Late comer no worry later buy at higher then drop can perform cut loss action .....

congratulation who bought at rm 1.13 yesterday.....

must congregate ma , they bought rm 1.2 successfully cut lost at rm 1.1+.... early cut loss is gain

11km underground portion

MRT Corp reduced the underground portion to 11km — or 21% of the 51km line — from previous estimates of about 20km.

The MRT3 map shows that there will be two underground tunnels, from Bukit Kiara to Jalan Kuching, and a shorter one from Bukit Kiara South to Universiti, in the Pantai area.

In an emailed response to questions by The Edge on why MRT Corp opted for elevated as opposed to underground stations, the Ministry of Finance-controlled entity explains, “The construction cost of the underground section is generally two to three times (depending on the geology) higher than the cost of the elevated section.”

Other than RM31 billion in construction costs, MRT Corp is also setting aside about RM8 billion for land acquisition.

The National Land Code (Underground Land) (Minimum Depth) Regulations 2017 was expected to considerably reduce costs, but it is not clear if this has been the case.

Under the regulation, the depth after which an acquisition need not be undertaken is 6m for agricultural land, 10m for building land, and 15m for industrial land. Under the new National Land Code, while the requirement for land acquisition in underground developments was removed, a compensation payment was made mandatory.

Replying to a question on the use of the National Land Code to reduce costs, MRT Corp says, “For the underground portion, the project still needs to acquire the land below the minimum depth. In Kuala Lumpur, the land below the minimum depth will be acquired as stratum title. Compensation must still be paid to landowners for limiting their land use beyond the minimum depth.

“The valuation process will be carried out by the Jabatan Penilaian dan Perkhidmatan Harta Kementerian Kewangan Malaysia (Valuation and Property Services Department).”

The Edge understands that the compensation payments for the use of land below the threshold depth could amount to as much as 60% of the acquisition value, which may have discouraged MRT Corp from taking this route.

There has been much scrutiny over the MRT construction costs ever since the Pakatan Harapan government managed to slash the overall costs by RM8.82 billion to RM31 billion. The above-ground or elevated portion itself was slashed by 23% to RM17.42 billion from RM22.64 billion.

There have also been comparisons lately to the tunnelling costs for the Light Rail Transit Line 3 (LRT3) project, which stretches from Johan Setia to Kayu Ara. The cost is considerably lower for the latter, albeit with different specifications and a much shorter tunnel.



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To put things in perspective, cement and steel prices, which are key elements in construction, have risen substantially over the past few years.

The Ministry of International Trade and Industry (Miti) Weekly Bulletin listed steel bar prices at between RM3,200 and RM3,350 per metric tonne on March 11 this year, up from RM2,300 to RM2,400 at end-2020.

An analyst who covers the construction sector says that cement is now at about RM18 per bag or RM360 per tonne, compared with about RM10 per bag or about RM200 per tonne prior to the pandemic.

This raises the question of how Mass Rapid Transit Corp Sdn Bhd (MRT Corp), the project developer and asset owner of all the MRT lines, hopes to contain the construction costs for MRT3.

In a brief conversation with The Edge, MRT Corp CEO Datuk Mohd Zarif Hashim merely says, “You will see more stringent conditions. I will brief the industry in due course.”

The construction of MRT3 consists of five main packages — two turnkey contractors for elevated works, one for underground works, one for integrated rail systems, and one project management consultant.

The 46km MRT1 (also known as the Kajang line) runs from Sungai Buloh to Kajang. With 9.5km running underground, it cost RM21 billion to build and commenced operations in December 2016.

A joint venture company of Gamuda Bhd and MMC Corp Bhd handled the tunnelling jobs for both MRT1 and MRT2. Some say the JV is the front runner to clinch the MRT3 tunnelling contract as well.

The underground works package for MRT3 — covering 11km, with six stations — could amount to RM10.7 billion, or 34% of the total RM31 billion construction cost, according to an analyst. This is after taking into consideration the fact that the MRT1 underground portion of 9.5km with seven stations cost RM8.2 billion while MRT2’s underground portion of 13.5km with nine stations cost RM13.1 billion.

While there has been talk of an international open tender for the tunnelling portion, The Edge understands that a restricted open tender is being considered, with the possibility of foreign companies participating with local partners, either via a JV or some other working arrangement. However, there is likely to be a requirement that the local company have majority control or drive the partnership.

THE RM31 billion construction cost for the upcoming Mass Rapid Transit 3 (MRT3) Circle Line has come as a pleasant surprise. The amount is the same as that for MRT2, previously known as the Sungai Buloh-Serdang-Putrajaya line, for which construction commenced in September 2016 and is close to completion.

MRT3 will be 51km long, with 40km ­elevated and 11km underground. It will have 31 stations, 10 of which will be interchange stations. MRT3 will form a perimeter around Kuala Lumpur.

In comparison, MRT2 is 57.7km long, stretching from Kwasa Damansara to the federal capital of Putrajaya. It has 44.2km of elevated track and 13.5km running through underground tunnels. MRT2 has 36 stations, of which 27 are elevated and nine underground.

MRT3 coming ....Gkent go go go

Congratulation who come to bought at Rm 1.2 and cut losss now, thank you for your contribution to stock market..

Move on guys keep buying ....no need to bother other...

The time they play golf , the price should be rm1.5

No more seafood cover this counter ady, because seafood ady become steam seafood for other to cook and eat...

Bossku come back , first TP RM 1....

HOHOHOHOHOHOHO

China need to buy gloves from Malaysia and sell to US ....China GG

COVID-19 situation in China continues to heat up

The COVID-19 pandemic situation in China continues to heat up as more than 20 provinces and cities have imposed travel bans and lockdowns.

The pandemic situation in Jilin and Shanghai has deteriorated, and the situation of closed management and control has frequently been imposed to contain the virus, reported local media.

The situation in more than 20 provinces and cities including Jilin, Hebei, Guangdong, and Shanghai has deteriorated.

China GG, China need to buy gloves from Malaysia :

https://economictimes.indiatimes.com/news/international/world-news/covid-19-situation-in-china-continues-to-heat-up/articleshow/90381367.cms

Intco GG

China’s Gas Prices Surge to Record as World Grapples with Shortage

April Natural Gas Futures Fly Above $5 as LNG Exports Hover Near All-Time Highs

China glove GG

Oil and Gas price increase, China cost will increase , US will buy more gloves from Malaysia......

Harta TP 15 soon , buy when the day still young

ASp can increase if minimal wages rm 1500.... btw you are new to gloves sector.......Supermx ady up their salry to rm 1400 last month ......

Rm 1.18 , up to RM 2 = 60-80% ......where is the people who bought at Rm 6,5,4,3,2???

China Glove GG

If you able to hold for 2 years for 100% profit .....You are better than Warren Buffet ...RM 1 to RM 2.....easyily to win over the God stock ....However, simple math people cant think properly ...

You can sell now for chicken profit , but try think think about to win big also

If rm 1 invest Rm 1 million go uo to Rm 2 which mean 100% = Rm 1 million profit ...easy game...

RM 1 go to RM 2 the percentage of up is 100%....RM 5 go to RM 1 drop 80% .....do your math ....

Bye bye...

This is the Key point:

The Supermax facility in Texas will cater to at least 10-15% of annual medical nitrile glove demand in the U.S. over the next two to four years in the first phase alone. The second phase will follow closely, meeting 20-25% of demand and consumption in the U.S. over the next four to six years.

Once US ban lifted , easily close to rm 1.5

EPF cover short at 4.15-4.3......after cover almost 0.1% short shares they start to push to rm 4.7....now slowly release their tickets at range of 4.5-4.7 ........another round of down trend..

Becareful, Shark selling now ....they will push to RM 4 soon

Aiyo gloves can continue drop 1.5 years powerful...

Boss got around Rm 2000 million cash ..... 10 % share buy back which mean can buy 270 million share ....if one trading day boss buying 5 million shares , this mean boss can continue buying for 2 months....... after finish share buy back boss able to continue use his own money to buy for own....... Supermx boss win the game......Hoot gao eee kaki will hoot kao own leg...

RM 4.2 I'm very happy bought 1 st batch ...

Only one thing no up....salary .... If your boss cheating you saying company no profit then no increment for you...actually you money go in your boss bank...everything must up ....do not cheat by boss if your are work for people ..

Glove ASP will up , Revenue Up..... Net Profit Up....Stock price will Up....All this cause by inflation .....

Anxious: do not think you will loss opportunity.... in stock market everyday is opportunity .... you only need to catch 1 or 2 opportunity......

I heard Top 4 going to closed down soon.....in future Doctor use sanitizer to do operation ...

Early morning ady achieved Rm 4.3 ....very good....

I hope today able reach RM 4.4 ...end of week RM 4...

I hope can achieve my TP Rm 4 and Rm 3.5

new high oil price will not sustain for long ...within 1 month will collapse ...all manipulate by west

Loh KOk Wai W: you not sell during 9/2020?? why now only sell?? I should inform you to sell during 2020

today closing rm 4.55

Singapore government will not manipulate their market too over and kill their market .....only boleh land is hero ......

Riverstone Pre-covid prive SGD 0.4-0.5, now SGD 0.8-0.9 .....still up 100%...... Harta Precovid RM 6+ ....now Rm 4.5 ....highly manipulate by EPG (shorties)....once you see EPF buy becareful...

Armada my love ...go go go

I love this baby now...

Good move , finally today can reach Rm 6 .....Hopefully able to reach RM 4 by next month...