Posted by Patrick13 > 2018-12-19 13:11 | Report Abuse

Few key points from the Press Release:
1. LRT 3 contribution resumes in the 2nd half of 2019
Profit after tax for the first nine months was 8% lower, which is commendable with only a nominal
contribution from LRT3 as the project is being renegotiated. As announced on 5 November 2018, Prasarana Malaysia Berhad issued a Letter of Appointment dated 2 November 2018 to MRCB George Kent Sdn Bhd for the award of the LRT3 project at a fixed Contract Sum of RM11.856 billion. Negotiations are ongoing to finalise the terms of the new contract, while the project is being redesigned based on the revised specifications. Construction is anticipated to resume in the second half of 2019

2. Won the tender to deliver 110,000 meters to Singapore over 6 months (next FY)
Water meter orders continue to be strong. The Group recently won the Public Utilities Board of Singapore’s (PUB) tender to deliver 110,000 meters over six months beginning February 2019. This is the 4th consecutive win by George Kent to supply water meters to PUB since 2012. The Group continues to export its meters to over 40 countries around the world, with demand outstripping supply.

Posted by Patrick13 > 2018-12-19 13:21 | Report Abuse

Going Forward from the Press Release:

The Group’s focus continues to be on its long-stated Strategic Plan to broaden its income base. This will be achieved by allocating substantial resources to further expand the Metering business in the country and the region. The Group’s automated meter reading solution is undergoing pilot testing in several states with commercialisation set for 2019. The Group is also participating in tenders under the non-revenue water initiative of the national water meter replacement programme. This should further catalyse sales of the Group’s water meters in the country.

The Group’s strong order book will provide earnings visibility over the next few years. The Group is also on the lookout for opportunities in the Regional railway space, leveraging on its expertise as rail systems specialist in domestic railway projects. The Group’s established network with international rail specialists bolsters its standing for projects requiring international collaborations through joint ventures or other forms of strategic alliances.

Seems like FY2020 result shall be better than FY2019. Automated meter Reading (AMR) solution is set to commerce in 2019, plus 110,000 meters delivery to Singapore and LRT 3 construction resumes in 2nd half of 2019.

This press release provides more useful information than QR.

Posted by SHQuah > 2018-12-19 13:24 | Report Abuse

Patrick13......Thanks.

Posted by RainT > 2018-12-19 13:25 | Report Abuse

huiyo....


qtr result finally is out ...

key findings:

*GP margin at 33% & PBT margin at 33% (this is not bad especially the GP margin 33%)

*with lower sales in Q3FY18, the PBT still can around the same as Q3FY17 (this also not bad)

*due to higher tax, so the net profit drop 28% (tax go up almost 76%)

*still a net cash company but cash balances drop to around RM263m only (maybe use too much cahs to do share buy back) , as long as still net cash , this also not bad

*Loan and borrowings just increase a little (this also good, will not go bankrupt any time soon)

*BAD: net operating cash flows is negative ( I guess used too much cash for SBB)

*BAD: from the segment result can see the construction segment sales is reduce (due to impact of lesser gomen project & no more Najib support)
at the same time the water meter segment also sales is reduce

BAD: In the income stmt, there is other gain around RM3m, if exclude this the Q3FY18 profit will be even more low plus with higher tax

Posted by naruko > 2018-12-19 13:29 | Report Abuse

back focus to water meters

Posted by RainT > 2018-12-19 13:30 | Report Abuse

so moving forward catalyst should be

1. LRT 3 in 2nd half 201\9
2. new water meter contract frm Singapore for year 2019 plus other existing water meter contract
3. smart water meter venture in year 2019

Posted by Newtmethod > 2018-12-19 13:39 | Report Abuse

lol cash flow negative because of sbb? u can look at the cash flow statement la bro. it is obviously because of increase in receivable and they clear their payable.

Posted by icecool > 2018-12-19 13:41 | Report Abuse

wah jaya u are greedy i took 2 cent only

Posted by SHQuah > 2018-12-19 14:00 | Report Abuse

This is a very good result consider during bad time.
Q3 profit = 22,554 millions
3 quarter profit = 66,669 millions
Dividend = 1.5 sen

Posted by naruko > 2018-12-19 14:07 | Report Abuse

this is just the beginning, that is why still not bad lol

Posted by tbc1982 > 2018-12-19 14:12 | Report Abuse

profit reduce 8%
better run

Posted by SHQuah > 2018-12-19 14:15 | Report Abuse

naruko......why are you so negative. If you don't like, sell lah.

LRT3 still got 5 years to go.
The Group’s strong order book will provide earnings visibility over the next few years. The Group is also on the lookout for opportunities in the Regional railway space, leveraging on its expertise as rail systems specialist in domestic railway projects. The Group’s established network with international rail specialists bolsters its standing for projects requiring international collaborations through joint ventures or other forms of strategic alliances.

Posted by SHQuah > 2018-12-19 14:19 | Report Abuse

profit reduce 8% but share price drop a few hundred %
Over sold

Posted by mon3y > 2018-12-19 14:20 | Report Abuse

should buy in more after lunch break?

Posted by Newplayer286 > 2018-12-19 14:20 | Report Abuse

Hmm shd I average now? My price 1.97 lol

Posted by ming > 2018-12-19 14:21 | Report Abuse

Without LRT3 still can achive this result.. very good lor.. but still depents how market read it

Posted by naruko > 2018-12-19 14:21 | Report Abuse

this counter is not bad, just enter at right price, long-term investment good
I am neutral to all counters, be rational man

Posted by icecool > 2018-12-19 14:31 | Report Abuse

ggkent qr ham7

Posted by SHQuah > 2018-12-19 14:38 | Report Abuse

Estimate 2018 Dividend % = 7 to 8 % based on current price
Better than Fixed Deposit and EPF

Posted by tan kent > 2018-12-19 14:43 | Report Abuse

good Q3 coming

Posted by SHQuah > 2018-12-19 14:59 | Report Abuse

RM1.00 soon

Posted by tbc1982 > 2018-12-19 15:01 | Report Abuse

0.835 run
soon will back to 0.8

Posted by LCLY > 2018-12-19 15:02 | Report Abuse

Don't say I didn't warn you guys. Stock will fly to 1.00 in a week hehehe

Posted by SHQuah > 2018-12-19 15:03 | Report Abuse

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

Dow future - very green - 3 pm

Posted by Patrick13 > 2018-12-19 15:04 | Report Abuse

The BOD is smart to release QR today. Market rebound plus not bad result boost the share price up today.

Posted by RainT > 2018-12-19 15:06 | Report Abuse

@newplayer286......your average costs RM1.97??

seriously with unrealised loss around 58% , its good u can still stay rational and keep on hold/ average down

Posted by RainT > 2018-12-19 15:07 | Report Abuse

no need rush to buy now

given current market condition , give GKENT few days to erect , after than will soft back for sure

Posted by RainT > 2018-12-19 15:08 | Report Abuse

always like that, when good qtr result out, share price erect very hard, after that loss steam and soft bad

Posted by RainT > 2018-12-19 15:09 | Report Abuse

@SHQuah

big fan of GKENT,

Mind to share how much is your cost price of GKENT investment ??

Posted by Kunkun > 2018-12-19 15:15 | Report Abuse

Hard to see this counter green

Posted by Nicholasming91 > 2018-12-19 15:20 | Report Abuse

So SBB no die liao ?

Posted by steo4 > 2018-12-19 15:22 | Report Abuse

Those who don't know much about Forex trading and wanted to learn for FREE.

Kindly PM me. We will give free training sessions for Forex learning

Whatsapp me for more details +60 112085 7623

Posted by SHQuah > 2018-12-19 15:34 | Report Abuse

Got more than 15K in dividend next month, but still losing. Average above 1.28

Posted by iwantberich > 2018-12-19 15:38 | Report Abuse

SHQuah Got more than 15K in dividend next month, but still losing. Average above 1.28

Your dividend only was my capital ><

Posted by Newplayer286 > 2018-12-19 15:38 | Report Abuse

RainT, my price is 1.97 not average price. Until now I haven’t average as I am not a gambler as I go for long term. But the opportunity to average still very erratic with the market now.

Posted by SHQuah > 2018-12-19 15:38 | Report Abuse

I hope in future Gkent and MRCB could get KL to Singapore railway projects.

Posted by guanteik > 2018-12-19 15:38 | Report Abuse

You're serious about 15K in dividend bro.... that's like 1M units of GKENT you're holding.

Posted by ChickyWaWa > 2018-12-19 16:03 | Report Abuse

RM263m cash, deposit and bank balance on hand. Apa lanchiao lu orang takut?

Posted by GrahamNewman > 2018-12-19 16:03 | Report Abuse

The business is treading along pretty well. Next year results will probably be better due to more water meter orders from Singapore and lrt 3 resumption, so currently the results from associate company is probably due from MRT 2 project, which Gkent holds a 49% equity interest. And the good thing about this contract is the company can gain recurring income as it also covers maintenance works. So we can see the development of the stock market deviated so much from the business itself.

Posted by ChickyWaWa > 2018-12-19 16:14 | Report Abuse

Still making profit? The dropping trend last 2 weeks makes me thought Q3 sure making loses... tiu.

Posted by SHQuah > 2018-12-19 16:23 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/12/19/lower-q3-profit-for-george-kent-dividend-1pt5c/

George Kent said nine month results were commendable with only a nominal contribution from LRT3 as the project is being renegotiated.

“Prasarana Malaysia Bhd issued a letter of appointment dated Nov 2, 2018 to MRCB George Kent Sdn Bhd for the award of the LRT3 project at a fixed contract sum of RM11.85bil.

“Negotiations are ongoing to finalise the terms of the new contract, while the project is being redesigned based on the revised specifications. Construction is anticipated to resume in the second half of 2019,” it said.

The company said water meter orders continue to be strong. The group recently won the Public Utilities Board of Singapore’s (PUB) tender to deliver 110,000 meters over six months beginning February 2019. This was the fourth consecutive win by George Kent to supply water meters to PUB since 2012.

Geroge Kent continues to export its meters to over 40 countries around the world. It said that its strong order book would provide earnings visibility over the next few years. The group is also on the lookout for opportunities in the regional railway space, leveraging on its expertise as rail systems specialist in domestic railway projects.

The group’s established network with international rail specialists bolsters its standing for projects requiring international collaborations through joint ventures or other forms of strategic alliances.

Posted by Maynot > 2018-12-19 16:49 | Report Abuse

Good2. Now i can trust the management. Smart move to release it today. If release yesterday or monday for sure it will give no effect to the price. Goodluck to all who is still holding. You all have a very good holding power and faith.

RM1.00 is coming.

Posted by awkf1990 > 2018-12-19 17:22 | Report Abuse

wanted to average down the price, but no money, bought at RM1.42 per share...
no wonder SHQuah is so active in this share forum, dividend of RM15k!? is like holding 1mil units of share with total buying price of approximately RM1-2 mil, i see mine drop more than 40% also damn scare

Posted by Vorster89 > 2018-12-19 17:22 | Report Abuse

gkent report released

Posted by Vorster89 > 2018-12-19 17:23 | Report Abuse

1.5cent dividend, haha

Posted by signalmw > 2018-12-19 17:28 | Report Abuse

1.5 sen dividend jump 7.5 sen

Posted by signalmw > 2018-12-19 17:29 | Report Abuse

good shiw

Posted by RainT > 2018-12-19 17:54 | Report Abuse

close at green, very good

clap clap clap...

Posted by ChickyWaWa > 2018-12-19 18:00 | Report Abuse

SBB today only 89.5k... so few but price shoot up almost 10%... Good sign.

Posted by tan kent > 2018-12-19 18:07 | Report Abuse

（吉隆坡19日讯）乔治肯特（George Kent (M) Bhd）在截至今年10月杪第三季净赚2055万令吉，比上财年同季的2868万令吉，按年下滑28.34%，主要是旗下业务盈利减少所致。

该集团在去年完成了一些项目，导致季度营业额从一年前的1亿2709万令吉，按年降低18.5%，至现财年第三季的1亿355万令吉。

该集团宣布，派发每股1.5仙第二次中期股息，将于2019年1月29日支付。

截至今年10月杪首9个月，乔治肯特的净利跌至6667万令吉，一年前为7255万令吉。营业额则从4亿4408万令吉，滑落至3亿1625万令吉。

展望未来，其重点仍然放在长期规划的策略计划上，以扩大收入基础，并补充说将通过分配大量资源来进一步扩大国内和区域的计量业务，来实现目标。

该集团表示，其强大的订单将在未来几年内提供盈利可见度。

此外，该集团还利用其作为国内铁路项目铁路系统专家的专业知识，在区域铁路领域寻找机会。

截至下午3点24分，该股报83.5仙，扬8仙或10.60%，成交量为422万8200股。