Posted by SHQuah > 2020-07-20 09:48 | Report Abuse

https://www.thestar.com.my/news/nation/2020/07/20/urban-rail-progress-on-track

As for its ongoing LRT3, which had suffered delays, Prasarana’s deputy head for LRT3 Mohd Lokman Hamid confirmed there are practically no more outstanding issues for the LRT line from Bandar Utama to Johan Setia, Klang.

“We have completed around 99% land acquisition, and are in the middle of settling related payments. We have taken over nearly all work sites. Things are going full swing,” he said last Saturday.

Posted by Philip ( buy what you understand) > 2020-07-20 11:09 | Report Abuse

If you don't have patience and look at the earnings and cash flow in the future, you will only be looking at past results and see only sad things.

As for me I only started to build up my position last year when the revision of agreement was signed in February 2019 and new revision of fixed price contract. I bought it with full expectation of holding on until 2024 when earnings from LRT3 comes in.

For those who are looking at 6 months and 12 months earnings this will not be a good trading stock for you ( just the way I like it).

For those who want security of a company with huge share buybacks and huge net cash position and a strong manufacturing and engineering team, gkent is my pick.

Let this old story continue to give me good cash flow in the future and pay me good returns with dividends and share buybacks.

For those who want to buy speculation stocks, go right ahead. Buy the boring, unpopular and profitable company.

Posted by XiuyyXiong > 2020-07-20 13:51 | Report Abuse

Volume increased today. 量来价平

Posted by RainT > 2020-07-21 15:01 | Report Abuse

one day show?

Posted by RainT > 2020-07-21 15:07 | Report Abuse

@SHQUAH


"the Board of Directors does not propose paying a further dividend for the year under review."
The meaning of UNDER REVIEW could be maybe 2020 need to review first ?
But Year 2021 onward should be back to normal with dividend if business has recover.

Year under review is means for financial year 2020

as the annual report is for year 2020

for year 2021, still not sure yet, with so many issue n uncertainty with GKENT

U seem so confident that year 2021 onwards will back to normal ?
pray hard will back to normal

Posted by Chong (Buy Valuable Stocks) > 2020-07-21 15:29 | Report Abuse

That's possible LRT3 contract might be revised back to previous version. PH is over, Jib gor is back. Jib Gor posted on facebook today to request to revise the plan. Hopefully, it's back to original plan.

Posted by SHQuah > 2020-07-21 18:29 | Report Abuse

New government revised ECRL project, so anything is possible.

Posted by XiuyyXiong > 2020-07-21 22:32 | Report Abuse

https://malaysiagazette.com/2020/07/19/segerakan-projek-lrt3/

Posted by XiuyyXiong > 2020-07-21 22:33 | Report Abuse

No wonder volume increased these few days. Ajib commented on his fb page

Posted by SHQuah > 2020-07-22 09:13 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/07/21/malaysia-to-sign-us880-mln-rail-deal-with-singapore-july-30-minister-says#cxrecs_s

Anyone know which company will be getting the projects ?

Posted by RainT > 2020-07-22 10:04 | Report Abuse

U Turn here and there

at the end back to the ori plan

Posted by mylinuxbsd > 2020-07-22 10:05 | Report Abuse

PUCHONG, MALAYSIA, 15 JULY 2019 – George Kent (Malaysia) Berhad (“George Kent” or “the
Group”), through its wholly-owned subsidiary George Kent International Pte. Ltd. (“GKI”), has entered
into a long-term license agreement with Honeywell for a license of the technology and know-how to
manufacture high-precision water meter measuring components for the V100 and V110 C-Class
volumetric water meters. The agreement also includes the transfer of associated machinery and tools.
The Group currently imports Honeywell precision measuring components and registers which are then
assembled with the brass housings manufactured by the Group. Under this agreement, the Group will
manufacture the measuring components, the brass housings and assemble the parts into complete
water meters. This will enable the Group to control its component supply to meet increasing demand
and reduce production costs.
The License Agreement also allows the Group to exclusively sell the Products under its GKM
trademark and GEORGE KENT brand name to 26 territories, including 15 new territories in the Asia
region allowing further opportunities for growth. The Group will also continue to sell the Products back
to Elster for their sales into other worldwide markets.
The agreement is not expected to have a material effect on the Group’s earnings for the current
financial year ending 31 January 2020, but is expected to contribute positively to the Group’s earnings
in the years to follow.
Commenting on the agreement, Chairman Tan Sri Dato’ Tan Kay Hock said:
“This is an important development for George Kent. With this agreement, we can now manufacture
the complete meter, including the precision measuring components and assemble the complete meter
at our world-class production facility. This will enable us to have better control over our component
supply chain to meet increasing demand and reduce production cost.”
_____________________________________________________________

Posted by RainT > 2020-07-22 10:11 | Report Abuse

RTS project, GKENT get?

any relate with GKENT for the RTS project?

Posted by Slc1 > 2020-07-22 10:43 | Report Abuse

Hope so.

Posted by amzarb44 > 2020-07-23 09:49 | Report Abuse

PH no hope, lucky get lost early

Posted by SHQuah > 2020-07-23 10:30 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/07/23/earnings-of-construction-companies-seen-picking-up

Earnings of construction companies seen picking up

Posted by SHQuah > 2020-07-25 08:48 | Report Abuse

Everyday share buy back. Number of shareholders will become less & less. Killing a lot of weak shareholders. Remaining all strong shareholders.

Posted by trylearn123 > 2020-07-26 12:54 | Report Abuse

蛰伏了两年，要起飞了？

Posted by WorldWideInvestor > 2020-07-26 19:33 | Report Abuse

Arghhh, must buy more

Posted by WorldWideInvestor > 2020-07-26 19:33 | Report Abuse

Cannot drop more

Posted by SHQuah > 2020-07-27 21:40 | Report Abuse

AGM 29 July. Please attend and ask more questions. Update us. Thanks.

Posted by Devilsadvocatee > 2020-07-28 09:58 | Report Abuse

ajib gor SRC case verdict is drawing interest to this stock!

Posted by thetrueinvestor > 2020-07-28 12:39 | Report Abuse

gg, today free fall drop to 50 sen

Posted by thetrueinvestor > 2020-07-28 12:39 | Report Abuse

najib guilty

Posted by bsngpg > 2020-07-28 12:47 | Report Abuse

I have this morning let go all GKent which were purchased since 2016. I opt to not to wait for "The Return of The King". Bye Gkent.

@SHQuah : Thks for your persistent support for Gkent for years. You are a great guy. Good luck to you and Philip.

Posted by uniteen > 2020-07-28 13:09 | Report Abuse

Rise to 72 cents and then drop back? Damn

Posted by K-Den > 2020-07-29 10:40 | Report Abuse

any update on AGM? good or bad new?

Posted by K-Den > 2020-07-29 12:04 | Report Abuse

from price movement, seem like no any special good new, continue hold, cheer

Posted by Devilsadvocatee > 2020-07-29 12:07 | Report Abuse

Basically, nothing new except not sure if it's mentioned already - they won a 40mil water meter supply contract for 600,000 water meters to 6 states in Msia for 24 months under the non-revenue water meter initiave.

Posted by SHQuah > 2020-07-29 12:16 | Report Abuse

What do you mean by non-revenue water meter initiave ? After AGM share price no support ?

Posted by Devilsadvocatee > 2020-07-29 12:19 | Report Abuse

Non Revenue Water in Malaysia. Non revenue water (NRW) is water that has been produced and is "lost" before it reaches the customer. Losses can be real losses (through leaks, sometimes also referred to as physical losses) or apparent losses (for example through theft or metering inaccuracies).Nov 21, 2017

Posted by Devilsadvocatee > 2020-07-29 12:24 | Report Abuse

First time visiting their factory office. No frills, no nonsense. I have a good gut feeling on my investment.

Posted by SHQuah > 2020-07-29 12:27 | Report Abuse

Did they mention on future dividend ?

Posted by Devilsadvocatee > 2020-07-29 12:36 | Report Abuse

They plan to give dividends in FY21.

Posted by SHQuah > 2020-07-29 12:41 | Report Abuse

Good. Thanks. At least 2021 still got dividend.

Posted by Sslee > 2020-07-29 13:29 | Report Abuse

Dear Deviladvocatee,
I had sent in the below questions and senior manager communication department had acknowledge received of my questions. Did the Board answer the below pre-sent questions?
https://klse.i3investor.com/blogs/Sslee_blog/2020-07-02-story-h1509713378-Questions_for_the_Gkent_69th_AGM_on_29th_July_2020.jsp

Thank you

Posted by amzarb44 > 2020-07-29 15:59 | Report Abuse

Desperately need answer from sslee question pleasee

Posted by rururunnn > 2020-07-29 16:02 | Report Abuse

no win construction project??

Posted by SHQuah > 2020-07-29 19:09 | Report Abuse

Philip......do you have any latest update after AGM ?

Posted by Devilsadvocatee > 2020-07-29 20:46 | Report Abuse

Hi SS Lee, your questions was answered although I managed to record some only. Here goes:-

1)It has already been more than 3.5 years since contracts awarded in Oct and Dec 2016. Are both projects on schedule? When will be the contractual handover date? And contractual delay hand-over LAD claim date?

A: Construction activities ceased completely during the mco. Work only recommenced early-june 2020 after the completion of the mandatory foreign worker health screenings for covid-19.

The contractual completion dates for hosp Tanjung Karang and hosp endorkin putrajaya are both in nov 2020. We have submitted applications for the extension of time due to the mco and rmco. jkr is processing our applications.

we are accelerating as we adapt to the government's standard operating procedures.

2)What are the balance revenue and cost for these two hosp projects?

A: For both hosps, the balance as at 31 Jan 2020 is appx. RM260 mil.

9.) What are assets employed, revenue generated and profit/loss from this principal activity?

A: as at the end of financial year, the group registered short-term deposits with licensed banks of rm104.2 mil and dividend income of 1.4 mil.

If they upload the minutes as they said they will consider, u guys should be able to read it all.

Posted by Sslee > 2020-07-30 09:09 | Report Abuse

Thank you Devilsadvocatee,
Gkent website already upload the AGM minutes till 2019. Most likely they will upload the 2020 AGM minutes too soon.

Posted by Devilsadvocatee > 2020-07-30 17:29 | Report Abuse

@ Sslee It's just my personal conclusion but I think there are no "wow" factors in the entire agm. Most information could be found in the AR and QR already. Chairman also sound very cautiously optimistic which I think its responsible and great.

Words such as "reasonable profit for LRT3" is the only one I can remember cleary. For example.

Posted by SHQuah > 2020-07-30 20:06 | Report Abuse

Devilsadvocatee ...... thanks for the update.

Posted by Sslee > 2020-07-30 21:05 | Report Abuse

Dear all,
Received from Senior Manager Communications Department George Kent (Malaysia) Berhad

Thank you for your interest in our Company.

Attached are the responses to your questions.

Have a good week.

https://klse.i3investor.com/blogs/Sslee_blog/2020-07-30-story-h1511443183-Gkent_Board_answer_to_my_pre_send_AGM_questions.jsp

Posted by joonyuenjeen > 2020-07-31 08:01 | Report Abuse

Sslee, thnks for your effort.

Posted by Sslee > 2020-07-31 08:28 | Report Abuse

Dear all,
Can someone tell me is it true that in Malaysia as a public listed entity, we are not permitted to provide earnings forecasts?
For what I know every IPO prospectus come with earning forecast. US listed companies even can issue earning warning and every IB report in Malaysia give earning forecast. Where IB got this information if this information is not given by the listed companies?

I will rephrase this question: The completion date for the project agreement is 28th Feb 2024. Will the Board kindly share with us the MRCB George Kent Sdn Bhd Revenue and Profit projection for year 2021, 2022, 2023, 2024 and 2025?

Since the LRT3 project was re-modelled from a PDP to a fixed-price turnkey project by the Government. Arising from the above, the project budget and profit have been revised. May BOD share with us since the budget and profit have been revised, what the revised estimate profit margin for LRT3 fixed-price turnkey project is?

Posted by SHQuah > 2020-07-31 09:55 | Report Abuse

I don't like the way they reply on questions 4 & 5. Question 11 on dividend for year 2021 give us more confident. On question 13 & 14 I hope they will really consider.

Posted by Slc1 > 2020-07-31 10:38 | Report Abuse

Wah...next time i choose stock to buy i'll make sure Phillip,Sslee and SHQuah are onboard. No need to worried get con.

Posted by rururunnn > 2020-08-03 15:14 | Report Abuse

lol//

Where IB got this information if this information is not given by the listed companies?

Posted by FreshGraduate > 2020-08-03 16:11 | Report Abuse

IB have their own research team to project a forecast but im not sure what method they are using to value gkent at 50 sen. Hope they're not just plucking some random numbers.