BENEFICIARY OF BANDAR MALAYSIA TOO
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VIVOCOM might get involved in the development of Bandar Malaysia should IWH CREC Sdn Bhd wins the project.
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IWH
may get another chance to develop Bandar Malaysia followed news that
China-based Dalian Wanda Group Co Ltd came under regulatory pressure on
how it financed its global acquisitions. Dalian Wanda was seen as a
front runner for the Bandar Malaysia project.
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There is a possibility that the market is speculating on a contract to be concluded.
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The
Malaysian Government via the Finance Ministry owns TRX, a former unit
of 1Malaysia Development Bhd (1MDB). The Government also owns 100% of
1MDB. IWH and China Railway Engineering Corp (M) Sdn Bhd jointly own IWH
CREC.
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How would VIVOCOM secure jobs for Bandar Malaysia?
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Well,
CREC has partnered with CRCC and CCCC for Gemas-JB project and now seen
as front-runner with IWH for Bandar Malaysia project.
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So, we can hope that CREC also might prefer VIVOCOM as preferred contractor too.
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This
is not speculation, it is an assumption. Do u expect the Company to
announce to the whole world that they are in favor??? Please rethink
about it.
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Remember
this!!!, Given strong track record of jobs flow awarded from CRCC, this
will favour VIVOCOM to take a slice of huge pie of Bandar Malaysia
development.
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And dont forget, ECRL too...
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Stick to my plan, TP of 30sen for now.
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Share price is still in consolidation phase. No worries. It is normal to see irrational investors to selloff.
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When there is fear, that is where goldmine. When there is greed, that is where monkey game!
http://klse.i3investor.com/blogs/tradingideas/129211.jsp
