PMO just mentioned that IWH will top up 500 mil on top of 741 million. That was a message given to PMO office and the office forwarded to all. That does not mean that Tun has consented that IWH will be awarded. PH is a straight forward and a cut and right govt. How on earth they are to answer public’s questioning of a one sided lobsided deal when the previous govt has officially terminated the project and the money deposited by IWH was officially refunded??
I am sure they will go for a open tender to avoid corruption, lob sided deals and straight to the point of selecting quality contractor with a low bid, it can be IJM, WCT and many more. IWC stands a good chance if their quote is lesser than other companies.
This is my view.

Next they will push the warrant for today.

We cannot blame any companies now. You see, local institutions are selling along foreigners. Investors have lost hope in Malaysian companies because of a bunch of nuts who do not know the simple fundamental of a stock market and its relevance to the countries’s economy. From day one stock market was neglected, this bunch of fellows thought the stock market is another morning market. See how it has deteriorated the country’s economy till the extend we are at people’s mercy now to degrade our ratings.
A shame and failure for us all.
How on earth this can happen?
See President Trump, how close he is and acting everyday to boost up the market .
Understood?

http://www.theedgemarkets.com/article/ekovest-iwcity-plunge-sustained-profit-taking?type=corporate

Ha ha you don’t know what happened in 1998? Almost same situation now. Nobody could do anything in 1998, resulting in pegging of ringgit. You know what is the consequence? Just be cautious.

Don’t know how to manage, don’t talk big, to the extend of down grading.now.

Given to the wrong hands, and now backfiring us.Alas!!!

Still they have not realised it is the market liquidity that concerns.

FTSE Russell said Monday it may drop Malaysian debt from the FTSE World Government Bond Index because of concern about market liquidity, roiling the nation’s currency and bonds on Tuesday. And less than two weeks ago, Norway said its sovereign wealth fund will cut emerging-market debt including Malaysian securities from its index.

http://www.theedgemarkets.com/article/ikhmas-jaya-makes-third-deferment-construction-new-manufacturing-facility?type=malaysia

Third time differed.

Zero cool, I also feel the same. All the good days are gone to dustbin. Tinggal nyawa lekat dengan tulang shaja

The world’s worst major stock market is really, really boring http://www.thestar.com.my/business/business-news/2019/04/16/the-world-worst-major-stock-market-is-really-really-boring/

There will nearly more than 2 billion worth of sub structure works namely piling, bored piling, temporary and permanent shoring works involving sheet piling, retaining walls, diaphragm walls and also slope stabilisation works, entry and exit passage for any tunnels include soil stabilisation using piles and or chemical stabilising. Bored pile or driving spun piles for over head bridges, bridges over rivers, pedestrian crossings etc etc etc. Coastal areas would require a lot of soil stabilisation. All this on execution have also be tested for various technical data for compliance. If fail, other methods have to be implemented by consultants and does not deemed to be contractor’s failure.
There are many companies executing types of jobs namely Bauer, Keller and those geotechnical companies.
But I fell Econbhd stands out in ECRL project as it a local listed company with vast engineering design experience.

All markets are in deep green. We????

Stock market is a yardstick of the economy. If you cannot revive or support like other countries you are doomed. This simple logic also people don’t lah.
How?

Regional markets so green.

http://www.theedgemarkets.com/article/malaysian-stock-market-keeps-missing-out-global-rally?type=corporate

http://www.theedgemarkets.com/article/malaysian-stock-market-keeps-missing-out-global-rally?type=corporate

The above news is apt and exact.

http://www.theedgemarkets.com/article/malaysian-stock-market-keeps-missing-out-global-rally?type=corporate

http://www.theedgemarkets.com/article/malaysian-stock-market-keeps-missing-out-global-rally?type=corporate

They are not going for a PDP, I suppose. AZRB May get the projects as main contractor or directly as Bumi Contract quota. T’ganu and Pahang are a great advantage for AZRB.

Closed very strong despite market weakness and profit taking on construction companies.

Anyhow, I just gave a word of caution. I don’t know much of legal procedures.

Be cautious. Suing the govt is something unusual lah.

Sue the govt? Scaring to hear.

IFCA banks on SME market growth to outdo FY18’s performance

By Justin Lim | 2019-04-15 09:04:10
KUALA LUMPUR: IFCA MSC Bhd, which recorded a 25% jump in net profit in its financial year ended Dec 31, 2018 (FY18), anticipates another double-digit growth in earnings for its FY19, supported by an expected growth in subscriptions for its business solutions, especially the small and medium enterprise (SME) segment.

The group’s FY18 earnings were lifted following a 142% surge in net profit to RM9.02 million in the final quarter of FY18, from RM3.73 million a year ago, as revenue climbed 27% to RM33.02 million from RM25.94 million.

This lifted FY18’s net profit to RM12.08 million from RM9.66 million in FY17. Revenue was up 6% to RM93.98 million from RM88.29 million previously.

IFCA’s chief executive officer Michael Cho Ngai Ming, in an interview with The Edge Financial Daily last week, said the group’s traditional strength has been in the enterprise segment, where it caters to the larger businesses of vertical markets it serves, like property, construction, and hospitality, and has developed proven and trusted products.

IFCA’s next focus is to leverage on its market experience in the enterprise segment to further tap the SME market, which has a much larger volume of potential customers, and which will allow the company to accelerate the growth of its customer base, Cho said.

He said the growth in the SME market will be backed by new products that offer competitive and affordable subscription pricing, with cloud and mobility features that empowers multi-tasking and business on the go, which allow quick adoption.

“Look at where we are today in terms of revenue. In the next three to five years, if we manage to capture 5% or 10% of this [SME] market, the revenue would be quite wild,” Cho added.

IFCA will also be launching several new mobile-based solutions under its Software as a Service or SaaS segment, where SMES will be able to subscribe to the solutions and simply pay as they use for them. The new rollouts are Hotel X, HR365 and Contract365, which cater to the areas of hospitality, human resources and payroll, and construction, respectively.

The products’ simple features, always-on-cloud infrastructure and their focus on mobile will allow SME users to multi-task and conduct their businesses on the go, Cho said. They are also affordably priced to enable quick adoption to help SMEs quickly adopt to digital transformation to be more competitive.

Cho expects the move to start bearing fruit by the fourth quarter of this year, given that the investment in the new modules is not too hefty and that the products can be easily scaled to different customers for further market expansion, even for overseas customers.

Asked if there is a possibility IFCA could repeat its stellar FY15 performance when it recorded a record net profit of RM21.6 million on the back of a RM101.62 million revenue thanks to the implementation of the goods and services tax, Cho said: “It is highly possible.”

But this depends on how well its plans are executed, and whether there are increasing headwinds from external risks, like whether US and China can come to a trade deal, which may impact the group’s performance as it has operations in both countries.

Since the bumper net profit it saw in FY15, IFCA’s net profit fell to RM518,000 in FY16 due to weak property market conditions, before rebounding to RM9.67 million in FY17 and then RM12.08 million in FY18.

Meanwhile, the group intends to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia in the next 12 to 18 months.

The group said it has met the profit-after-tax (PAT) requirement of at least RM20 million in aggregate over the past three to five financial years, with a minimum of RM6 million PAT in the latest financial year.

Cho believes the transfer will raise the group’s profile and garner better investor interest.

Last Friday, IFCA’s shares fell a sen or 2.35% to close at 41.5 sen, giving it a market valuation of RM251.91 million.

Year-to-date, the stock has jumped 107.5% from when it was trading at 20 sen apiece.

The present route is very impressive. Well planned through headquarters and busy centres.

This someone have invested so much with confidence that the price definitely is moving up. Should not be a contra player. This counter cannot play contra.
I am sure he will not force sell.
Azrb is going to be a beneficiary for many projects proposed in the north and east coast.
So patience is virtue. Last Friday, some took profit because of fear as there were no action immediately after the ECRL announcement.
It will inch up gradually to 70 cents atleast.

There are numerous locations the piler have to move and there a mobilisation of machinations to particular site and demobilisation charges can also be claimed.

Besides the above, claims can be made on MLT- maintained load test, dynamic pile test, pile test with sensors and pile integrity test.

Piling is a specialist work, and the rates are normally high because it is specific job. Not forget diaphragm walls and the number of pedestrian bridges.

Overhead bridges, bridges over rivers, retaining walls, soil stabilisation mainly stone piling etc etc

All the breather and profit taking of construction companies has been done just immediately after the announcement of ECRL yesterday. Come Monday with DJ swung 269 point, Tun M announcement, all the construction stocks will start its rally again upward.
Econpile will still and a good chance.

It said on Friday the the additional demands for cement and steel bars only amount to 1% to 2% of the current annual consumption of cement and steel bars locally.

“Also, given the government’s strong commitment to fiscal prudence, we are concerned that this could be a 'zero-sum game' as the revival of the still massive ECRL may deprive the government of its ability to implement other infrastructure projects over the next four to five years,” it said in its report.

The report was issued after the Prime Minister's Office announced the ECRL project would go ahead but the cost has been reduced significantly by RM21.50bil to RM44bil – this was a 32.8% reduction in the earlier cost of RM65.5bil.

Malaysia Rail Link Sdn Bhd (MRL) and the China Communications Construction Company Ltd (CCCC) had signed a supplementary agreement which would pave the way for the resumption of the ECRL.

The supplementary agreement, which covers the engineering, procurement, construction

KUALA LUMPUR: AmInvestment Research sees the revival of the East Coast Rail Link (ECRL) as positive to both the construction and building material sectors but it is “no game-changer”
to these industries.

Did you all read,,!! Aminvest has open their nasty and dirty, but not on Econbhd but on construction sector.

U R welcome.

April 2 is what the Chinese Govt wanted Tun Daim to conclude the discussion but Tun Daim said that it may be concluded by that weekend. Of course there will be some hiccups that would need some time finally to iron out. Now that we have the news that he is there which almost confirm certainty in the revival of the project.
So now we have to till 2 pm tmrow to know what is finalised and also when and where the signing ceremony will take place. Rep from AG’s office is also present, that indicates signing is confirmed.Standby already maa.!!

Sleeping

Absolutely

Facsc118, mind to share the link.pls.

Guys, don’t jump in . It is a gimmick they are playing. Trying the best to sell theirs.

Now operators are selling. Tak boleh tahan already.Die lah you fellows. Want to play cheat??

Unlike those days were the days when market drop, institutional support will step in.
Unaware and unnoticed, companies are the major contributors to the income of the nation.
See how the market is acting vaguely.

Kill the operators. Don’t buy. Definitely trap. Won’t go up one. Hit 54 cents and surely come down.

KUALA LUMPUR (April 11): The FBM KLCI dropped 0.69% to its lowest level in three years at the midday break today and wiped out some 267 points from its 2018 peak of 1,895.18.
Anticipate markets to congest sideways with downward bias amidst the lack of fresh positive catalysts," it said.

Local institution inactive. Only selling.
Where are we?????

Foreign fund moving out. Moving to Indonesia, Thailand, India and Vietnam.