IDSS probably contributed to the falling price. I think speculators dump the shares hoping to buy low. Personally, I feel those 280 companies under idss will suffer in the hands of speculators. Malaysia is not ready for this.
We reiterate our “buy” recommendation with a TP of RM2.30. Our assessment of the sector has shifted from “positive” to “neutral” following the shift in government’s policy to review big-ticket projects. We surmised that construction stocks will be affected by negative sentiments pending announcements of project status. — MIDF Research, May 15
Most construction counter in oversold region. Wait for clear statement regarding mega project. In annual report this counter related in LRT3 and it clearly stated it is biggest ongoing project they got
KUALA LUMPUR (May 24): The Council of Eminent Persons (CEP) has given assurance that Bumiputera contractors will continue to be assisted under the new government, said Malaysian Malay Contractors Association president Datuk Mokhtar Samad.
He was among those summoned by the Council to identify improvements that could be taken to assist the Bumiputera contractors.
“The CEP, chaired by Tun Daim Zainuddin, has guaranteed that the new government will help Bumiputera contractors using better ways than what was done before.
China envoy says no changes in ECRL so far KUALA LUMPUR (May 26_22:59): No changes have been made to the East Coast Rail Line (ECRL) project so far, said China’s Ambassador to Malaysia Bai Tian.
He said the project had started and ran smoothly, with its main contractor, China Communications Construction Company Ltd working closely with its owner, Malaysia Rail Link Sdn Bhd.
The Board of Directors of the GBGAQRS wishes to update that Suria Capital Berhad (“Suria”) had liaised with Lands and Surveys Department Sabah and successfully amended the Owner’s Covenant in the land title (TL 017561974). Under clause (3) condition precedent in the joint venture agreement, Suria is to provide GBGAQRS subdivision title of the land. The original title issued in Jan 2017 stated Owner’s Covenant.
Suria has officially forwarded to GBGAQRS on 5th April 2018 the updated land title capturing the amendment of permission to extend the Owner’s Covenant to complete construction of a building until month 01 year 2023.
With the updated land title, GBGAQRS has initiated the update valuation of the commercial land and discussion with financial institution to charge the land. Both GBGAQRS and Tera Capital have also started updating the market study of the 432 keys hotel, 280 units serviced suites and 340 units condominiums.
GBGAQRS is working closely with the architect to update the design layout with the target submission of the Development Plan by 4th quarter 2018.
Based on the design layout, GBGAQRS has also started the phase 1 site investigation (“S.I.”) works on site and completed in April 2018. Phase 2 S.I. works is targeting to commence upon Suria handing over the vacant possession of the existing Jesselton Point ticketing hall.
GBGAQRS has also completed the design of the temporary ticketing hall and obtained Building Plan (BP) approval in December 2017. However, Suria has informed GBGAQRS in February 2018 that they have decided to change the design brief to the approved ticketing hall with reduced area and budget. GBGAQRS is now updating the changes and target to resubmit to authority by early June 2018.
Based on the updates above, GBGAQRS and Tera Capital have mutually agreed to further extend the existing MOU until 31 December 2018. Except as expressly modified by way of the extended MOU, the other terms and conditions of the MOU shall remain unchanged and in full force.
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....
moregain
140 posts
Posted by moregain > 2018-05-15 15:46 | Report Abuse
Gamuda up already