fatimah tak kerana gamuda orang umino!!! jangan sentuh! 16/10/2018 22:09 < Who said? Gamuda got Billion of Penang project from LGE. This meant LGE is also UMNO la
contract value almost double compare to 98m two years ago next year onward kps-hcm and smart pipe will upset many shareholders beside their manufacturing segment.
Langat 2 will cost RM8 bil to build, including: (i) Water treatment plant, (ii) Water tunnel transfer & (iii) Kelau dam (Pahang).
The project comprise 19 packages - Hulu Langat, Cheras, Sg. Besi, Bukit Jalil, Petaling, Bandar Kinrara, Bukit Dengkil, Ampang as well as Keramat AU3 (Selangor). Langat 2 plant is to be built in 2 phases, each capable of treating and distributing 1130 mld of water to demand centres. The treatment plant construction, O&M jobs would certainly benefit KPS and consortium, such as KPS-HCM, Aquo-flo, and perhaps KPS-Taliworks in O&M works. These huge contracts would be completed in 2022, with recurring incomes from O&M jobs on water treatment.
KPS is grossly undervalued, considering NTA of RM2.59 and a big pile of cash in company. They are in the best position to secure more water-related contracts. In most likelihood, the 2nd consortium comprising IJM/Gamuda/UEM/Asia Baru would be replaced by KPS consortium for the RM4.1 bil, second phase construction of L2 project. This is soon to happen, to compensate, reward and replace KPS "Loss" of water treatment income from selling Splash. A GOOD STOCK TO INVEST - INFRA UTILITY GIANT ON THE MAKING.
Pipe-line contracts and ALL contracts will go by open tender. Any favouritism and the MACC will come down very hard. There will be competitors. In the meantime, the RM250 million loss is hanging like a guillotine over KPS.
rogers123 is correct. NTA will reduce by about 50 sens after disposal of Splash due to the haircut. Hopefully the contributions from other business segments will moderate the share price.
the golden goose already been slaughtered. the other rest of the business is just unpredictable... sometime make and sometime loss. Better don't invest in this type of company. You won't able to sleep well.
Yeah Gamuda is probably history. It's only a matter of when MACC's dragnet will haul it up for possible links to MO1. Keep away from any company linked to MO1 and UMNO until the dust settles (if it settles).
Just see what happened to Datasonic. Will Fart2 want to venture into Datasonic now that it is limit-down?
As for KPS, the guillotine will come down once the RM250 million loss on sale of asset is recognised in whatever quarter it is recognised. New pipe-line contracts need to be in the order of at least RM1B to restore confidence!
I read the performance review in the financial information on kps website. Splash only contribute 40million last quarter. Manufacturing segment contribute much higher. Kps will not be a dead fish without splash.
kps start to generate 7.2m operating profit this quarter. don't look past year financial statement coz cpi,kingkoil manufacturing and kps-hcm only start to contribute this quarter. then interest expense(this quarter 9m)can be saved when cash received from splash sale.we must look beyond if we want to win big in bursa don't look backward.
i think the recent sell down is due to the impairment loss will be incur as a result of selling splash.although splash is a golden egg but this is only accounting profit(associate)and didn't contribute significent cash flow to kps.what i prefer(same like recent strategy of the management) is buying a full control of a company(at least subsidiary) or using money from splash to participate in selangor or even federal gov tender in the future!!!! kps is not a corrupted glc com(coz they start from opposition party)if their management is not good then us distributor(kingkoil manufactuirng) and china honda packaging com(cendbond)mira gas(oman partner) will not partner with kps . with the recent expansion plan especially in cendbond,cpi and kingkoil manufacturing i have a high hope with kps will become the glc star performer com in the future. let's wait and see.glc com usually like to get contract(monopoly one no competiter)but i like kps doing open competition business, fight with the world not become jaguh kampung (protected by somebody)then malaysia will only recognize by the world.
The two farts - one fart up to the skies and the other fart down to the jambans. The truth is the hard facts somewhere in between. Fart2 has more facts than Fart1 but Fart2 is too pessimistic!
The weakness in KPS (as in all GLCs), lies in its management. They have not much motivation to perform and fight for market share; tends to sit on their laurels and wait for state govt to give them business!
Gamuda got back underground project because it slashed RM3.6B off the remaining project cost. Likely that was the amount of kick-backs to you-know-who.
I disagree. What Tun and Daim knew about the kick-back quantum is irrelevant.
Those will skills and technology is 'king'.
If they have this, the Banks are willing and anxious to fund them, especially infra projects and especially if they have government contracts - the safest contracts of all.
That is why Gamuda 'bit the bullet' took a hair-cut and retain their underground infra contract. More than that, they retain their relationship with the Harapan govt, having put to rest the cry of "get Gamuda out"!
So Fart2 betted well. But Gamuda shares will remian depressed for a while due to MACC likely coming round to ferret out the MO1 moles; especially if the kickbacks prior to Harapan taking over, is linked to repaying 1MDB.
JJchan Gamuda got back MRT 2 bcoz it got 1 Billion Cash (from Splash---main Criteria) Don't have to ask LGE for soft loan-----This is the same( Federal projects for kps) i see Kps getting many projects next year 26/10/2018 15:50 <--- Previously not u said Gamuda will loss MRT2? U r damn azhold. U not even know wat wass happening inside. Only talked rubbish here. Dont Bs here. if u don know anything about the MRT2.
JJchan Zahid hit by 45 CBT charges( Umno is breaking Up )-----Same as Gamuda leading Umno Construction Co.,---is Breaking Up <-- Gamuda is Umno linked company, how can it get back the MRT2? So funny
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Posted by rogers123 > 2018-10-16 22:10 | Report Abuse
fatimah tak kerana gamuda orang umino!!! jangan sentuh!
16/10/2018 22:09 < Who said? Gamuda got Billion of Penang project from LGE. This meant LGE is also UMNO la