Strong accumulation momentum

To spur up economic, it need development especially infrastructure which have multiple effect on overall positive impact to entire chain industry from steel, cement to job market. MRT3 is final puzzle to link MRT1 and MRT2 to complete entire transportation system. It good for rakyat and PH gov will prioritize these to local firm gamuda-MMC-Gkent as company earning growth, so more tax payable back to government

Strong balance sheet with net cash position + high dividend yield more than 6% + high orderbook ensure long earning visibility + good relation with CCCC enable potential to grab rail system in ECRL

https://www.thestar.com.my/business/business-news/2016/08/24/mrt-awards-rm1b-work-package-to-china-ccc-george-kent-jv/

myeg have long term relationship with government, even in Tun M time. Business is versatile, it can change to keep good relation to whoever in power.

Gkent PDP 6% fees is based on entire LRT3 cost RM 9 billion, if construction cost increase due to higher building material such as steel rebar price and variation order, the entire LRT3 cost will go up in tandem, implying Gkent 6% PDP fees also will go higher till entire LRT3 project completed.

Heading to breakout RM 1.00 soon

As most of the LRT3 contract already awarded, and work is progressing, Gkent PDP 6% fees will getting higher

Gkent is very rich cash company, as much as 82sen/share, it have declare 3 set of interim dividend 2.5sen + 2sen + 5sen, it may declare another final dividend later. Together with share buyback support and dividend, share price should be able to find support and rebound back.

Myeg continue rebound, likely breakout again RM 1.00. With more and more clarity on myeg GST monitoring system which is capable to revert back to original setting for SST monitoring system.

Thus, instead seek for compensation from new gov, myeg likely have upperhand to secure contract to replace earlier gov GST monitoring system by just revert back existing system into SST monitoring system, to achieve win-win solution between myeg and new PH gov

Based Gkent current price 1.64, half of the price is firmly support and backup by its 82sen/share net cash position. While another half of the price is supported by its huge orderbook value at RM 5.6 billion, form mainly by steady PDP fee 6% from LRT3

Government likely to proceed ECRL as the construction already reach almost 19% for ground work progress and fund drawdown already reach 24%, therefore, its uphill task to delay these project anymore, especially it involve gov-gov deal, china-Msia, a top trading partner to Malaysia.

What likely new gov can renegotiate is that asking CCCC to award more local content and higher work to allocate to local firm from previous 30-40% to up to 50% to benefit local construction firm.

Gkent stand a good chance to grab rail work system work as it have good tie up with CCCC-Gkent in MRT2, which could be worth multibillion work of contract.


https://www.thestar.com.my/business/business-news/2018/05/19/ecrl-a-hobsons-choice/

https://www.thestar.com.my/business/business-news/2016/08/24/mrt-awards-rm1b-work-package-to-china-ccc-george-kent-jv/

Lets stand back above 80sen

Recoverring

Siapa 'Tan Sri' pemilik unit kondominium itu?
18 Mei 2018, 5:45 petang (Dikemaskini 18 Mei 2018, 6:24 petang)

Seluruh negara terkejut mendengar berita serbuan polis di tiga unit kondominium mewah di Pavilion Residence, malam semalam yang dikaitkan dengan Perdana Menteri Datuk Seri Najib Razak.

Adalah dilaporkan lima lori polis diperlukan untuk mengangkut beg wang tunai dan barangan kemas berserta beratus-ratus beg tangan berjenama.

Pada sidang akhbar selepas itu, Pengarah Jabatan Siasatan Jenayah Komersial (JSJK), Datuk Seri Amar Singh Ishar Singh berkata bahawa salah sebuah unit itu dimiliki oleh seorang 'Tan Sri' tetapi enggan mendedahkan namanya.

Gambar-gambar kotak berkenaan juga mencuri tumpuan apabila ada antaranya ditandakan dengan beberapa label yang tertera nama "Datin Cindy" dan juga "Puan Sri Cindy".

Walau bagaimanapun, tidak jelas sama ada kedua-duanya merujuk kepada orang yang sama.

The Pavilion Residence adalah milik Desmond Lim, yang bergelar "Tan Sri". Beliau dikenali sebagai sekutu bekas perdana menteri Datuk Seri Najib Razak. Isterinya adalah Puan Sri Cindy Tan.

Menurut majalah Forbes, Lim adalah antara 50 orang terkaya di Malaysia, yang mula membangunkan rumah, kondominium dan menara pejabat dengan syarikat hartanah Kumpulan Khuan Choo pada sekitar tahun 80-an.

Sebelum ini, polis mempercayai bahawa saudara-mara Najib tinggal di unit kondominium berkenaan.

Serbuan polis itu adalah susulan laporan yang dibuat oleh Pemuda BERSATU yang mendakwa bahawa sebuah van yang dimiliki oleh Jabatan Perdana Menteri mengangkut beg tangan berjenama mewah ke kondominium berkenaan.

Sementara itu, nama Lim juga muncul dalam perjanjian Bandar Malaysia.

Adalah dilaporkan pada tahun 2015 bahawa beliau bersama dengan konsortium yang disokong oleh Qatar dan IWH CREC Sdn Bhd adalah pembida utama bagi mendapatkan Bandar Malaysia.

Tahun lalu, adalah dilaporkan bahawa Kumpulan Dalian Wanda dari China juga sedang membida projek Bandar Malaysia bersama-sama dengan Malton Bhd, yang diketuai oleh Lim.

Lim juga adalah pengerusi eksekutif Malton Bhd dan WCT Holdings Bhd.

Malaysiakini telah menghubungi pejabat Malton Bhd untuk mendapatkan komen Lim dan sedang menunggu maklum balas daripada pembantu peribadinya.

PERDANA MENTERI
Tun Dr Mahathir bin Mohamad (Bersatu - Langkawi)

TIMBALAN PERDANA MENTERI
Datuk Seri Dr Wan Azizah binti Wan Ismail (PKR - Pandan)

BERSATU

Menteri Dalam Negeri:
Tan Sri Muhyiddin bin Yassin (Pagoh)

Menteri Pendidikan:
Dr Maszlee Malik (Simpang Renggam)

Menteri Pembangunan Luar Bandar:
Rina Harun (Titiwangsa)

PKR

Menteri Wanita dan Pembangunan Keluarga:
Datuk Seri Dr Wan Azizah binti Wan Ismail (Pandan)

Menteri Hal Ehwal Ekonomi:
Datuk Seri Mohamed Azmin bin Ali (Gombak)

Menteri Perumahan dan Kerajaan Tempatan:
Zuraida Kamaruddin (Ampang)

DAP

Menteri Kewangan:
Lim Guan Eng (Bagan)

Menteri Pengangkutan:
Anthony Loke Siew Fook (Seremban)

Menteri Komunikasi dan Multimedia:
Gobind Singh Deo (Puchong)

Menteri Tenaga Manusia:
M Kulasegaran (Ipoh Barat)

AMANAH:

Menteri Pertahanan:
Mohamad Sabu (Kota Raja)

Menteri Pertanian dan Industri Asas Tani:
Salahuddin Ayub (Pulai)

Menteri Kesihatan:
Dr Dzulkefly bin Ah

Who is the 'Tan Sri' who owns the condo unit?

https://www.malaysiakini.com/news/425628

to move out such massive seizure from tan Sri unit in Pavilion Residences, Police took 5 giant lorry to load all such massive seizure goods, implying such massive goods are all along locate in Tan Sri apartment which is now link to 1MDB scandal.

Remark: After election, Rosmah did transfer her handbag to Tan Sri unit using car only, BUT not 5 lorry.

Therefore, most of these 1000m worth of thing are actually already long time in tan Sri apartment, implicate Tan Sri directly to 1MDB scandal.

It is no as simple as Tan Sri merely is supported of N and good friend wit R now, it is criminal case if it proved that these luxury and cash are derived from 1MDB

Be caution, all wct shareholder and wct warrant holder and wct call warrant holder as soon or later Police will officially reveal these Tan Sri identity, and his link to 1 MDB scandal

https://www.youtube.com/watch?v=GPD90P3_k1E

Gkent is rich cash company, it have declare 3 set of interim dividend 2.5sen + 2sen + 5sen, it may declare another final dividend later. Together with share buyback support and dividend, share price should be able to find support and rebound back.

The previous SST weakness is ineffective in collecting tax, resulted previous gov to opt for GST which is more direct to end customer. If gov wan to reinstate SST, it need to implement in more effective way in order to offset impact from abolish GST. Therefore proper monitoring system need to install. Myeg, SST monitoring system is needed

Government actually need urgently need to implement back SST by 1 June, therefore, myeg stand a good chance to award contract as it already have exiting GST monitoring system which was originally designed for the SST, so, myeg just need to revert to original system back again to SST monitoring system.

Rebound, as Mahathir now officially form cabinet :D)

Our system was originally designed for the SST, so we hope that we can revert to our original system.

So, just change back from GST monitoring system to SST monitoring system

With just Mahathir own power alone in last 1 week, government already can see such drastic reformation. Once all cabinet line up today, expect double or even triple strength in government

“We understand from the media that the GST would now be replaced with the sales and services tax (SST). Our system was originally designed for the SST, so we hope that we can revert to our original system.”

While there are grounds for compensation, Wong said that the company never likes to seek any form of compensation from its clients, in this case the Government, and in the past, has never done so.

“We prefer to discuss to achieve a win-win situation,” .....


Remark. previous government ask for GST, now new government ask for SST, Agrrement already signed, therefore, either compensate or granted more contract to myeg as compensation in kind, after all, rule of law need to apply in very government.

The Yang di-Pertuan Agong has granted an audience to Prime Minister Dr Mahathir Mohamad over the cabinet list.

According to a source within the Prime Minister's Office, Mahathir will present his list to the King at 5pm today...

...Finally, a proper new government is formally form and operate effectively instead of now rely solely on Mahathir.

“根据政府最新的公告，消费税将由销售税取代。我们的系统原本就是以监督销售税而设计，因此，我们会与政府洽谈，（将系统）从消费税调回至销售税。”

The Proposed Share Buy-Back is to permit a stabilising factor on the supply and demand as well as the price of the Shares of GKM on Bursa Securities. Consequently, the fundamental value of the Company may be preserved which may in turn have a favourable impact on the share price of the Company. It is to be carried out when the share price is transacted at levels which do not reflect the potential earnings capabilities and/or underlying asset value of the Group.

That Tan Sri likely refer to Desmond LIm, executive director of Wct and malton, a owner of pavilion residence

To abolish toll collection, government need to compensate. At least now, government have at least RM 1 billion worth of goods seizure from Tan sri unit in pavilion residence which link to 1 MDB scandal

警方搜查1MDB案 起约10亿财物

警方商业罪案调查组继续搜查1MDB案，除了到纳吉私邸、首相署等，还到武吉免登的Pavilion Residences高级公寓搜查，结果充公了价值10亿的……

Remark: all the jewelry, more than 100kg gold bar, cash, handbag are found in one of unit belong to Tan Sri, collectively worth RM 1000 million/ 1 billion, such massive seizure are link to 1MDB scandal.

https://www.youtube.com/watch?v=GPD90P3_k1E

Please bear in mind, to move out such massive seizure from tan Sri unit in Pavilion Residences, Police took 5 giant lorry to load all such massive seizure goods, implying such massive goods are all along locate in Tan Sri apartment which is now link to 1MDB scandal.

Remark: After election, Rosmah did transfer her handbag to Tan Sri unit using car only, BUT not 5 lorry.

Therefore, most of these 1000m worth of thing are actually already long time in tan Sri apartment, implicate Tan Sri directly to 1MDB scandal.

To abolish toll collection, government need to compensate Gamuda. At least now, government have at least RM 1 billion worth of goods seizure from Tan sri unit in pavilion residence which link to 1 MDB scandal

警方搜查1MDB案 起约10亿财物

警方商业罪案调查组继续搜查1MDB案，除了到纳吉私邸、首相署等，还到武吉免登的Pavilion Residences高级公寓搜查，结果充公了价值10亿的……

Remark: all the jewelry, more than 100kg gold bar, cash, handbag are found in one of unit belong to Tan Sri, collectively worth RM 1000 million/ 1 billion, such massive seizure are link to 1MDB scandal.

https://www.youtube.com/watch?v=GPD90P3_k1E

Please bear in mind, to move out such massive seizure from tan Sri unit in Pavilion Residences, Police took 5 giant lorry to load all such massive seizure goods, implying such massive goods are all along locate in Tan Sri apartment which is now link to 1MDB scandal.

Remark: After election, Rosmah did transfer her handbag to Tan Sri unit using car only, BUT not 5 lorry.

Therefore, most of these 1000m worth of thing are actually already long time in tan Sri apartment, implicate Tan Sri directly to 1MDB scandal.

（吉隆坡18日讯）MYEG（MYEG，0138，主板贸服股）董事经理黄天顺相信，公司不会因为改朝换代而失去电子政府服务合约。

广告

黄天顺是在周三与投资者进行午餐聚会时，如是指出。

另外，他在接受《南洋商报》访问时也说，MyEG一直以来与政府保持良好的工作关系，并强力相信，未来也会继续保持这种友好关系。

不过他坦言，目前仍有待与政府代表洽谈关于消费税相关合约一事。

“根据政府最新的公告，消费税将由销售税取代。我们的系统原本就是以监督销售税而设计，因此，我们会与政府洽谈，（将系统）从消费税调回至销售税。”

针对MyEG是否有信心从新政府手中获得合约，黄天顺表示，凭借公司以往以具竞争力成本并提供高效率的服务记录，相信会继续在未来推出新服务。

他也透露，公司直接为政府提供服务的业务，仅占总营业额20%；其余80%比重源自商用产品。

无论如何，他对公司的前景依旧感到雀跃，而主要的净利推手也没有改变。

“我们的业务焦点，仍是为大马和菲律宾政府推行电子传送系统。”

从大选日至今，MyEG的股价犹如跌进无底洞，短短四个交易日内，就已经挫跌1.675令吉，或64.92%，过去数日更是跌停。

针对跌跌不休的股价表现，黄天顺认为，这是不了解MyEG真正价值的股东，所作出的反射性动作。

他坦言，这也不失为是投资者或股东以诱人价格买进该股的好时机。（南洋商报）

警方搜查1MDB案 起约10亿财物

警方商业罪案调查组继续搜查1MDB案，除了到纳吉私邸、首相署等，还到武吉免登的Pavilion Residences高级公寓搜查，结果充公了价值10亿的……

Remark: all the jewelry, more than 100kg gold bar, cash, handbag are found in one of unit belong to Tan Sri, collectively worth RM 1000 million/ 1 billion, such massive seizure are link to 1MDB scandal.

https://www.youtube.com/watch?v=GPD90P3_k1E

Please bear in mind, to move out such massive seizure from tan Sri unit in Pavilion Residences, Police took 5 giant lorry to load all such massive seizure goods, implying such massive goods are all along locate in Tan Sri apartment which is now link to 1MDB scandal.

Remark: After election, Rosmah did transfer her handbag to Tan Sri unit using car only, BUT not 5 lorry.

Therefore, most of these 1000m worth of thing are actually already long time in tan Sri apartment, implicate Tan Sri directly to 1MDB scandal.

Information about potential link between myeg and PH !?

http://klse.i3investor.com/blogs/pakatanharapan/157189.jsp

Based on Gkent net cash position 82sen/share, it can buyback aggressively all 10% Gkent share in open market easily.

Consolidating after strong runnup, have patient awaiting for next marked up, remain fully invested in sapura.

Agreed, company need to maintain good relationship to government all the time, businessman is very versatile, will continue keep good reelection to whoever in power. Bear in mind, current PM and next PM all are from previous gov team.

Based on my independent observation, Gkent orderbook remain solid at RM 5.6 billion, which could last for at least 2-3 year with majority earning derive from PDP 6% steady profit.

These is further compounded with the fact Gkent is cash rich, net cash position stand 82sen/share, render it as good bidder for MRT3 (Gamuda-MMC-Gkent), which require Turnkey contract business model instead of PDP business model, in which under Turnkey contract, Gkent is directly involve in construction to complete a MRT3 so that it is ready for use when delivered to the Government, which require own financial strength and bank financing facility.

MRT3, LRT3 are all good for general public and its also urgent need for new government to continue implement. Bear in mind, Penang state government which control by PH also very support to have MRT and LRT in the state to improved transportation.

After share slump down, Gkent board of director also take urgent call to have 2 week short notice to call EGM, to first time seek share buyback to support current share price. All Gkent director publicly declare intention to deal with share to further support market price forward.

In additional, after 3 set of interim dividend declare so far, Gkent may be able to declare another final dividend in conjunction in view of its strong cash position to upcoming AGM later.

StarBiz reported MyEG managing director and single largest shareholder Wong Thean Soon saying that he does not see any reason for the new Pakatan Harapan government not to continue using MyEG as the service provider for e-government services.

Presently, MyEG’s various projects are grouped under the e-government concession which was awarded in the year 2000.

“MyEG, as a service provider to the government, has to work for the government of the day,” he said.
Read more at https://www.thestar.com.my/business/business-news/2018/05/18/selling-may-be-over-for-myeg-george-kent/#ClTjutLXBcluJmIR.99

Myeg share bashed down is overdone, good rebound for shareholder

https://www.thestar.com.my/business/business-news/2018/05/18/selling-may-be-over-for-myeg-george-kent/

Gkent share bashed down is overdone, good rebound for shareholder

https://www.thestar.com.my/business/business-news/2018/05/18/selling-may-be-over-for-myeg-george-kent/

PETALING JAYA: With the Government expected to make announcements on changes to toll charges on expressways, attention will be focused on the impact this may have on concessionaires and the national finances

Remark: Ekovest toll concession, DUKE, DUKE 2 highway will be affected

https://www.thestar.com.my/business/business-news/2018/05/18/toll-dilemma/

PETALING JAYA: With the Government expected to make announcements on changes to toll charges on expressways, attention will be focused on the impact this may have on concessionaires and the national finances

Remark: Gamuda toll concession, LDP + sprint + kesas highway will be affected

https://www.thestar.com.my/business/business-news/2018/05/18/toll-dilemma/

Further investigation will implicate direct link Tan Sri Lim Siew Choon, the malton and wct executive director, to IMDB scandal.

Be caution, all wct shareholder and wct warrant holder and wct call warrant holder.

Cops seize luxury goods, jewellery and cash of 'too much to determine' value from 3 condos in KL

...He also said that the apartment was not owned by Najib but a “Tan Sri”.

....the search and seizures were part of the probe into 1MDB

https://www.thestar.com.my/news/nation/2018/05/18/cops-seize-luxury-goods-jewellery-and-cash-of-too-much-to-determine-value--from-3-condos-in-kl/#thsJpAGgghXWKTsQ.99


Remark: Clearly, the apartment is own by Tan Sri Lim Siew Choon, malton and wct executive director

https://www.malton.com.my/corporate/board-of-directors/

SINGAPORE/MUMBAI/MANILA (Reuters) - Oil prices are poised to break through $80 per barrel and Asia's demand is at a record, pushing the cost of the region's thirst for crude to $1 trillion this year, about twice what it was during the market lull of 2015/2016.

Oil prices have gained 20 percent since January to just shy of $80 per barrel, a level not seen since 2014.....

Brent crude oil heading to breakout USD 80 soon. Fully invested in Sapura to capitalize on bullish oil

Brent crude oil stand firmly above USD 79

swap all free up capital from lionind at 92sen today to sapura, bought maximum sapura at 81.5sen

sold off all lionind at 92sen, locked all contra profit, free up capital

Oil prices hit a 3-1/2-year high on Tuesday, supported by tight supply and planned U.S. sanctions against Iran that are likely to restrict crude oil exports from one of the biggest producers in the Middle East.

Brent crude oil reached $79.22 a barrel, up 99 cents and its highest since November 2014. By 1100 GMT, Brent was up 90 cents at $79.13. U.S. light crude was 60 cents higher at $71.56 a barrel, also close to its highest since November 2014.

World oil prices have surged by more than 70 percent over the last year as demand has risen sharply but production has been restricted by the Organization of the Petroleum Exporting Countries, led by Saudi Arabia, and other producers including Russia.

Now the United States has announced it will impose sanctions on Iran over its nuclear programme, raising fears that markets will face shortages later this year when trade restrictions come into effect.

"Oil prices are touching fresh multi-year highs as robust demand prospects coupled with a tense geopolitical backdrop make for a potent bullish cocktail.....

Brent crude oil breakout USD 79, very fast heading to next level USD 80