The previous facility was run by Cambodia Airports, 70% owned by Vinci Airports and 30% by a Malaysian-Cambodian joint venture. Vutha said a committee set up to sort out compensation awarded about $80 million for the early termination.
1) Proposed Construction and Completion of Lumut Maritime Terminal Expansion Project at Mukim Lumut, Manjung, Perak (Phase 2A – Construction of Onshore Infrastructure and Offshore Facilities inclusive Main Open Type Wharf). The total contract value is approximately RM161 million. 2) Provision of Engineering, Procurement, Construction and Commissioning + Installation (EPCC+I) of Light Weight Structure, Duyong Brownfield Modification and Host Tie-In for Gansar Project, around 190 kilometres from Terengganu shore for a total contract value approximately RM318 million
Although profit improved significantly, but most of it went to Non-controlling interests (20.865m), merely a small portion went to Owners of the Company (6.114m).
soon9913, example, you and your partner opened a co, you own 51%, yr partner 49%. So, you are the owner of the co, but when doing acct. 49% of the profit goes to yr friend , this is called non-controlling interest (or minority interest). Yr friend reported this as share of profit of associate.
for this Muhibbah, the profit attribution is not consistent Q by Q, i.e. in Q2, Non-controlling interests (0.312m), Owners of the Company (5.132m). It could be some of the subsidiaries attribute their earnings in half a year quantum (or yearly?), I'm not too sure.
I guess many ppl didn't notice, next QR got one off profit for Cambodia Airport concession compensation. 63mil USD if based on rate 4.6 = 290 mil, 50% market cap of the company
so your rm290mil is 50% of the market cap is not correct.. could be rm60million and less not yet deducted the cost captured in their book... gain could be not much
oil and gas good prospect and secured many contracts last year, crane and construction biz is good, airport biz also good. what to expect to the share price? buy and keep only
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....
ming
2,047 posts
Posted by ming > 2023-10-13 00:03 | Report Abuse
Jgn jahat~
This is not a news pun.. dah announced for months~