Posted by Bursalord > 2019-03-28 11:40 | Report Abuse

ECRL-linked construction stocks up
BUSINESS NEWS
Thursday, 7 Jun 2018

by zunaira saieed

image: https://www.thestar.com.my/~/media/online/2017/12/18/00/49/ecrl-east-coast-rail-link.ashx/?w=620&h=413&crop=1&hash=712068C50B2B9376866B702C54E0F9CEAD21CC71


KUALA LUMPUR: Following expectations of the East Coast Rail Link (ECRL) not being shelved, stocks of construction companies linked to the rail project rebounded yesterday.

An online portal disclosed that there is a heavy penalty imposed to terminate the project of some RM22bil, should the new government cancel it.


ADVERTISEMENT

Hence, shares of construction companies such as Gabungan AQRS Bhd, George Kent (M) Bhd and Lafarge Malaysia Bhd, which are linked to the possible contract wins in the project, had showed a rebound.

Construction player Gabungan AQRS shares rose around 11% to 85 sen at 5pm when the market closed yesterday, from 76 sen in early morning trade.



Cement player Lafarge Malaysia, which has secured a contract to supply cement for the ECRL project, rose 10.8% by midday to RM3.26, from RM2.94.


Read more at https://www.thestar.com.my/business/business-news/2018/06/07/ecrllinked-construction-stocks-up/#CYbFZR46MgtEjA8z.99

Posted by Bursalord > 2019-03-28 11:41 | Report Abuse

shares of construction companies such as Gabungan AQRS Bhd, George Kent (M) Bhd and Lafarge Malaysia Bhd, which are linked to the possible contract wins in the project, had showed a rebound.

Posted by Bursalord > 2019-03-28 11:42 | Report Abuse

George Kent (M) Bhd and Lafarge Malaysia Bhd, which are linked to the possible contract wins in the ecrl project,

Posted by qqq3 > 2019-03-28 15:16 | Report Abuse

a share needs a promoter......This Gkent got Philips approval.......The last time, PChem also can go up.

This time $ 1.30?

Posted by qqq3 > 2019-03-28 15:28 | Report Abuse

this company not bad one. They make more money, they will give u more dividend.

Posted by Bursalord > 2019-03-28 15:33 | Report Abuse

Mrcb already, go go gkent go

Posted by Bursalord > 2019-03-28 15:34 | Report Abuse

Buy before too late, gkent hit over rm 4 before due to ecrl project

Posted by qqq3 > 2019-03-28 15:40 | Report Abuse

Due to peculiarity of funds accounting ( not mutual funds), companies like EPF, KWAP and TH can only pay u dividends out of dividends received and other realised profits. They are always on the look out for dividend income. They have incentive to buy shares cum dividends.

Posted by Bursalord > 2019-03-28 16:25 | Report Abuse

Buy low and sell high ..
Tun daim will visit china 2/4/2019 for ecrl project final negotiations .
The result shall be positive

Posted by BluffIsFree > 2019-03-28 16:51 | Report Abuse

They may deal with a low price and hence dropping the profit margin of these companies...

Posted by ikah2000 > 2019-03-29 10:14 | Report Abuse

breaking news is gkent removed from tendering.ECRL....

Posted by Vincent Tan > 2019-03-29 13:36 | Report Abuse

wat news bro?

Posted by newbie8080 > 2019-03-29 14:18 | Report Abuse

@ Tian Bao Ming

Funny bro.


Posted by Tian Bao Ming > Mar 12, 2019 2:52 PM | Report Abuse

Yes, QR must be shitty and I won't tell you total share in issue 563m while treasury stock 46.8m. This share is hopeless, pls dispose all before it become worthless paper.

Posted by mamatede > 2019-03-29 14:59 | Report Abuse

I think Gkent is good to enter, not because of the contracts coming in. But because it has a strong water business as bottomline, the price has corrected a lot and stabilized, it has secured long term LRT3 contract so it wont go hungry this few years and also it pays dividend

Posted by guanteik > 2019-03-29 15:11 | Report Abuse

Tian Bao Ming, You're so confident about there's a catalyst on Monday. Can't you provide any teaser? Like trains, or waters meters made of gold or something?

Posted by SHQuah > 2019-03-29 15:25 | Report Abuse

April just go to airport, if you can find Gkent and MRCB bosses going to China with Tun Daim, Then we are going to to be rich. If not with current Meters, hospital and LRT projects company can still make good profit and pay good dividend for many years. So don't worry.

Posted by guanteik > 2019-03-29 15:30 | Report Abuse

Suspecting about this too. Hopefully turns out to be true I am still holding GKENT

Posted by ikah2000 > 2019-03-29 16:07 | Report Abuse

myself also holding this stock.... no ecrl poject, still have lrt and meter plus lucrative div...

Posted by SC > 2019-03-29 16:20 | Report Abuse

monday is apr fool...

Posted by geraldt9 > 2019-03-30 14:54 | Report Abuse

UMNO or BN cronies will be marked or scrutinised ' doubly ' close ... heydays are fast coming to a close or numbered ..

Posted by Bursalord > 2019-03-30 18:59 | Report Abuse

You like it or not, gkent will shoot UP like rocket.
Ecrl good news will out soon

Posted by rojakmee > 2019-03-30 20:29 | Report Abuse

gkent history of EPS and NTA not as great as Naim.

Posted by SHQuah > 2019-03-31 08:49 | Report Abuse

I think the future of Gkent is a lot better than Naim.

Posted by qqq3 > 2019-03-31 09:05 | Report Abuse

Gkent has tremendous possibilities. Naim is a cyclical business.

Posted by Bursalord > 2019-03-31 11:10 | Report Abuse

KUALA LUMPUR: The fate of the East Coast Rail Link (ECRL) is close to being finalised with just some minor details to be sorted out.

Tun Daim Zainuddin, who will lead a delegation from Malaysia to China to mend ties with the world’s second largest economy and Malaysia’s largest trading partner, says the team from China has been working with Malaysian officials for some time on the project and all that is left are some small issues to be ironed out.


ADVERTISEMENT

“We are almost there. Just need to tighten the screws here and there,” he says.

Daim says the Chinese companies were not in the wrong over the contract but it was an uphill task to convince them (to renegotiate).

ADVERTISING


“So let’s sit down and talk,” he says.

The ECRL project has been halted since July 3 last year. The 688km rail link, if built, will connect Port Klang in Selangor with Pengkalan Kubor in Kelantan, and will be constructed in two phases.

Daim says he has been in touch with the relevant parties in China and both countries have reached a decision to finalise the agreement.

Whether a final reworked agreement can be reached, Daim says: “We say Insya-Allah. But men have to work.”

Daim will brief Prime Minister Tun Dr Mahathir Mohamad of the developments over the ECRL and will head to China next month. It is an important trip so that any past friction between both countries could be smoothened out given the long historical ties both countries have shared.

“That is the objective. We have been friends for a long time and trading for centuries.

“We know them and have a long history of ties. We are the first country in Asean to establish relations with China.

“Those days they were poor and needed our help. But now, they are the second largest economy and soon will be the first. Like it or not, they are there,” he says.

Mending ties that seem to have been fractured is important as after Pakatan Harapan took power, contracts with Chinese companies, particularly the ECRL, were jettisoned. Negotiations have continued to resolve the impasse and both countries seem to have mended their differences and are back on the footing they had in the past.

Dr Mahathir said last week that Daim’s role as chief negotiator over the ECRL was important based on his expertise and capabilities.

He told Parliament that the government appointed Daim as an adviser to the Prime Minister to lead the negotiation process with China to ensure a win-win solution could be obtained.

“He was chosen because of certain capabilities. Sometimes when we are negotiating, we need a person who will be accepted by the other party.

“We face certain challenges in choosing the best person to carry out the negotiations.

“That is why we chose someone outside (the government) after making the evaluation as to who was best suited and capable to discuss with China,” he said.

Daim also says the issues surrounding water supply need urgent attention to make sure people and industries have enough supply of clean water.

He says the situation in Johor and Kedah is acute and there is little or no reserves in states such as Selangor.

“My own view is that water, electricity and telecommunications are strategic industries or infrastructure, and that is where Khazanah Nasional must come in.

“It costs a lot of money and has to benefit everybody,” he says.

TAGS / KEYWORDS:


Read more at https://www.thestar.com.my/news/nation/2019/03/31/fate-of-ecrl-close-to-being-finalised-says-daim/#bqWWR1rriUKyvyMW.99

Posted by chamlo > 2019-03-31 11:23 | Report Abuse

So many contractors vying for ECRL and Najib no more PM why must GKent sure get?

Posted by Bursalord > 2019-03-31 11:35 | Report Abuse

Lrt3 for example, ecrl project will be the same.
Gkent will continue as sub contactor for mrcb

Posted by 4444 > 2019-03-31 11:46 | Report Abuse

Why not vie for PDP to boost order books?

Posted by calvintaneng > 2019-04-01 08:16 |

Post removed.Why?

Posted by (Clark GKent) Philip > 2019-04-01 09:06 | Report Abuse

I don't understand that remark. I do understand I'm getting 6% dividend per annum in existing business, plus guaranteed profit from LRT3 11.8 billion contract incoming.

Is talamt paying you dividend over your 3 years since you bought it at 8 cents?

>>>>>>>
Posted by calvintaneng > Apr 1, 2019 8:16 AM | Report Abuse

why buy gkent when

COST IS HIGH NOW WITH PETROL RISING?

Posted by newbie8080 > 2019-04-01 09:25 | Report Abuse

The dividend for latest quarter is 30% lower as compared to the same previous quarter in 2018.
No guarantee in any biz.
Besides, the company is not getting any replenishment of their orderbook since last year.

Posted by stockraider > 2019-04-01 09:35 | Report Abuse

Wrong understanding mah....!!

Yes mah div is 30% lower but share price more than 50% lower mah...hence already corrected loh.....!!

Posted by Maynot > 2019-04-01 10:03 | Report Abuse

Klci dragging down gkent again

Posted by oasischeah > 2019-04-01 11:23 | Report Abuse

Today looks a "great" day for GKent. Somehow something big seems coming to GKent and the price will boom soon.This is my personal opinion and dream.

Posted by Bursalord > 2019-04-01 12:00 | Report Abuse

All the ecrl related counter already up, let's celebrate ecrl festival for whole month.
Rm2 coming

Posted by Bursalord > 2019-04-01 12:01 | Report Abuse

Buy before it's too late

Posted by Heavenly PUNTER > 2019-04-01 12:01 | Report Abuse

Dividend payout can fluctuate, don't be so sure! If the company makes a mistakes, then in future will definitely be lower payout or even no dividend! That's a possibility!

Posted by SHQuah > 2019-04-01 12:22 | Report Abuse

Think positive live longer.

Posted by Bursalord > 2019-04-01 12:51 | Report Abuse

China Communications Construction Co Ltd (CCCC) and its joint-venture (JV) partner George Kent (M) Bhd

Posted by Bursalord > 2019-04-01 12:52 | Report Abuse

Cccc is the main contractor for ecrl

Posted by Bursalord > 2019-04-01 14:37 | Report Abuse

Buy

Posted by SHQuah > 2019-04-01 14:49 | Report Abuse

https://www.thestar.com.my/news/nation/2019/04/01/loke-govt-requested-six-months-extension-from-singapore-over-rts-project/

The RTS Link project would cover 4km of rail between Bukit Chagar, Johor Baru and Woodlands, Singapore, with the capacity to ferry 10,000 passengers an hour.

Posted by oasischeah > 2019-04-01 14:53 | Report Abuse

Today looks a "great" day for GKent. it's gotta be a big big day for GKent.

Posted by mamatede > 2019-04-01 14:56 | Report Abuse

Feel like @Tian Bao Ming a bomoh.

Posted by SHQuah > 2019-04-01 18:31 | Report Abuse

Coming soon. Once Tun Daim sign new contract with China, Gkent & MRCB is going to fly high. Laughing all the way to the bank.

Posted by cheoky > 2019-04-01 19:32 | Report Abuse

Is a bird, no. Is a plane. No. It is Clark Kent with 4x C Chinaman

Posted by Vincent Tan > 2019-04-01 20:21 | Report Abuse

Ownership George Kent (Malaysia) Bhd
Mutual Funds that own GKENT
Name Shares Held % Shares Out Change In Shares % of Assets As of Date
DFA Emerging Markets Core Equity Portfolio 5,691,187 1.01% +940,300 0.01% 10/31/18
DFA Emerging Markets Small Cap Series 2,877,400 0.51% 0 0.01% 10/31/18
CIMB Principal - Small Cap Fund 1,940,700 0.35% -618,900 1.96% 12/31/17
Stichting Pensioenfonds ABP (Global Equity Portfolio) 1,834,681 0.33% +1,241,531 0.00% 09/30/18
DFA Dimensional Emerging Markets Value Fund 1,586,200 0.28% +1,586,200 0.00% 10/31/18
1,181,600 0.21% +1,181,600 0.11% 12/31/18
RAM (Lux) Systematic Funds - Emerging Markets Equities 1,157,393 0.21% +1,157,393 0.02% 06/30/18
892,576 0.16% +69,935 0.01% 09/30/17
KAF Dana Adib 592,000 0.11% +592,000 1.43% 04/30/18
KAF Tactical Fund 550,000 0.10% +550,000 1.25% 02/28/18
Institutions that own GKENT
Name Shares Held % Shares Out Change In Shares % of Assets As of Date
M.M. Warburg Bank (Schweiz) AG 19,375,735 3.44% +7,855,735 0.64% 04/30/18
Dimensional Fund Advisors LP 11,316,537 2.01% +2,651,400 0.00% 10/31/18
Norges Bank Investment Management 7,485,600 1.33% +7,485,600 0.00% 04/30/18
AIA Bhd. 5,552,811 0.99% +2,143,549 0.08% 04/30/18
Vantagepoint Investment Advisers LLC 3,706,550 0.66% +3,706,550 0.16% 04/30/18
Kumpulan Wang Persaraan 3,615,600 0.64% -884,400 0.01% 04/30/18
Phillip Capital Management Sdn. Bhd. 3,261,750 0.58% -4,566,600 1.51% 04/30/18

Posted by SHQuah > 2019-04-01 20:37 | Report Abuse

Watch out for RTS projects. Johor to Singapore.

Posted by ikah2000 > 2019-04-02 10:50 | Report Abuse

RTS project to EKOVEST, ANZO, NAIM, ECO WORLD, SP SETIA, GAMUDA, MRCB, IWICITY, but no GKENT....

Posted by SHQuah > 2019-04-02 11:25 | Report Abuse

MRCB always work closely with Gkent