Posted by JN88 > 2018-10-08 16:59 | Report Abuse

Gamuda will get the compensation......that why they got ball to no agreed.....wakakaka

Posted by JN88 > 2018-10-08 16:59 | Report Abuse

Niama this company is too old..

Posted by tai yee > 2018-10-08 17:00 | Report Abuse

ekovest ? gkent? who knows.... or b4 open tender, Gamuda give further discount / re-design at cheaper cost.

Posted by godhand > 2018-10-08 17:01 | Report Abuse

can u pls do homework ah which construction company do underground tunneling which never do

Posted by 4iiii > 2018-10-08 17:01 | Report Abuse

China cannot do underground? Only under BN got corruption?

Posted by KAQ4468 > 2018-10-08 17:01 | Report Abuse

Posted by hollandking > Oct 8, 2018 04:45 PM | Report Abuse

during glove? U need kevlar gloves






durian glove cannot tahan one la ...sure berdarah tangan kudung jari


hihihihih

must prepare Kevlar glove ...tahan api punya

Posted by relaks > 2018-10-08 17:03 | Report Abuse

Imho, construction co better DUN buy for time being. Gomen no money! Too many project scrapped!

Posted by dompeilee > 2018-10-08 17:03 | Report Abuse

I buy for dividend & investment...but small enuf qty so that even if drop to 2.00 no heart pain lol =)

Posted by Victor Yong > 2018-10-08 17:04 | Report Abuse

Tomorrow, another crazy rush again? :)

KUALA LUMPUR (Oct 8): There will be no change to the number of underground stations for the Mass Rapid Transit 2 (MRT2) project, Finance Minister Lim Guan Eng said, dismissing concerns after the federal government decided to retender all the unfinished underground work of the project via an international open tender process.

The Ministry of Finance had yesterday announced the termination of the underground work contract of the MRT2 with MMC Gamuda KVMRT Sdn Bhd, a joint-venture between Gamuda Bhd and MMC Corp Bhd, after the two parties failed to reach an agreement relating to a reduction in the construction cost.

A total of 35 stations, 11 of them underground, will be built under MRT2, also known as the Sungai Buloh-Serdang-Putrajaya (SSP) line.

"More savings will be gained when we retender the underground portion of the project soon and we will not be reducing the number of stations," said Guan Eng in his luncheon address at the Khazanah Megatrends Forum 2018 themed "On Balance: Recalibrating Markets, Firms, Society and People" here today.

"Just by rationalising and implementing the open tender process, more savings are anticipated," he added.

Guan Eng pointed out that the government had shaved RM5.22 billion off the MRT2 total cost of RM56.93 billion recently by rationalising the above ground portion of the project, noting that the RM5.22 billion savings represent 23% of the above ground portion of the cost.

"We have adopted a wider application of open tender for government procurements and projects whereas previously, direct negotiations done by the previous administration had led to overspending," said the minister.

He added that the government had also successfully renegotiated the light rail transit 3 (LRT3) project back in July when the original construction cost was cut by 47% to RM16.63 billion from RM31.65 billion by tweaking the design specifications so that it meets a more realistic passenger demand projection.

"If there are key priority areas that require spending, we would be more than happy to spend – especially when it leads to long-term sustainable growth that improves the well-being of the rakyat," said Guan Eng.

He noted that the government is currently reviewing a large number of concessions and projects under the public-private partnership scheme. To date, 44 of them have been approved to proceed on the condition that it goes through strict vetting procedures, among others, open tender process benchmarked against international practices.

"So, while we are reviewing more public-private partnership (PPP) projects, we do not intend to cancel them, but to change the format and the mechanism implemented, [in which, there will be] no more direct negotiations, but by competitve open tenders," said Guan Eng.

Posted by trulyinvest > 2018-10-08 17:06 | Report Abuse

pang72, u kena slaughtered ka? kikikiki

Posted by Jon Choivo > 2018-10-08 17:06 | Report Abuse

The Boring Company

hahah, they are plenty globally. Only question is, given the inherent cost advantage of gamuda being local and have the machines in place already, can gamuda lose?

But, is gamuda willing to sit there shake leg until tender finish, or uninstall everything and go home? Tender can be easily few month. The cost per day is easily few mil. Let say just 2 months, cost may exceed 100mil (depreciation etc).

If gamuda want to claim for idle while tender running, gov going to ask them go fly kite. It may even cost more than another contractor, shipping in their machine.

Very difficult questions.

=====
Posted by godhand > Oct 8, 2018 05:01 PM | Report Abuse

can u pls do homework ah which construction company do underground tunneling which never do

Posted by dompeilee > 2018-10-08 17:09 | Report Abuse

Also, for risk mgt purpose, I SOLD my Singapore listed StarHub shares, which have been rising nicely, after holding for exactly two months for a nice 17% gain, the sales proceeds 3X what I spent to purchase Gamuda 2day :

https://1.bp.blogspot.com/-rZdhTEVivEc/W6oF6insheI/AAAAAAAADLA/PqEb_kRCtTUwCYAeNrhqKJFVIrr4ItX2wCLcBGAs/s1600/Starhub%2BBuy%2BAug%2B18.png

Already one dividend from StarHub sudah macuk kocek
=)

Posted by Victor Yong > 2018-10-08 17:09 | Report Abuse

:)

Finance Minister Lim Guan Eng says Malaysia is not in an austerity mode, instead it is adopting a smart spending in the key priority areas. - Bernama

KUALA LUMPUR: Malaysia is not in an austerity mode, instead it is adopting a smart spending in the key priority areas, especially when it leads to long-term sustainable growth that improves the well-being of the rakyat, said Finance Minister Lim Guan Eng.

He said Malaysia is not going to just pursue fiscal consolidation as too fast a consolidation might affect growth.

“We need to pursue economic diversification.

"Fiscal consolidation is a means towards fiscal sustainability. But sustainability requires a reasonable level of economic growth,” he said in his luncheon address at the Khazanah Megatrends Forum 2018 here on Monday. - Bernama

Posted by Victor Yong > 2018-10-08 17:09 | Report Abuse

:)

Finance Minister Lim Guan Eng says Malaysia is not in an austerity mode, instead it is adopting a smart spending in the key priority areas. - Bernama

KUALA LUMPUR: Malaysia is not in an austerity mode, instead it is adopting a smart spending in the key priority areas, especially when it leads to long-term sustainable growth that improves the well-being of the rakyat, said Finance Minister Lim Guan Eng.

He said Malaysia is not going to just pursue fiscal consolidation as too fast a consolidation might affect growth.

“We need to pursue economic diversification.

"Fiscal consolidation is a means towards fiscal sustainability. But sustainability requires a reasonable level of economic growth,” he said in his luncheon address at the Khazanah Megatrends Forum 2018 here on Monday. - Bernama

Posted by Jon Choivo > 2018-10-08 17:09 | Report Abuse

drop another 20% i can consider.

Posted by WalkSideway > 2018-10-08 17:09 | Report Abuse

Open tender are meant to international players as well. If in terms of local company, Gamuda is the best to execute underground work. But with TBM has been duplicated by China company (only 40% price what Herrenknecht is offering), China company are able to take Gamuda's work for at least 20% lower price. International tender is negative news for Gamuda but it might be a roti canai story if local company make fuss for awarding big contract for foreign company

Posted by KAQ4468 > 2018-10-08 17:11 | Report Abuse

Posted by Victor Yong > Oct 8, 2018 05:04 PM | Report Abuse

Tomorrow, another crazy rush again? :)





itu confirmed ...kikikikiki

Posted by JN88 > 2018-10-08 17:11 | Report Abuse

If delay 6 months...each day cost rm 2 million enough...
Shipping machine is a problem, worker is a problem (new rule of oversea worker).....

Posted by KAQ4468 > 2018-10-08 17:12 | Report Abuse

up sikit kasi ikan bilis terjun masuk ...after that continue bombing

Posted by bnmacai > 2018-10-08 17:17 | Report Abuse

vote for bn next election. will make sure gamuda go back to 5. tu lah all so gungho about pakatan. now u suffer.

Posted by Pilotsport > 2018-10-08 17:18 | Report Abuse

Tsh said tomorrow shot shot shot

Posted by Pilotsport > 2018-10-08 17:19 | Report Abuse

Many group call short tomorrow

Posted by punchjoe > 2018-10-08 17:19 | Report Abuse

Look at the q sell volume, even if everyone here sailang to save Gamuda, it can barely move the price. Anyone who try to post positive news and hope it can recover, it won't help. There will only be more victims if price continues to drop tomorrow.

Posted by JN88 > 2018-10-08 17:20 | Report Abuse

Tsh is nothing.....The boss of gamuda is everything........just like MYeg and Gkent....Myeg short kao kat now back to normal...

Posted by JN88 > 2018-10-08 17:20 | Report Abuse

Myeg simpaly get the contract back due to bend down

Posted by JN88 > 2018-10-08 17:22 | Report Abuse

Demand and seller volume always can create by big player........

Posted by JN88 > 2018-10-08 17:23 | Report Abuse

Price is what you pay, Value is what you get.......

Even shark can create low value to make you think is undervalue or go halland...... they can create up-ing picture to make you imaging the sky is limit.....

Only the real value is true

Posted by Kampung Boy > 2018-10-08 17:24 | Report Abuse

LGE had done enough damages to the construction industry. It is time to shut him down. Created so much havoc for SST and created so much damages to Gamuda, GKent and MRCB. Created so much troubles to the Bangla and Indon. Many many thanks to all the Malaysians who voted Pakatan. You supporters really love Pakatan Harapan so much. Keep sacrificing. Its a no no problem. Only people suffer as a result in the end. Everything will be more costly instead after calculating all the compensations to be paid. Bravo New Malaysia. Malaysia Bolih !

Posted by KAQ4468 > 2018-10-08 17:25 | Report Abuse

boss JN88


amacam ? can consider ?

kita hamtam sikit nanti ... bikin ibu duit ...


wa rasa setakat 40% - 50% profit in 6 months , no issue punya

Posted by punchjoe > 2018-10-08 17:26 | Report Abuse

We should bring back old one who stole rakyat money? ..

Posted by JN88 > 2018-10-08 17:26 | Report Abuse

Woo John .....underground hard to design..... open air can cancel the bumbong .....just like you dont want extension you new house when you buy.....but all the electricity is hard ...

Posted by bnmacai > 2018-10-08 17:29 | Report Abuse

bring back bn and we all prosper together. janji tak bohong

Posted by JN88 > 2018-10-08 17:29 | Report Abuse

KAQ4468: CEO masih Yun Ling Lin so boleh......if change long long name can't......The first I know GAMUDA is they are builing Bandar Botanic at BUkit Tinggi housing area.....the first developer more stronger than other...

Sekarang ada big boy main...... kasi sikit boleh...

Posted by JN88 > 2018-10-08 17:29 | Report Abuse

KAQ4468: focus Airasia lagi 20 hari...kikiki

Posted by freddiehero > 2018-10-08 17:30 | Report Abuse

lets break 2.0

Posted by JN88 > 2018-10-08 17:32 | Report Abuse

when i think MYeg go down to rm 0.3......cilaka go back rm 1.8...... for this study case you slow slow study la......

Even Myeg such simply project can come back

Posted by rajachulan > 2018-10-08 17:36 | Report Abuse

first the GLC, then the GLIC and now the cronies (ex-linked)... Hopefully this is the last phrase of cleansing so we all can go back to normal life...rakyat's asset/fortune evaporating direct/indirectly everytime LGE speak.

Posted by Pilotsport > 2018-10-08 17:39 | Report Abuse

Roti canai no coming....haha

Posted by JN88 > 2018-10-08 17:46 | Report Abuse

No LGE how to buy cheap??wakakakaka

Posted by Victor Yong > 2018-10-08 17:52 | Report Abuse

:)
KUALA LUMPUR: Bursa Malaysia Securites suspended the short-selling of MMC Corporation at midday on Monday after the share price fell more than the 15% or 15 sen limit.

According to the Bursa Securites statement issued at 11.58am, the proprietary day trading (PDT) and intraday short selling (IDSS) activities will be suspended for the rest of the day. They will resume at 8.30am on Tuesday.


At 12.30pm, MMC Corp was down 23 sen to RM1.12. It fell to an intra-day low of RM1.12.

The FBM KLCI was down 0.08 point to 1,777.07. Turnover was 1.32 billion shares valued at RM809.05mil. Decliners beat advancers 658 to 154 and 296 counters were unchanged.




Kenanga Investment Research said that in a surprise move, the Ministry of Finance announced the termination of Gamuda-MMC Corp JV as the main contractor for the tunneling works for MRT2 which was valued at RM16.7b that was awarded back in 2016.

News reports said the unfinished underground work would be re-tendered out through an international open tender process.

“This is a negative shock to us as we never expected the government to terminate the contract as the project is on-going and the termination might result in a hefty compensation to the contractors.

“With this news, we cut both Gamuda (TP: RM3.25) and MMC Corp (TP: RM1.45) to market perform from outperform with lower target prices of RM3.25 and RM1.45 from RM4.30 and RM1.95 previously.

“We downgraded Gamuda’s FY19/FY20E by 33%/32% while MMC Corp’s FY18/FY19E are reduced by 43%/63% after factoring the loss of this tunnelling works,” said Kenanga Research.

Posted by Victor Yong > 2018-10-08 17:54 | Report Abuse

Tomorrow, maybe, china markets recover :)
KUALA LUMPUR: Construction stocks took a hit on Monday with Gamuda taking the brunt of the selling pressure as the government revised the Mass Rapid Transit (MRT) 2 project.

At 5pm, the KLCI was down 1.4 points or 0.08% to 1,775.75. Turnover was 2.37 billion shares valued at RM1.82bil. Decliners beat advancers nearly four to one with 745 losers to 195 gainers and 323 counters unchanged.


Adding to the doom and gloom was the selloff of the China markets, which resumed trading after a week-long break. Shanghai's main index resumed trading after a long holiday and mainland blue chips sank 4.3% on concern over growth and an intensifying trade row with the United States, Reuters reported.

At Bursa, Gamuda fell 78 sen to RM2.43 with 92.70 million shares done while MMC Corp lost 22 sen to RM1.13 with 6.92 million units traded. The fall in the shares also prompted Bursa Securities to halt the short-selling activities until Tuesday.




image: https://content.aimatch.com/default.gif
AmInvestment Research had cut the earning outlook and reduced the fair value by 19% to RM2.71 for Gamuda and downgraded its call to underweight from hold. The earnings downgrade was to reflect the government’s termination of MMC-Gamuda as the tunnelling contractor for the MRT2 project.

IJM fell 19 sen to RM1.60 while Sunway Construction ended the day 19 sen lower at RM1.56.

Press Metal fell 15 sen to RM4.93 and erased 1.06 points from the KLCI while Tenaga was down six sen to RM15.38 and wiped out 0.61 of a point.

Time dotCom fell 25 sen to RM8 after it reduced its broadband prices though analysts expected it to fare better in the long run.

Telekom lost seven sen to RM3.01, Axiata shed one sen to RM4.29 while Maxis gained one sen to RM5.70 and Digi three sen higher at RM4.71.

As for consumer stocks, F&N fell 68 sen to RM37, Dutch Lady
image: https://cdn.thestar.com.my/Themes/img/chart.png
lost 66 sen to RM64.34 and Ajinomoto 42 sen lower at RM21.54. Nestle rose 50 sen to RM146.40 and BAT 10 sen to RM33.60.

IHH Healthcare was the biggest mover among the KLCI stocks, rising 20 sen to RM5.30 and pushing the KLCI up 2.96 points.

As for banks, RHB Bank fell five sen to RM5.28, Maybank one sen lower at RM9.65, while CIMB and Public Bank were flat at RM6.04 and RM24.98.

IOI Corp gained eight sen to RM4.57 and added 0.9 of a point to the KLCI, PPB Group two sen higher at RM16.86, KL Kepong was flat at RM25. Sime Plantations was flat at RM5.25 and Sime Darby three sen lower at at RM2.60 while Sime Property one sen down to RM1.11.

As for glove makers, Supermax lost 22 sen to RM2.84 and Hartalega seven sen down at RM6.31.

Among the chip makers, MPI slid 28 sen to RM12.38 and KESM 20 sen to RM14.90.

Posted by Victor Yong > 2018-10-08 17:56 | Report Abuse

hopefully,tomorrow, gamuda buyback its own shares and institutional funds will buy more and more of gamuda shares, good luck guys, :)

Posted by mf > 2018-10-08 18:03 | Report Abuse

Sell

Posted by joeshare > 2018-10-08 18:05 | Report Abuse

haiyah i knew this going to happen after tht politician remark ..

Posted by nkk53 > 2018-10-08 18:12 | Report Abuse

The PH gov must had some elements of collusion and corruption in the award of MRT contracts ,most of it are overprised.Kickbacks were common those days

Posted by Stock_god > 2018-10-08 18:14 | Report Abuse

Strong collect(collapse) now

Posted by Victor Yong > 2018-10-08 18:20 | Report Abuse

not received yet? bagi sedikit discount , boleh Jalan kot? :)

MMC says no termination notice of MRT2 underground contract received yet
theedgemarkets.com
/
theedgemarkets.com

October 08, 2018 18:02 pm +08

-A+A
KUALA LUMPUR (Oct 8): MMC Corp Bhd said today MMC Gamuda KVMRT (T) Sdn Bhd has not received any notice from Mass Rapid Transit Corp Sdn Bhd (MRT Corp) or the government pertaining to the termination of the Mass Rapid Transit Line 2 (MRT2) underground contract.

MMC and Gamuda each hold a 50% stake in MMC Gamuda KVMRT.

In a filing with Bursa Malaysia today, MMC said it will make further announcement once an official notification is received from MRT Corp and/or the government.

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MMC shares closed down 22 sen or 16.3% at RM1.13 today, with 4.84 million shares done, bringing a market capitalisation of RM3.44 billion.

Posted by Victor Yong > 2018-10-08 18:22 | Report Abuse

:)

Lim Guan Eng : MoF reviewing large number of public-private partnership projects managed under Public-Private Partnership Unit, but have no intention to cancel them

Posted by ray1980 > 2018-10-08 18:26 | Report Abuse

To night Us Dow Jones index would be down one more times.So I q buy 2.32 on morning session n hope afternoon session could be rebound up!

Posted by JN88 > 2018-10-08 18:26 | Report Abuse

Niama memang roti canai.... this LGE every weekend roti canai...