Collect again only around RM2.1 levels for those who want re-entry. fall below RM2 is very unlikely.

By reading this, I hope people are able to read between the lines and know that MYHSR will proceed inevitably, if you ask me I would definitely would not want Singapore to take control of 96% of the line, it is better for Malaysia in the longer run as we will slowly connect up to Thailand. Why worry about Singapore crowd? MyHSR will stop at the RTS station, you get out jump into RTS and you are in Singapore in less than 20mins. I would say it is a smarter move. Why benefit Changi when we can strengthen our KLIA.

KUALA LUMPUR (Jan 9): A “critical matter” which led to the scrapping of the Kuala Lumpur-Singapore high-speed rail (HSR) was the matter of the AssetsCo, The Edge Malaysia reported in the cover story of its latest issue. This entity is mean to be jointly controlled by Malaysia and Singapore.

“This is very significant because it must be noted that while the HSR line would be 350km, only 15km of that would be in Singapore.

“Joint control of AssetsCo meant that Singapore would have equal say in everything, current and future, regarding the management of the HSR — 96% of which would be in Malaysian territory,” wrote the weekly.

“If in the future, Malaysia seeks to extend the HSR line to Penang, it would have to consult Singapore — or even need its agreement. It is also noteworthy that the AssetsCo model would incur additional costs as there would be another layer above the operating company, incurring significant costs,” it added.

MyHSR chairman Tan Sri Esa Mohamed explained in an interview with the business publication that the “AssetsCo is a private entity that is responsible for bringing all the equipment in for the HSR project. This includes the train itself, or we call it rolling stock.

“It also includes things like the trackworks, overhead power, catenary — these are high voltage power — as well as the communications and signalling systems. So, all this equipment is to be brought in from overseas, from either China, Japan or Europe. Some of these [works] can be done locally, especially track works, but it is up to AssetsCo to decide.”

Esa revealed that the Singapore side said that “by removing AssetsCo, to them it is a totally new project. Therefore, they don’t want to talk about it. It is not this project. We were hopeful that they would agree, but they didn’t”.

“They claim that by using AssetsCo, they want to have commonality in terms of management of the line and to appoint AssetsCo via an international tender. It doesn’t stop us from calling for an international tender of our own. But the point is that we want to structure it according to Malaysian requirements.

“We want to show and share as much as possible so that the understanding is there because we have been accused of not being transparent, while we were abiding by the law,” said Esa.

Describing the AssetsCo Esa said: It depends on how you look at it. It is very restrictive. You cannot change anything.

The Edge also wrote that “the AssetsCo structure would give Singapore a strategic role in Malaysia’s railway development because both countries would have equal say under the structure”.

Singapore also revealed that another change they could not agree to was that the current administration in Putrajaya wanted the HSR to be connected to the Kuala Lumpur International Airport, which was not part of the agreement when Datuk Seri Najib Razak was still prime minister.

“If Malaysia were to proceed on the project with Singapore, the HSR can never be connected to KLIA without Singapore agreeing to it. Malaysia would be indirectly giving up its sovereignty to develop its aviation industry and KLIA would not be able to grow.

“On the other hand, an HSR that takes people from Singapore to KL in 90 minutes would benefit Changi Airport at the expense of KLIA,” wrote the weekly.

It will never go below RM2 anymore, yes it is definitely overbought. I sold everything at near peak and will start to collect once it drop to RM2.1-RM2.2 levels (which will be the lowest level). However if you look at bigger picture and want to be carefree, just leave it there and see it fly to RM4 by 2022.

KUALA LUMPUR (Jan 4): The government's move to replace the cancelled Kuala Lumpur-Singapore High Speed Rail project (KL-Singapore HSR) with the Kuala Lumpur-Johor Baru HSR (KL-JB HSR) will still be positive for the construction sector, say analysts.

CGS-CIMB’s analyst Sharizan Rosely said in a note today that based on his preliminary checks, he expects feasibility studies for the KL-JB HSR to be expedited in 2021 and to focus on reducing the original civil works cost of between RM50 billion and RM55 billion, for 60% to 70% of total 350km HSR development cost, excluding rolling stock and systems.

“We believe the revised cost of the new HSR line will still be sizeable as the distance is only about 10% shorter.

“Overall, cancellation of the KL-Singapore HSR is negative news but replacing it with the KL-JB HSR would still be positive for local rail players,” Sharizan said.

While a domestic HSR initiative may adopt a privatization or private finance initiative (PFI) model given the government’s fiscal limitations, he opined that the project still benefits local contractors, similar to the mass rapid transit (MRT) project.

While maintaining a "neutral" call on the sector, he opined that YTL Corp Bhd (add, target price: 85 sen), IJM Corporation Bhd (add, TP: RM1.81) and Malaysian Resources Corp Bhd (add, TP: 56 sen) are still likely major beneficiaries for the project.

Despite the cancellation of the KL-Singapore HSR, Hong Leong Investment Bank Research head Jeremy Goh believes that this does not necessarily spell the end of the project.

“Talks of modified HSR ending in JB are gaining credence as our ground checks indicate. Going alone would provide autonomy in terms of project design, specifications, funding, delivery timeline and appointment of consultants/contractors,” Goh said.

Overall, he opined that a unilateral undertaking could enable easier implementation of proposed cost-cutting measures without the need for bilateral consensus.

“We do not rule out the possibility of Singapore constructing a final high-speed link from JB at a much later stage (if KL-JB proceeds) given the potential economic benefits.

“Nevertheless, implementation of a revised version we reckon will be carried out on a long-term basis given the nascent stage of the project. In the near term, we believe MRT3 remains the government of Malaysia’s top priority as far as mega jobs are concerned,” he said.

Goh said the research house retained its "neutral" sector rating as it has previously regarded the HSR as a project to be executed over the longer term and thus unaccounted for in its sector and stock calls.

Its official, "Projek HSR Kuala Lumpur-Singapura akan diganti dengan projek MHSR Kuala Lumpur-Johor Bahru."

First, YTL strength has got nothing to do with HSR. If got HSR yes then a bonus to shoot to rm2 in 2021, no nevermind, they are expected to recover back to RM1-1.20 purely due to recovery in the construction sector 2021.
Secondly, if you read properly HSR from KL to SG is terminated. Doesn't mean HSR will not proceed, only the initial agreement KL to SG is cancelled. Think about it.

December so far YTL have bought RM18mil worth of SBB. 1 more week to go.

Oh my, another huge SBB by YTL! Wondering when will they stop SBB. Ask yourself why so much SBB at high price? why not let it drop further only SBB? Why the sudden SBB? Why EPF also recently accumulated?

Houdini must be controlling EPF and YTL to acquire YTL shares and con people then.

another huge buyback by YTL. Good news certainly coming! Watch out next week!

YTL from 68sen to 80sen, not even 30% yet, not even classified as shooting. Slow and steady like this win the race better than sudden jump. Everyday 2-3sen happy d.

Yes Houdini is right, the goal is to connect SEA. This 65bil HSR project if it is a BOT concept, even better government dont have to fork out a single sen and funds will come from big bro China (One Belt One Road).

Another huge share buyback!! something is up!

Budget passed, $$ approved, road clear to be used for HSR. Good luck YTL-ians.

please understand HSR that you are seeing is just a small piece of chess move by China, ultimately they want to have a rail that runs from Johor through thailand and all the way into China, that is the ultimate goal. Imagine from China to Johor and leaving out Singapore, surely Singapore will angry, so i got a feeling Singapore wants to join too and not be left out, now Malaysia holding the final cards.

Wont limit up yet. Please give a few days for local news media to chase this matter, once they start reporting, things will shoot to the sky, that's why now its not too late to buy still.

Chill first guys chill. Let the price do the talking and wait for official announcement this week. YTL supply cement to the whole project and at the same time construct the southern part. Good luck boys.

wah everyone play warrant who play mother share ah? Hahaha. yes please read the DBS report. ytl will take the Southern section. 300mil penalty is small money when China connects all the way to johor, Singapore will be left out and I'm sure the HSR will go up Thailand since they are building too.

dont worry, when we have papa China anything is possible. =)

https://www.malaysiachinainsight.com/2020/12/13/malaysia-to-fly-solo-pay-off-singapore-in-hsr-deal/

hooray HSR is on! but hmm wonder how malaysia is gonna finance this project.

Sure or not abang misai? Announcement should be soon? Next week?

I dont think retail so powerful la can push from 69sen to 73sen. Plus now sentiment never even caught up yet, so I believe now its mainly funds, retailers only will come in and goreng once got sentiment and news. haha

Super clear road ahead. So far don't see any resistance. Let's go first hurdle 75sens.

I am too holding huge amount of YTL and C34, lets fly to RM1 together ytl-ians.

chhn461, what makes you soo bullish on ytl this month and next? Only hsr?

YTL SBB again. Really something is brewing in the sector. Got a feeling insider knows something.

or i think they knew something that we dont. Good luck YTL holders

wah YTL bought so much shares. Must be very undervalued.

How you see billion ringgit making co? Billion ringgit company yes, billion ringgit making company no. Anyway there is high chance HSR will proceed and if proceed YTL will definitely get a huge chunk of meat. Short term TP RM0.90.

logistics play is over. no need to hold, move on to other counters.

Don't worry should be fine. This is a value stock, unfortunately you just have to hold longer, maybe a year to see the demand come up again.

when top glove cant deliver, demand will increase for the overall sector, ASP will increase too. flock to SM for steady returns

people listen to hotstuff really can go bankrupt.

One thing for sure is if coming QR, Top glove cant report better profit from 1.2bil, we'll see TG start to slowly collapse. The peak is definitely over for gloves, now its the matter of maintaining its price. I think TG wont even hit 1.1bil next month due to ASP slowly coming down. Let's see, good luck.

Alif where you refer to this statement? Can share link?

it will no longer be a PN17 company from this QR onwards. They should finally post a profit.

agree, up down up down. Definitely something is coming next week.

people are getting numb of this kind of news. The cronies know this is the fastest and only way or probably the last time to make fast money in Bursa before Vaccine is out. Please be smart and dont get trap by insiders.

Last round to collect gdex n natwide cheap before solid earnings next week or following week.

Last discount to collect Natwide and Gdex cheap before results next week or following week.

Whole forum spam by stingray alone. Please buy more stingray.

no need argue. price tomorrow will tell whether good news or bad lor.

Oh Shit, tomorrow better throw first. gap down tomorrow. Good luck everyone.

top up la scared what.

so happy to see this e commerce boom. so many people shop till drop. Happy for Gdex!

and hopefully special dividend please! haha

bought more around 42sen earlier. buy buy.

bye bye glove counters. thank god left