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
I passed by CAPITAL CITY yesterday in Booming Iskandar
Place is getting better.
A surprising change with improvements.
Will post New Photos of CAPITAL CITY later
Stay tuned.
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Posted by gohkimhock > 2018-07-13 00:26 | Report Abuse
I still believe HaiO is the best value investing counter than construction counters.