Get a life Joe...alright .. I am broke lose a lot of money if tht u wanna hear... The truth is no matter what you are saying now will not change the uptrend in this counter.... see ya guys when it reaches .9 , I shall leave the forum to y’all ...
PUTRAJAYA (June 6): The government may defer or terminate the RM55 billion East Coast Rail Link (ECRL) which is still being studied, said Prime Minister Tun Dr Mahathir Mohamad.
“We want to negotiate the terms to ensure that we don’t have to spend so much money on the ECRL, because we cannot afford it. We also found that the contract includes payment according to a specific time.
“So far, we can determine that the work done is so much less than the payments that have already been made. The project will be studied, we can either defer or terminate,” he said in a press conference after his weekly cabinet meeting.
Previously, Dr Mahathir had said the government would renegotiate the terms of the contract — which he described as strange — with various Chinese companies.
The ECRL contractor is state-owned China Communication Construction Co Ltd and the loan is from the Export and Import Bank of China (Exim).
The Edge weekly, quoting sources, had reported that the ECRL can be built for under RM40 billion but the contract was inflated to RM60 billion, and is now expected to cost as much as RM70 billion once it was signed in 2018.
The rail link, if built, would connect Port Klang in Selangor and Pengkalan Kubor in Kelantan. It will be constructed in two phases.
20% of construction works for ECRL has been done. government need to pay 22b cancellation fees for termination of ECRL. not worty, it's too late to do so...
. Read the local/global News carefully to digest if to invest in MRCB. Termination of HSR impact MRCB to what extend? US/China/NK beefing up political ties - DJA indicated some good progress last night (up 1.40%) PH government tried hard to settle the dust once an for all. Why EPF/LTH top up lately? Dividend declared. Good Luck!!
HSR Cancellation will resulted hefty penalty by Singapore. They are badly affected due to the decision by Tun. I strongly feel they'll relook back the contract once the debts have softened.
Dont you read the news? Tabung Haji keep buying the stock. In a plain english, that is a smart money @ big shark who keep collecting the stock and this is where we call accumulation phase. Btw, correction is normal in accumulation phase
When HSR was announced, mrcb not moving up, that mean it's price got nothing to do with hsr. Projects cancelled by Tun will not affect mrcb because those projects will only commence 3 to 5 years from now. Therefore mrcb is oversold and I think it will recover to 85 sen range in coming weeks. It's same as Gamuda, soon will recover to 4 +
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....
joetay
3,737 posts
Posted by joetay > 2018-06-06 19:34 | Report Abuse
r u sure u only went in at 0.61, loser @samuel????
u said u started going in at 0.85sens, so what is the truth????
lol................