wah 500 mil public transport fund....scomi fly liao tmr
KUALA LUMPUR (May 2): The government today launched the RM500 million Public Transport Fund for public transportation operators to enhance existing infrastructure, especially for last mile connections.
Managed by Bank Pembangunan Malaysia Bhd (BPMB), the fund can also be used by the operators to improve their services for public convenience as well as to purchase more vehicles like taxis, buses, and other types of public transport.
Furthermore, the fund can also benefit suppliers, manufacturers or assemblers of public transport vehicles, and contractors or developers of public transport infrastructure.
"The government has given Bank Pembangunan the mandate to manage the Public Transport Fund in order to support its efforts to increase the utilisation of public transport by financing improvements and growth of the network coverage and services," BPMB chairman Datuk Zaiton Mohd Hassan said during the launch of the fund today.
Get in when the market is spooked. Malaysian markets are speculation-driven by armchair traders, which gives a great opportunity for real investors to collect the shares. If you want to get in on Scomi, get in within the next 2 weeks.
Restructuring should be almost completed with new investor on board, which is why today Scomi Group decided to allow the winding up of SRB as part of the restructuring plan. Things are looking up, it's a good time to buy.
If this ' 2 Big Project' reward to Scomi, the mother will 80 cents & above meanwhile son will go up to 40 cents but so far no rumours or news from Tun M or Anthony Loke.
One is an abandoned project between 2002-2003 & another one is since 2013. Hope these two will revival such as ECRL & Bandar Malaysia before Tun M step down next year.
The company is ok, Scomi just need political friendly major shareholders or bod .. That one will skyrocket this counter towards the moon !!. Penang got 3 monorail project,
KUALA LUMPUR (May 9): Malayan Banking Bhd (Maybank) has put Scomi Rail Bhd, an indirect wholly-owned unit of public-listed Scomi Group Bhd, under receivership.
Scomi Group announced to the stock exchange this evening that Maybank has today appointed Datuk Adam Primus Varghese Abdullah of Messrs Adamprimus as receiver and manager over the property of Scomi Rail. The net book value of Scomi Rail’s total assets amounted to RM506.98 million as at March 31, 2018.
However, Scomi Group, which has recently reached an agreement with Prasarana Malaysia Bhd to end the legal gridlock, stressed that Scomi Rail is not a major subsidiary.
According to the latest filing with Bursa Malaysia, Scomi Rail had on Feb 8 received a notice of demand dated Jan 25, 2019, from Maybank for RM201.9 million after the company failed to pay the amount due to the bank under a loan granted to it.
“The appointment will not have any significant financial and/or operational impact on the company for the financial year ending June 30, 2019. No material loss is expected to arise from the appointment based on present assessment,” said Scomi Group in the filing.
Yup. Technically Scomi rail property is managed by Maybank. Notice of demand finally solved. It’s time to up.........and maybank will not force Scomi to disposed scomies.
At last, settled and clear all the debts and bad news. Good steps to start with restructuring as per committed plans. Let go the non profitable subsidiary company. Find a good investors and increase the company revenue! Bravo!
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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....
Legend
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Posted by Legend > 2019-05-02 10:47 | Report Abuse
Every week kena trap..banyak susah jadi ikan bilis!