Posted by Alfonso > 2020-01-21 13:29 | Report Abuse

tesco ong mali~

Posted by Kukuman > 2020-01-21 13:45 | Report Abuse

Still MYR0.53. If you bought MYR1 3 years ago, you are die flat.

Posted by PresidentRotiCanai > 2020-01-21 16:19 | Report Abuse

Today retrace, 2molo up

Posted by PresidentRotiCanai > 2020-01-21 19:03 | Report Abuse

The  Board  of  Directors  of  Mudajaya  is  pleased  to  announce  that  Mudajaya Corporation Berhad, a wholly-owned subsidiary of Mudajaya has on 21 January 2020, accepted the letter of award from Turnpike Synergy Sdn Bhd to undertake the Supply, Delivery, Installation, Testing, Commissioning and Maintenance of Street Lighting, High Mast and Traffic Light System for Project Sungai Besi – Ulu Kelang Elevated Expressway (Section B)  (“the Project”).

 

The contract sum for the Project is RM31.99 million. The Project is targeted to be completed by July 2020 with a construction period of 6 months from the date of site possession.

 

The Project is expected to contribute positively to the Group’s earnings for the financial year ending 31 December 2020.

 

Upon the award of the Project, the outstanding order book of Mudajaya as of to-date stands at RM1.4 billion.

 

None of the directors or major shareholders of Mudajaya or persons connected with them has any direct or indirect interest in the Project.

 

This announcement is dated 21 January 2020.

Posted by Depeche > 2020-01-21 20:01 | Report Abuse

RM31.99m contract....Not bad for 6 months work.

Posted by Depeche > 2020-01-21 20:03 | Report Abuse

Some celebrate the news by taking profit? Hahaha...0.555 new benchmark price

Posted by Kukuman > 2020-01-21 20:38 | Report Abuse

1 cent up 2 cent up... Small boys talk. Life should be better than this

Posted by COW666 > 2020-01-21 21:53 | Report Abuse

Well support, most likely will stay above 50 for awhile.

Posted by khpwwl > 2020-01-22 07:42 | Report Abuse

Yesterday thrown at 0. 555, a little bit profit just take 1st....

Posted by PresidentRotiCanai > 2020-01-22 13:11 | Report Abuse

Well supported. After new year will up to 60sens

Posted by PresidentRotiCanai > 2020-01-22 13:12 | Report Abuse

No worry on uptrend stock. Had golden cross after few years in dead cross

Posted by Alfonso > 2020-01-22 15:47 | Report Abuse

who bought at top RM2.70 is totally kesian.......

Posted by PresidentRotiCanai > 2020-01-22 16:05 | Report Abuse

Breakout!

Posted by PresidentRotiCanai > 2020-01-22 16:07 | Report Abuse

Alfonso.. Ya, I bought 100 unit at RM2.70.. Then RM0.165 i add another 100,000 units to average down.. Now lose big. T.T

Posted by sniper89 > 2020-01-23 09:36 | Report Abuse

kasi naik! bomm!

Posted by PresidentRotiCanai > 2020-01-23 11:06 | Report Abuse

Drop more i collect more. Good

Posted by TailWagsDog > 2020-01-23 15:27 | Report Abuse

Those who have the expertise, please advise:

The power plant has been written off completely, book value is zero. But it is generating income now, giving the company a regular revenue stream.

How can a revenue stream be genetated by an asset of no value? It is not possible. This must be corrected. There must be a write back at some point, correct? The auditors would insist, won't they?

Posted by PresidentRotiCanai > 2020-01-23 16:49 | Report Abuse

Lets shopping. Hehe

Posted by winefficietly > 2020-01-23 21:45 | Report Abuse

The company business unit able to provide as proof projection of the power plant able to generate positive cash flow and projected profit previous impairment should be reversed accordingly under current accounting standards ( MFRSs )

Posted by winefficietly > 2020-01-23 21:56 | Report Abuse

If possible reversal of impairment, the company will have huge amount which previously hitting P

Posted by TailWagsDog > 2020-01-24 00:12 | Report Abuse

Thank you, Wine.
There is a good case of a reversal of impairment, don't you think?

Posted by winefficietly > 2020-01-24 07:25 | Report Abuse

Impairment reversal is likely to happen if conditions fulfill

Posted by winefficietly > 2020-01-24 10:10 | Report Abuse

Based on past year trend, share market rally especially first few days after CNY. Hence to take position now is just like getting Ang Pow on the start of Rat year.

Posted by untong > 2020-01-24 17:52 | Report Abuse

They need to resolve their power purchase agreement and lenders resolution plan first.
For PPA so far only unit 1 secured longer term PPA,the following 550mW only had PPA for 3 years.

Posted by johnny cash > 2020-01-25 14:24 | Report Abuse

ANYBODY HERE FROM MUDAJAYA COMPANY?????? MY WHATSAPP +60193629402

Posted by sell > 2020-01-25 22:57 | Report Abuse

Even KYY dare not touch again. Be careful to chase high.

Posted by johnny cash > 2020-01-25 23:25 | Report Abuse

50 cents is not high for this company

Posted by winefficietly > 2020-01-26 07:24 | Report Abuse

The Group IPP investment in India of which its hold 26% via Associate Company RKM had been adjusted to NIL despite achieving Commercial Operation Date (COD). With NIL value for the investment they will not be any impact to financial result from the IPP project.
The positive news was that the group had enter into Pilot Agreement with PTC India Ltd for supply of 550 MW power for its unit II

Posted by winefficietly > 2020-01-26 08:12 | Report Abuse

As well as III for a period of 3 years

Posted by winefficietly > 2020-01-26 08:15 | Report Abuse

The contract expected to contribute positively to the group. With the solid forecast presented it will be likely able to reverse the earlier impairment in its investment in RKM

Posted by sell > 2020-01-26 10:34 | Report Abuse

<40 sen after Feb QR.

Posted by winefficietly > 2020-01-27 17:47 | Report Abuse

The company has turnaround and making profit after tax of RM1.7 mil for Quarter 3, 2019 (on the back of Revenue of RM110 mil) compared to Loss of RM(48.7) mil for the Quarter 3, 2018 (with Revenue of RM148 mil). This show a good turnaround of 28 times compared to same quarter in preceding year.

Posted by Depeche > 2020-01-28 08:10 | Report Abuse

Will take profit and observe how stocks pan out when bears are out...this viral outbreak could discount stock prices in coming weeks.

Posted by winefficietly > 2020-01-28 12:49 | Report Abuse

The Company book order stood at RM1.4 billion will sustain its operation 2 years. With recent launching of Bandar Malaysia projects and revive of ECRL turn the company construction positive as the company have huge experience in the respective sectors.

Posted by winefficietly > 2020-01-28 12:52 | Report Abuse

Construction Sector stay

Posted by winefficietly > 2020-01-29 09:37 | Report Abuse

With order book exceeding RM1 billion and India power plant issue being fully impaired with revenue stream from the power plant generate revenue. The Group prospect is seem to be good couple with its experience in rail and construction ( ECRL and Bandar Malaysia roll out ), hence the group anticipate to have good news flowing in from now on

Posted by winefficietly > 2020-01-29 12:18 | Report Abuse

With the result announcement season to to kick in for Quarter 4, 2019 and turnaround of the Group result in Last Quarter 3, 2019 of RM 1.7 mil from losses of RM (48.7) mil in Quarter 3, 2018 or losses in Quarter 2, 2019 of RM(30.8) mil. This is a significant turnaround for the Group.
Furthermore, the Group book order stood at RM1.4 bil with recent awarded contract from Turnpike Synergy Sdn Bhd. Rm31.9 mil has sent a good foundation forward for the Group.

Posted by Depeche > 2020-01-30 08:49 | Report Abuse

Cash cow in India needs to start contributing...hopefully there'll be power projects from Taiwan...and eventually able to sell power there too.

Posted by PresidentRotiCanai > 2020-01-30 16:32 | Report Abuse

Bus somw to keepppp

Posted by huntertee > 2020-01-31 11:29 | Report Abuse

Drop gaogao

Posted by PresidentRotiCanai > 2020-01-31 11:36 | Report Abuse

0.40 bottom

Posted by johnny cash > 2020-01-31 12:33 | Report Abuse

Dropped a lot

Posted by Alfonso > 2020-01-31 15:25 | Report Abuse

aduihai, kesian this MCB thought got support from oversea can at least climb a little bit....haiz, not disappointed at all since they used to be noov

Posted by johnny cash > 2020-01-31 23:53 | Report Abuse

So weak and fragile

Posted by Depeche > 2020-02-01 23:07 | Report Abuse

Deliberately cause panic selling...retail investors always at disadvantage....unless u have holding power.

Posted by yip_net > 2020-02-03 18:10 | Report Abuse

OTHERS MUDAJAYA GROUP BERHAD ("MUDAJAYA") - Pilot Agreement for Procurement of Power between R.K.M Powergen Private Limited and PTC India Limited for 4 x 360 MW Coal Based Independent Power Plant Project in IndiaMUDAJAYA GROUP BERHAD
TypeAnnouncementSubjectOTHERS
DescriptionMUDAJAYA GROUP BERHAD ("MUDAJAYA") - Pilot Agreement for Procurement of Power between R.K.M Powergen Private Limited and PTC India Limited for 4 x 360 MW Coal Based Independent Power Plant Project in India

 

We refer to our announcements dated 22 May 2017, 27 August 2018 and 30 October 2018 in relation to Mudajaya Corporation Berhad’s (“MCB”) investment in R.K.M Powergen Private Limited (“RKM”).  MCB is a wholly-owned subsidiary of Mudajaya.

 

The Board of Directors of Mudajaya is pleased to announce that MCB has on 1 February 2020, received a letter of notification from RKM stating that it has commenced power supply to the State of Telangana via PTC India Limited on 1 February 2020 pursuant to the Pilot Agreement entered into between RKM and PTC India Limited for the supply of 550MW power. This supply supplements the current power sales of 350MW to Uttar Pradesh Power Corporation Limited (UPPCL), bringing the total power sales from the RKM plant to 900MW.

 

The power sales commencement is expected to contribute positively to the earnings of the Group for the financial year ending 2021 onwards.

 

This announcement is dated 3 February 2020.

Posted by SharehlderOppression > 2020-02-04 09:36 | Report Abuse

The Group IPP investment in India of which its hold 26% via Associate Company RKM had been adjusted to NIL despite achieving Commercial Operation Date (COD). With NIL value for the investment they will not be any impact to financial result from the IPP project.
The positive news was that the group had enter into Pilot Agreement with PTC India Ltd for supply of 550 MW power for its unit II

"With the result announcement season to to kick in for Quarter 4, 2019 and turnaround of the Group result in Last Quarter 3, 2019 of RM 1.7 mil from losses of RM (48.7) mil in Quarter 3, 2018 or losses in Quarter 2, 2019 of RM(30.8) mil. This is a significant turnaround for the Group.
Furthermore, the Group book order stood at RM1.4 bil with recent awarded contract from Turnpike Synergy Sdn Bhd. Rm31.9 mil has sent a good foundation forward for the Group"

Thank you for this analysis @Winefficietly

Posted by ariehazimi > 2020-02-04 09:39 | Report Abuse

boomshakalaka

Posted by yoyo > 2020-02-04 12:32 | Report Abuse

add..

Posted by TailWagsDog > 2020-02-04 15:34 | Report Abuse

Agreements signed. Nothing more needed to reverse impairments.