When we compare btw Q1FY21 vs Q1FY20 (pre-Covid19), the revenue from progress billings is lower indicating that the work in progress from Construction is slower. Maybe the Covid19 has severely disrupted the supply chain, resulting in inefficiency in work flow, harder to procure construction materials and workers displacement. All this leads to higher overheads resulting in margin compression.

Probably, a more reasonable comparison is to compare btw Q4FY20 Vs Q1FY21. By virtue of net profit before tax, it seems Gadang is slowly picking itself back up.

If we compare Vs Q1FY20, this is unreasonable because it is pre_covid 19 level.

Erectile dysfunction got lar

Price wise, how to get an erection ?
When Anwar wanna challenge Mr Moh...

Specially just for you to collect

Heard it will drop to 20cents

Sell bah...sampah rubbish stock

Why you say got sharks ?

Yalor...funny...the people in this forum

Maybe will even surpassed paramount

This I agree...Tambun boss keeps on buying....

Behold...the power of Tambun...

Affordable housing to the fore...

Next stop is 70 cents

You guys see lar...my prediction comes true...hitting 60 cents...

I suspect this is something like Petronas Penggerang...whereby they keep on winning projects from the principal

Gadang has a foothold in this project given that they keep on winning contracts from TRX ...

@ smart beginners, why you so sure ?

Tambun is slowly inching up to 60 cents...

Paramount unbilled sales is close to $700M, this making Tambun peanuts compared to Paramount...

Gadang buat wayang

Pangolin...I second this...

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 ...