tomorrow will drop 0.15 and below if u see chart...wait & see..hati2 jangan sampai mati...

to me still downtrend...price done at level 0.16 to 0.165 with huge volume..wait & see..

price will break at level 0.13 to 0.15...take time to rebound...contra player will die...

buy at 0.25 and below, sell at 0.29...

back to 0.15...

tomorrow continue up trend to touch 4.50..back to the normal...before drop...

waiting buy at level 4.20 to 4.30 if FBM 30 continue red this week...

still buying mode,try close at 4.40 and above.

Subject: Gamuda Bhd - The water saga continues - KAF

We believe the 11% (52 sen) decline in Gamuda shares so far this year, due to the water overhang, represents a great buying opportunity. This discount exceeds the full value of its stake in SPLASH, estimated at 47 sen per share. The stock is trading at cheap 14x FY14F relative to its historical average of 19x. Buy.

Best Regards,
KAF Research



WHY BOTHER?
ISSUES TO CONSIDER
• Water is a state government matter. The Chief Minister of Selangor, Tan Sri Khalid Ibrahim was quoted in the press on 9 January as threatening to invoke Section 114 of the Water Services Industry Act 2006. Essentially, this allows the government to take over the management of water assets in Selangor. On 13 January, Tan Sri went a step further by revoking the raw water license issued to the water concessionaires. As we understand it, the water treatment players require a raw water license that regulates raw water intake from the river to treatment plants. Without this license, the water concessionaires would have to cease operations, as they would effectively have no water source.
• Water is a state government matter. The Chief Minister of Selangor, Tan Sri Khalid Ibrahim was quoted in the press on 9 January as threatening to invoke Section 114 of the Water Services Industry Act 2006. Essentially, this allows the government to take over the management of water assets in Selangor. On 13 January, Tan Sri went a step further by revoking the raw water license issued to the water concessionaires. As we understand it, the water treatment players require a raw water license that regulates raw water intake from the river to treatment plants. Without this license, the water concessionaires would have to cease operations, as they would effectively have no water source.
• Wider repercussions. Moreover, we believe that nationalisation of water assets would have wider repercussions beyond the water sector. It would be damaging for other privatisations such as independent power plants and toll roads, and ultimately, the private investment climate in Malaysia.
• On track. Apart from the water issue, we understand from Gamuda that the rest of the business is on track. The MRT Line 2 approval should be forthcoming, while it is business as usual for its toll roads and property development divisions.

ACTIONABLE IDEAS
• Buy Gamuda for the best exposure into the construction sector on the back of a multi-year industry boom. We believe the water overhang is overdone with the stock falling as low as RM4.10 on 16 January before recouping some of the losses.

KEY CATALYSTS
• Positive new flows on progress of the MRT Line 2 towards receiving Cabinet approval and subsequent approval of MMC-Gamuda as the PDP for coordinating the project.
• Government implements the southern electrified double railway track project as indicated in the recent Budget 2014.
• Replenishes its land bank at good locations and at reasonable prices thus providing good schedule of property launches over the next few years amid strong property demand.

KEY RISKS
• Execution of the MRT Line 1 project runs into technical difficulty jeopardizing the 6% PDP fee.
• Sudden fall in consumer sentiment causing a sharp contraction in property sales in Malaysia.
• One round of rapid increase in building materials prices causing degradation of profits for Gamuda’s construction and property businesses.

after breakout at 4.50, continue up 4.80...depend on market...now full support at 4.30..still call buy...institution collect more today to support this stock...

still can buy if drop 4.30 and below...sure next week going up at 4.50, 4.80 and 5.20 to 5.50 this year...good fundamental...

collect more GAMUDA today ...now at support level 4.30....call buy...

sorry palm oil only for ioicorp...ioipg still no dividend policy...RPGT increasing will curb properties price ...lower demand from properties price range 500k - 999k....

to me sell at 3.00 and above...palm oil price drop below 2500...no dividend policy...

high today...9.24....continue up trend.....to touch 9.50...

good opening today...RM9.10....above 9.00...

call buy at 4.50 and below...target still 4.80 (short term) & 5.20 - 5.50 (this year)...

misc will touch 5.80 in 3x..i think this round if breakout 5.80, will going up at 6.20 to 6.50 level...
still call buy at 5.80 and below..

GO...GO...GO...9.00 waiting for u..

new target price after breakout 2.00....TP 2.30 next 2.70....wait & see..continue up...

kaw...kaw...kaw...easy to touch 9.00.....

up..up..up...can fly 9.00 and above this month...TP still 10.00, next 11.00.

call buy now...work components remained unfinished 2%...98% completed...ready to open on may 2014...

like superman...anytime touch 3.00. tp 3.20....

slow and steady....collect more mhb below 3.80...if breakout can touch 4.00 and 4.20...if breakout next 4.50 and 4.80.

still buying mode...to me still can buy ..TP 1.10 next 1.30....next 1.50.

reverse up...if breakout 0.93...easy to touch 0.95 & 0.98...

still can buy...best buy if buy 0.90 and below..company start buy back ....director increase holding..kwap cease holding...

may be today closed at 3.60,3.70,3.80 or 4.00...wait & see.

buy now...window dressing today...

continue up trend...

yea..still up trend..waiting 6 cent dividend..somebody try create bad news.but..tak menjadi..next 5 month, confident klia 2 will ready to operate..mkt down airport will support..

still can buy ...to me, collect more if drop 0.90 and below..waiting agm & propose share buy back.confident will touch 1.10 to 1.30.wait & see.

BUY 9.00 & BELOW, SELL AT 9.50 & ABOVE..TP STILL 10.00 & 11.00 NEXT TP)

collect...collect...still can buy...

call buy 0.45 and below....TP 0.60...

wow..i like this stock...money...money...money..

wow drop again...waiting at 0.27...now at 0.275....warrant collect at 0.085...

next IPO rally up i think titijaya..this week caring & bjauto back to first day listing price...so, fikir2 la...3 x drop at 1.49...

27/12/2013 company proposed renewal share buy back 10% from paid up capital minus treasury share..around 80 mil shares will be buy by benalec...so, apa tunggu lagi...collect more ...confirm window dressing for benalec price can touch 1.30...

can buy now at 1.50 (IPO price & support level)...buy before rally coming this month...target stable price at 1.80 to 2.00 ....

try to touch 1.10 and close at 1.05 and above..

Q at lower to get better price at opening price...actually strategy to me..

collect more if drop 9.00 and below...confident this stock will continue up till next year...TP 10.00 & 11.00 (next TP)..waiting dividend announcement in dec 2013....

today up to 1.10???? wait & see..2 cent dividend good for GLC & GLIC to support this stock... continue up ... if drop just at 1.00 bottom before rally for year end sales...

siapa boleh jual 8 mil shares perday kalau bukan major shareholder... retail?

call buy if dato faruk stop selling this stock...dato faruk still sell APFT in open market...best buy at 0.27 and below...before jump at 0.36 (first TP) and 0.45 (next TP)..

sudah ku bilang...buy...buy...buy...now 1.00 already...target still 1.20 & 1.30 for 2/3 month...

WOW..if today breakout 0.98, confirm can up 1.00 and above...waiting good news .....

how far maybulk can go, if EPF and LTH (syariah counter) buy back this stock...so, better collect now 1.80 and below....