The Japanese public debt exceeded one quadrillion yen or about US$10.46 trillion in 2013, more than twice the country's annual gross domestic product.[1][2] By 2015, the figure rose to US$11.06 trillion. As the country adopted key economic initiatives, this figure start to dip so that by the end of December 2017, the debt stood at US$9.94 trillion.[3]
And US Debt even bigger
See
Debt Rm1 Trillion with Population of 30 millions in Malaysia
USA has Rm84 Trillion Debt with population of 300 millions
So US population is only 10 times more than Malaysia with Debt 88 Times Higher. See US Debt Clock http://www.usdebtclock.org/
Btw, based on latest press statement by MRCB, EDL wont make any profit with the disposal. Perhaps, it s enough to cover the debts and operation cost after all these years. That s good enough. With that gone, and now with HSR which is getting a review, and all other projects which yet to generate any returns, MRCB mostly would just stable and wont move much. If Q1 results is poor due to no revenue from EDL, then the counter could be bashed down to below 0.65 anytime. Wait for Q1 results to make your move and see how EDL is impacting MRCB finances.
Positive Indicators for MRCB :- MRCB 1Q RESULTS TO INCLUDE 1) DISPOSAL GAINS RM58M IN SETAPAK LAND SALE TO JV PROJECT WITH TABUNG HAJI (BURSA ANNOUNCEMENT DATED 26/12/2017) 2) DISPOSAL GAIN RM30M FROM SALE OF JLN KIA PENG LAND TO PERKESO (BURSA ANNOUNCEMENT DD 21/3/2018) 3) CONTINUING REVENUE AND PROFITS FROM ITS 50:50 JV WITH GKENT FOR LRT3 (RM9B CONTRACT TO BE COMPLETED BY SEPT 2020. CONTRACT NOW COMPLETED MID WAY)
EDL. TOLL REVENUE ONLY BEING DELAYED FOR 1Q RESULTS BUT IS GUARANTEED TO BE RECEIVED IN SUBSEQUENT QUARTERS AND WILL ACCORDINGLY BOOST UP ITS REVENUES AND PROFITS FOR FYE 31/12/2018 HENCE MRCB’S REVENUES AND PROFITS WILL BE SATISFACTORY TO GOOD IN ITS COMING QUARTERS AND YEARS BASED ON ITS HUGE RM50B GDVs IN HAND (ESPECIALLY IN ITS TRANSIT ORIENTED DEVTS (TODs) JV WITH EPF IN KWASA SENTRAL AND BUKIT JALIL ADDITIONAL PROPERTY DISPOSALS (WHICH WILL REDUCE ITS DEBT/GEARING RATIOS PLUS BRING IN MORE HUGE CAPITAL GAINS IN THE 2H OF THIS YEAR INCLUDE MENARA CELCOM FOR RM688M AND ASCOTT FOR RM180M CASH (WHICH WILL TURN MRCB INTO A NET CASH ENTITY WHICH WILL TRANSLATE INTO HIGHER CASH DIVIDENDS )
MRCB HAVE STRONG FUNDAMENTALS AND A GOOD BUSINESS MODEL . WILL CONTINUE TO DO WELL
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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....
calvintaneng
55,176 posts
Posted by calvintaneng > 2018-05-21 23:16 | Report Abuse
Don't worry about Malaysia Rm1 trillion debt
See Japan got Rm55 Trillions Debt
The Japanese public debt exceeded one quadrillion yen or about US$10.46 trillion in 2013, more than twice the country's annual gross domestic product.[1][2] By 2015, the figure rose to US$11.06 trillion. As the country adopted key economic initiatives, this figure start to dip so that by the end of December 2017, the debt stood at US$9.94 trillion.[3]
And US Debt even bigger
See
Debt Rm1 Trillion with Population of 30 millions in Malaysia
USA has Rm84 Trillion Debt with population of 300 millions
So US population is only 10 times more than Malaysia with Debt 88 Times Higher.
See US Debt Clock http://www.usdebtclock.org/
If US ok why not Malaysia?
What is the Overall Net Net Wealth of Malaysia?