GEORGE KENT (M) BHD

KLSE (MYR): GKENT (3204)

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Last Price

0.46

Today's Change

-0.005 (1.08%)

Day's Change

0.455 - 0.46

Trading Volume

628,900


15 people like this.

18,198 comment(s). Last comment by gkent2000 7 hours ago

Bull13

1,031 posts

Posted by Bull13 > 2023-11-09 21:39 | Report Abuse

Foreign funds buying? Something brewing?

Bull13

1,031 posts

Posted by Bull13 > 2023-11-14 16:44 | Report Abuse

GKent NTA is 1.0127. Grossly & dangerously undervalued at 50s. Attractive for buying a stake like Salcon.

Icon 888

2,215 posts

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

Once upon a time,, a diamond in bursa

gkent2000

232 posts

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

Miss the era of 1 Malaysia 😂

gkent2000

232 posts

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

Good q2 result can be expected i think ...

gkent2000

232 posts

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

Mini2021

1,388 posts

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

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

YT8170C

99 posts

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

no pity, bossku is no more

Mini2021

1,388 posts

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

HSR coming ....

Icon 888

2,215 posts

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

Hsr next week

gkent2000

232 posts

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

Miss the Satu Malaysia moment. Ha

Icon 888

2,215 posts

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

Wtf

Icon 888

2,215 posts

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

Eat viagra..

Mini2021

1,388 posts

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

TP RM 1 June 2024...

gkent2000

232 posts

Posted by gkent2000 > 2 months ago | Report Abuse

Why RM1 in June? 😅

Bull13

1,031 posts

Posted by Bull13 > 2 months ago | Report Abuse

Surprise announcement on HSR next week?

Bull13

1,031 posts

Posted by Bull13 > 2 months ago | 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.

Bull13

1,031 posts

Posted by Bull13 > 2 months ago | Report Abuse

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

Posted by captainjack > 2 months ago | Report Abuse

jib gor might pardon later

ncy810116

285 posts

Posted by ncy810116 > 2 months ago | Report Abuse

nice...

xuxu

5,487 posts

Posted by xuxu > 2 months ago | Report Abuse

fake news hehe

Santiago

452 posts

Posted by Santiago > 2 months ago | 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.

Bull13

1,031 posts

Posted by Bull13 > 2 months ago | 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.

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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
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Mini2021

1,388 posts

Posted by Mini2021 > 2 months ago | Report Abuse

RM 1 by June 2024

Mini2021

1,388 posts

Posted by Mini2021 > 2 months ago | Report Abuse

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

Posted by Sweetchocalates > 2 months ago | Report Abuse

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

speakup

25,058 posts

Posted by speakup > 2 months ago | Report Abuse

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

Posted by sohaitrader > 2 months ago | 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 ...

Squirtle

798 posts

Posted by Squirtle > 2 months ago | Report Abuse

Wat news make it go 62c?

gkent2000

232 posts

Posted by gkent2000 > 2 months ago | Report Abuse

Jib gor will be back in 2028 😁

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

el1t3man

57 posts

Posted by el1t3man > 2 months ago | Report Abuse

haha buy and keep until 2028?

SBcoffee

39 posts

Posted by SBcoffee > 2 months ago | Report Abuse

Keep dreaming

Icon 888

2,215 posts

Posted by Icon 888 > 2 months ago | Report Abuse

Day dreaming..

SBcoffee

39 posts

Posted by SBcoffee > 2 months ago | Report Abuse

Believe in your dream, hold till 2028

gkent2000

232 posts

Posted by gkent2000 > 2 months ago | Report Abuse

Trust your dream that Jib gor will turn the tide

Icon 888

2,215 posts

Posted by Icon 888 > 2 months ago | Report Abuse

See u 2028

Icon 888

2,215 posts

Posted by Icon 888 > 2 months ago | Report Abuse

Come See next 4 years

gkent2000

232 posts

Posted by gkent2000 > 1 month ago | Report Abuse

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

YT8170C

99 posts

Posted by YT8170C > 1 month ago | Report Abuse

Haha where is white knight??

Icon 888

2,215 posts

Posted by Icon 888 > 1 month ago | Report Abuse

Why need white knight?? Company masuk pn17 ke

gkent2000

232 posts

Posted by gkent2000 > 1 month ago | Report Abuse

Not necessary masuk pn 17 baru need white knight lo

el1t3man

57 posts

Posted by el1t3man > 1 month ago | Report Abuse

buy & wait for bossku to come out 🤣

Noni

667 posts

Posted by Noni > 4 weeks ago | Report Abuse

Rindu masa Bossku....

gkent2000

232 posts

Posted by gkent2000 > 3 weeks ago | Report Abuse

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

el1t3man

57 posts

Posted by el1t3man > 2 weeks ago | Report Abuse

can go visit bossku if rindu

gkent2000

232 posts

Posted by gkent2000 > 1 week ago | Report Abuse

Good idea, el1t3man. Bring some ketupat to him also

Posted by birkincollector > 3 days ago | Report Abuse

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

gkent2000

232 posts

Posted by gkent2000 > 7 hours ago | Report Abuse

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

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