Posted by ks55 > 2021-12-13 15:24 | Report Abuse

If anything mentioned by Tony Pua is libellous and jeopardize reputation of Gamuda, don't feel shy to take this Tony Pua to court. Ask him to pay 5% of rm 8.82 billion as compensation.

Posted by pjflower > 2021-12-17 18:10 | Report Abuse

there is a simple way to verify Tony Pua is good, righteous or a bad guy:-
1) did he cut down a lot of construction cost for the project?
YES, from the revised construction contract figures, it said so. The contract for the elevated
package was changed from PDP contract to turnkey contract with many optimized designs cut
down the construction cost tremendously. The turnkey contract cost for underground package
was also cut down tremendously.

If you now go and visit the MRT Line-2 elevated stations for Phase-1 ( along Jln Kepong & Jln
Ipoh ) and compared with the MRT Line-1, you can see a lot of unnecessary design / features /
fixtures in MRT Line-1 are no more in MRT Line-2.

You clearly see MRT Line-1 is too luxury. Every time when i used MRT Line-1, I always ask - do
we need false ceiling for platform?? You spent the investment cost & subject to more
maintenance cost.

2) did he save a lot of money for government / rakyat?
YES.

3) out of all this effort, huha here & there, did he get anything for himself from whatever happened?
Police / MACC to verify.

Seeing it from your perspective ---- He is good, righteous or a bad guy.. You judge.
My 5 cents input.

Posted by bobvic96 > 2021-12-21 23:19 | Report Abuse

https://www.theedgemarkets.com/article/gamuda-1q-net-profit-down-29-qoq-rm152-mil-declares-six-sen-dividend

Gamuda 1Q net profit down 29% q-o-q to RM152 mil; declares six sen dividend
Syafiqah Salim

December 21, 2021 19:19 pm +08


KUALA LUMPUR (Dec 21): Gamuda Bhd’s net profit for the first quarter ended Oct 31, 2021 (1QFY22) fell 28.83% quarter-on-quarter (q-o-q) to RM152.37 million from RM214.08 million amid lower overseas property earnings, citing that ‘Vietnam was in lockdown’ for the quarter under review.

This resulted in lower earnings per share of 6.06 sen in 1QFY22 compared with 8.52 sen in 4QFY21, the construction group’s filing on Tuesday (Dec 21) showed.

Gamuda’s quarterly revenue also decreased by 15.74% to RM747.11 million from RM886.67 million in the immediate preceding quarter.

The group declared an interim dividend of six sen per share for the financial year ending July 31, 2022, with the entitlement date will be announced later.

On a yearly basis, the group’s net profit climbed 38.15% from RM110.3 million despite revenue declining slightly by 2.2% from RM763.95 million. Gamuda attributed the strong year-on-year earnings from all its divisions as work on all fronts continued to pick up the pace.

It said property sales improved 25% with RM838 million worth of properties sold in 1QFY22, from RM673 million in the same period last year.

“Overseas sales continued to spearhead the group’s property divisions, contributing two-thirds of overall sales. While at the local front, Gamuda Gardens and Gamuda Cove sales have doubled in volume,” it noted.

Gamuda anticipated that 2022’s performance will be driven by overseas and local property sales, as well as the continued progress of MRT Putrajaya Line (formerly called MRT Line 2).

“Moving forward, the resilience of the group is underpinned by its construction order book of RM3.8 billion and unbilled property sales totalling RM4.9 billion.

“On top of that, the group has a healthy balance sheet with low gearing of 0.2 times and a strong cash position,” it added.

Gamuda closed four sen or 1.39% higher at RM2.92, with some 763,400 shares traded. Based on its closing price, the stock was valued at RM7.34 billion. It has fallen 21.72% year-to-date.

Posted by okasanboleh > 2022-01-07 11:09 | Report Abuse

end of last year 2021, a bunch of old junks in the company retired. now young fella in-charge. pity those senior fella that worked so hard in the past aiming for the position but taken by a young guy. hopefully that young bull does not make silly big mistake, goes and challenge lions in the jungle.

why need a young fella to lead? this is not a company that need very young & creative mind to lead. leadership & experience from senior people are much more important. construction is not much other than copy & paste works with little value added thing like value engineering, new construction method ( copy & paste from others ). the main effort is to manage it wisely with experience.

Posted by pjflower > 2022-01-07 19:59 | Report Abuse

There has been quite sometime doing a lot of ground works in Australia. You may expect something to come in but do note hope soon. This news is so so to me.

Posted by Trading2U > 2022-01-13 11:17 | Report Abuse

uptrend. time to add more =)

Posted by masterus > 2022-01-13 14:50 | Report Abuse

Print more usd, inflation 6.8%. Print more, inflation 7%. Print many many usd, inflation 9%,10%.......%
How to settle the debt? Borrow new debt to pay old debt.

Posted by masterus > 2022-01-13 14:53 | Report Abuse

U.S. Inflation Hit 7% in December, Fastest Pace Since 1982
Consumer price rise exceeded 6% year over year for third straight month

Posted by ahbah > 2022-01-13 14:55 | Report Abuse

US economy is too hot ?

Need to hike interest rate to cool it down little bit ?

Posted by kevinobc > 2022-01-13 16:29 | Report Abuse

https://www.thestar.com.my/news/nation/2022/01/13/largest-ever-tunnel-boring-machines-in-sea-for-genting-ecrl-project-says-dr-wee

Posted by Geek2020 > 2022-01-17 17:00 | Report Abuse

Consolidation mode. Uptrend very soon

Posted by pjflower > 2022-01-18 15:52 | Report Abuse

China is a world famous no. 1 as an "Infrastructure Devil". They have punched through mountains / rocks from China to Pakistan, Nepal, crossed under the giant Yellow River, etc. Some of the tunnels at the north-east China have to be cooled down by ice every few minutes due to high temperature. The ECRL tunnel is simply just a peanut project.

Posted by uncensored > 2022-01-18 15:54 | Report Abuse

Fragile steel bars/Tofu-dreg project in China/Shaky building/Collapsing buildings/Poor quality

This is the steel bar used in the construction of a building in China. Its fragility is disturbing. In China, it’s everyone's dream to own their own home. China's real estate industry is arguably the largest in the world. The majority of Chinese people's savings are invested in their homes. But the quality of China's housing construction has always been a concern for buyers and residents alike. The Chinese refer to buildings that are of poor quality or even have serious safety problems as tofu-dreg projects.
These are just some of the tofu-dreg projects in China so far this year. The term "tofu-dreg" was first coined by former Chinese Premier Zhu Rongji. After he inspected the collapse of floodwalls in a southern city in 1998, the Premier angrily criticized it as a "tofu-dreg project" when asked about the cause of the failure. Since then, the term "tofu-dreg construction" has appeared frequently in all major Chinese media and has gradually become well known.
More than two decades later, the collapse of "tofu-dreg" projects in China has not disappeared or decreased. Instead, it has become more frequent. It keeps repeating itself and eventually becomes a characteristic of China that is known by the world

https://www.youtube.com/watch?v=s-2DtL-Wjkc

Posted by Geek2020 > 2022-01-20 18:51 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/12/23/gamuda-set-for-improved-profits

Posted by Marigold123 > 2022-01-21 11:25 | Report Abuse

get ready for mega projects

Posted by Geek2020 > 2022-01-22 22:07 | Report Abuse

HSR to take off right after snap polls in Johor??

Posted by Sharefisher > 2022-01-26 15:31 | Report Abuse

Pick up a bit more.

Posted by Geek2020 > 2022-01-27 11:23 | Report Abuse

KWAP resumed buying. The best way for any government going into elections is to revive the big construction projects

Posted by Sharefisher > 2022-01-28 12:42 | Report Abuse

Wish everyone happy Chinese New year.. HENG ONG HUAT AH....

Posted by Geek2020 > 2022-02-04 09:39 | Report Abuse

https://www.newcivilengineer.com/latest/watch-delivering-malaysias-5-4bn-mass-rapid-transport-project-during-a-pandemic-04-02-2022/

Posted by Legend > 2022-02-04 12:33 | Report Abuse

KUALA LUMPUR: Gamuda Bhd could secure contracts worth billions from several developments in 2022, namely the potential reactivation of the Mass Rapid Transit III (MRT3), a new bypass construction package in Australia and the revival of the Penang South Islands (PSI) land reclamation.

CGS-CIMB Research said Mass Rapid Transit Corp Sdn Bhd might relaunch the MRT3 project worth between RM20 billion and RM30 billion with civil works tender in the first half of 2022.

There are potential awards for the ongoing bid in Australia, averaging up to RM6 billion and the tender process for one new bypass construction package in New South Wales, for which the Gamuda- Ferrovial joint-venture (JV) has emerged as among the three shortlisted bidders.

The research firm said Gamuda could also benefit from the government's review of the divestment of the company's domestic highway assets via a highway trust proposal.

CGS-CIMB Research said Gamuda would still be among the main contenders for the MRT 3 in the civil works tender rounds, which could be launched in the second quarter of 2022, even with a potential change in the structure of the civil works component.

"We are positive the underground scope will likely be tendered as one single package as this bodes well for the MMC-Gamuda JV given its strong track record and credentials in the tunnelling scopes of MRT 1 and MRT2."

CGS-CIMB Research said Gamuda's end-October 2021 net gearing of 0.17 time translated into an additional borrowing capacity of over RM4 billion, based on the company's self-imposed net gearing limit of 0.7 times.

"This allows ample room for Gamuda to participate in the private sector funding component of the MRT 3 project."

CGS-CIMB Research said the PSI land reclamation project could also be launched in the second half (2H) of 2022, following the earlier setback related to a court ruling in favour of a fishing community's appeal to revoke the environmental impact assessment (EIA) approvals.

"We gather the progress is back on track, with resubmission of the project's EIA application targeted by March 2022 and likely approval by mid-2022, and the start of works is targeted for 2H of 2022."

The research firm said Gamuda's share price is at attractive levels and has reiterated an Add call with a target price of RM3.88.

© New Straits Times Press (M) Bhd

Posted by alvin5588 > 2022-02-04 15:31 | Report Abuse

https://focusmalaysia.my/cgs-cimb-gamuda-set-to-roar-with-job-revival-prospects-in-2022/?fbclid=IwAR047YsiKuqKIiATXvpOSUvfiNuZeCYEs0j2bLKyBEiapcjjzierbRCw0Es

Posted by Geek2020 > 2022-02-04 18:39 | Report Abuse

Shah Alam getting Smart Tunnel!!!
Who is the tunnel specialist in Malaysia??

Posted by Geek2020 > 2022-02-04 18:52 | Report Abuse

https://www.thestar.com.my/news/nation/2022/02/04/high-risk-areas-to-get-priority-in-plans-towards-flood-mitigation-says-pm

Posted by Sharefisher > 2022-02-14 16:08 | Report Abuse

What do you think about reinvest the dividend? Shall we take the cash?

Posted by Geek2020 > 2022-02-14 19:08 | Report Abuse

Im reinvesting.. i think the downside is limited now. Safe to reinvest. Likely Gamuda will go above 3 soon.

Posted by Sharefisher > 2022-02-15 08:52 | Report Abuse

Thanks

Posted by eddie4273 > 2022-02-15 09:57 | Report Abuse

Najib said Cash is King. So I take cash loh.. What would happen to the share price in future will be different story.. LOL

Posted by Trader1188 > 2022-02-17 08:41 | Report Abuse

Biggest news from Down Under coming soon. It’s a new chapter for Gamuda

Posted by Sharefisher > 2022-02-17 13:24 | Report Abuse

Already get the tickets.... Just waiting only.

Posted by wayneforwin > 2022-02-21 12:11 | Report Abuse

today free free free money (ASET KAYAMAS)

https://klse.i3investor.com/blogs/f51ewf/2022-02-21-story-h1599205515-...

Posted by Sharefisher > 2022-02-21 14:34 | Report Abuse

Nice.... Go go go

Posted by Riaz54 > 2022-02-21 18:53 | Report Abuse

needs to breach 3 resistance to move to 3.20

Posted by TalkC > 2022-02-22 14:33 | Report Abuse

feel like uptrend. Buy buy buy.. Very smart for those that take DRP.

Posted by Trader1188 > 2022-02-22 16:17 | Report Abuse

#From Singapore Land Transport Authority Official Page

The design and construction of the Defu station and tunnels have been awarded to Gamuda Berhad Singapore Branch - Wai Fong Construction Pte Ltd Joint Venture. Gamuda Berhad is currently constructing the Gali Batu Bus Depot, while Wai Fong Construction is building two stations on the Jurong Region Line (#JRL).

Posted by Sharefisher > 2022-02-22 16:43 | Report Abuse

Yes... Good news. 1.45b.....Good very good

Posted by Trader1188 > 2022-02-22 17:00 | Report Abuse

JV 60:40... Gamuda portion is about RM870 mil. Divided into 8 yrs, revenue p.a is about RM108 mil. Hopefully, they're able to make money from this project.

Posted by Sharefisher > 2022-02-22 17:19 | Report Abuse

Gamuda needs projects to roll, others construction companies lau nua also cannot get.... Haha ha

Posted by Trader1188 > 2022-02-22 17:38 | Report Abuse

Gamuda is a big-cap construction company. They need mega/big projects with a value above RM1 bil to sustain. Local market doesn't have big projects for them and they won't be competitive enough to compete with small to mid-cap players to get jobs below RM1 bil.

Posted by investortrader88 > 2022-02-22 17:56 | Report Abuse

https://www.theedgemarkets.com/article/gamuda-jv-awarded-rm145b-singapore-mrt-project

Posted by James > 2022-02-22 19:55 | Report Abuse

Time to Squeeze RSS and IDSS Tmr. Who short selling who gg Tmr,

Posted by pjflower > 2022-02-22 23:18 | Report Abuse

Malaysia construction companies always under quote for overseas projects. In the past, how many of them actually made money?

Posted by Sharefisher > 2022-02-23 07:56 | Report Abuse

Pjflower, which oversea project not making money? Pls share if you know.

Posted by AbangCrypto6014 > 2022-02-23 10:30 | Report Abuse

HALO SIFU TALKC, how about OCR 7 sen? pls enlight :))

Posted by Sharefisher > 2022-02-23 10:39 | Report Abuse

No lah... Some people already knew in advance, now they sell lah.... Normal in Bursa.

Posted by Sharefisher > 2022-02-23 14:57 | Report Abuse

Ha ha ha... Good news also red....

Posted by Riaz1954 > 2022-02-23 15:17 | Report Abuse

I think the answer is buy and hold assuming you have diversified holdings and have the liquidity.
More contracts hopefully to come from Australia…any contract is better than no contract as it keeps engine running and wait until elections are held and some brave investment decisions are made by the govt!

Posted by Sharefisher > 2022-02-23 15:55 | Report Abuse

Looks like a lot of speculative buyers before news out. Haha ha...

Posted by tehteh > 2022-02-23 16:15 | Report Abuse

buy the rumors sell the news will never goes wrong. haha

Posted by trading2019 > 2022-02-23 16:45 | Report Abuse

A typical buy on rumours, sell on news counter.