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2019-02-13 19:08 | Report Abuse
Posted by calvintaneng > Feb 13, 2019 05:09 PM | Report Abuse
103888 is correct
My Friend CH Lau took the catering meals in Pengerang Rapid - cooking meals for thousands of bangla & china nationals
Pengerang completed phase one.
And he is fortunate to get same contract for phase 2
He said margin thin but profit still good due to such huge volumes of so many thousands
News & Blogs
2019-02-13 14:11 | Report Abuse
Petroliam Nasional Bhd’s Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor is commencing operations in 2019.
Recall
According to the sources, Brahim’s will cater three meals a day for about 10,000 pax at RM15 per head. That works out to revenue of RM54.7 million per annum. Assuming an after tax margin of 15%, this would translate into an estimated RM8.21 million in additional PAT for BACH each year.
“The contract Brahim’s is chasing is to supply three basic meals a day for approximately 10,000 workers in Rapid. The meals will be simple food like roti canai, which has a very low cost. Rapid is quite remote, so securing this catering contract is quite lucrative. There may also be opportunities to secure additional catering contracts in the future,” says one source.
http://www.theedgemarkets.com/article/brahim%E2%80%99s-close-clinching...
Stock
2019-02-13 14:08 | Report Abuse
Mammoth USD28 BILLIONS Project PENGERANG
News & Blogs
2019-02-13 14:06 | Report Abuse
Cooking for Pengerang
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2019-02-11 15:06 | Report Abuse
Petroliam Nasional Bhd’s Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor is commencing operations in 2019.
Recall
According to the sources, Brahim’s will cater three meals a day for about 10,000 pax at RM15 per head. That works out to revenue of RM54.7 million per annum. Assuming an after tax margin of 15%, this would translate into an estimated RM8.21 million in additional PAT for BACH each year.
“The contract Brahim’s is chasing is to supply three basic meals a day for approximately 10,000 workers in Rapid. The meals will be simple food like roti canai, which has a very low cost. Rapid is quite remote, so securing this catering contract is quite lucrative. There may also be opportunities to secure additional catering contracts in the future,” says one source.
http://www.theedgemarkets.com/article/brahim%E2%80%99s-close-clinching-rapid-catering-contract
Stock: [BRAHIMS]: BRAHIMS HOLDINGS BERHAD
2019-02-20 14:58 | Report Abuse
Pengerang – ‘Rotterdam of the East’
We are long term positive on Pengerang due to its strategic location and availability of vacant land. PIPC phase 2 development which potentially involves foreign international petrochemical players could kick start by 2020. Dialog (Not-Rated) will continue to be one of the key beneficiaries of Pengerang development due to its exposure in PDT, PLNG2, EPCC and maintenance services. With PIC overall at 97% completion, we see further diversification opportunities for PCHEM (HOLD; TP: RM9.74) into derivatives and specialty chemicals. Additionally, plant maintenance jobs would be up for grab for local services players such as Dialog and Serba Dinamik in the next two years