MSRSB is the developer of a project to build one (1) block of 8-storey service apartment containing 222 units located at PT 10159 – Plot 1, Mukim Lumut, Daerah Manjung, Perak Darul Ridzuan (hereinafter referred to as “the Project”). The salient features of the Awards in relation to the Project are as follow:-
Supply of Materials, Labour and Tools for Laying Wall and Floor Finishes* On or before 30 Sept 2013 RM2,377,057.50
Design and Construct of Interior Decoration Works On or before 30 November 2013 RM4,267,596.50
Wesria is the operator of the proposed food court located at Level 2M of the Kuala Lumpur International Airport 2 ("KLIA 2") (hereinafter referred to as “the Project”). The salient features of the Award in relation to the Project are as follow:-
Renovation and Fit-Out Works, Kuala Lumpur International Airport 2 ("KLIA 2") 1 June 2013 On or before 23 August 2013 at 12:00 p.m. or any date mutually agreed prior to the airport being fully operational RM 4,102,624.03
Maintenance Service Agreement with 7-Eleven Malaysia Sdn. Bhd. The salient points of the Agreement are as follows:-
1. The monthly Services fee chargeable to 7E is RM800/- per store. 2. JMES will calculate the Service fee based on the number of operating Stores which has been certified to be Integrated Maintenance compatible and invoice 7E monthly for those Stores. All invoices are due and payable in full within thirty (30) days of 7E's receipt of the invoice and at the end of each service month. 3. The Services period shall be for a term of three (3) years commencing from 1 June 2013 to 31 May 2016, with an extension of another three (3) years in the event 7E exercises its option to renew the Agreement.
Suggest dont too hopeful on +ve financial result due end mth for May - July period. Contribution from Jiwa & profit guarantee likely only in this current quarter & they are still reorganising their business activities. Look more on what the new shareholder(s) intend to do now that the last hurdle (par reduction) has Court approval. Hopefully something...hee hee...caution (again) - 'old' shareholders may dispose.
My take on this counter is that it has been loss making for quite some time since 2007.However, I believe they might be reporting profit for this 2Q to be announced anytime within this week.If this happens i believe the price will rise.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pfhong
372 posts
Posted by pfhong > 2013-09-19 17:07 | Report Abuse
Thanks Jason and oily..hopefully good announcement:)