Mega projects such as ECRL, MRT3 and HSR high probability will hastened.

45 cent dividend, 讲是好听.

bo lat (skrg tak cukup tenaga)

https://www.edgeprop.my/content/1212273/designs-hsr-stations-revealed

http://www.enanyang.my/news/20171012/%E8%81%94%E6%89%8B%E8%A5%BF%E9%97%A8%E5%AD%90%E7%BB%84%E8%B4%A2%E5%9B%A2br-%E4%B9%94%E6%B2%BB%E8%82%AF%E7%89%B9%E7%AB%9E%E6%A0%87%E9%9A%86%E6%96%B0%E9%AB%98%E9%93%81/

http://www.theedgemarkets.com/article/singapore-introduces-bill-support-klsingapore-hsr

LRT3 takes off

Hosts briefing. We attended GKent’s 2QFY18 results
briefing last Friday which was represented by Mr Bernie Ooi
(Executive Director), Mr Phoon Hee Yau (GM Strategy) and
Mr Ong Kum Weng (Finance Manager). To recap, core
earnings (ex. forex) for 1HFY18 came in at RM45m which
was within expectations at 44% of our full year forecast. We
expect a stronger 2H which is traditionally stronger and
management concurs with this view.

LRT3 awards have commenced. Management shared that
several awards for the LRT3 have taken place since mid-
2017. These include (i) 9 out of 18 infra packages and (ii) 6
out of 8 systems packages. To speed up construction time,
project owner Prasarana has requested for an elevated
option to potentially replace the tunnelling segment (c.2km
out of the 37km line). Overall, management is hopeful to get
all of the contracts dished out by 1Q18.

Thus far, GKent has
yet to book in any PDP fees (6%) for the LRT3. With several
contract awards dished out since mid-2017, management
guides there could be some PDP fee recognition in 2HFY18.

Gunning for more rail jobs. Management indicated that it
is has submitted proposals to main contractor CCCC to
undertake a portion of the ECRL (RM55bn) systems works.
For the HSR (RM60bn), GKent (together with a foreign JV
partner) is currently eyeing on the Assets-Co role which will
be responsible for the design, build, finance operate and
maintain the rolling stock and rail assets. Should this not
materialise,

GKent will then try to participate at the
engineering level focusing on the systems works.

Cash pile plans. GKent’s net cash position now stands at
RM395m. Management plans to utilise the cash for the
following:
(i) working capital for future rail jobs
(ii) higher dividends and (iii) M&A for the metering division which
targets companies with presence in Europe and US to
expand its reach which is now mostly centred in Asia.
Risks Any possible delays in the LRT3 would be the key risk.
Forecasts

Unchanged as the briefing yielded no surprises.
Rating Maintain BUY, TP: RM3.75 GKent is a key rail play with exposure to the LRT extension,
LRT3 and MRT2.

We believe it is in a prime position to
participate in upcoming mega rail projects such as the ECRL
and HSR. It also boasts solid financials with above industry
ROE of 24%, 3 year projected earnings CAGR of 12% and
net cash position of RM0.70/share (23% of market cap).

GKent remains our top pick in the construction sector.
Valuation Our SOP based TP of RM3.75 implies an ex. cash P/E of
17x and 15.1x respectively for FY18-19.

乔治肯特
21 cent with PE 15=RM3.15
21 cent with PE 16=RM3.36
21 cent with PE 17=RM3.57
21 cent with PE 18=RM3.78
21 cent with PE 19=RM3.99
21 cent with PE 20=RM4.20

Yesterday I read in Facebook.
The Writer seem Keep Updating GKENT.
(I shared to u all, not matter traders or investors )

https://mygeorgekent2018to2024futuretolookinto.wordpress.com.

乔治肯特已成为国际性的股.

I WILL KEEP TIGHT GKENT.

http://www.thestar.com.my/business/business-news/2017/09/28/george-kent-posts-stronger-q2-earnings/

Reread 6 JUNE 2017 until 20 SEPTEMBER 2017.
Reread 1st Qr. Report Fy2018 and Anual Report too.

Yup, and dun forget Mlglobal too, optimus9199.

原来,在15 September 2017 after lunch time 开始那一段时间，忽然发生的涨潮是一个涨潮征兆。

This point I also got think before, ck77.
But, In my opinion, Possibility wrong key in and fat finger reason Not High.

Who sapu large share on 15 September ?
Possibility not only is A Fund buy, but perhaps is a rich retailer.
I guess only.

http://www.thestar.com.my/business/business-news/2017/09/12/bids-for-singapore-kl-high-speed-rail-project-wide-open/

This is second time Gkent won 650,000 water meter jobs.
This is also the biggest water meters job SECURED after 600,000 water meters to WSD in 2015.

WATER METERS JOBS MUCH HIGHER EARNING THAN CONSTRUCTION JOBS.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5540201