LRT3: Price cuts to the bones, not much meat/fat left, no cost over-run (fixed price project now), project construction time now extended, meaning potential material and labour costs , etc... and rising interest rate environment. Smell potential danger !!!
Gadang is fortunate to land projects that escaped the cutting knife of PH Govt which hammered other construction compaines
1) Its MRT Job ongoing KVMRT V206 project , (RM952 MILLIONS VIADUCT PROJECT FROM SERDANG RAYA TO UPM)
2) Its 2 Jobs package in Pengerang RAPID buffered by Rm28 Billions cash infusion from Saudi Aramco. Gadang might still win some more projects in RAPID like Dialogue which is still expanding. And more downstream investments on the way.
3) Its Cyberjaya Hospital Project is a neccessity
4) And TRX is not cancelled. WCT even won a fresh project for TRX
5) Its white elephant Capital City is saved by its cash rich partner Hatten from Singapore
This week or next Gadang should be out with another good QTR
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3101 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gohkimhock
3,061 posts
Posted by gohkimhock > 2018-07-13 00:26 | Report Abuse
I still believe HaiO is the best value investing counter than construction counters.