Top up at 1.04.

First things first, must understand why the LRT 3 cost will increased from 9bil to 30bil as per LGE says.
If this is because rising materials cost, this is not PDP fault.
If this is because improper cost management either by Prasarana or PDP, they need to bear the cost overruns. Because the job of PDP is to ensure the delivery of targeted cost and completion time.
Based on LGE comments, it sounds like now is Prasarana issue, neither George Kent or MRCB.

The new Government minister must comment with facts and objective to avoid misinterpretations to the market.

KUALA LUMPUR, July 10 — The Ministry of Finance blamed Prasarana Malaysia today for poorly managing the Light Rail Transit 3 (LRT3) project that caused projected costs to triple from RM10 billion to RM31.45 billion.

Finance Minister Lim Guan Eng noted that Prasarana Malaysia previously secured a government guarantee for an RM10 billion bond facility to fund the Klang Valley project in 2015, but the government-owned public transportation company requested for an additional RM22 billion in government guarantee on March 30 this year to ensure funding to complete the project.

“The Ministry of Finance has already requested Prasarana to drastically review the cost of the project to ensure its viability.

“The Ministry of Finance will not support any additional funding required for the project unless the cost of the LRT3 project is significantly rationalised without compromising on the integrity of the rail network as well as the safety and the quality of service provided,” said Lim in a statement.

https://www.malaymail.com/s/1650867/mof-lrt3-cost-tripled-to-rm31b-under-prasaranas-poor-management

合约可撑2至3年．乔治肯特建筑业务运作如常

（吉隆坡9日讯）受新政府取消大型计划冲击，乔治肯特（GKENT,3204,主板建筑组）股价在变天迄今创逾70%跌幅，该公司董事部今日在股东大会上信心喊话，并强调建筑业务如常运作，手上建筑合约可支撑未来2至3年业绩表现，且目前周息率高达8%。

变天迄今股价跌70%

出席该公司股东大会的小股东向《星洲财经》透露，该公司管理层认为，自大马改朝换代以后，政府检视巨型基建合约，导致不少外资股抛售建筑股，而乔治肯特亦无法幸免。

不过，该公司管理层从不建议股东买进或脱售乔治肯特股票，这是原则。惟他们透露，以目前公司股价，乔治肯特的周息率约8%。

展望未来，该公司管理层说，公司未来将投放更多资源至“老本行”水表制造，该公司期望在未来数年内，水表贡献可从现有的50%提高至75%，并尝试将建筑业务拓展海外。

管理层说，加强水表制造业务，有助于减少建筑业务依赖。

“乔治肯特的水表出口至香港、新加坡等地区，多达40个国家，其品质是区域首屈一指及领先的业者之一。”

不过，股东对此提出怀疑，并引述年报质问管理层为何海外营业额下滑？

管理层回答：“海外营业额虽然微挫，只是合约展延而已，长远来看，水表的需求及成长仍在。对比3、4年前，水表制造的价值为1亿令吉，现在的水表价值是翻倍的成长。”

发展智能水表领域

乔治肯特年报第页显示，海外营业额从9298万8000令吉微跌至9158万1000令吉。

管理层补充，乔治肯特将会发展智能水表（Smart Meter）领域。

有关建筑业务，管理层强调，政府检视基建合约，但这类合约其实尚未颁发予乔治肯特，因此这类合约并不会对乔治肯特造成实质性的影响。乔治肯特现有的建筑合约，仍可支撑未来2至3年的业绩表现。

管理层补充，该公司也有意将建筑业务涉足海外，惟没有披露太多详情。

乔治肯特本业为水表制造，近年来逐步扩至建筑业，更抢下规模庞大的轻快铁3工程。

市场传言，乔治肯特大股东丹斯里陈溪福与前首相拿督斯里纳吉有私交，变天后乔治肯特因被市场冠上国阵概念股而受冲击。

乔治肯特股价从大选前3令吉94仙迄今共挫72.6%，至1令吉零8仙，共丢失2令吉86仙，市值也从22亿1927万令吉蒸发至6亿零833万令吉。

http://www.sinchew.com.my/node/1772569

The mushroom factory already officially softly launched on 13 Feb 2018. Trial run was successfully completed and commercialisation is underway with harvest period of 60 days from inoculation. I believe 3rd or 4th QR shld see the positive result from this new segment.

If construction outlook makes turnaround, definitely PER is not 4x but shld be higher.

Fabien Extraordinaire Market is forward pricing. It's forward P/E is definitely not 4x.
09/07/2018 18:33

很烂的分析

https://themalaysianreserve.com/2018/07/06/govt-ends-zecons-contract-for-petra-jaya-hospital/

It makes me worry about Kimlun-Zecon JV for the Pan Borneo Highway whether is Zecon capable enough to complete the project on time?

PER is 4 which means the earnings yield is 1/4 = 25%. If you think Gadang is good stock, now is the good chance to collect at low price.

Dividend received. Kekeke

Jaycorp may have the chance to tender for TAED Project in Sabah?

https://klse.i3investor.com/blogs/savemalaysia/163999.jsp

Same as other furniture companies, strengthen RM/USD and high material costs bring down the profit margin. Disappointing is turnover registered lower and lower in the consecutive quarters. This is not in line with the business outlook stated on the AR FY2017 which the Group is in view that they can benefit from the China first drop in furniture exports as well as unfortunate natural disasters in the USA. If not the business strategies make some mistakes, then could be the internal production issue eg. inefficiencies on production and process, customer complaints and quality problem.

Proposed 1 bonus share for existing 2 shares

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1069065

Good result. Half year profit equalised last whole year performance plus one cent proposed dividend. Hopefully construction division can contribute profit in the 2nd half year.

Mark your word. Tq.

stzhuat Result confirm koyak. I think will drop to 0.85 by this week. God Bless you guys......
25/06/2018 21:23

Kimlun expects earnings growth to be flat in FY18

Kimlun Corp Bhd is expecting flat top- and bottomline growth in the financial year ending Dec 31, 2018 (FY18), amid uncertainties such as the escalating global trade war between China and the US.

Speaking to reporters after its annual general meeting here today, its chief executive officer Sim Tian Liang explained that the company is cautious about costlier fuel and steel prices as well as higher wages.

Nevertheless, he noted that the zero-rated goods and services tax (GST) will enable the company to see some savings.

"We are hopeful that the new government will take the economy to greater heights, with more transparency and open tenders," Sim said, when asked about his outlook on the construction industry.

He added that the open tender will enable more construction companies to compete equally based on merit.

Kimlun is an engineering and construction services provider specialising in infrastructure and building construction, project management, industrial building systems (IBS) and manufacture of concrete products.

For the first quarter ended March 31, 2018 (1QFY18), the construction company saw its net profit decline 17.78% to RM12.65 million from RM15.38 million a year ago. This was despite revenue rising 29.82% to RM220.93 million, from RM170.18 million in 1QFY17.

As at 1QFY18, its orderbook stood at RM1.94 billion which would keep the company busy for the next two years.

At 5pm, shares of Kimlun closed three sen or 2.16% lower at RM1.36 for a market capitalisation of RM445.67 million.

http://www.theedgemarkets.com/article/kimlun-expects-earnings-growth-be-flat-fy18

产业销售破纪录．金群利逆流而上

http://www.sinchew.com.my/node/1767431/%E4%BA%A7%E4%B8%9A%E9%94%80%E5%94%AE%E7%A0%B4%E7%BA%AA%E5%BD%95%EF%BC%8E%E9%87%91%E7%BE%A4%E5%88%A9%E9%80%86%E6%B5%81%E8%80%8C%E4%B8%8A

On behalf of the Board of Directors of GPB ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a renounceable rights issue of up to 150,202,583 Rights Shares on the basis of 1 Rights Share for every 5 existing GPB Shares held, together with up to 450,607,749 Warrants on the basis of 3 Warrants for every 1 Rights Share subscribed for, based on an entitlement date to be determined later ("Entitlement Date") ("Proposed Rights Issue with Warrants").

Details of the Proposed Rights Issue with Warrants are set out in the attachment enclosed.

This announcement is dated 22 June 2018

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1067574

Sometimes win, sometimes lose.
But dun blame someone like Harry Teo just because he calls for buy.
Be responsible for yourself in the stock market.

No surprise. Already expect the poor result under current competitive cost environment.
Worth to buy if only share pricing below RM1.

https://www.themalaysianinsight.com/s/55945

At least not all is bad news. One of Gadang ongoing projects is the TRX city Package 2 project.

The Board of Directors of Kimlun Corporation Berhad (“KIMLUN" or "the Company”) is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the award of a RM53,478,000 construction contract from Nusajaya Rise Sdn Bhd for the execution and completion of earthworks, road and drainage and other ancillary site works for Gerbang Nusajaya Development, Mukim Tanjung Kupang and Pulai, Daerah Johor Bahru, Johor ("the Project").

The construction work is expected to be completed by end of April 2019.

The Project is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above contracts.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1067175

Thanks CY1214 for your great summary.

2018 AGM key points to jotdown:

1. Plantation needs 6 years to reach mature. The MD is very confident that plantation for the 1000 acres will be making profit.
2. The Group unable to provide estimate amount for the cost saving initiative because they're still in the beginning stage currently.
3. Asian export market mainly is HK, Taiwan and China.
4. New product development for horizontal products eg. Sofa as the MD emphasize the product valuation can bring higher value added profitability.
5. The Board won't consider to exercise share buyback.
6. Raw material cost represents about 60% of total cost. Rubberwood is not the major part on it because raw material cost also include other components such as chipboard and MDF. Hence, rubberwood export ban on last year didn't bring much benefit to them.
7. Cost pass-on to customers takes about 1-2 quarters. MD believes 3Q can see the profit normalised as they have 3 to 5 months back orders on hand.
8. Foreign worker represents 70% of total workers. Levy fee and revised minimum wages increased their cost significantly. That's why they are very keep emphasized on costing matter to improve the bottom line.
9. US market is still most significant market to them as there's about USD6 billion furniture demand over there.
10. The Group will look for automation equipment from China as there're more advanced & high-technology machine and the cost is also reasonable.

Appreciate if other attendees can further add-on because there's too many Q&A in this AGM. I didn't copy or memorize all. TQ.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1065468

Empty tin makes the loudest noise.
Now the share price is back to the trend it shall deserve.

Recently, Matrix has been constituted to the F4GBM index will help to attract more ESG equity funds investing into such good & compliance stock.

Definitely a good news.

China market contributes almost 50% of Hevea Particleboard revenue. And Hai Men Nuo Deng Decorative Panel Co Ltd is wholly owned by Mr. Ye Jian Bing, who is the substantial shareholder of Shanghai Jie-Tian Decoratial Co Ltd, a distributor with currently imports products from Hevea.

With the registered capital of USD20mil (or RM79.6mil), they intend to set up a decorative panel processing plant in Haimen, Jiangsu to serve the China market. In the long term, Hevea can save the distribution & transport cost, lower the material cost and fasten the delivery cycle to end local customers.

Pls rmbr this key person name: Mr. Ye Jian Bing (叶建兵), below link is his interview:

http://www.sbmia.org.cn/Item/8548.aspx

Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of HeveaBoard Berhad (“HeveaBoard”) is pleased to announce that HeveaBoard has on 8 June 2018 incorporated a new subsidiary namely, HeveaBoard Eco Panel (Haimen) Co., Ltd.

Please refer to the attachment for further details.

This Announcement is dated 8 June 2018.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1065088

Researcher house and analysts are seriously underestimate construction counter including Kimlun.

The Board of Directors of Kimlun Corporation Berhad (“KIMLUN" or "the Company”) is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the award of a RM144.10 million construction contract from Focus Ace Construction Sdn Bhd to design and build roads and interchange in Johor Bahru, Johor ("the Project").

The construction work is expected to be completed by end of October 2020.

The Project is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above contracts.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1064344

The Board of Directors of Kimlun Corporation Berhad (“KIMLUN" or "the Company”) is pleased to announce that its wholly-owned subsidiary, SPC Industries Sdn Bhd had accepted the letter of award from M+W Singapore Pte Ltd for the supply and delivery of pre-cast concrete building components for Singapore Dollar 27.00 million ("the supply contract").

The supply and delivery of the components is expected to be completed by end of December 2018.

The Company does not foresee any exceptional risk other than operational risks associated with the supply contract.

The supply contract is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial year during the supply period.

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the supply contract.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1064346

Need to have strong holding power for 3-5 years.

Pay back PTPTN also one path to save our country!

Jaycorp advantage compared to peers is they are involved into business diversification.
From packaging carton box, rubberwood processing to furniture making, it helps them to mitigate unnecessary cost and control the pricing power to end customers.

Let's talk about the fact and figures.
Extracted from Note: Investment in Joint Venture from FY2016-2018 Annual Report, we can see the some details regarding the JV with MRCB for the LRT3 Project：

Year Revenue Profit
FY2016 4.5mil 1.1mil
FY2017 120.1mil 11.7mil
FY2018 503.1mil 33.6mil
Total 627.8mil 46.4mil

In other words, GKent recognised RM23.2mil (50% of RM46.4mil) net profit from the past 3 years. As the LRT project budgeted cost is RM9bil, the progress is just 7% (RM627.8mil divided by RM9bil) so far only. And dont forget this project is scheduled to be completed by Aug 2020. We can imagine the next 3 FY result will be much higher. From the bottom side, the profit not yet recognised is RM270mil (RM4.5bil x 6%) minus RM23.2mil = RM246.8mil.

You can exclude their construction division for the valuation purpose first since it still yet to contribute any profit to their results.
The main revenue & profit contribution are still furniture making.

Misleading info

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1062220

Annual report 2018 already released and too bad no final dividend declared to us.

18Q1 PAT increased by 27% to RM4.6 million.
GP margin improved to 14.22% from 17Q1 of 10.70%.
EPS is 2.46 and declared first interim dividend of 2 sen per share at the sametime.
Good news indeed right.

Top up at RM1.16.

George Kent RM5 billion contract on hand including:
RM4.5 billion - LRT3
RM494 million - MRT2
RM642 million - Hospital in Putrajaya and Selangor

They din get the HSR and ECRL contract as at todate.

【强人】无现金交易时代　KiplePay让手机化身电子钱包
http://www.orientaldaily.com.my/s/244271

RainT nothing else can say except keep critise and ask ppl to sell.

Liihen's big customer base is there already, so topline is not much to worry about.

High raw materials and operating cost is always not the main concern, the more critical issue is how fast they can pass-on cost to the customers within the short time. Second is how well their operational efficiency to achieve economics of scale so to optimise the overall production cost.

More crucial is the labour shortage because we won't know how fast they can resolve this issue. Doesn't see much detail on this from the QR.

Current Year Prospect:

The global business environment is currently challenging due to additional particleboard capacities
coming on stream, and the macroeconomic condition is also highly uncertain. The Board is however of the opinion that with the particleboard sector continuing to focus on developing higher value products, to better manage cost and efficiencies, the Group should be able to manage the challenges ahead. As for the RTA sector, labour shortage issue is finally showing some positive developments and we hope to be able to get back to our desired momentum soonest.

Great to hear that labour issue is considering solved. Hopefully 2Q will see profit turn to be positive in RTA division meanwhile Gourmet Fungi division shall be expected to contribute little profit in 2Q.

Harrry is also same as us being normal people, he is not a god of Bursa.

Poor result actually, but dividend of 2.5 sen remains the same as LYQ1 despite bonus issue completed. In other words dividend improved by 40%!
Dun forget the land disposal is expected to be completed in 3Q18 which converted to 5.56 EPS.
Hopefully the plantation profit will be getting better in next quarter.

No harm to know what research house says.
Let them win trading volume and we win return.