Highlights
KLSE: GADANG (9261)       GADANG HOLDINGS BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
1.07   +0.01 (0.94%)  1.06 - 1.09  1,956,500
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Financials


Market Cap: 706 Million

Market Cap 706 Million
NOSH 660 Million

Latest Audited Result:  31-May-2017

Latest Audited Result: 31-May-2017
Announcement Date 29-Sep-2017
Next Audited Result: 31-May-2018
Est. Ann. Date: 29-Sep-2018
Est. Ann. Due Date: 27-Nov-2018

Latest Quarter:  30-Nov-2017 [#2]

Latest Quarter: 30-Nov-2017 [#2]
Announcement Date 24-Jan-2018
Next Quarter: 28-Feb-2018
Est. Ann. Date: 19-Apr-2018
Est. Ann. Due Date: 29-Apr-2018
QoQ | YoY   54.70%  |    1.67%

Annual (Unaudited) ( EPS: 15.21, P/E: 7.04 )

Revenue | NP to SH 542,801  |  100,376
RPS | P/RPS 82.24 Cent  |  1.30
EPS | P/E | EY 15.21 Cent  |  7.04  |  14.21%
DPS | DY | Payout % 2.95 Cent  |  2.76%  |  19.37%
NAPS | P/NAPS 0.93  |  1.15
YoY   5.92%
NP Margin | ROE 18.55%  |  16.31%
F.Y. | Ann. Date 31-May-2017  |  26-Jul-2017

T4Q Result ( EPS: 15.53, P/E: 6.89 )

Revenue | NP to SH 551,930  |  102,485
RPS | P/RPS 83.62 Cent  |  1.28
EPS | P/E | EY 15.53 Cent  |  6.89  |  14.51%
DPS | DY | Payout % 2.94 Cent  |  2.75%  |  18.96%
NAPS | P/NAPS 0.99  |  1.08
QoQ | YoY   0.46%  |    1.69%
NP Margin | ROE 18.67%  |  15.75%
F.Y. | Ann. Date 30-Nov-2017  |  24-Jan-2018

Annualized Result ( EPS: 14.15, P/E: 7.56 )

Revenue | NP to SH 519,214  |  93,418
RPS | P/RPS 78.67 Cent  |  1.36
EPS | P/E | EY 14.15 Cent  |  7.56  |  13.23%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   27.35%  |    4.73%
NP Margin | ROE 18.08%  |  14.35%
F.Y. | Ann. Date 30-Nov-2017  |  24-Jan-2018


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-May-2018 24-Jan-2018 30-Nov-2017 2 142,867 38,275 28,532 28,371 - 650,889 - % 19.97% 4.36% 657,464 21.73 21.65 4.32 4.30 0.00 0.00 0.9900 0.99   54.70%   1.67% 30-Nov-2017 1.09 5.02 25.26 1.10 3.96% 0.00% 24-Jan-2018 1.14 5.25 26.42 1.15 3.79% 0.00%
31-May-2018 25-Oct-2017 31-Aug-2017 1 116,740 25,178 18,393 18,339 - 644,165 - % 15.76% 2.85% 657,311 17.76 17.69 2.79 2.78 0.00 0.00 0.9800 0.98   -38.84%   9.84% 30-Aug-2017 1.25 7.04 44.80 1.28 2.23% 0.00% 25-Oct-2017 1.21 6.81 43.37 1.23 2.31% 0.00%
31-May-2017 26-Jul-2017 31-May-2017 4 163,784 45,023 30,110 29,986 19,429 615,263 64.79% 18.38% 4.87% 647,645 25.29 24.82 4.63 4.54 3.00 2.94 0.9500 0.93   16.27%   -3.50% 31-May-2017 1.25 4.94 27.00 1.32 3.70% 2.40% 26-Jul-2017 1.28 5.06 27.65 1.35 3.62% 2.34%
31-May-2017 19-Apr-2017 28-Feb-2017 3 128,539 36,708 26,003 25,789 - 354,501 - % 20.23% 7.27% 389,561 33.00 19.48 6.62 3.91 0.00 0.00 0.9100 0.54   -7.58%   2.70% 28-Feb-2017 1.08 3.27 16.31 1.19 6.13% 0.00% 19-Apr-2017 1.27 3.85 19.18 1.40 5.21% 0.00%
31-May-2017 25-Jan-2017 30-Nov-2016 2 147,121 36,356 27,933 27,905 - 0 - % 18.99% - % 262,758 55.99 22.29 4.32 4.23 0.00 0.00 0.0000 0.00   67.14%   57.47% 30-Nov-2016 0.94 1.68 8.85 0.00 11.30% 0.00% 25-Jan-2017 1.03 1.84 9.70 0.00 10.31% 0.00%
31-May-2017 27-Oct-2016 31-Aug-2016 1 103,851 22,490 16,622 16,696 - 516,904 - % 16.01% 3.23% 258,452 40.18 15.73 2.58 2.53 0.00 0.00 2.0000 0.78   -46.27%   -19.97% 30-Aug-2016 2.87 7.14 44.43 1.44 2.25% 0.00% 27-Oct-2016 3.29 8.19 50.93 1.65 1.96% 0.00%
31-May-2016 21-Jul-2016 31-May-2016 4 247,495 38,386 30,778 31,073 16,198 189,750 52.13% 12.44% 16.38% 231,403 106.95 37.50 5.52 4.71 7.00 2.45 0.8200 0.29   23.74%   22.32% 31-May-2016 2.08 1.94 15.49 2.54 6.46% 3.37% 21-Jul-2016 2.33 2.18 17.35 2.84 5.76% 3.00%
31-May-2016 28-Apr-2016 29-Feb-2016 3 175,915 34,903 25,504 25,111 - 433,796 - % 14.50% 5.79% 223,606 78.67 26.65 11.23 3.80 0.00 0.00 1.9400 0.66   0.00%   55.31% 29-Feb-2016 2.07 2.63 18.43 1.07 5.43% 0.00% 28-Apr-2016 2.03 2.58 18.08 1.05 5.53% 0.00%
31-May-2016 28-Feb-2016 3 175,915 34,903 25,504 25,111 - - - % 14.50% - % 249,364 70.55 26.65 10.07 3.80 0.00 0.00 - -   41.70%   55.31% 26-Feb-2016 2.06 2.92 20.46 0.00 4.89% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-May-2016 21-Jan-2016 30-Nov-2015 2 101,980 25,496 17,663 17,721 - 408,946 - % 17.32% 4.33% 223,467 45.64 15.45 7.93 2.68 0.00 0.00 1.8300 0.62   -15.06%   108.21% 30-Nov-2015 1.87 4.10 23.58 1.02 4.24% 0.00% 21-Jan-2016 2.18 4.78 27.49 1.19 3.64% 0.00%
31-May-2016 29-Oct-2015 31-Aug-2015 1 149,382 25,878 20,757 20,862 - 405,951 - % 13.90% 5.14% 217,086 68.81 22.63 9.61 3.16 0.00 0.00 1.8700 0.62   -17.88%   118.75% 28-Aug-2015 1.20 1.74 12.49 0.64 8.01% 0.00% 29-Oct-2015 1.57 2.28 16.34 0.84 6.12% 0.00%
31-May-2015 30-Jul-2015 31-May-2015 4 169,755 32,773 25,968 25,404 10,815 216,317 42.58% 15.30% 11.74% 216,317 78.48 25.72 11.84 3.85 5.00 1.64 1.0000 0.33   57.13%   195.70% 29-May-2015 1.46 1.86 12.43 1.46 8.04% 3.42% 30-Jul-2015 1.44 1.83 12.26 1.44 8.16% 3.47%
31-May-2015 23-Apr-2015 28-Feb-2015 3 169,689 26,855 16,482 16,168 - 357,124 - % 9.71% 4.53% 216,439 78.40 25.71 7.47 2.45 0.00 0.00 1.6500 0.54   89.97%   -15.91% 27-Feb-2015 1.52 1.94 20.35 0.92 4.91% 0.00% 23-Apr-2015 1.53 1.95 20.48 0.93 4.88% 0.00%
31-May-2015 16-Jan-2015 30-Nov-2014 2 114,596 12,488 8,689 8,511 - 340,006 - % 7.58% 2.50% 216,564 52.92 17.36 3.93 1.29 0.00 0.00 1.5700 0.52   -10.76%   2.91% 28-Nov-2014 1.56 2.95 39.69 0.99 2.52% 0.00% 16-Jan-2015 1.45 2.74 36.90 0.92 2.71% 0.00%
31-May-2015 28-Oct-2014 31-Aug-2014 1 133,358 12,708 9,642 9,537 - 339,525 - % 7.23% 2.81% 216,258 61.67 20.21 4.41 1.44 0.00 0.00 1.5700 0.51   11.01%   33.63% 29-Aug-2014 1.77 2.87 40.14 1.13 2.49% 0.00% 28-Oct-2014 1.49 2.42 33.79 0.95 2.96% 0.00%
31-May-2014 24-Jul-2014 31-May-2014 4 142,994 12,544 9,209 8,591 7,861 196,539 91.51% 6.44% 4.37% 196,539 72.76 21.67 4.37 1.30 4.00 1.19 1.0000 0.30   -55.32%   312.24% 30-May-2014 1.66 2.28 37.98 1.66 2.63% 2.41% 24-Jul-2014 2.01 2.76 45.98 2.01 2.17% 1.99%
31-May-2014 24-Apr-2014 28-Feb-2014 3 147,478 27,964 18,775 19,227 - 290,960 - % 12.73% 6.61% 196,595 75.02 22.34 9.78 2.91 0.00 0.00 1.4800 0.44   132.49%   431.87% 28-Feb-2014 1.18 1.57 12.07 0.80 8.29% 0.00% 24-Apr-2014 1.89 2.52 19.33 1.28 5.17% 0.00%
31-May-2014 23-Jan-2014 30-Nov-2013 2 141,023 12,680 8,725 8,270 - 269,759 - % 6.19% 3.07% 196,904 71.62 21.37 4.20 1.25 0.00 0.00 1.3700 0.41   15.88%   -32.46% 29-Nov-2013 1.00 1.40 23.81 0.73 4.20% 0.00% 23-Jan-2014 1.15 1.61 27.38 0.84 3.65% 0.00%
31-May-2014 24-Oct-2013 31-Aug-2013 1 113,451 9,897 7,669 7,137 - 269,357 - % 6.76% 2.65% 196,611 57.70 17.19 3.63 1.08 0.00 0.00 1.3700 0.41   242.47%   182.43% 30-Aug-2013 0.84 1.46 23.14 0.61 4.32% 0.00% 24-Oct-2013 0.955 1.66 26.31 0.70 3.80% 0.00%
31-May-2013 25-Jul-2013 31-May-2013 4 97,320 5,915 1,659 2,084 5,917 197,236 283.93% 1.70% 1.06% 197,236 49.34 14.75 1.06 0.32 3.00 0.90 1.0000 0.30   -42.35%   -77.31% 31-May-2013 0.915 1.85 86.60 0.92 1.15% 3.28% 25-Jul-2013 1.00 2.03 94.64 1.00 1.06% 3.00%
31-May-2013 24-Apr-2013 28-Feb-2013 3 87,865 5,151 3,676 3,615 - 265,230 - % 4.18% 1.36% 196,467 44.72 13.31 1.84 0.55 0.00 0.00 1.3500 0.40   -70.48%   276.56% 28-Feb-2013 0.61 1.36 33.15 0.45 3.02% 0.00% 24-Apr-2013 0.64 1.43 34.78 0.47 2.88% 0.00%
31-May-2013 29-Jan-2013 30-Nov-2012 2 124,013 17,698 12,324 12,244 - 261,809 - % 9.94% 4.68% 196,848 63.00 18.79 6.22 1.86 0.00 0.00 1.3300 0.40   384.53%   1,001.08% 30-Nov-2012 0.61 0.97 9.81 0.46 10.20% 0.00% 29-Jan-2013 0.59 0.94 9.49 0.44 10.54% 0.00%
31-May-2013 29-Oct-2012 31-Aug-2012 1 47,268 3,708 3,004 2,527 - 252,699 - % 6.36% 1.00% 197,421 23.94 7.16 1.28 0.38 0.00 0.00 1.2800 0.38   -72.49%   -20.86% 30-Aug-2012 0.57 2.38 44.53 0.45 2.25% 0.00% 29-Oct-2012 0.68 2.84 53.13 0.53 1.88% 0.00%
31-May-2012 26-Jul-2012 31-May-2012 4 76,529 8,857 8,035 9,186 3,931 249,620 42.79% 10.50% 3.68% 196,551 38.94 11.60 4.67 1.39 2.00 0.60 1.2700 0.38   856.88%   201.82% 31-May-2012 0.57 1.46 12.20 0.45 8.20% 3.51% 26-Jul-2012 0.57 1.46 12.20 0.45 8.20% 3.51%
31-May-2012 26-Apr-2012 29-Feb-2012 3 61,015 1,881 1,144 960 - 239,020 - % 1.87% 0.40% 195,918 31.14 9.24 0.49 0.15 0.00 0.00 1.2200 0.36   -13.67%   -54.44% 29-Feb-2012 0.60 1.93 122.45 0.49 0.82% 0.00% 26-Apr-2012 0.55 1.77 112.24 0.45 0.89% 0.00%
31-May-2012 19-Jan-2012 30-Nov-2011 2 37,471 2,563 1,395 1,112 - 242,257 - % 3.72% 0.46% 198,571 18.87 5.68 0.57 0.17 0.00 0.00 1.2200 0.37   -65.17%   135.02% 30-Nov-2011 0.62 3.29 110.71 0.51 0.90% 0.00% 19-Jan-2012 0.60 3.18 107.14 0.49 0.93% 0.00%
31-May-2012 27-Oct-2011 31-Aug-2011 1 71,332 4,617 3,296 3,193 - 238,489 - % 4.62% 1.34% 197,098 36.19 10.81 1.62 0.48 0.00 0.00 1.2100 0.36   135.39%   -43.84% 29-Aug-2011 0.62 1.71 38.27 0.51 2.61% 0.00% 27-Oct-2011 0.62 1.71 38.27 0.51 2.61% 0.00%
31-May-2011 29-Jul-2011 31-May-2011 4 73,508 -7,944 -9,027 -9,022 - 253,462 - % -12.28% -3.56% 211,218 34.80 11.14 -4.59 -1.37 0.00 0.00 1.2000 0.38   -528.19%   -353.21% 31-May-2011 0.68 1.95 -15.92 0.57 -6.28% 0.00% 29-Jul-2011 0.68 1.95 -15.92 0.57 -6.28% 0.00%
31-May-2011 28-Apr-2011 28-Feb-2011 3 73,784 3,273 2,285 2,107 - 266,806 - % 3.10% 0.79% 216,915 34.02 11.18 1.07 0.32 0.00 0.00 1.2300 0.40   166.36%   -52.95% 28-Feb-2011 0.71 2.09 73.09 0.58 1.37% 0.00% 28-Apr-2011 0.70 2.06 72.07 0.57 1.39% 0.00%
31-May-2011 27-Jan-2011 30-Nov-2010 2 120,561 -4,229 -3,140 -3,175 - 237,112 - % -2.60% -1.34% 194,354 62.03 18.27 -1.86 -0.48 0.00 0.00 1.2200 0.36   -155.84%   -192.84% 30-Nov-2010 0.69 1.11 -42.24 0.57 -2.37% 0.00% 27-Jan-2011 0.80 1.29 -48.97 0.66 -2.04% 0.00%
31-May-2011 28-Oct-2010 31-Aug-2010 1 82,633 7,703 5,707 5,686 - 117,955 - % 6.91% 4.82% 117,955 70.05 12.52 4.82 0.86 0.00 0.00 1.0000 0.18   59.58%   60.17% 30-Aug-2010 0.81 1.16 16.80 0.81 5.95% 0.00% 28-Oct-2010 0.72 1.03 14.94 0.72 6.70% 0.00%
31-May-2010 29-Jul-2010 31-May-2010 4 78,308 4,606 3,523 3,563 - 185,435 - % 4.50% 1.92% 118,111 66.30 11.86 2.86 0.54 0.00 0.00 1.5700 0.28   -20.43%   273.48% 31-May-2010 0.83 1.25 27.51 0.53 3.63% 0.00% 29-Jul-2010 0.95 1.43 31.49 0.61 3.18% 0.00%
31-May-2010 29-Apr-2010 28-Feb-2010 3 61,804 6,079 4,468 4,478 - 181,973 - % 7.23% 2.46% 118,164 52.30 9.36 3.65 0.68 0.00 0.00 1.5400 0.28   30.94%   317.70% 25-Feb-2010 0.94 1.80 24.80 0.61 4.03% 0.00% 29-Apr-2010 0.92 1.76 24.28 0.60 4.12% 0.00%
31-May-2010 28-Jan-2010 30-Nov-2009 2 62,374 4,907 3,501 3,420 - 177,030 - % 5.61% 1.93% 118,020 52.85 9.45 2.98 0.52 0.00 0.00 1.5000 0.27   -3.66%   82.50% 30-Nov-2009 0.80 1.51 27.61 0.53 3.62% 0.00% 28-Jan-2010 1.10 2.08 37.96 0.73 2.63% 0.00%
31-May-2010 29-Oct-2009 31-Aug-2009 1 58,410 4,077 2,981 3,550 - 118,159 - % 5.10% 3.00% 118,159 49.43 8.85 3.01 0.54 0.00 0.00 1.0000 0.18   272.12%   39.27% 28-Aug-2009 0.63 1.27 20.97 0.63 4.77% 0.00% 29-Oct-2009 0.64 1.29 21.30 0.64 4.69% 0.00%
31-May-2009 30-Jul-2009 31-May-2009 4 81,875 5,218 1,792 954 - 169,600 - % 2.19% 0.56% 117,777 69.52 12.41 0.81 0.14 0.00 0.00 1.4400 0.26   146.38%   -16.46% 29-May-2009 0.54 0.78 66.67 0.38 1.50% 0.00% 30-Jul-2009 0.64 0.92 79.01 0.44 1.27% 0.00%
31-May-2009 23-Apr-2009 28-Feb-2009 3 43,286 -2,652 -2,184 -2,057 - 169,052 - % -5.05% -1.22% 118,218 36.62 6.56 -1.74 -0.31 0.00 0.00 1.4300 0.26   -209.77%   -283.50% 27-Feb-2009 0.50 1.37 -28.74 0.35 -3.48% 0.00% 23-Apr-2009 0.57 1.56 -32.76 0.40 -3.05% 0.00%
31-May-2009 21-Jan-2009 30-Nov-2008 2 66,984 2,260 1,808 1,874 - 173,256 - % 2.70% 1.08% 117,861 56.83 10.15 1.59 0.28 0.00 0.00 1.4700 0.26   -26.48%   -20.93% 28-Nov-2008 0.52 0.91 32.70 0.35 3.06% 0.00% 21-Jan-2009 0.49 0.86 30.82 0.33 3.24% 0.00%
31-May-2009 31-Oct-2008 31-Aug-2008 1 52,956 3,766 2,530 2,549 - 172,293 - % 4.78% 1.48% 118,009 44.87 8.02 2.16 0.39 0.00 0.00 1.4600 0.26   123.20%   -23.22% 29-Aug-2008 0.71 1.58 32.87 0.49 3.04% 0.00% 31-Oct-2008 0.54 1.20 25.00 0.37 4.00% 0.00%
31-May-2008 29-Jul-2008 31-May-2008 4 61,121 2,122 1,059 1,142 2,943 169,534 257.73% 1.73% 0.67% 117,731 51.92 9.26 0.97 0.17 2.50 0.45 1.4400 0.26   1.87%   -59.68% 30-May-2008 0.78 1.50 80.41 0.54 1.24% 3.21% 29-Jul-2008 0.68 1.31 70.10 0.47 1.43% 3.68%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  37 people like this.
 
02/02/2018 14:01
HuatRex Sohai selling like making huge loss ccb noob company
02/02/2018 16:08
Malatlou Sohai stock, mitra let me earn more than this shit
02/02/2018 16:22
WarrBuff Lost more than 20% of its value.... Shit stock.... Regret selling half at 1.37.... should hv sold all. Gadang better rename to Cowdung
06/02/2018 15:10
HuatRex Agree. I shud have sold all also. Really a rubbish stock
06/02/2018 15:31
Wing23 sold all waiting at rm1 or below
06/02/2018 16:39
godhand Wing23 sold all waiting at rm1 or below

slowly wait
06/02/2018 16:59
aidwiz sold alll? already rebound ma late at 5pm
06/02/2018 17:00
Ricky Kiat DUMB DUMB HOLD...cheers..
06/02/2018 17:01
godhand usually i will buy warrant. but the mother so lan cheap buy also
06/02/2018 17:02
HuatRex Warrant drop like a piece of shit
06/02/2018 19:57
Lau333 There goes my hope for special dividend post Capital 21….. Buying land at Pontian, Johor.
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1032564
06/02/2018 22:32
jibbie sell off first. going down further tmw
07/02/2018 00:54
sosfinance Bought a piece of 78acres residential land (12 units per acre) connected to Second Link Highway and surrounded by Setia Eco Garden from Vincent Tan, for RM149m. Should be positive (strategic location). (although sentiment wise at the moment is not so positive, but most importantly, the location is good, hence, potential profits will be good.
07/02/2018 01:20
sosfinance The land they invested for Capital City, Johor, is only RM30m over 20 years ago, today, they get share of GDV of RM326m, a very respectable return.

Property has similarity like restaurants. Property is for location, restaurant is for taste, so it is very difficult to generalised the entire property sector industry. Just like some restaurants (also glut), some property developers are doing good, despite generally sentiment (due to overbuilt) is not good.

The critical issue here is the ability to sell. Good location (like good taste), normally will attract buyers (customers).
07/02/2018 09:56
Malatlou Hopeless stock. Sell call!
07/02/2018 11:50
Patrick13 Dun think Gadang will declare special dividend.
Instead, they will pay off the loan interest as soon as possible after interest rate hike announced last month.

Lau333 There goes my hope for special dividend post Capital 21….. Buying land at Pontian, Johor.
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1032564
06/02/2018 22:32
07/02/2018 13:15
fish88 what rational behind hoping for special dividend post capital 21 open? unless this project makes big money, isn't?
07/02/2018 14:17
Her Sin Stupid stock again,those big lots throw all get stabbed
07/02/2018 14:47
Flintstones Oh dear. The land acquisition makes business sense but shareholders may not like it
07/02/2018 15:24
Fabien Extraordinaire probably too much expectations had built in on sepcial dividends.
07/02/2018 15:31
Fabien Extraordinaire icon8888 may come up with another written piece?
07/02/2018 15:32
Takashi 经过多次被炒家捶残之后 这股已经没有味道了 好比一条化被黑人强暴
07/02/2018 15:33
Takashi 那幅地 种榴莲会更好吧!
07/02/2018 15:45
Flintstones One of the peril of investing in properties business is cash has to be reinvested to buy up more lands to keep business going
07/02/2018 19:42
lhoong To buy Johor land from tycoon Danny Tan's private firm for RM149m. Gadang Holdings is acquiring two parcels of freehold land totalling 78 acres in Pontian, Johor from GP Views Development SB — a private company owned by Tropicana Corp founder Tan Sri Danny Tan Chee Sing and his family — for RM149m cash. Gadang said the proposed acquisition is in line with its strategy to expand the revenue and earnings contribution from its property development segment. It added that the land comes with a master development layout approval, which will be procured by GP Views for residential development with the density of 12 units per acre.

MIEA positive on property market in 2018. The Malaysian Institute of Estate Agents (MIEA) is positive on the local property market despite the hike in the overnight policy rate (OPR), given the strong economic growth, low unemployment rate and young demographic. MIEA President, Eric Lim said the newly launched Digital Free Trade Zone, coupled with rising crude oil prices would be significant catalysts for economic growth, thus lifting the property market.
07/02/2018 21:54
didi2005 Gadang cash on hands around 200m++

Brought the land need 149m...

Long term properties is good, but not so fast can see return, at least need wait 1-2 years...
07/02/2018 22:20
Takashi 昔日光辉不在,昔日雄风难整
明日复明日,天天都在盼
07/02/2018 23:07
sosfinance Gadang is anticipating to receive huge cash inflow from Capital City. For manufacturing, it will expand the capacity by starting a new manufacturing line, so, it is very natural for property developer to increase capacity by buying new land banks.

Including this purchase, Gadang has bought about RM300m worth of land over a year plus + entered one or two JVs with land owners for property development, which has increase drastically its GDV, from perhaps RM3b to RM5b. Of course, depends on the scale, it may takes many years to develop. More importantly, Gadang is able to sell, on the pretext the location is in demand.

Unfortunately, sentiment towards property development is negative due to "glut" in a few segments like luxury condos, retails, offices, shoplots etc. For landed properties, demand is still positive.

After all, based on the plot of 78 acres purchased, they are only allow to build 12 units per acre, total of about 900 units. With a good location, demand should be there. Anyway, it takes time, its not immediate. (if we look at IJM Corp or Gamuda, both went into property development, and if you look into their past earnings, you will not be able to tell what is the property sector contributing. As long as it makes reasonable cash flow, it is a good business, although its tough. Even Scientex, a manufacturing company, did quite well in its property development foray).
07/02/2018 23:11
HuatRex Sosfinance, Is gadang still a good investment? The stock almost stagnant for year.
08/02/2018 02:10
jibbie article in theedgemarkets today. Buy TP RM1.69
08/02/2018 06:58
sosfinance If we still believe that long term, the market is a weighing machine, Gadang potential is good, both in value and growth (because the next 3 years average PAT is about RM130p.a or more., now is only RM100m).

FA does not tell you the direction of the stock price. Liquidity and sentiment will.

(Hap Seng Consolidated stagnant for 5-6 years (when it was around RM2), until the last 4 years, it went up 5x (from RM2 to RM10), not many can hold that long.
08/02/2018 07:41
jibbie i'll collect back when it drops to less than RM1. short term looks like going down
08/02/2018 08:46
Takashi 投资土地资源 是传统思维 守个3-5年 肯定有大回酬 我支持 我手上还有wb 650lot @0.556 之前有母股250lot125 买进1.37 卖了全部(0.88 也买到2017头)我的TP1.48gadang 可是如果在大选之前还没有拿到大projek 价钱是肯定不会up 目前指数点都很高很多股价都跌到在1600点之前价位 以我之见我对这股已经失去信心(新的管理层 没有信心 ) 投资是以长期为主 j建筑是属于周期性 低买高卖 有得罪的请见谅
08/02/2018 11:06
Fabien Extraordinaire it depends on ur investment objective dictating your strategies and horizon.

property market is at downcycle, u would not see big contribution at this moment, or even next 1-2 years.

u can buy some for long term exposure, but if ur strategy to buy for immediate catalyst that will crystalise say 1 year, then that's a different story
08/02/2018 16:23
Fabien Extraordinaire investors probably freaked out by the RM149mil cash purchase wiping out their cash holding substantially
08/02/2018 16:30
sosfinance I hope investors will not get freaked out if they receive about RM220m in the next 2 years from Capital City.

Came out in the Edge Daily, the Johor Land GDV is about RM550m, or RM560k per unit, slightly lower than Setia Eco (selling at RM600k) seems reasonable. After all, it is a landed properties, hopefully demand is not too bad.
08/02/2018 18:11
limch Pulai land bought from Tropicana boss Danny Tan-Focus.
09/02/2018 09:35
sosfinance Expected completion by June 2019, one and a half year from now.
09/02/2018 09:58
SuperNajib haha stupid no sell all just wait below 1 to collect! 1.01 bought abit yummy
09/02/2018 10:57
Malatlou Please collect more and throw at lower price! Stupid harryteo over promote counter
09/02/2018 15:52
pc_FA http://www.bursamalaysia.com/market/listed-companies/company-announcements/5688893
09/02/2018 18:21
sosfinance Interesting disclosure on Gadang:

1) CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD - 23,210,500 shares
2) CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FD BD (PHEIM) - 4,461,400 shares
3) CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FD BD(TEMPLETON) - 2,413,350 shares
4) CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLYS PRVNT FD BD(RHBISLAMIC)IC - 10,584,400 shares
5) CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLYS PRVNT FD BD(F.TEMISLAMIC) IC - 4,113,300 shares

2017 - EPF gave 6.9%
2018 - Hopefully higher
11/02/2018 10:25
HuatRex Please don't disappoint us gadang
11/02/2018 15:54
investor88 Hmm. Something is brewing that EPF has been accumulating shares and never disposed for quite some times. Maybe there will be good news coming soon for Gadang ???

The only link between Gadang and EPF would be the Kwasa Land deal.Hopefully they can announce some good news to the market soon !!
11/02/2018 20:22
HuatRex Don't announce now. Market like shit
11/02/2018 21:58
cg123 Big institutions buying, index green but this counter moving backwards.. Really bolat
12/02/2018 12:02
Jarklp Haha., I was curious why they hold so much cash after the quarterly report. At least now they make a better use of the RM200m cash to purchase land.
12/02/2018 21:20
sosfinance Growth only add value when ROIC > COC. Focus on its capital allocation, make an estimates between its ROIC vs COC on its RM149 million investment. Was told the GDV is RM550 million.
15/02/2018 14:35
牛角胜tanduklembu Takashi 不要失望,Project 来了,hold hold hold。100%
21/02/2018 18:11