Posted by kjk85 > 2018-05-30 16:09 | Report Abuse

you can check the volume who sell at rm3.00, it's huge. DEFINITELY it is coming from financial institution. could it be EPF again like what they did to myeg ?

Posted by DO RE MI > 2018-05-30 16:10 | Report Abuse

30-May-2018 Price Target Gamuda - Cancellation of KL-SG High Speed Rail
Source : KENANGA, Price Call : BUY, Price Target : 5.50
Last Price : 3.08, Upside/Downside : +2.42(78.57%)

Posted by DO RE MI > 2018-05-30 16:11 | Report Abuse

It was reported that Malaysia is looking to drop the KL-SG HSR project. It is a negative surprise for GAMUDA and its consortium partner MRCB, as they will no longer have the PDP role for the project. No changes to FY18-19E earnings. Maintain OUTPERFORM with a lower SoP-driven Target Price of RM5.50 (previously, RM5.65).

News. It was reported by various media that the Prime Minister of the newly formed government of Malaysia, Tun Dr Mahathir Mohamad, indicated that Malaysia is dropping the plan for a high-speed rail link between Kuala Lumpur and Singapore.

Negative surprise to GAMUDA and MRCB, as this move will cause them to lose their PDP role. To recap, the PDP role was awarded to GAMUDA and MRCB back in 5th April 2018, which we anticipate c.RM26.0b worth of works for their portion in the Northern region. However, we believe that the government’s swift decision may be a blessing in disguise for GAMUDA and MRCB as minimal work/cost been incurred for the project as it is still at preliminary stage.

Outlook. GAMUDA’s outstanding order-book comfortably stands at RM6.9b with 3-year visibility. As for its property division, GAMUDA managed to rake in RM1.9b worth of sales in 1H18, bringing its unbilled sales to RM2.4b with 3-year visibility.

Estimates unchanged. Despite the news of cancellation of HSR, we make no changes to our FY18-19E earnings, as we have yet factored it into our FY18-19E earnings given that we were only expecting construction works to kick off in 2020.

Maintain OUTPERFORM. We reiterate our OUTPERFORM call on GAMUDA on lower SoP-driven Target Price of RM5.50 (previously, MP; TP: RM5.65) after removing the HSR project from our valuation. Previously, we assumed 5% PDP fees on the back of project value of RM26.0b. Going forward, we believe GAMUDA would still be one of the top picks in the construction industry despite market uncertainty as they are one of the leading contractors that has vast experience in tunnelling works, making them a strong contender for projects like MRT3.

Downside risks to our call include: (i) unexpected delay of MRT2 project, (ii) another deadlock in SPLASH takeover deal, (iii) higher-than- expected input costs, and (iv) lower-than-expected property sales.

Source: Kenanga Research - 30 May 2018

Posted by Nikmon > 2018-05-30 16:16 | Report Abuse

US DJi future up 100 points, would this help.

Posted by DO RE MI > 2018-05-30 16:32 | Report Abuse

keep mid term.

Posted by M168 > 2018-05-30 17:04 | Report Abuse

MRT3 scrapped too !!

Posted by DO RE MI > 2018-05-30 17:05 | Report Abuse

yeah but i think mrt3 haven beent awarded to anyone yet ..im cant find sources about this.

Posted by relaks > 2018-05-30 17:06 | Report Abuse

Gamuda oso handles tolls, right?

Posted by DO RE MI > 2018-05-30 17:11 | Report Abuse

yes tolls too..thats the biggest risk

Posted by WD40 > 2018-05-30 17:16 | Report Abuse

Everything has a solution.
call befrienders: 03-79568145

Posted by Lee Yih Yeong > 2018-05-30 17:17 | Report Abuse

gamuda in double trouble

Posted by digidigi > 2018-05-30 17:18 | Report Abuse

Ah long business should be good moving forward

Posted by Poisonivy > 2018-05-30 17:25 | Report Abuse

You are right loan shark business will be brisk many mati margin call coming

Posted by hellbender > 2018-05-30 17:26 | Report Abuse

should never play margin... too risky. good luck.

Posted by Poisonivy > 2018-05-30 17:26 | Report Abuse

Afraid before solution all already dissappear from these belove land lost like nobody business paper gone gone gone with the wind and ash

Posted by M168 > 2018-05-30 17:27 | Report Abuse

HSR MRT3 SPLASH TOLL

Posted by Enemiemannan > 2018-05-30 17:42 | Report Abuse

will the goverment re nego the contract sign? for mrt line 2?

Posted by Enemiemannan > 2018-05-30 17:42 | Report Abuse

government now finding every way to cut down the cost

Posted by Kampung Boy > 2018-05-30 18:31 | Report Abuse

Chow Chee Bai TM. I lost until I cannot see the road today. FARK THE NEW PH.

Posted by stockraider > 2018-05-30 18:35 | Report Abuse

so lucky no limit down

Posted by akupolitikkk > 2018-05-30 18:42 | Report Abuse

RM1?

Posted by poorinvestor > 2018-05-30 19:07 | Report Abuse

Consequences of vote for Tun M

Posted by Murtadza Abu Bakar > 2018-05-30 19:17 | Report Abuse

Do business, play politics..... Good combinations! Now crying time.FA and TA experts sudah pergi mana?

Posted by hipster > 2018-05-30 19:23 | Report Abuse

i understand they need to cut cost, but can they not do it gradually? how is it benefiting anyone by crashing the stock market with all these bombastic news?
voting for PH turn out to be a complete disaster!-(

Posted by Nikmon > 2018-05-30 19:30 | Report Abuse

if you know PH will win, i figure you @hipster will sell all GLC before election...

Posted by hollandking > 2018-05-30 19:32 | Report Abuse

fa ta all pecah liao. Is now u r on your own.

Posted by hipster > 2018-05-30 19:36 | Report Abuse

@Nikmon
if i knew who will win, i will buy lottery not stock!-)

Posted by CharlesT > 2018-05-30 19:37 | Report Abuse

I think the population of share investors in bursa is relatively small lah...so they rather ignore this n focus on their shows

Posted by CharlesT > 2018-05-30 19:38 | Report Abuse

Anyway if u hv more cash than shares then u should welcome this mega sales...however if u hv more shares tham cash or even using margin then sorry loh

Posted by oranje > 2018-05-30 19:40 | Report Abuse

aiyoooo limit down hence get out call from orange the legend since february 2018...

Posted by hollandking > 2018-05-30 19:40 | Report Abuse

when tun do things, he doesn't delay with all sorts of excuse, when he say he will do it, he will do it. He is a workaholic. Zeti say 100 days explain how to cut GST, tun say cut gst june. He is also a very punctual person, if you made an appointment, make sure u r early and not late by even 1 minute. I still believe Tun's team can rebuild the country, give them time. As for those who brought crony counters, is your own fault, when u bet on these bn crony counters, were u expecting BN to win? Here you guys say support harapan, there u guys go bet on BN crony counters. That day, on the eve of election, I sold mrcb, why? Bcoz I dont want to here i say harapan win, there i go and bet BN win. What did u guys did? U bet on BN win, so now these counters fall, u guys go blame harapan.

Posted by CharlesT > 2018-05-30 19:44 | Report Abuse

I think gamuda is not really a bn counters lah strictly speaking

Posted by CharlesT > 2018-05-30 19:47 | Report Abuse

Anyway never expect gamuda we to drop to 0.40+..even lower than my cost of wr many years ago....

Posted by hollandking > 2018-05-30 19:48 | Report Abuse

Is in General, not aimed at any counters. Depending on the perception of the readers

Posted by huntertee > 2018-05-30 20:09 | Report Abuse

Lost alot as never expected it to drop so much.

Posted by pang72 > 2018-05-30 20:11 | Report Abuse

Today gamuda drop 95sen. Tomorrow, IJM will drop 95sen!!

Posted by cheeyong > 2018-05-30 20:16 | Report Abuse

All the construction stock finished by TUN MA... Why why Why??

Posted by oranje > 2018-05-30 20:23 | Report Abuse

Announcement - Bollywood gonna make a movie on Mamak Mahathir
Savior of Malaysia

What do you Construction counter Investors think ?
Life full of ironies

Posted by Siew Jian Bin > 2018-05-30 20:24 | Report Abuse

IJM cannot drop 95 sen, already more than 30% limit down! Haha...

Posted by lizi > 2018-05-30 21:02 | Report Abuse

2 of my prediction cun cun kena...next splash.


lizi future mega project for sure delay or cancel to make way for gst abolishment and fuel subsidy. priority is now cleaning the mess, not spending...splash sale also not sure can get good value or not since selangor and federal gov now same same....maybe they will tekan the value to save money for gov.
14/05/2018 11:40

Posted by emil > 2018-05-30 21:06 | Report Abuse

Next week announce ECRL scrap another Limit Down??

Posted by Batman888 > 2018-05-30 21:11 | Report Abuse

win 10 times not afford to lose 1 big time!

Posted by lizi > 2018-05-30 21:12 | Report Abuse

these 3 years construction has been spoil with free money under ahjib massive projects.....now i am worry if construction sector can survive or not....tough times ahead..i worry construction follow property enter into slump.

Posted by PeterNg > 2018-05-30 21:42 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/03/22/gamudammcgeorge-kent-jv-likely-to-win-mrt3-contract/

Posted by PeterNg > 2018-05-30 21:42 | Report Abuse

Will this impact Gamuda?

Posted by treety > 2018-05-30 21:59 | Report Abuse

Saw high volume at 50 cents......once apon a time

Posted by digidigi > 2018-05-31 00:11 | Report Abuse

ext week announce ECRL scrap another Limit Down??
30/05/2018 21:0

This project kena pay fine also must cancel. Must worst than hsr and mrt, it just work for the benefit of china

Posted by Jason > 2018-05-31 00:23 | Report Abuse

Hope Gamuda can stagnant at 2.50...

Posted by bigearl > 2018-05-31 02:00 | Report Abuse

I guess this is as good as dead.

Posted by bigearl > 2018-05-31 02:00 | Report Abuse

I guess this is as good as dead.