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KLSE: GKENT       GEORGE KENT MALAYSIA BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.715 0.55     -0.165 (23.08%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
22/12/2020 0.745 0.60 -0.145 (19.46%) SELL HLG Price Target News
16/12/2020 0.785 0.56 -0.225 (28.66%) SELL KENANGA Price Target News
16/12/2020 0.785 0.60 -0.185 (23.57%) SELL HLG Price Target News
22/10/2020 0.685 0.55 -0.135 (19.71%) SELL HLG Price Target News
16/10/2020 0.68 0.55 -0.13 (19.12%) SELL HLG Price Target News
21/09/2020 0.695 0.52 -0.175 (25.18%) SELL HLG Price Target News
15/09/2020 0.75 0.51 -0.24 (32.00%) SELL KENANGA Price Target News
15/09/2020 0.75 0.52 -0.23 (30.67%) SELL HLG Price Target News


Price Target Research Article/News (past 6 months)
22/12/2020  HLG George Kent (Malaysia) - Metering saves the day
16/12/2020  KENANGA George Kent (M) Bhd - 9MFY21 Within Expectations
16/12/2020  HLG George Kent (Malaysia) - Metering saves the day
22/10/2020  HLG George Kent - Toughing It Out
16/10/2020  HLG George Kent - Toughing It Out
21/09/2020  HLG George Kent (Malaysia) - Within Expectations
15/09/2020  KENANGA George Kent (M) Bhd - 1HFY21 Within Expectations
15/09/2020  HLG George Kent (Malaysia) - Within Expectations



  15 people like this.
 
neohts PH cut the cost of LRT3 to low until hardly can break even.
04/01/2021 8:56 AM
amzarb44 The CHINESE MAJORITY VOTED FOR THEM, COZ YOU ALL STOOPID
04/01/2021 9:04 AM
amzarb44 DAP finance minister better than UMNO finance minister? Thinks agaon dude
04/01/2021 11:05 AM
amzarb44 MERITOCRACY kepala bapak kau lah!!!!!
04/01/2021 11:13 AM
ffgarou DAP finance minister was the worst!!
04/01/2021 11:46 AM
amzarb44 30 ringek..... Fake accountants degree
04/01/2021 12:07 PM
sujibaby GKent's core business is not HSR. The compensation for project alteration will be good enough for additional revenue.
04/01/2021 12:13 PM
Choivo Capital https://www.theedgemarkets.com/article/macc-raids-prasarana-premises-earlier-today

very good news for GKENT. After the below news.

https://www.theedgemarkets.com/article/lrt3-contractors-under-financial-stress-prasarana-has-not-paid-work-done-july
04/01/2021 2:37 PM
stockraider Should panic mah...!!

What good news leh ?

Posted by Choivo Capital > Jan 4, 2021 2:37 PM | Report Abuse

https://www.theedgemarkets.com/article/macc-raids-prasarana-premises-e...

very good news for GKENT. After the below news.

https://www.theedgemarkets.com/article/lrt3-contractors-under-financia...
04/01/2021 2:40 PM
amzarb44 What is the fxxk good news?
04/01/2021 3:15 PM
getingreal I see MACC just raided Prasarana today! I suspect the price of coffee is to expensive there. https://www.theedgemarkets.com/article/macc-raids-prasarana-premises-earlier-today
04/01/2021 4:55 PM
Choivo Capital Panic what.

Chairman of Prasarana lanci, want to play with gkent etc.

Gkent etc write to MOF

MACC straight go visit Prasarana.

You think prasarana still dont dare pay boh?
04/01/2021 5:06 PM
Larrytrader Thanks for the news, just found out from this forum
04/01/2021 5:07 PM
SHQuah https://www.theedgemarkets.com/article/no-money-govt-no-payment-lrt3-contractors-says-prasarana-chairman
04/01/2021 8:00 PM
amzarb44 At this point I believe George kent shud not rely on politicians to get projects, they must try to get projects from overseas instead
04/01/2021 9:27 PM
amzarb44 https://www.malaysiakini.com/news/557606?utm_source=dlvr.it&utm_medium=facebook
04/01/2021 9:34 PM
getingreal https://www.theedgemarkets.com/article/no-money-govt-no-payment-lrt3-c...
Taujudin should immediately apologize to MRCB-GK for misleading the press when he lied that all payments had been paid when due and making out that MRCB - GK had been falsely accursing Prasarana of dragging payments. Prasarana will be lucky if they don't get sued for malicious slander. Prasarana should pay its not for Contractors to fund the construction no matter the size of the construction companies. I have no doubt MRCB-GK are incurring about 165,000 a day improperly funding the Project for Prasarana. I trust Prasarana will do the right thing and cover MRCB-GK for their interest costs.
05/01/2021 10:17 AM
Sslee Haha the return of UMNO warlord.
Tajuddin said MRCB-George Kent was alleged to have put pressure on their subcontractors to reduce the contract value.

“Reducing the value of the contract to bring down the cost, isn’t fair to the subcontractors. As a chairman, I cannot keep quiet and allow that to happen, I must intervene,” he said in response to reports that he had interfered with appointments of sub-contractors.

Tajuddin said he cared about the participation of bumiputera contractors. “It is a policy which we need to support,” he said.
05/01/2021 10:23 AM
neohts Non Bumi company very hard to get new contracts.
UMNO or PH also useless. All corrupted.

Malaysia is the 2nd most corrupted country in the world.
05/01/2021 11:32 AM
VinceW What country is the most corrupted in your view?
05/01/2021 11:36 AM
getingreal So Tajuddin "negotiated" a price with the contractors and MRCB-GK has to take them on when they are a fix price contractor. I bet he did! MRCB-GK had to renegotiate their prices which likely left them with insufficient excess slush money to buy Taujuddin his usual coffee. So he's now crying. I bet he is!
05/01/2021 11:45 AM
EngineeringProfit If only they believe in karma
05/01/2021 2:10 PM
neohts Like that how to continue the LRT3 projects ? so many issues ? not enough money to continue.
05/01/2021 2:47 PM
sujibaby Issues are common when it involves politicians. The BOD of GKent are not shy of well-connected big shots as well.SBB to keep the price above support level. Good signs.
05/01/2021 6:28 PM
Begineer Issue with politicians may not be a good sign for future gov's project.
05/01/2021 10:15 PM
SHQuah With the current Covid-19, even if there is an election this year, I won't go and vote. Who ever win, no difference. Government can change again anytime.
06/01/2021 11:01 AM
polycarp Ppl changes no choice
So will the government
07/01/2021 6:44 AM
polycarp Surely and slowly
07/01/2021 6:55 AM
williamtkb Better change government. The politicians are like monkeys making monkey shows instead of managing country and helping Malaysian. All for own politicians benefits instead of Malaysian benefits
07/01/2021 7:00 AM
polycarp When you make a monkey out of
yourself I will enjoy it.
07/01/2021 9:56 AM
FreshGraduate Nice that's more like it. 200k sbb
07/01/2021 7:25 PM
SHQuah Good share buy back.
09/01/2021 5:41 PM
Choivo Capital https://www.malaysiakini.com/news/558386?utm_source=dlvr.it&utm_medium=facebook&fbclid=IwAR01-Susi_O2fzDlSfoZutXLWAJ0_QbicfFipp2BlJdzT-uTtdBPzZJ5lcM

See pay d, but slower.
11/01/2021 4:10 PM
SHQuah https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3121308
14/01/2021 6:03 PM
rururunnn raise sukuk, die lo
14/01/2021 6:13 PM
skc761103 Buy while u still have chance buy in such level low price , raise 600mil for funding lrt3 n merger acquisition
14/01/2021 8:23 PM
SHQuah What merger ? Merger with which company ?
14/01/2021 8:42 PM
SHQuah Philips & Sslee ..... please advise.
14/01/2021 8:43 PM
Sslee http://www.georgekent.net/agm/
The AGM minutes mention about acquiring companies in Europe and Asia for technology, products amd market.

Anyway it is good to have credit line ready if such opportunity present itself.
14/01/2021 9:04 PM
Sslee In liabilities: 500 million Islamic debt and
In current asset: Cash and cash equilvalent 500 million untill this current asset as used for........
15/01/2021 8:53 AM
InsiderShark I believe they are expecting to win some new projects soon, no reason to borrow so much for nothing.
15/01/2021 9:17 AM
neohts So with the 500 millions Islamic debt meaning the company liabilities or loan is more than Cash in hand now. They need the money to pay for LRT3 sub contractors.
15/01/2021 10:30 AM
FreshGraduate When the sukuk is issue definitely the cash will increase.
15/01/2021 10:54 AM
SHQuah How many % of interest rate for 500 millions islamic debt and for how many years ?
15/01/2021 2:18 PM
RainT no hope on construction projects la

going forward only GKENT can depend on the water meter only

already gone GKENT glory days when it has high construction project
15/01/2021 3:21 PM
RainT until now GKENT still heavily link with government ....

even already cannot get any new government contracts

and share price continue to tanks
15/01/2021 3:26 PM
MiaoMiao7 @RainT

Maybe this RM600m susuk is for them to branch out to new projects not related to gov?
16/01/2021 10:46 PM
Philip ( buy what you understand) If you look at it from a scuttlebutt point of view, and from the June agm, everyone should thank sslee. His writing has been noted, recorded and lit a fire under gkent ass. All duly noted and recorded.

Latest project win is 40m for Sabah Sarawak, pahang, kelantan, kedah and perlis. Yes 600,000 meters over 2 years is a tiny amount, but the applications and future it presents shows that the pilot project works
And once deployed will be an exciting day moving forward.

As for the sukuk usage, I believe only 300m from gkent will be for paying subcon(300m more from mrcb) which will be more than enough. Getting A+ rating means the rates will be reasonably low.

More importantly is gkent expansion overseas with 15 new territories grabbed by Honeywell, including south korean, taiwan, and Thailand. They are spending money to do mergers and acquisitions in Europe and Asia to grow this market moving forward. This is a good market to be in especially if you already have the factory and technology involved. 200 million is expected to be used for this side of the expansion.

Doing government work is difficult especially if you want to do things the proper way.

But I think gkent is going about it the right way, and the value of the company moving forward.

As for share buybacks, if total up all the share buybacks from 2019 until today versus the share price at this moment, I think you can say that gkent has been saving us a lot of money, unlike topglove share buyback.
19/01/2021 5:49 AM
SHQuah Share buy back just to support the price from dropping lower.
20/01/2021 5:50 PM
thesteward Good co. Time to big rebound
26/01/2021 8:24 PM

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