Should all the way down to 1.3 , I believe many will get heart attack here

MMC Corp Bhd-Gamuda joint venture (JV) would secure the underground package given its: i) familiarity with the ground condition after undertaking the underground works for MRT Line 1; ii) strong execution track record with MRT line 1; iii) cost advantage as the tunnel boring machine used in MRT Line 1 could be reused for MRT Line 2; and iv) advantage under the Swiss Challenge tender method, which allows the JV to match or better the best bid submitted by competitors.

The total cost of MRT Line 2 is estimated at between RM28 billion and RM30 billion.

Unusual selling for today, all the way UP accodingly as ringgit strengthen but different way for today

Gamuda to gain from MRT2 tunnelling works

28 Mar 2016, Monday

KUCHING: Gamuda Bhd (Gamuda) will likely benefit from the upcoming contracts award for the tunnelling portion of Mass Rapid Transit Line 2 (MRT2).

Analysts were positive on the chances of the construction company securing some of the work packages for the infrastructure project which could see contracts award soon.

Following a company’s briefing, analysts gathered that contracts award for MRT2 work packages especially tunnelling works could be just around the corner.

The research arm of Hong Leong Investment Bank Bhd (HLIB Research) in a report, noted the tunnelling contract for MRT2 could be awarded within the next two weeks.

It observed the underground portion for MRT2 will span across 13.5 km, 42 per cent longer than MRT1.

As a result, it noted the contract sum for MRT2 will be higher at an estimated RM12 billion as compared to MRT1 of RM8 billion.

The research firm gathered that the MMC-Gamuda joint venture (JV) along with three foreign consortiums are contending for the job.

It opined that the MMC-Gamuda JV is in a polar positon to bag the tunnelling works given several factors.

Those include cost advantage from the reuse of tunnel boring machines from MRT1 and 7.5 per cent pricing advantage accorded under the Swiss Challenge, a process in public procurement.

Similarly, analysts from TA Securities Holdings Bhd (TA Research) said the awards for the MRT line 2 underground package and two elevated packages are imminent.

The research house strongly believed the MMC-Gamuda JV would secure the underground package given its familiarity with the ground condition after undertaking the underground works for line 1 and strong execution track record.

Concurring with HLIB Research and TA Research, the research division of Public Investment Bank Bhd (PublicInvest Research) in another report said Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) will unveil the winners for at least three packages for MRT2 soon including underground package.

The research firm observed among the key jobs eyed by Gamuda are the MRT 2 tunnel works worth approximately RM6.5 billion and tendering as sub-contractor for other projects such as the Pan Borneo Highway and Light Rapid Transit Line 3 (LRT3). Meanwhile, the research arm of Maybank Investment Bank Bhd (Maybank IB Research) in another report said said tenders for several civil work packages including the underground tunnelling and elevated viaducts were on-going.

It noted Gamuda is anticipating the major civil job awards for MRT2 will start within one month.

The research firm noted the entire civil works would be awarded over the next 12-15 months. It added the elevated viaducts will comprise 10 packages; four northern packages and six southern packages.

Maybank IB Research observed that similar to MRT 1, the northern packages for MRT2 would be more challenging than the southern packages as the construction will be done in more densely populated areas and requires better traffic management.

Therefore, it believed the northern packages would be awarded first and it was opened to just MRT1 main contractors.

In the meantime, Gamuda which released its second quarter financial year 2016 (2QFY16) financial performance ended January 2016 recently said net profit decreased by 12 per cent year-on-year (y-o-y) to RM160.11 million from RM182.18 million recorded for 2QFY15 ended Jan 2015.

The company added 2QFY16 revenue also declined by 19.3 per cent y-o-y to RM527.43 million from RM653.24 million for 2QFY15.

The Legacy of AA

NO DOUBT TOMORROW WILL TOUCH RM2.0 AS RINGGIT OPEN HIGHER AGAINST USD

Dividend ardy declared 0.02, NOT BAD

That is for long term maybe 2 or 3 years NOT NOW

Short term TP 2.30, end of year 3.0

Wait for announcement of Contract Award

EPF sabotage

Dividend track record average TWO time per year. Good for both long and short term

This counter still NOT YET achieve its FAIR VALUE AT RM2.50. I believe if EPF not Kee on disposing will be already at RM2.30. Let's move and say goodbye to EPF

Sugarbun and pezzo legacy of Sarawak with bright future

My wife like pezzo pretty much. A piece of pezzo before movie

I agreed with calvin

Financial report is NEGATIVE. Look for CSCSTEEL better with great dividend 8%

Steel is a 'MUST' construction material. GOOD for this year as many mega project will be kick off this year. DONT MISS this opportunity. ONCE IN LIFETIME to enter at this price below RM2 is TOO CHEAP. TP 3.0

目标价：3.05令吉

最新进展：

马矿业（MMCCORP，2194，主板贸服股）持股37.6%的马拉卡（MALAKOF，5264，主板贸服股）宣布，旗下丹绒宾能源（TBE）1000兆瓦煤炭发电厂（T4）获得商业营运日期（COD），正式投入运作。

同时丹绒宾能源将马拉卡现有的5346兆瓦产能，推高19%至6346兆瓦。

行家建议：

丹绒宾能源比市场预期提早取得商业营运日期，对马矿业而言，无疑是正面消息。

同时丹绒宾能源投入运作的时段，适逢政府宣布大马半岛上周的用电消耗量创下单日1万7175兆瓦的历来新高。

我们相信在接下来数个月推出捷运第二路线的隧道工程，马矿业将会是受惠者之一。再者，该公司拟将港口业务上市的计划，可为该股额外注入良好的因素。

我们重申“买入”投资评级和维持3.05令吉的目标价不变，主要因为旗下港口业务计划上市的利好消息、能源臂膀在产能增加后捎来稳定的盈利，以及建筑业务强稳的新增订单。

Financial report every quarters lose money.NO confident

We all wishing you(HSL) to be turned into Sarawak version of GAMUDA. Master and dominate Sarawak infrastructure works following by expansion internationally

For sure sarawak belongs to BN . BN guarantee win

Read this report for last sentence'Najib said the implementation of the Pan Borneo Highway was also unique because the contracts would only be given to Sarawakian contractors.' Cmsb will get TRENMENDOUS BENEFITS from PAN BORNEO HIGHWAY.

Najib: Pan Borneo Highway to go on despite drop in oil prices

13 Mar 2016, Sunday

SERIAN: Prime Minister Datuk Seri Najib Tun Razak has given his commitment that the Pan Borneo Highway project will continue to be implemented despite the drop in oil prices.

Speaking at the launch of the commencement works of the 75 kilometre project from Serian roundabout to Pantu junction here today, Najib said what made the project more meaningful was that there would be no toll.

“This is the third package and the biggest package of 75km from Serian roundabout to Pantu junction that will cost about RM1.46 billion,” he said.

He disclosed that 10 packages would be launched this year

Najib, who is Barisan Nasional (BN) chairman, said the implementation of the Pan Borneo Highway project was a gift for Sarawakians who had given a strong support to BN in the 13th General Election.

“This shows that the government will deliver what we have promised to the people of Sarawak,” he stated.

He added that the RM16 billion project would not just be a catalyst or game changer for Sarawak, but would “transform the state’s landscape beyond comparison”.

“It will not just provide more efficient connectivity but would encourage more economic growth and foster unity among the people.”

Najib said the implementation of the Pan Borneo Highway was also unique because the contracts would only be given to Sarawakian contractors.

Kimlun only hold 30% whereas ZECON hold 70% of JV. Spotlight must be go to ZECON

Already high price when 'soon' reflected in report. So just buy while still not yet goreng up

Just bought my whole year holiday AA flight ticket for my family cost me around 20k, not yet fly but money already paid to AA account. No overhead for using bank facilities but generating bank interest for AA. This is the BEST business MODE in the WORLD and for EVERYONE investing in share market. A very brilliant mode of business comparing to construction company/material supplier/manufacturer which is always using bank facilities in advance sometime overdraft. If the payment delay , all the profit narrowed up by the bank interest even negative for some projects/awards. At the end all hardwork all belong to BANK.In conclusion, AA should not be below RM2 . IT SHOULD BE MORE THAN THAT.WHY? PLEASE DO UR OWN STUDY AND ANALYSIS ON LATEST QUARTERLY FINIANCIAL REPORT OF AA and compare with any counter price in between RM 3-4. You will get the answer AA shoud be in line with any of it. Tomorrow sure will collect more in any price. Those short term 'goreng kaki' u are utmost welcome and kindly to sell it and take ur little bit profit which is considered 'happy' earning for you. AA IS ONLY FOR LAST MAN STANDING.

http://www.klsescreener.com/v2/news/view/30659

Dear all passengers , we will be landing shortly.This is to refill fuel and engine cool down before heading to the higher destination.

Good counter for upcoming new bnm gavernor

TOMORROW SPOTLIGHT BJCORP

BCorp said the JV agreement would also see goods and services being supplied to Cosway Pharmacies (to be re-branded as Berjaya My Chemist pharmacies) and Tigas Alliance pharmacies.

CW Retail will also issue a license to the JV company to use its intellectual property rights in connection with the operation of the co-brand `Chemist Warehouse Berjaya Asia’ pharmacies and co-brand `Chemist Warehouse Marks’ in Malaysia.

“The acquisition-cum-subscription and the subscription of new shares in Monarch Wonder was/will be funded [by] internally-generated funds of the BCB group,” said BCorp.

BJCorp shares closed half a sen or 1.27% higher at 40 sen today, for a market capitalisation of RM1.8 billion.