Posted by probability > 2018-10-09 19:48 | Report Abuse

exactly like i had mentioned earlier, agree with felicity

Posted by popo92 > 2018-10-09 19:57 | Report Abuse

apparently our new government doesn't have the insight and intelligent, even though they seem trying hard.

Posted by Lau333 > 2018-10-09 20:01 | Report Abuse

To PH government, the sanctity of contract is of little value...

Posted by Lucas Chan > 2018-10-09 20:02 | Report Abuse

Absolutely

Posted by ks55 > 2018-10-09 20:07 | Report Abuse

Talk less.
Just tell us how much is Gamuda worth?
My TP is 1.50 by end of 2018.........

Posted by godhand > 2018-10-09 20:10 | Report Abuse

Felicity sifu has very deep insight. By giving mega projects to other countries, the money is going outwards which is the stupidest idea. The whole idea about mahathir creating a third national car is to establish Malaysia as a global economy power which can compete internationally not dependent on others.

Posted by Goh Kim Hock > 2018-10-09 20:11 | Report Abuse

When the PH govt relooked at the contract, I believe they found some irregularities or markup costs, hence, the reason to renegotiate and activated the clause to terminate if necessary.

Posted by teareader818 > 2018-10-09 21:18 | Report Abuse

Seems so obvious, mark-ups for whom? From day one PH is determined to `drain the swamp'. On a personal level, I believe you'll do the same. So it is prudent to check your portfolios for any lurking swamp creatures.

Posted by ajibkor > 2018-10-09 21:21 | Report Abuse

LGE flip flop is the problem.

Posted by shortinvestor77 > 2018-10-09 21:37 | Report Abuse

Honouring contracts signed is upmost integrity. If not. GOD will punish thr defaulters whatmore when causing so many humans/breadwinners unemployrd.

Posted by Jr Jie > 2018-10-09 22:00 | Report Abuse

good insight

Posted by Hidup_Anwar > 2018-10-09 22:22 | Report Abuse

Anwar doesn't want be PM yet? How abt replace LGE as FM if wins PD?

Posted by lcwin > 2018-10-09 22:33 | Report Abuse

Gamuda have to partner with a parasite MMC to get jobs and this is used to siphon overprice subcontract job for the anak anak parasites of BN. There is no way Gamuda can offer better price as all this parasites have to feed or no deal. This have been going on for a long time to enrich the parasite gravy train buta gaji way of life. So the present contract is definitely overpriced and need re tendering again with transparent cost breakdown.

Posted by GreatDreamer > 2018-10-09 22:57 | Report Abuse

LGE bully stretegy will work only for weak players (eg Gerge Kent). It wont work on Country Iconic Company. Soon LGE will U-Turn again.

By continueosly dishonouring the contract signed mean investor interest are not protected. As such, foreign investors will keep leaving Msia and there is no sign of leaving will end soon. When foregin investor leaving, this make our Economy slow down. Soon Interest rate will down and also Exchange rate.

Posted by apolloang > 2018-10-09 23:06 | Report Abuse

good for LGE to bully jibbie's golf buddy.....hahaha

Posted by SpicyMcDeluxe > 2018-10-09 23:14 | Report Abuse

All just wayang, they just want the terms to be renegotiated

Posted by mamatede > 2018-10-10 12:42 | Report Abuse

I'm voting for a cheap that also employ malaysian and have technology transfer.

Posted by mamatede > 2018-10-10 12:45 | Report Abuse

Contract is only contract usually they have exit clause that are agreeable to both parties that which they signed. You dont bond for life..

Posted by Buns > 2018-10-10 15:03 | Report Abuse

Yes of course got exit clause. that's why Felicity say they must pay compensation to get out of contract

Posted by Junichiro > 2018-10-10 15:13 | Report Abuse

When banks retrenched their staff, there is no public outcry over the loss of jobs n it seems only ex-bankers are qualified to join the ranks of the unemployed.

Posted by Junichiro > 2018-10-10 15:20 | Report Abuse

Tony Pua : "Should we instead question why MMC Gamuda had initially agreed to, but subsequently refused to share costing data with the independent consulting engineer to justify its cost, claiming “trade secrets”?

I think this reveals a lot.

Posted by Jonathan Keung > 2018-10-10 15:53 | Report Abuse

tunneling half done. for another contractor the mobilisation cost ! will be far higher

Posted by lextcs > 2018-10-10 16:33 | Report Abuse

if there is not such a crisis its shares will never drop to this level...Buy if we dare afterall this presents a rare moment of buying opportunity. So BUY BUY BUY

Posted by ks55 > 2018-10-10 16:35 | Report Abuse

By going through statement issued bu MMC-Gamuda JV, what can you make up?
Still thought they are indispensable?
Why still so arrogant?
I don't think that statement was drafted by China man.
But BOD must be responsible for the issuance of this statement.

Posted by ks55 > 2018-10-10 16:39 | Report Abuse

The consequences of issuing such a statement prompted Tony Pua to issue counter statement.
Final resultant is MMC-Gamuda (or Gamuda itself) will fall out of favour with MoF.
Next Gamuda need not tender for any govt related project.
They should only going to international arena, if they really think they can compete without tongkat........


Say GOOD BYE to Gamuda........................................

Posted by qqq3 > 2018-10-10 16:41 | Report Abuse

I support Tony Pua

Posted by smalltimer > 2018-10-10 17:07 | Report Abuse

All GoM contract has IRR capping. This was not mentioned or disclosed. Why?

Posted by dusti > 2018-10-10 17:19 | Report Abuse

MMC-G had it good for this contract. maybe they can do with less profit. I see a win-win situation here. So, G's share price will recover. Many commentators have taken side before they commented.

Posted by Undi_PAS > 2018-10-10 17:20 | Report Abuse

Pas no need GST nor SST.

Posted by TakeProfits > 2018-10-10 18:57 | Report Abuse

Agree with you ov123. All this looting and nonsense must stop. Great PH gomen. Let PH continue to stop the bleeding of rakyats funds.

Posted by TakeProfits > 2018-10-10 19:02 | Report Abuse

Mmc and Gamuda won't share costings data with credible Consulting Engineers to look at project costs. Gomen has right to ask, but mmc-gamuda won't share. So mmc-g, has something to hide.
And felicity please share investing has risks. I concur with gomen moves to curd financial looting of msian rakyat funds. Hold your Gamuda shares ler..kikiki

Posted by probability > 2018-10-10 22:53 |

Post removed.Why?

Posted by paperplane > 2018-10-11 08:59 | Report Abuse

Kick mmc gamuda out,award to gamuda?

Posted by godhand > 2018-10-11 16:07 | Report Abuse

already in pocket brother