KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) expects to finalise by December discussions with the joint venture between UEM Construction Sdn Bhd and Bina Puri Holdings Bhd to determine the quantum of the liquidated and ascertained damages (LAD) charged to the joint venture for the delay in completing the KLIA2 terminal building in Sepang.


MAHB managing director Datuk Badlisham Ghazali said MAHB said this during a press conference at the Global Airport Development Asia 2015 conference in Kuala Lumpur on Wednesday.

Badlisham said the matter would be resolved soon and the decision would be announced on the bourse.

MAHB has been reported to have said previously that the total LAD incurred by the UEM-Bina Puri JV was RM60mil.

However, the contractors appealed against the LAD, saying that there were many last-minute requests and additional changes by the clients.

Keep moving up, keep moving up!

Spaghetti, what is the project in Johor?

Company rugi but the prospect of turnaround is on sight. At this price, I guessed not so much downside risk.

Like Bone's said. Hot bargain!

0.42.

0.415. Done at buying price. Keep coming.

Some more joining the queue.......

Bpuri start gaining attention..... queues improved.

:( may be not time to buy??

Then up we go!

Mana mahu pergi Salcon? Today like naik tangga tinggi tinggi.....

So they see value on these keppel link companies for example. Why not.

Singapore got problem. They need to bring back money to shore up their stock market due to commodity slump.

R1 crossed.... Penetrating R2 today?

In Bones With Trust when come to share. Make money following him. Took position today. Let us ride the wave!

1/3 of oil cos will go busted soon........

Masih ada talian hayat??

Proton factory is sitting on huge land in Shah Alam industrial area? Wonder if that land being developed for properties later......

Sudah angkat 1.04. Now watching the game.

How much expected worst?

No worry. Many ways to skin animal...... Lately heard so much on this group doing thing to strengthen its coffer. Selling overseas asset too. I am ready to jump in.

Ya lor especially SCable deviating from the negative worldwide trend.

Can it dips below 7.5 sen?

Where the show lah! Dont be pest.

With volume again > 2m. Interesting development.

Wow! 12 sen increase in slumber market.... Will this another push to reach 2.00?

Yup. Looks like it will range 1.50+ but could be higher with window dressing to bring it back close to 1.70+.

Touched 1.79. 1 sen more to reach Abudance's figure.

2.4m volume today. Good volume transacted. Seems people chasing the share. Something goodies......

2.00 now looks like sap sap sui number....

As Abudance said, 1.80 is closer and its smashers all the previous gates.

Volume climbing again. Morning done 1.5m already. People accumulating.

Yahoo!! 1.77 now and going strong.

ONG players but cash < US 2m?

Ayoo.. Lama sudah long time not coming here.

Go Scable go! You can do it! You can do it!

Got buy called from my broker but on sign of weakness. Can play kontra. But this is new babe in klse hence difficult to tell.

1.72, higher than yesterday despite poor overall market. Bravo!

Anakonda ... :)

The price is holding well. If Bekir is really selling and price is rising, no need to feed the buyers cheap. Despite overall market sentiment, Scable is holding well at yesterday's price, potentially to close higher even. Let us monitor.

I like your confidence, Abudance. Most likely today again another day with volume > 2.5m. It touched 1.75 in the morning session.

Today volume increased to 3.8m. Volume sustained in recent days keeping the upward trend intact.

Wah! From Kltrader of HL Bank. TP 2.57. Suddenly many analysts like to cover Scable...

Forecasts
While losses were incurred in FY14, we expect FY15 to swiftly turn to its highest earnings recorded (yet) at RM44m. 1H15 earnings clocked in at RM24m, up 10-folds YoY.
Earnings for FY16-17 should continue to scale new highs at RM55m (+25%) and RM65m (+19%).

Rating
Initiate with BUY, RM2.57 TP (+51% upside)
SCable has strong growth potential driven by acquisitions, superior orderbook cover and a new earnings stream from its hydro plant. The impending Sarawak elections could be an added kicker as investors scavenge for such plays.
Broadly similar to Cahya Mata Sarawak (CMS), SCable offers investors a ticket to the Sarawak growth theme but at a much cheaper rate. SCable’s P/E is multiple is at a 49- 52% discount to that of CMS.

Jaga jaga sama O & G related counters.... If Petronas deepened its cost cutting... Oil said to take sometime to recover. Why this Armada trending upwards is interesting to know.

2 days in a row volume > 2.5m. The trend graph is shouting something....

Look at Kiasu's latest comments:

Cable (SCABLE) may trend higher after climbing above the MYR1.54 level in its latest sesion. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.73, followed by MYR1.88. The stock may drift sideways if it cannot sustain above the MYR1.54 mark. In this case, further support is anticipated at MYR1.43, where traders can exit upon a breach.

It has sustained above 1.54 for few sessions now...... Let's cheer at 1.88, full hope....

Delicious at 1.70, Bone's projection earlier. But momentum with volume is strong. Shall we look at 2.00 target now? Dont ask me, it just touches my target.

Hey newboy. Still holding in there. Makan dividen all this time. Exciting time huh? Hopefully.

Look at the trending chart! And it happened with volume. This is really unusual for Scable. Something big brewing........