Posted by upsidedown119 > 2016-09-29 22:52 | Report Abuse

When will ASB dispose 70% of their holdings? Answer: When Splash is sold for RM250 million. Hahaha!

Posted by hng33 > 2016-09-29 23:21 | Report Abuse

Pity lor....still live under self illusion....too bad.

Posted by hng33 > 2016-09-30 08:53 | Report Abuse

Infrastructure projects to lift Gamuda share price

PETALING JAYA: Large-scale infrastructure projects and sale of water infrastructure assets will help support construction firm Gamuda Bhd’s share price, says CIMB Research.

The research house said the company has eyed some RM3bil to RM4bil worth of infrastructure projects over the next 13 months. CIMB Research has raised the company’s target price to RM5.97 from RM5.92, an upside of 21.8% from its last traded price of RM4.90.

It said the target price was raised as the valuation was rolled over to end-2017 still pegged to a 10% realised net asset value discount.

“We continue to like Gamuda for its earnings turnaround in FY17F and exposure to large-scale rail projects.

“It remains our sector top pick. Downside risk is delay in job rollouts but this is outweighed by the revival of job wins, sale of water asset and the likely recovery in foreign shareholding (currently at a low of 22%),” it said in a report......


......Updates on the sale of 40%-owned Splash support our view that this angle could be revived in the fourth quarter.

“Press reports highlighted that an agreement to resolve the long-drawn valuation issue is in the works, in time to meet the Oct 6 deadline (next week).

“Splash’s current book value is RM2.8bil. We believe that the eventual offer price should be closer to, if not on par with, one time price to book value (P/BV).

“The last rejected offer was at 0.1 time P/BV,” it said.

Posted by hng33 > 2016-09-30 10:17 | Report Abuse

buyer vs seller at 4.90 are fighting to take control...seller keen selling...buyer keen absorbing.... spike up volume --->Accumulation process....once buyer take over control --->Marked up process will be next :D)

Posted by linges > 2016-09-30 10:36 | Report Abuse

hng33...what is ur avg price?

Posted by kenken > 2016-09-30 11:05 | Report Abuse

Despite many recommend to buy this counter
somehow, Gamuda is stuck at RM4.9
Have been holding this cntr shares for quite sometimes, I am actually running out of patient, I am willing to let go at RM5.00 :((

Posted by hng33 > 2016-09-30 11:11 | Report Abuse

linges

Average price remain around 1.23+...i sold partial at 1.38, but already bought back at same price yesterday at 1.38 to top back stake again. Currently, gamuda-we retain my top holding in portfolio

Posted by hng33 > 2016-09-30 11:14 | Report Abuse

kenken

Technical Gamuda is still at sideways band, but already at high end side. To breakout these resistance band, it need stronger momentum to push up. Now at gestate stage to absorb selling volume at resistance.

Posted by linges > 2016-09-30 11:16 | Report Abuse

tq hng33 :))

Posted by money888 > 2016-09-30 16:20 | Report Abuse

Gamuda price still strong in current weak market. :)

Posted by hng33 > 2016-09-30 16:45 | Report Abuse

:D)

Posted by hng33 > 2016-09-30 17:53 | Report Abuse

These few days, there were much higher gamuda share traded in the market and yet share price holding very steady.

Expect loser minded upsidedown119 to post again big selloff from fund again, lets wait for him to update us freely again here :D)

Posted by upsidedown119 > 2016-09-30 21:49 | Report Abuse

hng33, so you heard the news? Ok lah for you winners: ASB sold another 3 million shares on 28 Sep - total disposals were 14 million shares or 9.27% in September. But good news is EPF bought 2 million shares on 27 Sep.

Posted by hng33 > 2016-09-30 22:05 | Report Abuse

Hahahaha, keen seller vs keen buyer fighting, exchanging share in the open market, stir up volume and yet share price hold steady at high end band...... create liquidity......accumulation process .....once seller pare down selling pressure....time marked up -:D)

Posted by upsidedown119 > 2016-09-30 22:23 | Report Abuse

hng33, don't have to spin so hard to to win. Just present the facts in balance. But make sure they are facts and not 'facts' that still need confirmation.

Posted by skyjet > 2016-10-04 07:10 | Report Abuse

Buy on Oct
http://klse.i3investor.com/blogs/Backtesting/85101.jsp

Posted by hng33 > 2016-10-04 08:46 | Report Abuse

upsidedown119 -> clown trick -> spin up-side-down -> backfire :D)

Posted by hng33 > 2016-10-04 09:59 | Report Abuse

Get ready to move UP

Posted by 93126668 > 2016-10-04 10:08 | Report Abuse

Why never break 4.9....tunggu apa lagi...

Posted by hng33 > 2016-10-04 11:33 | Report Abuse

bought Gamuda at 4.88, resume back dual exposure Gamuda + gamuda-WE

Posted by stockistlearner > 2016-10-04 14:24 | Report Abuse

gamuda difficult to close above 4.90 ><

Posted by limiklimik > 2016-10-05 09:16 | Report Abuse

how to make money...+- 2sen for so long

Posted by Jon Choivo > 2016-10-05 15:45 | Report Abuse

Its the SPLASH, until that issue is resolved, it wont go past 5. If its disposed at 2.8bil on friday, all will make money, if its nationalized. We can all cry together. The second situation is unlikely tho.

Posted by hng33 > 2016-10-05 16:21 | Report Abuse

Upcoming 6 oct deadline for splash may get delay again, perhaps for another 1-2 month before year end to reach final agreement, but deal will still center on 1x or around book value

Posted by upsidedown119 > 2016-10-05 18:02 | Report Abuse

http://www.thesundaily.my/news/1808309

Posted by greatful > 2016-10-05 18:57 | Report Abuse

tell you all, this is one of the lousiest counter also. don't place hope

Posted by upsidedown119 > 2016-10-05 20:47 | Report Abuse

Amanah Saham Bumiputra throw another 5 million shares.

Posted by upsidedown119 > 2016-10-05 21:21 | Report Abuse

Amanah Saham Bumiputra announced threw another 5 million shares. 19 million shares or 12.58% of its holdings in September. Likely our resident sifus also threw since they have bought at low cost and are adept at secret disposals.

Posted by hng33 > 2016-10-06 09:57 | Report Abuse

Gamuda share price still holding very steady despite incur pressure from certain fund, willing seller willing buyer, well absorb by market force.

Expect ASB to retain minimum 5% stake in gamuda in order continue to be major shareholder of Gamuda.

Currently, selling down of ASB stake already reach 5.45%.... Current narrow band will breakout once seller (ASB) ease off its selling quantity.

key catalyst: Upcoming budget (more infra work) + splash deal

Remark: Expect splash deal may get some delay again, perhaps for another 1-2 month before year end to reach final agreement as highlight in Gamuda management latest comment, but expect deal will still center on 1x or around book value

Posted by hng33 > 2016-10-06 10:01 | Report Abuse

Gamuda momentum returning back :D)

Posted by hng33 > 2016-10-06 10:50 | Report Abuse

Up more stake in Gamuda-WE at 1.36.

In total now, gamuda WE continue to be largest stake in portfolio, forming 62.3% stake, average holding cost now increase to RM 1.28+. Gamuda stake hold at cost 4.88, forming 4.4% in total profolio.

All in Gamuda + gamuda-WE, is top holding, hold stake at 66.7+% in total portfolio.

Posted by imoogi99 > 2016-10-06 10:55 | Report Abuse

wow...hng33, you sai lang. Got prepare gunny sack to collect money or you need help from the Sabah officer to count the money for you? Ha...ha...ha.

Posted by hng33 > 2016-10-06 11:22 | Report Abuse

I still have about 9% free cash in portfolio, and aside largest stake gamuda + gamuda-WE, portfolio have others 8 diversified stocks forming remain 24+% stake in total portfolio.

In additional, if condition warranted, portfolio can anytime gear up through margin line capital, leverage up by another 1.2x power

Posted by staind86 > 2016-10-06 14:39 | Report Abuse

There is an article about Splash in theedgedaily today. Say about they come to agreement of about 1 time book value and splash is willing to take slight discount. The agreement is now at the hand of federal government as state looks for them for funding. However, federal has been silent on the matter.

Posted by Ooi Teik Bee > 2016-10-06 15:03 |

Post removed.Why?

Posted by Ooi Teik Bee > 2016-10-06 15:06 | Report Abuse

KPS is starting to move up north. Splash news is true now.
Thank you.

Posted by Nazif > 2016-10-06 15:09 | Report Abuse

budget soon construction sector look benefit

Posted by CaoCao > 2016-10-06 15:23 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/10/06/breakfast-briefing-

last paragraph

Posted by Jon Choivo > 2016-10-06 16:28 | Report Abuse

OTB hope so. I just went in as well. But im a bit worried on what the federal gov will do.

Posted by hng33 > 2016-10-06 16:30 | Report Abuse

hmmm.....gamuda share still under pressure by certain fund (ASB) portfolio readjustment, continue remain under trading band, unable to breakout yet...more time needed.

Posted by whitesheep > 2016-10-06 16:50 | Report Abuse

just curious, which fund is selling ? good news soon ...

Posted by hng33 > 2016-10-06 17:00 | Report Abuse

ASB alrdy sold down gamuda stake from 7.8% to 5.45%, but if ASB wan to retain minimum 5% stake in gamuda in order continue to be major shareholder of Gamuda, then, can expect ASB portfolio readjustment will be at tailing end soon.

Posted by imoogi99 > 2016-10-06 17:29 | Report Abuse

Last month ASB net seller but KWAP and EPF are net buyer. So that's why price had been absorbing all those selling.

Posted by hng33 > 2016-10-06 17:45 | Report Abuse

The government expects to announce soon an agreement that will settle the drawn-out Selangor water industry restructuring deal, Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Johnity Ongkili said.

The Selangor water deal has stalled over valuation of assets owned by the only water company that has not come on board the federal government-brokered deal.

Gamuda Bhd had deemed the Selangor state government’s offer of RM250.6 million, a move crucial to the restructuring, as being too low for its stake in Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash).

Óngkili hinted that a new price for the assets was close to being agreed, in time to meet the federal government’s deadline on Oct 6.

The minister was confident that all parties involved will be able to find common ground between the state water operator Pengurusan Air Selangor Sdn Bhd and Splash.

“We are going to have a meeting next week and the (Selangor state) will update (the outcome of their negotiations) and I think, we will meet the deadline Oct 6.

“I'm confident we will meet the deadline. Both sides are working very hard and I’m optimistic we will meet the deadline,” said Ongkili......

Posted by hng33 > 2016-10-06 17:52 | Report Abuse

1x book value with some discount tag is most likely final outcome, win-win to all

Posted by Ooi Teik Bee > 2016-10-06 17:56 | Report Abuse

Good news to Gamuda.
Thank you.

Posted by hng33 > 2016-10-06 18:01 | Report Abuse

Of course must wait till confirmation, Hope for the best :D)

Posted by CaoCao > 2016-10-06 20:17 | Report Abuse

http://www.themalaymailonline.com/malaysia/article/ongkili-selangor-govt-splash-should-extend-discussion-on-water-concessionai

Posted by hng33 > 2016-10-06 20:49 | Report Abuse

History repeat itself, just what happen like previous Puncak take over deadline also get several time extension. It may drag several time deadline until final solution on willing buy willing sell.

The important is that delay take over also allow splash to continue steady contribute annual profit RM 120m to Gamuda. Splash still have hold remain15 year concession validity.

Posted by princehero > 2016-10-06 21:03 | Report Abuse

gamuda we keep dropping... seems like the big fish start to sell.... maybe it's time to let go...