AmInvestment Bank expects the award of the tunnelling contract to be imminent along with two more viaduct packages expected by mid-2016, which have been tendered, following the award of the two viaduct work packages for the second mass rapid transit line (MRT Line 2).
“We expect the MMC-Gamuda JV to be a firm favourite as the only local outfit with tunnelling expertise, while Kimlun would again be in the mix for the tunnel lining segments,” its analyst Mak Hoy Ken said a report yesterday.
He also noted that Malaysian Resources Corporation Bhd’s (MRCB) transformation into a bumiputra-controlled PLC could see the group vying for various packages under the bumiputra category.
GEORGE TOWN (April 4): Malaysian Resources Corp Bhd (MRCB)’s Penang Sky Cab, a 4.8km cable car system first mooted by the state government in March last year to connect mainland Penang in Butterworth and Jelutong in Penang Island, is expected to begin construction in the first quarter of 2018 (1Q2018).
MRCB special project general manager Dennis Tan Hui Long said the project is expected to be completed in 3Q2019. It is estimated to cost between RM500 million and RM700 million, based on similar projects in Europe, the United States and Asia.
KUALA LUMPUR (April 5): Malaysian Resources Corp Bhd (MRCB) will build a RM56.8 million cold storage processing and distribution centre in Kajang, Selangor, for the Giant retailer chain. MRCB's wholly-owned subsidiary MRCB Builders Sdn Bhd today signed a contract with GRC Retail (M) Sdn Bhd, through Jupiter Lagoon Sdn Bhd, a wholly-owned subsidiary of Hong Kong-based Dairy Farm International Holdings Ltd and an associate of GCH Retail. GCH Retail operates the Giant chain of hypermarkets and supermarkets in Malaysia. The 140,000 sq ft processing and distribution centre will be built on a five-acre site in Kajang. The distribution centre will be built on a 12-month fast track basis and is expected to be completed in August next year. Speaking to reporters after the signing ceremony, GCH Retail regional director for Malaysia and Brunei Datuk Tim Ashdown said it is an important development for the group as it currently has a small fresh food facility measuring 40,000 sq ft in the country. "This will allow us to control the supply chain much more actively," he said, adding that the new facility will further bring down the cost of logistics and deliver lower prices to its customers. Ashdown also said the group plans to open five new Giant stores this year. Over the years, MRCB has constructed 12 Giant outlets in Malaysia, valued at over RM500 million. A RM52 million outlet in Setapak here is set to be delivered this month. MRCB shares closed unchanged at RM1.23 in the morning session with 259,300 shares traded, for a market capitalisation of RM2.2 billion.
mrcb PE isn't reliable as most of it comes from disposable gain, it's one time gain, not sustainable we need to see the contribution of new project. the current one not accurate
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....
sasword
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Posted by sasword > 2016-03-25 09:57 | Report Abuse
No1 goreng mr cibai...then mr cibai cannot up lo...