Govt due to upcoming GE consideration, forcing Faber to cut down it stake in Sabah and Sarawak to share profit with local partners. But, Faber is very dependent on these concession, consist about 70% of its revenue. Anyhow, the shortfall could be partially compensate by increase in service charge.
Faber and radicare take care of different state in peninsular , both also granted 10 year concessionaire. Only faber have to cut down its monopoly in East Msia from current 100% stake to 40%
RHB mentioned that faber is currently negotiating with the other 60% consortium to act as subcon. This is because the 60% Sabah & Sarawak consortium holders have zero experience, no assets & no workforce.
Sabah & Sarawak consortium Faber 40% - Others 60% and then fully subcontracted to Faber at 100%. Faber will get 100% but have to cut maybe 10-20% as 'profit fee' to the other 60% consortium owners,
Sabah - Faber 40%, 60& I-care Consortium Sdn Bhd Sarawak - Faber 40%, 30% Metrocare services Sdn Bhd, 15% Simfoni Dua Sdn Bhd & 15% Yayasan Sarawak (SEDC)
These local partner off course have no experience; no assets and manpower like Faber, they just Alibaba wanna to share profit to capitalize on the fact that Faber is govt link company (PNB and LTH), no one will object
My best performance counter.I am one of them who has been accumulating since early Jan.Lucky me for able to pick up at below 1.40.Q.Results will be out on or b4 28th Feb.Hope results within my expectation.Good luck everyone and happy trading.Cheers.
The management set a moderate KPI for FY2013 though. Target revenue of rm800million is less than unaudited FY2012 figure. Share price likely to trade range bound for the rest of the year, unless there is new developement.
I wouldn't be worried about this one. In fact, this is the classic "Buy on dips" counter - its health business especially is very stable and a cash cow for as long as it holds the contract.
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....
angkor
451 posts
Posted by angkor > 2013-01-30 13:52 | Report Abuse
one day show again... all bcoz of election fear