Take some time. New Contra players, don’t jump too fast. Give another 1 or 2 days. Let price stabilise and stay.

Hopeless fellows

Kevin Wendell Crumb

Kaki lembih

Yes Calvin, hope what you say about insiders buying may come true. That would be good for all of us.
Hope they are not playing any tricks here.
Have to search for bullets now.
Not easy.Thanks for your reply.

Why this news come so late as the award is in the past year?

This song reflects my state now.
I have been doing what has been stated in the song.
Hope the Lord will have Mercy upon me.
Thanks for the confirmation, Bro Calvin.

Don’t waste your commission money. If possible keep it for some time. Construction news are flowing in. It may dip sometime but surely will come back.

Small job. Sugarcane for elephant

Buy some and keep lah, friend.

T4 today. From Monday onwards will fly. Heard someone saying but I don’t have anything in ucrest.Just informing.

KUALA LUMPUR (March 8): Petroliam Nasional Bhd (Petronas) has ramped up its allocation for capital investment in 2019 to "slightly above" RM50 billion, compared with RM46.8 billion in the financial year ended Dec 31, 2018 (FY18), according to president and group chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin.

"Last year, we spent below RM50 billion. This year, we are anticipating slightly above RM50 billion," he told a media conference after delivering the national oil firm's financial results here, today.

The RM46.8 billion capital expenditure (capex) that Petronas spent last year — 46% went overseas and 54% were for investments in Malaysia — was 5% more than the RM44.5 billion it spent in FY17.

"In terms of capex, traditionally we have been allocating about 70% for Malaysia and 30% for international investment in previous years.

"We will continue to invest in Malaysia for sure. In terms of absolute numbers, our investments in Malaysia [have] grown pretty significantly over the years. So, going forward, it will still be significant investments in Malaysia," Wan Zulkiflee said.

He said a lot of the capex over the past few years had been for the development of the Pengerang Integrated Complex, which is part of Petronas' downstream segment. Since the project is already at 97% completion, the upstream segment will see a higher share of the capex going forward.

For 2019, the upstream will get RM30 billion of the total capex, of which RM15 billion will be spent domestically. "We are also venturing into the renewable energy space and that will also take up some of our capex," said Wan Zulkiflee.

Confirms considering Indian solar firm buy
Wan Zulkiflee also confirmed media reports that Petronas is considering to acquire a majority stake in Indian-based Amplus Energy Solutions Pvt Ltd — one of India's largest rooftop solar power producers — in a deal that could be worth 2,700 crore rupees (RM1.56 billion).

"We are exploring, reviewing, and assessing opportunities in renewable energy specifically on solar energy and specialty chemicals. This is an ongoing exercise. There are many opportunities that we screen and India is one of them. But there are also work that we are doing in Malaysia on this," he said.

It was reported in mid-January that Petronas was seeking to buy into Amplus, which was founded in 2010 and has set up power generation capacity of 350 megawatt across India.

It was said that besides Petronas, Amplus has also garnered the attention of other oil majors, including Norway's Statoil ASA, France's Total SA and Royal Dutch Shell Plc, according to Indian business newspaper Mint.

In Malaysia, Petronas already has some small solar power assets such as its plant in Gebeng, Pahang, and has conducted research on solar panels on the rooftop of the Suria KLCC mall.

Petronas to ramp up FY19 capex to above RM50b; confirms mulling Indian solar firm buy

By Emir Zainul

Kelantan to gain from five Federal projects — Azmin
Bernama
/
Bernama

March 07, 2019 18:21 pm 08




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KOTA BHARU (March 7): Kelantan stands to benefit from spillover development when the Federal Government gives priority to the completion of five key projects in the near future, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said today.

He named the projects as the East Coast Expressway Phase 3 (LPT3), Sultan Ismail Petra Airport expansion and upgrading, Pasir Puteh-Machang-Jeli new route, Kota Bharu-Kuala Krai Expressway and Palekbang-Kota Bharu Bridge.

“Prime Minister Tun Dr Mahathir Mohamad gave his approval for all these projects at a meeting of the East Coast Economic Region which he chaired.

“Today, the Kelantan Action Council meeting, which I chaired for the first time, decided to give priority to the completion of the projects,” Mohamed Azmin said after the meeting as well as a meeting with civil servants, here.

Also present was Deputy Economic Affairs Minister Dr Mohd Radzi Jidin, who is also the deputy chairman of the Kelantan Action Council.

Mohamed Azmin also announced that the Federal Government had allocated RM1.4 billion for development in Kelantan this year, some RM200 million more than the previous allocation.

Elaborating, the Minister said all the projects to be implemented would have a huge impact on the development and well-being of the people of Kelantan as well as provide employment opportunities for them.

On the LPT3, he said it involved a route from Gemuruh in Kuala Terengganu to Tumpat over a distance of 150 kilometres and is important particularly in boosting the economy at the Tok Bali port in Pasir Puteh.

“The Tok Bali port area has the potential to be a new economic corridor and it is important that it be transformed into an industrial site for more efficient shipment of goods,” he said.

Mohamed Azmin said it was necessary to build the new route linking Pasir Puteh, Machang and Jeli to better facilitate land transportation as a means of boosting the Tok Bali port area.

He said that currently everything had to be routed through Kota Bharu and this resulted in a delay.

On the Sultan Ismail Petra Airport, Mohamed Azmin said its expansion and upgrading would cost RM450 million and the project was expected to begin at the end of this year or early next year.

"The airport has become congested, handling 1.5 million passengers. With the completion of the project, it will be able to cater to four million passengers and become a regional airport hub,” he said.

On the Palekbang-Kota Bharu Bridge, the Minister said the bridge would help speed up the journey between Tumpat and Kota Bharu as the present route is congested, especially during peak hours.

He did not elaborate on the cost of construction.

On the Kota Bharu-Kuala Krai Expressway of 123 kilometres, Mohamed Azmin said a section of the highway is ready and he hoped that it will be completed on schedule and will be of quality in terms of user safety.

"The route involves a link between several districts in Kelantan and will be built as a central spine road and incorporates the proposed People’s Highway which the previous Government was unable to build,” he said.

Mohamed Azmin said the council was briefed by the relevant Ministry as to the status of all the projects.

He also said that he would meet Kelantan Menteri Besar Datuk Ahmad Yakob to discuss cooperation in the implementation of the projects.

Mohamed Azmin reiterated that the Federal Government was giving priority to Kelantan so that the State would not be left behind in development.

5 big project announced for East Coast. Main beneficiary is Ahmad Zaki.

Wow it broke.

If it breaks 55 cent, then it is a straight go.

Ministry hopes to seal revised ECRL deal by April
The final decision on the East Coast Rail Link (ECRL) will likely be finalised in April, following possible further cost reduction by the Chinese government, Finance Minister Lim Guan Eng said.
“I think the prime minister (Tun Dr Mahathir Mohamad) had mentioned some price reduction and we are still discussing and hope these discussions can be carried out quickly, hopefully in time for Tun Mahathir’s visit to China in April,” he said after launching the Industry Digitalisation Transformation Fund recently.
The ECRL, launched by former prime minister Datuk Seri Najib Razak, comes with a hefty price tag of RM55 bil. The agreement for the passenger and cargo railway line stretching 688km was signed in October 2017 and set for completion in 2024.
The ECRL is being reviewed by the government with negotiations ongoing between Malaysia and China.
However, following discussions with the contractor, Mahathir said the project could still be carried out at a cost of RM35 bil.
So far, the government has paid RM200 mil in interest, based on the RM55 bil loan taken from China Communications Construction Company, which is the main contractor of the ECRL.
“This money should be used to help the people but was used to pay debts left behind,” Mahathir was quoted as saying at a media conference after opening National Landscape Day at the Botanical Garden in Putrajaya recently. FocusM

This ECRL is do or die mission. In Bandar Malaysia many were killed. I don’t know my fate in ECRL. I got AZRB and T7z

This ECRL is like Bandar Malaysia story.Little while IWcity will shoot up and then Malton will go up. Iwc will go down then Ekovest will go up. Then Wanda Dalian not good term with China govt, then Botak Lim don’t like Ajib. Then all counter die and I also die. Ha ha ga

Ask Calvin. You didn’t read all he wrote all this while. I have memories all. Day in day out so much about 3 storey buildings near station and appreciation of farm land etc etc. You don’t know meh?

But on the other hand, if we build a railway line that is going to cost us a lot of money and give us no return, we just cannot afford to do that," he said.

Speaking to the foreign media during his trip in Manila, where he is meeting Philippine President Rodrigo Duterte, Dr Mahathir said the government does not have the money, and it cannot borrow large sums of money to build something which is not only would have no ROI (Return Of Investment), but “would take the country 40 to 50 years to repay the loans.”

"So, we want to avoid incurring debts; borrowing too much from the country.

"We have to look into the needs - do we need this railway line or not? We have had the west coast service by rail for more than 100 years. But, still it is not profitable.

"And the west coast is where all the businesss (and) all the people are," he said this in an interview, which is recorded by South China Morning Post.

Last year, Dr Mahathir was reported saying that the ECRL project needed to be cancelled because it was unnecessary and too expensive.

However, earlier this year, Dr Mahathir announced that plans to possibly revive the project with discussions, which have been led by Tun Daim Zainuddin, with the aim of reaching a smaller project size and cost.

Dr Mahathir also pointed out that the Chinese contractors do not want to stop the project, as it is good for their business.

When pressed by reporters on a price point at which Malaysia will say 'Yes' to the ECRL, Dr Mahathir merely replied, "Yes, yes there is, but I cannot reveal to you."

He also noted that the government is in the midst of negotiating the deal with them, pointing out that to cancel the project would cost the country a hefty price.

"We know that you can't terminate unilaterally a contract. You would have to pay compensation, and the compensations can be very big," he added.

The RM81bil ECRL project was approved by the Cabinet under former prime minister Datuk Seri Najib Tun Razak in October 2016.

The construction was to be handled by China Communication Constructions Company Ltd (CCCC), while the financing was to be provided by Export-Import Bank of China (Exim Bank of China).

Malaysia would be able to secure part of the loan from Exim Bank of China, on the condition that CCCC builds the railway.

The 688km rail link, if built, will connect Port Klang in Selangor with Pengkalan Kubor in Kelantan, and will be constructed in two phases.

PETALING JAYA: Prime Minister Tun Dr Mahathir Mohamad says the government would give the East Coast Rail Link project the green light if China contractors agree to significantly reduce the price.

"If it must go on, the price must be affordable by us.

The recent speech few hours ago looks like ECRL akin to a cat on the wall. It may go both ways, we may not know. There is absolute to revenue from ECRL where Govt would be burdened to pay back for 40 to 50 years.

Wow, scomi group is making back, any news?

Do you know how many years I have seeing the same tower cranes, mobile cranes, backhoes,bulldozers,concrete mixtures,passenger hoist etc etc and have not changed till now and will go on forever?

Construction technology: Which year Portland cement was discovered and still we use the same thing. Which year was sand created, in the beginning of the world sand existed.When was brick created, that is during Moses and so on.
But do you know that diodes became triodes and triodes become circuits and circuits became integrated circuit and all the way now as chips.
Do not compare construction evolution to digital lah.
Ha ha you know how many times in this few years that you have upgraded your TV set?

Mrt is basically iron, steel, bricks, sand, cement and this concept has already existed long ago but not SKIN which needs upgrades like your PC so often.

From 7.8% down to 5.2 % Kwap holding now. Their holdings have lost 73% of share value and still selling.Once it goes below 5% holding they will to be no substantial share holders and need not report their selling anymore. So what is happening now? Do you think it’s that easy for TSMY to just turn the plate and give back the pie to Press, when he said that the system is outdated and require modern sophistication to be incorporated?
Think wisely before acting. This is only my view.

Why then Kwap is disposing like no tmrow?

Who is TSVT,?

Did anyone saw the news that ECRL will be announced next week? If so in which media it appeared? Mind to share here.

Earlier I was also angry with Calvin. He shouts 10 to 20 counters a day. All I went in resulted in loss. But now I believe he is a refine person judging from his Sunday articles being hopeful a God fearing man and would not and expected not to harm human beings for selfish riches. His current blog articles are excellent with inputs of really his time and effort. My hope is that he will lead us not in temptation but deliver us from financial crunch which most of us are going through now.

Simple, if a person wants to follow Calvin’s recommendations, just follow. Or else, just stay out.
Do not pass adverse remarks on somebody’s work.
Take it or leave it policy is the best.

Market so bad, some have pay for SST, does not make sense.

Loss 242mil.

By the time it recovers, many will be killed.

The first indication of the health of a nation reflects on the economy which directly links to companies progress which in turn reflects in the share market.If companies do not do well due to policies, then the fall of the market weakens further and ignited an overall collapse.
Ler then know this simple fact.

Looks like Philip has a correct looking at the way PANTECH dropping.

Calvin, can come to PANTECH forum to comment something? Philip has dashed our hopes.

Heaven punter may have 5 cents for a margin call.

Heaven Punter has got 4.5 cents for a margin call.

Atleast BN time, if market drop institutions will have a buy. Now institutions also selling with foreign.
Adoi, where is the end??

See lah the market. You decide lah whether good or bad.

Rich guy

Najib is asking why now selling Khazanah asset/ share when the market is bad. Reasonable, collapsing the market further.

Calvin has posted articles on PANTECH nearly a week ago. Why now only open mouth Philip? So you also enjoyed the ride up and now what to be low to pick again???

America is buying so much of Chinese products as you will see how the GDP jumped over years and was a shock for America until they started imposing tariff on Chinese goods. Trump could not go ahead in force the reason being the protest of US companies doing business out of cheap Chinese goods or parts.
Pengerang may not do business with ABB or so as they are too cocky and expensive, may the products are branded but the fact may the produce of China. One main factor, Chinese cheap labour leads to cheap products but not in poor quality, if so US may not buy from them so much.
In a way PANTECH may be benefitted by Pengerang projects. My 2 cents thoughts.

* mplus

Moly’s TP is 48 cents