Dnex and Dnex warrant - setting trap again. You chase you got stuck later

Good result but why share down ?

Chairman’s Statement
Commenting on the Group’s performance, Chairman Tan Sri Dato’ Tan Kay Hock said:
“The Group has registered a set of credible second-quarter financial results and another strong first-half performance. Its Engineering and Metering divisions continued to perform amidst challenges in the operating environment.

“Going forward, the Group will continue to implement its Strategic Plan to broaden its income base. This will include investment of resources, both human and financial, into growing its Metering and other waterrelated businesses and investments. The Group is also on the lookout for Regional railway opportunities, whilst continuing to deliver on our existing order book.”

The Group’s order book, currently standing at just over RM5 billion

Commentary on prospects
The second quarter's results are credible in spite of the progress of work being affected by the
restructuring of the LRT3 project. Negotiations are ongoing to redesign the project, and construction is anticipated to resume by second half of 2019

The Group continues to focus on its long-stated strategic plan to broaden its income base by channeling substantial resources to further expand the Metering business. The Metering business contributes substantially to the Group's profit, and now exports to over 40 countries around the world.

The Group’s order book, currently standing at just over RM5 billion, will continue to provide earnings visibility over the next few years. The Group is also continuing to explore opportunities in the Regional railway space, leveraging on the expertise it has cultivated through its participation as the rail systems specialist in past domestic MRT and LRT projects. The Group’s extensive network with global rail specialists stands it in good stead for projects that require international collaborations through joint ventures or other forms of strategic alliances.

Later when PH got some share in MRCB and Gkent, only then share price will fly high.
Like MYEG, some say PH got some share and start give MYEG more jobs. MYEG share fly high.

Game Over.....Everyone asking for lower price and better speed.
In future lower revenue and lower profit margin.
USD vs RM 4.14 = more Forex loss

Foreign fund coming in. Gkent one of their target.

Falling knife.

My advise is sell TM and buy Gkent and MRCB better.

My advise is sell Gamuda and buy GKent and MRCB better.

long term....Game Over

amzarb44......if u got reliable insider news ? Please kindly share.

https://www.theedgemarkets.com/article/mrcb-kl-sports-city-rejuvenation-gets-award-nomination

https://klse.i3investor.com/blogs/shafasharing/172472.jsp

Cash and bank balances RM510 mi
Total borrowings RM56 mil

CASH RICH COMPANY.

Once break 1.40, then go all the way up with good results.

Dnex acquire 30% of share in Ping petroleum. Which Ping petroleum in joint-venture with Hibiscs

what is GP ?

Result coming out soon. Hopefully continue with Dividend 3 times a year.

When the Unifi and Streamyx price go down, meaning that revenue and profit margin will go down.
So expect less dividend in coming year.

I want down grade my Unifi to cheaper price. A lot of my friends also planning to down grade to save cost.

With current USD 4.14, expected another huge forex loss next quarter results. USD has to be below 3.8 only can cover forex.

USD vs RM= 4.14

I've met the boss, he is young & intelligent. But running a company is not that simple and getting market share is tough. If I can know their plan and forecast for next 2 years. I will consider buy back.

GKent use to be above RM4 before May Election.

KUALA LUMPUR: The light rail transit 3 (LRT3) project, which risked being shelved as a result of its cost rising by more than three times, is expected to resume in November with a reduced budget and revised plans, sources say.

The cost of the LRT3 project was initially tagged at RM10bil. It was subsequently revealed that the initial costs were somewhat misguided as certain costs were not taken into consideration, and on summing up the total costs, the figure had ballooned to RM31.65bil.

Sources also said that there will be no change in the project delivery partner (PDP) which cements the joint venture between Malaysian Resources Corp
image: https://cdn.thestar.com.my/Themes/img/chart.png

Bhd and George Kent Bhd (MRCB-GK).

“George Kent will continue to be part of the PDP. There is no change,” said a source.


Read more at https://www.thestar.com.my/business/business-news/2018/09/17/lrt3-set-to-continue/#Ust45YSI8ISd3tlk.99

KUALA LUMPUR: The light rail transit 3 (LRT3) project, which risked being shelved as a result of its cost rising by more than three times, is expected to resume in November with a reduced budget and revised plans, sources say.

The cost of the LRT3 project was initially tagged at RM10bil. It was subsequently revealed that the initial costs were somewhat misguided as certain costs were not taken into consideration, and on summing up the total costs, the figure had ballooned to RM31.65bil.

Sources also said that there will be no change in the project delivery partner (PDP) which cements the joint venture between Malaysian Resources Corp Bhd and George Kent Bhd (MRCB-GK).

“George Kent will continue to be part of the PDP. There is no change,” said a source.


Read more at https://www.thestar.com.my/business/business-news/2018/09/17/lrt3-set-to-continue/#Ust45YSI8ISd3tlk.99

The problem is no body know their order status for the next 12 months. So the risk is 50 / 50.
Depending on luck.
Not like other electronics company they always share with shareholder their sales projection for next 1 to 2 years.

Watch out for closing price, sometime last minutes throw down very fast for the past few days.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5917373

Anyone got any friend working in Gkent, ask them about coming Q2 result ?

profit taking....next week after profit taking can go higher.

Anyone know why Gamuda keep on going down ? Please advise.

https://klse.i3investor.com/blogs/PublicInvest/174494.jsp

TM (Neutral: TP: RM3.83): New unifi 100Mbps plan at RM 129 per month. Telekom Malaysia (TM) has introduced the new unifi 100Mbps plan at RM129 per month, a broadband experience with unlimited usage, access to unifi PlayTV packages and free 600 minutes of voice calls. unifi executive vice president Imri Mokhtar said the company had recently on July 12, 2018, announced plans to upgrade its existing unifi home customers to higher broadband speeds, so that they could enjoy the better experience a higher speed broadband can offer. (StarBiz)

RUN......Contra gain in 2 days. Up too fast already

TM need to close above 3.20 in order to go up higher.

Must break 1.40 today in order to go higher. Friday 1.50
Next week 1.55

sarah......meaning that at the moment you do not have any MRCB shares.
at 0.35...... you have to wait long long.

sarah.......do you have any MRCB shares ?

What wrong with Dnex ?

KUALA LUMPUR: The light rail transit 3 (LRT3) project, which risked being shelved as a result of its cost rising by more than three times, is expected to resume in November with a reduced budget and revised plans, sources say.
The cost of the LRT3 project was initially tagged at RM10bil. It was subsequently revealed that the initial costs were somewhat misguided as certain costs were not taken into consideration, and on summing up the total costs, the figure had ballooned to RM31.65bil.

Sources also said that there will be no change in the project delivery partner (PDP) which cements the joint venture between Malaysian Resources Corp
image: https://cdn.thestar.com.my/Themes/img/chart.png

MRCB and George Kent Bhd (MRCB-GK).

“George Kent will continue to be part of the PDP. There is no change,” said a source.


Read more at https://www.thestar.com.my/business/business-news/2018/09/17/lrt3-set-to-continue/#OYbp1X5sP59xRzhJ.99

KUALA LUMPUR: The light rail transit 3 (LRT3) project, which risked being shelved as a result of its cost rising by more than three times, is expected to resume in November with a reduced budget and revised plans, sources say.
The cost of the LRT3 project was initially tagged at RM10bil. It was subsequently revealed that the initial costs were somewhat misguided as certain costs were not taken into consideration, and on summing up the total costs, the figure had ballooned to RM31.65bil.

Sources also said that there will be no change in the project delivery partner (PDP) which cements the joint venture between Malaysian Resources Corp
image: https://cdn.thestar.com.my/Themes/img/chart.png

Bhd and George Kent Bhd (MRCB-GK).

“George Kent will continue to be part of the PDP. There is no change,” said a source.


Read more at https://www.thestar.com.my/business/business-news/2018/09/17/lrt3-set-to-continue/#OYbp1X5sP59xRzhJ.99

https://klse.i3investor.com/blogs/PublicInvest/173651.jsp

TP : 3.50

Look like the support is there. Tested so many round.
If next quarter result good and with Dividend. Can break 3.50 anytime.

Share buy back mean management team is confident with company future performance and company is cash rich. So my recommendation is BUY.

TM future revenue should remain almost the same as most people are lazy to change and they don't want to change their business phone number.

I hope share buy back again during closing......eat all

Company is too small with headcount around 250.
Don't know their order status, only insider know. So very hard to predict.

sarahdeaton....do you have any MRCB shares ?

Early last year 2017 I bought a lot around 30 sen then continue buying until 60 sen. Average still around 44 sen before Bonus Ex date. Sold all last month after Bonus Ex date at 42.5 sen.