you never this might be what kok on expected as he sold his share earlier. sell high buy low later. So kok onn also enjoying the down turn of the price so that he can collect cheap.
31/8/16 Q1 results, Net Current Assets is RM647m vs Market Cap of RM614m (95 sen), looks ok to accumulate a bit. Out of the total Net Current Assets, about RM284m is cash.
Sos finance sifu, the development cost is future income base. Capital 21 profit still got a lot not in yet. this next year at least book in the Capital mall. then there are 2 blocks of hotel, soho suite this suite that suite... busy enuf
tksw, the development costs is principally comprise of freehold lands, basically is purchase of Semenyih land (RM98.7m) and Cyberjaya Land JV (RM141m) - as stated in Note 16 and Note 30 of the Annual Reports. Nothing got to do with Capital 21 development cost.
Yes, I am aware that the Retail Podium (Shopping Complex) is about RM1.3b and remaining RM500-600m is soho & hotel. Retail Podium's share of PBT is about RM220m, and only about RM38m recognised. It is all CASH for Gadang based on progress billing. Padang don't need to come up with a single sen of development cost. Is a very good cash generator.
Kwasa Land, until we can see the details, a conservative assumption is about GDV RM700m. Will come in much later FYE2018/9. Laman View (Cyberjaya), The Vyne (Salak South), Sena, & Kwasa Land will keep them very busy even without new construction contracts on infrastructure. Not sure they are developing another piece in Mukim Setapak and another one more near Tampoi.
The only catalyst that can save Gadang right now is an announcement of MRT2 contract. But no need to rush to buy yet. Gadang's property arm in terms of new sales is doing badly. More bad news to come. I know some analyst keep mentioning about SOP is undervalued blah blah blah. But remember, valuation is subjective. Profit drives price actions.
Kimlun Corp bags RM52.8m MRT contract from MMC Gamuda By Wong Ee Lin / theedgemarkets.com | November 29, 2016 : 8:11 PM MYT Printer-friendly versionSend by emailPDF version Translated by Google Translator: Select Language▼ KUALA LUMPUR (Nov 29): Kimlun Corp Bhd has bagged a contract worth RM52.8 million to supply and deliver precast concrete tunnel segment linings to the Mass Rapid Transit Line 2 (MRT2) project.
The company said in a filling to Bursa Malaysia today that the contract was awarded to its wholly-owned subsidiary SPC industries Sdn Bhd by MMC Gamuda KVMRT Sdn Bhd.
MMC Gamuda KVMRT is a joint venture company between engineering construction giants MMC Corporation Bhd and Gamuda Bhd.
The estimated completion date is Sept 30, 2019.
"The company does not foresee any exceptional risk other than operational risks associated with the supply contract," said Kimlun.
Kimlun shares fell 8 sen or 3.74% to close at RM2.06 today, with a market capitalisation of RM639.16 million.
Back in 2015 AGM, management had promised that they will deliver record profits for 2016 and they did stand by their words. Then, in 2016 AGM, management has promised that 2017's profit will not be worst off than 2016. For me, I would place my trust with Kok Onn. Even with the poor share price (at RM0.95), I am still making a fair profit.
KUALA LUMPUR: TRC Synergy Bhd said its late announcement to Bursa Malaysia on the loss of a RM74.4mil contract from Mass Rapid Transit Corp Sdn Bhd (MRT Corp) was due to a misunderstanding by its management on the termination.
This was because the reason for the termination was not due to default in contract by its unit Trans Resources Corp Sdn Bhd but rather due to a prerogative right of MRT Corp as stipulated in the contract, it said.
Furthermore, under the contract secured in March, TRC would also be entitled to compensation due to the termination, the company said in a filing with Bursa Malaysia.
TRC received the notice of termination from MRT Corp’s project delivery partner, MMC Gamuda KVMRT (PDP SSP) Sdn Bhd, on May 20. However, the announcement to the bourse was filed only on Monday.
“The management of the company was also of the opinion that the contract value of the project amounting to RM74mil is not too significant against the company’s group total contract book order of RM2.6bil. Therefore, the termination would not have a material impact on the earnings per share and net asset value of the company,” TRC said.
The company’s board of directors, in its meeting on Monday, however agreed to announce on the termination after due deliberation and consideration.
TRC reiterated that the termination was made pursuant to Clause 62 of the condition of contract by the owner, MRT Corp.
“Clause 62 talks about the termination of contract on national interest whereby the Government may terminate the contract by giving not less than 30 days written notice to the contractor without any obligation to give any reason thereof if the Government considers that such termination is necessary for national interest, national policy or national security,” it explained.
“For the purpose of the above provision, what constitutes national interest, national policy and national security shall be solely made and determined by the Government and such determination shall be final and conclusive and shall not be open to any challenge whatsoever.”
TRC has initiated a series of negotiations and discussions with MRT Corp’s project delivery partner (PDP) to ascertain the quantum of damages and cost incurred and other consequences to the termination.
“Due diligence exercise had also been undertaken by the owner’s PDP in relation thereto pursuant to the contract documents,” it added.
TRC Synergy shares shed 2 sen to close at 39.5 sen on Tuesday with 949,000 shares changing hands.
Why TRC kena terminate contract? No money to carry on? Gadang got. TRC tender too low the price just to get the contract? Gadang dun do. Eventually those submit low tender company will close shop, but not Gadang
why are you so uneasy? why are you have no faith in what you believe? I have seen gadang moving up to 2.00 then falling nonstop to 1.1,now 0.95 equivalent to 2.37 plus free warrant before ex. but so far Gadang never fail me, the best performer and the main profit contributor each year to my investment portfolio. I don't see any reason to sell now , I also don't see any reason why I dare not buy more now . I do not when to sell my gadang , I only strong believe and I am confident Gadang will still remain as a major profit contributor to my portfolio next year.
today gadang may drop 20 sen , who will know tomorrow it may go up 50 sen. so what's the problem? why should you dance with the price up and down everyday why not leave everything to KOK ONN to manage for you any worry let KOK ONN worries. what to do? Let KOK ONN do it you just sit tight and see how he performs to help you become richer and richer OK ? relax my good brothers and sisters .
tell yourself KOK ONN has more shares than you, if Gadang does not perform well he will lose more than you . if Gdang does not perform well, you can cabut anytime but he can not or difficult to do so
why should I sell if I do not know what better company to buy? why should I sell if I do not need the profit to live well ? why should I sell if I bought other company that I do not know well and can not sleep well ?
And please dont attacked or cursing people here. What if i say with your mentality you will lose all your money and eventually died of heart attack? Think about it. Thanks.
If you read what SJSOON sifu wrote, Capital 21 has money to pay Gadang:
"Just nice, Kok Onn passed by. He said in Cantonese that there was no problem with the project. He added that everything was progressing well as planned and the shopping mall is going to be open in 2017. In last two quarters in FY 2016, Gadang already bagged a few millions. We questioned that there was a fella called Calvin Tan who kept criticising Capital City was a Great White Elephant. He asked us not to bother and there was no need for Gadang to clarify because a listed company shall not waste its energy and resources to cope with misrepresentation and misleading accusation of this kind. He said, BE PATIENT. "
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....
stockistlearner
903 posts
Posted by stockistlearner > 2016-11-29 14:55 | Report Abuse
you never this might be what kok on expected as he sold his share earlier. sell high buy low later. So kok onn also enjoying the down turn of the price so that he can collect cheap.