Higher toll rates from Thursday on six major highways Monday, 12 October 2015 By: RAHMAH GHAZALI
SILK Holdings Bhd says its Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd would raise the toll for cars using the SILK HIghway to RM1.80. SILK Holdings Bhd says its Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd would raise the toll for cars using the SILK HIghway to RM1.80.
KUALA LUMPUR: Toll rates along six major highways will go up between 20 sen and RM3 from Thursday, Oct 15.
The highways are the Kajang Traffic Dispersal Ring Road (SILK), Duta-Ulu Kelang Expressway (DUKE), Maju Expressway (MEX), Kuala Lumpur-Karak Highway (KLK), KL-Kuala Selangor Expressway (Latar) and the SMART tunnel.
Silk Holdings Bhd said on Monday that it would raise the toll for cars to RM1.80.
For vehicles with two axles and five or six wheels (except for buses), the new rate is RM3.60.
The toll rates for cars using the DUKE will be increased to RM2.50 at the Ayer Panas, Sentul Pasar and Kampung Batu toll plazas respectively.
MEX will increase its rates for cars to RM2 and RM3.50 at the Salak South toll plaza and Putrajaya toll plaza, respectively.
Motorists will also see an increase in charges for the KLK. Road users will be required to pay RM6 at the Gombak toll plaza and RM3.50 at the Bentong toll plaza.
For Latar, the new rates will be RM2.50 at the Ijok, Kuang Timur, Kuang Barat, Templer plaza toll and RM1.30 for Kundang Timur, Kundang Barat.
if we study the company financial report , silk has loss of 1.8 mill , should this rate hike of 80% implemented, this will surely turn from a losing money to money making company ....just my opinion ....happy investing
Most retail investors unaware that either the government pay or the user pay. As far as the company is concern, you either collect it on the spot, or later (from the government). No significant change in fundamental (other than collect cash earlier, which is good).
The main problems with SILK is loan-servicing. For instance, the vessels it had bought for the oil & gas division. Capital outlay is heavy. The highway concession brings in much-needed revenue, but a big part of that goes to loan servicing. But it *is* a good asset. One possibility for SILK - some cash-rich entity like EPF etc. makes an offer for the expressway. We can only hope for capital appreciation. No chance of a dividend ever being announced.
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