Posted by einvest88 > 2014-08-02 12:37 | Report Abuse

At least 80% of Eastern Dispersal Link motorists do not have to pay toll, say Malaysian authorities
PUBLISHED ON JUL 28, 2014 10:41 AM 50 76 0 0
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Vehicles travelling along the new Eastern Dispersal Link (EDL) highway in Johor Baru. At least 180,000 vehicles or about 80 per cent of Eastern Dispersal Link (EDL) motorists would not have to pay toll rates as they could exit at various points without having to go through the Customs, Immigration and Quarantine (CIQ) complex, Malaysian authorities have said. -- PHOTO: ST FILE
JOHOR BARU (THE STAR/ASIA NEWS NETWORK) - At least 180,000 vehicles or about 80 per cent of Eastern Dispersal Link (EDL) motorists would not have to pay toll rates as they could exit at various points without having to go through the Customs, Immigration and Quarantine (CIQ) complex, Malaysian authorities have said.

Only those who drive in and out of the CIQ, also known as the Sultan Iskandar Building, will have to pay, the Malaysian Highway Authority (MHA) said.

The CIQ complex is the border checkpoint near the Johor Causeway.

Explaining the revised toll rates starting this Friday at the CIQ, the MHA said that the charges would be used for the maintenance of the EDL and other CIQ facilities.

In a statement on Sunday, MHA said the link, which was an 8.1km elevated highway, was the main entry point into the CIQ for those commuting to and from Singapore and that toll collected would be used to maintain it.

MHA said that previously, money from the toll collected at the CIQ was used to maintain the Johor Causeway.

The new rates, however, would be channelled to EDL's concessionaire, Malaysian Resources Corporation Bhd (MRCB) for the construction and maintenance cost of the link and other CIQ facilities.

Starting Aug 1, the toll rates for vehicles coming into Malaysia are RM9.70 (S$3.80), RM14.70, RM19.70, RM4.80 and RM7.80 for the respective Class 1 to Class 5 vehicles.

The existing inbound charges ranged from RM1.40 (for taxis) to RM6.10 (for vehicles with three or more axles).

Rates for outbound vehicles would be RM6.80, RM10.20, RM13.60, RM3.40 and RM5.50 starting on Friday. Motorcyclists are exempted from paying toll.

- See more at: http://www.straitstimes.com/news/asia/south-east-asia/story/least-80-eastern-dispersal-link-motorists-do-not-have-pay-toll-say-m#sthash.cg4vNoTm.dpuf

Posted by dragonball2014 > 2014-08-02 18:42 | Report Abuse

EDL become MRCB cash cow. May generate immediate profit in the 3Q financial report.

Posted by barrysia > 2014-08-03 08:10 | Report Abuse

So many Good news, MRCB still stay at this level, is there any possibility of privatization

Posted by faizz > 2014-08-03 09:03 | Report Abuse

Be patient

Posted by faizz > 2014-08-03 09:04 | Report Abuse

Akan naik

Posted by alexisvics > 2014-08-03 11:15 | Report Abuse

Ini kalilah....banyak sudah good news masih tidak naik....tunggu apa lagi. Naik.....

Posted by einvest88 > 2014-08-03 12:16 | Report Abuse

from the reported news today, it is conform toll collection at CIQ is for MRCB...car going out CIQ to Spore need to pay 6.80 and coming in pay 9.70...2.90 go to Plus and remaining 6.8 for MRCB..so in total MRCB collect 13.60 for both way...For transport other than normal vehicle like lorry has to pay more. Estimate 200k vehicles by-pass JB CIQ per day...so in long run MRCB can easily collect approx 900m-1b per yr...That is almost the whole yr revenue income...even we r talking about 50% traffic volume the estimate revenue income 400-500m...That is still a lot of money for MRCB...

Posted by dragonball2014 > 2014-08-03 13:34 | Report Abuse

Singapore Custom reported 130k vehicles passing thru causeway daily. With toll rate of RM6.80, total amount collected per day is RM884k , annually RM322M. Currently govt compensate MRCB RM11M per mth x 12= RM132M per yr. This means MRCB will get extra RM190M per yr from EDL alone.

Posted by Ravi Kumar > 2014-08-03 14:36 | Report Abuse

Actually the government privatized Plus so that their P&L does not need to be reported . Easy money masuk kocek

Posted by einvest88 > 2014-08-03 17:44 | Report Abuse

if 130k vehicles per day...1 way 6.8..so 2 way is 13.6 then annual collection 644m....this is huge compared with annual rev income for MRCB approx 1b

Posted by kennynam > 2014-08-04 07:55 | Report Abuse

Let's watch the show later

Posted by myshare > 2014-08-04 13:26 | Report Abuse

most likely, the hike would not happened..Spore of course will reacted and not in Malaysia favour. Typical Malaysian leaders..talk first,wait and reconsider..Political statement "Kita mendengar keluhan rakyat"..What the "Fish" they come up with the news and later retracted..X guna otak punya olang..Nak kata depa ni bodoh, ramai jugak rakyat yg pilih dia..

Posted by Mattew Chew > 2014-08-04 16:32 | Report Abuse

drop again

Posted by aaj9393 > 2014-08-04 17:34 | Report Abuse

See the vol. recent biggest. Price drop, vol big, big.. what it means ?

Posted by coolman88 > 2014-08-04 18:29 | Report Abuse

yes keep dropping everyday! volume big but drop everyday!

Posted by lloydlim > 2014-08-05 01:26 | Report Abuse

http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=130577:195-gdv&Itemid=198

Posted by johnny cash > 2014-08-05 07:58 |

Post removed.Why?

Posted by johnny cash > 2014-08-05 07:58 |

Post removed.Why?

Posted by johnny cash > 2014-08-05 07:58 | Report Abuse

New E&C contracts yet to materialise
In Engineering & Construction (E&C), the group has yet to announce major new
contract wins since the award of Phase 3 of the Sungai Pahang Rehabilitation
project (RM130.0m) in August 2013 and the Giant Hypermarkets project
(RM80.8m) in October 2013. Pending the outcome of its tenders, which include
the Klang Valley Double Tracking (RM480.0m) and CIQ Bukit Kayu Hitam
(RM327m) projects, the group’s outstanding order book of RM1,142m as at 31
March 2014 and internal building jobs are expected to keep the E&C division
busy until 2019. The kitchen sinking exercise in 3Q13 as well as measures to
improve efficiencies and margins are also expected to boost the profitability of
the E&C division, which posted losses in 2012-13.

Posted by johnny cash > 2014-08-05 07:59 | Report Abuse

Building substantial property investment portfolio
The group’s continued focus on niche high-rise mixed development and transport
terminals should provide opportunities for further additions to its property
investment portfolio, which stands at approximately RM3.4bn (including RM750m
for Platinum Sentral which will be sold to Quill Capita Trust for cash and new
QCT units but before the inclusion of the St Regis development). Prospective
investment assets include quality buildings to be built in PJ Sentral Lot 8 and Lot
12, Penang Sentral and Project MX-1. Rising profits as well as selected
monetisation of non-core assets and potential conversion of Warrants 2013/18
are alternative sources of fundings to grow its property development and
investment portfolio and to execute Project MX-1. The completed sale of its 30%
stake in DUKE has raised cash reserves by RM228m while the pending sale of
Platinum Sentral should bring in another RM486m. Gross geaing for the group
has declined from 2.10x to 1.93x after the settlement agreement with PKNS and
the acquisition of 70% of PJ Sentral.

Posted by johnny cash > 2014-08-05 07:59 |

Post removed.Why?

Posted by johnny cash > 2014-08-05 07:59 | Report Abuse

Reaffirm BUY call; maintain forecasts and RNAV-based TP of RM2.26
We expect property launches between now and 2017 to underpin group profits
until 2019-20. We reaffirm our BUY call. We maintain our 2014-16 forecasts
(EPS forecasts, however, adjusted for enlarged issued share capital of 1,760.1m
shares after acquisition of PJ Sentral) and target price of RM2.26, which now
implies a 11% discount to RNAV and a 40x 2015E EPS. Potential positive news
flow would include the award of the Klang Valley Double Tracking and CIQ
projects, new land acquisitions, and good pricing or revival of tolling for the EDL.
Key risks: Future acquisitions through share swap may be EPS-dilutive
Key downside risks include: (i) delays in contract awards; (ii) sharp spike in
construction costs; (iii) further government tightening measures sharply cutting
property demand; (iv) unfair pricing for its concession and property investment
assets; and (v) future acquisitions through the issue of new shares diluting EPS
and valuation. Also, reclassification from the Construction to the Property sector
may cap upside due to available choices of key property stocks and higher
discount to RNAV (15-50% for Affin’s universe of property stocks).

Posted by johnny cash > 2014-08-05 08:03 | Report Abuse

AFFIN BANK RESEARCH ON MRCB

Posted by roguetrader > 2014-08-05 10:19 | Report Abuse

double bottom bullish reversal. keep fingers crossed.

Posted by shpok4574 > 2014-08-05 10:44 | Report Abuse

then what is the target price?

Posted by Bullcoming > 2014-08-05 12:07 | Report Abuse

Bull is visiting MRCB now, on board now

Posted by shpok4574 > 2014-08-05 12:10 | Report Abuse

so Target price?

Posted by wendycwl > 2014-08-05 12:14 | Report Abuse

maybe 2.00

Posted by roguetrader > 2014-08-05 12:28 | Report Abuse

must break 1.80 first only then can see how far can go. 2nd resistance at 1.89.

Posted by param54 > 2014-08-05 15:21 | Report Abuse

all companies control by epf hard to go up. if up they sell down.so is mrcb,sk pero,mbsb,and so on

Posted by bmwm5 > 2014-08-05 16:48 | Report Abuse

http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=130577:195-gdv&Itemid=198

Posted by bmwm5 > 2014-08-05 16:48 | Report Abuse

tp 2.26

Posted by lloydlim > 2014-08-05 20:27 | Report Abuse

Not so fast!

Posted by shpok4574 > 2014-08-06 08:05 | Report Abuse

lloydlim, what is your opinion then?

Posted by kennynam > 2014-08-06 19:55 | Report Abuse

Why mrcb haven't publish detail of project MX-1?

Posted by dragonball2014 > 2014-08-06 20:27 | Report Abuse

Is MRCB in coma.? Why no response to all the news?

Posted by lloydlim > 2014-08-07 01:06 | Report Abuse

It must breakthrough 1.80 than only got big show!

Posted by roguetrader > 2014-08-07 01:12 | Report Abuse

stochastic shows reversal. but must close 1.72 above tomorrow only then give better sign. need to break 1.80 to see how far it can go.

Posted by cytew > 2014-08-07 08:13 | Report Abuse

No worry , ONE LOT HEDGE FUND is getting ready to push up this counter very soon !!!!!!!!!!!!!!

Posted by TrueEye > 2014-08-07 09:28 | Report Abuse

Ha, ha, at least we hv the support of ONE LOt..

Posted by shpok4574 > 2014-08-07 10:18 | Report Abuse

dropping now...

Posted by cytew > 2014-08-07 10:39 | Report Abuse

In h-fund term , this is called SHAKING instead of dropping !

Posted by firestar23 > 2014-08-07 12:31 | Report Abuse

judging from chart, is not goin to move fast..

Posted by param54 > 2014-08-07 14:16 | Report Abuse

very shaky

Posted by lloydlim > 2014-08-07 14:21 | Report Abuse

Better go down a bit! Major correction at US market anytime by now

Posted by shpok4574 > 2014-08-07 14:22 | Report Abuse

lloydlim, what is the best price to buy?

Posted by cytew > 2014-08-07 14:22 | Report Abuse

why shaky ? please provide your reason to substantial your statement !!!!

Posted by lloydlim > 2014-08-07 14:25 | Report Abuse

1.65 for mother

Posted by shpok4574 > 2014-08-07 14:35 | Report Abuse

how about Warrant?

Posted by param54 > 2014-08-07 14:57 | Report Abuse

if mother falls warrants will follow