GKent Chairman Tan Sri
Tan Kay Hock, Merchant bankers & certain i3 members are telling lies
by claiming GKent's contract order book in hand are valued RM5.6bil!
Wonderfully, I got this information from the forum:
RM4.5 billion - LRT3
RM494 million - MRT2
RM642 million - Hospital in Putrajaya and Selangor
Total Order Book in Hand = 5.6 billion
Now, try to read this news:
MRCB and George Kent chosen for the RM9bil LRT3 project
"PRASARANA Malaysia Bhd has appointed Malaysian Resources Corp Bhd
(MRCB) and George Kent (M) Bhd as the project delivery partner (PDP) for
the light rail transit three (LRT3), which is estimated to cost
RM9bil."
"The PDP for the LRT3 project will earn a management fee of 6%".
SIMPLE CALCULATION:
Project shared equally with MRCB = 9bil divided by 2 = 4.5bil
Management fee = 6% of 4.5bil = 270mil
CORRECTION:
RM270 million- LRT3
RM494 million - MRT2
RM642 million - Hospital in Putrajaya and Selangor
George Kent sees good year ahead
“Together with contracts secured by the engineering division in the last financial year, the order book has grown to RM6.1bil,” the company’s chairman Tan Sri Tan Kay Hock said at a press conference after its AGM.
RHB Maintains Buy On George Kent, Backed By Engineering Orderbook
http://klse.i3investor.com/blogs/happyinvest/159078.jspWonderfully, I got this information from the forum:
RM4.5 billion - LRT3
RM494 million - MRT2
RM642 million - Hospital in Putrajaya and Selangor
Total Order Book in Hand = 5.6 billion
Now, try to read this news:
MRCB and George Kent chosen for the RM9bil LRT3 project
https://www.thestar.com.my/business/business-news/2015/09/05/prasarana-appoints-2-pdps/
"PRASARANA Malaysia Bhd has appointed Malaysian Resources Corp Bhd
(MRCB) and George Kent (M) Bhd as the project delivery partner (PDP) for
the light rail transit three (LRT3), which is estimated to cost
RM9bil.""The PDP for the LRT3 project will earn a management fee of 6%".
SIMPLE CALCULATION:
Project shared equally with MRCB = 9bil divided by 2 = 4.5bil
Management fee = 6% of 4.5bil = 270mil
CORRECTION:
RM270 million- LRT3
RM494 million - MRT2
RM642 million - Hospital in Putrajaya and Selangor
Total Order Book in Hand = 1.4 billion only
Let's see who had been cheating:
George Kent sees good year ahead
https://www.thestar.com.my/business/business-news/2017/06/23/george-kent-sees-good-year-ahead/
“Together with contracts secured by the engineering division in the last financial year, the order book has grown to RM6.1bil,” the company’s chairman Tan Sri Tan Kay Hock said at a press conference after its AGM.
RHB Maintains Buy On George Kent, Backed By Engineering Orderbook
http://www.bernama.com/en/business/news.php?id=1386976
RHB Research Institute Sdn Bhd has maintained a 'buy' call on George Kent (M) Bhd due to its RM6.1 billion engineering order book backlog.
Let's see who had been honest:
