Posted by pang72 > 2022-04-04 20:44 | Report Abuse

People said litrak rm5. 08.
So, how much is Gamuda?

Posted by Phoebe > 2022-04-04 22:00 | Report Abuse

When the 1st time it was said that PH gomen want to buy over, Gamuda went up to 4.20+. Now with all the other n project on hand, I'm wondering how much it's worth now?

Posted by matklse > 2022-04-04 22:56 | Report Abuse

Fake offer to pump up the share price, big fishes want to sell high apparently.

Posted by CKW6899 > 2022-04-05 08:12 | Report Abuse

If free, can read The edge CEO Morning brief (page 4). Gamuda held different % share in Kesas, SMART, LDP and Sprint.

Posted by kokchengkai > 2022-04-05 08:51 | Report Abuse

CKW6899 , gov allow private co buy highway mean all highway income belong to the company not gov.
Private company say non profit mean all income frm toll minus staff salary , director salary , maintenance charge,gov tax wil adjust until non profit =non profit..
Private company mst use 5.5billion buy all highway , not free ...x

Posted by CKW6899 > 2022-04-05 09:18 | Report Abuse

You are right...no free lunch

Posted by DannyArcher > 2022-04-05 09:28 | Report Abuse

by selling the highway, this means going forward Gamuda earnings growth will be slow and they will also earn less. A company's price will go up and up based on earning growth, not their cash pile. This is why vincent tan was against jalil selling berjaya toto, without sportstoto, berjaya will be valued even less as the cash flow will dry up.

Posted by CKW6899 > 2022-04-05 10:00 | Report Abuse

Today the share price do not move much...

Posted by eddie4273 > 2022-04-05 10:25 | Report Abuse

Gamuda need cash for new projects. Once the other new concessions projects up. The cash flow will continue. It just short term of cash flow plan but long term plan remain same. Those big projects like Australia project, Penang Reclaim land project, Penang tunnel projects, MRT3 projects need cash to move. So, letting go this old highways could be very good news later only.

Posted by eddie4273 > 2022-04-05 10:28 | Report Abuse

If the government want to retain their position and power, they sure will not allow toll hike happens to upset citizen therefore Gamuda selling off those highway will be good move rather than maintaining old toll price (lesser inflow cash) but OPEX inflating every year.

Posted by TalkC > 2022-04-05 10:33 | Report Abuse

all buy in and earn lol.

Posted by KingKong_Doll > 2022-04-05 11:25 | Report Abuse

Also, all toll got expiry date 1 ma being litrak in 2030. If gomen allowed Gamuda to extend, ppl will go crazy loh. After reap profit so many yrs still want to extend ah? but now selling to another non-profit, itu macam can legally extend loh. Smart & sprint, I think merely breakeven. Furthermore if gomen implement into the city tax, it will drive down toll collection further. Blessing in disguise or was it intentionally?

Posted by Sharefisher > 2022-04-05 11:56 | Report Abuse

Guys, sure good and bad effects....... Today movement show positive is stronger than negative, wait for thing to go clearer.. Hold tight tight first.

Posted by TalkC > 2022-04-05 12:09 | Report Abuse

Rm3.8 TP?

Posted by Riaz1954 > 2022-04-05 12:34 | Report Abuse

Good result ..win win situation for Gamuda …I can see the share being rerated. Gamuda can focus in lucrative contracts and make gain from sale reduce debt and pay special dividend, with little loss of revenue from concession.

Posted by Riaz1954 > 2022-04-05 12:35 | Report Abuse

Target price 4.20 plus if further wins in Australia and others in Malaysia on the cards.

Posted by Riaz1954 > 2022-04-05 13:17 | Report Abuse

Very positive…..there is no negative…what so ever shareholders.

Posted by investortrader88 > 2022-04-05 13:27 | Report Abuse

https://www.theedgemarkets.com/article/gamuda-litrak-kps-rally-after-malaysian-highway-deal

Posted by investortrader88 > 2022-04-05 13:35 | Report Abuse

My average price bought gamuda RM3.03.litrak RM3.61.hope can earn some money this round

Posted by Nepo > 2022-04-05 14:37 | Report Abuse

https://www.nst.com.my/amp/business/2022/04/786064/gamuda-receives-irresistible-rm23bil-offer-stakes-four-highways%C2%A0

Posted by riffin > 2022-04-05 15:12 | Report Abuse

Gamuda to benefit from ALR’s takeover bid for Klang Valley highway toll concessionaires

Posted by riffin > 2022-04-05 15:14 | Report Abuse

Private company Amanat Lebuhraya Rakyat's (ALR) bid to take over four highway toll concessionaires in the Klang Valley is timely, given that infrastructure giant Gamuda Bhd likely needs funds to bid for some mega infrastructure projects.

Posted by riffin > 2022-04-05 15:14 | Report Abuse

If Gamuda's divestment is successful, it will help the group to repay its existing net debt of RM1.7 billion and achieve a net cash position of RM600 million. Besides, the group may also work on financing future projects, such as the Penang South Island (PSI), Australian projects, Mass Rapid Transit 3 (MRT3) Circle Line, Stormwater Management and Road 2 Tunnel (SMART2 Tunnel), which could be financed through a private financing initiative.

Posted by riffin > 2022-04-05 15:16 | Report Abuse

Gamuda on Monday April 4 received a conditional offer of RM5.48 billion from ALR — a private and not-for-profit company that is undertaking a restructuring of certain toll highway concessions on behalf of the government — to acquire all four highway concessions that it owns.

Posted by riffin > 2022-04-05 15:16 | Report Abuse

The offer is valid until April 30, 2022 and will be fully financed by sukuk.

Posted by riffin > 2022-04-05 15:16 | Report Abuse

The highway toll concessions comprise Gamuda’s 70%-owned Kesas Sdn Bhd (Kesas Expressway), 51.6%-owned Sistem Penyuraian Trafik KL Barat Sdn Bhd (SPRINT Expressway), 43.2%-owned Lingkaran Trans Kota Sdn Bhd (Damansara-Puchong Expressway or LDP) and 50%-owned Syarikat Mengurus Air Banjir dan Terowong Sdn Bhd (SMART Tunnel).

Posted by Phoebe > 2022-04-05 15:21 | Report Abuse

Hmm, I just glance thru Gamuda annual report and cimb analyst report. Gamuda will lose about Rm170 million recurring income if sold the highway to ALR and will turn net cash 600million. The AR states gamuda finance cost is Rm 117 million. So with the sale proceed, save the finance cost and then 600milliin at 2% FD, is about 12 million and no more opex cost, staff cost, tax from the highway. Not a bad deal wor .....

Posted by riffin > 2022-04-05 15:22 | Report Abuse

Local projects such as MRT3, Penang South Reclamation, SMART 2 and Sg Rasau water plant coupled with regional tender wins may contribute to earnings ahead. Its property division is also aiming to double presales to RM6 billion/year between FY21-24. Ultimately, this will help to improve sustainable earnings by over RM500 million/year. The company is also looking to reinvest in environmentally friendly (green) recurring income businesses in the infrastructure space

Posted by matklse > 2022-04-05 20:46 | Report Abuse

Big fishes just want to distribute to the retail investors, fake offers. Don't buy.

Posted by Nepo > 2022-04-05 21:30 | Report Abuse

https://www.sinchew.com.my/?p=3718657

Posted by CUTLOST > 2022-04-06 09:19 | Report Abuse

Start selling slowly loor

Posted by Sharefisher > 2022-04-06 09:42 | Report Abuse

Don't know what to do. Better don't do anything. Hold tight tight first. I want to see big boys respond first.

Posted by KingKong_Doll > 2022-04-06 15:14 | Report Abuse

Fake offer? Lol ..,
U know how many ppl eyeing that big juicy meat ah? Non profit org? Really? The edge says this deal is win win. How does extending toll will be win win leh for the rakyat? I better dun say too much later kena invite drink kopi?

Posted by Sharefisher > 2022-04-07 07:53 | Report Abuse

Toll collection is definitely better than construction in terms of stable revenue. Just sit watch the show first.

Posted by OldWiseMan100 > 2022-04-07 09:19 | Report Abuse

Imagine Genting without casino, BJCorp without Sportstoto...

Gamuda without their cash cow = moo moo

Posted by Mabel > 2022-04-07 20:30 | Report Abuse

Why not?

Air Asia without plane...

Air Asia only leased aircraft to fly..

Still everyone can fly..

Thank you for selling..

Meow Meow Meow

Posted by DannyArcher > 2022-04-08 09:01 | Report Abuse

mabel, your analogy is wrong. it is like Capital A without AirAsia.

Posted by Mabel > 2022-04-08 13:42 | Report Abuse

Hahah whatever...

Anyway Gamuda is already positive in Mabel P&L..

Maybank Target Price is RM 4.28..Potential Gain Cumming some more..

Does anyone know when will we get the Special Dividend?

Life is so beautiful...

Meow

Posted by Mabel > 2022-04-08 17:56 | Report Abuse

Thank you Sir!

Posted by Mabel > 2022-04-08 23:09 | Report Abuse

#KingKong_Doll Fake offer? Lol ..,
U know how many ppl eyeing that big juicy meat ah? Non profit org? Really? The edge says this deal is win win. How does extending toll will be win win leh for the rakyat? I better dun say too much later kena invite drink kopi?
06/04/2022 3:14 PM


In the ALR, Gomen does not come out with any money, nor guarantee anything.

Currently, Gomen is subsidising i think somewhat around RM4B if i remember correctly. This figure is going to rise.

So, this takeover does make sense.

No increase in toll, no extension .

Meow

Posted by Mabel > 2022-04-08 23:26 | Report Abuse

https://www.amanatlr.com/

Posted by Mabel > 2022-04-09 06:28 | Report Abuse

kinuxian Then, in 2H, followed by bidding result of Australia Coffs Harbour Bypass, and potential some Taiwan bid. Any success bid shall warrant a rerating. Beside, updates from Penang reclamation project shall be known too after EIA submission.

https://gamuda.listedcompany.com/misc/qr/Q222briefing.pdf

Fantastic Sharing Bro..

Mabel feel proud to be the shareholder of Gamuda..

Feel blessed to reinvest in this company..

Meow Meow Meow

Posted by Sharefisher > 2022-04-11 15:00 | Report Abuse

No need to rush. .... Wait for correction and collection.

Posted by observatory > 2022-04-12 13:56 | Report Abuse

Based on the proposed deal, at max Kesas & Smart can be extended up to 6 years, and LDP & Sprint up to 10 years. However, if the traffic growth and toll revenue are better than expected, ALR’s sukuk can be paid down faster and toll concession shortened.

According to The Edge ALR shares are owned by their five board members with extensive industry background. They can’t take profit out. They will have to seek government and bondholders approval if they want to sell their shares. Assuming for the worse, if they have a personal profit motive, the only way I can think of is higher expenses like salaries or outsourced services etc. But ALR promises transparency and biannual detailed reporting. Something Malaysian public should monitor.

It’s a win-win situation for government and shareholders, as government saves on toll compensation, and shareholders get to monetize their assets (Gamuda can plough back into upcoming projects). Probably no change for highway motorists who still pay the same toll for roughly the same number of years. But assuming government’s toll compensation saved is well spent (like no more 1MDB!), all Malaysians should benefit.

The win-win is possible because it replaces expensive equity capital (from Litrak and Gamuda, which have lower debts) with cheap debt capital obtained by ALR through Sukuk. It’s like the difference between buying a property with mostly cash versus mostly borrowings.

Posted by Sharefisher > 2022-04-12 17:05 | Report Abuse

Gamuda share price is determined by how good is the deal for gamuda.... Not government or rakyat. Be realistic....

Posted by Mabel > 2022-04-13 11:34 | Report Abuse

Absolutely!

Now Gamuda has a very positive P&L not only to Gamuda but also to Mabel's Portfolio..

Meow Meow Meow

Posted by TalkC > 2022-04-13 13:00 | Report Abuse

Sold =) Tq boss. Earn from 2.82 to 3.2.. 3.1 to 3.65...

Posted by observatory > 2022-04-13 13:59 | Report Abuse

Just to clarify that my earlier comment is about the highway acquistion proposal, and not about Gamuda valuation/ prospect.

Among Gamuda major businesses
1. Highway - The business only contributes about 20% to 25% of group's earnings. Unlike Litrak, Gamuda's share price has limited response to the news given the overall impact to Gamuda is limited. Besides there is not much valuation surprise.
2. Construction and Engineering - The past few months see Gamuda succesfully replenishes its order book after being awarded with projects in Singapore and Sydney. There is also a high probability of MRT3 tunnel project. However this business should be valued at 12 to 15 times PE with around 180-200m annual net profit. As mentioned by someone, the share price has recovered a lot, mostly in response to the good news in this business over the last few months.
3. Property - This is a major business. Gamuda exposure is not only in Malaysia but also Vietnam. I believe any further share price appreciation has to rely on better performance in property.

Maybe there could be further share price upside with coming GE and prospect of other projects like SMART 2 or Penang island reclamation. But personally i also feel that the stock is fairly valued. I've also taken some profit.

Posted by CUTLOST > 2022-04-13 16:27 | Report Abuse

I Love Gamudas

Posted by babanono > 2022-04-13 18:21 |

Post removed.Why?