Thank you, Mr Sami, your comment make sense to me. Learn something today.

Sami_Value why 6% is fair ? Because as PDP, they are not only reviewing the design, they need to do coordination across the trades.

For normal residential building . The P&A rate for coordination normally range around 2.5% to 3%. For a more complex building like mall, the P&A will go up to 3.5% to 4%. For healthcare, it will reached 4.5%. It all depends on the degree of difficulty of the coordination. The P&A scope in building contract is almost identical to the PDP role function in railway jobs.

Hence, for railways with multiple disciplines & multiple stations, 6% is a fair rate.
01/06/2018 17:52

MBSB, Wahseong & SUpermax, very good

many top 20 in previous years all koyak

Walau, 6 green out of 7, mostly all bluechips, well done.

Alamak, semua koyak

See, Herbert always talk rubbish instead of contributing positively

Aiya, this Herbert talk big rubbish in i3, where got buy share one, he will never prove what he said.

haha, good one

GG_Liang Every day limit down here limit down there. You think every counter is like hengyuan with temporary high EPs?
01/06/2018 14:39

Oh, one more thing, in case you don't know, the general percentage of fee for QS & Architecture in the current market is about 1%~1.5%.

2%~2.5% is hardly seen but still got.

For management fee of 6%, Gkent should laugh to the bank, it is big fat %.

Based on your comments, you seem to assume the fee will be the profit.

It is totally different from those QS, Architectual or Project management Fees as known in the construction industry, where those firms need to perform their jobs by engaging their own staff at their own offices.

It is NOT secondment of staff as it has been classified as MANAGEMENT FEE. (Let me know if you don't know what is secondment)

It will be big frog for Gkent IF the FEE = Profit

OR instead Sochai for PRASARANA Malaysia Bhd to absorb the staff costs & other running costs, so the fee given to Gkent is nett nett

erkongseng, I am considering to buy if price is right for me, but I want to clarify before making any decision. I don't want to be cheated or misled.

Now, are you assuming the management fee will be the nett nett amount to be received by GKent?

Are you claiming that PRASARANA Malaysia Bhd will absorb the staff costs & other running costs incurred by the PDP when PDP doing their management stuff?


erkongseng KLCI KING
RM4.5Bil x 6% = RM270mil(6%是以税后盈利计算)
RM270mil / 5 years = RM54mil
http://www.sharetisfy.com/2016/01/gkent-3204-gkent.html
01/06/2018 11:24

Not weak enough

TeamRocket Tech stock might be bullish in coming qr, better collect when weak.
01/06/2018 12:23

Nothing happen ¯\(-.-) /¯

KLCI King Another limit down stock tomorrow?
31/05/2018 17:28

From last year's Jun RM0.43 all the way down to 0.08, what a crazy world

I am not here to make any judgement on the valuation, but just to highlight on the basis on how to get things right & from there work out your own judgement based on the correct calculation.

With earning RM1, some think the company should worth RM10, some say RM20, that's subjective thing that no right or wrong.

But the estimation of earning RM1 must be calculated based on the correct basis, not simply said or handam.

I am not here to make any judgement on the valuation, but just to highlight on the basis on how to get things right & from there work out your own judgement based on the correct calculation.

With earning RM1, some think the company should worth RM10, some say RM20, that's subjective thing that no right or wrong.

But the estimation of earning RM1 must be calculated based on the correct basis, not simply said or handam.

Can anyone mind to share if the management fee will be the nett nett amount to be received by GKent?

Because someone claimed that PRASARANA Malaysia Bhd will absorb the staff costs & other running costs incurred by the PDP when PDP doing their management stuff

erkongseng klci king
LRT3中45亿订单净赚6%=270m
别把270m混为订单來算。
01/06/2018 03:58

Posted by erkongseng > May 31, 2018 08:52 PM | Report Abuse
个人简单计算:
订单56亿约6%赚副为3.36亿
3.36亿/563m股数=每股59仙净利
订单佔大多数的LRT3(45亿)于2020年完工。
因此尚有4年时间收入，每年为59仙/4=14.75仙
水表业务每年取2000万净利计，每股净利为3.5仙
总共下来每年的每股净利(eps)为14.75+3.5=18.25仙
取pe=12倍，股价=RM2.19
只供参考，買卖自负。
01/06/2018 09:48

please go study what do you mean by PROJECT DELIVERY PARTNER.

When your billing should be the Management Fee, then your order book should be based on the amount of management fee, not the project value.

Like Quantity Surveyor, your job is to QS on the project, not building the project, so your unbilled order book should be the FEE. The project cost should be belong to the contractors that building the project.

Can anyone mind to share if the management fee will be the nett nett amount to be received by GKent?

Because someone claimed that PRASARANA Malaysia Bhd will absorb the staff costs & other running costs incurred by the PDP when PDP doing their management stuff

erkongseng klci king
LRT3中45亿订单净赚6%=270m
别把270m混为订单來算。
01/06/2018 03:58

Posted by erkongseng > May 31, 2018 08:52 PM | Report Abuse
个人简单计算:
订单56亿约6%赚副为3.36亿
3.36亿/563m股数=每股59仙净利
订单佔大多数的LRT3(45亿)于2020年完工。
因此尚有4年时间收入，每年为59仙/4=14.75仙
水表业务每年取2000万净利计，每股净利为3.5仙
总共下来每年的每股净利(eps)为14.75+3.5=18.25仙
取pe=12倍，股价=RM2.19
只供参考，買卖自负。

haha, you continue to cheat lah, please go study what do you mean by PROJECT DELIVERY PARTNER.

When your billing should be the Management Fee, then your order book should be based on the amount of management fee, not the project value.

Like Quantity Surveyor, your job is to QS on the project, not building the project, so your unbilled order book should be the FEE. The project cost should be belong to the contractors that building the project.

Such simple concept also don't know & keep talking like want to go to the moon.

"PRASARANA Malaysia Bhd has appointed Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd as the project delivery partner (PDP) for the light rail transit three (LRT3), which is estimated to cost RM9bil."

"The PDP for the LRT3 project will earn a management fee of 6%".
https://www.thestar.com.my/business/business-news/2015/09/05/prasarana-appoints-2-pdps/

SIMPLE CALCULATION:
Project shared equally with MRCB = 9bil divided by 2 = 4.5bil
Management fee = 6% of 4.5bil = 270mil

CORRECTION:
RM270 million- LRT3
RM494 million - MRT2
RM642 million - Hospital in Putrajaya and Selangor

Total Order Book in Hand = 1.4 billion only

erkongseng, I mention you in my article, come & find out, it is interesting.

"PRASARANA Malaysia Bhd has appointed Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd as the project delivery partner (PDP) for the light rail transit three (LRT3), which is estimated to cost RM9bil."

"The PDP for the LRT3 project will earn a management fee of 6%".

SIMPLE CALCULATION:

Project shared equally with MRCB = 9bil divided by 2 = 4.5bil

Management fee = 6% of 4.5bil = 270mil

CORRECTION:

RM270 million- LRT3
RM494 million - MRT2
RM642 million - Hospital in Putrajaya and Selangor

Total Order Book in Hand = 1.4 billion only

Hello! Those who claim GKent is having 5.6bil order book, please come & prove your facts after reading my findings below:

GKent's Order Book in hand = 5.6bil? NO, it is 1.4bil only!!! Don't be cheated
https://klse.i3investor.com/blogs/happyinvest/159078.jsp

GKent's Contracts in hand = 5.6bil? NO, it is 1.4bil only!!! Don't be cheated
https://klse.i3investor.com/blogs/happyinvest/159078.jsp

Felicity failed at Poweroot, Ekovest, MRCB & WCE. Mostly all his choices of stocks since the beginning of 2017 until now failed terribly & miserably.

Felicity is VERY SWEET in writing articles but DAMN BAD in investment choices.

Read yourself on his other recommendation before blindly follow:

DO NOT SELL WCE, Airasia and Ekovest
http://www.intellecpoint.com/2017/04/do-not-sell-wce-airasia-and-ekove...

Sold some Insas and Bought Power Root
http://www.intellecpoint.com/2017/04/sold-some-insas-and-bought-power-...
31/05/2018 20:24

Tomorrow 9am will know how market responds, no need to argue, let the majority to decide.

Your first comment shown you are bird talking

Posted by blue_bird > May 31, 2018 10:58 PM | Report Abuse
wah, so many jiao jiao doing bird talking here

Those bought & still got stocks in hand, today should be a sleepless night for them.

Your opinion is noted, we'll see if you are right tomorrow, from there we will know the degree of reliability of your judgement.

Posted by TeamRocket > May 31, 2018 08:55 PM | Report Abuse
I don think market will respond much to decrease profit from kesm, most big counter profit is reduced this year, not suprise, but if they can’t maintain nxt qr then their share price will be consider high/expensive.

Tomorrow limit down again? The future is really really DARK.

Posted by noah > May 31, 2018 10:41 PM | Report Abuse
https://www.facebook.com/kementeriandalamnegeri/posts/1933906523296638

"Selepas tarikh ini, semua urusan dengan vendor-vendor yang dilantik sebelum ini akan ditamatkan. Tiada lanjutan tempoh akan dibenarkan. Orang ramai dan majikan boleh berurusan terus dengan JIM bagi semua jenis perkhidmatan untuk penggajian pekerja asing."

Potential limit down stock

Felicity failed at Poweroot, Ekovest, MRCB & WCE. Mostly all his choices of stocks since the beginning of 2017 until now failed terribly.

Felicity is good in writing articles but REALLY BAD in investment choices.

DO NOT SELL WCE, Airasia and Ekovest
http://www.intellecpoint.com/2017/04/do-not-sell-wce-airasia-and-ekove...

Sold some Insas and Bought Power Root
http://www.intellecpoint.com/2017/04/sold-some-insas-and-bought-power-...

Icon8888 lost his touch since last year, almost all koyak

To whom? O, sorry for your quick admission, I don't mean you.

Utterly zero value comments from Calvin, kaki kong kaki song

haha, saw there was fantastic improvement YOY results, then only realised the improvement was loss reduced, rubbish

From Profit Margin at as high as 29% to now only 1%, it does not deserve to have such extremely high valuation. Tomorrow if limit down is not surprise.

Aidui, the boss will use his product to cover his face after work, no face to see

Good result

Another limit down stock tomorrow?

I think OTB was right to have his TP achieved, nothing to argue about it.

If one sold at 17.83, he must be the one who laughing to the bank.

Insider eat meat outsider eat dust
Insider run away outsider die die

Should be very bad, sigh..........

If really want to check, SC should be able to get these people, but SC never do their jobs, rubbish SC

This one also gone case

I thought ICON8888 & ERKONGSENG worked very very hard in promoting this stock, where were they last 2 days?

Idiotic move, encourage young generation to default what they supposed to pay.

Now I realised this erkongseng like to talk misled things, he never want to know the fact but kept spreading false news.

Gkent has NEVER had 5.6bil projects in hand, please go read this, unless someone pretending blind OR HE IS STUPID:

https://klse.i3investor.com/files/my/blog/img/bl2751_gkent_comments.jp...

erkongseng 许多股友被驚嚇了，哈哈哈！mrt3.hsr或迟些ecrl的项目都不在56亿订单内，水表从不倒走滴。昨天的血冼RM1.12相信己是近期最低价了。历史不走回头路，向前看到阳光！
31/05/2018 12:40

Oh, talk positive is informing, talk negative is misleading others?

What the hack on this logic? Dalam kepala tu otak cacing keh?

I see the points in Sami_Value but I am not sure how true on what he said, anyone can argue on his points?

BUT SAID YOU ARE HAPPY TO HAVE A WATER METER INSTALLED IN YOUR HOUSE, WHAT THE F_CK OF THIS RELATED TO INVESTMENT?

erkongseng 家里是时候裝个水表了！幸福呀。
31/05/2018 13:42

allenroy why so negative.....mis inform others
31/05/2018 14:31

Is worse over? Ask yourself this:

What is the chance to have better future?
What is the chance to get worsen future?

Find facts to support each & you will still have to ask yourself finally, worth to go? Any other better option?

¯\(°_°)/¯ I really don't know what you tried to say

stockintalk All is si Muka Pucat posted , KLCI KING.
Not calvinharris as I know cos read carefully above useless info.
31/05/2018 05:53