Post removed.Why?

Post removed.Why?

Good news rumoured to be coming. Watch Prasarana on Friday, maybe Monday.

9656hp, 200 times more than my MyVi Executve Lounge.

Divvie in bank already. Buying Jho Low yacht soon......

Major shareholders own company long term. Mr Tan and family and board, read annual report. May want to keep divvie at current level so if you bought 2 days ago, 9% divvie may continue. Where else you get that?

Price will up, nothing really changed from 6 months ago. New govt not hate or punish GK or MRCB, all friends. OK, any premium for rail business gone as Najib went too far too quickly (terrible Finance Minister) but share price was RM4 before election.

GK now confirmed one largest player rail industry, what is left of it. CCCC gone or going, Gamuda not yet sorted themselves out, MMC may be out of favor.

Yes, day traders will cash in and good luck to them. Share Price made 20% last two days but a lot to come, more good news from Mr Tan in future.

Rumour GK also just have development order for their 70,000m2 land in puchong, undervalued in last accounts.

Rumour GK maintaining divvie at 9 sen, that was 9% yesterday.

Rumour - Prasaran has issued a Letter of intent to MRCB and GK for LRT3 for RM12bn. GK share 50%. 6bn more turnover 2019 to 2023.

At RM1 cash per share sitting in the bank it was a steal yesterday at RM1 per share, profitable business with no real borrowings, very low P/E ratio, great dividend ratio at RM1.

Filled my pockets yesterady, made 10% paper gain this morning, looking to RM2 per share shortly.

GK are buying back shares but slowly and when they are low. Major shareholders are not leaving, supply of shares shrinking in market.

Rumour Prasarana issued Letter of Intent to GK and MRCB today for RM12bn contract for LRT3, 50/50 JV between GK and MRCB. Known fact - MOF has given large amount of cash to Prasarana to jump start the project, rumor very large cheque being written to MRCBGKJV.

GK trading at RM1, cash in bank RM1 per share, profitable business and now with another RM6bn in order book 2019 to 2023. GK have increased earnings per share each year for 20 years so no dummies, more than good at golf.

New target price for me - RM3 per share, expect massive jump when market realises or announcement made.

Filled my pockets all the way up at this price anyway, soooooooooooooooooooooo cheap and one way.

Best growth stock on Bursa.

Gk went to 0.98. If you were watching the fundamentals you would have known it was politics and bought not just below the intrinsic value but below the cash per share sitting in the bank, with more being put in all the time as it was a profitable business. Up 60% the other day from that point, always watch the fundamentals.

Prasrana have been warned about their poor management of LRT3, not the PDP. They wanted to get rid of PDP and do themselves, hahahhahahah, they have no one. Then they wanted to cut the line in half, hahahaah, no passengers. MOF should get a competent owner in place and let PDP get on.
RM1 per share in cash in the business, a profitable business. Look at fundamentals and RM0.98 is below absolutely safe level.
No nasi lemak this morning, buying 5 GK shares instead.

May have better future, GK were leading siemens in JV to build HSR Assets and could have won but needed to put up a lot of equity in PPP vehicle, maybe bonds etc. Without HSR they will have a cash pile to invest in less capital intensive projects.

johnhuat88, you are confusing yourself. The 6% has no real costs, the costs are reimbursed to GK seperately. MRCBGKJV are spending about 9bn, they get paid back 9bn plus 6%. The 6% is not cost.
If all rail stops tomorrow (and GK get compensated by Tun) GK still has hospitals and a leading regional water meter business and NO DEBT.
Value the company on just the water meters and it is undervalued at 1.20.
Up to you lah

stockraider, GK not work on ECRL.

Even if cancel LRT3 it will cost more than HSR to do so and the rakyat still need this from Shah Alam all the way to One Utama.

with RM1 cash per share a price of 1.20 seems very cheap. Up to you, if you believe everyone successful in Malaysia is a 1MDB thief and will shortly be in jail because Tun Mahathir is reformasi then take all your money out. If you want to make money in the market in the next year you have to be in the market.

PDP contract is very simple. MRCBGKJV appoint contractors approved by Prasarana. Say they cost 9bn, MRCBGKJV get all their costs reimbursed and the payments to the contractors plus a fee of 6%.

The 6% is a lot but it is not risk free 6% as they have to manage those contracts to finish on time and on budget subject to usual Variations etc. They are at risk on this project.

Tan Sri Tan Kay Hock cannot book the 4.5bn as revenue as it is a 50/50JV, accounting rules apply.

He is trying to tell the market as clearly as he can that they have a much higher revenue than the published accounts suggest at first glance, this is not as small a company as it may look.

If this carries on the EBIT will overtake the revenue.

Leave the guy alone, he is very successful and has managed GK well for many years, building it year by year AND he has NO DEBT in GK. If you invest by politics rather than fundamentals then note he has never been a contributor to BN and is friendly to everyone.