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南洋行家论股

Author: Tan KW   |   Latest post: Thu, 26 Nov 2020, 11:00 PM

 

【行家论股/视频】嘉登 最新业绩超出预测

Author:   |    Publish date:



https://youtu.be/1YyQyVK9O3g

分析:达证券

目标价:33仙

最新进展

建筑业务恢复盈利,激励嘉登(GADANG,9261,主板建筑股)2020财年末季转盈,净赚40万4000令吉,并宣布派息1仙。  

末季营业额1亿1559万5000令吉,年跌37.42%,归咎于建筑和产业业务下跌。 

全年营业额6亿7305万6000令吉,年跌2.13%,全年净利年跌18.01%至3612万5000令吉。 

 

行家建议

若剔除投资股票证券的640万令吉公允值损失,嘉登全年核心净利实为4250万令吉。

这符合市场的预测,但超越我们的预期,分别占全年预测的103.4%和112.1%,主要是因为产业业务的贡献比预期大。

我们维持2021和2022财年的盈利预估,并预测2023财年会净赚4660万令吉,按年增长10%。

未完成建筑订单从8亿8700万令吉,稍微减少至8亿7500万令吉,相等于2020财年1.8倍的建筑业务营收,可支撑未来2年的盈利展望。

产业业务方面,末季未入账销售从1亿780万令吉,大跌至6210万令吉,全年录得1亿5300万令吉产业销售,高于上财年的1亿6300万令吉。

虽然建筑工程已经开始复工,但是在低于营运效率的水平运作,因为需遵守阻断冠病的标准作业程序。

我们维持“卖出”评级,及33仙目标价。

 

 

https://www.enanyang.my/行家论股/【行家论股视频】嘉登-最新业绩超出预测

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Labels: GADANG

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Chart Stock Name Last Change Volume 
GADANG 0.405 +0.005 (1.25%) 1,024,500 

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