Posted by Begineer > 2021-01-05 22:15 | Report Abuse

Issue with politicians may not be a good sign for future gov's project.

Posted by SHQuah > 2021-01-06 11:01 | Report Abuse

With the current Covid-19, even if there is an election this year, I won't go and vote. Who ever win, no difference. Government can change again anytime.

Posted by polycarp > 2021-01-07 06:44 | Report Abuse

Ppl changes no choice
So will the government

Posted by polycarp > 2021-01-07 06:55 | Report Abuse

Surely and slowly

Posted by williamtkb > 2021-01-07 07:00 | Report Abuse

Better change government. The politicians are like monkeys making monkey shows instead of managing country and helping Malaysian. All for own politicians benefits instead of Malaysian benefits

Posted by polycarp > 2021-01-07 09:56 | Report Abuse

When you make a monkey out of
yourself I will enjoy it.

Posted by FreshGraduate > 2021-01-07 19:25 | Report Abuse

Nice that's more like it. 200k sbb

Posted by SHQuah > 2021-01-09 17:41 | Report Abuse

Good share buy back.

Posted by Choivo Capital > 2021-01-11 16:10 | Report Abuse

https://www.malaysiakini.com/news/558386?utm_source=dlvr.it&utm_medium=facebook&fbclid=IwAR01-Susi_O2fzDlSfoZutXLWAJ0_QbicfFipp2BlJdzT-uTtdBPzZJ5lcM

See pay d, but slower.

Posted by SHQuah > 2021-01-14 18:03 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3121308

Posted by rururunnn > 2021-01-14 18:13 | Report Abuse

raise sukuk, die lo

Posted by skc761103 > 2021-01-14 20:23 | Report Abuse

Buy while u still have chance buy in such level low price , raise 600mil for funding lrt3 n merger acquisition

Posted by SHQuah > 2021-01-14 20:42 | Report Abuse

What merger ? Merger with which company ?

Posted by SHQuah > 2021-01-14 20:43 | Report Abuse

Philips & Sslee ..... please advise.

Posted by Sslee > 2021-01-14 21:04 | Report Abuse

http://www.georgekent.net/agm/
The AGM minutes mention about acquiring companies in Europe and Asia for technology, products amd market.

Anyway it is good to have credit line ready if such opportunity present itself.

Posted by Sslee > 2021-01-15 08:53 | Report Abuse

In liabilities: 500 million Islamic debt and
In current asset: Cash and cash equilvalent 500 million untill this current asset as used for........

Posted by InsiderShark > 2021-01-15 09:17 | Report Abuse

I believe they are expecting to win some new projects soon, no reason to borrow so much for nothing.

Posted by neohts > 2021-01-15 10:30 | Report Abuse

So with the 500 millions Islamic debt meaning the company liabilities or loan is more than Cash in hand now. They need the money to pay for LRT3 sub contractors.

Posted by FreshGraduate > 2021-01-15 10:54 | Report Abuse

When the sukuk is issue definitely the cash will increase.

Posted by SHQuah > 2021-01-15 14:18 | Report Abuse

How many % of interest rate for 500 millions islamic debt and for how many years ?

Posted by RainT > 2021-01-15 15:21 | Report Abuse

no hope on construction projects la

going forward only GKENT can depend on the water meter only

already gone GKENT glory days when it has high construction project

Posted by RainT > 2021-01-15 15:26 | Report Abuse

until now GKENT still heavily link with government ....

even already cannot get any new government contracts

and share price continue to tanks

Posted by MiaoMiao7 > 2021-01-16 22:46 | Report Abuse

@RainT

Maybe this RM600m susuk is for them to branch out to new projects not related to gov?

Posted by Philip ( buy what you understand) > 2021-01-19 05:49 | Report Abuse

If you look at it from a scuttlebutt point of view, and from the June agm, everyone should thank sslee. His writing has been noted, recorded and lit a fire under gkent ass. All duly noted and recorded.

Latest project win is 40m for Sabah Sarawak, pahang, kelantan, kedah and perlis. Yes 600,000 meters over 2 years is a tiny amount, but the applications and future it presents shows that the pilot project works
And once deployed will be an exciting day moving forward.

As for the sukuk usage, I believe only 300m from gkent will be for paying subcon(300m more from mrcb) which will be more than enough. Getting A+ rating means the rates will be reasonably low.

More importantly is gkent expansion overseas with 15 new territories grabbed by Honeywell, including south korean, taiwan, and Thailand. They are spending money to do mergers and acquisitions in Europe and Asia to grow this market moving forward. This is a good market to be in especially if you already have the factory and technology involved. 200 million is expected to be used for this side of the expansion.

Doing government work is difficult especially if you want to do things the proper way.

But I think gkent is going about it the right way, and the value of the company moving forward.

As for share buybacks, if total up all the share buybacks from 2019 until today versus the share price at this moment, I think you can say that gkent has been saving us a lot of money, unlike topglove share buyback.

Posted by SHQuah > 2021-01-20 17:50 | Report Abuse

Share buy back just to support the price from dropping lower.

Posted by thesteward > 2021-01-26 20:24 | Report Abuse

Good co. Time to big rebound

Posted by ChickyWaWa > 2021-01-29 22:43 | Report Abuse

Rumors said GKENT is working with Invest Perak (and Topglove but not sure) to develop a glove industrial area at Perak SilverValley. Is this true?

Posted by AllanTingAS > 2021-01-30 09:43 | Report Abuse

The Friday share buyback is terrible!!! 65% out if transaction was done by GKent. Logically, something good coming from the company. Tuesday will purchase some for mid term investment.

Posted by Begineer > 2021-01-31 15:55 | Report Abuse

rumour again?

Posted by neohts > 2021-02-08 11:24 | Report Abuse

If Gkent and MRCB could build the LRT3 by them self, no need to sub to others contractors, they can save a lot of cost. But too bad, Gkent does not have the knowledge.

Posted by InsiderShark > 2021-02-09 23:09 | Report Abuse

@neohts

dont know or it is gov police to give a % of project to bumi? If they as big company dont know and have to sub it out to knowledgeable smaller company then I think something is wrong somewhere.

Posted by pamaladu > 2021-02-10 07:57 | Report Abuse

https://www.lrt3.com.my/overall-linewide-progress/

Excellent! Progress ahead the target of 40% despite delayed payments from Prasarana.

Don't think many main contractors in the market undertakes to do the whole project on their own without sub-letting.

Posted by RainT > 2021-02-10 23:44 | Report Abuse

until now GKENT still have do LRT3 or not?

I am confused

Posted by Begineer > 2021-02-12 09:05 | Report Abuse

of course can. why not?

Posted by LongTermInvestor8 > 2021-02-15 22:44 | Report Abuse

Tomorrow GKent fly. Buy early morning, thank me later.

Posted by Begineer > 2021-02-16 12:45 | Report Abuse

LongtermInvestor8, what's the news?

Posted by Vincenteoh29 > 2021-02-16 16:01 | Report Abuse

It’s not flying

Posted by AxeCapital2077 > 2021-02-16 16:03 | Report Abuse

keep buyback shares must know something is up...

Posted by LongTermInvestor8 > 2021-02-16 17:44 | Report Abuse

@Vincenteoh29

Your definition of fly is not the same as mine. I like those slow flying, you want the rocket type. Remember, if rocket up will rocket down too. Better fly slow

Posted by LongTermInvestor8 > 2021-02-16 17:57 | Report Abuse

I dont forsee any more bad news. how low can it go? The only way is up from now. not to mention in a recession, the fastest way to boost the economy is to launch projects, gov will do this, and I see gov will spend money building new hospitals, hopefully LRT4 and replace all aging water meters. spend spend spend. gkent will benefit from gov projects just like how gov spend their way out of the recession in 2008.

Posted by LongTermInvestor8 > 2021-02-16 22:55 | Report Abuse

This is the standard playboy by almost every gov when it comes to getting the country out of recession... build build build spend spend spend borrow borrow borrow

GKent will benefit greatly when Malaysia gov borrow and spend to boost the economy

https://asia.nikkei.com/Economy/Singapore-to-fund-infrastructure-with-debt-as-COVID-swells-deficit

Posted by LimitupLimitDown > 2021-02-17 14:41 | Report Abuse

gkent balance sheet looks like damn healthy. anyway maybe comeback story otw with partnerships with honeywell to expand their business. Gov launch more projects can propel gkent back to RM1++ range. No reason to keep buying back shares if management doesnt think something is up

Posted by Esperian > 2021-02-22 14:56 | Report Abuse

Profit increasing for 3 quarter straight ... good place to park my money :)

Posted by InsiderShark > 2021-02-23 11:40 | Report Abuse

Introducing Air Selangor's New Water Treatment Plant - Rasau Water Supply Scheme

https://www.theedgemarkets.com/content/advertise/introducing-air-selangor-new-water-treatment-plant-rasau-water-supply-scheme

Posted by maxx papa > 2021-03-03 12:19 | Report Abuse

Gkent can't break 0.80 and just keep dropping this week :-(
Considering collect more to average the costs ...

Posted by pamaladu > 2021-03-03 18:00 | Report Abuse

MRCB got RM8mil PAT from LRT3

Posted by ongth60 > 2021-03-05 12:58 | Report Abuse

When is the quarterly announcement??

Posted by Begineer > 2021-03-05 17:44 | Report Abuse

Meaning Gkent will get RM8mil PAT from LRT3 also?

Posted by InsiderShark > 2021-03-05 18:10 | Report Abuse

@Begineer

Yes, it is a 50-50 JV. GK also got JV with CCCC in MRT.
https://www.facebook.com/MRTMalaysia/photos/pcb.4107008175997219/4107005532664150

This coming QR will be very good.

Posted by GorengHealthcare > 2021-03-09 15:10 | Report Abuse

Ah kent warming up