Timing is the factor, I keep reenter despite losing on brokerage fee bcos I know it will fly soon..don't want to miss the boat.looking at the way directors are buying the share I don't see I will lose at the end.
directors continue to acquirers...However don't touch this counter if u want to play contra..has been down 1 to 2 sen everyday opportunity for directors to buy cheap at force selling.Nomartlytice price drop during evening session. So guys invest smartly
unlikely to fly in 2013.....maybe 2014 /2015 when their projects are completed and able to earn money. long term ....share cld doubled...billion dollar company.....
The Board of Directors of Kimlun Corporation Berhad (“KIMLUN" or "the Company”) is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the letter of award from Bukit Indah (Johor) Sdn. Bhd, a wholly owned subsidiary of SP Setia Bhd for the construction of apartments and ancillary buildings in Johor Bahru, Johor (“the Project”). The contract sum for the Project is Ringgit Malaysia Seventy Million Five Hundred Thousand Only (RM70,500,000).
The construction work is expected to be completed by October 2015.
The Company does not foresee any exceptional risk other than operational risks associated with the Project.
The Project is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.
None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above Project.
Budget 2014: Construction sector remains overweight ..... Monday will fly ?
THE Government is continuing with the construction of large infrastructure projects to further upgrade road connectivity and public transport.
Among the projects is the 316km West Coast Expressway from Banting to Taiping to be built by Kumpulan Europlus Bhd for RM5bil on a build, operate and transfer basis.
“This is not new but it is a welcome move by the Government to support the project that has been delayed since 2008. The projects would add on to ongoing works like the Mass Rapid Transit (MRT), and Light Rail Transit (LRT) extensions,” said an analyst.
He said the Government seemed to be focusing more on public transport infrastructure especially rail projects and that the construction sector remained overweight with more contracts to be dished out.
Prime Minister Datuk Seri Najib Tun Razak also said the Ipoh-Padang Besar double-tracking project was still being built and would later be extended to Johor Baru. The electrified double-tracking project stretch between Ipoh and Padang Besar worth RM12.5bil was awarded to the MMC-Gamuda joint venture and the Seremban-Gemas stretch worth RM3.45bil to India’s Ircon International Ltd.
A total of RM2.9bil was also allocated under the Budget 2014 to upgrade rail tracks nationwide, and RM62mil more to provide “park and ride” facilities at LRT stations, KTM commuter stations and Express Rail Transit stations.
Syarikat Prasarana Negara Bhd (Prasarana), the owner and operator of RapidKL LRT, monorail and bus services, hoped more land would be allocated for the construction of park and ride facilities.
“Indeed, we need more park and ride facilities to encourage the public to switch from driving private vehicles to using public transportation. The trend is indeed changing, but we strongly feel that it needs to change more,” said group managing director Datuk Seri Shahril Mokhtar.
Prasarana opened a six-storey park and ride complex, with 1,260 parking bays at the Gombak LRT station in February, and would be opening similar facility with 1,140 parking bays at the Ampang LRT station next year.
The Government would also spend RM15.3mil to introduce a centralised taxi service system to ensure efficient mobilisation of taxi services.
A total of RM28mil would be utilised to build “last city terminals” and upgrading bus stops as well as providing “drop-and-ride” facilities, and a further RM28mil to refurbish Electric Multiple Units trains to ensure frequency and efficiency of services. It will also continue to subsidise RM52.9mil for uneconomical train routes in Pahang and Kelantan, which will benefit about 600,000 commuters.
In Sabah and Sarawak, the Government has allocated RM130mil to subsidise rural air transport for travel between urban and rural areas.
On behalf of the Board of Directors of Kimlun, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake a renounceable rights issue of 60,112,500 Rights Shares on the basis of one (1) Rights Share for every four (4) existing Kimlun Shares held together with 60,112,500 Warrants on the basis of one (1) Warrant for every one (1) Rights Share subscribed for, based on an entitlement date to be determined later.
Right issue = eat investors money..alwys remember that...price will continue drop to a point...then fluctuations will happened. ..opportunities are there for contra XD....short term price will continue to drop...XD
Extract from the Kimlun Announcement in Bursa Malaysia: For illustrative purposes only, the Rights Shares are assumed to be issued at an indicative issue price of RM1.10 per Rights Share, which represents a discount of approximately 37.85% to the theoretical ex-rights price of Kimlun Shares of RM1.77, calculated based on the five (5)-day WAMP of Kimlun Shares up to and including 24 October 2013 of RM1.94.
The Warrants attached to the Rights Shares will be issued at no cost to the Entitled Shareholders who subscribe for the Rights Shares.
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3388 views | 3 d ago
0:17
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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....
annsmith
239 posts
Posted by annsmith > 2013-10-03 19:45 | Report Abuse
Look at the US trend la, if US tumble u think it can sustain at current level?