I FANCY ANWAR , I WILL SUPPORT FULLY MRCB , ANWAR IS MY ADMIRE IN LIFE , NEXT NELSON MANDELA IN EARTH I ADMIRE TO CRAZY , ORE IN NEW ERA ON HOPE < LIVE BACK ORE IS THE SLOGAN .
Have your ever heard of "star" stock in any new leasdership? By looking at the fact and fundamental of this stock, 1)GLC, 2)EPF holding substantially 33%, 3)participate in most of major and strategic gov projects, 3)low gearing after EDL disposal, 4) bukit jalil land partnership with EPF, 5)Boss closes tied wit Azmin, etc... MRCB seem to be the next coming star stock for this new regime... Accumulating....
Our announcements on 4 September 2015 and 23 October 2015 refer.
MRCB wishes to announce that Prasarana Malaysia Berhad (“Prasarana”) has via its letter dated 16 October 2018 to MRCB George Kent Sdn Bhd (“MRCB-GK”), informed that the Government of Malaysia has agreed to continue with the Project at a total cost of RM16.6 billion, including land acquisition costs, interests during construction and other costs.
The implementation concept of the Project will be remodelled from a Project Delivery Partner (“PDP”) regime to a Fixed Price Contract regime.
MRCB will make a further announcement to Bursa Securities as and when there is a material development in relation to the Project.
KUALA LUMPUR (Oct 17): MRCB George Kent Sdn Bhd said today the government has agreed to continue with the Light Rail Transit Line 3 (LRT3) project at a cost of RM16.6 billion – almost half or 47% of the earlier cost of RM31.45 billion in July.
This includes land acquisition costs, interests during construction and other costs.
"The implementation concept of the project (which connects Bandar Utama with Johan Setia) will be remodelled from a project delivery partner regime to a fixed price contract regime," Malaysian Resources Corp Bhd (MRCB) said in a filing with Bursa Malaysia today.
It added that further announcement to Bursa will be made as and when there is a material development in relation to the project.
On July 11, Finance Minister Lim Guan Eng revealed that the projected total cost of LRT3 had spiralled to a whopping RM31.45 billion, blaming it on Prasarana Malaysia Bhd’s poor management. The original estimate when the project was launched in 2015 was RM9 billion.
Guan Eng had then called for a drastic cost reduction to make the project feasible and cost-effective.
MRCB shares closed up 7.5 sen or 10.42% at 79.5 sen, with 84.23 million shares done, bringing a market capitalisation of RM3.49 billion.
reduce cost , build less and all the 16 bilion can count on the mrcb gk joinventure order book. the y become main con and can choose the contractor them.seft.or.construct by own.
Posted by xiaodingdang > Oct 17, 2018 08:56 PM | Report Abuse
u all don't know what construction co do.. after getting a project.. u think they do it themselves? no, they will sub contract to other smaller construction co.. specialise in diff area n also construction work.. usually the Malay will get the job first n they don't do it themselves they pass to the lower usually Chinese co.. to do the work n get commission from them.. so the end profit for the actual working co is squeeze until very low n they have to cut cost in materials to make ends meet that is y a lot of tofu building come from..
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....
khatulistiwa1234
46,261 posts
Posted by khatulistiwa1234 > 2018-10-17 17:39 | Report Abuse
MARI MARI , IKUT BELI < MRCB .