Posted by rlch > 2014-12-21 09:49 | Report Abuse

Salcon has lot of cash to carry out share buy back but report loss last 2 quarters. Can somebody explain why loss?
http://klse.i3investor.com/servlets/stk/fin/8567.jsp

Posted by rlch > 2014-12-21 09:52 | Report Abuse

Not only loss but revenue drop to RM21 million from RM74 million a year ago.

Posted by tham hoe yean > 2014-12-22 10:07 | Report Abuse

Salcon sold all their water projects in China. Revenue sure drop.

Posted by almufathal > 2014-12-22 14:15 | Report Abuse

http://www.theedgemarkets.com/my/article/salcon-loh-loh-jv-gets-rm470m-mmc-sewage-treatment-contract

Posted by stteck > 2014-12-22 15:04 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1832737

Salcon Berhad ("Salcon" or "the Company") is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company together with Loh & Loh Constructions Sdn Bhd ("Loh & Loh") (Salcon and Loh & Loh are hereinafter referred to as "Sub Contractor"), had received the Letter of Acceptance dated 15 December 2014 issued by MMC Corporation Berhad for the following sub-contract works in relation to the project known as "Cadangan Pembinaan Langat Centralised Sewage Treatment Plant dan Penyambungan Rangkaian Paip Pembetungan di Kawasan Tadahan Lembangan Sungai Langat Secara Reka dan Bina":

Project Duration Contract Sum Date of Acceptance

Centralised Sewage Treatment Plant Sub-Contract, based on Design and Build Contract basis comprising Detailed Design, Process Design, Procurement, Construction, Testing, Commissioning of Civil, Structural, Mechanical, Electrical, Core System, Architectural, Landscape Architectural, Environmental Management Plan, Environmental Audit, Public Amenities, Green Technology, Training and Transfer of Technologies and Operation and Maintenance of the Centralised Sewage Treatment Plant inclusive of Operation and Maintenance and spare parts.

(hereinafter referred as "the Project")


70 months, commencing from 22 December 2014 until the satisfactory completion on 19 October 2020.
RM470,000,000.00 22 December 2014

A company with the name "Salcon Loh & Loh JV Sdn Bhd" will be incorporated by Salcon and Loh & Loh to undertake the Project on a 50:50 basis.

The Project is a contruction contract and has no option for renewal.

The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending 31 December 2015 to 31 December 2020.

Salcon does not foresee any exceptional risks other than execution risks associated with the Project.

The Project will not have any effect on the share capital and substantial shareholders' shareholding of the Company.

None of the directors and/or major shareholders of the Company, or persons connected with them have any interest, direct or indirect, in the Project.

Posted by stteck > 2014-12-22 15:06 | Report Abuse

KUALA LUMPUR (Dec 22): MMC Corp Bhd ( Financial Dashboard) has awarded a RM470 million sewage treatment contract to a proposed consortium comprising Salcon Bhd ( Financial Dashboard) and Loh & Loh Constructions Sdn Bhd.

Salcon told the exchange today the contract involved construction and maintenance of the facility within the Sungai Langat area in Selangor.

According to Salcon, a company with the name Salcon Loh & Loh JV Sdn Bhd will be set up to undertake the project on a 50:50 basis.

Salcon said the 70-month project starts today (Dec 22) and is due for completion on October 19, 2020.

"The project is a construction contract and has no option for renewal. The project is expected to contribute positively towards the earnings and net assets of Salcon group for the financial years ending 31 December 2015 to 31 December 2020," Salcon said.

Today, Salcon shares fell one sen or 1.6% at 12.30pm to settle at 62.5 sen for a market capitalisation of RM418 million.

MMC rose two sen or 0.9% to RM2.33 for a market value of RM7.1 billion.

Salcon shares had fallen 5% this year compared to the FBM KLCI's 7% decline, while MMC shares had dropped 19%.

Posted by Jim Sted Power > 2014-12-23 10:33 | Report Abuse

big project also no use. share price stuck!

Posted by tham hoe yean > 2014-12-23 13:29 | Report Abuse

collect now.

Posted by jacklintan > 2014-12-29 10:54 | Report Abuse

price still same

Posted by tham hoe yean > 2014-12-30 10:19 | Report Abuse

Water always a problem in our country, now too much in most state and few months later when dry season comes, water shortage again. Base on this I hold strong to this counter.

Posted by jacklintan > 2014-12-30 14:17 | Report Abuse

tham, thanks for sharing your opinion. Me too. But, this counter is in holding mode for quite sometime.

Posted by jacklintan > 2014-12-30 14:18 | Report Abuse

Now,the flood issue have put a stop to escalate the Salcon contract. Any news from you so far?

Posted by cfoong > 2014-12-31 14:41 | Report Abuse

Jewel in 2015!... Happy new year to all.

Posted by jacklintan > 2014-12-31 19:36 | Report Abuse

RMK13 PROJECT FR FLOOD. CHECK IT OUT.

Posted by Joel > 2015-01-01 22:36 | Report Abuse

Not RMK13, IS RMK11.

Posted by jacklintan > 2015-01-01 23:21 | Report Abuse

ya..typo

Posted by sephiroth > 2015-01-07 15:40 | Report Abuse

makan 0.58

As at 30/9/2014

Borrowings RM33.04m or 4.89 sen per share
Cash RM348.785m or 51.65 sen per share
Net cash RM315.745m or 46.76 sen per share vs share price 58 sen
so market only priced salcon biz at 12 sen????

Posted by kingofong > 2015-01-07 15:41 | Report Abuse

but keep dropping

Posted by sephiroth > 2015-01-07 15:51 | Report Abuse

ocbc holding shares in ringgit sudah takut mah

Posted by Tornado > 2015-01-07 17:26 | Report Abuse

good point..... am thinking of buying too

Posted by Jim Sted Power > 2015-01-10 16:33 | Report Abuse

the share keep droping
company keep buying back

Posted by Superb99 > 2015-01-12 10:32 | Report Abuse

I am new here, can anyone explain why it made loss for the last 2 quarters?

Posted by tham hoe yean > 2015-01-12 12:28 | Report Abuse

Salcon sold off all their water plant in china, thats why you will see loses compare to previous quarters.

Posted by cfoong > 2015-01-12 13:40 | Report Abuse

Has the diversion of the China Water Asset fully done? I thought the Bursa annoucement mentioned it is extended until February 15??

Posted by Wow123 > 2015-01-12 14:16 | Report Abuse

every 3 month extended but no end lio lor ?

Posted by jacklintan > 2015-01-13 11:27 | Report Abuse

this company is rich in cash. stay foot

Posted by Jim Sted Power > 2015-01-13 15:19 | Report Abuse

OCBC and Great Eastern keep disposing the share.

Big shark run liao? Ikan bilis enter sure habis!

Just wonder SALCON got enough money to buy back all the share from OCBC and Great Eastern?

Posted by Superb99 > 2015-01-14 15:30 | Report Abuse

would it gain again in the next quarter? any idea? even though it is cash rich but prospect of the company is also very important...

Posted by jacklintan > 2015-01-15 02:45 | Report Abuse

This counter you need to hold abit. Singapore cannot hold long because of the weakening of RM. With the award of 470m project coming in, tape water will expected to contribute to their earning. Good price to buy Salcon if you can. This Singapore company is very smart one. They seldom fail in selecting the company to invest. my 2 cts

Posted by sephiroth > 2015-01-15 16:53 | Report Abuse

noted ocbc keep q sell tonnes everyday n salcon keep buying back 15 min b4 closing

Posted by Taka > 2015-01-17 22:32 | Report Abuse

http://www.theedgemarkets.com/my/article/salcon-bina-puri-bets-kampung-attap-pnbs-rm5b-tower-takes-centre-stage

Posted by truthseeker1 > 2015-01-17 22:38 | Report Abuse

A lot of cash but losing money company. No wonder OCBC selling.

Posted by Taka > 2015-01-19 10:14 | Report Abuse

Rebounding !!!

Posted by Jim Sted Power > 2015-01-19 10:15 | Report Abuse

today volume quite high. Wonder who play the show? Salcon beli sendiri or OCBC jual

Posted by Taka > 2015-01-19 10:18 | Report Abuse

KUALA LUMPUR (Jan 17): Salcon Bhd ( Financial Dashboard) and Bina Puri Holdings Bhd ( Financial Dashboard) are among early movers capitalising on the transformation of the Kampung Attap enclave, where real estate values are seen gaining on the planned RM5 billion Menara Warisan Merdeka (KL118) nearby.

The Edge Malaysia business and investment weekly (Edge Weekly) reported in its latest January 19-25 issue developers planned to build mixed properties in Kampung Attap, which is located along Jalan Belfield, Jalan Hose and Jalan Talalla here.

This is because the emergence of the 118-storey KL118 is seen replicating the success story of the Kuala Lumpur City Centre (KLCC), where the iconic Petronas Twin Towers are located.

"Sleepy Kampung Attap is expected to be nudged out of its slumber as property developments in the area begin to boom, driven by the upcoming Menara Warisan Merdeka or KL118 nearby, which will be Malaysia’s tallest tower.

"Experts say this building will one day be akin to the Petronas Twin Towers and emerge as a catalyst for its surrounding areas," Edge Weekly said. State-owned fund manager Permodalan Nasional Bhd (PNB) is the owner of the KL118 project.

Salcon (fundamental score: 2.1; valuation score: 3) executive director Datuk Eddy Leong was quoted as saying KL118 and the planned infrastructure/ transport upgrade near Kampung Attap represented the “new epicentre of growth in KL”.

Leong said Salcon intended to build offices, retail units and serviced apartments in Kampung Attap.

“Menara Warisan Merdeka will be another iconic development, not only for Kuala Lumpur but also for Malaysia. We expect it to have the same effect (that) KLCC has on the surrounding properties,” Leong said.

Bina Puri (fundamental score: 0.15; valuation score: 1.8) is capitalising on cheaper land in the Kampung Attap area versus those in the KLCC enclave.

Bina Puri group executive director Matthew Tee Kai Woon said cheaper land in Kampung Attap could translate into property value upside for buyers later.

For a better understanding on the Kampung Attap transformation and other developers involved, kindly pick up and read the latest issue of the Edge Weekly.

Posted by sephiroth > 2015-01-19 10:19 | Report Abuse

the edge weekly reported salcon(fundamental 2.1/3, valuation 3/3) have a property project at kg attap which is near Warisan Merdeka KL118

Posted by cfoong > 2015-01-20 08:36 | Report Abuse

I would be more interested wht the Langat 2 project has been kicked off... It will provide a strong set of incomes for the coming 2 years..but it has yet to reflect into his recent qtr results... Foresee its income will be much more vibrant in the coming 2016...with most of this properties projects starts bearing food...

Posted by Jim Sted Power > 2015-01-22 18:25 | Report Abuse

walao.. everyday OCBC and GreatE disposed million shares

Posted by Tornado > 2015-01-23 01:54 | Report Abuse

GreatE lost both in term of stock price and exchange rate....
My goodness .. there goes my non-guaranteed bonus for the life assurances that I bought with great eastern life......
Not too sure if they know what they are doing man........

Posted by sheep > 2015-01-23 02:03 | Report Abuse

Sal - CON. CON company

Posted by bsngpg > 2015-01-23 07:09 | Report Abuse

I was willingly conned at 0.60.

Posted by Jim Sted Power > 2015-01-23 10:07 | Report Abuse

I think this company still got potential

Posted by Taka > 2015-01-23 10:10 | Report Abuse

WTF, OCBC still selling ???

Posted by Jim Sted Power > 2015-01-23 15:52 | Report Abuse

today volume quite high

Guessing OCBC and GE keep disposing; while the company keep buying back

but this company ok to invest, quite cheap for it's profit earned

Posted by Jim Sted Power > 2015-01-26 09:28 | Report Abuse

Still very strong after OCBC and Great disposed!

Good!

Posted by sephiroth > 2015-01-26 18:38 | Report Abuse

Ocbc disposal well absorbed by the market without share buyback, now no longer substantial shareholder, balance 32 m shares

Posted by Wow123 > 2015-01-26 20:30 | Report Abuse

Why kia sue lari kuat kuat ?

Posted by Jim Sted Power > 2015-01-26 20:37 | Report Abuse

absorbed by the market is a good sign

Posted by Jim Sted Power > 2015-01-27 14:56 | Report Abuse

hello! finally broke 65cents!

Posted by Jim Sted Power > 2015-01-27 14:57 | Report Abuse

seem like some big shark start collecting