Cut loss at 0.93. Waiting upcoming QR first.

Gadang Holdings Berhad ("Gadang” or “Company") is pleased to announce that its wholly-owned subsidiary, Gadang Engineering (M) Sdn Bhd, has on 20 August 2018 received and accepted a letter of award dated 20 August 2018 from TRX City Sdn Bhd to undertake the proposed construction and completion of Public Realm Works (Phase 1) at Tun Razak Exchange for TRX City Sdn Bhd” (“Project”).

The contract sum for the Project is RM86,086,000 (Ringgit Malaysia Eighty Six Million and Eighty Six Thousand Only). The Project shall commence on 1 September 2018 and shall be completed by the third quarter of 2019.

The Project is expected to contribute positively to the earnings and net assets of Gadang Group for the financial year ending 31 May 2019.

The risks associated with the Project are mainly operational risks such as material procurement, on time permit approval from local authorities and completion risk which the Group would take appropriate measures to mitigate the risks.

None of the directors or major shareholders of Gadang or persons connected with them has any interest, whether direct or indirect, in the Project.

http://malaysiastock.biz/Company-Announcement.aspx?id=1080443

Sold some at 3.00 to free up capital.

One month ago is 60+ sen only why you dun buy at that time?

jibbie i think homeritz is a good company. hope it drops so i can buy
15/08/2018 08:57

Homeriz has great show today.

Good cost protection.. Geary

https://klse.i3investor.com/blogs/nanyang_stock_expert/169521.jsp

TP RM1.19

JB-SG RTS is on and the major contractor still is YTL Corp.
Kimlun has the bigger chance to win major subcon package as they are well-known TLS provider in Johor and Singapore.

Green Packet enters partnership for direct carrier billing

Green Packet Bhd’s joint venture company (JV), Funsea Interactive Entertainment (M) Sdn Bhd has entered into a partnership with Apigate to enable Direct Carrier Billing (DCB) for Celcom’s customers.

DCB allows end users to make payments for their purchases by charging payments to their mobile operator’s post-paid and pre-paid bill.

It is traditionally used by mobile content creators and developers to facilitate payment for their in-app purchase and subscription services by end users.

With the partnership, Funsea Interactive will be able to facilitate payment for their OTT content related games, music and video-based apps to more than 9.6 million Celcom subscribers in Malaysia through the DCB payment facility offered by Apigate.

According to a report by Technavio, the global DCB market is expected to register a CAGR of nearly 9% between 2018 and 2022.

Incorporated in 2017, Apigate, a subsidiary of Axiata Digital, has built a network of global and regional partners that allows Funsea Interactive to leverage on the 3.1 billion customer footprint and more than 110 MNOs across Asia, the Middle East, Africa, and Latin America.

“It is a great honour for us to be able to partner with Apigate as this is another significant milestone in the implementation of our strategy for the development of a seamless payment system whereby users can make convenient and safe payments for their favourite games, music and video apps by billing to their post-paid or pre-paid accounts.

“As Funsea Interactive is committed to constantly enhance consumers’ experience, direct carrier billing is a step ahead in providing an avenue for a frictionless platform-customer relationship,” said Green Packet group CEO and Executive Director Tan Kay Yen in a statement.

https://www.thestar.com.my/business/business-news/2018/08/10/green-packet-enters-partnership-for-direct-carrier-billing/

This RainT dunno about investing at all. Just ignore his comment at all.

Good closing today. Keep it up

Market will goreng it again today.

Good to buy for long term investment stock.

Good result.

http://malaysiastock.biz/Company-Announcement.aspx?id=1076732

近期Homeriz业绩已经看到起色，可以留意下

Impairment loss is the asset's net carrying amount exceeds the future cash flows it should generate from that asset. In other words, the assets are not able to generate sufficient future profits to recover current net book values.

Positive result. At least this quarter they managed to reduce labour issue. Plus 1 sen dividend as expected. TQ!

The Group’s PBT for the Q3FY2018 improved by 33.3% compared with Q2FY2018.The better performance of PBT mainly attributable to the operational improvements which have successfully reduce the outsourcing of production work and also reduce the overtime incurred during Q3FY2018.

Good result released and declare 1 sen first interim dividend to be paid in Sep.

http://malaysiastock.biz/Company-Announcement.aspx?id=1075016

Possible to release QR by noon later on today.

17Q4 construction projects in progress - Rapid package 301 and 402 and other completed projects
18Q4 construction projects in progress - Rapid package 301 and 402, MRT2 V206, TRX City, Cyberjaya Hospital

It can explain why FY2018 construction revenue is much higher than last year, while PBT is lower due to new projects kick off such as MRT2 V206, TRX City and Cyberjaya Hospital and timing recognition of variation orders for completed projects in prior year.

Very positive result. Once utilities division start to contribute profits in early 2019, next year should expect another better financial performance.

I'm not so well to calculate intrinsic value...Simply estimate, if every year can contribute min 40 sen profit, future 10 years mean total 4, plus 47 sen cash per share on hand now, total value is about 4.47. Give myself 30% discount, it is worth to buy below 3.13.

Again, no right or wrong, different people has own calculation...

Wont be surprise. 4th QR is the best performance in the past 3 consecutive years. Just wait and see ya.

Oh no.. You seems dun understand Gadang. They pay final dividend annually, and just distributed bonus shares in the end of 2016. What are you looking for actually?

EST85 Yes. Gadang's fundamental is pretty and good performance business.
However, the Management not so kind to distribute the Dividends or bonus shares to Shareholders.
May be they keep for money for more investment and put the in bank deposit temporary??
23/07/2018 16:47

I wish to highlight that trade war and USD strengthen is not the main concern. The main issue is rubberwood shortage and high labour cost especially now minimum wages is going to revise very soon.
Dun so over optimistic for 2nd quarter result. I would say that profit shall be normalised in 3rd quarter.

Basically you are just copy and paste from the QR. What are your purpose actually?

https://klse.i3investor.com/blogs/Intrinsic%20Value%20%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8%E5%86%85%E5%9C%A8%E4%BB%B7%E5%80%BC%20%E2%80%93%20%E4%BB%B7%E5%80%BC/166337.jsp


Fabien Extraordinaire My DCF calculation shows LiiHen is worth RM5.10.
21/07/2018 12:38

I don't see any your thinking & analysis and how you going to convince people to learn from you?

Call himself as godfather?

What is your average price?

Oh no.. Not every stock I will calculate IV. But I simple check the earnings yield, ROIC, ROE etc. Yea, I know this is a good stock to hold all the way.

My average cost is close to 3, but including reinvest dividends, actual cost is 2.78. I believe this counter still undervalue and shall be worth more than 3.

For wood-based panel makers, potential beneficiaries would be Mieco Chipboard, Evergreen Fibreboard, and HeveaBoard.

That said, the US forms only less than 10% of their total sales. Among them, HeveaBoard has the sturdiest financial position with a net cash pile of RM23mil (5% of its market cap) while Mieco and Evergreen have net gearings of 0.6 times and 0.1 times respectively. They trade at an average PE of 12 times.

https://www.thestar.com.my/business/business-news/2018/07/20/furniture-and-glove-makers-winners-in-us-china-trade-war/

Within the furniture space, Lii Hen Industries and Latitude Tree Holdings are two stocks which caught the research house’s attention considering 70%-90% of their sales are directed to the US.

Furthermore, both have solid balance sheets with a net cash position, making up 10%-20% of their corresponding market capitalisation. Valuation wise, they are trading at less than 10 times price-to-earnings (PE) while offering commendable dividend yields of more than 3%.

https://www.thestar.com.my/business/business-news/2018/07/20/furniture-and-glove-makers-winners-in-us-china-trade-war/

From 1.27 to 1.48 within a month. Share price is moving up fast.

@ Chi Yee, this is normal norm for local investors.
I looking good to Superln but too bad it never reach my target buy price.
Hopefully I have chance to grab it in the future.

Now the PER gap between Gadang and other peers (GKent, Kimlun, Mitra) mainly due to the coming QR concern. If the QR is good as public expectation, the share price can reach 1 dollar.

Wong is still under Industrial sector, and its construction segment yet to contribute any profit.

Market demand is growing actually. Problem is high material price and labour shortage (plus increase labour cost) compress their profit margin. Hopefully this is temporary issue only.

https://cdn1.i3investor.com/my/files/dfgs88n/2018/07/13/1508760261-1099493032.pdf

HLIB TP given to GKent is 1.17.
Are you joking?

The last answer.. @@

http://www.chicagotribune.com/business/ct-biz-trump-tariffs-list-20180...

US plans to impose tarrif on USD200bil of Chinese products including furniture. That's possibility that other furniture making countries like Malaysia and Vietnam could benefit from the trade war?

No harm to hold both Gadang and GKent.

http://www.chicagotribune.com/business/ct-biz-trump-tariffs-list-20180712-story.html

US plans to impose tarrif on USD200bil of Chinese products including furniture. That's possibility that other furniture making countries like Malaysia and Vietnam could benefit from the trade war?

http://www.chicagotribune.com/business/ct-biz-trump-tariffs-list-20180712-story.html

US plans to impose tarrif on USD200bil of Chinese products including furniture. That's possibility that other furniture making countries like Malaysia and Vietnam could benefit from the trade war?

目标价：1.45令吉最新进展

金轮企业（KIMLUN，5171，主板建筑股）今年至今共赢得3亿1000万令吉的建筑合约，以及1亿5000万令吉的制造订单。

全年的建筑订单目标位6亿至8亿令吉。

行家建议

我们认为，金轮企业的全年建筑订单目标可期，接下来可能会有更多政府和私人界可负担房屋的合约。

在砂拉越泛婆罗高速大道工程配套方面，已经完成30%的进度，相信会继续，惟不明确的是整个项目成本可能会被重新评估。

在制造业方面，巴生谷捷运第二路线的一些配套暂停，影响首季业绩表现，但在次季已经开始复工，预计下半年会有显著的复苏。

目前，所赢得的制造订单总额已经超越先前1亿2000万令吉的目标，该公司因此将目标提高至2亿令吉，因有信心能获得新加坡地铁和深隧道排水系统（DTSS2）项目。

我们目前维持财测，但是将金轮企业的目标价，从1.70令吉调低至1.45令吉，以反映该领域不明确的前景。

In addition, the construction of the LRT3 project will be restructured from a PDP model to a “fixed price contract” with MRCB-GK JV. This will ensure that the price will be fixed and will not be subject to cost overruns. The details of this contract will be disclosed at a later stage.

Read carefully, RM16bil is the final project cost. Any cost overruns shall be borne by Prasarana, George Kent and MRCB.

KUALA LUMPUR: The government has decided that Prasarana Malaysia Bhd will not be taking over the light rail transit line 3 (LRT3) project from the appointed project delivery partner (PDP), nor will it be calling it off.

Instead, The Edge Financial Daily has learnt that the ministry of finance will work closely with the PDP MRCB George Kent Sdn Bhd to lower the total cost of the project to about RM17 billion to RM18 billion, as opposed to the latest RM31.45 billion projected for the development.

It has been reported that an outright cancellation of the PDP agreement for the LRT3 project would require a compensation of a few hundred millions to be paid to the PDP.

In 2015, state-owned Prasarana appointed the joint venture between Malaysian Resources Corp Bhd (MRCB) and George Kent (Malaysia) Bhd as the PDP for LRT3, with an initial budget of RM9 billion for construction works and RM1 billion for land acquisitions.

On Tuesday, Finance Minister Lim Guan Eng called for a drastic cost reduction to make the project feasible and cost-effective, after revealing that the projected cost of the LRT3 project had spiralled to a whopping RM31.45 billion, higher than the RM15 billion figure cited in recent news reports.

Guan Eng blamed it on Prasarana’s poor management, adding that the ministry will not support any additional funding required for the project unless the cost is “significantly rationalised without compromising the rail network’s integrity as well as the safety and quality of service provided”.

In a statement yesterday, Prasarana said it took cognisance of the finance minister’s statement with regard to the increase in total cost, adding that its management had already begun cost-reduction processes since February.

“We will continue to work closely with the ministry of finance and project delivery partners (MRCB and George Kent) to identify additional areas that may help reduce said cost,” said Prasarana president and group chief executive officer Masnizam Hisham, who replaced outgoing Datuk Seri Azmi Abdul Aziz in January this year.

The 37km LRT3, upon completion, will connect Klang with Bandar Utama in Petaling Jaya.

MRCB shares slipped 1.5 sen or 2.52% yesterday to close at 58 sen, giving it a market capitalisation of RM2.55 billion. George Kent retreated eight sen or 7.48% to 99 sen with a market value of RM553.85 million.

http://www.theedgemarkets.com/article/government-work-pdp-lower-lrt3-cost

KUALA LUMPUR (July 11): Prasarana Malaysia Bhd said today it will work closely with the Ministry of Finance and both its Project Delivery Partners to bring down the total cost of the light rail transit line (LRT3) project.

In a statement today, the state-owned transportation company said it took cognisanse of Finance Minister Lim Guan Eng’s statement with regards to increase in the total cost of the LRT3 project.

President and group chief executive officer of Prasarana, Masnizam Hisham – appointed in January this year in replacement of the outgoing Datuk Seri Azmi Abdul Aziz – said the management had in fact begun cost reduction processes since February.

“We will continue to work closely with the Ministry of Finance and Project Delivery Partners [Malaysian Resources Corp Bhd and George Kent (M) Bhd] to identify additional areas that may help reduce said cost,” said Masnizam.

Prasarana’s statement today came after Guan Eng’s call for a drastic cost reduction to make the project feasible and cost-effective, as the projected total cost of the light rail transit line 3 (LRT3) project has spiraled to a whopping RM31.45 billion.

To recap, the latest cost estimate is significantly higher than the RM15 billion cited in recent news reports. The original estimate when the project was launched in 2015 was RM9 billion.

Guan Eng blamed it on Prasarana's poor management, adding that the ministry will not support any additional funding required for the project unless the cost is “significantly rationalised without compromising the rail network’s integrity as well as the safety and quality of service provided”.

https://www.klsescreener.com/v2/news/view/402907/prasarana-to-work-closely-with-mof-pdp-in-lrt3-cost-reduction