sad to see so many oil and gas related company sink to this low price. Vastalx, saag, petra, knm (just to note this few that i used to own in the past) only knm give me profit all others at lose or neutral.... so i not dare to go into it again in the near future just my precaution to do some homework before go into the shares...... it's ur hard earn money. money earn for 1 year can lose in 1 day for some unfortunate situation.

p.s. only invest the money that u can lose in share market, pls dun sai lang as u may need some backup funds in any unfortunate situation. just frendly advice not intend to point to anyone here if any i'm sorry i just want to share my thinking with my other forumers.

no thanks, that's my view only.

not much project secured is the main reason.

if a good stocks does it need someone to hard sell it?

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.

good luck to those still holding .....if i were hold this stock i will sell it rather than have another round of roller coaster ride ..... remember shares up of course everyone is happy but terjun like waterfall will cause heartattack and risk ur life too (if sailang lahh) wanna play, play small pls ... really no fundamental to supports the shares from moving only speculation now.

This post has been edited by cwhong: Jan 17 2011, 04:02 PM