KUALA LUMPUR: SCOMI GROUP BHD [] and SCOMI ENGINEERING BHD [] share prices fell early Tuesday, June 22 after the latter said it was planning to propose a monorail system in the Greater KL to support the proposed mass rapid transit (MRT) project under the 10th Malaysia Plan (10MP).
At 9.27am, Scomi shed half a sen to 41.5 sen with 2.06 million shares traded, while Scomi Engineering fell two sen to RM1.12 with 20,000 shares done.
Scomi Engineering president Syahrunizam Samsudin had said that a new monorail system would be ideal to connect the feeder areas and the trunk line that is served within the MRT's 20-kilometre circular radius of the city.
"The MRT is a major trunk line in the Greater KL that was proposed under the 10MP, but we see a gap between the feeder areas and sub-urban areas going into the trunk line. This is where the monorail comes in," he said on Monday.
At 9.27am, Scomi shed half a sen to 41.5 sen with 2.06 million shares traded, while Scomi Engineering fell two sen to RM1.12 with 20,000 shares done.
Scomi Engineering president Syahrunizam Samsudin had said that a new monorail system would be ideal to connect the feeder areas and the trunk line that is served within the MRT's 20-kilometre circular radius of the city.
"The MRT is a major trunk line in the Greater KL that was proposed under the 10MP, but we see a gap between the feeder areas and sub-urban areas going into the trunk line. This is where the monorail comes in," he said on Monday.
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