5% turnover...worse to come

official already...

PH just make the greatest magic trick ever. billions disappear into thin atr

tonys letter shows how short sighted PH is....

Gamuda crisis

looks like syndicates leaving.....dumping everywhere

PH should cancel LRT2, save more

in the hindsight, if they open tenders, will there be many companies to deal with such a government.
We are more becoming an African government each day

official letters received?

All the young engineers leave Malaysia lah, that's what you get when FM is a Penang fella, stingy like mad.
The light at the end of the tunnel is dim....

firm No. Start the retendering process....at least some excitement

maybe margin call last 15 munutes

next week. this week range bound

LGE should call for tender immediately....why wait?

wonder when is margin call coming?

who dares to have a contract with the government? halfway through can ask more discount? LOL

is it 29% or 40% completion? LGE should be decisive and clear all doubts.

or all contracts have to play on/off game?

cheap sale over, probably green today

quite likely to break 60.5 next week

operator a short term player

operator trying for cheap shares...

oils heading to usd 90 next

as solid an entry level as ever....

going for triple bottom on low volume }:

PE 12 is RM2.05
PE10 is RM1.71

It's confusing times with PH .gov. The indecisiveness is incredible.
LGE should give a press release to clarify this...

strong feeling another gap down in the morning...…….

It was reported that this follows the Cabinet's decision to terminate the underground work contract of the MRT2 with MMC Gamuda KVMRT Sdn Bhd, a joint venture between Gamuda Bhd and MMC Corp Bhd.

that's why tomorrow potentially another gap down...

probably closed circa 2.30

just like myEg, 3 limit downs?

anything from our economic planning Minister....macam lepak saja

typical straight arrow accountant

LOL

another gap down is possible...….

if Gamuda loses the package and theres no new mega project, it will be doomed to become a penny stock

LGE has no economic foresight at all....

to kill off the Malaysian construction industry?

maybe Gadang has chance for a bigger slice of MRT2

not many local but foreign companies ...yes

if Gamuda loses the whole package, its finite for Gamuda for years to come...……...

92% of orderbooks....ooops. definitely a loss coming Qs

The Ministry of Finance announced yesterday that the Government has terminated MMC-Gamuda’s contract to build the underground portion of the MRT Line 2 (KVMRT2) after the two parties failed to reach an agreement. This came in as a negative surprise as we believed earlier that the underground works, together with the above ground works, to be scaled down rather than outright cancellation. The KVMRT2 underground works constituted RM5.5bn or c.92% of the Group’s outstanding ordebook of RM6bn, which would adversely impact Gamuda’s construction earnings in the near term with the cancellation and absence of new jobs.

50% of orderbook gone?

so the only choice now is a foreign company....defeat the local content perspective

maybe another gap down again after fund managers process data

how much is Gamudas orderbook minus 16 bil?

wow shaved off 16 bil….no wonder fall until mother cannot recognised

I think RM2 will be more comfortable in term of risk reward...how much shaved off? 1 billion or more?

lower revenue, how to maintain div payout?

more impairment to come in the following Qs.

PH don't play ball...gave up water concession but hammered on LRT2 also