Posted by Lucas Chan > 2018-10-09 17:48 | Report Abuse

Crazy seller will cry in the end, oversold by those, will rebound very soon

Posted by CharlieSim > 2018-10-09 17:48 | Report Abuse

really hurting our economy now ... hopefully short term pain for long term gain.... pray pray...

Posted by DreamConqueror > 2018-10-09 17:50 | Report Abuse

PH govt talak kloni gah. Bullshit yuga la. Ciagap caja tia bleshet la, tia perfect la, tia lurus la, tia apa lanjeow la. Sumua pun bullshit yuga la.

Posted by Pilotsport > 2018-10-09 17:51 | Report Abuse

金务大和马矿业昨晚指出，联营公司巴生谷捷运私人有限公司（MMC-Gamuda KVMRT）未获得削减成本的机会，因财政部没有透露理想中的工程成本。

不过，该公司仍愿意与财政部进一步磋商，以达致双方皆同意的成本。

新政府为削减开销，接连对大型基建项目进行审查，大马投银研究因此谨慎看待国内建筑领域前景。但由于基建项目仍是国家发展的关键，所以预计将在中期内恢复正常建设。

“我们认为焦点将转向规模较小的基建项目，如道路升级、桥梁与学校建设、排水系统，水源和电力供应等。

Posted by ks5S > 2018-10-09 17:51 | Report Abuse

Tomorrow gamuda plunge into his own dig graveyard / tunnel.
Disturb all those peaceful soul underground.

Posted by chinaman > 2018-10-09 17:51 | Report Abuse

myr16.71 is the benchmark. If no global bidder can beat to lower than this cost, Guan Yin will be very embarrassing. How confident he is that gamuda tunnel cost is more expensive?

Posted by DreamConqueror > 2018-10-09 17:52 | Report Abuse

PH govt will be rejected in 2023

Posted by Victor Yong > 2018-10-09 17:52 | Report Abuse

:)

ABOUT MMC GAMUDA KVMRT (T) SDN BHD
A JOINT VENTURE BETWEEN TWO OF MALAYSIA'S LARGEST ENGINEERING CONSTRUCTION GROUPS
MMC Gamuda KVMRT (T) Sdn Bhd (MGKT) was set up on 30 March 2012 to undertake the design and construction work for the underground package of Klang Valley Mass Rapid Transit (KVMRT) project. The MRT project is part of the Government’s Economic Transformation Programme and owned by the Government of Malaysia through MRT Corporation Sdn Bhd (MRT Corp).
The RM8.2billion tunnelling package for KVMRT SBK Line involves the design and construction of 9.5km of MRT underground tunnel with seven underground stations. MGKT won the contract through a competitive bid. The underground tunnelling alignment runs from the Semantan North Portal near the Federal Hill past the urban transport hub of KL Sentral and the busy streets of Bukit Bintang and Chinatown to the Maluri South Portal near Taman Miharja.
With proven track record in carrying out tunnelling and other underground works in the challenging geology of the Klang Valley, MGKT has also won the single-largest Mass Rapid Transit (MRT) package to date worth 15.47bil for the underground works in the recently launched MRT Sungai Buloh-Serdang-Putrajaya (SSP) Line.
The underground works package involves the design, construction and completion of tunnels, underground stations and associated structures such as portals and escape shafts for the SSP Line underground alignment from the Jalan Ipoh north escape shaft to the Desa Waterpark south portal.
The line will serve a corridor with a population of around 3 million people stretching from Sungai Buloh to Putrajaya and will include Sri Damansara, Kepong, Batu, Jalan Sultan Azlan Shah, Jalan Tun Razak, KLCC, Tun Razak Exchange, Kuchai Lama, Seri Kembangan and Cyberjaya.
The SSP alignment is 52.2km of which 13.5km is underground. A total of 36 stations, 11 of them underground, will be built. At commencement of full service in the second quarter of 2022, the SSP Line is expected to have a ridership of 529,000 passengers per day. This is expected to further improve the cronic traffic congestion currently faced by Kuala Lumpur.

Posted by Pilotsport > 2018-10-09 17:52 | Report Abuse

Tomorrow can rebound?

Posted by DreamConqueror > 2018-10-09 17:53 | Report Abuse

Bullshit yuga libih la, ini new Fin Min.

Posted by angkokann > 2018-10-09 17:54 | Report Abuse

Why LGE cannot do it gradually, so many projects called off. Make all investor run away and market likes shit.

Posted by DreamConqueror > 2018-10-09 17:54 | Report Abuse

Lain olang bili manglo below market price, tia yg bising sekali panggit prosecute. Smpy masuk lalam. Tia bili manglo below market price, aik, boleh pulak. Bukan bullshit gah, ini maciam.

Posted by DreamConqueror > 2018-10-09 17:56 | Report Abuse

Tia cancel renego kasi lain company bikin, tia tapat kickbacks lor. Ini maciam pinya bullshit yuga lor.

Tingok tia pinya mika pun sutah tau pinya lor.

Posted by Kendo Ken Hz > 2018-10-09 17:57 | Report Abuse

LGE is just an account, as into
Calculated,
lacking big vision to develop nation to be great.

Posted by DreamConqueror > 2018-10-09 17:58 | Report Abuse

Bullshit gangster yuga la, ini new Fin Min.

Posted by freddiehero > 2018-10-09 17:59 | Report Abuse

lets break 2.0

Posted by pang72 > 2018-10-09 17:59 | Report Abuse

Cost of living is high ! So to reduce the cost of living , you need to collapse the economic .
Then, bowl of noddle back to 3.5 because all bankrupt ...Cheap cheap...


So , lge is wanna to make the recession ...Cancel all projects...

Very smart!

Posted by GoodBoy > 2018-10-09 18:00 | Report Abuse

After kicked out BN government, we are hoping for a better government ... Looks like we are suffering more now ... Hopefully KLCI won't drop below 1000pts, public listed company's market capitalisation n share price won't drop 50% ... God help us, don't force us to pay more taxes ...

Posted by pang72 > 2018-10-09 18:02 | Report Abuse

Historical showed Renong bankruptcy caused all company suffer...

Gamuda follows the journey..

Posted by EngineeringProfit > 2018-10-09 18:04 | Report Abuse

interesting..

Posted by sjwee3 > 2018-10-09 18:04 | Report Abuse

Who dig the hole need to cover it back by their own.

Posted by sjwee3 > 2018-10-09 18:05 | Report Abuse

Just like who eat the bribe need to throw it back.

Posted by angkokann > 2018-10-09 18:05 | Report Abuse

Something is not right in LGE brain, just want to cut expenses only, this will cause a lot of big problem in economic, he cannot figure out other better way to boost up economic kehhhh..

Posted by pang72 > 2018-10-09 18:05 | Report Abuse

Hari2 dig the dirty story to bombard BN .
Please show your leadership to implement project to help the country...

Action...This PH....Talk too much!

Posted by DreamConqueror > 2018-10-09 18:08 | Report Abuse

Posted by pang72 > Oct 9, 2018 06:02 PM | Report Abuse

Historical showed Renong bankruptcy caused all company suffer...

Gamuda follows the journey..
______________________________________________________________________

Do you hv any solid evidence, Pang72. Nope, I don't think so. You are just accusing everything & everybody that you do not like of anything & everything under the sun.

Posted by pang72 > 2018-10-09 18:08 | Report Abuse

Yes...I don't like stock market

Posted by feimah > 2018-10-09 18:10 | Report Abuse

FF will avoid msia bcos of govt flip flop on decisions n not honouring existing contracts.. Suka suka minta renegotiate or cancel.

Posted by pang72 > 2018-10-09 18:13 | Report Abuse

Haha...

My China friends are avoid to tour in Malaysia because of the China Malaysia tension.
This is true story!

Posted by pang72 > 2018-10-09 18:14 | Report Abuse

If you don't believe the news paper reported Chiba tourist reduction in this China National day holidays..
But it is true

Posted by pang72 > 2018-10-09 18:15 | Report Abuse

OK, continued to short kau kau Gamuda..
Let's watch the ending story!

Posted by sjwee3 > 2018-10-09 18:15 | Report Abuse

Who ask you to dig the hole. Go to cry for daddy. But before that please hang over your contract first.

Posted by sjwee3 > 2018-10-09 18:21 | Report Abuse

Dont blame other.

Posted by Alibaba > 2018-10-09 18:24 | Report Abuse

http://www.theedgemarkets.com/article/mmcgamuda-can-still-bid-mrt2-underground-works-says-guan-eng?type=malaysia

Posted by sincere_analyst > 2018-10-09 18:25 | Report Abuse

Already ask not to touch this cb counter, you don’t listen. Give false shoot to trap you and you like stay in presidential suite. Really dai lei sei.

Posted by Goh Kim Hock > 2018-10-09 18:26 | Report Abuse

Majority of the people are supporting LGE. Only those few noisy Gamuda shareholders are making unnecessary noise here. When it comes to 1MDB scandal, all these people keep quiet and did not mention a single word. Pathetic.

Posted by hooi > 2018-10-09 18:27 | Report Abuse

tomorrow morning faster throw
don't have anymore hope on the crony counter.

Posted by GoodBoy > 2018-10-09 18:30 | Report Abuse

LGE wants ppl to look at him as an economist ... Listen to him as an accountant ... His is too ambitious n wishful thinking ... He is neither of economist nor accountant, he is just a bookeep ... hahaha ...

Posted by GoodBoy > 2018-10-09 18:31 | Report Abuse

*bookkeeper

Posted by Victor Yong > 2018-10-09 18:33 | Report Abuse

:)

KUALA LUMPUR (Oct 9): MMC Gamuda KVMRT (T) Sdn Bhd is welcome to participate in the international tender process for the unfinished underground work of the Mass Rapid Transit Line 2 (MRT2) project, Finance Minister Lim Guan Eng says today.

"The project continues. Hopefully at a cheaper price... It can still be [MMC-Gamuda] or any other company. [MMC-]Gamuda is welcome to bid for it," he told reporters on the sidelines of the "Malaysia: A New Dawn" conference here today.

Guan Eng also stressed that MMC-Gamuda's offer to reduce the construction cost of the balance of the uncompleted underground works by RM2.3 billion, or 24%, to RM7.3 billion from RM9.6 billion currently is still "inadequate".

"The government believes we can get higher savings from [the international] open tender," he said, adding that no timeline has been confirmed for the exercise.

Yesterday, the joint venture (JV) company said it remained open to further discussions with the Ministry of Finance in reaching an agreeable reduction.

On Sunday, Guan Eng announced that the government had decided to terminate the underground work contract of the MRT2 with MMC Gamuda KVMRT, a JV between Gamuda Bhd and MMC Corp Bhd, after the two parties failed to reach an agreement relating to the reduction of construction cost.

The minister also said MMC Gamuda KVMRT will receive compensation for work done for the completed portion of the underground works, although the details are yet to be finalised.

On MMC-Gamuda's statement yesterday that 20,000 jobs would be affected from the termination, Guan Eng said: "We are not cancelling the project... I'm sure many of these workers can be re-employed by the contract award winner.

Posted by sjwee3 > 2018-10-09 18:34 | Report Abuse

This is only diplomatic speech to calm down people. But the chance for MMC Gamuda is like 0.001% unless their CEO cronies being chopped.

Posted by punchjoe > 2018-10-09 18:36 | Report Abuse

Goh Kim Hock, spot on (y)

Posted by apple168 > 2018-10-09 18:38 | Report Abuse

When newbies start to learn, they must choose the right path. Wise mentor directs you to right path in investing in share market, hence giving you “enlightenment”. If you take the wrong path at the beginning, it will direct you to hell, hence “Rest In Peace”. Your choice determines your success in your investment. Good Luck.

Posted by J For Janice > 2018-10-09 18:38 | Report Abuse

The under table rebate already pay to former gov,now new gov want discount again,profit not much already

Posted by Victor Yong > 2018-10-09 18:38 | Report Abuse

Gamuda has the means to wait for retendering, etc :)

Posted by Victor Yong > 2018-10-09 18:42 | Report Abuse

Gamuda dah Ada buy call... Jangan takut... Gamuda had done MRT project in Taiwan also, very competitive, tak takut retendering, etc :)

KUALA LUMPUR (Oct 9): MIDF Amanah Investment Bank analyst Abdul Fadhli Zil Ikr Dzulkifly upgraded the recommendation on Gamuda Bhd to buy from neutral.

* Price target (PT) lowered to RM2.78 from RM3.15. Gamuda average PT is RM3.25.

* Gamuda had 7 buys, 13 holds, 4 sells previously: Bloomberg data

Posted by Victor Yong > 2018-10-09 18:44 | Report Abuse

Look at the targeted prices after excluding the remaining portion of the underground prpject. Tak Mati pun :)

09/10/2018 2.78 MIDF Price Target News
09/10/2018 2.71 AmInvest Price Target News
08/10/2018 3.00 PUBLIC BANK Price Target News
08/10/2018 3.25 KENANGA

Posted by ray1980 > 2018-10-09 18:45 | Report Abuse

I also disappointed with PH government doing.My friend n family members also same thinking.All Malaysian r feeling what we do on this election?Wrong or right?But I known our money was gone already.So sh*t × 1 trillion!!!

Posted by Maynot > 2018-10-09 18:45 | Report Abuse

https://www.themalaysianinsight.com/s/102222

Kahkah funny one. After gamuda almost limit down. Now giving the opprtunity to retender. Gamuda is one good roti canai to be flip flop

Posted by probability > 2018-10-09 18:47 | Report Abuse

If foreign company can do it with the same or even 'more expensive' resources, why not existing?

The whole drama should be about reducing the construction cost....its very unlikely to slip the hands of Gamuda.

Posted by feimah > 2018-10-09 18:48 | Report Abuse

@Goh Kim Hock
I'm not complaining about Gamuda price drop.
My concern is that why contract awarded still pressing to "renegotiate" or treaten for cancellation.
Contractor fund came from investor pocket bukan china money.
How long this will continue?
Outsider see new govt not honouring contact..