don't quote me but i think the worst is over...the new "low" should be RM3.35. Despite two recent selloff - one on Monday 18th Jan and the other just today, the price bounced off RM3.35....if can grab at RM3.40, please do so - before this baby really runs...

@ yeekarwai88, what is your average price? if you don't mind to share?

sigh - sometimes, i just shake my head looking at these comments -
the one that should top the list is: sell because infrastructure projects going to be postponed/ cut
even if Gadang does not get the MRT project - it is very buzy with RAPID...expect to see more announcements for RAPID

waiting for the next discount...at RM3.35

GOD - those who sell to me this morning @ RM1.45 - now, they cry also no tears come out man....sigh - i just hope that i do not buy from the old retirees...

GOD - those who sell this morning - now, they cry also no tears come out man....

@ SuperMan99, a good one.

RM2.20 is very strong support

@ Superman99, what is your average price for CCB? if you don't mind to share?

some of them said - i was stupid to contribute selflessly to the research in this CCB forum when the price was so high at RM3.70++,
why waste time contributing to the research when you cannot buy at RM3.70?
can see but cannot eat...
but then, patience is a virtue,
this prove that in life, you must give to receive,

now - Mr Market give me a chance to buy at RM3.45 and i grab it.

anyway - thanks to Mr Superman99, your work at CCB is fantastic and i have benefited alot reading from it.
once everything settled down, please help to write another article for CCB to push the price up

the RM3.40 just exist for a few minutes...congrats to those who managed to pick up at RM3.40,
my tangan not cepat enough - so, can curi makan at RM3.45

sigh...just managed collect at RM3.45....placed an order at RM3.40 - but then, it was not filled...
well - RM3.45 is also good enough liaw....
really panic selling within the 1st one hour ...now, things start to stabilize

Gadang support level should be between RM2.20 to RM2.30.

Actually, nobody knows when market at the lowest point...as long as it is cheaper than your valuation and you feel comfortable with both the entry price and the future potential of the business , then , just buy lor. Because we don't know whether tomorrow will be cheaper or not. The most important thing is holding power. Business needs time to grow.

CCB Monday RM3.40....can start loading liaw...

Dow Jones has dropped 390 points, Monday market will be getting worst....hehehe - expecting a big discount for CCB...RM3.40 is not far fetched.

my point is that making money from the share market is difficult enough. Why wanna make it even harder by investing in some companies that you do not comprehend?

if i have to choose between properties vs. oil & gas, i will definitely whack properties. For one, properties are not commodities related businesses and are not traded in the global markets. Two years ago, who can believe that oil price can hit USD30 per barrel? Impossible right? Furthermore, landbanks do not have futures market, unlike oil market which has oils future. Furthermore, i do not need to worry some assholes is going to produce shale oil or OPEC is flooding the world with oil.

Within the oil and gas industry, we have got the upstream and downstream oil and gas segment. Within this, we got many other sub-sectors such as exploration, extraction and refinement, R&D, trading and distribution and so on and so forth. It is very hard to understand the complexities of this industry - and the associated supply chain - coupled with the dynamics of the global market which is plaguing the oil price now. If you do not work in this industry for a long time, then it is hard to decipher the financial statements, let alone trying to form an opinion on the future economics of the companies that you are buying. I mean, numbers are just numbers - they are just bare skeletons that need to grow flesh, body and soul.

Properties business is very easy to understand. Great property companies are the one that
- have been around for many years - that is why they can buy land at cheap prices and inflation will push the land price up,
- able to monetize the landbanks and this is shown via very high EPS,
- willingness to pay more than (>) 40% of EPS as dividends,
- have very low cost and strategic landbanks and high market price for those landbanks,
- very low gearing, or net cash companies,
- high operating profits and ability to convert each dollar of operating profits into at least 50 cents of free cash flows,
- have a few investment properties generating recurring rental income,
- not engaged in stripping assets,
- have good in-house construction teams or very long standing contractors working for them, and
- extremely good management.

So far, my top pick for property companies that satisfy the above criteria is Tambun Indah, Matrix Concept and SHL. All three is trading at 20cents to 30 cents from their 1 year low. The downside is limited and the upside...well, now, is the best time to buy into them before property sector becomes hot again.

scared what leh? During the AGM, Tan Sri already mentioned FY16 is better than FY15. It is almost close to impossible that next quarter's result will be worst than the comparative quarter. When the price drops like bird shit, you need to be able to separate between facts versus fiction. For all you know, maybe tc88 is trying to con people into selling cheap to him/ her. Make it a habit to attend AGMs.

me too....i like Jolin...me handsome like Kpop star

the price has shown some cracks...time to buy when price drop below RM3.50...

whacking at RM3.50...hehehe

anyway - waiting for a deep discount for CCB, maybe say RM3.50? hahaha...Kancs3118 is back to CCB....
THe counter's name say it all...
the products say it all....at first i thought CCB sells bra because of the bra cup size...
sorry - not being rude...hahaha

This type of stories make me cringe. Whenever i heard stories of old retirees buying shares, i just shake my head and my heart pour out for them. They should just stay to ASW2020 - the best investment for them as it provides a fixed return circa 6% to 6.5% and the principal is guaranteed by the government. at least they can live off the annual fixed interest and liquidate the principal after receiving the interest. Any brokers who have a shred of ethics left in their soul should advice old retirees to stay away from the market. Even if you buy a good company, you still need a gestation period to make any meaningful gain.

yup. Good days are coming for SymLife...

people who buy at RM2.50 and throw at RM2.40 probably needs to get their heads checked...

as i said.....price has shown some crack ...wait at the sidelines, you can collect cheaper at RM2.40...sayorana to those who chase and do not wish to hold

adui..if i sell 1 lot at RM3.00, and i also buy it myself - yes, this can be done - then, Gadang has achieved RM3. But then, where is the volume to support it? If you notice, the volume is coming down and so is the price. Expect it to drop below RM2.50 and hovers at RM2.40 to RM2.50 price range.

looking at the intra day trading charts for today and yesterday, it seems there are profit taking elements. The price is no longer solid and show signs of crack. The graphs no longer taper upwards in a nice and steady fashion indicating steady accumulation, but rather it moves up and down in waves. But Gadang did remarkably by staying above RM2.50 despite profit taking and world uncertainty.

Now, whether RM2.50 will be the new norm/ support line hinges on the quarterly results to be released at the end of this month. If Gadang do well, then, RM2.50 will be the new norm.

I am looking forward to Gadang winning more Petronas contracts and MRT project.

it seems from the intraday chart for these 2 days - there are elements of profit taking .....hence, the chart no longer represents a steady accumulation. now, just wondering, who is stronger - the sellers or the buyers????

@ karwai...adui...at first, I thought they won MRT contracts and announced via bursa...

market is bad but gadang does not wanna give discount - very kiam siap

gonna muntah darah liaw...

shiittt...somebody please KILL ME~!!! i contribute so much to this forum's research - yet i no buy...pleaseee KILL ME~!!!

gonna jump down from Petronas twin tower liaw......

looking at the momentum this morning, i suspect some elements of profit taking has creep in
price has start to show some cracks.

now, is the best time to shop for property counters like Tambun INdah, Matrix and SHL. The best time to buy is when no body is buying....i think...there is no need to fight with so many people jacking up the price.

There are many things i like about this company - especially the part on the recurring cash flow generated by its Capital21 project, affordable housing segment and utility business and strong and prudent management team. I have been looking around at other good companies like CCB (Cycle, Carriage and Bintang). At the end, i still prefer Gadang. I don't mind paying top dollars at RM2.50 to average up because the earnings visibility is there coupled with good operating cash flow. For Q2'16, the operating cash flows is even higher than PBT.

However, there is a concern about the volatility of global economy - but then, sometimes, when we invest - we invest relative to the company and not to the global economy. As Force sifu has correctly pointed out, "Seriously tell u if gadang drop, dont miss the chance must buy more else very fast jump back or higher."

If we dumb dumb hold, and assuming if the P/E is re-rated to RM10, then at year end 2016, this company is worth RM3.
EPS per RHB research = RM0.32 (not what i say but what RHB said),
P/E = 10
Price = RM3.20 (but we kasi discount sikit at RM3.00).

But then again, at that point in time, i may still dumb dumb hold to RM3.50 if the earnings is still growing. It depends on both your window and your holding power. Warren Buffett has stated that of all the stupidities of Wall Street, one of it stands out clearly; "You cannot get broke by taking profits". If you take profit at RM2, now the price has gone up to RM2.50. If you take profit at RM2.50, the price has gone up to RM3.00. I think Gadang still has a long way to go. The best is to shut down the laptop and not to look at the market for Gadang until the end of 2016.

However, what begs the question is the quality in terms of gross profit margin (%) and payment from the principal. Kok Onn has stated that "we always do government job, seldom do private job". This is what differentiate between Gadang and Mitra. I dare say, moving forward, the bulk of the order book will be made up of contract wins from RAPID Petronas. During the AGM, Datuk Kok Onn has explicitly stated that Petronas holds Gadang in very good regards and Gadang is very busy with RAPID. In fact, Gadang has tendered for 10 projects, of which he is very sure to win a few more and this will be announced within 6 months (AGM date 19th Nov 2015). In addition, Gadang is the first deliver the viaduct in Jan'15 and has won 3x awards for speed, quality and safety. Currently, MRT2 tendering is only open for prequalified contractors who have worked at line one - and there are just a few of them. Based on this performance, Datuk Kok Onn thinks that Gadang stands a good chance to win the MRT2 package.

Another determinant is the Q2'16 results that will be released soon. If the results are good - and i am sure it will be better than Q2'15 - say profit after tax is being maintained at RM20M, then this coupled with the good order book may justify a re-rating to a P/E of 10. Let us not forget about Capital 21. During the AGM, Kok Pei Ling had explicitly mentioned that the contribution from Capital 21 is RM20M for this year. This will surely contribute to the bottom line for Gadang for Q2'16/ FY16.

actually, that is a good question - whether this counter is worth PE10. Honestly, i have been thinking about it the whole weekend. Also, the article in Focus Malaysia, "UNdervalued Gadang aims to convince" has stated that at RM2.50, Gadang is considered fairly priced. To answer this question, I think it will boil down to the size of the order book and Q2'16 results - both of which is something that we have to forecast into the future. Luckily, i attended the AGM :-)

Based on RHB research report "A Value Play" 16th Dec 2015, RHB assigned:
a forward P/E = 8.5x for FY2016F (admittedly, they used a lower P/E compared to the industry average for similar sized developers which hovers at about 10x to 14x),
Fair value = RM2.70 and
EPS = RM0.32.

Now, whether Gadang justifies an upgrade from PE 8.5x to 10x depends largely on the size of its order book. Typically, the bigger the order book, the higher the PE multiples is assigned to the company.

Yalor...headache ....Gadang moved too fast ....good companies like Gadang is hard to find

@ bluefun, me too - i like Gadang more (compared to KimLun) due to its earnings visibility...but then, have to think about affordability too.....Gadang moved too fast within 1 week ~! have to beware...

@ SJSoon, i kasi you 10 likes... :-)

SJSOON Monday 2.70. Day before QR release 2.90. After QR 3.20
08/01/2016 23:27

hahaha....
@ bluefun, just asking, what other companies do you invest in? Also, for KimLun, do you think now is a good price to enter...please share...thanks.

Somebosy please kill me.....should have bought at RM3.40....but was waiting for a bigger discount at RM3.30....arrrr....somebody...please shoot and kill me

Me damn pissed ....wanna average up on Gadang...but too late liaw...it flew too fast...
Wanna ask expert in technical analysis .....now, can still jump on the bandwagon???

this counter is too strong...until ah tiong also cannot suppress this counter.

tksw is a wolf in a sheep clothing - his 120units is actually 1200 lots = 120000 units....don't play play...

@ tksw, you no need to work is it? everyday - see you here at Gadang forum...watching the stock like security guard watching CCTV live feed like that...

@ tksw - you are right yoh....i admit defeat...white flag liaw

don't worry - just a few assholes pushning the price up -
China removed their circuit breaker today -
maybe the Ah Tiong tsunami can give us good discount -
maybe my nenek moyang is helping to create a big ah tiong tsunami....