George Kent seen strong in rail sector with LRT3 job
George Kent (M) Bhd (Dec 20, 82 sen) Maintain market perform with a lower target price (TP) of 84.
Shares jump on LRT3 green light
KUALA LUMPUR (July 13): Shares in George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) rallied yesterday after Finance Minister Lim Guan Eng announced that the cabinet had approved the continuation of the light rail transit Line 3 (LRT3) project at a final cost of RM16.
Reverting to original LRT 3 design can cut costs by RM6bn
PETALING JAYA (July 10): Almost RM6 billion can be shaved from the cost of the light rail transit line 3 (LRT 3) project if it follows its original design, reported The Star citing sources.
Scrapping of LRT3 unlikely despite cost overruns
KUALA LUMPUR (July 10): Analysts reckon the third light rail transit (LRT3) line in the Klang Valley is not in danger of being dropped despite talk of Putrajaya reviewing the project because of massive cost overruns.
MRCB, George Kent fall after Putrajaya urged to reconsider LRT3's PDP appointment
KUALA LUMPUR (Sept 14): Shares of Malaysian Resources Corporation (MRCB) and George Kent (M) Bhd fell today, after Putrajaya was urged to reconsider the appointment of the two companies as the project delivery partner (PDP) for Light Rail Transit 3 (LRT3) project.
