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.
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.
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.
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.
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.
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.
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”?
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
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.
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........................................
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.
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
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Posted by probability > 2018-10-09 19:48 | Report Abuse
exactly like i had mentioned earlier, agree with felicity