Posted by mentos512 > 2017-03-23 11:37 | Report Abuse

wow...today can close above 1.45

Posted by pineapple > 2017-03-23 11:40 | Report Abuse

Baby elephant...

Posted by PlsGiveBonus > 2017-03-23 12:26 | Report Abuse

:)

Posted by linges > 2017-03-23 12:34 | Report Abuse

Hng33...omg u too fast bro !!!!

Posted by Haida123 > 2017-03-23 12:59 | Report Abuse

seem like gamuda secured contract..not sure true or not..

Posted by M168 > 2017-03-23 15:40 | Report Abuse

what contract?

Posted by chin79 > 2017-03-23 16:07 | Report Abuse

Cheap entry to Gamuda share.....Gamuda-C31

Posted by chin79 > 2017-03-23 16:12 | Report Abuse

Come on......all sons play catch up!

Posted by zaxysk > 2017-03-23 16:23 | Report Abuse

GOGOGO, on the way to 1.50

Posted by charliecharlie > 2017-03-23 16:50 | Report Abuse

guess 2molo it will hit 1.50

Posted by Bizfuneng > 2017-03-23 17:30 | Report Abuse

What is the impact to Gamuda-WE?

http://www.theedgemarkets.com/my/article/selangor-will-not-chip-splash-deal-says-azmin

Posted by bluemoon22 > 2017-03-23 18:36 | Report Abuse

dont thk is a good news for gamuda for the above

Posted by bluemoon22 > 2017-03-23 18:37 | Report Abuse

the quarter report is out
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5374473

Posted by lkoky > 2017-03-23 18:45 | Report Abuse

hmmm... nothing spectacular.
freefall tomorrow?

Posted by CharlesT > 2017-03-23 18:54 | Report Abuse

Why their results is always so consistent????

Posted by 77huat77 > 2017-03-23 19:08 | Report Abuse

Tomorrow free fall one la ! Haihzzzzz sienzzzz

Posted by HuatRex > 2017-03-23 19:12 | Report Abuse

Why free fall? It is even better as splash contribute profit to Gamuda for years

Posted by Dragon888 > 2017-03-23 19:13 | Report Abuse

Qr report is good.
Tomorrow sure up one la.

Posted by meisarel > 2017-03-23 19:16 | Report Abuse

Splash consession is a cash cow for Gamuda. The more the delay, the more value can be extracted

Posted by Dragon888 > 2017-03-23 19:28 | Report Abuse

@meisarel, 100% agreed.

Posted by 77huat77 > 2017-03-23 19:47 | Report Abuse

Profit margin down so much, dude normal investor just look at hot agrresive grow or not , see pohuat also bring extraordinary result but share price drop , gamuda ma ma only

Posted by Haida123 > 2017-03-23 19:51 | Report Abuse

"The Selangor State Government and the Federal Government are currently finalising certain
matters amongst themselves in order to complete the take over."

Is this considered as a good news about SPLASH deal?

Posted by HuatRex > 2017-03-23 21:08 | Report Abuse

77huat77, that's why you call them normal investor. Be a smart investor to win big. Thanks.

Posted by PlsGiveBonus > 2017-03-23 21:18 | Report Abuse

Luckily dumb dumb hold

Posted by Darren Chin > 2017-03-23 21:23 | Report Abuse

Revenue is up and profit remain good.
In overall its a possible qr result.

Posted by imoogi99 > 2017-03-23 21:55 | Report Abuse

If revenue up, profitable equals free fall, then if losses Gamuda share price go down to zero???....lol!

Posted by bfstay > 2017-03-23 22:12 | Report Abuse

http://www.theedgemarkets.com/my/article/gamuda-2q-profit-improves-expects-good-fy17

Posted by 77huat77 > 2017-03-23 22:37 | Report Abuse

Huat Rex I didn't say I am normal one hahah .

Posted by excelyou > 2017-03-23 22:44 | Report Abuse

Why everyone expect Selangor to chip the deal. At the end, Federal will foot the price.

Posted by usup2000 > 2017-03-23 22:50 | Report Abuse

Gamuda WE can hit RM 2.00

Posted by bfstay > 2017-03-23 23:18 | Report Abuse

I think the result is within expectation. Whoever is buying gamuda now is buying the future: mrt 2, pan borneo hw, penang trasport masterplan, cccc contract, myhsr, possible splash sales which will result possible special dividend or even better, posible corporate exercise.

Let me know if i have missed out somthing

Posted by chl1989 > 2017-03-23 23:33 | Report Abuse

The Group anticipates a good performance this year from the steady earnings of expressway concessions division and the ramping up of works for KVMRT Line 2. The property division’s performance is expected to pick up in the next few quarters due to the launches of several new projects in Malaysia and overseas.

VS comments from Q1

The Group anticipates a good performance this year from on-going construction projects and steady earnings from the water and expressway concessions division. However, with the softening residential and non-residential property market in Malaysia, weaker growth for the property division is expected over the coming quarters.

Posted by chl1989 > 2017-03-23 23:34 | Report Abuse

SPLASH is a cash cow for Gamuda, contributes to 25% of its profit every year. correct me if i am wrong. Actually it is good for Gamuda if gov delays the take-over again. :)

Posted by Chong 113 > 2017-03-24 09:04 | Report Abuse

The profit margin has no increase.

Posted by charliecharlie > 2017-03-24 09:07 | Report Abuse

collect more at 1.38..long term hopefully it will shoot up :)

Posted by Bizfuneng > 2017-03-24 09:29 | Report Abuse

Agree SPLASH is a cashcow to GAMUDA. Contributing 150-220m profit.

Posted by yinyin99 > 2017-03-24 09:31 | Report Abuse

No bad news for Gamuda. Future is brighter. Buy

Posted by yinyin99 > 2017-03-24 09:32 | Report Abuse

Current weakness is healthy after recent run

Posted by bluemoon22 > 2017-03-24 09:36 | Report Abuse

splash deal delay is good for long term investor but for short term trader they will sell it... bcoz cant see the benifit immediately

Posted by yinyin99 > 2017-03-24 09:57 | Report Abuse

CIMB raised Gamuda Target to RM 5.98from RM 5.88

Posted by Bizfuneng > 2017-03-24 10:04 | Report Abuse

I hope it drops so can pick up some more.

Posted by hng33 > 2017-03-24 10:07 | Report Abuse

bought back gamuda-we at 1.38-1.39

Posted by Huat1 > 2017-03-24 10:17 | Report Abuse

CIMB RESEARCH
24 March 2017

GAMUDA

TARGET PRICE: RM5.98

Could strike several good deals by mid-2017
■ 1HFY7/17 results were broadly in line. No major surprises across all divisions.
■ Construction earnings surged 50% yoy in 1HFY17 as MRT earnings kicked in,
property margins were weak as expected due to market conditions.
■ Positive twist to Splash deal likely; more of a tariff hike issue than valuation.
■ Still a major player in urban and interstate rail jobs. Upside to RM8.3bn order book.
■ Gemas-JB rail and LRT 3 as potential job catalysts. Special dividends a possibility.

1HFY17 broadly in line
Annualised 1HFY17 core net profit was broadly in line at 96%/94% of our/Bloomberg consensus full-year forecasts. No major surprises for all divisions which chalked up 9-25% yoy revenue growth in 1H1FY7. Construction pretax profit surged 50% as contributions from MRT 2 PDP and underground works may have overlapped with tailend profits from MRT 1. The drop in property development margin was in line with the overall domestic market conditions. The 6 sen interim single tier DPS was in line.

Expecting a better 2H
We expect overall 2HFY17 financial performance to improve vs. 1HFY17. Though the underground scope of MRT 1 is completed, we expect the construction pretax margin of 8% in 1HFY17 to be sustainable (with more upside) as the underground work for MRT 2 gathers momentum. Outstanding construction order book of RM8.3bn includes a package from Pan Borneo Sarawak. Property unbilled sales were RM2bn at end-2Q17.

Property sales in Hanoi and Ho Chi Minh City are looking more robust than expected.

Positive twist to Splash deal likely in April?
There has been no update on the 17 Mar meeting between the federal and Selangor state government relating to the acquisition of Syarikat Pengeluar Air Sungai Selangor (Splash). Findings from our own channel checks seem to suggest a promising outcome provided that the main condition of a water tariff hike in Selangor can be fulfilled. In our
view, the politics of the water tariff hike issue, rather than pricing (valuation), would make or break the deal. All eyes are on the April timeline for a new offer for Splash.

Still not discounting a special dividend
Pending a potential new offer price for Splash, we stick to our sensitivity analysis of special dividends from the Splash sale. Based on a hypothetical RM1.1bn share of proceeds, the combined dividend yield (including 12 sen normal DPS) could be 7% if at least 50% of the cash is set aside as special dividends. On the lower end, 10-20% of the assumed RM1.1bn cash proceeds would translate to a combined dividend yield of 2-5%.

Large addressable tender book
Underground and tunneling jobs continue to be Gamuda’s niche, backed by outstanding urban and interstate rail contracts. We estimate the tunneling/underground works for major rail jobs to be worth a total RM41bn. A substantial portion is likely to come from MRT 3. For LRT 3, the 2km tunnel could cost RM600m, based on an assumed RM300m cost/km. We estimate the widely-reported 40km tunnel for the East Coast Rail Line
(ECRL) could cost RM4bn and could feature a major underground scope in Gombak.

Big cap top pick; Add retained with higher TP
Gamuda remains our top big cap rail play. Key likely catalysts are job wins from GemasJB rail contract, LRT 3, and Pan Borneo Sabah. Our RNAV-based target price rises as we update balance sheet items (10% RNAV discount). We maintain our FY17-19 EPS forecasts. Key downside risks are delays in job rollout and the Splash deal.

Posted by HuatRex > 2017-03-24 12:33 | Report Abuse

With the revised tp given by Cimb, son will possible hit 2.20-2.40. It is currently trading at low premium and high gearing. A good choice to invest.

Posted by 77huat77 > 2017-03-24 12:54 | Report Abuse

I hope it will go down because I got no enough

Posted by Haida123 > 2017-03-24 16:57 | Report Abuse

Good closing with new high ,nice!

Posted by JayC > 2017-03-24 17:04 | Report Abuse

last 10 minutes, all the 5.29 q all snapped up!!!! something is brewing!!!

Posted by excelyou > 2017-03-24 17:32 | Report Abuse

Once CIMB reports reach all their clients, this big elephant will pick up it momentum. Once momentum start, no one can stop it.

Posted by bfstay > 2017-03-24 18:18 | Report Abuse

I think today's closing is the lowest premium since we inception..

Posted by Darren Chin > 2017-03-24 19:32 | Report Abuse

Look forward on monday. Have a nice weekend