"We share this same vision and I hope to see 'Made In Malaysia' rolling stocks exported to the Asean region," he said, adding that there is huge business potential in the region as Asean member countries develop their own railway system.
Rolling stock refers to any vehicles that move on the railway including locomotives, coaches, and wagons.
For FY18, the total contracts secured by listed companies only amounted to RM18.9b, a drastic drop of 48% YoY, after the conclusion of the cost review in LRT3 and MRT2. Moving into 2019, we hope to see improvement in jobs secured by listed companies, banking on the re-tendering of Klang Valley Double Track works, public hospital works, monorail to Putrajaya, potential infrastructure spending by the Sarawak government, and full rollout of Pan Borneo Sabah. However, we do not expect any news-flow on the above mentioned projects in the near term as we are expecting the contract awards to kick in earliest by 2HCY19. Hence, we believe that contractors would be vying for more private jobs i.e. low-cost housing, high-rise buildings, malls, office redevelopment projects, and private/specialist hospitals in the near term. Hence, we believe that contracts secured by listed companies would be similar if not higher. In the event that contracts secured are lower than FY18, we see minimal downside risks to KLCON’s valuation from here as: (i) now it is already trading at through levels, at 10-year -3SD levels, and (ii) we do not expect more negative news-flow like project cancellation for mega infrastructure projects.
Well people always judge stocks by the sectors. Construction sector recently took a beating because of delays, not cancellations. People tend to substitute words in forming perception. And also, money earned by construction is the same as money earned from other sectors, it is just how fast and sustainable of the earnings. Sooner or later the market will recognize that.
We can see from this flurry of events that Malaysia as a developing country cannot escape having more construction projects in the future. The government debt of 1 trillion should not be confused with national debt. Most of the debt( about 70% I think though I’m not entirely sure)are owed to the rakyat of Malaysia, so it will be just a change of hands. If the money is repaid to the rakyat, we could see a shift in the construction industry where infrastructure are privately financed, then we can anticipate some real impetus in construction spending.
Sharinginfoz - Gkent div. is already ex on 4th Jan 19. If you bought from the 4th onwards it does not qualify for this dividends. Next div. will come in a few months time..
Second Interim Single-tier dividend of 1.5 sen per ordinary share
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 04 Jan 2019 2) The last date of lodgment : 08 Jan 2019 3) Date Payable : 29 Jan 2019
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....
SHQuah
5,363 posts
Posted by SHQuah > 2019-01-04 09:27 | Report Abuse
https://www.thestar.com.my/news/nation/2019/01/03/loke-railway-diplomacy-with-china-will-boost-malaysias-rail-industry/
"We share this same vision and I hope to see 'Made In Malaysia' rolling stocks exported to the Asean region," he said, adding that there is huge business potential in the region as Asean member countries develop their own railway system.
Rolling stock refers to any vehicles that move on the railway including locomotives, coaches, and wagons.