Good result

coming breakout

Volume increase , something happening?

Coming quarter result will be the next catalyst

Silently moving up

Another RGB

Another George Kent

Gadang remains a BUY after it recorded a sharp earnings recovery in 2QFY17. This is further supported by its strong near-term earnings visibility, as well as its potential to win more projects in the near future. The stock is currently trading at less than 7x forward P/E vs its peers’ low teens P/E. Hence, this is another strong reason to accumulate the stock. Our SOP-based TP is unchanged, at MYR1.40 (35% upside).

Affordable housing and better gross margin of existing contracts in hand (RM527 million) can provide visible earnings until end of FYE2018.

Riskabsorber, I believe you adsorb wrong information.

Good new coming?

http://klse.i3investor.com/blogs/candlestick/114314.jsp

Tguan just formed Handle

RM165 million is the land owner entitlement paying to Kwasa by Gadang

Kwasa Land Sdn Bhd, the master developer of the Kwasa Damansara township here, has awarded the development rights of a 21.08-acre plot known as R3-1 within the new township to Gadang Holdings Bhd.

The proposed development, which has an estimated gross development value of RM700 million, will feature 780 residential units .

Train full of high quality petrol and nitrogen, Up Up.

WA

Take profit first.

Accumulate more

Announcement
Subject OTHERS
Description LETTER OF ACCEPTANCE OF OFFER FOR THE DEVELOPMENT OF A LARGE SCALE SOLAR PV PLANT OF 5.9 MWa.c. IN KOTA MARUDU, SABAH
Gadang Holdings Berhad ("Gadang") wishes to announce that RUSB - BTS Joint Consortium, a joint venture comprising Regional Utilities Sdn Bhd ("RUSB"), a wholly-owned subsidiary of Gadang and BT Solar Sdn Bhd ("BTS"), had accepted the Letter of Acceptance of Offer from the Energy Commission ("EC") dated 15 December 2016 for the development of a Large Scale Solar PV Plant of 5.9 MWa.c. in Kota Marudu, Sabah ("Project").

Gadang has today received the consent from EC to disclose on the above.

The Letter of Acceptance of Offer requires the RUSB - BTS Joint Consortium to satisfy certain obligations, including completion of negotiation and execution of the Project Documents prior to EC issuing the the formal Letter of Award for the Project.

This announcement is dated 13 January 2017.

Might happen soon ....

Consistent and excellent

One of the cheapest Construction stock in market with 6.51 PE. The average PE for construction sector was 14 PE.

Top 12 Stock picks for 2017 by The Edge, Gadang is one of them.

V205: Construction and Completion of Viaduct Guideway and Other Associated Works from Sungai Besi Station to Serdang Raya (North) Station to be submitted by 5 January 2017, might be second award from MRT 2. (Cross finger).

V206: Construction and Completion of Viaduct Guideway and Other Associated Works from Serdang Raya (South) Station to UPM Station. Tender on 22 Nov 16.

V206 is likely for Gadang.

iloveshare128 , any comment for today surge?

Iloveshare88 will come out new revised value

Gamuda shall be next year - Rail & Construction Theme

CIMB Sector Note - 24 Nov 2016

Bangkok-KL HSR up on the board
● According to press reports, Malaysia and Thailand have agreed to study the
possibility of a high-speed rail (HSR) link between Kuala Lumpur and Bangkok.
Malaysian Prime Minister Najib Razak and his Thai counterpart General Prayut Chano-cha
agreed that the relevant agencies will begin preliminary discussions on the
possible link, which will complement the proposed Kuala Lumpur-Singapore HSR.
Both leaders agreed on the need to set in motion the initial study.
High-level discussions will commence
● The reports said that discussions between the two countries will begin at the official
level before proceeding to the ministerial level. No timelines were revealed. Both
leaders have agreed to speed up infrastructure development projects to promote
connectivity in border areas, including the bridge construction between Golok and
Rantau Panjang and between Tak Bai and Pengkalan Kubor. The State Railway of
Thailand (SRT) will also begin preliminary talks with the Malaysian authorities.
Thailand has an existing HSR project
● Thailand already has a southbound high-speed train project in the works from
Bangkok to Hua Hin. Consideration will be made as to whether the Thailand HSR
should be extended or if a totally new line should be built from Bangkok. The Thai
Prime Minister prefers an extension from Prachuap Khiri Khan in Hua Hin to Padang
Besar in Sadao, before linking to Kuala Lumpur.
Keen interest from regional HSR experts
● Thailand’s Deputy Permanent Secretary for Transport Peraphon
Thawornsupacharoen said China and Japan already expressed an interest in the
outcome of the feasibility study for the Bangkok-KL HSR project. He also did not
discount the possibility of the HSR extending to Laos and China in the future.
“Ballpark” cost of RM70bn
● This news confirms the earlier HSR alignment master plan revealed by The Land
Public Transport Commission (SPAD), which prioritises the southern HSR (KLSingapore)
but keeps the options open on the northern HSR. Out of the 1,400 km
Bangkok-Kuala Lumpur HSR rail line, 500km will be in Malaysia. Extrapolating the
RM50bn ballpark cost for the KL-Singapore HSR line, the 500km northern HSR
scope will cost RM70bn (our estimate).
Rail jobs are everywhere; maintain Overweight
● New large-scale rail ventures are good for the sector over the longer term. Gamuda
remains our top pick for a rail play. The HSR focus for Malaysia in 2017 will be the
KL-Singapore route. A bilateral agreement is set to be signed next month

TGUAN - CIMB - RM5.72

Expansion continues
Management expects to take delivery of its seventh PVC food wrap machine in 4Q16.
What was a surprise to us, as announced during its result note, is that the company is
adding a second 33-layer nano-technology line, indicating strong demand for the output
from the first line. Given the strong US$ and yen exchange rates, management is
looking to focus more on the export markets.

Net cash balance sheet
As at end-Sep, the company’s net cash was at RM76m or 72sen net cash per share. As
most of its major capex spending will end this year, the company’s cash pile should
continue to rise over the next few years. The company planned to invest RM100m capex
over 2014-2016.

FY16F-18F EPS raised by 13-16%
We raise our FY16-18 EPS forecasts by 13-16% to reflect the strength of the US$ and
yen against the ringgit. In addition, we have not assumed any potential earnings from
the delivery of its second 33-layer nano-technology line. FY18F EPS could see a major
boost if the company can fill up the capacity of this second nano-technology line quickly.

Upgrade to Add from Reduce
Given our FY16F-18F EPS revision and as we roll over our valuation to end-FY17F, our
target price rises from RM4.05 to RM5.72, based on an unchanged packaging sector
P/E target of 13x. Its share price has declined 7% over the past three months and
valuation is now attractive, at fully-diluted 2017F P/E of 11.6x.

As such, we upgrade the stock from Reduce to Add. Potential re-rating catalysts include continued strong US$ and yen. Key risk is appreciation of the ringgit.

PE less than 10, strong BUY

Dudu , ignore those have negative thinking. He or she should concentrate recommend good stock for member of I3investor at other channel.

Bravo

Ride north

Excellent management

So everyone can buy more tomorrow

Yes Optimus

Come back and shine again after recorded drop in PAT in previous quarter .

Can if Gadang win any MRT project or project in near term.

Sure Can : Plus good coming quarter result.

Cannot of Gadang continue reduce profit in coming quarter.

Management don't simply to corporate exercise without plan.

Posted by tksw > Nov 24, 2016 10:32 AM | Report Abuse
excelyou sifu, your TP of RM3.50 RM4.30 still can arr? Dun be stubborn, later became stupid loser...

Reply: My expected TP is based on expectation of increase profit in it latest Q result. Unfortunate the result was not exceed the expectation.

We cannot always can buy a counter with continue profit every quarter. You can choose to become short, mid or long term investor. It is your choice.

Well said Job Liew

Patient is the key

Up : ilovexxxx curse , Down : ilovexxxx curse. Maybe your life is not happy.

Bravo.

Steel theme is getting real.

Bravo.

Steel theme is getting real.

Recommendation by Alex Lu (a remisier in the Malaysian stock exchange, currently attached with Kenanga Investment Bank Bhd)

Based on good financial performance & position, attractive valuation & positive long-term technical outlook, RGB is deemed a good stock for long-term investment.

CIMB Research

RGB International
- R2: 0.280
- R1: 0.245

The stock broke out of its rounded-bottom pattern and has stayed well above the neckline of RM0.19. Higher prices are likely soon.

Both MACD and RSI are still sitting in their positive territories.

Aggressive traders may go long now with a stop placed at RM0.18. Prices would probably climb higher to above RM0.235, targeting RM0.28 next.

thumb up

Summary

Technical Stock Pick

BUY Stock Last
Price* Target Price
SKPETRO 1.420 2.160
GADANG 2.770 4.360
WILLOW 0.736 1.340
UNISEM 2.370 3.700
JOHOTIN 1.090 3.650
MRCB 1.270 2.400
SPSETIA 3.160 4.600
WCT 1.750 2.240
TECGUAN 2.090 3.150
MYEG 2.350 3.200


Today’s Highlights
The FBMKLCI is anticipated to congest sideway as the “bulls and bears” remained firm on their respective arguments. Strong support seen at 1611-1600 range. Despite current surge in volatility, we still anticipate year end-“window dressing” rally to kick in the near future. Buy on price weakness!

Market Analysis
Support range of 1600-1611 appears to be very resilient, a good level to accumulate good fundamentally stocks with limited downside.

Medium Term Outlook
• Market Bias: Sideway
• Range: 1600 – 1750


Short Term Outlook
• Market Bias: Sideway
• Range: 1550 –1700

Sources- Affinhwang, Bloomberg, Dow Jones Newswire, Bursa Malaysia, The Star, Reuters.