MRCB: Still in talks with government on EDL concession termination. Negotiations between the government and Malaysian Resources Corp (MRCB) on the termination of Johor Bahru Eastern Dispersal Link’s (EDL) concession is still ongoing, although it has stopped collecting the RM6.80 per trip toll since the start of the year. Malaysian Highway Authority (LLM) Director-General Datuk Ismail Md Salleh said recently that the Ministry of Finance is still in discussions with the highway concessionaire on terms of the mutual termination agreement. When contacted, MRCB declined to respond to queries, saying the parties are still in negotiation. A key issue involving the negotiation will be the large amount of debt the concession holders has on its books due to the EDL, which constitutes about 26% of the group’s total debt of RM3.9bn as at Sept 30, 2017, a drag on its financials. (SunBiz)
wow....what .....need to add some more mr calvin...ok ok dude, i support you .!! gonna add and donate as much as you can, karma will be on donor side hehehehh.....if no money out no money in what...so donate now...dont wait anymore.!!!
Time to Accumulate this gem after Hengyuan Rebounded :) Dato Calvin, is this good price? Will accumulate more if breaks down... But its hard to collect already ... haha.. Looks like Smart money park the buyer... Follow lo..smart money.. Hope can RM 2-3..
Good to be aware or remember that the disposal of EDL to the Govt is only one of the many positive catalysts for MRCB this year.
Other catalysts include :- Disposal of Bukit Jalil TOD land to EPF FOR RM1.14B cash Disposal of Setepak land to T. Haji for RM137M cash Disposal of Menara Celcom for RM680M cash Disposal of Ascott Etc Big RM CASH coming in Big disposal gains to be credited to profit account Significant normal profit increase due to improved profit margins resulting from reduction in its borrowings interest expenses Increasing PDP fees for all its TOD coming up (big jump if its J/V PDP bid with Gamuda is successful)
Very good prospects for MRCB GOING FORWARD (HENCE THERE ARE MANY MANY GOOD NEWS AND ANNOUNCEMENTS COMING IN ADDITION TO THE DISPOSAL OF EDL)
Hi CALVIN, i m the oldchinaman from DRB forum, i bought 1.2m drbc37 @ 6.2c on 9 nov 17 and sold @ 30c on 3.jan 18. make 283k (380%) . i bought 900k mrcbc19 on 12.jan @ 6.72c, a influential person told me will goreng soon.
So many so called influential person. But are they really influential is remain to be seen. ALl other GLCs already goreng for the past 3 weeks loh...Even lousy counter like FGV also goreng above RM2.10 which is a miracle.
As I see it,due to possibility of Dow correction,it's not impossible for mother shr to test 1.16-1.17 hence it's prudent not to be too gung ho on the call warrants now.Wb possibly might test .365-.375 level.
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....
ehtan18
362 posts
Posted by ehtan18 > 2018-01-15 16:10 | Report Abuse
No matter what positive new or outlook, if the big shark want to keep pressing the price. good news also mean no new.