54 PM | Report Abuse

Philip.....any update ?


amzarb44
448 posts

Posted by amzarb44 > Sep 4, 2020 5:05 PM | Report Abuse

Philips sold ady

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