KLSE: GSB (7077)       GSB GROUP BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.175   0.00 (0.00%)  0.175 - 0.18  235,000
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Market Cap: 97 Million
NOSH: 552 Million
Avg Volume (4 weeks):322,541
4 Weeks Range:0.175 - 0.185
4 Weeks Price Volatility (%):
52 Weeks Range:0.135 - 0.225
52 Weeks Price Volatility (%):
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#1]  |  28-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  27-Nov-2019
T4Q P/E | EY: -100.92  |  -0.99%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.1012  |  1.73
T4Q NP Margin | ROE: -3.40%  |  -1.71%


Date Subject
13-Aug-2019 PublicInvest Research Headlines - 13 Aug 2019
13-Aug-2019 Mplus Market Pulse - 13 Aug 2019
10-Jun-2019 Trading Stocks - GSB Group
12-Mar-2019 Technical Buy: GSB (7077)

Business Background

GSB Group Bhd is an investment holding company. It is engaged in property development of residential and commercial properties and manufacturing and replication of optical discs. The Property development segment engages in property development. Its products include residential landed properties, serviced apartments, and commercial properties. The Manufacturing segment includes manufacturing activity of optical discs such as Digital Versatile Disc (DVD), Audio Compact Disc (ACD), Video Compact Disc (VCD) and CD-ROM. It operates its business in Malaysia.
Analyze this stock with MQ Trader system

  6 people like this.
nckcm Dont know if still can enter ... didnt see the news too late
04/03/2019 7:27 PM
calvinteo Can refer to tonite China press business news too.
04/03/2019 11:37 PM
Nicholasming91 I think they wanna buy the company... since kerjaya so rich , tomorrow may up again. Boss still have 50mil share in hand
05/03/2019 12:15 AM
commonsense This is a pure speculative stock given that the company’s 9m19 result is a loss of around RM4.5mil. The recent increase of the stock price can be mainly attributed to the Edge Weekly report which indicated the possibility of Datuk Tee Eng Ho (major shareholder of Kerjaya Prospek) doing an RTO on GSB to create a new property development vehicle for his family (Kerjaya will focus mainly on construction). In the article, The Edge used a price example of 20 sens as reference for the potential RTO. All this speculation comes from the previous MGO offer by Datuk Tee back in May 2018.

However, investors need to take note that the previous MGO offer was only at 13 sens of which Javawana (Datuk Tee investment vehicle) did not increase the offer price when it failed to get the acceptance of the other shareholders mainly due to the sudden increase in the share price to a high of 25.5 sens.

The last transaction made by Javawana was back in 4th Dec 18 when it acquires an additional 10.5mil shares at 15 sens to bring its equity holding in GSB to 40.82% (a 0.1% increase). This was the only transaction made post the failed MGO.

If you are looking to diversify your portfolio outside of GSB (due to its speculative nature), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.1x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.0x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.
06/03/2019 6:25 AM
Icon8888 This stock I have

As a property play backed by kerjaya boss

Maybe one day he injects assets

But you are entitled to your opinion

No worry

: )
06/03/2019 6:30 AM
deMusangking tks for the free starbucks, Miss GSB!
11/03/2019 10:18 AM
deMusangking musang bot at 0.22? and at 0.20, he got free starbucks!!!!!!
11/03/2019 10:24 AM
MrFox wow, small eat big at 0.205!!!!!!!!!!!!!!!!!!!!!!!!
11/03/2019 4:18 PM
MrFox wow, small eat big at 0.21!!!!!!!!!!!!!!!!!!!!!!!!
11/03/2019 4:20 PM
ongkeatsoon bought 0.195c ok?
13/03/2019 3:28 PM
nckcm Buy back at 0.185 also boleh
13/03/2019 3:43 PM
BMan From the recent announcement re the sale of the Bentong projects: For information purposes, the Board is in the midst of identifying viable and strategic landbanks and/or property development projects to sustain and/or improve the financial performance of GSB Group. For avoidance of doubt, no specific assets have been identified at this juncture. The Company will make the requisite announcement(s) in relation to any future corporate proposals in compliance with the Listing Requirements.
18/03/2019 11:18 AM
BMan Would interpret this as code that there will eventually be some kind of injection...
18/03/2019 11:20 AM
nckcm Injection from kerjaya. But not yet
18/03/2019 11:24 AM
calvintaneng Hi guys

Gsb was only 9 sen when Calvin recommended it

Don't listen to what Calvin say or whoever say


24/03/2019 11:20 PM
2323 rocket coming soon.....
29/03/2019 1:36 PM
calvintaneng HI GUYS





11/04/2019 9:51 PM
BMan They've awarded the construction contract for the Old Klang Rd project, ie there should be a launch coming up soon.

23/04/2019 11:36 PM
3iii Pity those who are trapped in this stock.

No dividends.

Losses since 2014.

Its NAV per share is 9.3 sen and its price per share today is 19.5 sen. (P/BV = 2.1x)

My advice is to SELL and re-employ your money into another stock.
30/04/2019 4:35 PM
Icon8888 I am happily holding

New boss new potential
30/04/2019 6:59 PM
fairman Post removed. Why?
02/05/2019 2:23 PM
fairman Post removed. Why?
02/05/2019 2:25 PM
calvintaneng Gsb



Calvin bought at 9 sen

Now up more than 100% at 19 sen

Calvin already sold enough to take back original capital and a chunk of profit

Now still holding free shares of gsb

Tell you what?

Now go buy some Asb (1481)


A solid buy!!!

More solid than gsb
10/06/2019 10:29 AM
chang1234 gsb high volume today..
22/07/2019 11:41 AM
calvinteo Today 14.8178M shares transacted from 18.5 sen to 20 sen as compare to earlier 4/3/2019 with 15.473M traded from 17.5 sen to 21.5 sen. Both closed at 20 sen.

Chart indicated a good entry sign for Great Super Boy.

Note: Invest and or trade at your own risk!
22/07/2019 6:54 PM
23/07/2019 2:05 PM
Yes, "Once Upon A Time" , "past"

Being unloaded by sharks at these price, to you lokangking,
how willing would LENO buy up again to >10 sen, the price you bought?
23/07/2019 2:07 PM
deMusangking Sorchai musang bought Gsb at 22 sen. Now musang trapped at 22 sen

now onli 21 sen!!!!

musang is trapped!!!!!!

23/07/2019 2:10 PM
patrick2 GSB suspended pending material announcement
07/08/2019 9:59 PM
jay_cwk88 limit up
09/08/2019 5:34 PM
2323 So happy....
09/08/2019 6:22 PM
Ncm88 Tuesday limit up 0.3
09/08/2019 7:56 PM
patrick2 guys , any comment on the announcement??
11/08/2019 10:03 PM
patrick2 Anybody of any idea what would be the value of GSB after the corporate exercise?
11/08/2019 10:44 PM
Newbiestrading2 GSB 12/8/2019 after the symmetrical breakout its goes uptrend now 0.220 is first resistant. please follow newbietradingchannel at telegram
12/08/2019 1:43 PM
2323 Finish goreng ??? Waiting few day just 5minit only...kikikikiki.....
13/08/2019 9:10 AM
j450n so short rally?
13/08/2019 11:35 AM
zul BYE BYE ..
13/08/2019 11:53 AM
Armada An Quantum Leap Stock In 2019/2020 Another Cinderella in time of chaos.
I have faith in Tee .

So, worth to monitor lah.
13/08/2019 12:40 PM
Armada An Quantum Leap Stock In 2019/2020 If 0.170 will be good .
Same charm with kerjaya warrant
And Gdb
13/08/2019 12:41 PM
SeoulSniper Personally feel the stock is overvalued at this price even with asset injection. Heard the take up rate for the development project going to inject in is not very good. Is it true?
13/08/2019 8:47 PM
r2d288 seoulsinper is right
20/08/2019 12:27 PM
funny2331 Everybody please hold tight. Result will be very fruitful. Datuk Tee already settle johor G-residence old mess leave by previous director. Kerjaya prospek property Sb have a very high profit record. Buy for long term before EPF and other investment company comes in. U guys can refer to kerjaya prospek Berhad previous share price.
20/08/2019 7:44 PM
SeoulSniper I heard from my client. G residence still in the mess, the payment to contractor is long overdue for many months.
21/08/2019 9:42 AM
hairun Ok tomorrow limit up hahaha sohai
28/08/2019 6:58 PM
Chris Khoo Some quick notes:

Kerjaya Property Sdn Bhd - 12 months average revenue of 44mio for year 2017-2018 and net profit after tax of about 6million
Aeon Frontier Sdn Bhd - yet to find any approve plan in OSC online
Kerjaya Prospek Property Sdn Bhd - approved earthwork plan for 19stories service apartments with 2 stories of commercial units @ Jalan Seri Tanjung (Jul'19)
Kerjaya Prospek Property Sdn Bhd - Bloomsvale progress (estimate completion 2023, GDV1.159billion)- https://www.bloomsvaleresidence.com/site-progress

Current issued share - ¬551mio; additional listing 197mio = total 748mio
Additional RCPS (only to major shareholder, not for listing) - 3168mio (not affected EPS but in substance affects FDEPS)

Estimated Bloomsvale revenue/year (from 2020) - 290mio; @ NP margin of 13% NP = 38mio
Estimated Swiss Garden Melaka revenue/year - 44mio; NP = 6mio
(Tanjong Tokong GDV/progress unknown Aeon Frontier unknown)

Estimated minimum revenue/year (from 2020) - 334mio ; NP - 44mio
Estimated yearly minimum EPS (RM) - 0.059
@PE of 10, then share price = 60sen
21/09/2019 6:34 PM
Armada An Quantum Leap Stock In 2019/2020 Errr !
The $44/- divided by its currently nosh
Not suitable or best measurement.

Guven their soon to kick in for 3611lots of rcps.

Maybe, u can follow their price to book ratio post rcps call.
21/09/2019 7:11 PM
Armada An Quantum Leap Stock In 2019/2020 Very likely market will compares its price to book from kerjaya with a 50% discount at the initial stage and further improve while everything well progressively.
21/09/2019 7:14 PM
Chris Khoo in 2016 Jan, issuance of 300+mio RCPS have minimum effect on price...changed less than 5% upon issuance!!! I have fair in Tee!!!
21/09/2019 8:08 PM
Chris Khoo Some additional notes:

KPP's net profit margins for 9 months ended 31/3/2019 and full year 30/6/2018 were very much better than I initially estimated!!! I revise the NP to about 18% (conversative figure, actual was slightly higher)....the remaining risks would be unsold units of koleidoscope and the G residence...it looks like g residences really not doing well!!!
22/09/2019 2:05 PM


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