Posted by bullmarket1628 > 2022-09-29 17:21 | Report Abuse

Bandar Malaysia heads for revival
By GANESHWARAN KANA PROPERTY Thursday, 29 Sep 2022
https://www.thestar.com.my/business/business-news/2022/09/29/bandar-malaysia-heads-for-revival

PETALING JAYA: The soon-to-be-revived Bandar Malaysia project could be a shot in the arm for Malaysia, at a time when the economy is forecast to hit a soft patch.

The mega project, which was previously valued at RM140bil, is expected to, if revived, reinvigorate business activities and create new jobs, especially the high-skilled ones.

However, there are also concerns that the project would further strain the federal government’s finances, which is already stretched due to high subsidy bills inching towards RM80bil.

The recent statement by Prime Minister Datuk Seri Ismail Sabri Yaakob that the government is “fine-tuning” the Bandar Malaysia project plan has raised eyebrows, considering that it was previously announced that development projects under the 12th Malaysia Plan for 2022 will be reviewed for implementation.

In July, Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed had said that this is done to optimise government spending in financing some of the additional subsidy-related expenditures.

Despite concerns on fiscal position, Kenanga Research believes that there is a strong case for the government to embark on counter-cyclical fiscal pump-priming to shield the economy from external slowdown.

It forecasts a higher gross development expenditure of RM90bil in Budget 2023 as compared to 2022’s allocation of RM76bil, thanks to the absence of Covid-19-related funds in the previous Budget 2022 worth RM23bil.

Posted by bullmarket1628 > 2022-09-29 17:21 | Report Abuse

In a strategy note yesterday, it said the rollout of new public projects will come handy at a time when order books of most contractors are fast depleting.

“We gathered from the ground that a new wave of awards of public infrastructure projects is more likely to hit the market after the 15th General Election (GE15) rather than before.

“We believe investors should add positions in the sector ahead of the GE15,” the research house said.

Kenanga Research suggests that alternative funding models could be adopted for future mega projects.

“Given the fiscal constraints, mega projects could be implemented via public finance initiative or deferred payment models.

“We believe the (construction) sector has seen the worst and should be poised for improved earnings in the second half, given the gradual return of foreign workers and the recent easing in commodity prices,” it added.

Malaysia University of Science and Technology economics professor Geoffrey Williams also said the construction sector will “obviously benefit” from Bandar Malaysia and other major infrastructure investments.

The financial sector that will provide funding to these projects will also benefit, according to him.

However, Williams said the question of whether there will be new investments in Bandar Malaysia or just relocation of existing investment and businesses must be addressed.

“Will there be a better environment for foreign direct investments and attracting foreign talent in Bandar Malaysia or will it be as restricted as it is now?

“The policy support must also be there, not just the project and concessions to government-linked people,” he said.

Williams pointed out that the financial implications from the Bandar Malaysia project must be set out clearly, especially on any fiscal outlay along with expected impact measurement such as new investments, new jobs or new businesses.

“In the current environment, government development expenditure is tight and priorities lie elsewhere in healthcare, for example.

“Rather like other mega projects, if there is a clear commercial case, then why is there a need for government involvement other than in regulation?

“Private investment is needed urgently, so there must be scope for private involvement,” he added.

Williams also said that creating new construction projects, at a time when there is a lack of workers, will worsen the ongoing problem where many construction projects are unfinished or abandoned.

“This will take foreign workers from other sectors which are also suffering demand shortages.

“Agency fees and middlemen will take a lot of money out of this,” he said.

Meanwhile, economist Manokaran Mottain thinks that the government should focus on dealing with rising cost of living and bringing down the fiscal deficit level, rather than initiating mega projects like Bandar Malaysia.

“Even if the government wants to initiate new construction projects, it should go for smaller projects for small-scale contractors.

“Budget 2023 should have lower expenditure than Budget 2022,” he said.

However, Manokaran pointed out that projects like Bandar Malaysia can be undertaken under current circumstances, if the projects are privately funded.

“Otherwise, the project can be resumed once there is a continued strong growth in the economy,” he said.

Located at the site of the Royal Malaysian Air Force base in Jalan Sungai Besi, Bandar Malaysia was envisaged to be a mixed-use, transit-oriented development.

With a land area of 194.5 ha, it is the single-largest piece of development land in the heart of Kuala Lumpur.

The project, which was introduced in 2015, was once shelved by the government back in 2017 after it was abruptly terminated.

The Bandar Malaysia project was reinstated by the Pakatan Harapan government following a cabinet meeting in April 2019, after it was decided that the development would have a positive impact on the economy and would help attract foreign investments into the country.

Posted by bullmarket1628 > 2022-09-29 17:25 |

Post removed.Why?

Posted by Leon7357 > 2022-09-30 16:14 | Report Abuse

drop till i can't recognize my mama.. wtf...

Posted by theyoungman > 2022-10-01 23:42 | Report Abuse

Leon7357: ya, drop until pant also hilang. bullmarket1628 sai lang all $ into the bb already. hope ekv & iw going up soon, get back our pants

Posted by Jonathan Keung > 2022-10-06 10:25 | Report Abuse

Disappointed with Botak Lim .talk talk on RTS reverse takeover but nothing concrete materialized. talk talk billion project awarded. nothing move price still flat 33-35

Posted by milodrinker > 2022-10-13 10:51 |

Post removed.Why?

Posted by theyoungman > 2022-10-16 23:59 | Report Abuse

Jonathan... Botak talk² wayang only. Now eating retail hard earned $$ , all investors r bleeding....

Posted by 1pingpong > 2022-11-03 11:40 | Report Abuse

jatuh balik woiii...lol Ekovest game.

Posted by EVO118 > 2022-11-08 05:36 | Report Abuse

GE15: Barisan will ensure RTS, HSR projects are completed, says Jason Teoh.
https://www.thestar.com.my/news/nation/2022/11/07/ge15-barisan-will-ensure-rts-hsr-projects-are-completed-says-jason-teoh

Posted by aiaili > 2022-12-06 10:57 | Report Abuse

can't wait my SUMMER CHRISTMAS coming...

Posted by hng33 > 2022-12-10 15:44 | Report Abuse

Yesterday also bought Ekovest at 36sen

Posted by hng33 > 2022-12-10 15:45 | Report Abuse

https://mothership.sg/2022/12/msian-transport-minister-urge-investigate-hsr/

Posted by hng33 > 2022-12-10 15:47 | Report Abuse

HSR will revive and Bandar Malaysia will reinstate as HRS hub to connect Thailand-KL-Singapore. The extension will in line with current line build by China in Thailand

Posted by ks55 > 2022-12-10 15:52 | Report Abuse

HSR is good for JB-KL-Penang minus Singapore. Singaporeans love to piggy back and take advantage on Malaysian tax payers. Ask them to go fly kite.

Posted by hng33 > 2022-12-12 09:10 | Report Abuse

DUKE 3 on track for completion by Mar 2023

Posted by hng33 > 2022-12-12 12:25 | Report Abuse

Growth stock propel by upcoming DUKE 3 + RTS contract

Posted by EVO118 > 2022-12-12 18:41 | Report Abuse

Looks like it is time to get on before the HSR / Bandar Malaysia project starts to come back on the table for assessment by Anwar's team. By the time it looks like it is on, the price would have taken off.

Posted by hng33 > 2022-12-13 10:30 | Report Abuse

Use all balance capital, add more ekovest at 36sen

Posted by EVO118 > 2022-12-13 20:30 | Report Abuse

Time is right to revive HSR, says Johor exco member.
https://www.thestar.com.my/news/nation/2022/12/13/time-is-right-to-revive-hsr-says-johor-exco-member

Posted by Investor 999 > 2022-12-15 08:58 | Report Abuse

Unlimited fund from Mars...

Posted by EVO118 > 2022-12-16 15:47 | Report Abuse

Botak must be still overdose on DURIANS from his farm.

Posted by Shines > 2022-12-16 18:09 | Report Abuse

If HSR is revive, it might not go to Ekovest.

Posted by aiaili > 2022-12-25 10:34 | Report Abuse

Merry Christmas..

Posted by hng33 > 2023-01-06 10:41 | Report Abuse

added more ekovest at 34.5sen

Posted by theyoungman > 2023-01-07 19:19 | Report Abuse

hng33 show hand ah???

Posted by hng33 > 2023-01-10 14:54 | Report Abuse

Accumulating more ekovest at 35sen

Posted by theyoungman > 2023-01-10 21:41 | Report Abuse

hng33, hero leh. in btw iwcity and ekovest, u love ekovest ya?

Posted by hng33 > 2023-01-16 16:38 | Report Abuse

sold back at 37sen

Posted by theyoungman > 2023-01-16 21:16 | Report Abuse

wow. $$$$ hng33

Posted by Income > 2023-01-18 17:52 | Report Abuse

This one from JibKor administration until now still laggard???

Posted by theyoungman > 2023-01-18 22:56 | Report Abuse

miniminer, rich leh... u collected alot, must be.
Income, jibby teruk leh.... eat currry rice, free

Posted by EVO118 > 2023-01-25 08:45 | Report Abuse

No CNY Ang Pow here. it's going to take at least 1/2 year to show something.

Posted by theyoungman > 2023-01-25 12:34 | Report Abuse

10% also angpow. But mid long term better.

Posted by hng33 > 2023-01-26 11:58 | Report Abuse

bought back at 39sen

Posted by theyoungman > 2023-01-26 13:02 | Report Abuse

Hng, so daring oooo

Posted by EVO118 > 2023-01-27 15:30 | Report Abuse

It's useless. It will lock your investment here for at least the next 6 months. Wait till it start to rocket off before parking your money here.

Posted by hng33 > 2023-01-27 16:44 | Report Abuse

DUKE 1 and 2 will be listed to monetize after 7 year operation. SPE will be completed very soon these year

Posted by stncws > 2023-01-27 16:47 | Report Abuse

40c maximum

Posted by theyoungman > 2023-01-27 18:19 | Report Abuse

Better watch out while happy bullish... If got profit, take and wait.

Posted by newbie9893 > 2023-01-27 21:08 | Report Abuse

gap up open next monday

Posted by newbie9893 > 2023-01-30 08:42 | Report Abuse

watch out construction & property counters this morning....

Posted by TonsilBasher > 2023-01-30 08:55 | Report Abuse

its gonna to shoot up like my wood on virgra

Posted by Ron90 > 2023-01-30 22:53 | Report Abuse

construction play.. i expect up until budget 24 feb. Tourist from China bring in $$, umno stabilize, and so far..no burning issue.. everything looks good

Posted by EVO118 > 2023-02-02 19:31 | Report Abuse

HSR suit: Mahathir, Muhyiddin, 3 others ordered to file defence.
https://www.nst.com.my/news/crime-courts/2023/02/875850/hsr-suit-mahathir-muhyiddin-3-others-ordered-file-defence

Posted by hng33 > 2023-02-03 09:15 | Report Abuse

added more ekovest at 38.5sen

Posted by Ron90 > 2023-02-03 15:33 | Report Abuse

take this opportunity to reload, the next 2 weeks would be good..in anticipating the good 2023 budget.
mana2 warrant yang still cheap, grab it, esp those that would be expired long over 5 months ahead.

Posted by EVO118 > 2023-02-03 18:20 | Report Abuse

Vol a bit higher than normal.

Posted by ikatt3pi > 2023-02-03 18:41 | Report Abuse

This year seems like property and industrial trend. Hope bull market for 5 years

Posted by Ron90 > 2023-02-08 17:04 | Report Abuse

tomorrow up again