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Overview
Financial Highlight
HeadlinesBusiness Background Gadang Holdings Bhd is a Malaysia-based investment holding company. It operates in four business segments. The Construction division segment is engaged in the civil engineering works encompassing earthworks, infrastructure works, hospital and mechanical and electrical systems works. Its Property division segment is involved in the development of residential and commercial properties. The company’s Utility division segment includes construction, maintenance and management of water and power supply facilities. Its Investment holding segment comprises of investment activities and provision of management services. The company’s geographical segment consists of countries like Malaysia, Indonesia, and Singapore.
  riskabsorber PP only benefit to the new investors, with the PP price of 75sen, let's wait at 70sen to make the PP fail. 09/05/2019 10:16 AM mymoney168 "The issue price of the placement shares will be determined and fixed by the board at a later date" Why you all keep on mentioned 75sen? Is it becoz any of you here is from the Board? haha... 09/05/2019 11:03 AM speedlikecy should make the price up, so gadang pp can get more money for business. 09/05/2019 11:11 AM Patrick13 Think from positive side. The last PP was done on April of 2016. Refer to annual results, FY2016, FY2017 and FY2018 are the best consecutive results to Gadang in the past many years (profit >90m). 09/05/2019 11:37 AM riskabsorber The issue price of the Placement Shares shall be determined and fixed by the Board at a later date (“Price Fixing Date”), after the receipt of Bursa Securities’ approval for the Proposed Private Placement. The Placement Shares will be priced at not more than 10% discount to the 5-day volume weighted average market price (“5D-VWAP”) of Gadang Shares immediately before the Price Fixing Date. For illustrative purposes, the 5D-VWAP of Gadang Shares up to and including the LPD is RM0.8241 per Gadang Share. Hence, for the purpose of this announcement, the indicative issue price of the Placement Shares is assumed as RM0.75 per Gadang Share, representing a discount of approximately RM0.0741 or 8.99% to the 5D-VWAP of Gadang Shares up to and including the LPD. Based on the above, they will purposely push down the price so that the price get lower, I don't think they will push up the price within this period of time. Besides, post PP will drop even further, just refer to JAKS. 09/05/2019 1:34 PM factorrumour hahaha to those who say today will fly after private placement will be rights issue :D 09/05/2019 9:27 PM Legend Haiyaa..from 0.66 to 0.90...today down 0.04 only...banyak bising...contra kaki punya orang..haha 09/05/2019 10:39 PM riskabsorber Haha, I presume you are not buy at 66sen but is at 90sen. From contra kaki to hold long long kaki. 10/05/2019 9:17 AM SharehlderOppression Gadang's intrinsic value as a company should be worth roughly 91c 10/05/2019 10:29 AM riskabsorber I don't think they can get anything from ECRL. Judging from the past performance. 13/05/2019 9:27 AM InvestsucessTrader Even they get the contract by JV, the company gets very little ,as in the star today, 13/05/2019 9:31 AM 劉尹光 https://www.thestar.com.my/business/business-news/2019/05/13/i-have-always-acted-on-my-ownwan-khalik-ai-industry-is-experiencing-global-growth/#SY0zzYdylxOgajxK.99 13/05/2019 4:49 PM  birkincollector Green when all construction counters dropped. Submitted ECRL tender officially?? 16/05/2019 5:02 PM lawrgan Sarawak 11billion road projects to be awarded. Announced by Deputy Chief Minister 16/05/2019 10:47 PM Patrick13 By RHB Research Buy Target price: 95 sen THE financial year ending May 31, 2019 (FY19) has been relatively uneventful for Gadang, as it secured new orders amounting to RM136mil as compared to RM475mil in FY18. The new orders comprised two Tun Razak Exchange (TRX) packages and a fire fighting facility for Rapid Pengerang. The group’s outstanding construction order book stood at RM1.3bil compared to RM1.6bil a year ago. The management highlighted that it has been focusing on completing existing jobs to ride out the period of uncertainty. It is noteworthy that the upcoming completion of the Rapid contract is in June, where Gadang has submitted a variation order that could be recognised in the first half of FY20, if approved. Gadang also announced that it is forming a pre-bid consortium with DWL Resources Bhd image: https://cdn.thestar.com.my/Themes/img/chart.png and will take up a 10% stake in the company for RM18mil. The group views this as a strategic move as it allows both companies to leverage on each other’s strength to improve their chances in tenders. Additionally, Gadang noted its interest in participating in the pre-qualification tender for the East Coast Rail Link, as well as tenders for further TRX, Rapid and hospital projects in order to replenish its construction order book. As for its property division, Gadang’s unbilled sales stood at RM93mil as at Feb 2019, down from RM134mil last year, with only one new launch in Dec 2018 – Putra Perdana which has a gross development value of RM173mil. Gadang has also revised the joint-venture terms for its Capital City project in Johor Bahru, where it is the landowner. The revised terms, if approved, could see the company realising RM100mil worth of contra properties as balance payment for its revised RM250mil entitlement sum. https://www.thestar.com.my/business/business-news/2019/05/17/analyst-reports/ 17/05/2019 9:27 AM InvestsucessTrader those already qualify in 2017 pre qualifying tender doesn't need to tender again as stated in the star newspaper last week.( Econpile also already qualify) 17/05/2019 3:22 PM 4444 No official agent or lobbyist of the ECRL project: Contractor https://www.thesundaily.my/local/no-official-agent-or-lobbyist-of-the-ecrl-project-contractor-GH889822 19/05/2019 2:33 PM anticonman ECRL warns against 'lobbyist' offering contracts in rail project https://www.malaysiakini.com/news/476678 19/05/2019 2:54 PM lawrgan Pls sell Gadang and DWL as they will not be getting any contract from direct tender. 19/05/2019 11:22 PM lizi look at DWL chart, from 70 plus sen to RM2.00 and back to 70 plus sen in a month.....that's very impressive.....gadang is having paper loss now.....bad trader huh..... 22/05/2019 2:13 PM 3iii >>>> As much as I do not wish to break his rice bowl, I must tell you that about 4 years ago, I engaged him to look after my Rm 10 million account with CIMB. I am not sure what was the agreed fees for his work. He started off by selling all my Latitude Tree and Lii Hen and bought Homeritz. He provided a complete financial analysis of all the furniture companies such as Latitude, Lii Hen, Poh Huat, Hevea and Homeritz. He considered Homeritz was the best because it had the best return of equity. As all investors know Latitude went up from Rm 1.00 to above Rm 8.00 within 30 months and Lii Hen went up more than 500% and it is still going up because 100% of its products are exported in US$. I sacked him because he has no business sense at all. I am not telling you a fairy tale because many people in CIMB know this episode. >>>> https://klse.i3investor.com/blogs/koonyewyinblog/110760.jsp 23/05/2019 4:14 PM qqq3 don't blame KYY for sacking KC......... good advisers understand the needs and thinking of those he advises...... 23/05/2019 4:22 PM 3iii qqq3 I am of the opinion that KYY's recent investments did not show he has good business sense. 23/05/2019 4:24 PM  |
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