 | Stock: [GADANG]: GADANG HOLDINGS BHD Nov 7, 2016 9:31 PM | Report Abuse I don't think Mr Koon is a terrible man. He is just suffering a typical dose of seller's remorse. I suspect he will be back at Gadang with a vengeance . |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 7, 2016 9:23 PM | Report Abuse @ hng33, you nailed it !! And now is the best time for him to buy because of the shares going ex and that management is motivated to suppress the shares for the 1 week weighted average.
This is good news because the warrants exercise price is going to be filthy cheap. |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 7, 2016 9:05 PM | Report Abuse Koon Yew Yin is not a simple man..in his heart, he may wanna buy even more. From both his articles, he is very impressed with what Gadang has achieved with the property division such as winning the KwasaLand deal and Laman View JV. Recall that he himself states he is confident that Gadang, being an experienced contractor, can secure a few more projects. That was written clearly in his first article after the AGM. Then, yesterday, he threw a spanner into the work and wrote that he decided to dispose because he is not confident that Gadang can maintain the profit this year FY2017 as compared to FY2016.
Well, during the AGM, management has reiterated that the profit this year FY2017 will not be worst than FY2016. This is further echoed in The Edge publication. Indeed, if you attend the AGM last year FY2015, it was mentioned that both FY2017 and FY2016 will be better than FY2015. In addition, market is expecting Gadang to win the MRT 2 package.
So, the question is :
(1): who do you believe ? Gadang's management or Mr Koon ?
(2): if Mr Koon 'S objective is cause panic sale, he has achieved his objective. He maybe quietly collecting now. Indeed, this is the best time to collect now to get the bonus warrants and bonus shares. Don't forget, Mr Koon did praise Gadang for a few times in his article. Maybe Mr Koon wants to buy more and purposely capitalise on the poor Q1 results to cause panic ??
Whatever it is , please recap on Gadang's fundamentals. It is a conglomerate with all the seeds for future growth being firmly planted . |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 7, 2016 2:49 PM | Report Abuse Why the F*** it is dropping like bird shit for no good reason ?? |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 7, 2016 12:36 PM | Report Abuse mmm....why today Gadang drop suddenly??? i thought dividend ex-date is tomorrow?? |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 6, 2016 11:05 PM | Report Abuse About Mr Koon's change in his disposition...Mr Koon likes the long term growth story for Gadang but then, he is not satisfied that current (and future quarters ) EPS may not be better than prior FY2016. However, management's assurance that FY2017's profit may not be worst than FY2016 is sufficient for me. |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 6, 2016 8:28 PM | Report Abuse Let me share with you my personal experience. I made losses in another counter known as GOB, a company linked to Tan Sri Desmond Lim. The phariah company goreng the shares until RM1.16 and then, let it crash. Thereafter, the company made a cash call at RM 0.50. Now, the company has sold its Batu Kawan land (crown jewel) at RM40 per square feet. That piece of land is "Wong Kam Tei"/ Golden land and is located at the exit of Penang Second link. Batu Kawan will be Penang's first mega city. EcoWorld, Paramount , Mah Sing and numerous other big boys have huge landbank at Batu Kawan . To sell this golden land at RM40 per sqf and making a gain of only RM10 per sqf (book value is RM30/per sqf) a huge insult to the shareholders especially after you have made a cash call. Furthermore, quarter in and quarter out , GOB is making huge losses. Now, the share price is languishing at RM0.30.
so, who should I blame ? I learnt alot from GOB even though it is a bitter pill to swallow. No one likes to cut losses. That is why i never got excited about WCT due to the fact that you can never make a good partnership with a crook. GOB is linked to Tan Sri and the way he destroys shareholders wealth does not make me feel excited over WCT.
also, i learn one very important lesson, that is the entry price is very important - it must be low enough to hedge against three things :
- incompetent or dishonest management,
- getting the future growth prospects wrong, and
- wrong valuation at current market price .
I am happy to report that despite rolling the losses for GOB into Gadang, overall, my entry price is still very low and I am still making profit at the current market price . and the good news is that post share split, bonus issue and bonus warrants, the overall cost will drop and it will provide me an even larger margin of safety.
So, if you can get these three things right and coupled with a low entry price, you have already won 80% of the investors out there.
Just my 2 cents take. With GST, it should be 1.2 cents take. |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 6, 2016 8:03 PM | Report Abuse @klee, pisang goreng sifu have bought Gadang since it was below RM2....no matter what, even if he sells now (before bonus issue and share split and bonus warrants), he is making huge money dee.....at the end of the day, nobody can ask you to buy or sell . the decision is ultimately up to you. At the recently concluded AGM, the directors have mentioned that Gadang is for the long term. If you buy at current price, you window to sell should be at the end of FY2017 or 2018. Your money, your call. Don't resort to private attacks. This is what losers do. |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 6, 2016 12:27 PM | Report Abuse Earnings* |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 6, 2016 12:26 PM | Report Abuse Actually , if you wanna know whether ColdEye have sold his holdings, a simple check at SSM for the top 30 shareholders will solve this question . when ColdEye mention Gadang is fully valued, then, Gadang is fully valued relative to what ?? Gadang will experience another warning jump towards the end of FY2017... |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 6, 2016 7:52 AM | Report Abuse Personally, I view the big selloff whereby the price drops until RM2.80 as a good sign. Gadang was rising rapidly for the past few months and this sell off will relieve the pressure build up in the price. By now, all the weak holders will be flushed out. Now, we have got a strong support line at RM2.80 and just waiting to scale a new "sustainable" peak.
If you buy in at RM2.80, the most important thing to ask is whether the company can sustain it's growth momentum ? For me, growth will come in from utilities and properties - especially properties-!! It is important to view Gadang as a consortium and not just a pure construction outfit . |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 6, 2016 7:24 AM | Report Abuse Gadang's remaining order book stands at $600M ++ which is sufficient to last for FY2017. Management has shared via the AGM + The Edge they are bidding for $5.2B worth of projects. The most important thing is quality (versus quantity). Management has reiterated over and over again they are very selective with their bidding - their bid price is always at a premium (in exchange for quality) because they need to safeguard their margin. They will not bid just for the sake of replenishing their order books.
By the way, future winnings for Penggerang + MRT2 + LRT will definitely yield higher margins than present. THis is for sure!!! This is because management does not need to go through all the steep learning curve (i.e.; draw from previous experience) and all the machinery, labor and equipment is at the site.
Their ability to be selective is a strong testament to their strength. Given their
- huge cash resources - about $300M cash,
- strong and sound balance sheet,
- other divisions such as property and utilities,
they can afford to be hyper selective and choose high margin projects.
An example is like WCT. Felicity recently wrote that even WCT is better than Gadang. No offense. But now, what happens to WCT? Even though it has an order book of $2.xxB, their balance sheet carries $2.xxB worth of debt. At the end, the founders sell their stake to Desmond Lim. WHo is going to suffer at the end of the day? It is the minority shareholders like you and me.
For me, the story line for Gadang remains intact.
- 7 cents dividend,
- share split + warrants + bonus issue,
- winning of more construction contracts (another area that Gadang is looking into is becoming the preferred contractor for hospital),
- material contribution from utility segment @ FY2017 (40% margin),
and the main backbone for this all comes from Capital City whereby Gadang earns pure profit~!!
And above all, we got an assurance from management that FY2017's results will at least be as good as FY2016. The story line is all set and like what BlueFun mentions in his article...."just waiting for the North wind"... |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 6, 2016 6:55 AM | Report Abuse @ bluefun, nice article...hahaha - the AGM gift is a nice surprise...a DIY toolset...my friend told me - it is good quality leh... |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 3, 2016 7:24 PM | Report Abuse @ Cold Investor, even in The Edge article, they are trying to imply the same thing that this year's profit should be as good as last year....
Kok Pei Long was being smart....she mentioned along the line ....that this year's profit should not be worst off than last year ....have to read between the lines abit ....
I don't think I have heard wrongly because I sat right in front ...just two rows behind the corporate bigwigs from THB investment bank and Crowth Howard external auditors |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 3, 2016 7:19 PM | Report Abuse @ cold investor, both the father (Kok Onn) and the daughter (Kok Pei Long) mentions that the profit this year will at least be as good as last year ....this answer came after Mr Koon recommend that the board should window dress their Q1 financials. |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 3, 2016 7:16 PM | Report Abuse I remember the times when Gadang was at RM1.50, ...apini, pisang goreng , SJSoon, icon8888 and bluefun are here to support Gadang...it was a time when great and logical ideas are discussed and there is not much personal attack ....I missed those times when Gadang forum is a platform for healthy and intelligent cross fertilisation of ideas ....then, we have TKSW frog jumping in and out from RM1.80 until RM3.30....now, we have a bunch of newcomers .....let us see how long everyone will last at this forum ...heheheh.... |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 3, 2016 7:13 PM | Report Abuse Just dish out RM200/- and attend the AGM and address any concerns with the directors ...it is better than taking advice from the forumers..... |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 3, 2016 7:10 PM | Report Abuse The moral of the story is that th
"He who buys cheap fears no fall"... Despite Gadang falling until RM2.80, yet my margin of safety still guarantees a healthy profit. Now is just waiting until share split and bonus shares and bonus warrants. The reason to hold remains intact for the next one year. |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 3, 2016 7:05 PM | Report Abuse Just attended the AGM thus morning and according to Ms Kok Pei Ling, the profit for this year will at least match last year ...the reason for poorer profit for Q117 is mainly due to stage of recognition of construction contracts...next quarter , we should be able to see better profits ... |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Nov 3, 2016 6:56 PM | Report Abuse Just attended the AGM ...just one word...SAI LANG!!...it is mentioned that the performance for this year will be at least as good as last year !!! |
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| Stock: [GOB]: GLOBAL ORIENTAL BHD Nov 3, 2016 6:42 PM | Report Abuse Hopeless company with phariah management making a mockery of corporate governance ....... Only know how to do cash call....and then dispose Batu Kawan land for pittance on the dollar....sort of launder monies via setting up a few fronts known as F&B business and make it lose money and destroy shareholder's wealth....thank God..I cashed out everything at RM0.60...
Just an advise...don't ever believe in Desmond Lim and all the companies linked to him ....avoid like a plague...I am not touching WCT even with a 10 feet pole...
Beware Desmond Lim counters...enough said |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD May 27, 2016 8:44 AM | Report Abuse Despite many laughing at SYMLife, at least they declare a 2cents dividend. FY17 is going to be a good year for SymLife when their RM800M unbilled sales kick in... |
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| Stock: [GOB]: GLOBAL ORIENTAL BHD May 27, 2016 8:44 AM | Report Abuse ~ this counter makes a mockery of corporate governance ~
my worst mistake in my investment career...sold all and buy into Tambun Indah, CCB, SymLife and Gadang...
very simple thing - Dividend - since last AGM ((@ Sept'15 until now, there are promises made to pay dividends but until today, these promises are not kept)).
Despite many laughing at SYMLife, at least they declare a 2cents dividend. FY17 is going to be a good year for SymLife when their RM800M unbilled sales kick in... |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 24, 2016 1:50 PM | Report Abuse @ paperplane , high inflation and stagnant wages affects all industries ...not just automobile. I believe your investment banking industry is hit by this as well. So, why are you still working ? |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 22, 2016 3:27 PM | Report Abuse CCB has ceased its psychotic behaviour of dropping after releasing the quarterly results. |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 21, 2016 2:29 PM | Report Abuse @ Dompeilee...adui....i am the dude who shoke hands with the PwC audit director (seated at the front row - in office suit)...by the way - i wore a blue Polo T that day...not black. |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 21, 2016 12:12 PM | Report Abuse Anything that is good for Jardine is good for us... |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 21, 2016 12:04 PM | Report Abuse @ dompeilee...you got the wrong dude...I was not wearing dark polo T. |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Apr 20, 2016 5:51 PM | Report Abuse see....what i say???!!!!! |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Apr 20, 2016 10:42 AM | Report Abuse Adui...trust me....after PP, you can no longer get this price at RM1.95...grab now when people press... |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Apr 20, 2016 7:40 AM | Report Abuse Take this as an opportunity to buy more!
The basis of this private placement is probably engineered to enable institutional investors to accumulate more shares. That is why they do not use the intrinsic value of the company but rather NTA. NTA will always show a value than intrinsic value.
As mentioned earlier, private placement got dick shit to do with intrinsic value of the company. Place yourself in the shoes of the institutional investors. Probably, during a "Teh tarik" session with Tan Sri Kok Onn, the you (institutional investors) and Kok Onn has come up with a predetermined funding number = X.
Hence, you want to achieve X with the maximum number of shares. This means that you want to be alloted with more shares than with less shares. With more shares , this will benefit you in terms of dividends and any future Capital management exercise such as warrants and bonus.
So, to achieve an X level of funding , this is P price x Q quantity.
You want to have more quantities and not less.
We cannot compare this private placement with Air Asia because Air Asia is a private placement with the owners . it constitutes a different dynamic.
Honestly, if I got the funds, I will sapu more at this price since someone will press it even lower . |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 19, 2016 8:04 PM | Report Abuse Hi SuperMan99,
I will share with you what I found out from the AGM today. Give me the weekend to type it out and email it to you. Damn....cannot believe ii....i met my ex- PwC audit manager today . He is doing the audit for CCB. What a small world.... |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 19, 2016 8:20 AM | Report Abuse KLIA express to the city is so damn expensive ...RM55 one way. The last time was at RM35...bloody hell......long life NAJIS!!! |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 19, 2016 8:19 AM | Report Abuse KLIA express to the city is so damn expensive ...RM55 one way. The last time was at RM35...bloody hell......long life NAJIS!!! |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Apr 18, 2016 4:54 PM | Report Abuse bad counter - move on~!! |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Apr 15, 2016 3:22 PM | Report Abuse this one....really tekan like crazy~! |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 15, 2016 7:40 AM | Report Abuse Hi Superman99, let us discuss this via email . |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 14, 2016 5:37 PM | Report Abuse @ Superman 99, i am attending the AGM. Please list the questions that you wanna ask and i will ask on your behalf. |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 14, 2016 12:29 PM | Report Abuse @ Alvin Kua , I agree with your assessment - that SymLife is an undervalued company. Land is the new currency now. |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 14, 2016 12:27 PM | Report Abuse Hi Superman88, how is the sales for Merz for Mar'16 ? |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 13, 2016 2:21 PM | Report Abuse bila nak naik? |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 13, 2016 1:07 PM | Report Abuse @ Alvinkua, my main concern for Symlife is the quality of deliverables. Their Star Resi should not be affected since Samsung is the main con. But their other projects like The Wharf has a bad reputation for poor quality. What is your opinion? |
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| Stock: [TAMBUN]: TAMBUN INDAH LAND BHD Apr 13, 2016 1:02 PM | Report Abuse actually, not concerned about the property slow down for Tambun. This counter is for keeps - cannot trade... |
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| Stock: [TAMBUN]: TAMBUN INDAH LAND BHD Apr 13, 2016 10:51 AM | Report Abuse @ Hulk, what do you think of the potential dilution in EPS? Tambun keeps on converting warrants to shares, diluting the EPS. |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 13, 2016 10:50 AM | Report Abuse @ AlvinKua, what is your opinion about this stock? i see that you also invested in good stocks like Gadang...hence, please share your research about this stock. |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 12, 2016 12:53 PM | Report Abuse Forgot to mention about the 5 storey block of retail units. Already 80% sold. Once the Tower 2 is 100% sold, Star Resi already past the danger stage. FY2017 onwards will mark the change of fortune for SymLife once the 700M unbilled sales kick in. |
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| Stock: [SYMLIFE]: SYMPHONY LIFE BHD Apr 11, 2016 10:35 PM | Report Abuse It is about RM550 psf. Now, Tower 2 is about 30% sold. Symlife will break even after selling off Gower 2. Big profit margin here... |
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| Stock: [CCB]: CYCLE & CARRIAGE BINTANG BHD Apr 8, 2016 3:52 PM | Report Abuse That is worldwide lar...how about Malaysia ? |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Apr 7, 2016 8:49 PM | Report Abuse sorry - i don't have a crystal ball to answer your question ~! if i have one, i certainly won't spend my time at i3. |
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| Stock: [GADANG]: GADANG HOLDINGS BHD Apr 7, 2016 5:03 PM | Report Abuse @ TKSW - you only lose if you sell...but if you decide to hold long long...each price correction is the opportunity to accumulate. |
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