JUST WONDERING ALL THE ABOVE JOBS WITH THEIR FINANCING REQUIREMENTS MEANS ANOTHER POTENTIAL CASH CALL OR RIGHTS ISSUE SINCE ITS BORROWINGS EXCEEDING RM4.3B IS ALREADY HIGHLY GEARED. NOTE THAT MQREITS HAD ALREADY INDICATED THE SALE OF MENARA CELCOM (EST. 680M) IS 1.5 YEARS AWAY AS ITS CONSTRUCTION CAN ONLY BE COMPLETED IN LATE 2019. SIMILIARLY THE SALE OF ASCOTT FOR RM180M IS ALSO UNCERTAIN. FURTHER MORE THE EDL DEAL TERMS COULD BE JUST YEARLY COMPENSATIONS TO COVER LOSS OF TOLL RECEIPTS, SUKUK LOAN INTERESTS AND SOME PROFITS BUT NO ABSORPTION OF ITS RM1B LOAN BY THE GOVT. NOT REASONABLE TO EXPECT THAT. PLUS IT'S POLITICALLY NEGATIVE TO DO IT IN VIEW OF THE GENERAL ELECTIONS JUST CALLED. WISE NOT TO GIVE OPPOSITION PARTIES TO ATTACK BM GOVT AS BAILING OUT ITS GLC.
With the project in hand the worst for MRCB should be at this range, I shall keep my backup fund for other index counter then... see ya guys in 1.3 next week!!
I can still remember someone who talk about his expertise in technical chart as if from the technical chart he can also read whether his wife can give birth to another meatball like him.... fantastic...clap clap...
@TEEXIAN1840 NOW I AM SUPERBULL OF MRCB. AS YESTERDAY 盘too strong. morning from 0.945 open then to 0.97 and retract to 0.925( KILL CONTRA LIKE HNG33) after that slowly retest its resistance 0.97 and finally close at 0.975 which also break 0.236 fibo . Next hopefully will test 0.618 fibo at 1.09...
So hopefully TANENG will write a post and directly break 1.03 that resistance. 2 times cant break. hopefully this time strong enough
1 More thing that I am superbull with MRCB is exciting HIGH VOLUME WHICH DO NOT SEE FOR NEARLY 3 MONTHS
YESTERDAY VOLUME: 29,723,400. YESTERDAY RETREAT AND RETEST 0.97 IS TO SCARE OUT THOSE STUCK IN MRCB AND LOSING CONFIDENT. NOW OPERATOR COLLECT BACK ALL THE TICKETS. NEXT WAVE WILL BE VERY VERY VERY BULL
Just two days up and still can't confirm the direction. When market sentiment bearish becareful. Still too early and might go down further if break 0.88.
Those who keep saying RI must be newbies in this MRCB. MRCB has raised RI back in October 2017 and from there they have raised around 2 Billion. Next EPF is injecting another 1.13 Billion for the shares in Bukit Jalil. EDL has been disposed and with the worst case scenario gained nothing from it but slashed 1.17 billion debts from it. By being PDP, it's not that MRCB has to inject 50 billion to build the HSR. They only involved in Project Management for good sake. Infra building is another tender and those involve the bidders from Japan, China, Korea, etc. Those are the big players who going to need lot of capital to build the HSR infra.
UOB Kay Hian projects total cost of KL-S’pore link at RM60bil
PETALING JAYA: The Kuala Lumpur-Singapore High Speed Rail’s (HSR) project delivery partners could potentially earn a total net profit of over RM2bil, according to UOB Kay Hian Malaysia Research.
In its published note on the construction sector, the research house said that the entire project would yield a net profit of RM2.1bil to RM2.4bil at an estimated 5% margin.
The project delivery partner fees for the HSR project are capped at 6% of construction cost, similar to the development of Mass Rapid Transit Line 1 and 2 as well as the Light Rail Transit 3.
“Assuming a 6.5-year construction period, net profit from the project management fees for the entire project would be about RM300mil yearly on a straight line recognition basis,” it said.
UOB Kay Hian Malaysia Research projects the total cost of HSR to hover around RM60bil, comprising civil infrastructure works of RM35bil and the rest from train sets, operating systems and other associated costs.
The official project cost has yet to be formally announced, given the sheer size and long timeframe.
The HSR construction is expected to take about five to six years, with the financing to come from the governments of Malaysia and Singapore.
Two consortia will be involved in the civil works of HSR, namely the Gamuda-Malaysian Resources Corporation consortium (Gamuda-MRCB) and the Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd-TH Properties Sdn Bhd consortium (YTL-THP).
Both Gamuda-MRCB and YTL-THP will be in charge of the northern and southern portion of the HSR alignment respectively.
The terms of the project delivery partners’ package agreement shall be agreed upon within three weeks.
According to UOB Kay Hian Malaysia Research, the HSR project delivery partners’ contract offers huge earnings impact for MRCB and a moderate impact for Gamuda.
“The HSR project delivery partners’ contract could contribute about 8% of Gamuda’s earnings per share (EPS) for the financial year of 2020 and 37% of MRCB’s 2020 EPS. We would review our forecasts once details of the HSR contract are revealed.
“Our current forecasts assume RM5bil annual contract wins for Gamuda, and only RM1.5bil contract wins for MRCB,” it said.
The research house has maintained its “overweight” view on the domestic construction sector, with Gamuda being its top sector pick.
“We prefer beneficiaries of infrastructure spending and companies with good track record in securing jobs and delivering earnings growth,” said UOB Kay Hian Malaysia Research.
Calvin Tan; what is going to happen to MRCB if pakatan wins?
CKC1972
This has been the fear of the market.
Already reflected in MRCB share price.
If we are in 1993 Bull Run?
MRCB would have gone limit up on news of EDL TOLL Scrapped
Another Limit Up when Rm7.5 Billions Job Award for Kwasa Damansara
LIMIT UP AGAIN WHEN RM11 BILLIONS FOR BKT JALIL SENTRAL ANNOUNCED
AND IF IN 1993 SURE LIMIT UP ONCE MORE WHEN NEWS OF MRCB GOT PDP FOR HSR!!!
Why Price Still Below Rm1.00?
Due to GE14 Election uncertainty. So it is already priced in even if Pakatan win.
But I think Pakatan should know
1) EPF IS TOP HOLDER. AND MONIES IN EPF BELONG TO BOTH BN & OPPOSITION CAMPS. So Pakatan too has to take care of EPF and by proxy the well being of all Malaysians
TABUNG HAJI also in Top 30
Govt Fund from Bank Rakyat also inside. So whoever is in charge of Govt still must take care of its Assets & Wealth.
2) MRCB got the expertise.
3) HIGH SPEED RAIL IS A MODERN NECESSITY. Thailand, India, Indonesia more backward than Malaysia already got HSR construction.
Whole of China now Criss Crossed by HSR
SO KL - SPORE HSR IS NOT AN OPTION BUT A MUST IS MALAYSIA WANT PROGRESS.
Those who keep saying RI must be newbies in this MRCB. MRCB has raised RI back in October 2017 and from there they have raised around 2 Billion. Next EPF is injecting another 1.13 Billion for the shares in Bukit Jalil. EDL has been disposed and with the worst case scenario gained nothing from it but slashed 1.17 billion debts from it. By being PDP, it's not that MRCB has to inject 50 billion to build the HSR. They only involved in Project Management for good sake. Infra building is another tender and those involve the bidders from Japan, China, Korea, etc. Those are the big players who going to need lot of capital to build the HSR infra.
EDL Compensation should be out soon. Another positive booster from Govt. Govt got surplus cash from Petronas & also Saudi Aramco Rm30 billions cash infusion into RAPID
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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....
USApg
783 posts
Posted by USApg > 2018-04-06 17:03 | Report Abuse
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