Posted by Jaya > 2018-11-21 09:53 | Report Abuse

Setyoufree
I said no good for day trading

Posted by Chan Ah Lan > 2018-11-21 14:40 | Report Abuse

Plesse sell more more more, i Buy buy buy, sure win one if you have holding power

Posted by SHQuah > 2018-11-21 15:32 | Report Abuse

Bought 50 lots at 1.07

Posted by SHQuah > 2018-11-21 15:48 | Report Abuse

https://www.investing.com/indices/indices-futures

as at 3.47pm - US Dow up 130 points

Posted by InvestKQ > 2018-11-21 16:21 | Report Abuse

Average cost 1.23, should keep holding?

Posted by Jaya > 2018-11-21 18:02 | Report Abuse

SHquah
Don’t look at futures, world platform very volatile
Today say up tomorrow down, better use crystal ball

Posted by Jaya > 2018-11-21 18:07 | Report Abuse

SHquah
European market doing good morning session so far 10.00 am

Posted by Jaya > 2018-11-21 18:10 | Report Abuse

They expect DJ to be up this afternoon (gmt) when it opens.
Expected to be up 165 at the moment

Posted by Jaya > 2018-11-21 18:16 | Report Abuse

But fluctuating now

Posted by Jaya > 2018-11-21 18:17 | Report Abuse

Still up

Posted by mukhriz02023 > 2018-11-21 19:22 | Report Abuse

Just sell guys.

Posted by mukhriz02023 > 2018-11-22 07:21 | Report Abuse

Lousy counter

Posted by SHQuah > 2018-11-22 15:31 | Report Abuse

Shaking of dry tree leaves. Later new leaves will grow. Tree will grow higher.

Posted by SC > 2018-11-22 16:54 | Report Abuse

manipulated

Posted by Alibaba > 2018-11-22 16:55 | Report Abuse

90cents coming..

Posted by mukhriz02023 > 2018-11-22 17:20 | Report Abuse

Haha. I told u guys before. Run first.

Posted by dex > 2018-11-22 20:15 | Report Abuse

80cts coming.

Posted by William Choong > 2018-11-22 22:27 | Report Abuse

90 cent 80 cent.... Hahaha....

Posted by RainT > 2018-11-22 23:20 | Report Abuse

@shquah ...it seem you are the only supporter ...the last surviving supporter of GKENT

all have fallen down

Posted by RainT > 2018-11-22 23:21 | Report Abuse

have holding power??

for how long ? 10 years , 20 years ...100 years ...lol

Posted by William Choong > 2018-11-23 06:25 | Report Abuse

Me too, my avg price dropped to 1.13

Posted by mukhriz02023 > 2018-11-23 07:31 | Report Abuse

Just sell and run. Will go down further and further

Posted by Beast > 2018-11-23 07:33 | Report Abuse

Guys dun fall to value trap.

Posted by Jim Tan > 2018-11-23 10:44 | Report Abuse

Quoted from MRCB :

The division also saw a contribution of RM20.7 million net profit from the group’s 50 per cent-owned LRT3 project company MRCB George Kent Sdn Bhd

Does that mean June - September 20.7M Net Profit for GKent?

Posted by SHQuah > 2018-11-23 11:11 | Report Abuse

Jim Tan......where u got the news ? any link

Posted by Jim Tan > 2018-11-23 11:35 | Report Abuse

MRCB, Q3 Report

Posted by amzarb44 > 2018-11-23 12:22 | Report Abuse

I din see any jim tan

Posted by Jim Tan > 2018-11-23 12:27 | Report Abuse

KUALA LUMPUR: Malaysian Resources Corp Bhd’s (MRCB) earnings were down a third in its third quarter ended Sept 30, 2018 (3QFY18) due to the absence of two major revenue contributors, namely the KL Sports City refurbishment project in Bukit Jalil and toll collection revenue from the Eastern Dispersal Link.

The group posted a 35% decline in net profit for 3QFY18 to RM19.79 million from RM30.58 million a year ago as revenue almost halved to RM663.75 million compared with RM1.13 billion recorded in the previous year’s corresponding quarter.

Earnings per share shrank to 0.45 sen from 1.39 sen, according to the group’s filing with Bursa Malaysia yesterday.

Meanwhile, profit before tax had also been affected by the remodelling of the light rail transit Line 3 (LRT3) project to a fixed price contract, resulting in a retiming of income recognition, the group added in a statement yesterday.

For the nine months ended Sept 30, 2019, MRCB posted an 18.2% increase in net profit to RM74.77 million, mainly due to significantly higher margins in its engineering, construction and environment (ECE) division.

“The division’s revenue was mainly contributed by the mass rapid transit Line 2 V210 Package project, the rehabilitation project at Sungai Pahang, as well as several commercial buildings for clients in Johor,” MRCB said.

This was despite a nearly 37% drop in the group’s total revenue over the period to RM1.5 billion from RM2.37 billion in the previous year.

The group’s ECE division currently has an external order book of RM5.9 billion with an unbilled portion of RM4.8 billion, MRCB said.

“The external order book is expected to increase further by approximately RM17 billion once the LRT3 contract is finalised and the Bukit Jalil privatisation exercise is completed.

“The division continues to actively tender for more contracting projects to replenish its order book [with] current open tenders valued at RM2.7 billion,” MRCB said.

Meanwhile, its property development and investment arm has total cumulative unbilled sales which are expected to deliver RM1.63 billion in revenue over the lifespan of its projects.

Shares in MRCB declined 0.5 sen or 0.68% to 73 sen yesterday, giving the group an RM3.21 billion market value.

Posted by Jim Tan > 2018-11-23 12:31 | Report Abuse

Malaysian Resources Corporation Berhad - to Pick Up Momentum Soon

Author: sectoranalyst | Publish date: Fri, 23 Nov 2018, 08:52 AM 

INVESTMENT HIGHLIGHTS

Earnings were below ours and consensus’ expectations, due to lower than expected contribution from key segments

Property segment covered 70.8% of the group’s operating profit

Recognition from LRT3 was higher YTD

Expecting momentum to pick up in FY19

Earnings are lowered for FY18 and FY19, by -19.5% and - 11.1% respectively

Maintain BUY with adjusted TP of RM0.83

Earnings were below expectations. MRCB’s 9MFY18 revenue was rather unexciting at RM1.5b. It dropped by -37.0%yoy from the same period last year, leading to net profit of RM76.3m (-2.4%yoy). The cumulative quantum was arrived after recording RM18.4m (-44.0%yoy) of PATAMI in 3QFY18. Altogether, the group’s 9MFY18 PATAMI accounted for 58.9% and 62.7% of ours and consensus’ estimates respectively.

The drop was moderated by its key segment contribution namely property. In 9MFY18, revenue contribution from the segment amounted to RM882.9m. Stripping out a one-off item (RM323.0m) i.e. the land disposal of free hold land in Jalan Kia Peng, we arrived to operational revenue of RM560.0m for the period. Consequently, this led to operating profit figure of RM88.9m, covering approximately 70.8% of the group’s total.

Revenue contraction in Engineering, Construction and Environment segment appeared significant. In 9MFY18, the contribution from E

Posted by Jim Tan > 2018-11-23 12:32 | Report Abuse

Sorry, forgotten where I have read it. But similar to the above.

Posted by amzarb44 > 2018-11-23 14:36 | Report Abuse

Mrt 2 main revenue contributions isn't it?

Posted by erkongseng > 2018-11-23 20:31 | Report Abuse

http://kongsenger.blogspot.com/2018/11/gkent-3204-rm105.html?m=0

Posted by mon3y > 2018-11-25 02:00 | Report Abuse

When is qr coming out?

Posted by SHQuah > 2018-11-25 09:37 | Report Abuse

Results should be early December.

Posted by mon3y > 2018-11-25 12:35 | Report Abuse

Entered at 1.12

Posted by SHQuah > 2018-11-25 12:41 | Report Abuse

Hopefully this quarter results good and got dividend. Need money for Chinese New year.

Posted by mon3y > 2018-11-25 13:07 | Report Abuse

Hahahaah same here

Posted by Nicholasming91 > 2018-11-25 13:17 | Report Abuse

Buy buy buy

Posted by mon3y > 2018-11-25 15:27 | Report Abuse

Tp 2.2 ?

Posted by Jaya > 2018-11-25 15:46 | Report Abuse

mon3y
You dreaming la

Posted by RainT > 2018-11-25 17:29 | Report Abuse

Tired see this GKENT

Posted by RainT > 2018-11-25 17:34 | Report Abuse

My cost price at rm2.00

When I can recoup back my capital ????

Pain see this ....thinking of cut and stop the bleeding ...don't want see GKENT anymore

Posted by RainT > 2018-11-25 17:39 | Report Abuse

No

I must be rational , if want sell and cut loss should have do it earlier

Now wait drop more , will buy in again , this will lower down my average costs

Posted by Jaya > 2018-11-25 18:00 | Report Abuse

RainT
Cut loss and start again

Posted by guanteik > 2018-11-25 21:12 | Report Abuse

RainT, if I were you I'd do cost average to lower buying price.

Posted by Jon Choivo > 2018-11-25 21:27 | Report Abuse

If it is an investment. Determine the intrinsic value and where is it relative to the price.

Compare to other opportunities in the market. Buy more or sell it then.

If its a trade. Well, is it still a good one? Don't let a trade gone wrong turn into a mediocre investment.

Good luck.



=====
Posted by RainT > Nov 25, 2018 05:34 PM | Report Abuse

My cost price at rm2.00

When I can recoup back my capital ????

Pain see this ....thinking of cut and stop the bleeding ...don't want see GKENT anymore

Posted by warren buntut > 2018-11-25 21:31 | Report Abuse

problem is people don't know to calculate the intrinsic value correctly

Posted by Leeyy168 > 2018-11-25 22:57 | Report Abuse

The net profit of LRT3 this quater predict around 5.7 million instead of 20.7 million, u can find when u compare 3 quater of this year financial report of MRCB, under section E(note to the interim report) 19) ii) engineering, construction & enviroment. There got mention LRT3 project, compare it with the 3 quater.


The MRCB Q1 and Q2 net profit from LRT 3 was around match when u compare to Gkent Q1 and Q2 LRT3 net profit.

Posted by ariffrazak > 2018-11-26 01:03 | Report Abuse

MRCB market cap is about 3 Billion whereas Gkent market cap is about 600 Million. If their net profit is about the same for LRT3 then net profit margin per market cap for Gkent is very high compared to MRCB.

Posted by ariffrazak > 2018-11-26 01:05 | Report Abuse

As of now, MRCB PE is 17 while Gkent PE is 5.