Highlights
KLSE: GKENT (3204)       GEORGE KENT MALAYSIA BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.905   0.00 (0.00%)  0.90 - 0.91  304,600
Analyze this stock with MQ Trader system

Recent Prices

Date Open Range Close Change Volume
20/02/2020 0.905 0.90 - 0.91 0.905 +0.005 (0.56%) 373,600
19/02/2020 0.905 0.89 - 0.91 0.90 -0.005 (0.55%) 933,800
18/02/2020 0.925 0.895 - 0.925 0.905 -0.02 (2.16%) 1,088,600
17/02/2020 0.945 0.92 - 0.95 0.925 -0.01 (1.07%) 1,263,200
14/02/2020 0.95 0.93 - 0.955 0.935 +0.005 (0.54%) 3,318,700
13/02/2020 0.87 0.87 - 0.95 0.93 +0.07 (8.14%) 6,867,500
12/02/2020 0.855 0.855 - 0.88 0.86 +0.005 (0.58%) 718,500
11/02/2020 0.85 0.85 - 0.86 0.855 +0.01 (1.18%) 384,500
10/02/2020 0.845 0.84 - 0.855 0.845 -0.01 (1.17%) 714,900
07/02/2020 0.85 0.84 - 0.855 0.855 0.00 (0.00%) 610,200
06/02/2020 0.835 0.835 - 0.855 0.855 +0.02 (2.40%) 778,500
05/02/2020 0.835 0.83 - 0.84 0.835 +0.005 (0.60%) 515,800
04/02/2020 0.84 0.83 - 0.85 0.83 -0.005 (0.60%) 552,100
03/02/2020 0.86 0.82 - 0.86 0.835 -0.035 (4.02%) 564,100
31/01/2020 0.87 0.805 - 0.88 0.87 0.00 (0.00%) 2,876,100
30/01/2020 0.835 0.835 - 0.89 0.87 +0.03 (3.57%) 1,319,500
29/01/2020 0.84 0.825 - 0.84 0.84 0.00 (0.00%) 955,800
28/01/2020 0.85 0.83 - 0.85 0.84 -0.02 (2.33%) 1,532,200
24/01/2020 0.855 0.85 - 0.86 0.86 0.00 (0.00%) 775,000
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  16 people like this.
 
RainT @shquah

before this under BN is GKENT take up this project

so after PH come in then review the contract & cut costs & method

as contract already signed before then how GKENT can easy cancel it even if it found that will make less profit or loss

if cancel, then GKENT will need pay even more compensation

so GKENT would rather continue to do at lesser profit or some loss rather than pay high compensation
13/02/2020 12:17 PM
Choivo Capital If you think its worth more, you should be hoping the price drops to be honest.

I personally prefer if it drops a bit more. Only bought a very small position due to its cheapness while i study more.


===
Posted by RainT > Feb 13, 2020 12:13 PM | Report Abuse

really up now?

end of 1 day show?
13/02/2020 1:02 PM
RainT seem now is the right time to collect another group for current reversal of trend
13/02/2020 1:03 PM
Philip (Can I advise you?) The review contract is done by prasarana. The cut costs is done by mutual agreement of pH government and pdp gkent redesign method. If pH government cut too much until no profit, gkent has the right to sue government for wrongful termination. The proposal to cut costs was provided by gkent. In fact, I think the profit is more, not less, because the track was reduced by half from 2 to 1 while keeping the same design, and reduction of the underground stations and number of cars. However the per item costs were not reduced at all, so the profit margin is still intact.

It is very simple.

Just compare the new 11 billion construction fee and the revised design ( just hop to prasarana to get the info, very easy).

You can easily estimate the price from there and see if you can make profit it not.

>>>>>>>

PH come in then review the contract & cut costs & method
13/02/2020 3:18 PM
amzarb44 Philips, is it true the revenue lrt3 will not recognised in earnings financial sheet but instead will be recognised as jv profits?
13/02/2020 3:27 PM
Philip (Can I advise you?) As for stockraider claims of losing money,

Lrt3 use 37km(23 miles). The total project costs around 16.6 billion rm, of which 5 billion is land acquisition fee. So we are looking at roughly (2.7 billion USD) 110 million per mile, for the revised 25 elevated station ( no more underground station, which is very expensive), 22 3-car trainsets ( instead of 42 6-car trainsets),

http://www.railsystem.net/light-rail-transit/

https://en.wikipedia.org/wiki/Light_rail#Construction_and_operation_costs

So gkent maincon prices to complete the project is very good margin, assuming no further"under take" to be given to pH government, which I totally don't believe.


I paraphrase,

"A survey of North American light rail projects shows that costs of most LRT systems range from 15 million per mile to 100 million per mile".
13/02/2020 3:44 PM
stockraider THIS Philip dog start to bark abit louder when gkent is up slightly abit loh..!!

What happen to his Pchem thread, why not barking loudly there leh ??
Bcos not up loh...!!

U see the personality of Philip...always bark loudly when his share is up loh.....!!

Then keep very quietly like a pussy when his share is down loh ??

Posted by Philip (Can I advise you?) > Feb 13, 2020 3:44 PM | Report Abuse

As for stockraider claims of losing money,

Lrt3 use 37km(23 miles). The total project costs around 16.6 billion rm, of which 5 billion is land acquisition fee. So we are looking at roughly (2.7 billion USD) 110 million per mile, for the revised 25 elevated station ( no more underground station, which is very expensive), 22 3-car trainsets ( instead of 42 6-car trainsets),

http://www.railsystem.net/light-rail-transit/

https://en.wikipedia.org/wiki/Light_rail#Construction_and_operation_co...

So gkent maincon prices to complete the project is very good margin, assuming no further"under take" to be given to pH government, which I totally don't believe.


I paraphrase,

"A survey of North American light rail projects shows that costs of most LRT systems range from 15 million per mile to 100 million per mile".
13/02/2020 3:50 PM
SHQuah I expect 2020 revenue and Profit is a lot more than 2019.
So this is the time to buy.
13/02/2020 3:52 PM
amzarb44 Philips can help me?
13/02/2020 4:12 PM
SHQuah Today Gkent and MRCB going up together. Could be something to be with LRT3 or new rail projects.
13/02/2020 4:23 PM
untong ouch.. only bought 25% of my intended position... suddenly rise so fast
13/02/2020 4:54 PM
13/02/2020 4:55 PM
RainT recognise as JV profit or normal profit also still in the company profit la

still in the EPS

u see EWINT, the JV sales in also in the income statement , just the way presentation is different only
13/02/2020 6:31 PM
RainT JV profit is GKENT profit also
13/02/2020 6:32 PM
Philip (Can I advise you?) No need to bark loudly or not. This is my tracked portfolio ( including margins, where you can see how much margin I am using to buy gkent and Pchem this year, around 10m total for my portfolio size)

https://klse.i3investor.com/servlets/pfs/120720.jsp

Fyi you can see the exact dates I bought 6 million with of Pchem at rm6.30 on margin to show my conviction.

I have never commented once in topglove ( also one of my biggest shareholdings), and yinson ( up 60% soccer last year, I bought it when yinson was a 1 billion cap company, now 7.3 billion cap).

I only have these 5 stocks, as well as stoneco ( Berkshire backed IPO, which Warren never does) which I bought 200k shares on 4th January 2019 (
https://klse.i3investor.com/blogs/philip2/2019-01-22-story-h1456976645-StoneCo_IPO_How_I_use_business_sense_to_understand_why_Berkshire_finall.jsp) I also never commented here.

I was also the first to write my pump and dump article on PPHB
https://klse.i3investor.com/blogs/philip5/2019-01-28-story191626-My_First_Pump_and_Dump_Article_How_to_pump_with_a_CONCIENCE.jsp in January 2019

https://klse.i3investor.com/blogs/philip5/2019-01-30-story-h1456984491-CUN_CUN_CALL_BY_PHILIPTANGRAIDING_RESEARCH_GROUP_UNLIMITED_POWER_UP_TRA.jsp
In January 30, 2019

Which makes fun of general raider and his capslock rude way of writing. Guess what price PPHB is today? Do you see the difference between how I write my articles and how your sifu calvintan writes his? The is a huge difference between someone who writes 6 stock articles and have 70%
Profitable and someone who writes on 43 stocks and majority drop. My pump and dump article at least won't let you done when the project is completed.



Let's compare last year with your results. You bark very loud on insas ( still remember our 2 year bet? 13 billion QL catching up to your insas already. Once beat your insas and CharlesT mnrb you need to give me your full name and phone number so can treat me back kut teh remember?) Say mgo, bet on warrants what's your results?

How about your bjland? No results.
Your hengyuan rm45? No results.
Your sapura rm3 ever day up 0.5%? No results.

Just because someone doesn't say anything, doesn't mean he has needs to.
Action speaks louder than words.

I have concentrated holdings, while your bark so loud on making big profits, but still only send your kids to INTI and drive a myvi ( your words not mine).

Malu ape bosku?

>>>>>>>>>>>

stockraider THIS Philip dog start to bark abit louder when gkent is up slightly abit loh..!!

What happen to his Pchem thread, why not barking loudly there leh ??
Bcos not up loh...!!
14/02/2020 7:37 AM
SHQuah Philip......Effective today, please let me know which stock you are buying and selling.
I will try to follow your future investment portfolio but let me know once you are selling.
14/02/2020 7:59 AM
Philip (Can I advise you?) I don't like to give simple answers for simple questions but challenge you to read it for yourself. I will take a popular example, jaks resources. Please rea)d their quarterly report, on the first page you will see how earnings for joint venture is tracked, in this case Jaks Pacific power limited (51% owned, and their soon to be jaks solar power sdn bhd (100% owned). Maybe that will give you some understanding.

My advice? Before you buy a single cent of gkent stock, do what I did. Spend the rm15, go to ssm website, buy the financial report for mrcb gkent sdn bhd. And read up on it before you make up your decision. Then go to gkent factory, take a look around, find the investor department ( they will sure entertain you because the share price drop so low they want to make sure you will be happy to invest in gkent. Then you go upstairs to engineering department, look for their engineering team. Tell them you are worried as a gkent investor that lrt3 will not finish on time and on budget. They will be more than happy to ease your worries. Best group of engineers I ever worked with.

It always surprises me when investors are willing to gamble thousands of dollars on buying insas, ewint warrants and stocks but never spend the cost to do due diligence on a stock first.
>>>>>>


amzarb44 Philips, is it true the revenue lrt3 will not recognised in earnings financial sheet but instead will be recognised as jv profits?
13/02/2020 3:27 PM
14/02/2020 8:08 AM
James Ng https://klse.i3investor.com/blogs/general/2020-02-14-story-h1483796204.jsp
[转贴] [GEORGE KENT MALAYSIA BHD:于2019年6月28日与Honeywell签署了长期许可协议,以制造高精度水表测量部件,并将这些水表独家销售给26个地区,包括亚洲地区的15个新地区] - James的股票投资James Share Investing
14/02/2020 8:14 AM
RainT this Philip already brag and promote of his portfolio in other forum before

think is PCHEM, haha
14/02/2020 9:15 AM
Philip (Can I advise you?) Unlike many others ( like stockraider) I don't simply say but maintain a properly tracked portfolio that shows all my buy and sell when it happens. You can keep track, but please don't follow because my investment targets and yours are very very different. For one thing, I am fully retired and have nothing to prove in terms of earnings. My kids are all graduated and working, and my house is fully paid for. I can handle volatility far easier than many others and can dip into far larger margins during periods of crisis. I think it is far better for you to find stocks within your circle of competence and buy them based in the valuation criteria I have put, instead of the standard repetition of so called stock gurus.


https://klse.i3investor.com/servlets/pfs/120720.jsp
>>>>>>>>>

SHQuah Philip......Effective today, please let me know which stock you are buying and selling.
I will try to follow your future investment portfolio but let me know once you are selling.
14/02/2020 7:59 AM
14/02/2020 12:34 PM
SHQuah https://klse.i3investor.com/blogs/vitaeventure/2020-02-14-story-h1483818399.jsp

终于看到太阳了
14/02/2020 1:39 PM
Vincent Tan why keep on arguing , i just bought back at 0.87 . good company will shows its value in future once operator collect enough chips . whoever think gkent no hope anymore just sell ur shares to us , stop barking like gkent own u anything .
15/02/2020 12:25 PM
GooShem erkongseng flushed out lol
15/02/2020 12:29 PM
Newbieinshare finally stop buying own shares.... lols
15/02/2020 2:10 PM
Begineer no point arguing here. Ultimately we want to make money not quarrel. Save the energy to do research better
15/02/2020 10:32 PM
calvintaneng Gkent

Gk?

Going kaput as IMDb boss not around anymore
17/02/2020 4:33 PM
kiasu_trader This counter gonna shoot up today after few days washed. TP RM1
18/02/2020 8:54 AM
calvintaneng No IMDb boss no power lah

Last time can only do water meter

No skill for high infrar jobs but got so many by connections only

All jobs I'll gotten are sub to others for quick and easy money

All Alibaba ones lah

A conduit for rent seeking

Now no more

IMDb boss game over

So gkent also game over

Gk = going kaput like London biscuit
18/02/2020 11:53 AM
Philip (Can I advise you?) Gkent has AWARD letter and just submitted 40% progress claim for lrt3 for 11 billion, not to mention mrt2 claim for 1 billion to order track cars, as well as final claim for hospitalsa to hand over this year. Got revenue, got earnings, got 200 million cash. As well as 25 million of share buybacks this past year.

Which is more than I can say for Calvin NETX. No award letter. 33k revenue. Never made money. Esos given for losing money at market price. Private placement. Billions of shares outstanding. The only reason why NETX can't go lower is because it is already a super penny stock fuelled by speculation. Once the speculation dies down, NETX will kaput.

No IMDB boss no worries, LGE award new contract to gkent for LRT3. Last time 8 billion project. Then increase capacity to 32 billion. Now revamped back to original design but give extra 2 billion. Share a bit with LGE party everyone happy happy.

Any news for NETX award letter yet?

>>>>>>>>>

calvintaneng Gkent

Gk?

Going kaput as IMDb boss not around anymore
17/02/2020 4:33 PM
18/02/2020 12:14 PM
bsngpg Very well said.
18/02/2020 1:41 PM
bsngpg Singapore Kiasu keenly pretend “Kiang” here and there.
18/02/2020 1:44 PM
RainT when price can touch RM2?
18/02/2020 2:25 PM
Philip (Can I advise you?) I believe there will be a price pop in 2022 when mrt2 handover and full collection. There is also a big pop in 2023 when Honeywell manufacturing full transfer to GKENT. And 2024 lrt3 full handover will have a bug dividend.

In the short term, your guess is as good as mine.

But in the long term, a well managed company with cash and history of profitability will not let you down.

>>>>>>>>>>

RainT when price can touch RM2?
18/02/2020 2:25 PM
18/02/2020 5:13 PM
qqq33333333 y Philip (Can I advise you?) > Feb 18, 2020 5:13 PM | Report Abuse

I believe there will be a price pop in 2022
============


want to play 2 years money? then scib abd Kpower
18/02/2020 5:18 PM
SHQuah Working people like me do not have time to monitor daily share price and no time to play contra. So Gkent should be a good counter to invest and keep for long term. Every few months getting dividend. I hope before 2022 could break RM2.
18/02/2020 5:54 PM
Philip (Can I advise you?) I never buy local companies that has their main exposure in other countries, as I cannot monitor or scuttlebutt as well.

For example,

Latitude tree
Xinquan
China stationary
Maxwell international
Kstar sports

There is just too many variables. At least here I can monitor, visit gkent office. See their projects. Understand the progress.

For kpower, there is too many unknowable items, to play 2 year.

I prefer gkent with its guaranteed orderbook.

>>>>>>>>>>

want to play 2 years money? then scib abd Kpower
18/02/2020 5:18 PM
18/02/2020 6:32 PM
qqq33333333 I will let u know in 2 years..............
18/02/2020 7:33 PM
qqq33333333 my latest theory on share market. Share market is about attitude.......10 people look at SCIB and Kpower, 10 different attitudes..........me? I am standing on huge unrealised profits...............
18/02/2020 8:08 PM
Philip (Can I advise you?) Ok good for you! Hope everything goes well. For me I'm not looking for huge profits with huge volatility. I prefer growing consistently year by year with a company that has a high margin of safety, margin of safety in this case meaning chance of long term earnings hit is low.
19/02/2020 9:23 AM
qqq33333333 hahaha...what did I tell u stock market is all about attitude..............
19/02/2020 9:47 AM
qqq33333333 jaks become I3 hottest stock...also all about attitude.....last 6 months Jaks won......
19/02/2020 9:54 AM
qqq33333333 gkent lost
19/02/2020 9:54 AM
Begineer Once it drop further, time to accumulate.
19/02/2020 9:57 AM
SHQuah Cannot drop further. Support by share buy back at 90 cents
19/02/2020 5:48 PM
RainT seem like strong support already
19/02/2020 6:52 PM
RainT by 2022 break RM2?

I Hope too, but maybe in tonigh dream
19/02/2020 6:54 PM
jackfruit What by 2022 it will break 2.00. No need lah...once the billings start coming in it fly lah..by end of 2020 it will break 2.00 level lah...
19/02/2020 7:21 PM
ming Finally saw suncon qr got mention contribution from lrt3.. hopefully this round
20/02/2020 9:55 PM
Begineer which subcon?
21/02/2020 11:17 AM
ming Sunway construction
21/02/2020 12:53 PM


 

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