Posted by godhand > 2018-10-11 12:52 | Report Abuse

after re-nego and award to them again is ok, but the margin sure go to Holland, next few QRs sure die, that's why it will goes to PN17 after few QRs

its okay de. i already know this when i buy gamuda. thats the worst case scenario. im sure gamuda will help the new government get pass this hard time also. only if the government is in good hand, gamuda will be

Posted by Savigjitah > 2018-10-11 12:52 | Report Abuse

Terminate contract try to save 2b

Posted by Savigjitah > 2018-10-11 12:52 | Report Abuse

Re tender a half way will cost u a bomb

Posted by Savigjitah > 2018-10-11 12:52 | Report Abuse

China still dare to tender?

Posted by dalpinia > 2018-10-11 12:52 | Report Abuse

all those vss staff no worry, new main-con will hire you guys

Posted by dalpinia > 2018-10-11 12:52 | Report Abuse

we must stand together to safe the country

Posted by lextcs > 2018-10-11 12:52 | Report Abuse

I think the rumours is true...BN going to change new notes. give only 1-2 months to change and only myr20k each day after that worthless...now those keeping millions in rented condos shivering pissing in their pants....no wonder many people are visiting DRM these days

Posted by dalpinia > 2018-10-11 12:53 | Report Abuse

share up or down is nothing, we care more for our next generation

Posted by tksw > 2018-10-11 12:53 | Report Abuse

imagine the pain goes to you or your family... it is easy to talk, hard to endure, especially those collateral damage

Posted by tksw > 2018-10-11 12:55 | Report Abuse

dalpinia sifu,share up or down does matter.. U see China US, all got to take care of the share market...

Posted by dalpinia > 2018-10-11 12:55 | Report Abuse

no need china main-con, it must be potential local main-con which is smaller size company but wiht high integrity, then those are new stars

Posted by dalpinia > 2018-10-11 12:57 | Report Abuse

Gamuda can bid for the re-tender, as it is an open tender,if Gamuda can win thru a bersih tender then all rakyat is happy.

Posted by Savigjitah > 2018-10-11 12:57 | Report Abuse

Local main con except gamuda who do the job?

Posted by tksw > 2018-10-11 12:57 | Report Abuse

it's part and parcel of the financial structure, wat nothing....

Posted by dalpinia > 2018-10-11 12:57 | Report Abuse

as we don't waste our money for "dirty" tenders

Posted by dalpinia > 2018-10-11 12:58 | Report Abuse

savigjitah.....not necessary must be KLSE company can do.....non-listed company also can be born, this is what I called "new-star"

Posted by dalpinia > 2018-10-11 13:01 | Report Abuse

tksw....that's why new gov already given hint to us, it is a painful budget....don't play share for temporary if you guys worry....go to invest others.....

Posted by godhand > 2018-10-11 13:01 | Report Abuse

local company success = government success. very simple logic

Posted by dalpinia > 2018-10-11 13:01 | Report Abuse

80% of normal rakyat didn't play share

Posted by dalpinia > 2018-10-11 13:02 | Report Abuse

they are more concern about what is the price for daily rice, cooking oil, vege....etc

Posted by tksw > 2018-10-11 13:03 | Report Abuse

dalpina sifu, re-tender only feasible if the price it ridiculously high. and it tainted the image of the government who kenot honour a contract but force ppl to change the terms. it can cause damage, this one I agreed with KYY, who dare to sign the contract with such government. but things is different if the government can prove big corruption and other justifiable reasons to terminate the contract.

Posted by tksw > 2018-10-11 13:04 | Report Abuse

dalpinia sifu, no play share oso can affect one la...

Posted by dalpinia > 2018-10-11 13:04 | Report Abuse

small local companies can group up to firm an alternative choice to replace those big players

Posted by beso > 2018-10-11 13:05 | Report Abuse

management stated they r keen to renegotiate with mof but most likely the discount % won't be as expected by mof independent engineering consultant recommendation, the remaining underground work will finally call to retender.

Posted by dalpinia > 2018-10-11 13:05 | Report Abuse

not to say not play.....let the share market cool down for some period also good for all

Posted by tksw > 2018-10-11 13:06 | Report Abuse

ppl countries got problem, even do QE to rescue... but ppl are big they did that, everybody got to play a long.... small country like us....I just dunno

Posted by tksw > 2018-10-11 13:07 | Report Abuse

dalpinia sifu, family member set up business oso can quarrel

Posted by Victor Yong > 2018-10-11 13:07 | Report Abuse

:)

Najib reiterated points raised in his Facebook post from yesterday, which included how the Gamuda and MMC Corporation Bhd joint venture had won the bid for the MRT2 project fairly through a tender process in 2016 that involved four other international firms.

"Gamuda won (the bid) because they presented the plan at the cheapest price. There is no guarantee that the new contract will be cheaper through a new tender.

Posted by dalpinia > 2018-10-11 13:07 | Report Abuse

if PH cannot come out with a good plan to rescue the country....then next GE they going to answer to Rakyat!!!

Posted by lextcs > 2018-10-11 13:08 | Report Abuse

what JIBBY knows is spend spend spend till no tomolo....afterall not his money ma....who cares? Now he kena lah...show offs sure wont last one la...

Posted by dalpinia > 2018-10-11 13:09 | Report Abuse

Rakyat already ignore Jib Ko lor.....whatever he say now is useless, totally can be ignored

Posted by dalpinia > 2018-10-11 13:10 | Report Abuse

lextcs is correct

Posted by Savigjitah > 2018-10-11 13:11 | Report Abuse

We all know under jibby economy is good..dun blindly support ph.. najib know to create business..lge tak boleh lah

Posted by Sslee > 2018-10-11 13:13 | Report Abuse

Dear all,
I had personally negotiated some big and small project with engineering suppliers and the usual tactics is getting someone to play the bad guy and another one to play the good guy. The bad guy will squeeze and hang dry the negotiated price until the supplier cannot take it anymore and ready to open book and tell you he is only making this small profit just to sustain his business or ready to walk out of the negotiation. Only then the good guy will come in and offer a fair price to close the contract.
It is not hard to see that in this new Malaysia, PH government is ready to play some bad guy role in confronting the establishment big contractor and not afraid to counter their argument openly with fact and figure (in negotiation table and court of public opinion).
I think it will end well since both side had agreed to leave it to the wisdom of PM Tun Dr Mahathir (the good guy) to solve the impasse.

Thank you

Posted by dalpinia > 2018-10-11 13:14 | Report Abuse

savigjitah.....jibby only shown rakyat good figures.....actual figures has been disclosed after PH won the GE.....if without PH; all Rakyat will still enjoy the "fault figures" cheated to Rakyat.....Rakyat is smart now, we don't blindly support PH (pls don't mention again PH is under LGE, it is not correct). If PH cannot rescue our economy then next GE change them

Posted by Victor Yong > 2018-10-11 13:17 | Report Abuse

:)
The middle and wise road MMC-Gamuda must take note of
Rais Hussin | Published: Today 6:43 am | Modified: Today 11:24 am
Whether MMC-Gamuda knows it or not, it has taken on the Finance Ministry head-on by refusing to further reduce the cost of its MRT2 underground construction.
The word "head on" implies what Tony Pua had suggested in his open letter, which is the refusal to reduce cost; the suggestion that the Finance Ministry had made its decision in an arbitrary manner; and the unwillingness to share the (costing and other) data of its underground (tunnelling) projects; and subsequently subject itself to the recommendations of an independent engineering firm.
The maximalist approach of MMC Gamuda is dangerous in five ways, even if they have - for now - persuaded Prime Minister Dr Mahathir Mohamad to reconsider the decision.
First, Mahathir and the cabinet are both hell-bent on reducing the national debt of Malaysia; ideally from more than 82 percent of the gross domestic product (GDP) to around 37-35 percent. The latter is not cast in stone, as yet, but it was the gold standard set by Mahathir when he retired from his first stint as prime minister in October 2003.
The year 2003 marked the high-water point of a smooth transition, which allowed Abdullah Ahmad Badawi and subsequently, Najib Abdul Razak, to remain in office between 2004 and 2018 with relative ease, despite the huge financial cost to the Malaysian government.
So, it goes without saying that for the Mahathir-Anwar Ibrahim transition (which is a matter of national interest) to take place, the prime minister and his cabinet have to "scrimp and save".
MMC-Gamuda appears oblivious to the issue of national debt, which affects the livelihood of more than 32 million people, with several generations to come, when its directors and employees appeared to focus on the possibility of supposedly “20,000 job losses” of their workers, even though the above-ground projects have not been cancelled.
Secondly, MMC-Gamuda seems oddly out of character.
The company is a 50-50 joint venture between Syed Mokhtar Albukhary’s MMC and Gamuda, which was founded by Koon Yew Yin in the mid-1970s. Both founders have been generous philanthropists to this day,
These two Tan Sris have also made it to the top of the food chain in Malaysia, both before and after their forays into engineering projects, due to their willingness to listen to the Malaysian government where a smart partnership is concerned.
The Smart Tunnel in Kuala Lumpur, for example, which is a road that can double up as a flood mitigation facility where excess water can be channelled away from the over-paved environment of Kuala Lumpur, was mooted during Mahathir's first tenure.
If Gamuda was successful in getting both portions of the MRT2 project, both above the ground and in the tunnel since, it must have been due to its delivery of the Smart Tunnel, which was a Malaysian success as documented by the National Geographic Channel.
It is mind boggling why MMC-Gamuda directors, whose composition is not clear to the public as yet, would not want to emulate the founding principles and spirits of the two Tan Sris.
Giving in to further deductions of the MRT2 project is not an all-around collapse when such goodwill would often be taken in a kind manner, especially when the government is neck deep in national debt.
Have the directors of MMC-Gamuda become the proverbial tail to wag the dog?
In other words, have they gone against the best practices of the current and past owners? If so, the board of MMC-Gamuda has gone “quasi-rouge", one would assume.
If it is the latter, it is not a wise approach as neither Mahathir nor Anwar are the kind to want to spite the nose to humiliate a long time private-public partnership (PPP) entity.
Thirdly, if MMC-Gamuda cannot provide a further deduction of 23 percent, when the cost overrun has hit RM56 billion, despite an original tender of some RM 23 billion, then the math does not appear to be square.
The company has either lost its efficiency, causing the cost to balloon, or, its engineering division has lost its prowess since the completion of the smart tunnel.
Fourthly, MMC-Gamuda appears to have the tunnel boring technology, which the Malaysian government appreciates and approves of, so why not focus on taking a wise and moderate retreat instead of an all-out head-butt with the Finance Ministry?
After all, the geology and geography of Peninsular Malaysia, where Banjaran Titiwangsa separates the East Coast from the West Coast, offers plenty of prospects for MMC-Gamuda to work with the government, rather than against it.
If MMC-Gamuda can think in such broad terms, even the hilly and tough terrain of Sabah and Sarawak, are the future oysters of their growth targets and infrastructure projects, as and when there are new international tenders.

Posted by Victor Yong > 2018-10-11 13:18 | Report Abuse

Finally, MMC-Gamuda is a public listed company. As and when it launches into any social media campaign, such as urging the workers to sign the online petition, the directors of MMC Gamuda are skipping three processes:

They did not call for an "extraordinary general meeting" of all shareholders;

They did not explain to the shareholders why MMC Gamuda did not share the data with the independent engineering consulting firm; and

They did not take into consideration the option of adapting to the new economy, such as Grab did to become the feeder system to enhance mobility and ridership.
In other words, all “marriages” can fall apart, but most don't, especially if they know how to navigate through the hard rocks of tough decisions. In extraordinary times, there is a need for extraordinary courage, not just solutions.

Walking back is not a concession, just as Mahathir has on more than one occasion been willing to do, such as relinquishing his interest to helm the portfolio of the Education Ministry and (momentarily) suspending the accession to the Comprehensive Trans-Pacific Partnership Agreement (CPTPP).

Public listed companies with a strong record of doing well in the past do not have to get all high-strung and use social media to run rings around the Finance Ministry. This is especially when the coming 2019 Budget, set to be delivered in Parliament on Nov 6, is the first budget of Pakatan Harapan to "save Malaysia".

More importantly, MMC-Gamuda cannot fail to take notice that Najib has joined its media campaign too. By backing it not to back down.


If this is not guilt by association (with a former prime minister slapped with 35 charges of criminal breach of trust within five months since he relinquished office), then MMC-Gamuda’s corporate communication has failed to anticipate the danger of being used by Najib and Umno to make its come back.

More so at a time when all Malaysians, including MMC-Gamuda’s "20,000 employees" do understand the risks of kleptocracy, since many have vouched to work hard to make a better Malaysia based on their comments in social media.

The solution(s)? Use arbitration and corporate diplomacy, invariably, wisdom to achieve a win-win solution with the Prime Minister’s Office, the Finance Ministry and the cabinet, indeed the people of Malaysia. Cut costs. Don't cut ties in any administration that is strong on Private-Public Partnership (PPP) and smart partnership.

Posted by sman > 2018-10-11 13:19 | Report Abuse

Afternoon Hopefuuly Price Can Hit Rm 2.50

Posted by Alex™ > 2018-10-11 13:22 | Report Abuse

Huat until no eye see

Posted by trulyinvest > 2018-10-11 13:27 | Report Abuse

Any rebound is sell. Last chance

Posted by Victor Yong > 2018-10-11 13:27 | Report Abuse

@sman, possible.. price could fell more than 70sen during a day and it could be rebounded in similar way :)

10/10/2018 2.43 2.03 - 2.48 2.07 -0.31 (13.03%) 153,213,500
09/10/2018 2.45 2.36 - 2.50 2.38 -0.05 (2.06%) 65,757,900
08/10/2018 2.50 2.32 - 2.63 2.43 -0.78 (24.30%) 92,704,200

Posted by Victor Yong > 2018-10-11 13:28 | Report Abuse

From Oct 8 to 10, in 3 days, total decreases = RM1.14, if today, rebound 50sen, normal also :)

Posted by pang72 > 2018-10-11 13:29 | Report Abuse

The best stock 8n the world for today....gamuda..The only green in red bath

Posted by TraderSeeds > 2018-10-11 13:30 | Report Abuse

Waiting for Gamuda news :)

Posted by pang72 > 2018-10-11 13:35 | Report Abuse

Alex, why can go up?

Posted by rajachulan > 2018-10-11 13:35 | Report Abuse

ph will close door and lick gamuda ass +1

Posted by sman > 2018-10-11 13:37 | Report Abuse

Hopelly Good News Comes Up

Posted by Alex™ > 2018-10-11 13:37 | Report Abuse

Ah pang got... Same tactic hehe... Buy on confusion, sell on clarification. Now their open letter still firing each other

Posted by Alex™ > 2018-10-11 13:37 | Report Abuse

Only green... Defy logic...alez like hehe

Posted by Alex™ > 2018-10-11 13:37 | Report Abuse

Those want buy now careful ya.... Last buy call was yesterday 207