IJM is no longer touchable! driver's seat! rerating will come when work is realised. IJM's, Scomies and probably Scomien's all combined worth already 6.6b! 150m to buy controlling stake will look like peanuts to a book order.
scomi might lose Chennai monorail job, based on this article, might go the Japanese...
The State government has decided to approach the Japan International Cooperation Agency (JICA) to fund one of the two corridors of the Chennai Mono Rail Project - Vandalur-Velachery, even as pre-qualification bids have been floated for the other corridor - Poonamallee to Kathipara.
As per a conservative estimate, the cost of the 23-km-long Vandalur-Velachery corridor will be around Rs. 4,000 crore. Those who are part of the project formulation say it may take a year for completing all the formalities with the JICA.
As for the Poonamallee-Kathipara corridor, it is for the project developer to raise funds.
For this, against the original two alignments, the authorities have made it into one, by including essential features of the now-abandoned Poonamallee-Vadapalani corridor.
Apart from Vadapalani, areas such as Valasaravakkam and Virugumbakkam will be covered. The estimated cost of the Poonamallee-Kathipara corridor has been reduced to Rs. 3,235 crore, against Rs. 8,000 crore earlier.
It is for the third time that the bidding process has been initiated for the Chennai Mono Rail Project, one of the flagship projects of the present government.
Between August and December 2011, the first round of the bidding process was conducted by inviting request for qualifications. Not satisfied with the limited number of participants, the authorities decided to start the process afresh. In the second round, a couple of prospective promoters were shortlisted, but eventually, these firms did not participate in the bidding process. About six months ago, the tender was allowed to lapse, says an official. This is why the authorities had to go in for the third round.
By July, the entire bidding process will be completed, according to the schedule drawn up by the authorities. As for the monorail’s Vandalur-Velachery corridor, the funding arrangement will based on that of the Chennai Metro Rail Project.
Scomi Energy Services Bhd (formerly known as Scomi Marine Bhd) (SESB) has clinched a RM195 million contract from PTTEP Siam Limited (PTTEPS) and PTTEP International Limited (PTTEPI), it was announced today
Again, I reiterate no worry, will touch at least 0.50 cents this year better than FD interest in bank more that 20% if you were to buy now. A lot of good news forth coming soon. Just hang tight tight.
Alexandersingapore/KCLoh hope you are still holding on to your share ...... as I said before give it 3 months to compare price with last year ......... the next month is crucial with talks of more projects ........ hope it will materialize but as Quek is allready jumping on the son, mother too will not be left far behind.
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Posted by lynncly > 2014-01-15 12:51 | Report Abuse
Hi tonylim... just cant let go them :) hold tight n be patient ! how about u ?