Another developer that comes highly recommended is Paramount Properties.

Try top glove...damn fast

I second that.... Icon city, proximity to Batu Kawan, IKEA, university of Hull-KDU, etc and the proposed building of a new hospital complex will spill over to Tambun Indah.

I love the management's technic of buying huge tracts of land on the cheap and then, slowly develop the land and unlocked its value. Tambun has a margin of close to 40%.

Unlike other developers who expand aggressively and when faced with the double whammy of a poor property market and Covid19, Tambun has been slow and steady ...scaling back their operations and continue to give out good dividends and not resorting to rights issue.

When the share price has been bashed down so badly, the bosses are actively engaging in shares buyback indicating the confidence they have in their own company.

Those who can wait until the end of next year...this is a phenomenal counter ....those who can't wait...it is a shitty counter

Well put....it is a shitty counter

Can share the many articles about Paramount ?

Yeah...

but i wonder - what is their investment in quoted securities? Whch company?

As the world grapples with Covid-19, the impacts and outcomes facing each country are different. Malaysia and Singapore so far appear to have handled the virus pandemic situation well but the economic impacts are very severe particularly for the construction sector. As Malaysia gradually recovers and construction sites resume work (4th May 2020) there is some hope the worst may be
behind us. However, with the property sector remaining sluggish and subdued, Government led initiatives are necessary to maintain a meaningful recovery. More clarity on our future prospects should come after Budget 2021 in November 2020 and the 12th Malaysian Plan in January 2021.
The outlook for the construction sector in Singapore appears more optimistic. Although the resumption of construction work after the Circuit Breaker (2nd June 2020) is slow due to the widespread infections of foreign workers, we can expect full utilisation of our rigs probably by October 2020. We have also witnessed the Government taking aggressive and concrete steps to support and assist businesses and are confident overall there will not be much, if any, reduction in construction project spending by the Government. Some delays and deferments of projects may happen but new ones can be expected. Our can manufacturing business has also been hard hit but recovery is ongoing and hopefully recover fully by year 2021. Overall, the Group’s financial performance is expected to remain positive in FY2021 mainly supported by our strong construction
order book of close to RM400 million and tender book value at about RM3.5 billion. However, we have to be vigilant, nimble and undertake measures to face uncertainties and the extraordinary challenges ahead.

Come over to the dark side, ...for resistance is futile....!

.same here..

Baby baby it is coming down

Waiting for it to drop even more ...

Smart beginners...what is your basis for saying such a thing leh ?

It is just pending the impetus from construction projects

@ Good123, I believe they pay cash because it is expected the digestion period for such a high end property will run somewhere between 4 to 5 years.

Until now, there is no news about the capital city mall in JB...the Singapore company still owes Gadang about RM100M++ ....

But this is a good counter though...

Low landbank cost of its Pearl City township,
Very near to BatuKawan...the next satellite city of Penang,
Lots of big guns at Batu Kawan such as Paramount, EcoWorld, Aspen Vision, ...
Very low gearing,
GDV of the remaining undeveloped landbank is at RM3B,
40 to 60 percent dividend payment..
Conservative management team...they don't simply go and buy land but targets to expand their Pearl City land at the most opportune moment, such as buying land from TPPT at a low per square feet cost,
Consistent gross profit of 40 percent...
Owner consistently loading up on this counter...

Lots of things to like about this counter..
More like an apek counter....

But wait until the property market swing upwards . And this counter will fly.

Also, the profit gotta grow to justify the share price increase

The impetus for this counter is the announcement of mega projects and the winning of construction contracts ...

But whether Paramount has got this balance sheet liquidity to offer a loan to the buyers ? Now, you wanna be the financier and the developer ... Not easy leh....

How does the synergy between the digital banking business and it's property division is going to play out ? I cannot understand this portion ...

@ Good123, why the company is bothered with the digital banking license ?

Drop more, buy more ...

My price for all in is between 70 cents to 73 cents...

If using 1 year low as your guide...63 cents is your lowest....73 cents is just 10 cents more than 63 cents...it already provided you with a large enough margin of safety....with lots of potential upside

Wait for it to drop to 73 cents..then, all in liaw

Too many optimistic and idealistic investors here...

Keep collecting and keep dying ...

I feel very lonely...so lonely...no one wanna talk with me....

Me not greedy....waiting at 75 cents

@ BabyAce, you sure boh? Gadang is your top priority pick in construction sector ? Sure boh? Why ? The way I look at it...Gadang is heading to Holland liaw....Holland King!

@ smart beginners... Seems like Gadang is tengah Lou sai ...

In US......other states are experiencing a steep rise in infection despite a gradual reopening ...and coupled with the racial incited riots....this may worsen the Covid19 infection cases.... A second lockdown may not be too far fetched....

Also, the US election this Nov and back home...we have another political saga with the real possibility of a snap election. All these uncertainties are putting a strong downward pressure on Gadang share price...

Please stop bantering TP price can achieve by when and when....Gadang is currently under alued in relation to its promising contract wins in the future....but don't expect the price to rocket so soon....

Just be patient and collect on the sidelines...

Friend...Dow drops leh on last Fri...there is a real fear US and China maybe entering the second great lockdown ...

@ smart beginners...got good news ? Where where where ?

I think the reason why this counter is dead in the water despite an impending record breaking quarter is because investors will not easily forget what tan Sri did on the share price.

Last time, the share price was hovering at about RM0.60 to RM0.80 range...then, Tan Sri purposely priced the rights at RM0.36 and many shareholders who don't have the means to take up the rights are caught...

You guys are so hopelessly optimistic...the real show starts tomorrow when the Dow drops like a rock tonite...

@ Will75.... What?? Are you talking to me?

Your friend, Gadang tengah "lau sai" in the toilet....bi bi bah bah....the toilet bowl crack liaw....very noisy...cannot hear you lar.

But this time around, Malaysia is not impacted.

Don't know whether this drop will be as severe as the ones that we had back in Mar2020?

Smart beginners...you are back

Hehehe ....Dow Jones big crash ....half of my prediction is coming true...

Dow Jones big crash....

Gadang tengah Lau sai

Remember...next quarter will be from Mar to May2020 which will bear the full brunt of the MCO and fair value loss of DWL ....we are looking at a historic loss....

Don't worry...keep on buying and the price will keep on flying.... :-)

Yeah all of you ...don't worry about DWL....never mind next quarter's results will be worst in Gadang's history compounded by the fair value loss on DWL...don't worry...share price will keep on flying....fly fly fly.....with no resemblance to fundamentals...don't worry...be happy :-)

Hahaha

Where is Ivan's much famed crystal ball? Gonna breach 52 cents liaw...

@ hungerr. ..I agree with your assessment .

Tough days ahead for Gadang. That is why I dare to put my xiao Di Di on the line! Gadang confirm drop to 30 cents and below ....

Sell now before you regret ...