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?

Posted by Sharefisher > 2022-04-14 15:55 | Report Abuse

Can't wait to see the price when mrt3 announced..... Haha ha....

Posted by Mabel > 2022-04-16 09:06 | Report Abuse

Yes indeed..

Hahaha

Posted by ♛ Checkmate. > 2022-04-18 16:33 | Report Abuse

In gamuda - we trust, Gamuda - strong and solid !

Posted by Mabel > 2022-04-18 16:41 | Report Abuse

Yes Lah..

Gamuda so solid and very stable..

Can just buy and forget...

When the time is ripe, just come and collect Dividend and SPECIAL DIVIDEND...

Life is so beautiful...

Meow Meow Meow

Posted by investortrader88 > 2022-04-18 22:08 | Report Abuse

https://www.theedgemarkets.com/article/litrak-sprint-kesas-smart-accept-conditional-offer-alr

Posted by soon9913 > 2022-04-19 23:42 | Report Abuse

I think is a deallll.. gamuda will get mega project soon since support government by accepting the offer

Posted by Pendekar_BujangLapok > 2022-04-20 09:42 | Report Abuse

RM3.80 boleh sampai?

Posted by Pendekar_BujangLapok > 2022-04-20 16:09 | Report Abuse

Kalau sebelum raya capai RM4, cantik.
Raya ni boleh sembelih kambing......wakakaka

Posted by Sharefisher > 2022-04-20 16:48 | Report Abuse

Nice..... Very nice today.

Posted by Meshach Mano > 2022-04-21 08:53 | Report Abuse

Road to RM4 looks promising with MRT 3 and Flood Mitigation project

Posted by CUTLOST > 2022-04-21 09:38 | Report Abuse

Nice..Rm5 next month

Posted by YoongGer > 2022-04-21 14:04 | Report Abuse

（吉隆坡5日讯）第一轮大道收购活动去年4月触礁后，昨日宣布卷土重来，分析员认为此次出价让人无法抗拒，成事几率甚高，有望创造政府、大道公司和大道使用者“三赢”局面。

政府在周一宣布，Amanat Lebuhraya Rakyat有限公司（ALR）建议以44亿3200万令吉向金务大（GAMUDA,5398,主板建筑组）、环城大道（LITRAK,6645,主板交通物流组）和雪州柏朗桑（KPS,5843,主板工业产品服务组）等公司收购雪隆4条大道——白蒲大道（LDP）、西部疏散大道（SPRINT）、沙亚南大道（KESAS）和精明隧道（SMART Tunnel）。

金务大在文告中说，4家大道经营公司的股权价值料达44亿3200万令吉，当中金务大占了23亿3300万令吉；拥有白蒲大道和西部疏散大道50%权益的环城大道也达26亿9800万令吉。另外，雪兰莪政府属下雪州柏朗桑则掌握西部疏散大道的20%股权，股权价值料达1亿8080万令吉。

艾芬黄氏研究考量上述大道发展已经成熟，且过路费调涨面对政府政策风险，整体献购价显得合理。

“ALR这次的出价，与2019年财政部提出的唯一不同之处在于精明隧道出价为每股50仙，比较之前为3000万令吉。”

此外，ALR出价26亿9800万令吉，相等于每股5令吉零8仙价格收购环城大道旗下白蒲大道和西部疏散大道持股，较集团最后闭市价4令吉零3仙溢价26%，预期股票复牌后将为投资者带来交易机会。

政府可省43亿赔偿成本
该行相信收购计划将为政府、大道特许经营权股东和道路使用者创造“三赢”局面，主要是政府无需承担收购大道特许经营权的成本，甚至是为不允许调涨过路费决定做出赔偿，净成本节省可能达到43亿令吉。

“对大道特许经营权股东来说，相关股权以合理的内部回酬率（IRR）脱售，且无需面对政府政策变化对经营权带来的风险；道路使用者则不会面对过路费调涨风险。”

肯纳格研究认同，并相信整个计划的成事几率甚高，不会重演2019年交易面对的重重障碍，主要是政府不再是交易的一方，且无需提供政府担保。

“更重要的是，整个交易将为政府节省43亿令吉的大道赔偿成本，让公众可在大道剩余的经营权期限享受不变的过路费。”

Posted by YoongGer > 2022-04-21 14:05 | Report Abuse

this somehow reminds me of the GREATEST moment for GKENT last time

Posted by Pendekar_BujangLapok > 2022-04-22 10:58 | Report Abuse

Raya toll ada diskaun kan?? Sekarang mana ada hulur tangan ambik duit. Semua cashless la. Sesak tu tak boleh buat apa la.....raya ni raya terakhir gamuda collect toll kot......wakaka.....

Posted by Pendekar_BujangLapok > 2022-04-22 12:10 | Report Abuse

huhuhu......hilang 2 ekor kambing golek.

Posted by Mabel > 2022-04-23 00:08 | Report Abuse

It seems like the market has already priced in GAMUDA’s future outlook, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the track record of its management team.

Gamuda is already a profits on my P&L

When is that special dividend cumming?

Meow

Posted by soon2795 > 2022-04-26 00:02 | Report Abuse

Toll-free rides, toll discounts up to 50% for Aidilfitri, says PM

https://www.theedgemarkets.com/article/tollfree-rides-toll-discounts-50-aidilfitri-says-pm

Posted by KingKong_Doll > 2022-04-26 09:15 | Report Abuse

Toll free ride? Gomen or gamuda sponsor? Dun tell me this is gamuda csr.

Posted by Investfrog > 2022-04-26 16:26 | Report Abuse

Gogo gamuda.... gov sponsor la...

Posted by soon2795 > 2022-04-27 20:51 | Report Abuse

Let's hope that Gamuda get to take the contract for this new construction project from the government.

New construction project to mitigate floods?! | The FAQ Show

https://www.youtube.com/watch?v=Wn3fG7g5VEA

Posted by Sharefisher > 2022-04-28 08:56 | Report Abuse

Hold tight tight first...

Posted by Sharefisher > 2022-04-28 08:58 | Report Abuse

Construction recovery is delayed too long... Government needs to kick start construction to let the economy rolling.. Be patient, just wait for the tide to flow in.

Posted by Mabel > 2022-04-28 09:27 | Report Abuse

Yes it's coming

To our success

Meow Meow Meow

Posted by YoongGer > 2022-04-28 14:00 | Report Abuse

waooo is this the new era of construction ??

Posted by YoongGer > 2022-04-28 14:02 | Report Abuse

metal sand property all heng heng

Posted by Sharefisher > 2022-04-29 16:55 | Report Abuse

Solid. Above 3.70 now.

Posted by Mabel > 2022-04-30 00:40 | Report Abuse

Looking forward to hit RM 4 and that delicious special dividend

Posted by Pendekar_BujangLapok > 2022-05-05 09:59 | Report Abuse

Bila la boleh capai RM4? Raya dah la tak dapat kambing golek. Harap Harap sebelum akhir bulan dapat. Sempat lagi kot.

Posted by KingKong_Doll > 2022-05-05 15:30 | Report Abuse

Sabar la Pendekar.....U come back in 1 month time and u will see the kambing bergolek to your front door...LOL

Posted by Pendekar_BujangLapok > 2022-05-06 12:33 | Report Abuse

Tengok ni. Sudah u turn. Nak cium 3.80 pun tak dapat apatah lagi 4.00. Pi la gamuda ni.

Posted by YoongGer > 2022-05-06 13:59 | Report Abuse

construction index lai liao

Posted by YoongGer > 2022-05-06 13:59 | Report Abuse

jgn bapok, sabar and tunggu for durian runtuh

Posted by riffin > 2022-05-09 12:18 | Report Abuse

EIGHT companies have put in separate proposals to the government for a flood mitigation project in flood-prone areas located in the west of the Klang Valley. The project cost under the various proposals is said to range between RM5 billion and RM15 billion.