Other construction firms all announced pan borneo project wins...this one still.........if only they can win that would be the catalyst, turn around year + india cod + ???
The Board of Directors of Mudajaya is pleased to announce that Mudajaya Corporation Berhad, a wholly-owned subsidiary of Mudajaya, has on 28 July 2016, accepted the letter of award from Lebuhraya Borneo Utara Sdn Bhd to undertake the development and upgrading of the proposed Pan Borneo Highway in the state of Sarawak for Phase 1 - Works Package Contract (Sg. Kua Bridge to Sg. Arip Bridge) (“the Contract”). The Contract will be undertaken by Mudajaya Corporation Berhad together with Musyati Sdn Bhd under the name of “Musyati Sdn Bhd - Mudajaya Corporation Berhad Joint Venture” on the basis of 70%:30%. The total sum of the Contract is RM1,325,550,000. The Contract is targeted to be fully completed by October 2020 with a construction period of 48 months from the date of the site possession.
Meanwhile, Mudajaya Corporation Bhd said it has clinched a RM1.33 billion contract under the same highway project. It will undertake the works together with Musyati Sdn Bhd under a 70:30 JV. Mudajaya said the contract is for the development and upgrading of the stretch of highway from the Sungai Kua Bridge to Sungai Arip Bridge. The contract is targeted to be fully completed by October 2020 with a construction period of 48 months from the date of the site possession, the filing read.
Sifu Icon, Contract value = 1325m x 70% share = 928m x 10% net = 92.8m /552 shares = RM0.168/4yrs = RM0.042 (EPS) Without other catalyst, do you think the share can appreciate further?
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Posted by grace123 > 2016-07-20 10:10 | Report Abuse
Part one already awarded. Part two soon, today sawarak's counter all up this news was reported in yesterday star papers.