Posted by charliecharlie > 2016-03-28 10:18 | Report Abuse

i dun have the funds to do a 1 sen profit.. :(

Posted by alibabacoming > 2016-03-28 10:23 | Report Abuse

no show

Posted by ivankvs > 2016-03-28 10:30 | Report Abuse

Low premium at 20sen for Gamuda-we @ RM1.09; while Gamuda trading at RM4.94. Is that fair?

Posted by hng33 > 2016-03-28 10:31 | Report Abuse

LuckyG

It is common thinking when see price falling, then many will badmouthing on it or curse it.....if buy on weakness.......people will tag as bad call or holland call...... then if share price rebound......if sell on strength to reap profit.....then people will question why sell too early, should hold....few sen opportunistic .... ..

of course if you only have few interested stocks to invest and like to own them until it reach your desire target price, just buy hold and treat them as depsoit, look back every few week, month or year. But for trader, everyday is opptunity to trade, buy/sell and rolling....as market is very dynamic and volatile, stock price change every minute, profit can become loss or later reverse....

frankly, I alrdy get use to it, just ignore and focus on how to trade to make profit is far more important.....sell to lock in profit mean can always re-enter back again....don fall in love with stock ownership ...instead should place realize profit as top priority,....entry price is not that important, as long as momentum is strong, as the exit price is only determinant of profit making

Posted by papaya > 2016-03-28 10:37 | Report Abuse

i like you hng33.....as long make money....nobody going to grieve you when you lose money...

Posted by hng33 > 2016-03-28 10:46 | Report Abuse

hahaha, you should like and mind more on your own profit instead of need to worry others... lollll

Posted by tomjohor > 2016-03-28 11:01 | Report Abuse

By TA Securities / The Edge Financial Daily | March 28, 2016 : 10:03 AM MYT


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Translated by Google Translator:




This article first appeared in The Edge Financial Daily, on March 28, 2016.

Gamuda Bhd
(March 25, RM4.93)
Upgrade to buy with a higher target price (TP) of RM5.57: Gamuda Bhd’s first half ended Jan 31, 2016 (1HFY16) net profit of RM321.3 million came in within expectations, accounting for 52% and 51% of our and street’s FY16 full-year estimates, respectively.

Year-on-year (y-o-y), it dropped 12.7% due to lower earnings contribution from all three core divisions, namely construction, property and concession. The 33.5% fall in construction profit before tax was expected as the construction works for mass rapid transit (MRT) Line 1 tapered off. Its property division recorded a lower revenue (down 13.4% y-o-y) and margin (3.3% lower) amid softening of the property market. Gamuda’s concession earnings were marginally lower (down 1.7%) as drops in tollable traffic on its highways after the toll hikes in mid-October 2015 were offset by higher contractual toll rates effective the beginning of 2016.

Quarter-on-quarter, Gamuda’s net profit was almost unchanged at RM160.1 million as lower profits before tax in the construction division (7.4% lower) and property division (8.1% lesser) were offset by a better performance of its concession division (up 7.1%).

On its construction division, Gamuda’s management guided that the awards for the MRT Line 2 underground package and two elevated packages are imminent. We strongly believe that the MMC Corp Bhd-Gamuda joint venture (JV) would secure the underground package given its: i) familiarity with the ground condition after undertaking the underground works for MRT Line 1; ii) strong execution track record with MRT line 1; iii) cost advantage as the tunnel boring machine used in MRT Line 1 could be reused for MRT Line 2; and iv) advantage under the Swiss Challenge tender method, which allows the JV to match or better the best bid submitted by competitors.

The total cost of MRT Line 2 is estimated at between RM28 billion and RM30 billion. We estimate the contract sum for MRT Line 2 underground works to be RM12 billion to RM13 billion. This is higher than the RM8.2 billion value of MRT Line 1 given the lengthier tunnelling works (13.5km versus 9.5km) and an increased number of stations (11 versus seven).

As for its property development division, the group achieved property sales of only RM115 million in the second quarter ended Jan 31,2016 (RM385 million in 1HFY16), versus management’s guidance of RM1.32 billion and our assumption of RM1.2 billion for FY16. We see downside risks to the FY16 sales target. Gamuda’s unbilled sales declined from RM1.2 billion a quarter ago to RM1 billion. Its property projects in Vietnam achieved mixed results with Celadon City in Ho Chi Minh City meeting expectations while the sales at Gamuda City in Hanoi began to slow down.

On its concession division, with toll hikes ranging from 31% to 100% for several highways under Gamuda’s portfolio, namely Damansara–Puchong Expressway, Sprint Expressway, and Stormwater Management and Road Tunnel, the traffic volume experienced 3% to 8% decline during the initial stage of the toll hikes but the traffic volume has recovered half of its initial decline. There is no significant progress on the negotiations between the federal and state governments on the disposal of its water asset Syarikat Pengeluar Air Sungai Selangor Sdn Bhd.

We maintain our earnings projection on the group. As the construction works for KVMRT Line 1 are tapering off and property sales for FY15 have slowed down, we expect to see a drop in earnings in FY16 before rebounding in FY17 as works for KVMRT Line 2 pick up momentum. FY17 is expected to be the beginning of a new cycle of earnings growth.

We rolled forward our valuation base year to calender year 2017 (CY17) and arrived at a higher TP of RM5.57 from RM4.74 previously, based on 20 times CY17 construction earnings, 14 times CY17 property earnings and 16 times CY17 earnings from toll road and water concessions. We upgrade Gamuda to “buy” given the visibility of earnings growths in FY17 and FY18. — TA Securities, March 25

Posted by bursahunters > 2016-03-28 11:45 | Report Abuse

hng33,

Give you a 100 likes :)

Posted by hng33 > Mar 28, 2016 10:31 AM | Report Abuse

LuckyG

It is common thinking when see price falling, then many will badmouthing on it or curse it.....if buy on weakness.......people will tag as bad call or holland call...... then if share price rebound......if sell on strength to reap profit.....then people will question why sell too early, should hold....few sen opportunistic .... ..

of course if you only have few interested stocks to invest and like to own them until it reach your desire target price, just buy hold and treat them as depsoit, look back every few week, month or year. But for trader, everyday is opptunity to trade, buy/sell and rolling....as market is very dynamic and volatile, stock price change every minute, profit can become loss or later reverse....

frankly, I alrdy get use to it, just ignore and focus on how to trade to make profit is far more important.....sell to lock in profit mean can always re-enter back again....don fall in love with stock ownership ...instead should place realize profit as top priority,....entry price is not that important, as long as momentum is strong, as the exit price is only determinant of profit making

Posted by performer > 2016-03-28 11:46 | Report Abuse

Lembik for now...need new news...kvmrt2 then shoot

Posted by IK > 2016-03-28 15:09 | Report Abuse

Moving don't miss the boat

Posted by M168 > 2016-03-28 15:41 | Report Abuse

zzz.....

Posted by performer > 2016-03-28 15:48 | Report Abuse

Gamuda usually last 30minutes

Posted by LuckyG > 2016-03-28 15:56 | Report Abuse

waiting 4pm to come

Posted by LuckyG > 2016-03-28 16:09 | Report Abuse

today no show .......:(

Posted by performer > 2016-03-28 16:14 | Report Abuse

Once in a while no show nvm...If everyday got show that means goreng counter

Posted by hng33 > 2016-03-28 16:15 | Report Abuse

Bought back WE at 1.08

Posted by hng33 > 2016-03-28 16:45 | Report Abuse

Sold back again at 1.09

Posted by hng33 > 2016-03-28 16:52 | Report Abuse

Bought back all WE at 1.08

Posted by fazlyfaruc > 2016-03-28 16:54 | Report Abuse

http://www.theedgemarkets.com/my/article/sunway-construction-wins-rm121b-mrt-viaduct-contract

Posted by The One > 2016-03-28 16:56 | Report Abuse

Not Gamuda? Ouch!!!

Posted by yeekarwai88 > 2016-03-28 16:58 | Report Abuse

wtf?suncon beat gadang and ijm?
this project not related to gamuda.

Posted by charliecharlie > 2016-03-28 16:59 | Report Abuse

any impact on gamuda?

Posted by performer > 2016-03-28 17:00 | Report Abuse

Relax guys know..gamuda is more on underground package...not viaduct

Posted by performer > 2016-03-28 17:02 | Report Abuse

Even the viaduct got a few packages...now two packages awarded one to azrb and one to suncon

Posted by lzz88 > 2016-03-28 17:04 | Report Abuse

There are 10 viaduct packages released within coming months. What to worry if first few packages taken by other contractors.

Posted by M168 > 2016-03-28 17:05 | Report Abuse

Suncon nochange.... Sunway up 0.32% aka 0.01...

Posted by The One > 2016-03-28 17:05 | Report Abuse

Well.. its good not to receive any. See what happened to Azrb.. awarded mega contract but the price gapped down with huge volume sell-offs.. amazing indeed.. lol

Posted by ivankvs > 2016-03-28 17:18 | Report Abuse

SunCon wins RM1.21b MRT viaduct project contract http://www.thestar.com.my/business/business-news/2016/03/28/suncon-wins-rm121b-mrt-viaduct-project-contract/

Posted by performer > 2016-03-28 17:20 | Report Abuse

The One...sometimes your logic and negative screaming is senseless...is it ever bad to receive multi billion ringgit contract for a business

Posted by The One > 2016-03-28 17:44 | Report Abuse

Bro.. of course laa its good to receive huge projects. I just sharing what actually funny thing happened.. not implying anything. Peace and cheers ya..

Posted by hng33 > 2016-03-28 17:49 | Report Abuse

Gamuda is project deliver partner to MRT Corp to manage and supervise for all contract above ground and elevated MRT line 2, in which Gamuda-MMC stand to earn 6 % management fees. Gamuda cannot bid these portion of contract at all

Gamuda only bid underground tunnel portion.

Posted by tamarindo > 2016-03-28 23:04 | Report Abuse

It's so funny when people dont know abt construction and contract awarded for multi phases of jobs talk and jump into conclusion. Read carefully la... underground ke, viaduct ke, ayam ke, itik ke.. Adohai..

Posted by supermix2 > 2016-03-29 01:47 | Report Abuse

Stay calm, Gamuda's contract will come, so no need to quarrel, just stay positive please. The show at the last will always be the best.

Posted by Sephy > 2016-03-29 08:54 | Report Abuse

suncon project.. this is actually a positive signal that the contract is coming sooner..

Posted by mamatede > 2016-03-29 08:57 | Report Abuse

Well you have to understand stock.. profit taking got it?


Posted by The One > Mar 28, 2016 05:05 PM | Report Abuse

Well.. its good not to receive any. See what happened to Azrb.. awarded mega contract but the price gapped down with huge volume sell-offs.. amazing indeed.. lol

Posted by murali > 2016-03-29 08:58 | Report Abuse

Buy on rumours and sell on facts...especially if stock prices oredi move up a lot before the good news is being annouced...

Posted by hng33 > 2016-03-29 09:26 | Report Abuse

Gamuda may try again to challenge RM 5.00 level...WE get ready to follow :D)

Posted by papaya > 2016-03-29 09:26 | Report Abuse

very quiet.....hng33 not buying today.....hehe

Posted by hng33 > 2016-03-29 09:29 | Report Abuse

Add more WE at 1.08

Posted by ivankvs > 2016-03-29 09:57 | Report Abuse

^_^

Posted by papaya > 2016-03-29 09:57 | Report Abuse

you got to buy more hng33.....

Posted by Mohd Fahmi Bin Jaes > 2016-03-29 10:10 | Report Abuse

take profit

Posted by smartly > 2016-03-29 10:11 | Report Abuse

mum weak now.

Posted by Sephy > 2016-03-29 10:33 | Report Abuse

let the contra flush then buy back again

Posted by papaya > 2016-03-29 14:33 | Report Abuse

come on hng33......buy more....hehehe

Posted by smartly > 2016-03-29 15:00 | Report Abuse

huge buying at 4.93. :)

Posted by hng33 > 2016-03-29 16:10 | Report Abuse

Sold back all at 1.08, realize transaction cost lost, free all up capital

Posted by performer > 2016-03-29 16:23 | Report Abuse

Hahaha...

Posted by tigerking > 2016-03-29 16:25 | Report Abuse

everyone cabut dy?

Posted by samyew1234 > 2016-03-29 16:27 | Report Abuse

Oh no, all cabut d ?