Company Overview and News

 
Construction settles down on commencement of major projects

2018-10-20 thestar.com.my
THE construction sector, which has been volatile over the last few weeks, has now calmed down after the government announced that it is proceeding with the light rail transit 3 (LRT3) project and the Klang Valley Mass Rapid Transit (MRT2), but at a reduced cost.
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Continuation of LRT3 seen as positive for prospects of MRCB- George Kent JV

2018-10-19 theedgemarkets
Malaysian Resources Corp Bhd (Oct 18, 77.5 sen) Maintain buy with a lower target price (TP) of RM1.07: We take note of the approval granted by the government to continue with the light rail transit Line 3 (LRT3) project according to the announcement made on Bursa Malaysia on Wednesday. As outlined in July this year, the project will proceed until completion at a cost of RM16.6 billion. This was following the cost-reduction exercise as instructed by the new federal administration.
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‘Building costs actually higher post SST’

2018-10-19 theedgemarkets
Ng: Vizione is accelerating plans to venture into other Southeast Asian markets. Photo by Kenny Yap
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KLCI to trend sideways, 11MP mid-term review in focus

2018-10-17 theedgemarkets
KUALA LUMPUR (Oct 18): The FBM KLCI is expected to trend sideways today with immediate hurdle at 1,740, tracking the overnight dip at most global markets.
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LRT3 to proceed on new terms, RM16.6bil budget

2018-10-17 thestar.com.my
KUALA LUMPUR: The Light Rail Transit Line 3 (LRT3) project has received the Government’s greenlight to continue at a total project cost of RM16.6bil, according to separate filings by Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd after the market closed on Wednesday.
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LRT3 project proceeds at almost half the original cost – at RM16.6b

2018-10-17 theedgemarkets
KUALA LUMPUR (Oct 17): MRCB George Kent Sdn Bhd said today the government has agreed to continue with the Light Rail Transit Line 3 (LRT3) project at a cost of RM16.6 billion – almost half or 47% of the earlier cost of RM31.45 billion in July.
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DNex, KPS, MRCB, George Kent, Gas Malaysia, Top Glove, WCT and Press Metal

2018-10-17 theedgemarkets
KUALA LUMPUR (Oct 17): Based on corporate announcements and news flow today, stocks in focus on Thursday (Oct 18) may include Dagang Nexchange Bhd, Kumpulan Perangsang Selangor Bhd, Malaysian Resources Corp Bhd (MRCB), George Kent (M) Bhd, Gas Malaysia Bhd, Top Glove Corp Bhd, WCT Holdings Bhd and Press Metal Aluminium Holdings Bhd.
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MRCB back on radar of investors

2018-10-05 thestar.com.my
MALAYSIAN Resources Corp Bhd (MRCB) is back on the radar of investors. Its share price recently went into the top volume list and gained more than 7% in three days.
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Risk of order book reductions seen with infrastructure job cuts

2018-10-05 theedgemarkets
Construction sector Maintain neutral: The outlook for the construction sector remains challenging as the federal government is reviewing ongoing infrastructure projects to reduce costs by 20%-33%. Projects that could be affected include the Klang Valley mass rapid transit Line 2 (MRT2) and light rail transit Line 3 (LRT3), Pan Borneo Highway (PBH) and Gemas-Johor Baru Electrified Double Tracking (EDT).
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George Kent remains hopeful it can strike a deal with government on LRT3

2018-10-01 theedgemarkets
George Kent (Malaysia) Bhd (Sept 28, 1.31) Downgrade to market perform with a lower target price of RM1.35: We leave a briefing feeling less excited with George Kent (Malaysia) Bhd’s near-term prospects as the project cost review on light rail transit 3 (LRT3) took longer than expected, which hindered the group from proceeding with construction work despite not being shelved by the government.
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George Kent announces 2Q net profit dip of 3.1%, pays two sen dividend

2018-09-27 theedgemarkets
KUALA LUMPUR: George Kent (Malaysia) Bhd’s net profit dipped slightly by 3.1% to RM24.58 million for the second financial quarter ended July 31, 2018 (2QFY19), from RM25.38 million a year ago, mainly attributed to lower profit contributed by the metering division.
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George Kent first-half net profit rises to RM46mil

2018-09-27 thestar.com.my
George Kent chairman Tan Sri Tan Kay Hock(pic) said the group’s engineering and metering divisions have continued to perform amidst challenges in the operating environment.
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KLCI seen trending sideways, immediate support at 1,786

2018-09-26 theedgemarkets
KUALA LUMPUR (Sept 27): The FBM KLCI is expected to trend sideways today with immediate support at 1,786.
5080 BRDBF 5088 6399 5014 7088 2593 5210 3204 7668 6888 MYPRY AXXTF

 
George Kent, Axiata, Astro, Bumi Armada, United Malacca, Poh Huat, MAHB, Apex Equity, Poh Kong, Hai-O and Eversendai

2018-09-26 theedgemarkets
KUALA LUMPUR (Sept 26): Based on corporate announcements and news flow today, companies in focus on Thursday (Sept 27) may include: George Kent (Malaysia) Bhd, Axiata Group Bhd, Astro Malaysia Holdings Bhd, Bumi Armada Bhd, United Malacca Bhd, Poh Huat Resources Holdings Bhd, Malaysia Airports Holdings Bhd (MAHB), Apex Equity Holdings Bhd, Poh Kong Holdings Bhd, Hai-O Enterprise Bhd and Eversendai Corp Bhd
5080 BRDBF 5088 6399 5014 7088 2593 5210 3204 7668 6888 MYPRY AXXTF

 
George Kent: 2Q net profit down but results 'credible' despite LRT3 work disruption

2018-09-26 theedgemarkets
KUALA LUMPUR (Sept 26): George Kent (Malaysia) Bhd's net profit dipped slightly by 3.1% to RM24.58 million in the second financial quarter ended July 31, 2018 (2QFY19) from RM25.38 million a year ago, mainly attributed to lower profits contributed by the metering division.
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