Posted by Icon 888 > 2023-11-15 23:35 | Report Abuse

Once upon a time,, a diamond in bursa

Posted by gkent2000 > 2023-11-17 11:56 | Report Abuse

Miss the era of 1 Malaysia 😂

Posted by gkent2000 > 2023-11-24 16:24 | Report Abuse

Good q2 result can be expected i think ...

Posted by gkent2000 > 2023-12-08 11:20 | Report Abuse

PAT reduced more than 90% due to lower recognition of its share of results from operations and impairment of assets of an associate

Posted by Mini2021 > 2023-12-18 13:35 | Report Abuse

This glove counter no up? not in EPF list...pity

Posted by YT8170C > 2023-12-21 16:10 | Report Abuse

no pity, bossku is no more

Posted by Mini2021 > 2023-12-24 23:52 | Report Abuse

HSR coming ....

Posted by Icon 888 > 2023-12-27 01:20 | Report Abuse

Hsr next week

Posted by gkent2000 > 2024-01-08 15:57 | Report Abuse

Miss the Satu Malaysia moment. Ha

Posted by Icon 888 > 2024-01-22 12:03 | Report Abuse

Wtf

Posted by Icon 888 > 2024-01-23 14:41 | Report Abuse

Eat viagra..

Posted by Mini2021 > 2024-01-23 23:16 | Report Abuse

TP RM 1 June 2024...

Posted by gkent2000 > 2024-01-26 16:11 | Report Abuse

Why RM1 in June? 😅

Posted by Bull13 > 2024-01-27 22:45 | Report Abuse

Surprise announcement on HSR next week?

Posted by Bull13 > 2024-01-27 22:45 | Report Abuse

In 2018, GK made this announcement..
George Kent (M) Bhd and four multinational companies — Siemens AG, Alstom, Ferrovie dello Stato Italiane SpA and PORR AG, have formed a consortium to bid for the Kuala Lumpur (KL)-Singapore high-speed rail (HSR) project.

Posted by Bull13 > 2024-01-30 14:54 | Report Abuse

G KENT now moving up with increased volume. Is there an impending announcement by G KENT/JOHAN on HSR??

Posted by captainjack > 2024-01-30 14:58 | Report Abuse

jib gor might pardon later

Posted by ncy810116 > 2024-01-30 15:55 | Report Abuse

nice...

Posted by xuxu > 2024-01-30 16:04 | Report Abuse

fake news hehe

Posted by Santiago > 2024-01-30 17:47 | Report Abuse

Not a fake news but Utusan forced to retract the news as they didnt wait for official announcement before publishing the news. So they retracted the news.

Posted by Bull13 > 2024-01-30 21:25 | Report Abuse

KUALA LUMPUR (Jan 30): Two counters linked to Tan Sri Tan Kay Hock, namely Johan Holdings Bhd and George Kent (M) Bhd, saw their respective share prices hit a one-year high during Tuesday’s trading session.

Johan, which was barely traded with a two-month average volume of 467,500, emerged among the most active stocks on Bursa Malaysia after Tuesday’s noon break. It saw a total of 41.2 million shares change hands, its highest since August 2021.

The counter recorded its one-year high at 8.5 sen during Tuesday’s trading session, before closing at 7.5 sen — still up by 1.5 sen or 25% from its previous closing price of six sen. At 8.5 sen, the group is valued at RM87.6 million.

Branded Image
Branded
KPJ Healthcare: Leveraging technology to enhance patient-centricity
Since being appointed President and Managing Director of KPJ Healthcare Bhd in September 2023, Chin Keat Chyuan says his journey has been profound, especially in his engagements with hospitals and clinicians across Malaysia.

Meanwhile, George Kent saw its share price close at 58 sen, up seven sen or 13.5%, on Tuesday. The counter hit 62 sen, its highest over the last one year. Volume shot to 29.1 million shares — a four-year high — during the day.

At 58 sen per share, George Kent is valued at RM323.67 million.



While there are no announcements made by George Kent that could warrant the spike in its share price, it could be fuelled by rumours that its largest shareholder Tan is looking at options that could address the issue of losses at its associate companies.

Tan holds a 45.56% stake in George Kent through Kwok Heng Holdings Ltd, Kin Fai International Ltd, Suncrown Holdings Ltd and Star Wealth Investment Ltd, as well as Johan Equities Sdn Bhd.

In the financial year ended March 31, 2023 (FY2023), George Kent made a paltry net profit of RM739,000, compared with RM31.3 million in the preceding financial year. The plunge in profitability was due to the RM18.43 million losses at its associates during the year that George Kent recognised, compared with just RM2.2 million in FY2022.

In the six-month period ended Sept 30, 2023 (1HFY2024), George Kent's share of the losses at associates almost doubled to RM6.3 million, compared with RM3.97 million in the corresponding period, dragging the group's net profit to RM4.2 million. In the corresponding period, the group reported RM15.5 million net profit.

Note that George Kent holds a 40% stake in Dynacare Sdn Bhd, a rubber glove manufacturing company. The group had been awarded a contract to design and build a glove manufacturing plant in Lumut Port Industrial Park, Perak in October 2021 for a contract price of RM686.5 million.

However, the contract was revised on March 31, 2023 to limit the scope of works for design, construction, completing, testing and commissioning for up to six double formers lines for a total sum of RM187.3 million in accordance with Dynacare’s decision to have six lines under Phase 1.

Johan holds a 60% stake in Dynacare. Tan is also the largest shareholder of Johan with a 60.67% stake.

Besides manufacturing water meters, George Kent is said to still be eyeing a slice of the country’s rail developments. Recall that George Kent was a partner in the Light Railway Transit 3 (LRT3) project between 2015 and 2021.

A slew of rail infrastructure projects are being planned by the government including the Klang Valley Mass Rapid Transit Line 3, the Penang LRT, the proposed Johor Bahru LRT as well as the Kuala Lumpur-Singapore high speed rail.

Edited ByKamarul Azhar
Fullbanner Ad Mobile



Most Read
Just In
Shares in Daim-linked Avillion slide after MACC charge
Penny stocks in the spotlight again, Rapid Synergy hits fresh 14-year low
S P Setia hands over two amenities in Setia Alam Impian to state authorities
Land acquisition for MRT3 expected to be completed in two years
YTL Power rallies to fresh high as analysts bullish on PowerSeraya’s robust earnings




Level 3, Menara KLK, 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia

(+603) 7721 8000

info@bizedge.com

Home
Contact us
Sitemap
About us
Advertise with us
Terms & Conditions
Join us
Subscription
PDPA
Newsletter
Digital Editions
Copyright © 1999-2023

Posted by Mini2021 > 2024-01-30 22:56 | Report Abuse

RM 1 by June 2024

Posted by Mini2021 > 2024-01-31 07:24 | Report Abuse

Najib will be out soon... TP RM 1 easily achievable...

Posted by Sweetchocalates > 2024-01-31 11:40 | Report Abuse

Heard that it's partial pardon? Like reduced sentencing only.

Posted by speakup > 2024-01-31 12:36 | Report Abuse

Najib sentence should be Doubled for wasting Court's time!

Posted by sohaitrader > 2024-02-01 15:38 | Report Abuse

buy on rumors sell in news... now rumors just come out.. news come out later every time price go lower just grab it ... big boy oredy come in...goreng goreng ..chase high sure die for this stock ...

Posted by Squirtle > 2024-02-02 10:09 | Report Abuse

Wat news make it go 62c?

Posted by gkent2000 > 2024-02-02 17:25 | Report Abuse

Jib gor will be back in 2028 😁

https://www.malaysiakini.com/news/695122

Posted by el1t3man > 2024-02-06 16:18 | Report Abuse

haha buy and keep until 2028?

Posted by SBcoffee > 2024-02-06 16:51 | Report Abuse

Keep dreaming

Posted by Icon 888 > 2024-02-14 16:45 | Report Abuse

Day dreaming..

Posted by SBcoffee > 2024-02-15 17:47 | Report Abuse

Believe in your dream, hold till 2028

Posted by gkent2000 > 2024-02-19 16:59 | Report Abuse

Trust your dream that Jib gor will turn the tide

Posted by Icon 888 > 2024-02-20 18:30 | Report Abuse

See u 2028

Posted by Icon 888 > 2024-02-21 14:32 | Report Abuse

Come See next 4 years

Posted by gkent2000 > 2024-02-26 16:09 | Report Abuse

may be got 'white knight' will save GKENT in coming months 😁 Who knows, anything can happen 😃

Posted by YT8170C > 2024-03-01 13:52 | Report Abuse

Haha where is white knight??

Posted by Icon 888 > 2024-03-05 23:49 | Report Abuse

Why need white knight?? Company masuk pn17 ke

Posted by gkent2000 > 2024-03-06 12:16 | Report Abuse

Not necessary masuk pn 17 baru need white knight lo

Posted by el1t3man > 2024-03-19 16:51 | Report Abuse

buy & wait for bossku to come out 🤣

Posted by Noni > 2024-03-27 22:50 | Report Abuse

Rindu masa Bossku....

Posted by gkent2000 > 2024-04-03 17:33 | Report Abuse

Bossku will balik in 2028 with whiter hair. Be patient 😁

Posted by el1t3man > 2024-04-04 17:40 | Report Abuse

can go visit bossku if rindu

Posted by gkent2000 > 2024-04-12 16:51 | Report Abuse

Good idea, el1t3man. Bring some ketupat to him also

Posted by birkincollector > 2024-04-21 16:21 | Report Abuse

might goreng soon, PMX seem to just confirm house arrest is on the card

Posted by gkent2000 > 2024-04-24 16:53 | Report Abuse

Then Jib got will be out of the cell before 2028?

Posted by gkent2000 > 2024-04-30 22:11 | Report Abuse

Will Gkent turn green in the next QR 😁

Posted by gkent2000 > 2024-05-15 09:31 | Report Abuse

Heard that it will show green result this month end

Posted by gkent2000 > 2024-05-20 17:59 | Report Abuse

50 cents, 50 cents is coming

Posted by Icon 888 > 2024-05-20 18:10 | Report Abuse

50cent.. I give u la