Gadang get a lot small parcels from IJM. What do you mean bro ? You mean if IJM wins big contracts, they will farm out some small kacanh putih jobs to Gadang ? What is your basis on making this statement ?
By the way, HSR is too far away...more practical to look at Bayan Lepas LRT, LRT3 and MRT3.
Right now, the RTS project faces prolongation costs - expected to be completed in 2024 but delayed to 2026. Dunno whether Gadang can claim these costs or not.
gadang at least start positive and making money for 2 QR, much better than other construction counter , as long as making profit , sharing price will sustain
Data Centre here, Data Centre there. Data Centres are booming in Malaysia. Gadang got 280 million contract to build a Data Centre in Cyberjaya from TM.
Gadang is in hot soup as EPU is throwing the spanner in the works for it's prime jewel property development - Kwasa Damansara land purchase deal. Chances are - they need to satisfy the 30% Bumi requirement meaning lesser profit for its property division.
announced data centre contract but muted price movement... in fact, looking at the chart, price peaked before the announcement... 😑 see retail investors see the news already too late.. sigh.
Good QTR results ?! Don't make me laugh leh...construction division is still making losses. Profit is attributable to interest income arising from Receivables. But whether the receivables can convert to cash is questionable.
Good QTR results ?! Don't make me laugh leh...construction division is still making losses. Profit is attributable to interest income arising from Receivables. Higher interest implies longer aging. Longer aged receivables implies higher risk of collectables. Whether the receivables can convert to cash is questionable.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
speakup
25,219 posts
Posted by speakup > 2024-01-29 12:42 | Report Abuse
Gadang get a lot small parcels from Ijm. If Ijm consortium get HSR, dah pasti Gadang get something