KLSE (MYR): GADANG (9261)
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Last Price
0.41
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
Market Cap
299 Million
NOSH
728 Million
Latest Quarter
29-Feb-2024 [#3]
Announcement Date
22-Apr-2024
Next Quarter
31-May-2024
Est. Ann. Date
28-Jul-2024
Est. Ann. Due Date
30-Jul-2024
QoQ | YoY
361.88% | 230.46%
Revenue | NP to SH
547,023.000 | -13,626.000
RPS | P/RPS
75.13 Cent | 0.55
EPS | P/E | EY
-1.87 Cent | -21.91 | -4.56%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
1.10 | 0.37
QoQ | YoY
45.62% | -137.1%
NP Margin | ROE
-5.23% | -1.70%
F.Y. | Ann. Date
29-Feb-2024 | 22-Apr-2024
Latest Audited Result
31-May-2023
Announcement Date
11-Oct-2023
Next Audited Result
31-May-2024
Est. Ann. Date
11-Oct-2024
Est. Ann. Due Date
27-Nov-2024
Revenue | NP to SH
496,073.000 | -29,325.000
RPS | P/RPS
68.14 Cent | 0.60
EPS | P/E | EY
-4.03 Cent | -10.18 | -9.82%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
1.09 | 0.38
YoY
-170.58%
NP Margin | ROE
-8.30% | -3.70%
F.Y. | Ann. Date
31-May-2023 | 28-Jul-2023
Revenue | NP to SH
577,429.333 | 18,773.333
RPS | P/RPS
79.31 Cent | 0.52
EPS | P/E | EY
2.57 Cent | 15.90 | 6.29%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
23.36% | 969.67%
NP Margin | ROE
2.71% | 2.34%
F.Y. | Ann. Date
29-Feb-2024 | 22-Apr-2024
Trailing 4 Quarters | Trailing 8 Quarters | |||
---|---|---|---|---|
Available Quarters | 4 Quarters | 8 Quarters | ||
Continuous Quarters Of Revenue Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
Total Positive Profit Years | 3 / 4 | 75.00% | 5 / 8 | 62.50% |
Continuous Quarters Of Positive Profit | 3 / 4 | 75.00% | 3 / 8 | 37.50% |
Continuous Quarters Of Profit Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
Continuous Quarters Of Adjusted EPS Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
Total Dividend Years | 0 / 4 | 0.00% | 1 / 8 | 13.00% |
Continuous Quarters Of Dividend | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
Continuous Quarters Of Dividend Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
Continuous Quarters Of Adjusted Dps Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
Average ROE | -0.43% | -0.30% | ||
Average Net Profit Margin | -6.69% | -3.81% |
Last 5 Financial Years | Last 10 Financial Years | |||
---|---|---|---|---|
Available Years | 5 Years | 10 Years | ||
Continuous Quarters Of Revenue Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
Total Positive Profit Years | 4 / 5 | 80.00% | 9 / 10 | 90.00% |
Continuous Quarters Of Positive Profit | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
Continuous Quarters Of Profit Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
Continuous Quarters Of Adjusted EPS Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
Total Dividend Years | 4 / 5 | 80.00% | 9 / 10 | 90.00% |
Continuous Quarters Of Dividend | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
Continuous Quarters Of Dividend Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
Continuous Quarters Of Adjusted Dps Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
Average ROE | 2.58% | 12.29% | ||
Average Net Profit Margin | 2.36% | 7.89% |
T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
---|---|---|---|---|---|
Revenue | 547,023 | 577,429 | 496,073 | 603,873 | 619,153 |
NP to SH | -13,626 | 18,773 | -29,325 | 49,519 | 20,417 |
Dividend | 0 | 0 | 0 | 9,657 | 4,495 |
Adjusted EPS | -1.87 | 2.57 | -4.03 | 6.80 | 2.80 |
Adjusted DPS | 0.00 | 0.00 | 0.00 | 1.33 | 0.62 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
---|---|---|---|---|---|
Revenue | -13.11% | 13.85% | 13.33% | 3.22% | 5.80% |
NP to Owner | 361.88% | 230.46% | 969.67% | 289.96% | 367.22% |
Dividend | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Adjusted EPS | 368.42% | 230.88% | 977.27% | 289.36% | 366.67% |
Adjusted DPS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 10.27% | -11.65% | -9.41% | 16.40% | -6.74% | -4.38% | -23.91% | -19.88% | -17.85% |
NP to Owner | 53.53% | -166.74% | -127.52% | 164.02% | -8.05% | -62.09% | -170.58% | -243.63% | -159.22% |
Dividend | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Adjusted EPS | 53.60% | -166.68% | -127.49% | 163.77% | -8.36% | -62.22% | -170.58% | -243.70% | -159.25% |
Adjusted DPS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
Alot gonna hinge on this upcoming QTR result - supposed to be released either today Wednesday or this Friday.
2024-01-24 12:45
I hope Gadang gets its footing. When local contractors are trying to tie up with Chinese contractors firm as Gadang would fall back. It's time for Govt to step in and have a new ruling for local firms. Govt must protect the local participation, otherwise matilah.
2024-01-24 12:51
Susah la gadang someone is pressing the price long time ago, when other construction up , gadang up little bit but other construction drop gadang drop more
2024-01-24 16:33
They need to finished building that ERCL contract that they entered during 2020 MCO time
2024-01-24 20:50
Review
Stripping off some one-off items of RM0.2mn, GADANG’s 1HFY24 registered lower core earnings of RM7.8mn (-6.9% YoY), which was disappointing as it accounted for only 36.6% of our full-year projection. The negative variance was mainly underpinned by: (i) slower-thanexpected work progress for certain projects, and (ii) higher operating expenses in the construction and utilities divisions.
YoY, 1HFY24 topline increased 13.1% to RM291.9mn, thanks to higher sales recorded and improved work progress in the property division. However, its core PBT plunged by 7.7% YoY to RM12.7mn due to higher operating costs for its 9MW mini-hydro power plant and margin erosion in the construction division caused by higher raw material and labour costs.
QoQ, the 2QFY24’s revenue jumped 25.5% to RM162.4mn, largely driven by: (i) higher construction work progress, (ii) improved property sales, and (iii) the commencement of commercial operation of the 9MW minihydro power plant. Despite this growth, the core PBT was halved down to RM4mn, compared to RM8.7mn in 1QFY24, due to escalating operating costs incurred in both construction and utilities divisions.
Impact
Considering the weaker-than-expected results, we adjusted our revenue recognition and margin assumptions for certain ongoing projects. Consequently, our earnings forecasts for FY24-26F are revised downward by 20.7%/15.9%/12.0%, respectively, reflecting the challenging operating conditions.
Outlook
As of end-Nov 2023, the group’s construction order book and unbilled property sales stood at RM1.1bn and RM280mn, respectively, providing a clear earnings prospect for the group over the next two years. Additionally, the property division anticipates a better sales contribution in the upcoming quarters, supported by compelling sales package incentives.
Valuation
Following the earnings revision, we lower our TP to RM0.23 (from RM0.28) based on the SOP valuation. Maintain Sell call due to the stretched valuation.
2024-01-26 14:25
This stock let me remind of then stock market guru - ty yap aka condom seller . A lot of followers fall into deep shit due to buy call of this guru
2024-01-26 17:55
Gadang get a lot small parcels from Ijm. If Ijm consortium get HSR, dah pasti Gadang get something
2024-01-29 12:42
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.
2024-01-29 15:26
GADANG need a big govt project desperately , if not , hardly to stand 40c abv ,
2024-01-30 22:58
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.
2024-01-31 06:35
After seeing loss making construction counters like ECONBHD & EKOVEST, Gadang looks not so bad.
1 month ago
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
1 month ago
After large construction counters moving upward, smaller players like ECONBHD, GDB, SENDAI... all fly today. Hope next will be Gadang's turn.
1 month ago
Once the train leaves the station, then you will regret for the rest of your life
1 month ago
GADANG needs some data ctr related projects (eg. cables laying, solar epcc) to get the catalyst
1 month ago
That cina man boss won't bid for private projects...only gomen projects. No collection problem. Wait for the catalyst MRT3, LRT3, Penang LRT....
1 month ago
No one talked about Gadang received in Dec 2023 the 40 mil payment from Capital City Property Sdn Bhd (“CCPSB”) before due date (2025).....
1 month ago
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.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3441825
1 week ago
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.
1 week ago
Higher interest accumulation on its trade receivables. Meaning trade AR is aged longer ? Any payment issue .?
1 week ago
Someone is pressing the price, good news also cannot go up. Throw it byebye
1 week ago
Join me buy Tambun biscuits bro...Gadang will shine towards end of CY24...when RTS Johor makes meaningful progress ..
1 week ago
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.
1 week ago
share price start to pick up after slept and quiet for 2 years , with kwasa land and good quarter result , hope to see gadang back 40c abovee
1 week ago
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.
5 days ago
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.
5 days ago
Smart Beginners
Already sleep 4 year still got hope?
2024-01-24 09:24