MRT3 tender result already release, YTL corp biding for CMC302 is the lowest RM 10.8 billion, IJM is second lowest at RM 11.8 billion. Gov manage to save at least RM 1 billion if award according to tender result.
YTL wholly own YTL cement (97% stake) is actually far bigger than Mcement. YTL through YTL cement control 78% in Mcement and hold additional unlisted Mcement RCPS which can be converted to Mcement anytime to boots up its stake to 85%, YTL cement operation is larger than Mcement and and record much higher profit than Mcement contribution alone
YTL cement aside through Mcement involve in cement manufacture, YTL cement also operate own upstream construction material like sand, limestone, gravel, concrete, precast and operate Malaysia largest Quarry in Batu Tiga, provide in house raw material for cement production and supply such building material for external construction and property development.
Open tender should be based on lowest bidder as all jobs scope in tender are same applies to all bidder.
Of course, cannot rule out if Unity government face political interference later, chose other than lowest bidder as winner.
But, if fair and transparent apply to administration, it should pick lowest bidder as winner, gov with tight budget at least can save RM 1 billion cost to pick YTL RM 10.8 billlion vs. second lowest IjM RM 11. 8 billion
Despite IJM involvements in Mrt and mrt2, YTL have vast experienced in train infrastructure and is currently building Gemas double track train and previously built and operate EDL link KL airport and is earlier winner HSR.
Don't have much faith in the government. They don't seem like walk the talk kind of government. Before become government talk one thing, after become government give another excuse
Gov wish to cut cost by RM 5 billion on MRT3 from RM 50 billion to RM 45 billion. For CMC302 package alone , YTL clearly meet gov wish to cut cost by RM 1 billion or 20% of targeted cut cost RM 5 billion from overall total cost
YTL able to bid for lowest is simply due to its strong in house cement production (command 60% Malaysia market share) and in house building material supply chain (operate Malaysia largest Quarry in Batu Tiga). YTL through control major construction building material cost have enable it to bid for lowest.
i only can said odds is high base on face table, under table nobody known. But if gov really wish to cut cost, YTL is best and fulfil all criteria which give gov good credit and show to public to vote and win in upcoming state election,.
After MRT3, next will be HSR. As HSR is fully private funded, YTL again have strongest financial strength. YTL ERL express train concession business model is best model to applied on HSR. For information YTL ERL is commercial viable and profiting business model under 30 year concession and extend another later for another 30 year. For coming HSR, the initial concession may be longer, 50 year or 60 year and can be extended by another period later
Blowhard contrarian indicator & self-confessed monkey reappears...when flush down to 80c again, will disappear again LOL Already sold 2/3 of my holdings & then re-purchased partially @ 88.5c so NO NEED TO worry this time =)
Luckily he's not in S'pore...no wonder my Great Eastern & Ley Choon shares listed there have been soaring recently LOL!!! Thanks, self-confessed monkey!
Indonesia trials first high-speed rail in boost to Jokowi legacy, It is now Anwar turn built HSR for his legacy, a successful launch will pave way for him to outperfrom previous PM, Mah, Muy, Ism
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
dompeilee
11,888 posts
Posted by dompeilee > 2023-06-22 07:27 | Report Abuse
First major setback & already all disappeared...this is the calibre of Malaise-ia...