Posted by Victor Yong > 2018-10-11 13:38 | Report Abuse

All news pointed to happy ending eventually :)

KUALA LUMPUR: The Cabinet has set up a committee comprising four ministers to revisit the underground contract that was awarded to MMC-Gamuda for the Mass Rapid Transit 2 project.

According to a source, the four members of the committee are Minister of Finance Lim Guan Eng, Minister of Works Baru Bian, Minister of Transport Anthony Loke and Minister of Economic Affairs Azmin Ali.

This comes following a pledge by the contractor to adopt an "open book approach" if fresh negotiations are held.

"MMC Gamuda remains committed to further discussion with MOF and to cooperate with MOF in reaching an agreeable reduction of cost," it said in a statement issued late Wednesday.

image: https://content.thestar.com.my/smg/settag/name=lotame/tags=Int_Tech_Telco_Computer_Electronics_Gadgets,Int_Property,all,Int_Business_Finance_SME,Int_Tech_Telco,Int_Property_Affluent,Int_Business_Finance

Earlier on Wednesday, member of Parliament and MoF political secretary Tony Pua had written a scathing letter to MMC-Gamuda, suggesting that the contractor had waged a campaign to overturn the MoF's decision to cancel its contract for the underground works.

A source told StarBiz that as new negotiations take place, MMC-Gamuda will most likely agree to costs being reduced further, but it will not come down to the level the MoF is looking at.

According to Pua, prior to the MoF's decision to terminate the contract, MMC-Gamuda had agreed to a cost reduction of RM2.13bil to the contract value of RM16.71bil.

This fell short of the MoF's expectation of RM4.19bil to RM5.79bil in cost savings for the remaining 60% of works yet to be completed, as advised in a study done by an independent consulting engineer.

Shares in Gamuda rebounded on Thursday on hopes that the impasse may be resolved. At 11.30am, the counter was up 19 sen or 9.2% to RM2.26 per share on 59.5 million units done.

Posted by azta12 > 2018-10-11 13:39 | Report Abuse

before accepting, loggerhead first,,awaiting final cough by lge.

Posted by rogers123 > 2018-10-11 13:41 | Report Abuse

Wakakakaka. Earned big in Gamuda.

Posted by Victor Yong > 2018-10-11 13:42 | Report Abuse

later, everything is resolved... target price will be revised upward, buy jadi trading buy, semua hold jadi trading buy or buy :)



Based on takda baki underground projek

Date Open Price Target Price Upside/Downside Price Call Source
09/10/2018 2.45 2.78 +0.33 (13.47%) BUY MIDF
09/10/2018 2.45 2.71 +0.26 (10.61%) HOLD AmInvest
08/10/2018 2.50 3.00 +0.50 (20.00%) HOLD PUBLIC BANK
08/10/2018 2.50 3.25 +0.75 (30.00%) HOLD KENANGA

Posted by rogers123 > 2018-10-11 13:43 | Report Abuse

JJchan: Bec of ur words. I earned big in gamuda. Thanks alot for talking bad about gamuda. U talk bad i will buy. U promote i will sell.

Posted by EngineeringProfit > 2018-10-11 13:44 | Report Abuse

got below 2.10 ady

Posted by Victor Yong > 2018-10-11 13:47 | Report Abuse

expecting good news on or before tomorrow.. sebelum PD by-election date... matikan semua tuduhan pihak2 lawan PH terhadap isu ni :)

Posted by Alex™ > 2018-10-11 13:52 | Report Abuse

Good... Those earning... Watch TA closely.

Posted by 1519378884747574 > 2018-10-11 13:52 | Report Abuse

Three day drop from 3.33 to 2.00(lowest)= -1.33(-40%). Rebounded now. When ppl fear you buy in you big winner. Everyday is a yes day...those fail to make money from these few day pls take a big L to the forehead pls.

Posted by pang72 > 2018-10-11 13:55 | Report Abuse

Alex, OK...I watch only!

Posted by Alex™ > 2018-10-11 13:55 | Report Abuse

Prepare cut if u turn. Good luck

Posted by warchest > 2018-10-11 13:55 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/10/10/mmc-gamuda-pledges-open-book-approach/

Nobita trying to act smart but turn the whole deal upside down. Now, in trouble and need Doraemon to save him

Posted by sjwee3 > 2018-10-11 13:57 | Report Abuse

小人一朝得志，语无伦次。

Posted by birkincollector > 2018-10-11 13:58 | Report Abuse

Lol...PH style very Trump-like....changing every minute

Posted by limlim123 > 2018-10-11 14:02 | Report Abuse

don mix up the corruption and higher cost in the project. if PH government found out corruption, they should report police /MACC to go in investigate the involved person. if cost is found at higher, are they really checking what spec that MMC Gamuda is using? price, quality, spec are co-relative.
if PH is a good government, you dont need to keep reminding people that you are saving malaysia. bcuz killing or saving are just one line apart. every step taken today may be seen as good but it may be bad after years later.

Trump once claims that China stole American jobs bcuz many American prefers to set up factory in china. Many years back, American once see that it is great vision to move lower end manufacturing to 3rd world country whereas America only interested to own intelectual assets in its own country.

only time will tell if PH such decision is good considering PH only depending on one consultant to tell that the underground project is excessively overprice.

if after termination and re-tender to have cost higher than before. whats next? cut spec further/delay further/or abandon the project?

Posted by jiunn > 2018-10-11 14:06 | Report Abuse

次级承包商疾呼政府：三思!!!!

https://youtu.be/tRUfvGjoqpc

Posted by Andre Kua > 2018-10-11 14:07 | Report Abuse

Isn't it ironic that yesterday's crybabies are nowhere to be seen now that there's a glimmer of hope. Hahaha... please vote with your head next ge. You guys truly went through BN educations. You can't survive in PH era. Good luck in your future endeavours.

Posted by Sebastian Sted Power > 2018-10-11 14:08 | Report Abuse

finally all the idiots who shout TP RM1, 0.5cents,0.2cents all disappeared liao.. When talk need to make sense, dont talk rubbish and nonsense

Posted by sjwee3 > 2018-10-11 14:09 | Report Abuse

该砍就砍，商场无情，就算工程能挽回，也半生不死。

Posted by azta12 > 2018-10-11 14:10 | Report Abuse

congrats rogers123.

Posted by khatulistiwa1234 > 2018-10-11 14:14 | Report Abuse

Business is not do the stranger , do the familiar , i agreed the term , as well , business war is normal , like eat RICE , practice in day routine .

Posted by pengwin > 2018-10-11 14:17 | Report Abuse

Sell to me at RM 2....I all in at RM 2....prepared to hantam

Posted by EatCoconutCanWin > 2018-10-11 14:17 | Report Abuse

KYY goreng again

Posted by sjwee3 > 2018-10-11 14:20 | Report Abuse

博人民的好生之德，来饱囊私欲。

Posted by rajachulan > 2018-10-11 14:22 | Report Abuse

now need other 3 ministers to clean up the mess.

Posted by jiunn > 2018-10-11 14:26 | Report Abuse

FBMKLCI overly SOLD......good timing to SAPO

Posted by rajachulan > 2018-10-11 14:26 | Report Abuse

old horse busy travel here and there despite his age to borrow money to promote Malaysia... your people stay home kacau sini sana

Posted by rajachulan > 2018-10-11 14:27 | Report Abuse

wait for the budget 2019 baru sapu

Posted by Victor Yong > 2018-10-11 14:29 | Report Abuse

EPF loves gamuda so much , recent purchase... can buy more now :)

5398 GAMUDA GAMUDA BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD")
NRIC/Passport No./Company No. : EPF ACT 1991
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 19 Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur WilayahPersekutuan Malaysia

Descriptions (Class and Nominal Value):
Ordinary shares


Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com


Details of Changes

Date of Notice : 05/10/2018

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 04/10/2018 Acquired 140,000 -


Circumstances by reason of which change has occurred:
Acquisition of shares (Please refer to the detail of changes below)

Nature of Interest:
Direct Interest

Consideration:



No of Shares Held After Changes:
Direct : 271,051,905 shares (10.9800%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 271,051,905 shares

Remarks:
You are advised to read the entire contents of the announcement orattachment. To read the entire contents of the announcement or attachment,please access the Bursa website at http://www.bursamalaysia.com


Submitted By:



09/10/2018 07:00 AM

Posted by sjwee3 > 2018-10-11 14:30 | Report Abuse

妄顾国家困境，一味敲诈，拉杆杠投注大白象工程，毫无实际利益。反倒博同情，威胁政府买单。岂有此理?

Posted by TKP9966 > 2018-10-11 14:32 | Report Abuse

Huat lar...keep flying..

Posted by Cindybull > 2018-10-11 14:33 | Report Abuse

huat ar..

Posted by Cindybull > 2018-10-11 14:34 | Report Abuse

all the short seller will come out make story later as they are bleeding poor thing

Posted by Cindybull > 2018-10-11 14:35 | Report Abuse

3.00 Not a problem by the look at it

Posted by pengwin > 2018-10-11 14:37 | Report Abuse

Heavy selling pressure...careful....

Posted by yanngng > 2018-10-11 14:38 | Report Abuse

can buy?

Posted by Lukesharewalker > 2018-10-11 14:39 | Report Abuse

technical rebound. profit taking soon

Posted by sjwee3 > 2018-10-11 14:40 | Report Abuse

根本就不是商协，是威胁

Posted by limlim123 > 2018-10-11 14:43 | Report Abuse

EPF under Azmin Ali, right?
Tony/LGE head on Gamuda. EPF sapu Gamuda Shares.

Posted by limlim123 > 2018-10-11 14:44 | Report Abuse

buy buy buy

Posted by Victor Yong > 2018-10-11 14:45 | Report Abuse

nothing to do with technical analysis... now, the issue is fundamental analysis... get back the contract :)

Posted by Cindybull > 2018-10-11 14:48 | Report Abuse

haven't got contract already fly like this imagine after obtain? hahah...becareful of person who keep saying becareful

Posted by newrookie > 2018-10-11 14:49 | Report Abuse

GAMUDA want to play2 with Lim Guan Eng & God Father Tun M?? Now they know who is the Taiko & Tai Long??

Posted by Victor Yong > 2018-10-11 14:50 | Report Abuse

possible to exceed 2.5 by day-end looking at the momentum now, fingers crossed :)

Posted by Cindybull > 2018-10-11 14:50 | Report Abuse

the cost is never high is the smart ph think the cost is high..a bowl of noodle is cost rm3 means rm3 u wanna low ball to rm1 possible? Can the noodle cut by half and no fish ball inside just plain kosong lo..mighty as well don't do...ph really need to go back to scl to learn math and economics

Posted by Undilah_DAP > 2018-10-11 14:51 | Report Abuse

PH corrupt like BN/MCA also? Regret vote PH(DAP).

Posted by KAQ4468 > 2018-10-11 14:51 | Report Abuse

Waaaaaaaa

Posted by Undilah_DAP > 2018-10-11 14:51 | Report Abuse

RM 1 trillion debts pls cut. We hate barang naik bec SST or GST.

Posted by Victor Yong > 2018-10-11 14:51 | Report Abuse

without PH, no optimising cost, thank PH for that. :)

Posted by somersby > 2018-10-11 14:51 | Report Abuse

why suddenly up? play by shark? movie in the making?