Bursalord

Bursalord | Joined since 2018-07-31

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Stock

2019-04-23 09:13 | Report Abuse

It's time for gkent to perform in bursa saham malaysia

Stock

2019-04-19 14:58 | Report Abuse

Mrcb moving, mrcb sub contractor gkent goooooooo

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2019-04-19 14:48 | Report Abuse

Daim: Plenty of room for local contractors in renegotiated ECRL project
Published 2 hours ago on 19 April 2019

Tun Daim Zainuddin (left) urged local contractors to get involved in the resumed ECRL project. — Picture by Hari Anggara
Tun Daim Zainuddin (left) urged local contractors to get involved in the resumed ECRL project. — Picture by Hari Anggara
KUALA LUMPUR, April 19 — The renegotiated East Coast Rail Link (ECRL) project offers plenty of opportunities to local contractors, including Bumiputeras, in public works like supplies and technical aspects, said Tun Daim Zainuddin.


Daim, the prime minister’s special envoy who successfully renegotiated the project with the Chinese government on April 12, said local contractors should seize these opportunities as the project offers many attractive packages that will change the country’s economic landscape, and it will be a loss to let these chances slip.


“If you lack capability, you need to cooperate closely with foreign experts because many packages will be offered. In fact, it is not impossible for their (local contractors) involvement to exceed 40 per cent if the collaboration succeeds. I can see, maybe in supplies and technical aspects. So, they should be prepared.

“They should go and discuss with Malaysia Rail Link Sdn Bhd (MRL), show the expertise and services that can be offered. This is an international tender, need to be productive, don’t wait for opportunities to come knocking, don’t wait for people to call, don’t criticise without facts, business people must move.


“Come and see me if you are shy; I will help if they are really qualified. Don’t expect the government to feed you; you yourself should prepare and go meet the industry players,” he told Bernama in an interview at his office here.


The ECRL project was started by the previous government under Barisan Nasional but was suspended last year by the Pakatan Harapan government because of its high cost.

Last April 12, MRL and China Communications Construction Company Ltd (CCCC) signed a Supplementary Agreement (SA) which paves the way for the resumption of the mega project.

Under the new agreement, construction of Phases 1 and 2 of the ECRL will be resumed at a cost of RM44 billion, a reduction of RM21.5 billion from the original projection of RM65.5 billion. The rail line will have a new alignment which cuts its distance by 40 km to 648 km and reduces its cost per kilometre from RM98 million to RM68 million.

On April 15, Prime Minister Tun Dr Mahathir Mohamad said the SA will boost the participation of Malaysia in public works of the ECRL project to 40 per cent from 30 per cent previously.

Daim said the ECRL will not be a white elephant as it will carry 70 per cent cargo and 30 per cent passengers and will have spillovers like creating job opportunities, especially for people in the east coast.

"For sure, this project is among the biggest for the east coast people and most expensive ever undertaken to bring about a balance (in development) between the west and east because all this while they have been left behind. The east coast will change; we have opportunities with the implementation of ECRL.

“In fact, I have discussed (ECRL prospects) with the Terengganu menteri besar. And I will go to Kelantan later. We hope the states involved will take the opportunity to hold various promotions to attract investors.

“This is a chance to use the opportunity wisely because this project is the biggest ever implemented on the east coast alignment, which is rich in east coast culture and customs, delicious food, business and investment opportunities. Because of this, we need to seize the opportunities for our common good,” he said.

He said the business and tourism sectors are among those that will benefit from the ECRL as it will definitely create economic opportunities and new jobs at each station and stop.

“If, previously, we can be successful in the west coast, why can’t we do the same for the east coast? This has the potential to bring about balanced development in Peninsular Malaysia,” said Daim, a former finance minister.

The new alignment covers 648 km over five states — Kelantan, Terengganu, Pahang, Selangor and Negri Sembilan — and Putrajaya, compared to only four states under the old alignment. — Bernama

Stock

2019-04-17 08:59 | Report Abuse

Surveying Shares of George Kent (Malaysia) Berhad (KLSE:GKENT), i3 Verticals, Inc. (NasdaqGS:IIIV)
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By Caroline Biscotti on April 16, 2019


The Value Composite Two of George Kent (Malaysia) Berhad (KLSE:GKENT) is 18. The VC2 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, price to earnings and shareholder yield. Similarly, the Value Composite One (VC1) is a method that investors use to determine a company’s value. The VC1 of George Kent (Malaysia) Berhad (KLSE:GKENT) is 27. A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company. The VC1 is calculated using the same metrics as VC2, but without taking into consideration shareholder yield.

Investors looking to make big gains in the equity market may be looking to fine tune an existing strategy or create a whole new one. It may sound quite easy, buy low and sell high. Obviously, navigating the stock market typically entails much more than that. Identifying market tops and correction levels may be very difficult. Of course, it always hurts to take a loss, but figuring out how to shrink losses can help keep the ship afloat during turbulent market conditions. The situation for the average investor may vary greatly from one person to the next. Some investors will be working with a short-term plan, while other may be focused on a longer-term investment horizon. Goals may also vary from individual to individual. Keeping these goals in sight may help clear up the sometimes foggy investing waters, and provide clarity for creating a winning portfolio.

Valuation Scores

Shifting gears, we can see that George Kent (Malaysia) Berhad (KLSE:GKENT) has a Q.i. Value of 31.00000. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield. The purpose of the Q.i. Value is to help identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the company tends to be.

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2019-04-15 20:52 | Report Abuse

Gkent still one of the potential counter.

Stock

2019-04-15 20:51 | Report Abuse

(吉隆坡15日讯)分析员认为东铁项目复工为建筑领域带来的利好早已反映在股价上,料相关股项短期将进入盘整;无论如何,当前建筑领域算是走出谷底,加上砂拉越州政府将加大发展预算,也看好可提振整体建筑领域士气,氛围已没有之前那么悲观!



早在今年初,市场已揣测东铁可能复工,相关建筑领域股项股价今年迄今已反弹走高36.51%和61.05%之间,与去年509大选后情况相比形成了鲜明对比,当时它们的市值缩水了37.03%至70.81%。

大众投银研究和丰隆投银研究均认为,有鉴于大部份建筑股的股价早已反映了相关利好,料会有部份投资者趁机套利,以致建筑股项短期内或陷盘整阶段。

东铁新路线已确定绕过文冬;图为东铁项目总承包商中国交通建设股份有限公司(CCCC)位于文冬的工地。
东铁新路线已确定绕过文冬;图为东铁项目总承包商中国交通建设股份有限公司(CCCC)位于文冬的工地。
纵览马股建筑股项今早走势,在大部份建筑股项走低拖累下,建筑类股指数今日亦由升转跌,截至下午4时30分,报202.89点,跌2.77点。

大众投银研究指出,根据前资政理事会主席敦达因,东铁项目中的40%分包商工程将保留给大马公司,这相当于176亿令吉的合约总值,当中金务大(GAMUDA,5398,主要板建筑)和怡保工程(IJM,3336,主要板建筑)获看好突围胜算最高。

前景依旧挑战重重
该行解释,金务大和怡保工程在铁路建设方面经验丰富,同时怡保工程此前已在东海岸经济特区(ECER)深耕,加上该公司在关丹港口占地700英亩的工业地段中持有60%股权,这亦是其优势之一。

至于丰隆投银研究则看好怡保工程和乔治肯特(GKENT,3204,主要板建筑)。

Stock

2019-04-15 20:45 | Report Abuse

Thats mean ecrl project is gkent potential job before.
Might be gamuda, mrcb or ecrl main contractor cccc sub contractor

Stock

2019-04-15 20:42 | Report Abuse

Other potential jobs include Singapore MRT track works (S$150 million or RM446.25 million), a hospital (RM500 million), East Coast Rail Link (ECRL) systems (RM1 billion) and water-related jobs.

Stock

2019-04-15 20:40 | Report Abuse

This article first appeared in The Edge Financial Daily, on March 22, 2018.


-A+A
George Kent (Malaysia) Bhd
(March 21, RM4.29)
Maintain buy with a target price (TP) of RM5.66: We attended George Kent (Malaysia) Bhd’s (GKent) fourth quarter of financial year 2018 (4QFY18) results briefing yesterday, which was represented by Bernie Ooi (executive director), Phoon Hee Yau (general manager for strategy) and Ong Kum Weng (finance manager). To recap, core earnings for FY18 were above expectations at RM138 million (+47% year-on-year), forming 136% of our full-year forecast.

The 4QFY18 engineering profit before tax (PBT) margin (excluding associates and joint-venture [JV] profits) was exceptionally high at 47.1%, which management explained was due to significant recognition of variation order (VO) works on the light rail transit (LRT) extension. There is a remaining RM193 million worth of works comprising the Bukit Jalil siding, depot equipment, roofing and platform. As such, we opine that the strong engineering margin will persist into FY19.

Apart from the bus depot, all major LRT Line 3 (LRT3) packages have been awarded and work progress is estimated at 3%. The contribution from LRT3 (share of JV profits) was RM17 million for FY18, and this is expected to accelerate strongly for FY19.

The Gamuda-MMC-GKent JV and China Communications Construction Co Ltd are the finalists for mass rapid transit Line 3 (MRT3) (RM45 billion). Although management did not reveal its stake in the JV, it has been agreed that GKent will undertake the system works potentially amounting to RM6 billion to RM8 billion. Securing this would double its order book, which currently stands at RM5.5 billion.

We remain optimistic about the JV winning the turnkey role given its pure local set-up and the lower rate of financing offered.

Last month, a consortium was formed between GKent and four European names (Siemens, Alstom, Italian State Railways and PORR) to bid for the high-speed rail (HSR) asset company role. Management expects bidding competition from Chinese, Japanese and Korean consortiums. The tender will close at end-June.

Other potential jobs include Singapore MRT track works (S$150 million or RM446.25 million), a hospital (RM500 million), East Coast Rail Link (ECRL) systems (RM1 billion) and water-related jobs.

Any possible delays in LRT3 would be a key risk. Our forecasts are unchanged as the briefing yielded no surprises.

GKent is a key proxy for the booming rail project roll-outs in Malaysia. We believe that it is in a polar position to participate in jobs such as MRT3 and HSR. It also boasts a net cash position of 82 sen per share (19% of its market capitalisation). Our sum-of-parts-based TP of RM5.66 implies a price-earnings ratio (excluding cash) of 19 times and 17 times respectively for FY19 and FY20. — Hong Leong Investment Bank Research, March 21

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2019-04-15 09:09 | Report Abuse

Buyyyyyyyyyyyyyyyyy!!!

Stock

2019-04-15 09:09 | Report Abuse

One of the most significant concessions that we won from the Chinese side is that local participation in the construction of the ECRL will be increased to 50 per cent of all works from the previous 30 per cent of only civil works.

Stock

2019-04-14 19:42 | Report Abuse

Dow Jones up 269.25 point on friday

Stock

2019-04-14 19:42 | Report Abuse

Dow Jones Industrial Average
.DJI (INDEXDJX)
26,412.30Price increase269.25 (1.03%)
12 Apr, 5:03 pm GMT-4 - Disclaimer

Stock

2019-04-14 19:39 | Report Abuse

It's time for limit up.
All the best to gkent supporters

Stock

2019-04-14 19:38 | Report Abuse

One of the most significant concessions that we won from the Chinese side is that local participation in the construction of the ECRL will be increased to 50 per cent of all works from the previous 30 per cent of only civil works.

Stock

2019-04-14 19:37 | Report Abuse

Daim: Have no fear, ECRL will have stops at designated stations in Terengganu
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The people of Terengganu will get a chance to travel on the high speed train on the East Coast Railway Link (ECRL) tracks and they may even get tickets subsidised by the operators. (NSTP/FARIZUL HAFIZ AWANG)

By Rosli Zakaria
April 14, 2019 @ 6:10pm
ROSLI ZAKARIA
KUALA TERENGGANU: The people of Terengganu will get a chance to travel on the high speed train on the East Coast Railway Link (ECRL) tracks and they may even get tickets subsidised by the operators.


Council of Eminent Persons chairman Tun Daim Zainuddin said it was only logical for the high speed train to make several stops in Terengganu as it would be constructed on the tracks originally proposed in the earlier agreement with China.

“Fear not. The people of Terengganu will have the chance to ride the train. The railway will pass through several stations in the state. The tickets, without subsidies, will cost RM500 each (in order) to break even but the government is most likely to make it affordable.

“Otherwise, traveling by air will be cheaper. The ECRL is built for the rakyat and as such the tickets will be subsidised,” he said during the Bicara Darul Iman, the first series of discourse programmes for invited guests and senior government officers with the country’s influential figures.

One of the objectives of the programme was to build a first class mind set among leaders, senior civil servants, captains of industries in both the public and private sectors through exposure towards scenarios related to current issues.

Earlier, when addressing the audience, Daim said he was in Beijing to sign a new contract for the construction of the ECRL.

“I know many in the East Coast, including Terengganu, have been keen for this project to continue and the news that the ECRL will proceed was met with relief and joy in the East Coast.

“One of the most significant concessions that we won from the Chinese side is that local participation in the construction of the ECRL will be increased to 50 per cent of all works from the previous 30 per cent of only civil works.

“Add to that, the side industries such as homestays, food, transport and retail will surely flourish with the resumption of work on the ECRL, and we have a situation where entrepreneurs and businesses, both big and small, will have a much bigger pie to sink their teeth into,” he said.

He added that the opportunities that arise would be a good test for Bumiputera entrepreneurs in Terengganu and the whole of the East Coast, to prove their capability of meeting demand and competition.

“Hence, I would like to call on all those present here now and the people of Terengganu to start thinking outside the box if they intend to be part of this economic future. They should have intellectual discourses with the local authorities and state government to compile a list of initiatives which will bring about positive change and prosperity to the state and its people.

“The state and its people should have long term plans to facilitate this new development with elements which can build up the ecosystem along the railway route. Start thinking of new products, new services that Terengganu can offer not only to the rest of Malaysia, but consequently to the rest of the world.

“Ensure that all this is done with honesty, integrity, diligence and trustworthiness. Think long-term instead of thinking about immediate profits. Do not sacrifice quality for profit, do not cut corners to make your work easier. Do not cheat, do not shortchange. Take pride in your product, take pride in your service.

“The future is in your own hands. Ask yourself what you have contributed to the Bumiputera economic agenda and what role you can play? Don’t keep asking the government what it is offering in the Bumiputera economy.”

35 reads

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2019-04-12 21:00 | Report Abuse

The future of gkent is too bright

Stock

2019-04-12 20:58 | Report Abuse

Hong Leong Investment Research believes George Kent is in a prime position to participate in upcoming mega rail projects such as the ECRL and HSR

Stock

2019-04-12 20:58 | Report Abuse

HLIB maintains buy on GKent on consortium news
ANALYST REPORTS
Tuesday, 13 Feb 2018

9:02 AM MYT
image: https://www.thestar.com.my/~/media/online/2017/11/09/00/53/analyst-report.ashx/?w=620&h=413&crop=1&hash=FF11E8A6080FDE45DE7CEEFF38A64D6E6CE55D28


KUALA LUMPUR: Hong Leong Investment Research maintained a buy call on George Kent Malaysia Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

with a target price of RM4.31.

This comes on the back of news that it was joining forces with Siemens, Alstom, Italian State Railways (ISR) and PORR towards a joint proposal for the EPC and O&M portion of the KL-Singapore High Speed Rail project.


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George Kent had announced in October 2017 that they were teaming up for the HSR AssetsCo role, but with the inclusion of the other three companies, the research firm believes the consortium is in an even stronger position for the role.

"We are positive on this recent news as getting the AssetsCo role will further elevate GKent’s prominence in the rail system’s scene.

"Track record wise, GKent is undertaking the LRT extension systems, MRT2 track works and LRT3 PDP role. GKent’s huge net cash pile of RM384m will come in handy for the AssetsCo bid."

Hong Leong Investment Research believes George Kent is in a prime position to participate in upcoming mega rail projects such as the ECRL and HSR

Read more at https://www.thestar.com.my/business/business-news/2018/02/13/hlib-maintains-buy-on-gkent-on-consortium-news/#Gzc4T6biqtRFiFeC.99

Stock

2019-04-12 20:48 | Report Abuse

Other potential jobs include Singapore MRT track works (S$150 million or RM446.25 million), a hospital (RM500 million), East Coast Rail Link (ECRL) systems (RM1 billion) and water-related jobs.

Stock

2019-04-12 20:47 | Report Abuse

-A+A
George Kent (Malaysia) Bhd
(March 21, RM4.29)
Maintain buy with a target price (TP) of RM5.66: We attended George Kent (Malaysia) Bhd’s (GKent) fourth quarter of financial year 2018 (4QFY18) results briefing yesterday, which was represented by Bernie Ooi (executive director), Phoon Hee Yau (general manager for strategy) and Ong Kum Weng (finance manager). To recap, core earnings for FY18 were above expectations at RM138 million (+47% year-on-year), forming 136% of our full-year forecast.

The 4QFY18 engineering profit before tax (PBT) margin (excluding associates and joint-venture [JV] profits) was exceptionally high at 47.1%, which management explained was due to significant recognition of variation order (VO) works on the light rail transit (LRT) extension. There is a remaining RM193 million worth of works comprising the Bukit Jalil siding, depot equipment, roofing and platform. As such, we opine that the strong engineering margin will persist into FY19.

Apart from the bus depot, all major LRT Line 3 (LRT3) packages have been awarded and work progress is estimated at 3%. The contribution from LRT3 (share of JV profits) was RM17 million for FY18, and this is expected to accelerate strongly for FY19.

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The Gamuda-MMC-GKent JV and China Communications Construction Co Ltd are the finalists for mass rapid transit Line 3 (MRT3) (RM45 billion). Although management did not reveal its stake in the JV, it has been agreed that GKent will undertake the system works potentially amounting to RM6 billion to RM8 billion. Securing this would double its order book, which currently stands at RM5.5 billion.

We remain optimistic about the JV winning the turnkey role given its pure local set-up and the lower rate of financing offered.

Last month, a consortium was formed between GKent and four European names (Siemens, Alstom, Italian State Railways and PORR) to bid for the high-speed rail (HSR) asset company role. Management expects bidding competition from Chinese, Japanese and Korean consortiums. The tender will close at end-June.

Other potential jobs include Singapore MRT track works (S$150 million or RM446.25 million), a hospital (RM500 million), East Coast Rail Link (ECRL) systems (RM1 billion) and water-related jobs.

Any possible delays in LRT3 would be a key risk. Our forecasts are unchanged as the briefing yielded no surprises.

GKent is a key proxy for the booming rail project roll-outs in Malaysia. We believe that it is in a polar position to participate in jobs such as MRT3 and HSR. It also boasts a net cash position of 82 sen per share (19% of its market capitalisation). Our sum-of-parts-based TP of RM5.66 implies a price-earnings ratio (excluding cash) of 19 times and 17 times respectively for FY19 and FY20. — Hong Leong Investment Bank Research, March 21

Stock

2019-04-12 20:41 | Report Abuse

No ecrl related counter flying high today, , due to the official detail of new ecrl agreements announcement will only make by tun mahathir on this coming Monday.
So gkent and ecrl related counter will go uptrend on this coming Monday.

Stock

2019-04-12 20:31 | Report Abuse

GKENT will go uptrend on Monday.
Tun mahathir will announce the detail of new ecrl agreement at press conference on Monday.
The new contract agreement is more relevant to local company.
All the best to all of you.

Stock

2019-04-11 18:48 | Report Abuse

Yessssssssssss

Stock

2019-04-11 18:47 | Report Abuse

ECRL deal to be signed tomorrow
2019-04-11 16:58

An agreement on ECRL will be signed in Beijing on Friday. Photo courtesy: Sin Chew Daily

KUALA LUMPUR, Apr 11 (Sin Chew Daily) -- An agreement on the East Coast Rail Link (ECRL) project will be signed between Malaysia and China in Beijing tomorrow (Friday).

A source from the Malaysian negotiation team told Sin Chew Daily the prime minister's special envoy Tun Daim Zainuddin had arrived in Beijing and was negotiating the final details with China.

Daim will host a press conference at the Malaysian Embassy in Beijing at 2.00 p.m. tomorrow.

He is expected to announce the outcome of the final negotiation.

Stock

2019-04-11 16:53 | Report Abuse

Tomorrow gkent will fly all the way to break rm 4

Stock

2019-04-11 16:15 | Report Abuse

达因将于明日下午2时在马来西亚驻北京大使馆召开新闻发布会,预计将宣布最终的谈判结果。

星洲日报早前独家报道,重启的东铁计划造价预计将介于390亿至460亿令吉之间。经过调整后的造价,东铁的建设成本也将从每公里平均9520万令吉缩减超过10%。星洲日报探悉,除了降低造价外,重启的东铁计划路线也会进行调整,新路线将会绕过文冬,而且会延伸到森州。

消息也表示,大马与中方签署的只是重启东铁计划协议,与中国购买大马棕油无关。棕油合约是首相访华期间签署的双边贸易合约,不在东铁的谈判项目

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2019-04-11 16:13 | Report Abuse

Lrt3 already get, the business man has a flexible brain. They will support the government who give them a convenient, the political also the same.

Stock

2019-04-11 15:59 | Report Abuse

Hopefully gkent will shoot up after 4pm

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2019-04-11 15:54 | Report Abuse

Yessassa. All the best to gkent supporters

Stock

2019-04-11 15:49 | Report Abuse

Ecrl project is back.
Latest news let's buy

Stock

2019-04-11 15:43 | Report Abuse

Go go gkent go, buy before it's too late.
Fly all the way to break rm 4

Stock

2019-04-11 15:38 | Report Abuse

Tomorrow, china and malaysia will sign a new contract for ecrl.
Yessassa!!!!!!!!! Let's go

Stock

2019-04-11 15:38 | Report Abuse

【独家】将宣布最终谈判结果·重启东铁 马中明签约
热点
广告
MK0810PSN03.JPG(3351462)-20190411151703.jpg
东海岸铁路(ECRL)计划(档案照)
(吉隆坡11日讯)马来西亚与中国预料将于周五在北京签署重启东海岸铁路(ECRL)计划的协议。

广告

负责跟中国谈判的马来西亚东铁计划谈判队消息告诉星洲日报,首相特使敦达因已抵达中国,并将与中方就谈判的细节进行最终的商议。

消息指出,总检察署代表将代表大马签约,并由达因负责见证。

消息指出,最终签署协议的时间与地点则还需等待谈判正式结束后才能确定。

广告

达因将于明日下午2时在马来西亚驻北京大使馆召开新闻发布会,预计将宣布最终的谈判结果。

星洲日报早前独家报道,重启的东铁计划造价预计将介于390亿至460亿令吉之间。经过调整后的造价,东铁的建设成本也将从每公里平均9520万令吉缩减超过10%。星洲日报探悉,除了降低造价外,重启的东铁计划路线也会进行调整,新路线将会绕过文冬,而且会延伸到森州。

消息也表示,大马与中方签署的只是重启东铁计划协议,与中国购买大马棕油无关。棕油合约是首相访华期间签署的双边贸易合约,不在东铁的谈判项目。

Stock

2019-04-11 15:23 | Report Abuse

Can buy now..

Stock

2019-04-11 13:46 | Report Abuse

Ecrl project will start working at the end of the month.
Official news from cccc main contractor from china

Stock

2019-04-11 13:44 | Report Abuse

管理层:海外项目风险不可测
另据媒体报道指,双方有可能在月底马哈迪尔访华时重启复工协议,中方同意大幅度降价。造价相较之前660亿马币(约1,267亿港元),至少减少100亿马币(约192亿港元),而且重新调整了路线。

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2019-04-11 13:02 | Report Abuse

China already reduced ercl price. Official news from china.

http://www.epochtimes.com/gb/19/4/11/n11177426.htm

Stock

2019-04-11 12:30 | Report Abuse

ECRL-linked construction stocks up
BUSINESS NEWS
Thursday, 7 Jun 2018

by zunaira saieed

image: https://www.thestar.com.my/~/media/online/2017/12/18/00/49/ecrl-east-coast-rail-link.ashx/?w=620&h=413&crop=1&hash=712068C50B2B9376866B702C54E0F9CEAD21CC71


KUALA LUMPUR: Following expectations of the East Coast Rail Link (ECRL) not being shelved, stocks of construction companies linked to the rail project rebounded yesterday.

An online portal disclosed that there is a heavy penalty imposed to terminate the project of some RM22bil, should the new government cancel it.


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Hence, shares of construction companies such as Gabungan AQRS Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

, George Kent (M) Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

and Lafarge Malaysia Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

, which are linked to the possible contract wins in the project, had showed a rebound


Read more at https://www.thestar.com.my/business/business-news/2018/06/07/ecrllinked-construction-stocks-up/#u6pPHmys8OWhBMEw.99

Stock

2019-04-11 12:29 | Report Abuse

ECRL-linked construction stocks up
BUSINESS NEWS
Thursday, 7 Jun 2018

by zunaira saieed

image: https://www.thestar.com.my/~/media/online/2017/12/18/00/49/ecrl-east-coast-rail-link.ashx/?w=620&h=413&crop=1&hash=712068C50B2B9376866B702C54E0F9CEAD21CC71


KUALA LUMPUR: Following expectations of the East Coast Rail Link (ECRL) not being shelved, stocks of construction companies linked to the rail project rebounded yesterday.

An online portal disclosed that there is a heavy penalty imposed to terminate the project of some RM22bil, should the new government cancel it.


ADVERTISEMENT

Hence, shares of construction companies such as Gabungan AQRS Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

, George Kent (M) Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

and Lafarge Malaysia Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

, which are linked to the possible contract wins in the project, had showed a rebound


Read more at https://www.thestar.com.my/business/business-news/2018/06/07/ecrllinked-construction-stocks-up/#u6pPHmys8OWhBMEw.99