Posted by pengwin > 2018-10-09 16:05 | Report Abuse

Back then they are BN crony, and before that they are also involved in MRT1...of course can pay good dividend...now their margin have to slash, no guarantee they can even renegotiate or succesfully re-tender, how to pay dividend?? Their latest quarter also making losses before this fiasco, not earning money how to give out money

Posted by KAQ4468 > 2018-10-09 16:05 | Report Abuse

Aiyooo Titus

1.80 sure mariiii
1.70 pasti datang
1.60 Kasi hantammmmm !!!!

Sifu bought at 2.40 - 2.50


Sifu should know 3 days booming scheduled

Posted by Pilotsport > 2018-10-09 16:06 | Report Abuse

Who kena margin call.....haha

Posted by sjwee3 > 2018-10-09 16:07 | Report Abuse

Unless chop the head of MMC or Gamuda. If not tiny chance await.

Posted by huatahhuat > 2018-10-09 16:07 | Report Abuse

Lge stand strong, no sign of back off during his response today

Posted by sjwee3 > 2018-10-09 16:08 | Report Abuse

Want negotiate can. Chop their CEO.

Posted by Cindybull > 2018-10-09 16:08 | Report Abuse

hahah many short seller here and ph blind supporter here dangerous..trying hard to manipulate the people...ok let them play their game we shall see

Posted by titus > 2018-10-09 16:09 | Report Abuse

Pengwin, dun say fake support la....because i actually did contribute to the so call fake support. So now i naik kereta already. Din expect it i park some at 2.40 and it match.....lol

Posted by pengwin > 2018-10-09 16:09 | Report Abuse

@huatahhuat Of course LGE will stand strong, he cannot back down from his surprise statement yesterday....if he back down now he will appear weak and flip-flop, he also cannot back down already....he will push through with what he say - now Gamuda will either have to renegotiate with big discounts or risk re-tendering, it is a no-win situation.....lose 25% discount or 90% of their construction order book if they lose the contract

Posted by GoodBoy > 2018-10-09 16:10 | Report Abuse

Lai lai lai ... waiting at 1.50 ... later kaboom to 3.00 100% profit ... hahaha ...

Posted by pengwin > 2018-10-09 16:10 | Report Abuse

@titus lol XD good luck I guess....just pray it is 20% discount and not 90% construction order book loss

Posted by pengwin > 2018-10-09 16:13 | Report Abuse

sell rate is now approaching 50%....and it is still not yet 430pm

Posted by sjwee3 > 2018-10-09 16:15 | Report Abuse

Unless chop their CEO and return back all their bribe and profit.

Posted by optimusprimeXV > 2018-10-09 16:17 | Report Abuse

this stock you short..tomorrow gap up you sell your underwear

Posted by Pilotsport > 2018-10-09 16:17 | Report Abuse

Project cancel loh

Posted by pengwin > 2018-10-09 16:17 | Report Abuse

Moment of truth approaching...will there be more short sellers buying at 430pm to close position or contra players selling at 430pm to reduce their margin...tug of war

Posted by Pilotsport > 2018-10-09 16:18 | Report Abuse

Lim guan eng boleh

Posted by Victor Yong > 2018-10-09 16:18 | Report Abuse

:)

KUALA LUMPUR (Oct 9): Shares of Gamuda Bhd remained actively traded in the afternoon session, with 44.43 million shares done as at 3:13pm. It was the third most active counter on Bursa Malaysia.

The group’s share price was up one sen or 0.41% at RM2.44 at the time of writing, giving it a market capitalisation of RM6.05 billion. Yesterday, Gamuda’s stock closed 24% or 78 sen lower at RM2.43, following news on the terminating of MMC Gamuda KVMRT (T) Sdn Bhd underground contract for the Mass Rapid Transit Line 2 (MRT2) project.

MMC Gamuda KVMRT is a 50:50 joint venture (JV) between Gamuda and MMC Corp Bhd.

MMC Corp also saw its shares rebound by five sen or 4.42% to trade at RM1.18 at 3:16pm, giving it a market cap of RM3.56 billion.

MMC Corp’s shares were not as actively traded as Gamuda, with 1.06 million shares done at the time of writing.

In a four-page statement yesterday, MMC-Gamuda KVMRT said it was not given a fair chance to work out the cost reduction for the underground works of MRT2 as the Ministry of Finance (MoF) did not reveal the target it wants to achieve.

However, the JV company said it remains open to further discussions with the MoF in reaching an agreeable reduction.

Both MMC and Gamuda said so far, they have not received any notice from MRT Corp Sdn Bhd or the government pertaining to the termination of the MRT2 underground contract.

Posted by stockraider > 2018-10-09 16:18 | Report Abuse

Why Gamuda keep dropping ??
when compare to MMC already stabilise & price recover up leh ??

Posted by Victor Yong > 2018-10-09 16:19 | Report Abuse

Probably, starting from Thursday, it would rebound... Till tomorrow, contra players need to close position...but they could close their positions by tomorrow, then buyback :)

Posted by Victor Yong > 2018-10-09 16:20 | Report Abuse

I think , all players are waiting for mof to say something :)

Posted by titus > 2018-10-09 16:21 | Report Abuse

Pengwin....i buy very little only. Just for fun. Thought want to test my trading skill but now kena bombing....hehe......worst case....lose few bucket KFC loh

Posted by pengwin > 2018-10-09 16:21 | Report Abuse

@stockraider because MMC is more diversified whereas Gamuda is the actual project delivery partner with all the costs in the game....the KVMRT2 represents 90% of its current construction order book with 10% being the also controversial Pan Borneo Highway....that's why whether it is a price discount of 20% or a complete loss...it is a no-win situation for Gamuda

Posted by pengwin > 2018-10-09 16:24 | Report Abuse

If Gamuda give 30% discount means share price also 30% discount lo.....that's why likely to drop further....especially if you consider the future prospects moving forward, this means the government is very stingy with construction budget and can be very ruthless in cutting prices....

Posted by apple168 > 2018-10-09 16:25 | Report Abuse

Forget about get back the project! Another IWCITY to be... stop dreaming...

Posted by pengwin > 2018-10-09 16:25 | Report Abuse

That's why half an hour ago I said last chance to dispose....now 2.38 going, going, gone~~

Posted by vitac > 2018-10-09 16:26 | Report Abuse

very true, gamuda more depending on gov project, pan borneo slashed mrt 3 slashed now mrt 2 also slashed, if the project carry on also will be lost making .. very dangerous to touch now..

Posted by titus > 2018-10-09 16:26 | Report Abuse

those holding warrant.....all die hard...

Posted by Cindybull > 2018-10-09 16:27 | Report Abuse

lge prata king what...if gamuda gg whole country gg..n if 1.5 I will be damn happy to collect hahah

Posted by Cindybull > 2018-10-09 16:28 | Report Abuse

short seller u may shout all u want but please know who is gamuda and do some homework before u short n not purely base on news

Posted by pengwin > 2018-10-09 16:28 | Report Abuse

I predicted the closing price will be 2.40 and below....few believe me...now 2.38 also broken, as I said is fake support...there is no bottom here, it is a falling knife

Posted by JJchan > 2018-10-09 16:28 | Report Abuse

4.30----gweilo starts throwing

Posted by Goh Kim Hock > 2018-10-09 16:29 | Report Abuse

Support LGE. People's finance minister. Say no to inflated project costs.

Posted by Pilotsport > 2018-10-09 16:29 | Report Abuse

http://www.klsescreener.com/v2/news/view/440942

Posted by huatahhuat > 2018-10-09 16:29 | Report Abuse

Yesterday batch of buyers rush to cut loss after lunch today

Posted by tksw > 2018-10-09 16:30 | Report Abuse

this time veli big wok

Posted by Pilotsport > 2018-10-09 16:30 | Report Abuse

Tomorrow rebound

Posted by pengwin > 2018-10-09 16:31 | Report Abuse

Earlier many say will rebound la will fly la....I don't see the rebound at all....maybe one day in the future the price will recover but for that to happen Gamuda must first cling on to this KVMRT2 project at a discount and work hard to replenish the losses by getting other contracts....honestly very difficult in the current political climate

Posted by Victor Yong > 2018-10-09 16:32 | Report Abuse

Common sense, if MMC gamuda agree to lower it, surely strike a deal... Biz is about money :)

Posted by pengwin > 2018-10-09 16:34 | Report Abuse

There may be some technical rebound in the coming days but not worth the risk at all for those few cents.....for a real rebound back to RM 3 and above that will take time...must be prepared to hold but for now, the bottom is not in sight...there is no good outcome for Gamuda at all, it can either lose 20-30% of its contract revenue or lose 100% of it...it is a no-win scenario

Posted by bankrupt > 2018-10-09 16:34 | Report Abuse

Loss QR 2.4 ? Why not below RM 1?

Posted by Victor Yong > 2018-10-09 16:35 | Report Abuse

Segmental Analysis `Engineering and ConstructionProperty Development and Club OperationsWater and ExpresswayConcessionsInter-segmentEliminationTotal12 months period RM'000RM'000RM'000RM'000RM'000ended 31 July 2018REVENUERevenue as reported1,924,558 1,806,851 495,651 - 4,227,060 Share of joint venture companies' revenue2,140,996 784,793 16,170 - 2,941,959 4,065,554 2,591,644 511,821 - 7,169,019 Inter-segment sales438,071 - - (438,071) - Total revenue 4,503,625 2,591,644 511,821 (438,071) 7,169,019 RESULTSProfit from operations252,543 191,370 252,719 - 696,632 Finance costs(10,917) (48,580) (36,573) - (96,070) Share of profits/(loss) of associated companies1,411 1,480 (97,714) - (94,823) Share of profits/(loss) of joint ventures 124,456 101,974 (2,867) - 223,563 Profit before taxation (Refer to note 5 below)367,493 246,244 115,565 - 729,302 Percentage of segment results 50%34%16%Taxation(164,945) Profit for the year564,357

Posted by lamkin > 2018-10-09 16:35 | Report Abuse

another selling down coming, scary

Posted by Victor Yong > 2018-10-09 16:36 | Report Abuse

Only about 50% of gamuda profit was from engineering n construction, not the end of the world for gamuda :)

Posted by pengwin > 2018-10-09 16:37 | Report Abuse

@sardin81, no guarantee that you will earn at 2.35 also....buy on rebound not on weakness, this is clearly speculative technical trade

Posted by titus > 2018-10-09 16:37 | Report Abuse

i lost 1 tony roma steak......lol

Posted by pengwin > 2018-10-09 16:37 | Report Abuse

@Victor Yong, you just said it...50% from construction, and of that 50%, almost all from KVMRT. Which means if cancelled, 50% of stock value gone....

Posted by pengwin > 2018-10-09 16:39 | Report Abuse

New low achieved, 2.36

Posted by Victor Yong > 2018-10-09 16:39 | Report Abuse

U read the quarterly report

Posted by bagan > 2018-10-09 16:39 | Report Abuse

get ready guys I nak push ni hahahah...