Kimlun Corp Bhd has received a RM98.3 million worth of housing development contract in Johor Bahru from Meridin East Sdn Bhd, a subsidiary of Mah Sing Group Bhd.
It told stock exchange that its unit Kimlun Sdn Bhd has received the letter of award from Meridin East today and been tasked to construct a total of 492 units of houses in Mukim Plentong.
"The construction work is expected to be completed by July 2018," it said, adding that the contract is expected to contribute positively to its earnings during the contract period.
Developers urged to build more affordable homes By Tan Ai Leng / TheEdgeProperty.com | April 27, 2016 5:51 PM MYT
KUALA LUMPUR (April 27): Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah said the supply of affordable housing is not sufficient to meet demand.
He added that some developers prefer to build high-end projects for higher profit margins.
“We [government] will talk to the developers about this and encourage them to build more affordable homes to cater to the needs of the people,” he told reporters after officiating the opening of the International Real Estate Research Symposium (IRERS 2016) here today. IRERS is organised by the Valuation and Property Services Department (JPPH) of the Finance Ministry.
He noted that Khazanah is working with UEM Group on a pilot project to build affordable homes for the low to medium income groups by using the Industrialised Building System (IBS).
“Through the pilot project, we could evaluate the building cost and efficiency. If it works well, there will be a significant increase in the supply of affordable homes in the future,” he added.
Kimlun will benefit from Industrialised Building System (IBS).
you see kimlun continue to get project , but idiot still continue selling. Or Gorek gorek Gtronic At there. How many million kimlun get contract arealy?
Yes, bought back yesterday after disposing all of my mother & son shares recently, now paper gain. With more contracts, KIMLUN should be aiming for the sky. Today morning session will go up again?....watch the show.
Government targets to construct at least 1 million units of affordable home since 2008 under by PR1MA, PPA1M & SPNB.
Majority of these projects will adopt IBS (Government’s policy that the content of IBS components in every new government project is to be increased to no less than 70%)
What i like about this Q1F16 is the group’s gearing has been pared down to 28.2% from 35.4% underlining the management’s prudence in maintaining a strong balance sheet. The figures are provided by Malacca securities.
gohkimhock.. agree with you, i keep since $1.19 (april 2015)...a lot improvement for gearing ratio, EPS and profit margin...TA still uptrend still above MA200
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....
mamatede
3,950 posts
Posted by mamatede > 2016-04-18 23:09 | Report Abuse
This counter has been moving up a lot lately, time to take profit and consolidate for a while...