this article reveals that the project is largely a overbuilt failure. a temple to unchecked greed.

glad they are still maintaining it though!

fake news.

hahaha. why not? better for your health to avoid this junk!

52.6% C Pass!

Padu Berjaya!

@beinvested

If you use gold as a long-term measure, then in 1999, 1oz around 30,000JPY. Now (25 years later) it is 1oz to 360,000JPY.

Yes! The ringgit is over-supplied especially to contractors and civil servants. The government keeps investing in non-productive assets e.g. bailouts (90s) to white elephant projects like MRT and TRX that will not be able to recoup investment - unless ringgit is depreciated to RM20 to USD.

It is a vicious cycle- even Malaysian companies earning ringgits will not convert. Why? Guarantee MYR to decline further so convert only when necessary!

Of course the ringgit will open lower.

BNM is so scared they put a RM20,000 limit on TransferWise(Wise) accounts.

Maximum Holding Limit Users in Malaysia can only have a holding limit of up to RM 20,000 in Wise accounts and applies to all currencies held. If the remittance exceeds RM 20,000, the user needs to withdraw the amount that exceeds the limit to the bank account and Wise gives up to 7 days to withdraw the excess money. The user’s Wise account will be frozen if the withdrawal of the excess money is not done within the specified period and the account is reactivated after the user complies with the specified amount in accordance with the provisions of Malaysian law.

They are so s.tupid - thinking that this will stop the ringgit slide!

The bank know how much money is leaving Malaysia. Supply and demand. That's why the rate is RM3.5++ to the SGD.

If the MY government does not demonstrate any fiscal responsibility the market will punish it via high inflation and weak ringgit.

PS how many cash handouts so far by PMX, MADANI this, MADANI that?

"beyond pmx's control"???

RM90 Billion development budget in 2024 - External factor isit? Not in PMX control isit?

Are you sure you are an engineer?

Dun worry - waiting for RM5 and then RM6 and onwards.

Its coming... to a cinema near you!

Why be bothered with RRR issues and politics/politicians? Its all a convenient distraction.

Got to pay attention to yourself and investments. Don't waste time with unnecessary "NEWS" used to manipulate simple-minded ppl.

Position yourself for extremely painful high inflation.

There is too many billions of ringgit leaving the country through SG, just like our high skilled human resource!

Keep chatting about Socks and Shoes with certain things written to distract everyone from real issues.

unconstrained credit = > compress loans (multiple financing), 100K - 200K "Cashback", student loans, credit card debt, Budget 2024 RM90 billion development expense = very high inflation.

1gram of Gold = RM360

Better to measure against GOLD than USD.

Fasten your seatbelts boys and girls!

D(Demonstrating) A(Aptitude) in P(Property) => DAP

DAP is the property developers party. Wake up already.

The amount of propaganda in the fake news media is outrageous.

send everyone to SG, HK & JP for shopping ah....

@calvintaneng why are you yelling in all the forum room?

1) stock has found a bottom. now is the time to buy (if so inclined)

2) you can't sell what you don't own.

3) no one cares about dividends in bursa.

be careful. don't get stuck/trapped in this counter like Insas ....

slumping!

a lot of ringgit propaganda. 335MYR per gram of gold at the moment!

Just the level of lying and mass murder of these israeli jews is unbelievable.

go to sendai (5205) forum and read the comments there over the last week for more examples.

but it is true. this is anecdotal case: project manager at pilot group (construction) openly announces to everyone on the site he is a racist. also lie to prospective employees about wages and retain passport of foreign workers - then slash wages.

go ahead and try. kiwis are a weak vassal - just do as uncle sam tells you.

no media publishing but current spot rate today 21/03/2024 is RM333 per gram of gold.

the media gets lazy and keeps reprinting the same captain obvious material from time to time.

if you dare - go ahead. more action - less talk please.

That is a natural and logical reaction to a collapsing ringgit. Good business sense. It also means your you reduce your ringgit cost base (salaries especially). Fantastic.

Clearly the govt knows this is also loves the depreciating MYR as it reduces ringgit denominated civil service emoluments and pensions. This is how Malaysia plans on solving the revenue gap without increasing the tax base.

a pair of socks? news article? boycott? sultan angered? 🤣🤣🤣🤣🤣

but china donkey mgmt manage to loose hundreds of millions of ringgit every quarter...so how?

look at Petron - can make profit and pay a dividend. is it so hard?

there also needs to be plentiful cheap electricity. no nuclear power station like Maanshan Nuclear Power Plant in Taiwan.

happy trading - just dun get stuck in value trap counters like insas! ;)

The Directors of the Company wish to announce that ECB’s subsidiaries in Kingdom of Saudi Arabia (“KSA”), United Arab Emirates (“UAE”) and India have secured new projects worth RM5.4 billion.


The Projects

In KSA, its subsidiary company, Eversendai Engineering Saudi LLC in collaboration with Albawani Company Limited secured the first structural steel signature building from NEOM for the Trojena Ski Village, NEOM’s year-round mountain destination. The scope of work consists of engineering, connection design, material supply, fabrication and installation of structural steel, precast and concreting, metal decking and fireproofing for the iconic mountain resort in Trojena’s Ski Village.

In UAE, its subsidiary company, Eversendai Mega Structure FZ LLC secured the structural steel scope for the Wynn Al Marjan Island Integrated Resort Development in Ras Al Khaimah which will feature a 1,500 rooms luxury hotel with world-class shopping, state-of-art meeting and convention facilities, bespoke restaurants and lounges, extensive entertainment choices and other amenities.

Its subsidiary company in India has secured two (2) structural steel projects which includes the Rupa IT Building and the Rupa Crystal IT Building.

With the above new projects, the Group’s current outstanding order book is RM6.6 billion, a record in ECB history.

*4 Projects*

One JV in Saudi Arabia ( Trojena’s Ski Village), one in UAE ( Wynn Al Marjan) and 2 IT buildings in India.

this company is making 75% NP margin. they aren't seriously vetting all that data.

more litigation on the cards unless CEO Hamburger can figure out a way to check the freshness of his financial ingredients!

in bursa it pays to look for beaten down counters (even loss making), rather than stagnant value traps.

you know what's funny? more people made money in sendai over the last week than insas traders made in last year.

"It is now trying to move up the front end..."

That is well and good, however semiconductor manufacturing requires a plentiful supply of fresh clean water - which Penang does not have.

cool story bro...

if you have the money, buy Broadcom (AVGO) shares/options. Or Inari directly. Don't waste time with Insas.

Posted by otborangtuabodohh > Feb 28, 2024 8:28 PM | Report Abuse

Even KC Chong also promoted. In the end what happened ?

_______________________________________

what happened? it slumped as usual trapping the watefish.

nicely trapped the waterfish...

no one goin to kfc for years. it a dead place, like a&w. wake up lah...

https://www.thecoverage.my/5540/macc-raids-home-of-daim-associate-tan-sri-robert-tan-hua-choon

Tan Sri's bank accounts all frozen. Under MACC investigation. I wonder if they will approve another dividend. Will Casio still allow Marco to distribute when this scandal tainted individual is major shareholder?

no general erection. so who cares...

sadly hamzah, hadi and mahiaddin aren't reformers.

this is issue with and equally corrupt opposition.

all this a nice distraction from the collapsing ringgit.

ringgit is going to drop like a rock. quit BS-ing.

stealing billions is contribution is it?

you made your scandalous bed, now lie in it.

no one here buying this counter. only 12 pages of discussion. who are you guys talking to?

high time to go after daim and mahatir.

its too late to reassure. the damage has been done. SC and Bursa have no reputation to speak of anyway.