Sleeping Giant going wake up soon

Accumulate before too late.

Global chip equipment makers expect record US$60.1b sales in 2018

http://www.thestar.com.my/business/business-news/2017/12/13/global-chip-equipment-makers-expect-record-us$60pt1b-sales-in-2018/

SEMI forecasts US$55.9 billion sales in semiconductor equipment in 2017 [Goreng Goreng]

https://klse.i3investor.com/blogs/GorengGorengEE/141319.jsp

Waiting for the greatest good new.

Mild recovery is coming

Laggard will catch up later.

Long term growth counter. Be patient, time will come.

Accumulate

Later bobby159753 will talk “legal” , “pump” again ... haunting KGB forever

KLCI in bearish stage and most of counters will be affected.

Accumulate on weakness if you want to gain big.

During a bear market can be an opportunity to buy more counters at cheaper prices.

Good RocketHigh

CEO OF APPLIED MATERIALS CONFIRM EXPLOSION GROWTH IN SEMICON 2018 , AEMULUS WILL RIDE ON THIS GROWTH

Applied Materials President and CEO Gary Dickerson told CNBC on Friday that "there's never been a better time to be an investor" in his company in its 50-year history.

"We're firing on all cylinders," the CEO said. "That is fueling our business. That's something we've never seen in the history of our company."

In the era of A.I. and big data, Applied Materials sees several specific drivers contributing to its double-digit revenue and profit growth, Dickerson said.

The first is devices getting smarter. Sensor technology, memory power and data retention all fall in Applied Material's wheelhouse of products, giving it "fundamental" multi-year drivers, the CEO said.

"The memory business is also growing at a rate we've never seen before. All of these smart devices are creating a tremendous amount of data. Data's exploding," he told Cramer.

The profitability of memory companies is better than we've ever seen. And also, to really capture the value, you have to take the data and process it with high-performance computing. And the fundamental technology for high-performance computing and A.I., those materials come from Applied Materials."

Dickerson said that the smart device "explosion" will undoubtedly drive the semiconductor giant's revenue growth through 2018 and beyond.

2018 WILL BE BETTER THAN 2017 AND SEMICON WILL CONTINUE BE GROWTH

Goldman Sachs says if you thought 2017 was surprisingly good, just wait for 2018.

"2017 is shaping up to be the first year of the expansion in which growth surprises to the upside," Goldman analyst Charles Himmelberg says.

"We expect 2018 to deliver more of the same," Himmelberg adds.

Himmelberg and his team expect the global economy to grow 4 percent on a real gross-domestic-product basis because of several factors.

Fred Imbert | @foimbert
Published 7 Hours Ago
CNBC

bobby159753 will continue talking “legal”, “small company”, “pump

If Vizone can command triple digit P/E, Aemulus can be any PE. The market will determine the P/E for Aemulus.

Would you buy a high P/E for a Company with double digit growth in coming year or a Company with lower P/E with more losses in coming year?

Investment is betting on future and not historical numbers.

2018 WILL BE HISTORICAL HIGH IN BOTH REVENUE AND PROFIT FOR AEMULUS AFTER SUCCESSFULLY ENTER INTO CHINA MARKET


Prospects

Aemulus continues to create growth through innovation and leadership in the ATE markets for semiconductor devices. The launching of our new RF tester, Amoeba 7600-S combines our latest technology with scalability.

We believe that the technology is going to be able to serve the smartphone and tablet market well especially in the Far East region.

Based on the current business trend, demand for ATE from the smartphone and tablet segments as well as the enterprise storage segment is expected to continue into 2018.

The group is expecting revenue growth to further accelerate in fiscal year 2018, led by ATE sales growth in the Far East region with US region complementing it.

The financial results in fiscal year 2017 indicates that sales and marketing efforts in the Far East region were encouraging, achieving the target we established at the beginning of the fiscal year.

We shall continue the effort in fiscal year 2018 together with increasing sale and marketing effort in USA Region.

The group targets to achieve double digit revenue growth from the Far East in fiscal year 2018.

AEMULUS REVENUE WILL BE TRIPLE DIGIT GROWTH FROM CHINA.

FORBES , 9 Nov 2017.
China Looks To Chip Away At Taiwan's Semiconductor Dominance

China’s semiconductor industry, one that will make the core components of smartphones and PCs, is growing fast. If you said “hey wait, supplying semiconductors for consumer electronics sounds like more of a Taiwan thing,” you’d be right but outdated.

China’s semiconductor sector is thriving on investment from the Beijing government’s National IC Industry Investment Fund, Taipei-based market research firm TrendForce says in a media statement in October.

China already has the world’s biggest semiconductor market, so more work on components helps perfect a domestic supply chain and reduces reliance on imports.

Annual revenue from Chinese semiconductors this year will reach 517.6 billion yuan ($78 billion), up 19.4% over 2016, TrendForce forecasts. Revenue will grow 20% this year to a new record, the research firm says. Average growth worldwide is expected at just 3.4%.

“Numerous wafer fabs in China will be entering mass production during 2018, coinciding with the start of operation of many newly established domestic companies that focus on specific IC markets,” TrendForce says in the statement. A wafer is a semiconductor; a fab, a factory.

AEMULUS PENETRATED CHINA MARKET, HUGU POTENTIAL IN COMING YEARS

New initiatives in North Asia,China.

Revenue in China grew by 20% yoy in FY9/17, driven by a new customer win.

We expect China to be a key growth driver for the group from FY18 onwards following successful product penetration among Chinese semiconductor contract manufacturers in the past 18-24 months.

To recap, Aemulus set up a regional office for China and Taiwan last year as part of management’s efforts to be closer to its key clients.

Overall, we expect to see double-digit revenue growth again in the China market in FY18.

Aemulus launched its third-generation RF tester, the AE7600-S, in Sep 17.

We understand that the new RF tester is embedded with smart manufacturing software to support the industry 4.0 framework, which is expected to drive cost savings for semiconductor contract manufacturers.

We expect the new AE7600-S and existing AE4600 testers to drive volume growth for Aemulus in FY18.

Overall, we project 20% volume growth in FY18.

Aemulus Holding Berhad
Record-breaking dads in FY9/17
CIMB

Higher RF and enterprise testers demand in 4QFY9/17

Revenue in 4QFY9/17 rose 96% yoy to reach RM11.7m on the back of higher tester shipment volumes due to improving demand in the enterprise storage, smartphone and tablet (S&T) markets. As a result of higher operating leverage, Aemulus posted RM2.2m core net profit in 4QFY9/17 compared to a RM0.2m core net loss in 4QFY9/16.

Sequentially lower enterprise testers sold

4QFY9/17 revenue fell by 1.8% qoq due to lower enterprise tester shipment volumes following higher order completions in the previous two quarters. We estimate that the group sold two units of AE4600 testers in 4QFY17 vs. five units in 3QFY17. Overall, its core net profit in 4QFY17 fell by 20% qoq, after stripping out the unrealised forex losses of RM0.1m. As expected, there was no dividend declared in the quarter.

Record-breaking sales in FY9/17

Aemulus posted RM40m revenue in FY9/17, up 82% yoy, the highest revenue in the history of the company, driven by higher radio-frequency (RF) and enterprise tester shipment volumes on the back of new customer wins and demand recovery across the enterprise storage and S&T segments. Aemulus shipped 10 units of AE4600 testers in FY9/17 (vs. two units in FY16). Overall, Aemulus recorded RM7.6m core net profit in FY9/17 against a core net loss of RM0.9m in FY9/16.

New initiatives in North Asia beginning to gain traction

Revenue in China grew by 20% yoy in FY9/17, driven by a new customer win. We expect China to be a key growth driver for the group from FY18 onwards following successful product penetration among Chinese semiconductor contract manufacturers in the past 18-24 months. To recap, Aemulus set up a regional office for China and Taiwan last year as part of management’s efforts to be closer to its key clients. Overall, we expect to see double-digit revenue growth again in the China market in FY18.

Expect new AE7600-S tester to drive volume growth in FY18

Aemulus launched its third-generation RF tester, the AE7600-S, in Sep 17. We understand that the new RF tester is embedded with smart manufacturing software to support the industry 4.0 framework, which is expected to drive cost savings for semiconductor contract manufacturers. We expect the new AE7600-S and existing AE4600 testers to drive volume growth for Aemulus in FY18. Overall, we project 20% volume growth in FY18.

Aemulus Holding Berhad
Record-breaking sales in FY9/17
CIMB
*Higher RF and enterprise testers demand in 4QFY9/17*
Revenue in 4QFY9/17 rose 96% yoy to reach RM11.7m on the back of higher tester shipment volumes due to improving demand in the enterprise storage, smartphone and tablet (S

Revenue and profit increase by 96% and 215% as compare to previous corresponding quarter.

Full year FYE2017 , Revenue and Profit increase by 82% and 376%.

Earning per share increase by 377%

Coming Quarters will be good as mentioned in the quarter report.

Accumulate on weakness if any.

RHB♦INVESTMENT BANK

Dear My Valued Client,
*Technical Analyzer*
Date/日期 : 15/11/2017


AEMULUS (0181)
Price/现价           : .0.71
Target price/目标价: 0.75/0.80
Cut loss/止损价   : 0.64
**Syariah
Sector/领域: Technology


Source : RHB RESEARCH INSTITUTE

UOBKH

BUY with a target price of RM0.87 and stop-loss at RM0.595. Based on the daily chart, the share price managed to penetrate the breakout level of RM0.68 yesterday to keep the bullish momentum towards the all-time high of RM0.75. This is supported by an uptick in the RSI and DMI, which show that buying pressure has overcome selling pressure.

We peg our targets based on 1.38x and 1.61x Fibonacci Extension levels at RM0.825 and RM0.87.

Kenanga

AEMULUS (Trading Buy, TP: RM0.84; SL: RM0.58). AEMULUS gained 4.0 sen (6.4%) yesterday to close at RM0.67. This was accompanied by a sudden spike in volume, with 18.1m shares exchanging hands – representing almost 5-fold its daily average. Yesterday’s move marks as a breakout from its 3-month sideways consolidation, and could potentially signal a continuation of a prior uptrend which lasted from the start of the year until end-July. Notably, yesterday’s bullish run also confirms a “Penant” continuation chart pattern, characterised by its converging trend lines during its consolidation phase, followed by yesterday’s breakout. Likewise, positive showings from key indicators could be suggestive of a move higher from here.

By projecting the pennant’s flagpole, we set our eventual technical target at RM0.84, with an intermediate resistance at RM0.75 (R1). Conversely, our stop-loss level is placed at the RM0.58 (S1) support, with a lower support identified at RM0.57 (S2).

M

AEMULUS has experienced a breakout above the RM0.64 level with high volumes. The MACD Histogram has extended another green bar, but the RSI is overbought.

Price may trend higher, targeting the RM0.715-RM0.75 levels after a mild pullback. Support will be set around the RM0.60 level.

OTB good for HY.

You have confident in Fajar like HY?

Thank

Good for everyone. Never expect rebound back to 0.74.
Rather than keep on talking old and outdated "Legal case", look forward , invest and enjoy profit like st999fc.

AEMULUS NEW TEST 5G SOLUTION FOR BROADCOM


https://www.broadcom.com/applications/broadband-wired-networking/5G-HD

Emulous shall provide 5G tester to Broadcom,
http://www.digitimes.com/news/a20170918PD210.html?mod

Global Semiconductor Industry Posts Highest-Ever Quarterly Sales
WORLDWIDE Q3 SALES INCREASE 10.2 PERCENT COMPARED TO Q2; SEPTEMBER SALES INCREASE 22.2 PERCENT YEAR-TO-YEAR AND 2.8 PERCENT MONTH-TO-MONTH

Published Monday, October 30, 2017 8:30 am
by Dan Rosso

WASHINGTON—Oct. 30, 2017—The Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing, design, and research, today announced worldwide sales of semiconductors reached $107.9 billion for the third quarter of 2017, marking the industry’s highest-ever quarterly sales and an increase of 10.2 percent compared to the previous quarter. Sales for the month of September 2017 were $36.0 billion, an increase of 22.2 percent over the September 2016 total of $29.4 billion and 2.8 percent more than the previous month’s total of $35.0 billion. All monthly sales numbers are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average.


“Global semiconductor sales increased sharply year-to-year in September, and year-to-date sales through September are more than 20 percent higher than at the same point last year,” said John Neuffer, SIA president and CEO. “The industry posted its highest-ever quarterly sales in Q3, and the global market is poised to reach its highest-ever annual revenue in 2017.”

Regionally, year-to-year and month-to-month sales increased in September across all markets: the Americas (40.7 percent year-to-year/5.9 percent month-to-month), China (19.9 percent/2.5 percent), Europe (19.0 percent/1.8 percent), Asia Pacific/All Other (16.8 percent/1.9 percent), and Japan (11.9 percent/0.5 percent).

“The Americas market continued to stand out, notching its largest year-to-year sales increase in more than seven years,” Neuffer said. “Standouts among semiconductor product categories included memory products like DRAM and NAND flash, both of which posted major year-to-year growth in September, as well as Logic products, which enjoyed double-digit growth year-to-year.”

Remark:
More tester are needed for such increased volume of sales.

KUALA LUMPUR (Nov 10): AllianceDBS Research said Aemulus Holdings Bhd (Aemulus) had on Nov 9 crossed over the 67.5 sen hurdle to an intraday high of 68 sen before settling at 67 sen (up 4 sen or 6.34%).

In its evening edition yesterday, the research house said a crossover of the 67.5 sen hurdle again would likely see Aemulus trading upward with the next upside target pegged between 71.5 sen and 75 sen.

It said a risk taking traders can establish a buying position at 65.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 64 sen level must be placed for risk capital protection, and this 64 sen is to be followed by a trailing stop loss strategy.

Aemulus rolls out 5G test solutions

Julian Ho, Taipei; Jessie Shen, DIGITIMES [Tuesday 26 September 2017]

Malaysia-based automated test equipment (ATE) company Aemulus has anno unced the availability of its new test solutions for 5G wireless.

Aemulus also expressed optimism about ATE demand for automotive electronics and IoT applications in addition to 5G. For example, demand for wireless communications chips such as Wi-Fi and Bluetooth chips, power amplifiers, switch ICs, low noise amplifiers (LNA) and front-end module (FEM) will be driven further by IoT applications.

Aemulus recently introduced its third-generation radio-frequency (RF) FEM tester, Amoeba AMB7600-S, which was showcased at SEMICON Taiwan 2017 in early September.

Broadcom and Skyworks are reportedly among Aemulus' main customers. The ATE solution provider has also cut into the supply chain of major outsourced semiconductor assembly and test (OSAT) companies such as Siliconware Precision Industries (SPIL) and Jiangsu Changjiang Electronics Technology (JCET), according to industry sources.

Remark:
Broadcom preferred ABM7600-S, this will boost Aemulus to new high.

Broadcom is one of the Aemulus's customers, thus Qualcomm shall be their customer soon.

Good

The stock appears to have broken out of its bullish downward channel as well as the 30-day and 50-day EMAs yesterday. This breakout is positive for the stock.

Both MACD and RSI have hooked up once again.

Traders may want buy now with a stop placed at RM0.87. A break above RM1.00 would send prices up towards RM1.12 next.

CIMB

Good

Fajarbaru Builder Group Berhad in our FundTech Radar– 7th November 2017.

It is engaged in property development, trading of logging & timber, and construction activities and also involves in manufacturing ready-mix concrete and trading construction materials. Construction activities remain its core business.

*Fundamental Stance*
• 3-year (FYE15-17) sales and PATAMI compound annual growth rate of circa 13% and 134% respectively.
• Net cash per share is 7.3sen as at 30 Jun 2017
• 1.3% dividend yield for FY17; payout ratios declined yoy
• The largest shareholder is also the Treasurer of Malaysian Chinese Association
• RM400m current order book, with presently bidding for some RM4bn worth of jobs
• *Potentially secure some rail projects, such as East Coast Rail Line, the high-speed rail, MRT 3, LRT 3 and Gemas-Johor Bahru Electrified Double Track Rail project*
• Currently trading at 11.3x 12m trailing P/E, 46.7% discount to its 3-year historical average P/E

Technical Front
Trend for the stock is up.

Resistances: 1.01/1.12/1.23
Supports: 0.81/0.70/0.64


The above information is extracted from CIMB Research Report.

OTB can’t be 100% correct. Share market is depend on timing, internal and external factors, EPS, shareholder behaviour and luck.

OTB use his best method to identify. Those agree with him, give me a LIKE. Those not agree with him, just pass.

5) *AEMULUS (0181)*
Price/现价 : 0.635
Target price/目标价: .0.71/0.75
Cut loss/止损价 : 0.585
**Syariah
Sector/领域: Technology

_RHB RESEARCH INSTITUTE_

AFFIN HWANG

Market Talks: Small & Mid Caps stocks to remain vibrant.
AEMULUS - Market talks’ Target Price: RM1.20 (12 mth), Resistance: RM0.75, Support: RM0.56

Our medium (12 months) term target price for AEMULUS is RM1.20 hence offers an upside potential of around 84% from current level.

FAJARBARU - ANNUAL REPORT 2017, RELEASED ON 30 OCTOBER 2017


CURRENT YEAR PROSPECTS

The outlook on the construction industry is expected to remain positive over the next year with potential projects in the pipeline. The Board supports the proactive steps taken by management to ensure that the Group is able to deliver on its strategy to aggressively rebase its costs and ensure long-term sustainability of the business, thereby protecting and enhancing the value for its shareholders. It is expected to secure new contracts and generate reasonably profit margin in future. In addition to the current order book, the Group is actively involved in tendering of external contracts and aims to win the tender so as to raise the Group’s profile in civil engineering and construction industry. Thus, the Group is expecting a positive contribution to the performance of this segment for the coming years.

Going forward, we anticipate a stronger year for the Group in 2017/18 as more income shall be realised from our construction segment, particularly the rehabilitation of track project coupled with implementation of new projects secured, such as Link Road in Kuantan Port City, Refurbishment of Tenancy Area at KLIA Air Cargo Terminal 1, Underground Pipeline Foundation and Associated Works at KLIA2 Q Even Aircraft Parking Bay, Proposed Commercial Development in Semenyih, and Proposed Apron Line Marking, Access Road Connection, and Associated Works at KLIA. Thus far, we have tendered for several major contracts and, given our past experienced over the years, we are optimistic of continuing to shore up the order book in the financial year ending 30 June 2018.

On the property industry, the Property Development segment is expected to bring more contribution to the Group boosted by its aggressive marketing plans. The Group will continue to strive for excellence with an emphasis on delivering excellent customer services. The successful launch of the Group’s Rica Residence @ Sentul is a testament that there are demand for properties in prime locations with established amenities, connectivity and affordability priced.

On the oversea development, the Group has launched its second project called Paragon, Melbourne. The Paragon, with its prime location in the heart of the Melbourne Central Business District (“CBD”) has received overwhelming response from the public, as the Group is looking at achieving 90% take up rate by end of 2017. The revenue is expected to be generated by 2020.

Another segment which has generated significant revenue to the Group is the logging and timber trading segment. This segment will continue to generate significant contribution to the Group’s revenue, on the back of stable average prices of timber products.

Moving forward, the Group will continue to explore more business opportunities and is committed to continue capitalizing on its strengths to generate sustainable revenue from its existing and new businesses.

PLENTY OF CONTRACTS COMING FOR FAJARBARU.



RM350b worth of jobs to come on stream by 2020 — MBAM

By Neily Syafiqah Eusoff | 2017-11-03 10:37:55

KUALA LUMPUR: Master Builders Association Malaysia (MBAM) expects some RM350 billion worth of construction projects to be implemented in the next two to three years, following the tabling of Budget 2018 last Friday.

Under the proposed budget the government had allocated about RM48 billion for new development projects, said MBAM president Foo Chek Lee.

The total comes to RM350 billion when combined with some RM300 billion worth of projects that are ongoing or will be implemented, like the mass rapid transit (MRT) Line 3, the East Coast Rail Link and other projects that have been announced, he said.

“The government understands that the construction industry will stimulate the economy of the country. The industry is expected to grow by 7.5% next year ... it will be very busy, with numerous projects in the pipeline,” he told reporters on the sidelines of the inaugural MBAM Building and Construction Conference yesterday.

Themed “Technology Advancement with Stakeholders Collaboration”, the conference discussed the importance of Industrialised Building System (IBS) and productivity, with the aim of driving the local construction industry forward. The conference is co-organised by MBAM and the Construction Industry Development Board Malaysia.

“MBAM strongly supports the government’s policy to push for IBS [adoption] in order to increase our productivity, efficiency and of course to reduce our reliance on foreign workers,” he said.

However, Foo is hoping for a 5% reduction in import duty, from about 30% currently, for heavy construction machinery, to promote the production and installation of IBS components.

“We are hoping this import duty for heavy machinery be reduced, although the government is providing some grant for those purchasing the equipment now. The [reduction] will reduce initial capital cost for machinery and encourage the use of IBS here, to be aligned with our Asean neighbours,” he said.

“Budget 2018 is very positive, as far as the construction industry is concerned. We support the government’s budget allocation, especially on the 240,600 units of government housing under various public housing plans and 10,000 units of public housing for police staff, 210,000 housing units under PR1MA and upgrading of airports that will spur the construction industry,” he added.

Foo said the government is also pushing ahead with few projects such as the Sungai Buloh-Serdang-Putrajaya MRT Line 2, MRT Line 3 or the Circle Line, the Kuala Lumpur-Singapore High-Speed Rail and the West Coast Highway from Banting, Selangor to Taiping, Perak.

To keep up, the local construction industry will have to evolve, he said.

“It is timely for the industry to upgrade the construction approach from the traditional approaches to more modern practice. We need to change our mindset; we need to adapt to technology [changes] in order to stay competitive and move forward, or else we will be left behind by other players in neighbouring countries,” Foo said.

“The construction industry has not transformed much in terms of technology or approach and still depends on traditional approaches, with a heavy reliance on foreign labour,” he added

Fajarbaru rises 1.06% on positive technicals

By Surin Murugiah | 2017-11-03 09:35:15
KUALA LUMPUR (Nov 3): Fajarbaru Builder Group Bhd shares rose 1.06% this morning following a positive technical outlook for the stock.

At 9.16am, Fajarbaru gained 1 sen to 95 sen with 173,800 shares traded.

RHB Retail Research said Fajarbaru Builder Group Bhd may climb higher after forming a white candle and hitting its highest close in more than two months.

In a trading stocks note today, the research house said an upward momentum may persist after it breached above the downtrend line drawn in the chart.

“A bullish bias may appear above the 92 sen level, with an exit set below the 84 sen threshold.

“Towards the upside, the immediate resistance level is at RM1.01. This is followed by the RM1.20 level,” it said.

KUALA LUMPUR (Aug 18): CIMB IB Research has maintained its “Hold” rating on Aemulus Holdings Bhd at 60 sen with a higher target price of 69 sen (from 53 sen) and said the company’s 9MFY9/17 core net profit beat house/Bloomberg consensus estimates, at 85%/104% of FY17F forecasts, due to higher-than-expected tester volume shipment in 3QFY9/17.

In a note Aug 17, the research house said Aemulus reported a core net profit of RM5.4 million in 9MFY9/17, compared to a RM500,000 core net loss in 9MFY9/16, due to higher RF and enterprise storage tester shipment volumes.

“We raise our FY17-19F EPS by 15-19% to reflect higher tester shipment volumes.

“We expect stronger demand for RF tester in 4QFY17, driven by production ramp-up ahead of new flagship smartphone model launches and a new customer win in China.

Fajarbaru hopes of LRT 3 job win and higher earnings from logging business.

The LRT 3 contracts awarded to some listed companies yesterday raise speculations of company bagging one soon," says fund manager at local brokerage.


Fajarbaru, which conducted fund manager briefing on 2017, could also win infrastructure jobs like East Coast Rail Line and Gemas-Johor Bahru double-tracking project.

Adds, "their timber division expected to support near term earnings on new concession.

KUALA LUMPUR (Nov 1): Worldwide sales of semiconductors reached US$107.9 billion for the third quarter of 2017, marking the industry’s highest-ever quarterly sales and an increase of 10.2% compared to the previous quarter, according to the U.S.-based Semiconductor Industry Association (SIA).

In a statement on its website Oct 30, SIA said sales for the month of September 2017 were US$36.0 billion, an increase of 22.2% over the September 2016 total of US$29.4 billion and 2.8% more than the previous month’s total of US$35.0 billion.

Good

FAJARBARU EYES ECRL

KUALA LUMPUR: Fajarbaru, which has received its trackwork machinery, is eyeing for more railway tracks maintenance works.

In a statement, Fajarbaru said it received the track work machinery to be used for railway rehabilitation works from China Jiangsu KTK Locomotive and Rolling Stocks Co. Ltd and Gemac Engineering Machinery Co. Ltd. The handover ceremony was witnessed by the Transport Minister Datuk Seri Liow Tiong Lai.

Fajarbaru Builder Group Bhd executive director Eric Kuan Khian Leng said: “This is a historical and proud moment for Fajabaru, as we have ordered some RM50mil worth of trackwork machinery, and they have arrived at our project site here in Kuala Lipis, Pahang.

“This marks the beginning of a transformation and further development for the company in the rail business,” Kuan said.

Kuan said the machinery were ordered for its rail project that has a value of more than RM250mil, known as the rehabilitation of track formation, replacement of ballast and
associated works between Jerantut, Pahang and Gua Musang Railway Station, Kelantan (Package B) that was awarded in 2016.

“By possessing these machines, this also makes Fajarbaru as one of the few private organisations to own such equipment, giving us a significant competitive advantage in the bidding of new construction and maintenance jobs for rail-related projects in the future,” he added.

There is more than 2,200km of railway tracks in Malaysia, of which Keretapi Tanah Melayu Bhd (KTMB) owns more than 80% of it.

“In view of some RM50bil has gone into rail-related infrastructure projects in the last five years, and Malaysia is poised to spend a further RM80bil at least in the next years, we hope that with these machines in hand, both KTMB and Fajarbaru can tap into each other’s expertise and capitalise on the synergistic competencies to keep the rail network well maintained,” Kuan said.

“We are definitely eyeing the potential of a huge maintenance contract that comes with the vast spending on rail-related jobs. The spree of rail related infrastructure projects that were announced in the last few months, being the most recent – 688-km East Coast Rail Link, are all the potential projects.

“The machinery that we received today have a shell life of at least 20 years, which means after the completion of the project in Pahang, we can deploy it for other usage,” Kuan added.

Ivan89

My opinion is Yes.
However you must do your own analysis and exercise your own judgement.

Fajarbaru will likely to get RM8.9 billion Gemas-Johor double tracking and electrification project.

TWO big ticket projects that will provide a major boost and a new source of contracts for the local construction sector will likely be the RM8.9 bil Gemas-Johor Baru double tracking line, as well as the RM55bil East Coast Rail Link (ECRL) project.

Industry sources have indicated that packages for the 197km Gemas-Johor Baru double tracking project are set to be announced within the next two months, with the aim of completing it by 2020.

bobby159753 curse KGB since Feb 2017 when KGB was RM0.43 and now RM0.73, almost 70% in return and bobby159753 shall invest and take profit, rather curse until last week.