Highlights
KLSE: MRCB (1651)       MALAYSIAN RESOURCES CORP BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.805   0.00 (0.00%)  0.00 - 0.00  0
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News & Blogs

Date Subject
19-Mar-2019 MRCB stepping up the game in construction industry with MBS
27-Feb-2019 MRCB - Gearing Reduced
27-Feb-2019 Malaysian Resources Corporation Berhad - Earnings Met Expectations
27-Feb-2019 MRCB - FY18 profit falls by 37.1% YoY
27-Feb-2019 PublicInvest Research Headlines - 27 Feb 2019
27-Feb-2019 Malaysian Resources Corp - FY18 Below Expectations
27-Feb-2019 Malaysian Resources Corporation - Core Earnings Missed
15-Feb-2019 Malaysian Resources Corporation Berhad - Updated Timeline to Allay Concerns on Prolonged Delay
15-Feb-2019 PublicInvest Research Headlines - 15 Feb 2019
12-Feb-2019 MQ Research: Maintain Outperform on MRCB, TP Revised
30-Jan-2019 马资源 SUKE合约推高财测
29-Jan-2019 Malaysian Resources Corporation - A Good Start to FY19
29-Jan-2019 MRCB - Bags RM323mil contract
29-Jan-2019 Malaysian Resources Corporation Berhad - Awarded SUKE Project Worth RM323m
29-Jan-2019 Malaysian Resources Corp - First Contract for the Year
29-Jan-2019 PublicInvest Research Headlines - 29 Jan 2019
28-Jan-2019 MRCB's wholly-owned subsidiary bags RM323m contract
28-Jan-2019 MRCB-George Kent Inks LRT3 Deal With Prasarana
22-Jan-2019 PublicInvest Research Headlines - 22 Jan 2019
22-Jan-2019 Mplus Market Pulse - 22 Jan 2019
18-Jan-2019 New LRT3 contract to be signed soon
16-Jan-2019 Stocks on Radar - Malaysian Resources Corporation (1651)
14-Jan-2019 [转贴] 国家基建公司拖欠8亿 LRT3分包商资金受困濒临破产
20-Dec-2018 PublicInvest Research Headlines - 20 Dec 2018
20-Dec-2018 Mplus Market Pulse - 20 Dec 2018
19-Dec-2018 MRCB's net gearing falls to 24pct, GDV triples to RM31b
19-Dec-2018 MRCB gets RM1.07b from EPF for Bukit Jalil project
12-Dec-2018 TH cutting exposure to stock market
04-Dec-2018 MQ Research: MRCB in Best Financial State Since 1997
03-Dec-2018 东疏大道赔偿金到手‧马资源有何影响?
26-Nov-2018 Mplus Market Pulse - 26 Nov 2018
26-Nov-2018 PublicInvest Research Headlines - 26 Nov 2018
23-Nov-2018 MRCB - Supported by Land Sales Gains
23-Nov-2018 Mplus Market Pulse - 23 Nov 2018
23-Nov-2018 Malaysian Resources Corporation - Results dragged by property
23-Nov-2018 MRCB's 9M18 Results – Outperform Maintained
23-Nov-2018 MRCB - 9MFY18 profit grows 17.2% YoY
23-Nov-2018 Malaysian Resources Corp - 9M18 Below Expectations
23-Nov-2018 Malaysian Resources Corporation Berhad - to Pick Up Momentum Soon
21-Nov-2018 PublicInvest Research Headlines - 21 Nov 2018
19-Nov-2018 李文龙‧不幸中之大幸
13-Nov-2018 Malaysian Resources Corporation - Finalisation of EDL Disposal
13-Nov-2018 MRCB - Highway trouble solved
13-Nov-2018 MRCB to Receive RM1.32bil. From EDL Concession Termination
13-Nov-2018 PublicInvest Research Headlines - 13 Nov 2018
13-Nov-2018 Malaysian Resources Corporation Berhad - Agreement to terminate EDL concession
13-Nov-2018 Mplus Market Pulse - 13 Nov 2018
13-Nov-2018 MRCB - Formal end to EDL contract, MRCB gets RM1,325.8mil
13-Nov-2018 Malaysian Resources Corp - Eastern Dispersal Link Settled
12-Nov-2018 Evening Market Summary - 12 Nov 2018
08-Nov-2018 MRCB - Gets RM1.3bil EDL compensation, RM11.86bil LRT3 job
07-Nov-2018 Mplus Market Pulse - 7 Nov 2018
07-Nov-2018 Malaysian Resources Corporation Berhad - LRT3 to continue by year end
07-Nov-2018 PublicInvest Research Headlines - 7 Nov 2018
05-Nov-2018 M+ Online Technical Focus - 5 Nov 2018
05-Nov-2018 MRCB-GK gets letter to resume LRT3 at fixed RM11.8b
05-Nov-2018 Mplus Market Pulse - Still On The Recovery Path, By Choppy
05-Nov-2018 [转贴] [Facebook live:浅谈Malaysian Resources corp bhd (Mrcb)] - James的股票投资James Share Investing
05-Nov-2018 Daily Market Update - 5 Nov 2018 (MRCB, CCK)
19-Oct-2018 MRCB - Pioneer of transit-oriented development in Malaysia
18-Oct-2018 Evening Market Summary - 18 Oct 2018
18-Oct-2018 LRT3 gets ‘nod’ at half the price
18-Oct-2018 Malaysian Resources Corporation Berhad - Full Steam Ahead for LRT3
18-Oct-2018 PublicInvest Research Headlines - 18 Oct 2018
18-Oct-2018 Mplus Market Pulse - 18 Oct 2018
18-Oct-2018 Daily technical highlights – (MRCB, CARLSBG)
10-Oct-2018 MQ Research: MRCB a Strong Contender in MRT2 Re-tendering
08-Oct-2018 MRT2 Cost-cutting Measures Announced – RM5.2bn Saved
18-Sep-2018 马资源业务如何?
03-Sep-2018 MRCB - Delays in Negotiations
03-Sep-2018 Malaysian Resources Corporation Berhad - Weak Results Due to Lower Revenue
03-Sep-2018 Malaysian Resources Corporation - 2Q Results Dragged by Property
03-Sep-2018 Malaysian Resources Corp - 1H18 Broadly in Line
24-Aug-2018 Ahza Adhwa's August T.A 2018 for MRCB
08-Aug-2018 M+ Online Technical Focus - 8 Aug 2018
08-Aug-2018 Terminating MRCB-George Kent as LRT3 PDP would have cost govt RM4.2b, says Lim
08-Aug-2018 Daily Market Update - 8 Aug 2018 (MMCCORP, MRCB)
06-Aug-2018 PublicInvest Research Headlines - 6 Aug 2018
29-Jul-2018 马资源上挑89仙/敏源
26-Jul-2018 MQ Research: MRCB – Bruised But Not Broken
25-Jul-2018 M+ Online Technical Focus - 25 Jul 2018
24-Jul-2018 Daily Technical Highlights – (MRCB, SCOMNET)
20-Jul-2018 MRCB: The Accumulation Week
18-Jul-2018 LRT3瘦身照跑‧马资源激烈波动
17-Jul-2018 Construction - 2H18 Outlook: Remains Challenging
16-Jul-2018 [ MRCB ] - 还有涨停板的机会吗 ?? - J4 Investing Capital
14-Jul-2018 MRCB: Not-A-Gold-Mine? Really?
13-Jul-2018 MRCB: The Sleeping Gold Mine
13-Jul-2018 Construction - Scaling Down LRT3
13-Jul-2018 Construction - Scaling Down LRT3
12-Jul-2018 MRCB CLOSED IN TOP NUMBER ONE VOLUME & UP 27% WITH PDP FOR LRT3 POSITIVE NEWS, Calvin Tan Research
10-Jul-2018 Construction - LRT3 on the Chopping Board?
10-Jul-2018 LRT3 cost can be reduced by RM6bil
09-Jul-2018 Malaysian Resources Corporation - Escalating LRT3 Construction Cost
21-Jun-2018 Mplus Market Pulse - 21 Jun 2018
05-Jun-2018 Construction - The party’s over
05-Jun-2018 马资源股价大跌过度悲观
05-Jun-2018 Construction - The party’s over
05-Jun-2018 Property Developers - It’s All Relative
04-Jun-2018 1QCY18 Results Review - A Weak Start As Expected
01-Jun-2018 Mplus Market Pulse - 1 Jun 2018
31-May-2018 Malaysian Resources Corporation Berhad - Earnings Lugged By Opex And Lower Revenue
31-May-2018 Malaysian Resources Corporation (MRC MK) - 1Q18: Benefits From Deleveraging; Upgrade To BUY.
31-May-2018 Buying MRCB - felicity
31-May-2018 PublicInvest Research Headlines - 31 May 2018
31-May-2018 Mplus Market Pulse - 31 May 2018
31-May-2018 Malaysian Resources Corporation - Decent recover but slower-than-expected
31-May-2018 Malaysian Resources Corp - 1Q18 Below Expectations
31-May-2018 MRCB - Seasonal Lag
30-May-2018 Malaysian Resources Corp - Cancellation of KL-SG High Speed Rail
22-May-2018 MRCB: Only 23% of Construction Orderbook Is From the Government
18-May-2018 MRCB-Quill REIT - 1Q18 Well Within Expectations
17-May-2018 Top brass of rail projects summoned by Team of Eminent Persons
15-May-2018 Malaysian Resources Corporation - Selling overdone; Anticipate technical rebound
15-May-2018 Malaysian Resources Corporation - Selling Overdone; Anticipate Technical Rebound
12-May-2018 Construction players face uncertain prospects (Top losers: Gamuda, YTL Corp, MRCB, Protasco, IJM Corp ) - The Star Online 12 May 2018
08-May-2018 Daily Technical Highlights – (SAPNRG, MRCB)
03-May-2018 Mplus Market Pulse - 3 May 2018
02-May-2018 M+ Online Technical Focus - 2 May 2018
30-Apr-2018 Outperform Rating Reiterated on MRCB
16-Apr-2018 大选概念股‧选战之前抢先机
08-Apr-2018 马资源反弹上挑RM1.06/敏源
06-Apr-2018 Construction Industry Peers Comparison @ 3rd April 2018 GAMUDA, GKENT, IJM, MRCB - oldfriendsinvesting
06-Apr-2018 Mplus Market Pulse - 6 Apr 2018
06-Apr-2018 Malaysian Resources Corp - Bags KL-SG High Speed Rail PDP
02-Apr-2018 M+ Online Technical Focus - 4 Apr 2018
02-Apr-2018 Daily Market Update - 2 Apr 2018 (GBGARQS, MRCB)
30-Mar-2018 MRCB-Quill REIT - In An Era of Oversupply, Who Survives?
27-Mar-2018 MRCB - Management Contract for Bukit Jalil
27-Mar-2018 PublicInvest Research Headlines - 27 Mar 2018
23-Mar-2018 PublicInvest Research Headlines - 23 Mar 2018
21-Mar-2018 MRCB to Sell Prime KL Land to Socso for RM323mil
20-Mar-2018 Mplus Market Pulse - 20 Mar 2018
20-Mar-2018 MRCB - Sells Kia Peng Land
Analyze this stock with MQ Trader system

  19 people like this.
 
Sinoboy Disposal gains not factored in for fy18. Fy19 should be a bumper year :))
26/02/2019 23:57
sarahdeaton Okok..dun argue la. Last night god told me in my dream the number 1050. Toto first prize. Go buy now!!!
27/02/2019 08:16
EatCoconutCanWin by right it should reporting profit loss. but they including fake income of 20mil
27/02/2019 08:25
sarahdeaton Red sea? Okok...i sell all.
27/02/2019 09:32
sasword If no fake result how to channel EPF and tabung haji fund into this rubbish stock ?
27/02/2019 09:55
zKingDB MRCB posted a net profit of RM101.2mil for the financial year ended Dec 31, 2018 (FY18) compared with RM161.91mil in 2017.

Drop in sales
27/02/2019 10:53
SHQuah https://klse.i3investor.com/servlets/ptres/49265.jsp

Reiterate BUY call with an adjusted TP of RM0.90
27/02/2019 14:53
SHQuah Just buy, don't ask why ?
What we are waiting is the future HSR KL Singapore high speed rails in 2020. It is even bigger than LRT3. Gkent and MRCB got a very good chance of getting the contracts.

LRT3 still got jobs until 2024. - 5 years to go. Why worry.
27/02/2019 14:54
SamuelLuke TP1.08
27/02/2019 16:26
Eggtart_king To me the QR result sign good, hold and wait coming 0.90++
27/02/2019 21:20
wantousek *yawn* cant even stay 80c above..always back 70c 60c
28/02/2019 11:10
SamuelLuke Shhhh...... hahaha
28/02/2019 16:49
TA_trader Shhhhhh......
28/02/2019 21:11
SHQuah In recent Bursa announcement, most of the company financial results is losing money except banking stocks. Looks at Big company like TNB also loss. So MRCB still making profit should consider very good.
01/03/2019 07:45
SamuelLuke Malton, Iwcity, mrcb, ekovest, wct.... check movement and start your wild imagination. Got extra cash can buy a bit.
04/03/2019 09:50
sarahdeaton Okok. I Buying now.
04/03/2019 10:20
SamuelLuke u must have won a lot Sarah!
04/03/2019 10:40
SamuelLuke Guess tht nothing much will happen anymore in this counter this month.
05/03/2019 09:29
wantousek go sleep lor this counter..better than going holland...
05/03/2019 09:31
SamuelLuke I like MRCB style, even in sleeping mode still wake up sometime for pee.... very healthy good good!
06/03/2019 11:03
Desmond Nah 4 weeks high... any news?
07/03/2019 10:15
SamuelLuke Unexpectedly well done mrcb....clap clap clap....!!
07/03/2019 10:50
JP01 Top up again at 0.77 few days back stick to the plan.
07/03/2019 12:49
gggSTOCK breaking 1 in 2 weeks
07/03/2019 15:27
sarahdeaton Breaking? Okok..sell all now.
07/03/2019 16:22
SamuelLuke What??! Harley Quinn broke up with Joker??! What’s she slept with Batman??!! Okok I am buying all Wayne’s property n share for revenge!!
07/03/2019 17:23
SHQuah https://www.thestar.com.my/business/business-news/2019/03/08/govts-200b-yen-samurai-bond-priced-at-yield-of-0pt53pct/

Key words:
“Proceeds from the offering will be used by the Government for its general purposes, financing development expenditures that among others include building schools, hospitals, public roads and utilities,” it said.
08/03/2019 16:14
Bursalord Home
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FROM THE EDGE
Ten stocks to look at if ECRL revival materialises
Chester Tay
/
The Edge Financial Daily

March 11, 2019 09:51 am +08

This article first appeared in The Edge Financial Daily, on March 11, 2019.

-A+A
KUALA LUMPUR: The sudden surge in the share price of Lafarge Malaysia Bhd last Thursday left investors mulling over its unexpected climb, with the potential revival of the East Coast Rail Link (ECRL) being touted as the most plausible reason.

Towards the end of his official visit to Manila last week, Prime Minister Tun Dr Mahathir Mohamad reportedly told the media that Putrajaya’s stance remains the same: that it prefers to avoid an astronomical compensation and is trying to strike a deal with China to build the rail line at a more affordable price tag.

Finance Minister Lim Guan Eng also reportedly said that he hopes the ECRL negotiation between Malaysia and China can be concluded before Dr Mahathir’s scheduled second official visit to China for the Belt and Road Summit 2019 next month.

As the events unfold, there may be investment opportunities for investors looking for exposure to the construction sector, beaten down for the greater part of last year due to political uncertainties in the wake of a new government, then made worse by the review of mega infrastructure projects.

Based on feedback from construction sector analysts, The Edge Financial Daily outlines 10 stocks that could be potential beneficiaries should the ECRL project be revived.

In no particular order, they are Gabungan AQRS Bhd, HSS Engineers Bhd, IJM Corp Bhd, Lafarge, Econpile Holdings Bhd, Malaysian Resources Corp Bhd (MRCB), Advancecon Holdings Bhd, Gadang Holdings Bhd, WCT Holdings Bhd and Fajarbaru Builder Group Bhd.

Assuming Lafarge’s and HSS Engineers’ previous contracts can be reinstated, RHB Research analyst Tay Yow Ken believes these two counters would be the clearest beneficiaries.

“Looking back to before the project was shelved, HSS Engineers and Lafarge were respectively awarded contracts worth RM82.5 million and RM270 million. Hence, we believe these companies are the clearest beneficiaries if the project is revived, assuming their previous contracts are reinstated as well,” he said in an email response.

Tay also noted that ECRL’s main contractor, China Communications Construction Co Ltd, had yet to award engineering and construction packages when the project was suspended in July last year.

“In our view, the extent local contractors are able to benefit would very much depend on the project structure after negotiations conclude, assuming the outcome is positive. That includes items such as local content requirement and what’s left on the table in terms of profit margins. Remember that the revived project will be subject to cost cuts and changes in design.

“According to our ground checks, quite a number of contractors had expressed their interest in bidding for contracts as the pie was large. That included the likes of IJM Corp, Advancecon, Gabungan AQRS and Econpile. More recently, MRCB told analysts during a recent conference call that it would be interested to participate in the project if tenders were called,” he said.

Malacca Securities Sdn Bhd analyst Kenneth Leong said Gadang Holdings, WCT Holdings and Fajarbaru Builder could also see some interest given their construction capabilities.

“These companies have rail project experience so we wouldn’t want to rule out the possibility of them tendering for packages,” he said over the phone.

However, Leong cautioned that in general, profit margins for construction contracts are small, and with a lower price tag for ECRL, the margins could be even smaller.

“We can already see some players, like Econpile, affected by the revised contract value for building the second MRT (Mass Rapid Transit) line,” he said.

Econpile posted a net loss of RM34.45 million for the second quarter of financial year 2019 (2QFY19) ended Dec 31, 2018, against a net profit of RM22.73 million a year ago. Revenue also fell by 8.6% to RM148.18 million, from RM162.17 million in 2QFY18.

The piling expert said its bottom line was hurt by loss of RM18.5 million owing to a delay and idling costs from two infrastructure projects caused by overall project rationalisation of costs and changes in design and/or scope of work by main contractors, and a RM15.4 million cost overrun in a property development project.

Meanwhile, in a note to investors last week, Hong Leong Investment Bank analyst Khairul Azizi Kairudin said news of a potential revival of the ECRL also pushed up the share price of Tasek Corp Bhd and Hume Industries Bhd, two other cement players.

“However, we reckon that the ECRL alone will be insufficient to spur demand to overcome industry overcapacity. To recap, Lafarge won a RM270 million cement supply contract for the ECRL back in March 2018. Based on the contract period of two years, this translates into RM135 million
11/03/2019 12:04
Bursalord MRCB told analysts during a recent conference call that it would be interested to participate in the project if tenders were called,” he said.
11/03/2019 14:20
Bursalord https://www.theedgemarkets.com/article/ten-stocks-look-if-ecrl-revival-materialises
11/03/2019 17:30
Bursalord According to our ground checks, quite a number of contractors had expressed their interest in bidding for contracts as the pie was large. That included the likes of IJM Corp, Advancecon, Gabungan AQRS and Econpile. More recently, MRCB told analysts during a recent conference call that it would be interested to participate in the project if tenders were called,” he said.
11/03/2019 17:31
Bursalord 大大利惠建材和承包商 东铁有望复兴施工
2019年2月23日


190223jj01报道:黄思来

(槟城23日讯)东海岸铁路线(ECRL,简称东铁)的潜在复苏不仅有利于当地建筑企业,也将对马来西亚的建材公司和众多领域产生积极效应。

根据大华继显研究行的说法,如果东铁项目恢复,本地承包商将会获益,因为政府已经重申其倾向在新协议下让更多本地建筑公司参与,而之前的结构则由中国人主导承包。

大华继显说:“虽然现在评估合同模式和价值还为时过早,但我们相信这个项目有一些主要的受益者,这要归功于政府继续支持增加本地承包商参与东铁的建设。”

该券商补充:“如果东铁项目恢复启动,钢铁和水泥公司将能够看到盈利提升。”


他说,东铁项目正在与中国进行谈判,以降低项目的成本,并将在4月份首相马哈迪访问中国时作出最终决定。

财长林冠英在第12届马来西亚房地产峰会期间告诉记者:“我们希望中国将满足我们降价的要求,让这个问题获得恢复。”

财长针对彭博周二发布的一份报告作出评论,该报告称马来西亚和中国即将达成恢复东铁项目的协议。引述外交部长拿督赛夫丁阿杜拉的报道称,中国愿意减少20亿美元(816亿令吉)的价格标签,谈判目前‘在最后一英里’。

根据最初的协议,估计这条全长688公里,耗费816亿令吉的铁路一旦建成,将把雪兰莪的巴生港连接到吉兰丹的彭加兰古柏。

在报告中,大华继显点名将家盟吉有限公司(GBGAQRS,5226,建筑组)列为东铁可能复兴的主要受益者之一。该公司指出,家盟吉此前曾在关丹沿线提供3个配套,投标价值为25亿令吉。

大华继显解释说:“我们坚信家盟吉将是与主承包商中国交通建设公司长期合作的明显受益者之一,以及与目前由家盟吉建造的州行政中心(关丹)相邻的招标铁路线。”

该券商表示,其他潜在的赢家将包括双威建设集团有限公司(SUNCON,5263,建筑组),怡保工程机构有限公司(IJM,3336,建筑组),马资源机构有限公司(MRCB,1651,产业组)和WCT控股有限公司(WCT,9679,建筑组),因为它们在建设铁路工作岗位方面有着良好的记录。

大华继显说,至于建材公司,如果该项目仍然主要涉及高架结构,安裕资源有限公司(ANNJOO,6556,工业产品组)等钢铁公司将成为主要受益者。

不然,拉法大马有限公司(LAFMSIA,3794,工业产品组)、杨忠礼洋灰有限公司和谦工业有限公司(HUMEIND,5000,工业产品组)等洋灰公司将从中受益,而鸿达资源有限公司(PRESTAR,9873,工业产品组)等其他公司可以从护栏工程中获益,因为它在当地护栏中占有50%的市场份额。

与此同时,一位经纪公司的分析师表示,东铁的复苏将有助于恢复对当地建筑行业的情绪,由于新政府于去年5月上台执政后决定推迟或取消国内大型基础设施项目,因此不少公司成为牺牲品。

他解释说:“东铁协议的进展绝对是个好消息……如果该项目恢复,本地企业将有机会扩大其订单,反过来将有助于恢复对本地建筑行业的情绪。”

事实上,自从马来西亚和中国在恢复东铁的谈判中取得进展以来,建筑业已经出现了‘轻微反弹’。

自周二以来,马来西亚交易所建筑指数(KLCON Index)上涨了8%。

在最近的报告中,马来亚银行投资银行指出,尽管下行风险有限,但当地建筑行业正在等待积极的重新评级催化剂以提振市场情绪。

该券商表示,东铁的潜在复苏可能会成为该行业重新评级所需的刺激因素。
12/03/2019 17:17
Bursalord 该券商表示,其他潜在的赢家将包括双威建设集团有限公司(SUNCON,5263,建筑组),怡保工程机构有限公司(IJM,3336,建筑组),马资源机构有限公司(MRCB,1651,产业组)和WCT控股有限公司(WCT,9679,建筑组),因为它们在建设铁路工作岗位方面有着良好的记录
12/03/2019 17:19
Bursalord Superpower China Will Not Allow ECRL To Be Scrapped : There’s Nothing Malaysia Can Do – Mahathir Said He Would Side With China Over The U.S
BythecoveragePosted on March 10, 2019
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ECRL (East Coast Rail Link) project is still being suspended, but not for long. After 10 months under the new government of Mahathir Mohamad, the RM81 billion mega-project, first approved by former Prime Minister Najib Razak on October 2016, has become the biggest headache for the 93-year-old premier, the world’s oldest leader.

The on-again, off-again ECRL has caused huge confusion in the financial market for the last 10 months. People were fed with news that the project has been cancelled, only to be deferred and then changed to re-negotiation before the cycle repeats itself again. Contradicting statements from Finance Minister Lim Guan Eng and Economic Affairs Minister Azmin Ali made the situation worse.

The biggest issue is the gigantic cost of the project. When Mr. Najib announced his pet project, it was announced that it would cost taxpayers RM55 billion for the entire 688-km line. However, when the Pakatan Harapan coalition took over the government, it discovered that the final cost of the ECRL project is actually a staggering US$20 billion (RM81.7 billion).



As it turned out, Najib’s dirty secret deal with China contractors included – “special payments” – to cover the infamous 1MDB’s (1Malaysia Development Berhad) massive debts. This was achieved by jacking up the ECRL project cost by a whopping RM30 billion of taxpayers’ money to bail out the Ponzi scheme. After the downfall of Najib regime, the debts of 1MDB was revealed to be RM50 billion.

Two months ago, some meeting minutes found and published by the Wall Street Journal exposed not only about kickbacks in the hanky-panky deal, but also astonishing discovery that the disgraced ex-PM Najib had even allowed Chinese People’s Liberation Army Navy to dock and use Malaysian ports. Clearly, it was an act of treason – selling the country’s sovereignty for cash.

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By now, it’s safe to presume that the ECRL project will continue simply because China will not allow the important infrastructure project to be scrapped under the Mahathir administration. The current negotiation is no longer about whether the project can be cancelled or postponed. It has passed that. The ongoing negotiation is about how much more discount China can offer.

Indeed, Malaysia is trapped in a debt hole so massive that if the ECRL was to proceed as initially agreed, it would cost the country RM500 million annually in interest payment alone. That’s about RM41.7 million every month or RM10.4 million every week, thanks to Najib the son of Razak. Hiding behind China, Najib had the cheek to warn Mahathir to be careful about “offending” the superpower.

Fortunately, both nations’ 45 years of diplomatic ties, not to mention influential billionaire Robert Kuok’s close relationship with Beijing, enables Mahathir administration the special privilege to re-negotiate the deal in a manner not other nations could enjoy. In January, Beijing’s Embassy in Kuala Lumpur released a song marking the lasting friendship between China and Malaysia.

Considering Mahathir had engaged anti-China election campaign last year, the Malaysian leader should consider himself lucky that Beijing has not retaliated against the country economically. Of course, Mahathir has to thank the Malaysian richest man, Robert Kuok, appointed as key adviser in bridging Beijing and Kuala Lumpur to prevent diplomatic disaster.

Still, a business deal is a business deal. Last month, China offered a staggering 50% discount for the ECRL project. The unbelievable steep discount shows that not only crooked Najib had conspired with the CCCC (China Communications Construction Company) to rip-off the people of Malaysia, but also the importance of the project to the Chinese’s OBOR (One Belt, One Road) initiative.

However, based on Mahathir’s latest interview with the South China Morning Post, it appears even when the cost of the US$20 billion (RM81.9 billion) billion is halved, Malaysia is just too broke for the mega project. The premier wants more discounts. Last August, his government claimed it had received offers to undertake the East Coast Rail Link project for as low as RM10 billion.

MUST READ Najib Mobbed By Thousands of Malaysians Fans At Semenyih Tesco : Thousands Jostling To Take Selfies With Malu Apa Bossku - The Rise of Najib Popularity
But even if China is willing to go as low as RM10 billion, which would be a cheap version without bells and whistles, the project will still be a white elephant. In his interview, Mahathir argued that despite the existing railway servicing the west coast (where the business and people are concentrated) for mo
12/03/2019 22:44
Bursalord Gadang already UP
13/03/2019 09:36
SamuelLuke Nabeh I stepped on a dog shit today fuckao smelly today my foot......nabeh ....
13/03/2019 15:14
tuapuikia LOL.. hope tomorrow will be up a little bit
13/03/2019 17:31
Bursalord http://www.takungpao.com/news/232108/2019/0221/250315.html
13/03/2019 20:55
Bursalord 数字报
新闻 评论 影像 财经 艺文 生活 专题
首页 > 新闻 > 中国 > 正文
中马东铁项目谈判获进展 千亿高铁将重启
2019-02-21 03:19:01大公报 作者:张宝峰、凯雷

图:二○一七年八月,中国交建承建的马来西亚东海岸铁路在马来西亚关丹举行开工仪式/资料图片

据外媒报道,马来西亚外交部长赛夫丁.阿卜杜拉日前表示,马来西亚正在与中国就重启东海岸铁路项目的谈判取得了进展,该谈判由马总理马哈蒂尔的顾问达因领头。赛夫丁在接受外媒采访时还表示,中国愿意降低200亿美元(约1570亿港元)的东海岸铁路项目价格,且双方的磋商已处在“最后一英里”。

据彭博社报道,赛夫丁19日表示:东铁项目的谈判由马来西亚总理马哈蒂尔的顾问达因领头,目的是重新达成一个规模较小、成本较低的项目。赛夫丁还说,“除非我们没有谈拢,否则就不会取消这个项目。中国理解我们的处境,也愿意削减该项目原本总额200亿美元的造价。相关谈判应该已经进入尾声了。”

东海岸铁路一波三折

近年来,大马东海岸高铁项目可谓一波三折。2016年,时任马来西亚总理纳吉布发表财政预算案时宣布东海岸铁路造价为550亿林吉特(约合人民币894亿元)。2017年8月,中国投资合作、全长逾600公里的马来西亚半岛东海岸铁路举行动土仪式。马来西亚总理纳吉布保证,该计划会在2024年完工,届时可带动彭亨、登嘉楼及吉兰丹这三个东海岸州属的经济发展,也有助减缓马六甲海峡的繁忙情况。2018年,马哈蒂尔再次执政,搁置超过200亿美元的中国承建的基建项目,其中包括由吉隆坡至新加坡的高铁以及大马东海岸铁路的建设。

对於在东海岸铁路项目上“爽约”的理由,马哈蒂尔曾表示,“东海岸铁路项目不是我们能负担得起的。它达不到任何目的,也会不给我们任何回报。通过取消这些庞大的项目,我们可以一口气减少2000亿林吉特(约合人民币3212亿元)。”

双方上月恢复谈判

马哈蒂尔重新掌权以来,外媒认为他一直在试探马来西亚与中国的关系。但近期迹象显示,马来西亚希望缓和与中国的紧张关系。马哈蒂尔上月表示,政府是因成本问题暂停了该铁路项目。在那之后,双方恢复了关於该项目的谈判。

马来西亚前总理纳吉布在2016年发表财政预算案时宣布东海岸铁路造价为550亿令吉(约合人民币894亿元)。不过马来西亚元老理事会主席郭达因此前曾表示,东铁实际成本远高於此。550亿令吉只是第一阶段的成本,若加上第二阶段工程,实际成本将超过660亿令吉。

针对中马在东海岸铁路项目上的波折,外交部发言人耿爽此前曾表示,“中国和马来西亚是友好邻邦。中方高度重视同马来西亚的友好关系。当前,中马全面战略夥伴关系发展势头良好,互利合作成果丰硕,给两国和两国人民带来了实实在在的好处和利益,这值得双方共同珍惜和维护。”

中企重大项目进展


东岸高铁项目波折


规模适度缩小 双方均可接受



图:马来西亚民众在吉隆坡参观中国高速铁路展/资料图片

中国社科院亚太与全球战略研究院研究员许利平对大公报说,马来西亚东海岸铁路项目从取消到延期,从重新评估到取得进展,一波三折,背后的原因复杂。

“因为这个项目是中国与马来西亚纳吉布政府签署的,所以马哈蒂尔执政后,便对这个项目展开评估,这属於政治因素的影响。”许利平分析说,这种状况也与马来西亚国家的财政状况有关系,他们认为这个项目占用了大量的财政资金,使马来西亚赤字增加。

对於眼下项目进展重现曙光,许利平认为,这说明中马都期望达到一个双方均可接受的解决方案,毕竟如果彻底停止这个项目,也将造成马来西亚政府难以承担的赔偿金额。许利平预计,这个项目最终的解决方案很可能倾向於适度缩小东海岸铁路的建设规模。
13/03/2019 20:57
Bursalord 数字报
新闻 评论 影像 财经 艺文 生活 专题
首页 > 新闻 > 中国 > 正文
中马东铁项目谈判获进展 千亿高铁将重启
2019-02-21 03:19:01大公报 作者:张宝峰、凯雷

图:二○一七年八月,中国交建承建的马来西亚东海岸铁路在马来西亚关丹举行开工仪式/资料图片

据外媒报道,马来西亚外交部长赛夫丁.阿卜杜拉日前表示,马来西亚正在与中国就重启东海岸铁路项目的谈判取得了进展,该谈判由马总理马哈蒂尔的顾问达因领头。赛夫丁在接受外媒采访时还表示,中国愿意降低200亿美元(约1570亿港元)的东海岸铁路项目价格,且双方的磋商已处在“最后一英里”。

据彭博社报道,赛夫丁19日表示:东铁项目的谈判由马来西亚总理马哈蒂尔的顾问达因领头,目的是重新达成一个规模较小、成本较低的项目。赛夫丁还说,“除非我们没有谈拢,否则就不会取消这个项目。中国理解我们的处境,也愿意削减该项目原本总额200亿美元的造价。相关谈判应该已经进入尾声了。”

东海岸铁路一波三折

近年来,大马东海岸高铁项目可谓一波三折。2016年,时任马来西亚总理纳吉布发表财政预算案时宣布东海岸铁路造价为550亿林吉特(约合人民币894亿元)。2017年8月,中国投资合作、全长逾600公里的马来西亚半岛东海岸铁路举行动土仪式。马来西亚总理纳吉布保证,该计划会在2024年完工,届时可带动彭亨、登嘉楼及吉兰丹这三个东海岸州属的经济发展,也有助减缓马六甲海峡的繁忙情况。2018年,马哈蒂尔再次执政,搁置超过200亿美元的中国承建的基建项目,其中包括由吉隆坡至新加坡的高铁以及大马东海岸铁路的建设。

对於在东海岸铁路项目上“爽约”的理由,马哈蒂尔曾表示,“东海岸铁路项目不是我们能负担得起的。它达不到任何目的,也会不给我们任何回报。通过取消这些庞大的项目,我们可以一口气减少2000亿林吉特(约合人民币3212亿元)。”

双方上月恢复谈判

马哈蒂尔重新掌权以来,外媒认为他一直在试探马来西亚与中国的关系。但近期迹象显示,马来西亚希望缓和与中国的紧张关系。马哈蒂尔上月表示,政府是因成本问题暂停了该铁路项目。在那之后,双方恢复了关於该项目的谈判。

马来西亚前总理纳吉布在2016年发表财政预算案时宣布东海岸铁路造价为550亿令吉(约合人民币894亿元)。不过马来西亚元老理事会主席郭达因此前曾表示,东铁实际成本远高於此。550亿令吉只是第一阶段的成本,若加上第二阶段工程,实际成本将超过660亿令吉。

针对中马在东海岸铁路项目上的波折,外交部发言人耿爽此前曾表示,“中国和马来西亚是友好邻邦。中方高度重视同马来西亚的友好关系。当前,中马全面战略夥伴关系发展势头良好,互利合作成果丰硕,给两国和两国人民带来了实实在在的好处和利益,这值得双方共同珍惜和维护。”

中企重大项目进展


东岸高铁项目波折


规模适度缩小 双方均可接受



图:马来西亚民众在吉隆坡参观中国高速铁路展/资料图片

中国社科院亚太与全球战略研究院研究员许利平对大公报说,马来西亚东海岸铁路项目从取消到延期,从重新评估到取得进展,一波三折,背后的原因复杂。

“因为这个项目是中国与马来西亚纳吉布政府签署的,所以马哈蒂尔执政后,便对这个项目展开评估,这属於政治因素的影响。”许利平分析说,这种状况也与马来西亚国家的财政状况有关系,他们认为这个项目占用了大量的财政资金,使马来西亚赤字增加。

对於眼下项目进展重现曙光,许利平认为,这说明中马都期望达到一个双方均可接受的解决方案,毕竟如果彻底停止这个项目,也将造成马来西亚政府难以承担的赔偿金额。许利平预计,这个项目最终的解决方案很可能倾向於适度缩小东海岸铁路的建设规模。
13/03/2019 21:07
TA_trader kan aku cakap dah....up few sen dont make so much noise. When reach 90 sen or 1.00 only talk.
14/03/2019 09:39
sarahdeaton Okok..i sell all now.
14/03/2019 13:15
Hunkyman Tomorrow dive in
14/03/2019 22:01
Hunkyman Dun say i din say
14/03/2019 22:02
SHQuah https://www.thestar.com.my/news/nation/2019/03/15/mrcb-pleased-with-pacs-feedback/
15/03/2019 08:40
mkmike Showing ascending triangle attribute. RSI at 50%. 20MA above 40. +DI curving up. For the past two rebounds, Bolinger mid line seems to be its support. Show time soon.
15/03/2019 11:52
Bursalord -A+A
KUALA LUMPUR (March 18): While sentiment on the construction sector is seen to have somewhat recovered, construction stocks are seen to be running ahead of its fundamentals, according to MIDF Amanah Investment Bank Bhd Research.

In a report today, MIDF Research's Muhammad Danial Abd Razak highlighted that further extension to the gains must be underpinned by commensurable growth in forward earnings, as sectorial price momentum has thus far outperformed the broader market.

"As of writing, we think the sector is still lacking solid catalysts which extend beyond the current visibility," said Muhammad Danial, downgrading the sector to "neutral" from "positive".

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Going ahead, further gains must be driven by strength in earnings and prospects, said Danial, which he believes the sector players will remain beneficiaries of from existing projects, namely light rail transit line 3 (LRT3) and mass rapid transit line 2 (MRT2), and given its size of more than RM40 billion combined that is expected to support earnings in the immediate to medium term.

"We believe public projects comprising railways will continue to hold a significant share in the local industry, as potential roll-out of similar scale remains a possibility," said Muhammad Danial.

Nonetheless, Muhammad Danial suggested that near-term challenges will gravitate towards execution as he explained that the conversion from project delivery partner (PDP) to turnkey structure means contractors will need to bear the execution risk.

"Managing it well will likely translate to better margin, derived from the work progress completed," he said, adding that the extension period given for LRT3 should provide headroom for contractors to better allocate and spread out their resources.

He noted that upside risk to the sector could potentially be the revival of East Coast Rail Link (ECRL) project, should a meaningful portion be shared with local contractors.

Recall that previously local contractors could be allotted at least 30% of the civil works, as sub-contractors, worth about RM16.5 billion, he said.

Additionally, Muhammad Danial opined that the recent announcement on the takeover of Gamuda Bhd's toll highways is an added overhang factor, given that the company is a Bursa Malaysia Construction Index heavyweight.

For potential exposures, he suggested investors to take a closer look on companies with niche expertise and healthy balance sheet, namely Gabungan AQRS Bhd (BUY, target price (TP): RM1.87) and Muhibbah Engineering (M) Bhd (BUY, TP: RM3.15).

Notably, Muhammad Danial said seven out of eleven construction companies under the research house's coverage ended the year within and above the yearly estimates, with Muhibbah and KKB Engineering Bhd both posting results beyond expectations.

However, he downgraded Sunway Construction Group Bhd (+30.8% gain since January) and Gamuda (+29% gain since January) to neutral, from buy, as the previously beaten-down counters have recently risen close to their fair values.

Meanwhile, Muhammad Danial noted that the immediate prospect looks brighter in Sarawak as the state government has recently announced a record budget of RM9.1 billion for development.

Accordingly, the amount will be used to fund a few major infra projects including the Coastal Road, Second Trunk Road and the Water Grid Project.

"Following our optimistic view on Sarawak, we would recommend investors to consider Cahya Mata Sarawak Bhd (BUY, TP: RM4.13) and KKB Engineering (BUY, TP: RM1.33), which we opine to be the front-runner for the pending roll-out of the infrastructure projects aforementioned," said Muhammad Danial.

Construction stocks

Company Share price (RM)* YTD change (%) YTD change (RM) Market Cap (RM, MIL)
IJM Corp Bhd 1.99 23.46 0.42 7,252.60
Gamuda Bhd 2.92 24.79 0.67 7,207.06
Cahya Mata Sarawak Bhd 3.39 25.65 0.65 3,625.18
Malaysian Resources Corp Bhd 0.815 32.52 0.21 3,585.88
Sunway Construction Group Bhd 1.86 38.35 0.54 2,377.73
Lafarge Malaysia Bhd 2.19 22.65 0.38 1,886.32
Ekovest Bhd 0.565 25.84 0.13 1,197.98
WCT Holdings Bhd 0.83 22.22 0.15 1,139.00
George Kent (M) Bhd 1.17 40.12 0.37 630.18
Gabungan AQRS Bhd
18/03/2019 15:37
witchjaz MRCB is introducing the country's first volumetric building system by year end, which is a combination of prefabricated prefinished volumetric constructions and a jointing system known as the candle-loc, is a step up from the currrent IBS used by the industry for precast buildings;


https://www.theedgemarkets.com/article/mrcb-stepping-game-modular-building-system
19/03/2019 15:57
Bursalord https://www.malaymail.com/news/money/2019/03/19/mrcb-stepping-up-the-game-in-construction-industry-with-mbs/1734095?utm_source=FBdlvr&utm_medium=facebook
19/03/2019 16:26
mkmike Technical rebound anytime I supposed.
19/03/2019 20:30


 

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