company becoming bigger, more talents & expertise... plus new owner from SMHB getting his shares at 1.14... logical for the share to trade below it ka ? biggest engineering firm in Malaysia...don't you want to invest into the best in biz ?
Missing opportunity will be great, ECRL has many phases and packages that will last until 2024. So it's not just 16.5M....that just a preliminary study/design. How about HSR?...I think that too gov't have to defer it....lot of uncertainty for now.
the main concern is most of their project were former government related project. If all contracts will be reviewed again by new government, it may have some delay to the work progress. As now, parliament haven't form, once MoF on duty, worry will have some impact to their contracts.
Is renegotiating the contracts that largely involved China good or bad for local? I think so because Tun M want to benefit Malaysian more whether it is property development or construction project.
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"Currently, the Government is reviewing all major infrastructure projects and we are awaiting their directive,” Kuna says.
“Further to this, we are looking at possible upside in terms of increased local participation,” he tells StarBizWeek in an email.
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.
As for the group’s ongoing projects in the group’s order book, HSS executive vice-chairman Tan Sri Ir Kuna Sittampalam reveals that the majority of projects are already progressing well at an advanced stage.
“ECRL constitutes close to 11% of our unbilled order book, and we are close to completing the Reference Design Consultancy Package 05 for KL-Singapore HSR, with the remaining unbilled portion of approximately RM4mil.
“Apart from this, our order book does not include any other work related to the KL-Singapore HSR,” he points out.
Study the chart and MRT 3 impact on the price of HSSEB... HSSEB voiced out intention to bid for MRT 3 end Jan 2018, get the award 13th April... both didn't push the price up much... and current price already lower than before... so up to you to judge how big is the impact to HSSEB..
sure or not 28.5 cents ? SMHB owner got their HSSEB shares at 1.14 at the expense of their company... they should have sold their company for full cash consideration back then...
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....
Pavillion
3,100 posts
Posted by Pavillion > 2018-05-16 23:00 | Report Abuse
Premature reply from executives, not from decision maker.