This company going to place additional shares and warrants in near future. they need to bump up the price to make it attractive for investors

I see. Then better don't touch this counter.

from others forum.........

SAAG Consolidated (M) Bhd ("SAAG" or "the Company")
- OGS Asiapac Ltd, a subsidiary of SAAG RR Infra Limited, which in turn is a subsidiary of the Company has secured an Engineering, Procurement, Construction and Commissioning (“EPCC”) Contract for 40 kms Tracklength Project from Mrails Tram (Melaka) Sdn Bhd


1. Introduction

The Board of Directors of SAAG is pleased to announce that SAAG RR Infra Limited through its overseas subsidiary, OGS Asiapac Ltd has on 23 December 2010 secured an EPCC contract worth United States Dollars Seventy Eight Million (USD78,000,000.00), as Main Contractor from Mrails Tram (Melaka) Sdn Bhd (“Mrails”) for design, engineering, procurement, construction and commissioning of 40 kms Tramway in Melaka (“Project”).


2. Details of the Project

The Project comprises of EPCC for the entire 40 kms Tram project in the city of Melaka. The Tram system will be 40 kms long, starting from the main depot which shall be near the toll plaza at Ayer Keroh connecting the city through 32 stops/stations along the way involving also the UN heritage site. The civil works and track laying would be done on existing operational roads whereas the depot would be a new construction, to take care of parking of buses/cars to facilitate “Park and Ride” philosophy of the State Government. The specifications of the system include a 1,000 mm standard gauge track, medium speed of upto 60 kmph capability, involving about 20 double-car Trams to cater to around 120 passengers each. The Project envisages minimal changes to the existing road infrastructure. The tram cars are to be fuelled using NGV/Euro IV fuel to avoid excessive pollution and will be procured from M/s. CNR Tangshan Railway Vehicle Corporation Limited, China being technology providers for the Project. The EPCC shall include procurement of site evaluation and studies, rolling stock (including tracks and tram cars), track laying, construction of buildings, electrical and communication systems, ticketing system, safety system, standby generator and project management services.

The Project is scheduled to commence on 18th February 2011 and the contract period is 15 months from commencement date.


3. Information on Mrails Tram (Melaka) Sdn Bhd

Mrails Tram (Melaka) Sdn Bhd (“Mrails”) is a company incorporated in Malaysia and has signed a Principal Agreement with the Chief Minister of Malacca (Incorporation) on 3rd March 2010 a 25 year concession with the Malacca State Government for the provision of 40 kms Tramway in the state capital to augment public transport facilities. The technology provider of Mrails has entered into a partnership with CNR Tangshan Railway Vehicle Corporation Limited of China who are the largest manufacturers of rails and rapid transit vehicles in China. It is intended that Mrails will be deploying tramcars driven on NGV/Euro IV fuel to also alleviate pollution issues attached to city vehicular activity.




4. Financial Effects

4.1 Share capital and substantial shareholding structure

The Project will not have any material effect on the Company’s issued and paid-up share capital and substantial shareholding structure.

4.2 Net Assets

The Project will not have a material effect on the Company’s net assets per share and gearing for the financial year ending 31 December 2010.

4.3 Earnings

The Project is expected to contribute positively to the earnings of SAAG Group in the year 2011 and 2012.


5. Risk Factors

The Project is subject to risks inherent in the construction industry. These include shortage of skilled personnel, the changes to the general economic, business and political conditions such as, but not limited to, Government regulations, the local economic performance, demand and supply conditions in the construction market, pricing of products, labour, and building material shortages, inflation, levies, duties, taxes, movement in interest rate and availability of bank loans. Any adverse change in one or more of these factors could materially affect the financial and business prospects of SAAG Group.


6. Directors’ and Major Shareholders’ Interest

None of the Directors, major shareholders of SAAG and/or persons connected with them has any interest, direct or indirect, in the Project.


7. Statement by the Board of Directors

The Board of Directors of SAAG is of the opinion that the award of the Project is in the best interest of the SAAG Group.

.

This announcement is dated 10 January 2011.

http://www.zoomfinance.com/zoomfinance/S13...txtSymbol=9652#



Last Done : 0.125
Change : 0.020
Day High : 0.125
Day Low : 0.110
Best Buy : 0.120
Best Sell : 0.125
Vol (lots) : 1297861

0.13...too late to enter? wat is the target price for SAAG?

Dunno..
It is a big question mark.. Anything can happen

still can enter nw>
lining up since .115...now .135

base on the news, this changes the entire equation
the FA did not forsee this & mts should be happy, coz he buying since 30sen?
mts can now guide on its next future price, as the in house lyn advisor for sagg
I have no position in this & wat is the expected profit from here? have they change their core business?

Can the share price increase drastically because of a 280mil project?

anything possible with this project now..the sharks waiting to swallow all cheap shares dump by now..i think target price this week around 18.5 cents

Base on what for the TP of 18.5cents?
Their past 2 yrs record doesn't seems to be soaring until that high if i am not wrong about it.

haha...what a surprise....ikan masin jadi ikan hidup....damn keng man...should be the next Bornoil and KBunai

This post has been edited by changshen: Jan 10 2011, 11:19 PM

Haha... I think it is still safe to enter now since the buying power is so strong... Those sharks definitely wana profit 2X... Imagine if they started buying at RM0.08 or RM0.115... They wouldn't sell so early unless the selling power is greater than the buying power... Anything is possible, just look at BORNOIL!!! From RM0.195 increased to RM0.46 in 1 week's time... Lol... I just followed the sharks ^^

This post has been edited by t5t: Jan 11 2011, 12:24 AM

opening 0.14 today...how it will up up and away

Many people are throwing their shares today... But the buying power is so strong! Amazing!

---

Added on January 11, 2011, 9:34 amRM0.15 now... Gogogogogo!

This post has been edited by t5t: Jan 11 2011, 09:34 AM

impressive!! congrat to the holders.

Haha... Thanks thanks... RM0.16 now... Lol...

wuhuu..16c d..100% profit +100 posts in LYN

This post has been edited by hemoh_hemoh: Jan 11 2011, 09:46 AM

my buying price is around 25 cents so it's still logn way to go..lol.

Suddenly this thread become so active...really riding on the stock trend to become lively again.

Wow... Grats Grats... Regret I didn't buy at RM0.08... Haha... Today alot of buying at between RM0.14 and RM0.16... Gonna reach 2mil lots soon and it's just 10.05am now... I don't think these people will sell their shares in three days time... They are now whacking those T+3 people's shares...


Haha... Hopefully the uptrend would continue...