Solarvest bags RM142 mil EPCC job for 30MWac solar plant in Kedah
KUALA LUMPUR (Nov 21): Solarvest Holdings Bhd (KL:SLVEST)’s wholly owned subsidiary Atlantic Blue Sdn Bhd has been awarded a RM142 million engineering, procurement, construction and commissioning (EPCC) contract from SM01 Sdn Bhd, a special purpose vehicle (SPV) in which the group owns a 33% stake.

In a filing with Bursa Malaysia on Friday, Solarvest said the contract is for the construction of a solar photovoltaic energy generating facility in Gurun, Kedah, with a capacity of 29.99 megawatts of alternating current (MWac).

SM01 is an SPV established to carry out the project under the Corporate Green Power Programme. Besides Solarvest, the other shareholders are Shizen Malaysia Sdn Bhd with a 49% stake and HSS Engineering Sdn Bhd with 18%.


The contract is conditional upon the project getting the approval from the Energy Commission and/or single buyer, and the successful registration of SM01 as a participant in the New Enhanced Dispatch Arrangement (Neda) for the purpose of the project on or after Jan 30, 2025.

SM01 and its offtaker(s) must also execute a corporate green power agreement. The lease over the land(s) earmarked for the project must be duly registered with the relevant land registry on or before June 15, 2025.

https://theedgemalaysia.com/node/735086

US Fed rate cut announcement on next Wednesday midnight (America Tuesday Sept 17, 2024), hopefully won't impact that hard so finger cross.

Internal issue fixed, whole biz back on track.

Qtr result seen not really impress but at least the profit in positive (+RM241k).

Tudio... Natgate punya Qtr Result damn nice, Revenue RM679.71M (Profit RM28.5M) & somemore giving duit angpow RM0.0025 (Exp 12 Sep).

According to AGM today is vote to solve their internal issue but after all have to see the youngest bro how to perform & manage the company d. Biz order is sure there but just don't disappointed us becoz of their internal war affect the company grow.

Can not lar, battery still in demand. Just EV market going to die soon but Hybrid Era is coming soon.

No loh, wasting time & carpark money. Don't want to see their family "Circus Show".

Wao... Closing at RM0.640, not a good sign.

~~~ Nvidia’s new AI chip delayed due to design flaws ~~~
The Information reported, citing two unidentified people who help produce the chip and its server hardware.

The chips may be delayed by three months or more, which could affect Nvidia’s customers including Meta Platforms Inc, Google LLC and Microsoft Corp.

Nvidia this week informed Microsoft about a delay affecting the most advanced AI chip models in the Blackwell series, according to an unidentified Microsoft employee and another person.

The delays mean big shipments aren’t expected until the first quarter of 2025, The Information added.

A spokesperson for Nvidia wouldn’t comment on its statements to customers about the delay, according to the report, but told The Information that “production is on track to ramp” later this year.

Microsoft, Google, Amazon Web Services and Meta declined to comment to the publication, while a Taiwan Semiconductor Manufacturing Company Ltd (TSMC) spokesperson didn’t respond to a request for comment.
https://theedgemalaysia.com/node/721565

Today total share equal to 1,964 millions share, price will be open at RM0.055?

Yup... Profit drop RM1.05mil but revenue goes up RM3.218mil. ^O^

Nope... what I know is Malaysia Telco company keep upgrading (From copper cable to fiber-optic).

& Opcom Holdings Bhd has appointed Magnus Kreuger as independent and non executive director, the company said in a filing with the stock exchange.

The 63 years old Swedish national has over 30 years of financial, management and leadership experience in the global telecommunications industry.

Prior to his retirement, he was the president of cable & interconnect business at Ericsson AB.

>>> Last month, Opcom’s chairman and chief executive officer Tan Sri Mokhzani Mahathir was reported to have said that the company is eyeing for opportunities to participate in the government’s National Connectivity Plan (NCP). <<<

Read more at https://www.thestar.com.my/business/business-news/2018/10/19/opcom-names-former-ericsson-executive-as-director/#ILDtxjdLwAe7GBRv.99

KUALA LUMPUR: The government will implement the National Fiberisation and Connectivity Plan (NFCP) with a RM1 billion allocation to develop digital economy, said Finance Minister Lim Guan Eng.

He said the plan was aimed at developing broadband infrastructure in order to ensure effective spectrum distribution.

“In addition, high speed broadband services are targeted to reach 30 Mbsp in rural and remote areas within five years to enable Malaysia to achieve world-class infrastructure at affordable prices.

“The government will also enforce the Mandatory Standard Access Pricing (MSAP) which is expected to lower the price of fixed line broadband at least 25 per cent by the end of 2018,” he said when tabling the Budget 2019 in the Dewan Rakyat today.

https://www.nst.com.my/news/nation/2018/11/427660/rm1b-digital-economy...

Still need a lot more FIBEROPTIC cables for upgrading.

@Godiva, they din understand actually.

Mills in China’s top steel city boost output despite winter ban start
BEIJING/MANILA, Oct 18 (Reuters) - Steelmakers in Tangshan, China’s biggest steel producing city, are boosting output as local officials have failed to issue precise orders on output curbs even though the city’s winter pollution restrictions took effect two weeks ago.

On Sept. 27, China’s Ministry of Environment and Ecology issued new winter anti-pollution plans that allowed provinces and cities to set their own industrial output curbs as a way to limit pollution, moving away from blanket cuts ordered last year.

Tangshan finalized its own winter plan on Sept. 19 that would put companies into four categories based on their emissions output with the companies having to cut their output by between 30 percent and 70 percent based on the category they fall under. The plan will run from Oct. 1 to March 31, 2019.

https://www.cnbc.com/2018/10/18/reuters-america-mills-in-chinas-top-steel-city-boost-output-despite-winter-ban-start.html

[July 10, 2018 19:51 pm] Minister says LRT3's cost has jumped to RM31.45b, not feasible unless drastic cut made

The latest cost estimate is significantly higher than the RM15 billion cited in recent news reports. The original estimate when the project was launched in 2015 was RM9 billion. He added that the finance ministry will not support any additional funding required for the project unless the cost is "significantly rationalised without compromising on the integrity of the rail network as well as the safety and the quality of service provided".

http://www.theedgemarkets.com/article/minister-says-lrt3s-cost-has-jumped-rm3145b-not-feasible-unless-drastic-cut-made

Yar... Warrant A boleh tikam dalam tanah d. R.I.P.

Aiya... warrant now just left RM0.01 only, as I think pimai sudah tak ada value d so wait another few days & see how (Last trading still hav 6 days left) but mostly case they won't goreng much.

Is ok for owned mother share but for the GBGAQRS-WA dunno d.

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES GABUNGAN AQRS BERHAD ("GBGAQRS" OR THE "COMPANY") PROPOSED BONUS ISSUE OF NEW GBGAQRS WARRANTS ("WARRANTS B") ON THE BASIS OF ONE (1) WARRANT B FOR EVERY FOUR (4) EXISTING ORDINARY SHARES IN GBGAQRS HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF WARRANTS")

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5834989

Brahmal punya pasal lah, dia lah kasi turun.

The Warrant bye bye d.

@kaikai010, Thank you for sharing.

Customer: SMPP (Syarikat Muhibah Perniagaan Dan Pembinaan Sdn Bhd)
Project Cost: RM60,220,859.97 (Est.)
Contract: Build Toll Plaza Building and Motorcycle Lane Works
Project Start: 25 June 2018
Project Complete: 24 February 2020 (Est.)
Financial Effects: Q4 2018 until Q4 2020

Wah... sui sui neh.

@Spyron_09, u hav to try luck d. I did top-up a lot at 0.015 that day wen the mother share start goes up.

June 10, 2018_ECRL project owner: Information in weekly's report 'incorrect and misleading'
[Highlight] In the story, The Edge wrote: “The ECRL contract comes with a clause requiring CCCC (China Communications Construction Co Ltd) to nominate a company unrelated to it to buy 70% of PPB (Putrajaya Perdana Bhd) for US$244 million as well as 90% of Loh & Loh for US$71 million."

The Edge also said that both companies (PPB and Loh & Loh) are linked to Jho Low. Low is currenly being sought by Malaysian authorities for probes into the 1Malaysia Development Bhd scandal.

Meanwhile, MRL also said that the "ECRL has made 14.33% in the overall progress of its construction which includes setting up of base and satellite camps in all eight sections of the project, land acquisition, site clearing and construction of road access".

"Multiple road access totalling some 95 kilometres in length and temporary bridges spanning 1,067 meters have been constructed at many of the ECRL project sites in the East Coast states," it said in the same press release.

"As of now, the construction works for seven tunnels in various parts of the rail alignment in Pahang and Terengganu have commenced," said MRL.

https://www.edgeprop.my/content/1378059/ecrl-project-owner-information-weeklys-report-incorrect-and-misleading

June 10, 2018 18:24 pm_ECRL project owner denies Jho Low-linked deal
http://www.theedgemarkets.com/article/ecrl-project-owner-denies-jho-lowlinked-deal

Actually this ECRL is not using by us mostly, it's convin for China to deliver their items. How many passenger per day from Kelantan & Terengganu wanna take train to KL or Port Klang?

The solution is renegotiate the project cost, revise the contract with new terms & conditions.

[2018-0606_11:00am] RM22 billion to cancel ECRL
NEARLY 20% of phase one of the controversial East Coast Rail Link project is completed.

The RM66 billion rail link is from Kelantan to Port Klang has been singled out by critics as the mega project Malaysia cannot afford.

But if the Pakatan Harapan government terminates the project, it will have to pay about ‎RM22 billion in compensation and penalty charges.

Documents sighted by The Malaysian Insight ‎reveal the compensation package includes payment to suppliers, dismantling costs, the loan principal, interest charges and committed orders for supplies and services.


Any dispute over the compensation amount is likely to be settled through arbitration, a process that could take several years.

Even more onerous is the contract with Exim Bank of China. The loan with the financial institution has no termination clause and termination of the contract results in a default of the loan that needs to be repaid within 30 business days.

Exim Bank is providing 85% loan financing for the ECRL project with the rest provided by local banks through sukuk financing.

The new government has voiced its misgivings about a clutch of infrastructure deals signed between the Najib government and Chinese companies. Their chief complaints are that the inflated pricing of these projects and its usefulness for Malaysia.

The Mahathir administration's approach is to terminate as many of these lopsided contracts as possible.

But in recent days, influential voices have sought to use more cautious language when discussing infrastructure projects by Chinese companies.

Daim Zainuddin, the chairman of the Council of Eminent Persons, said business contracts with China would be dealt with diplomatically.

"China is very important to us. We enjoy very close relations, but unfortunately under the previous administration, a lot of Chinese contracts are tainted, difficult to understand and the terms are one-sided, " he told The Star.

Daim has opened lines of communication with the Chinese ambassador, Bai Tian, saying any cancellation or review of the project would be handled through diplomatic channels.

On its part, the company behind the ECRL is preparing best and worst case scenario projections for the Malaysian government. – June 6, 2018.

https://www.themalaysianinsight.com/s/52833

Lucky yesterday top up

Today no GST, buy more.

* HSR: 335km (Terminate: May 2018)
* MRT-3: 16.9km (Terminate: May 30th, 2018)
* LRT-3: 37km (Din mention in the meeting so far)
* ECRL: 668.3km (Costing will to revise BUT if the costing unable to REVISE? ^O^)

China envoy says no changes in ECRL so far
KUALA LUMPUR (May 26_22:59): No changes have been made to the East Coast Rail Line (ECRL) project so far, said China’s Ambassador to Malaysia Bai Tian.

He said the project had started and ran smoothly, with its main contractor, China Communications Construction Company Ltd working closely with its owner, Malaysia Rail Link Sdn Bhd.

http://www.theedgemarkets.com/article/china-envoy-says-no-changes-ecrl-so-far

US and China agree to abandon trade war
http://www.france24.com/en/20180520-us-china-agree-abandon-trade-war

No choice, now need to wait for good news to pull it up d but I don't think is recently loh.

2018-0514_14:00: Gabungan AQRS says ECRL, Pan Borneo doesn’t affect order book
Highlight: This was despite a decline in quarterly revenue by 19.79% to RM127.49 million, from RM158.94 million a year ago, in the absence of land sales revenue amounting to RM90.4 million.

Ref:-
http://www.theedgemarkets.com/article/gabungan-aqrs-says-ecrl-pan-borneo-doesnt-affect-order-book

Really need to wait another 5 years d.

Wahahaha... is looks like shit during open market. ^O^

First Solar 1st delivery order was on Feb 12th, 2018 so I will just wait for quarter result end of this month.

As new gov mention after the GE14 that they will build more affordable housing in future. Please read carefullly those PR1MA project is not owned by jibby & is owned by "Perbadanan PR1MA Malaysia" under the Ministry of Housing and Local Government.

On Going project for PR1MA:-
PR1MA Gambang, Kuantan
Project Value (RM) : RM 424 million
Construction Period : 36 Months
Developer : Perbadanan PR1MA Malaysia
Main Contractor : Gabungan Strategik Sdn Bhd

Up Coming project for PR1MA:-
PR1MA Putra Perdana, Selangor
Project Value (RM) : RM314 million
Construction Period : 36 Months
Developer : Perbadanan PR1MA Malaysia
Land Owner : AQRS The Building Company Sdn Bhd
Main Contractor : Gabungan Strategik Sdn Bhd

2018-0510_1757: Malaysia may renegotiate some deals with China — Mahathir
http://www.theedgemarkets.com/article/malaysia-may-renegotiate-some-deals-china-%E2%80%94-mahathir

2018-0510_1757: Malaysia may renegotiate some deals with China — Mahathir
http://www.theedgemarkets.com/article/malaysia-may-renegotiate-some-deals-china-%E2%80%94-mahathir

Wait for the quarter report came out end of this month.

Big offer coming.

Gabungan new project cepat annouce lar.

2018-0502: The consortium of Gamuda Bhd and Malaysian Resources Corp Bhd (MRCB) is the PDP for the northern package of the project. Meanwhile, the southern portion’s PDP was awarded to the consortium YTL Corp Bhd and TH Properties Sdn Bhd.

Read more at https://www.thestar.com.my/business/business-news/2018/05/02/mrcb-gamuda-jv-accepts-letter-of-appointment-for-northern-section-of-hsr/#aYlSYCru2mmT7m1u.99