1st we have the near completion of our huge Petronas-Saudi Aramco Oil Refinery (RAPID in Pengerang, Johor) This will provide huge business potential and profits for companies like Pantech (specialty Steel Pipes and other parts for Oil & Gas industries) and T7Global Tanjung Offshore (for its O&G offshore expertise and services)
Now we are going to have 2 more multi billions Oil&Gas projects in Sabah and Johor (per reports below)
Sabah poised to be on world map with RM13 bil petrochemical plant plan Durie Rainer Fong - March 6, 2019 8:21 PM Burel is a partnership of Swiss, Saudi, Chinese and Malaysian interests. “Chemicals have become Sabah’s single largest industrial sector going forward,” he said. Brandtzag said according to a major study by the International Energy Agency (IEA), petrochemicals were becoming the largest driver of global oil demand, ahead of automobiles, planes and trucks. “Petrochemicals are set to account for more than a third of the growth in world oil demand by 2030, and nearly half the growth by 2050, contributing to the production of nearly seven million barrels of oil a day by then. “They are also poised to consume an additional 56 billion cubic metres of natural gas by 2030, and 83 billion cubic metres by 2050,” he said. Newsbreak: Li Ka-shing-backed venture to build STS hub in Johor
Kamarul Azhar / The Edge Malaysia
March 04, 2019 17:00 pm +08
A new ship-to-ship (STS) marine gas oil (MGO) and marine fuel oil (MFO) storage and supply hub will be built off the Port of Tanjung Pelepas in southern Johor, say sources familiar with the matter. It is touted to be the largest in the world. The construction cost of the hub — to be developed by little-known KA Petra Sdn Bhd, partnering Hong Kong tycoon Li Ka-shing’s Hutchison Port Holdings Ltd — is estimated at RM500 million, a Hutchison Port official tells The Edge. Hutchison Port will have an up to 30% stake in the completed STS hub, the official adds. The project will have a gross development value of RM8 billion to RM12 billion.
[T7GLOBAL] Notice of Person Ceasing Substantial Shareholders - TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN on 28-Jun-2018 Stock [T7GLOBAL]: T7 GLOBAL BHD Announcement Date 28-Jun-2018 Substantial Shareholder's Particular: Name TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN Details of Changes: Currency - Date of Change Type Number of Shares 25-Jun-2018 Disposed 3,680,000 Nature of Interest Direct Interest Shares Ordinary shares Reason Cessation as a substantial shareholder following the disposal of 3,680,000 shares in the open market https://klse.i3investor.com/insider/substantialShareholderNoticeOfCeasing/7228/28-Jun-2018/11831_385390436.jsp
Seems that DrM has to agree with the ECRL contracts. Msia cant afford to compensate on such a huge debt. Hope this will bring good news to this counter..
The recent speech few hours ago looks like ECRL akin to a cat on the wall. It may go both ways, we may not know. There is absolute to revenue from ECRL where Govt would be burdened to pay back for 40 to 50 years.
PETALING JAYA: Prime Minister Tun Dr Mahathir Mohamad says the government would give the East Coast Rail Link project the green light if China contractors agree to significantly reduce the price.
"If it must go on, the price must be affordable by us.
But on the other hand, if we build a railway line that is going to cost us a lot of money and give us no return, we just cannot afford to do that," he said.
Speaking to the foreign media during his trip in Manila, where he is meeting Philippine President Rodrigo Duterte, Dr Mahathir said the government does not have the money, and it cannot borrow large sums of money to build something which is not only would have no ROI (Return Of Investment), but “would take the country 40 to 50 years to repay the loans.”
"So, we want to avoid incurring debts; borrowing too much from the country.
"We have to look into the needs - do we need this railway line or not? We have had the west coast service by rail for more than 100 years. But, still it is not profitable.
"And the west coast is where all the businesss (and) all the people are," he said this in an interview, which is recorded by South China Morning Post.
Last year, Dr Mahathir was reported saying that the ECRL project needed to be cancelled because it was unnecessary and too expensive.
However, earlier this year, Dr Mahathir announced that plans to possibly revive the project with discussions, which have been led by Tun Daim Zainuddin, with the aim of reaching a smaller project size and cost.
Dr Mahathir also pointed out that the Chinese contractors do not want to stop the project, as it is good for their business.
When pressed by reporters on a price point at which Malaysia will say 'Yes' to the ECRL, Dr Mahathir merely replied, "Yes, yes there is, but I cannot reveal to you."
He also noted that the government is in the midst of negotiating the deal with them, pointing out that to cancel the project would cost the country a hefty price.
"We know that you can't terminate unilaterally a contract. You would have to pay compensation, and the compensations can be very big," he added.
The RM81bil ECRL project was approved by the Cabinet under former prime minister Datuk Seri Najib Tun Razak in October 2016.
The construction was to be handled by China Communication Constructions Company Ltd (CCCC), while the financing was to be provided by Export-Import Bank of China (Exim Bank of China).
Malaysia would be able to secure part of the loan from Exim Bank of China, on the condition that CCCC builds the railway.
The 688km rail link, if built, will connect Port Klang in Selangor with Pengkalan Kubor in Kelantan, and will be constructed in two phases.
Ask Calvin. You didn’t read all he wrote all this while. I have memories all. Day in day out so much about 3 storey buildings near station and appreciation of farm land etc etc. You don’t know meh?
This ECRL is like Bandar Malaysia story.Little while IWcity will shoot up and then Malton will go up. Iwc will go down then Ekovest will go up. Then Wanda Dalian not good term with China govt, then Botak Lim don’t like Ajib. Then all counter die and I also die. Ha ha ga
Ministry hopes to seal revised ECRL deal by April The final decision on the East Coast Rail Link (ECRL) will likely be finalised in April, following possible further cost reduction by the Chinese government, Finance Minister Lim Guan Eng said. “I think the prime minister (Tun Dr Mahathir Mohamad) had mentioned some price reduction and we are still discussing and hope these discussions can be carried out quickly, hopefully in time for Tun Mahathir’s visit to China in April,” he said after launching the Industry Digitalisation Transformation Fund recently. The ECRL, launched by former prime minister Datuk Seri Najib Razak, comes with a hefty price tag of RM55 bil. The agreement for the passenger and cargo railway line stretching 688km was signed in October 2017 and set for completion in 2024. The ECRL is being reviewed by the government with negotiations ongoing between Malaysia and China. However, following discussions with the contractor, Mahathir said the project could still be carried out at a cost of RM35 bil. So far, the government has paid RM200 mil in interest, based on the RM55 bil loan taken from China Communications Construction Company, which is the main contractor of the ECRL. “This money should be used to help the people but was used to pay debts left behind,” Mahathir was quoted as saying at a media conference after opening National Landscape Day at the Botanical Garden in Putrajaya recently. FocusM
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....
Veron_teo
1,492 posts
Posted by Veron_teo > 2019-03-07 19:26 | Report Abuse
lol. u all better sell t7 immediately.. tomorrow gonna go 0.5