Guess Who Will Get Klang Valley LRT Ext RM7 Bil Contracts? Updated

Based on these consensus opinions, look like Gamuda, IJM, and UEM Group are the strongest contenders. Potential winners picked by Maybank Investment Bank, HwangDBS Vickers, Arab Malaysia Research and OSK Research.

Syarikat Prasarana Negara Bhd said 17  applicants have qualified to bid for contracts of about RM7bn to extend light rail transit (LRT) lines in the Klang Valley. Another 15 candidates were shortlisted for the subcontracting of fabrication and delivery of segmental box girder works. (Business Times)

Contractors pre-qualified for  LRT extension – MAIN CONTRACTORS
1. Sunway Construction
2. Fajarbaru Builder-Signatium Construction
3. WCT-Sinohydro Corp
4. IJM Construction
5. Ranhill-CCCC
6. Muhibbah Engineering
7. Gamuda
8. UEM Builders-Intria Bina
9. MMC-Zelan
10. MRCB Engineering 
11. Trans Resources Corp
12. BPHB-Tim Sekata
13. Zabima-Leighton
14. Mudajaya Corp
15. MTDC-Persys
16. Loh & Loh Construction
17. Ahmad Zaki

Contractors pre-qualified for LRT extension – SUB-CONTRACTORS for
Segmental Box Girders
1. Sunway Construction
2. Fajarbaru Builder-Signatium Construction
3. WCT-Sinohydro Corp
4. IJM Construction
5. Ranhill-CCCC
6. Muhibbah Engineering
7. UEM Builders-Intria Bina
8. MMC-Zelan 
9. MRCB Engineering
10. BPHB-Tim Sekata
11. Zabima-Leighton 
12. MTDC-Persys
13. Ahmad Zaki
14. Bina Puri-Acre Works-SNC Lavalin 

Potential winners
In terms of experience, IJM, UEM and Mudajaya can ride on their resume in the construction of the existing Klang Valley LRT lines. In terms of technical capability, we think that Gamuda ranks well, and so do WCT, MTD and Ranhill. As for total package offering, including financial capacity, our bets are on IJM, Gamuda, WCT and UEM for the main contractor role.  ( Maybank Investment Bank)

Based on balance sheet strength and past experience alone, we think Gamuda and IJM are the strongest contenders. In any case, IJM, MRCB, WCT and Sunway have also been shortlisted for the subcontractor role which hedges their bets somewhat. Another non-listed GLC contractor which we think is also a front runner is UEM Builders. (HWDBS Vickers)

Based on operating track record, the UEM Group – along with IJM and Gamuda are leading contenders. Nevertheless, we do not discount possibility of local consortiums being formed to pave the way for other contractors to participate at sub-contractor level, including WCT Bhd (WCT).  (Arab Malaysian Research)

We reckon that Gamuda (NEUTRAL, TP: RM2.75) has the necessary expertise to undertake the job given its experience with the Kaohsiung MRT in Taiwan. IJM (BUY, TP: RM5.45) and Road Builders (acquired by IJM in 2007) were among the main subcontractors for the existing line. On the other hand, MRCB (TRADING BUY, TP: RM1.75) was involved in the existing LRT portion at KL Sentral. Mudajaya (BUY, TP: RM6.48) is also a likely beneficiary as it previously constructed some of the stations for the current line and was also involved in the KLIA track transit. Lastly, unlisted UEM Builders was the main contractor for the current line. As pricing would also be the key determinant, we think competitive contractors like WCT (BUY, TP: RM3.08) stand a strong winning chance.  (OSK Research)

Based on these consensus opinions, look like Gamuda, IJM and UEM Group/Builders are the strongest candidates.

Based on these consensus opinions, look like Gamuda, IJM, and UEM Group are the strongest contenders. Potential winners picked by Maybank Investment Bank, HwangDBS Vickers, Arab Malaysia Research and OSK Research.

Syarikat Prasarana Negara Bhd said 17  applicants have qualified to bid for contracts of about RM7bn to extend light rail transit (LRT) lines in the Klang Valley. Another 15 candidates were shortlisted for the subcontracting of fabrication and delivery of segmental box girder works. (Business Times)

Contractors pre-qualified for  LRT extension – MAIN CONTRACTORS
1. Sunway Construction
2. Fajarbaru Builder-Signatium Construction
3. WCT-Sinohydro Corp
4. IJM Construction
5. Ranhill-CCCC
6. Muhibbah Engineering
7. Gamuda
8. UEM Builders-Intria Bina
9. MMC-Zelan
10. MRCB Engineering 
11. Trans Resources Corp
12. BPHB-Tim Sekata
13. Zabima-Leighton
14. Mudajaya Corp
15. MTDC-Persys
16. Loh & Loh Construction
17. Ahmad Zaki

Contractors pre-qualified for LRT extension – SUB-CONTRACTORS for
Segmental Box Girders
1. Sunway Construction
2. Fajarbaru Builder-Signatium Construction
3. WCT-Sinohydro Corp
4. IJM Construction
5. Ranhill-CCCC
6. Muhibbah Engineering
7. UEM Builders-Intria Bina
8. MMC-Zelan 
9. MRCB Engineering
10. BPHB-Tim Sekata
11. Zabima-Leighton 
12. MTDC-Persys
13. Ahmad Zaki
14. Bina Puri-Acre Works-SNC Lavalin 

Potential winners
In terms of experience, IJM, UEM and Mudajaya can ride on their resume in the construction of the existing Klang Valley LRT lines. In terms of technical capability, we think that Gamuda ranks well, and so do WCT, MTD and Ranhill. As for total package offering, including financial capacity, our bets are on IJM, Gamuda, WCT and UEM for the main contractor role.  ( Maybank Investment Bank)

Based on balance sheet strength and past experience alone, we think Gamuda and IJM are the strongest contenders. In any case, IJM, MRCB, WCT and Sunway have also been shortlisted for the subcontractor role which hedges their bets somewhat. Another non-listed GLC contractor which we think is also a front runner is UEM Builders. (HWDBS Vickers)

Based on operating track record, the UEM Group – along with IJM and Gamuda are leading contenders. Nevertheless, we do not discount possibility of local consortiums being formed to pave the way for other contractors to participate at sub-contractor level, including WCT Bhd (WCT).  (Arab Malaysian Research)

We reckon that Gamuda (NEUTRAL, TP: RM2.75) has the necessary expertise to undertake the job given its experience with the Kaohsiung MRT in Taiwan. IJM (BUY, TP: RM5.45) and Road Builders (acquired by IJM in 2007) were among the main subcontractors for the existing line. On the other hand, MRCB (TRADING BUY, TP: RM1.75) was involved in the existing LRT portion at KL Sentral. Mudajaya (BUY, TP: RM6.48) is also a likely beneficiary as it previously constructed some of the stations for the current line and was also involved in the KLIA track transit. Lastly, unlisted UEM Builders was the main contractor for the current line. As pricing would also be the key determinant, we think competitive contractors like WCT (BUY, TP: RM3.08) stand a strong winning chance.  (OSK Research)

Based on these consensus opinions, look like Gamuda, IJM and UEM Group/Builders are the strongest candidates.

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