Posted by hng33 > 2016-11-02 12:11 | Report Abuse

The value of we rely on underlying share, so long, gamuda is performing, we will soon follow track. In addition, we still have long lifespan, ensure margin of safety

Posted by wakakaka88 > 2016-11-02 14:36 | Report Abuse

EPF buying...wakakakaka...relazzzzz

Posted by wakakaka88 > 2016-11-02 14:36 | Report Abuse

wait for project announcement soon..wakakakaka

Posted by hng33 > 2016-11-02 16:25 | Report Abuse

gear up with margin line capital, bought more gamuda we at 1.26

Posted by linges > 2016-11-02 16:57 | Report Abuse

managed to grabbed some @ 1.26 before disappeared from last call sell Q..

Posted by princehero > 2016-11-02 19:07 | Report Abuse

how come we drop so much lately... just wonder is it those big fish who push up lately slowly exit....

Posted by staind86 > 2016-11-03 09:20 | Report Abuse

hold on tight, kawan-kawan sekalian

Posted by Huat1 > 2016-11-03 09:49 | Report Abuse

CIMB REPORT (3 November 2016):

CONSTRUCTION
ECRL rolls into the rail theme

■ Domestic rail contracts are booming. Rail could be a major theme in 2017.
■ Over RM70bn worth of rail jobs outside of Klang Valley (ex-MRT, LRT and HSR).
■ RM55bn ECRL is the latest big development; EPCC awarded to a China contractor.
■ New rail projects can still be opened to local players given size and scale.
■ Gamuda is the biggest proxy for growth in rail jobs. Remains our top sector pick.

Rail contracts making a huge comeback
Domestic rail contracts are emerging at an unprecedented pace. The government’s move to implement new double-tracking rail projects and to upgrade existing rail networks on Malaysia’s east coast brings the total value of new non-urban domestic rail contracts to over RM70bn by our estimates. This does not include the earlier approved MRT 2, LRT 3, KL-Singapore HSR and upcoming MRT 3 (Circle line, still under feasibility studies) for the Klang Valley (RM89bn). Rail could be a major theme in 2017.

ECRL as the new big rail initiative
The ECRL MOU to be signed today will confirm the rollout of the East Coast Rail Line (ECRL) that will cost RM55bn. Our sources clarify that this project is largely a greenfield double tracking rail project roughly similar to the RM12.5bn (197km) Ipoh-Padang Besar double tracking rail job awarded in 2007. With a total distance of c.600km, it will traverse the states of Pahang, Terengganu and Kelantan and serve as a high-impact project under the East Coast Economic Region (ECER) master plan.

ECRL: Three-phased contract led by China’s CCCC and Exim Bank
According to latest press reports in relation to Prime Minister Datuk Seri Najib Razak’s visit to China, the ECRL will be awarded to China Communications Construction Co. (CCCC). Financing of the RM55bn total cost will be undertaken by the Export-Import Bank of China via a soft loan (20-year repayment). The ECRL is targeted to commence works in 2017 and complete in 2022 (5 years) over three phases - Phase 1: KL-Kuantan, Phase 2: Kuantan-Kuala Terengganu and Phase 3: Kuala Terengganu-Tumpat.

Rail theme too big to ignore
The ECRL MOU will likely include terms that necessitate the involvement of local players, which is good news. Given the scale and duration of the ECRL, the project could be broken down to several packages. At this juncture, local contractors under our coverage that could prequalify include Gamuda, IJM Corp, WCT, MRCB and Sunway.

Gamuda’s extensive experience in the Ipoh-Padang Besar double tracking project may provide a bigger advantage, especially if the ECRL involves tunneling scopes.

Overweight: Gamuda remains the largest rail proxy
We retain our Overweight call on the sector. In our view, if new rail projects are opened up to local contractors (both at turnkey and subcontracting levels), Gamuda should provide the biggest proxy for the growth of this segment. It is our top pick for a rail play.

The group is already a strong contender for a RM1bn package for the Gemas-JB double tracking project and could take on a much larger underground contract for MRT 3, which should conclude its feasibility studies by end-2016. Key downside risk is job delays.

Posted by wakakaka88 > 2016-11-03 10:45 | Report Abuse

lai liao lai liao...wakakakakaka

Posted by wakakaka88 > 2016-11-03 10:46 | Report Abuse

let's hope the contract announcement soon...wakakakakaka..anticipated..wakakakaka

Posted by wakakaka88 > 2016-11-03 10:47 | Report Abuse

even for HSR, the tunneling work will be awarded to gamuda if not all of the work packages...wakakakaka

Posted by Treasure_stalker > 2016-11-03 11:32 | Report Abuse

90% of the shares recommended by KYY also drop like hell

Posted by Bigbull99 > 2016-11-03 11:36 | Report Abuse

Good. Flushing out the weak investors. Waiting for Gam-we at Rm1.2. Please come to daddy

Posted by wakakaka88 > 2016-11-03 11:45 | Report Abuse

bleeding non stop..scary

Posted by wakakaka88 > 2016-11-03 11:47 | Report Abuse

go go go..up up up pu.wakakakakaa

Posted by charliecharlie > 2016-11-03 11:57 | Report Abuse

gotten some at 1.24....let's wait for the show

Posted by Treasure_stalker > 2016-11-03 12:00 | Report Abuse

what is your average price now?

Posted by stockistlearner > 2016-11-03 12:13 | Report Abuse

gamuda-we still got room to go down. mother today started to slide. it may drag down the son further.
recently the government related counter being throw down one by one. be cautious....

Posted by Jon Choivo > 2016-11-03 12:16 | Report Abuse

i from 1.39 avg down to 1.32. I think this should go up by the end of this months. I'm really not looking forward to the US elections though. Because trump is going to win and we will see that 1-2 day drop.

Posted by Grow1 > 2016-11-03 12:38 | Report Abuse

Just bought some...

Posted by hng33 > 2016-11-03 16:22 | Report Abuse

be patience, let institutional fund more time to accumulate and also let time play key factor to cool down market sentiment

Posted by hng33 > 2016-11-03 20:18 | Report Abuse

ASB busy accumulate back Gamuda stake

Posted by charliecharlie > 2016-11-04 11:55 | Report Abuse

drag down my average price from 1.33 to 1.28...now waiting for the ride up..

Posted by hng33 > 2016-11-04 16:25 | Report Abuse

anytime gamuda back above 4.90

Posted by hng33 > 2016-11-04 16:57 | Report Abuse

hahahha, gamuda close at 4.92, gamuda-we at 1.26

Posted by linges > 2016-11-04 17:12 | Report Abuse

ha..ha..gamuda-we will gap up on Monday :))

Posted by hng33 > 2016-11-04 21:34 | Report Abuse

Khalid tawar RM2.9 bilion pada SPLASH, kata Azmin
| November 4, 2016
MB Selangor itu berkata nilai tawaran ini juga tidak pernah dimaklumkan kepada Dewan Undangan Negeri Selangor.

SHAH ALAM: Bekas menteri besar Selangor Tan Sri Abdul Khalid Ibrahim didakwa berselindung di sebalik nilai sebenar pengambilalihan Syarikat Pengeluar Air Selangor (SPLASH), kata Datuk Seri Azmin Ali.

Menteri besar itu berkata nilai pengambilalihan SPLASH terdahulu juga tidak dimaklumkan dalam Majlis Mesyuarat Kerajaan Negeri (MMKN) dan ia bertentangan dengan amalan dipraktikkan dalam pentadbiran negeri.
“Pentadbiran sebelum ini menyatakan nilai tawaran pengambilalihan SPLASH RM250 juta dan inilah angka diuar-uarkan seantero dunia, namun orang sama tidak pernah memaklumkan kepada Dewan berkenaan tawaran RM2.975 bilion dibuat kepada SPLASH melalui surat bertarikh 25 Jun 2009 dan seterusnya 19 Julai 2009.
“Ia dengan pecahan seperti berikut iaitu nilai ekuiti RM1.579 bilion dan nilai liabiliti RM1.396 bilion,” katanya ketika menyertai sesi penggulungan Belanjawan 2017 Negeri pada sidang Dewan Negeri (DUN) Selangor di sini hari ini.
Beliau berkata demikian ketika menjawab soalan Datuk Sulaiman Razak (Permatang-BN) mengenai status terkini pembelian syarikat SPLASH.

Azmin berkata semua perjanjian pengambilalihan SPLASH mestilah dibawa ke dalam MMKN dan akan dibahaskan di dalam DUN negeri itu. “Semua cadangan dan perbincangan mengenai pengambilalihan SPLASH, saya bawa dalam MMKN dan apabila ia dicadangkan maka saya bersedia membahaskan di dalam dewan ini,” katanya.

Menurut Khalid, kerajaan negeri hanya menawarkan SPLASH RM250.6 juta saja sebelum ini selepas mengambil kira liabiliti yang ditanggung syarikat itu.SPLASH menolak tawaran itu dan menegaskan nilai syarikatnya berjumlah RM2.5 bilion setakat 31 Disember 2013 dan jika dikira tempoh konsesi 16 tahun yang perlu dilupuskan, syarikat itu bernilai RM3.9 bilion.
Sebaik saja Azmin dilantik menggantikan Khalid, Adun Bukit Antarabangsa itu dikatakan hampir bersetuju untuk membayar jumlah pampasan dituntut SPLASH iaitu RM2.7 bilion, peningkatan RM2.45 bilion daripada tawaran asal.
Azmin sebelum ini memberitahu rundingan kerajaan negeri dengan SPLASH akan dimuktamadkan pada Oktober 2016.
Namun sehingga berakhirnya Oktober, rundingan itu masih belum mencapai kata putus.
Selangor di bawah pentadbiran Khalid berjaya mengambil alih 3 syarikat konsesi dengan jumlah pampasan bernilai RM1.68 bilion. Daripada jumlah itu PNHB menerima RM1.07 bilion manakala Syabas dibayar RM0.52 bilion dan Abbas RM0.09 bilion.

Posted by hng33 > 2016-11-05 10:23 | Report Abuse

SHAH ALAM: Bekas Menteri Besar Selangor, Tan Sri Khalid Ibrahim tidak dibenar bertanyakan soalan mengenai jumlah pampasan yang bakal dibayar kerajaan negeri itu, untuk mengambil alih aset Syarikat Pengeluar Air Selangor (SPLASH), pada sidang DUN kali ini.

Khalid Selasa lalu ketika membahaskan Bajet Selangor 2017 berkata beliau mengusulkan soalan lisan perihal perkara itu namun ditolak Pejabat Speaker atas alasan bersifat andaian.

ADUN Pelabuhan Klang itu turut menjelaskan bahawa beliau terpaksa membuat andaian kerana kerajaan negeri pimpinan Datuk Seri Azmin Ali kini tidak berkongsi maklumat mengenai usaha pengambil alihan aset SPLASH dengan rakyat Selangor.

"Saya bertanyakan sekiranya Exco Selangor telah bersetuju menaikkan nilai pampasan ekuiti pengambilan syarikat pengeluaran air Selangor (SPLASH) daripada RM250.6 juta kepada RM2.7 bilion.

"Perincian justifikasi keputusan tersebut serta punca dana dan plan membaiki transcity tersebut. Saya diberitahu Pejabat Speaker menolak kerana ini terlalu andaian," katanya......

Posted by hng33 > 2016-11-05 10:46 | Report Abuse

I expect the final take over splash is value at RM 2.7 billion.

Disclaimer: My portfolio have big exposure in both Gamuda and Kps. Please exercise own discretion, bear own risk, enjoy own reward.

Posted by Huat1 > 2016-11-05 14:47 | Report Abuse

http://www.freemalaysiatoday.com/category/nation/2016/11/05/selangor-rm2-4bn-offer-to-splash-betrays-rakyat/

Posted by hng33 > 2016-11-05 17:40 | Report Abuse

Hahaha....khalid is twisiting fact.....splash is making profit, afford payout dividend, in contrast syabas is loss making, cannot afford to payout dividend, how can khalid compared these 2 entity in same manner in order to justify take over price!? 

Now these loser minded khalid said "The fact that the state is seriously considering paying SPLASH an extra RM2.45bil is an act of betrayal to raykat"

.....the state executive councillors’ meeting had decided to pay RM2.7 billion to Splash as confirmed by state EXCO member, YB Zaidy Abdul Talib who had also indicated the sum was rejected by the Ministry of Energy, Green Technology and Water... what a nonsense? Willing buyer willing seller

Posted by hng33 > 2016-11-05 17:42 | Report Abuse

Hahaha....khalid is twisiting fact.....splash is making profit, afford payout dividend, in contrast syabas is loss making, cannot afford to payout dividend, how can khalid compared these 2 entity in same manner in order to justify take over price!? 

Now these loser minded khalid said "The fact that the state is seriously considering paying SPLASH an extra RM2.45bil is an act of betrayal to raykat" 

.....the state executive councillors’ meeting had decided to pay RM2.7 billion to Splash as confirmed by state EXCO member, YB Zaidy Abdul Talib who had also indicated the sum was rejected by the Ministry of Energy, Green Technology and Water... what a nonsense?

Its willing buyer willing seller, state willing to buy and take over at 2.7 billion, splash shareholder willing to sell. Loser minded khalid now wan to influence fed gov to stop !?

Posted by Cherrie > 2016-11-05 20:31 | Report Abuse

Financial of SPLASH:-

===================
For FYE 31 March 2015
===================

Non-current assets : 5,189,619,000
Current Assets : 388,310,000
Non-current Liabilities : 1,715,923,000
Current Liabilities : 1,130,274,000
Share Capital : 172,300,000
Reserves : 2,559,432,000
Minority Interest : 0

Revenue : 433,697,000
PBT : 331,103,000
PAT : 246,354,000

Posted by hng33 > 2016-11-07 15:04 | Report Abuse

Gear up with margin line capital, bought more WE at 1.24

Posted by princehero > 2016-11-07 21:46 | Report Abuse

WE x strength.... selling pressure ...

Posted by hng33 > 2016-11-08 09:30 | Report Abuse

sold back WE under contra at 1.26, lock contra profit, free up margin line capital first

Posted by hng33 > 2016-11-08 09:53 | Report Abuse

bought back WE at 1.24, reverse back into intraday contra gain

Posted by greatful > 2016-11-08 14:28 | Report Abuse

based on today's construction movement and value, gamuda should worth only 4.00

Posted by Huat1 > 2016-11-08 17:40 | Report Abuse

AGM:
Date: 08 Dec 2016
Time: 10:00 AM
Venue: Permai Room
Kota Permai Golf & Country Club
No. 1, Jalan 31/100A
Kota Kemuning, Section 31
40460 Shah Alam
Selangor Darul Ehsan

Posted by Ultramen > 2016-11-09 09:41 | Report Abuse

based on malaysia economic now, KLSE index should worth only 1253.

Posted by Myeye > 2016-11-09 13:57 | Report Abuse

be positive, malaysia boleh !! Oleh oleh oleh ~~

Posted by lkwah86 > 2016-11-09 15:44 | Report Abuse

雪兰莪州水务资产重组的最后期限再度延长6个月至明年3月，好让雪州水供管理公司（Pengurusan Air Selangor Sdn Bhd）有更多时间向金务大（Gamuda Bhd）收购雪州水务公司（SPLASH）的40%股权。

Posted by hng33 > 2016-11-09 17:37 | Report Abuse

Gamuda share and we remain steady holding. Nothing to worry.

Posted by hng33 > 2016-11-09 17:41 | Report Abuse

Splash take over at 2.7 billion alrdy finalized and agree by seller and buyer.....but, still need to extend another 6 month to reach final SPA

Posted by hng33 > 2016-11-10 09:38 | Report Abuse

sold batch under contra again at 1.26, lock contra profit, free up capital first

Posted by hng33 > 2016-11-10 16:23 | Report Abuse

bought back WE at 1.24, reverse back into intraday contra gain

Posted by dawstz > 2016-11-10 21:37 | Report Abuse

big volume coming in today...watch out tomorrow

Posted by linges > 2016-11-11 09:33 | Report Abuse

grabbed big batch at discounted rate of 1.22 ;))

Posted by Huat1 > 2016-11-16 08:29 | Report Abuse

CIMB RESEARCH:

Construction
More leads on ECRL’s job scope
■ The Transport Minister clarifies on the ECRL; comparisons made with original plans.
■ The 600km rail line includes a 50km tunnel and several viaducts similar to the MRT.
■ Still not ruling out opportunities for local contractors. Gamuda remains top pick.

Scope of the ECRL has changed from the original plan
● According to The Edge, Transport Minister Datuk Seri Liow Tiong Lai has cited a change in alignment, a longer tunnel link and the weak ringgit as the reasons for the cost of the East Coast Rail Link (ECRL) project jumping to RM55bn from RM29bn.

"The consulting firm previously used a different alignment. Previously the length was 545km, now it is 600km. The ringgit at that time traded at 3.2 against the US$, recently it stood at 4.2 to 4.5," he said.

New alignment includes a tunneling portion
● Comparing an earlier feasibility study conducted by the consulting firm HSS Engineers which showed that the ECRL’s cost should not be more than RM30bn, he added that the project will now feature a 50km tunnel link, compared with 30km previously, and there will be more viaducts as well. The Economic Planning Unit (EPU) of the Prime Minister's Department will explain the details when the alignment and cost is finalised.

A tunnel traversing the Titiwangsa range has been done before
● If a tunnel component for the ECRL is indeed included in the final specifications, this would not be the first time that a tunnel is constructed through the rugged Titiwangsa mountainous range. A 45km tunneling project (with no rail components) was completed in 2014, though this was for the purpose of transferring raw water from Pahang to Selangor. The RM1.3bn water transfer tunnel contract was awarded in 2009 to the Shimizu-Nishimatsu-IJM-UEM consortium (30:30:20:20).

Participation of local contractors?
● Press reports have previously indicated that the recent ECRL MOU does not exclude potential partnerships with, or the participation of, local contractors. Though there have yet to be more leads on this, we believe rail contractors like Gamuda, IJM Corp and WCT are among potential larger cap beneficiaries, especially if ECRL’s alignment includes viaduct portions, similar to the MRT project. We expect tender details in 1H17 as the ECRL is targeted to commence selected phases next year.

Rail is a big theme in 2017
● We reiterate that rail looks likely to shape up to be a big theme in 2017. Gamuda remains our big cap top pick due to its biggest exposure to MRT 1, 2, potentially MRT 3 and the Gemas-JB double tracking. The ECRL could be a sizeable opportunity.

Posted by fast888 > 2016-11-17 17:59 | Report Abuse

Is a great growth company. Future so many projects.