GADANG HOLDINGS BHD

KLSE (MYR): GADANG (9261)

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Last Price

0.38

Today's Change

-0.01 (2.56%)

Day's Change

0.38 - 0.39

Trading Volume

617,300


38 people like this.

37,509 comment(s). Last comment by newbie9893 6 days ago

mrknowled

341 posts

Posted by mrknowled > 2023-08-01 23:07 | Report Abuse

Next year will boom

soon9913

2,401 posts

Posted by soon9913 > 2023-08-02 21:58 | Report Abuse

https://www.klsescreener.com/v2/news/view/1183291

sell call by TA

next TP 28cents

laucsh

47 posts

Posted by laucsh > 2023-08-16 21:36 | Report Abuse

bull mari liao

pangolin

931 posts

Posted by pangolin > 2023-08-16 23:10 | Report Abuse

Eik ??? making lose can up 1c per day, 29c to 33c ?? ape hal , so so curious

soon9913

2,401 posts

Posted by soon9913 > 2023-08-18 23:01 | Report Abuse

Mrt 3 closure soon

Posted by Smart Beginners > 2023-08-25 22:06 | Report Abuse

semua construc naik tapi ni tidur aiyooo

pangolin

931 posts

Posted by pangolin > 2023-08-28 12:54 | Report Abuse

All contruction start to move up consistently..... gadang gadang ... oooiiiiiii

Posted by Smart Beginners > 2023-09-02 22:28 | Report Abuse

If it break through 0.36 then it will fly over 0.5

CyMaOs

22 posts

Posted by CyMaOs > 2023-09-03 12:17 | Report Abuse

If I am right by my playbook, this stock will never see daylight due to its impairment. The yields greatly reduce its bottom line from reflecting any potential rise for now. I can see why TA set their sell call at 0.28. Reasonable from an MOL ^2 calculation.

speakup

24,491 posts

Posted by speakup > 2023-09-03 12:40 | Report Abuse

U forget this is Casino De Bursa. In our Casino De Bursa, fundamentals all forgotten. PE super high, loss making semua takpa. What is important is Syndicate Goreng. That's all

pangolin

931 posts

Posted by pangolin > 2023-09-04 22:13 | Report Abuse

Speakup , u r dam right , as long as under radar syndicate , kampong chcken can goreng till flyhigh like phoenix...., yang lain tak penting

Posted by Smart Beginners > 2023-09-20 10:39 | Report Abuse

50sen coming

Posted by Ammar Roshidy > 2023-10-16 10:11 | Report Abuse

The trouble with firms like Gadang is our Govt. Depah keeps giving all Mega projects to mainland China then our local construction industry can tutup lah.

pangolin

931 posts

Posted by pangolin > 2023-10-17 00:04 | Report Abuse

no special good news from budget , ho long gadang can survive..

pangolin

931 posts

Posted by pangolin > 1 month ago | Report Abuse

slow and steady yeah ... 330,335,340,345.350.355...... after construction industry wake up for 2024 , good timing for gadang !!

Posted by Smart Beginners > 1 month ago | Report Abuse

someone is pressing the price. Don’t buy now wait for breakout

pangolin

931 posts

Posted by pangolin > 1 month ago | Report Abuse

let gadang hold my ball tight and warm more than 2 years ,
is good time to see gadang move upwards for better prospects , as long as market sentimental is good , is good or construction sector , is good for gadang as well

kevinobc

1,034 posts

Posted by kevinobc > 1 month ago | Report Abuse

gadang coming 50sen !

pangolin

931 posts

Posted by pangolin > 1 month ago | Report Abuse

Eik ??? What Happening to Gadang ? Any heart attack news , 40c now after 2 years ....

Posted by Smart Beginners > 1 month ago | Report Abuse

Big volume come let see the closing…

Posted by Smart Beginners > 1 month ago | Report Abuse

looks like going to holland

pangolin

931 posts

Posted by pangolin > 1 month ago | Report Abuse

niama .... 2 days show time only ..... make lim pek song song for nothing

kancs3118

2,076 posts

Posted by kancs3118 > 1 month ago | Report Abuse

Let you feel stim first ....baru potong stim

pangolin

931 posts

Posted by pangolin > 1 month ago | Report Abuse

let me feel like cny mood coming to town ...

kancs3118

2,076 posts

Posted by kancs3118 > 1 month ago | Report Abuse

Move some funds to IJM ,bro

Posted by Ammar Roshidy > 1 month ago | Report Abuse

Hopes it stays positive for the year.

kancs3118

2,076 posts

Posted by kancs3118 > 1 month ago | Report Abuse

Quarter results is about to be released....

Posted by Smart Beginners > 1 month ago | Report Abuse

Already sleep 4 year still got hope?

kancs3118

2,076 posts

Posted by kancs3118 > 1 month ago | Report Abuse

Alot gonna hinge on this upcoming QTR result - supposed to be released either today Wednesday or this Friday.

Posted by Ammar Roshidy > 1 month ago | Report Abuse

I hope Gadang gets its footing. When local contractors are trying to tie up with Chinese contractors firm as Gadang would fall back. It's time for Govt to step in and have a new ruling for local firms. Govt must protect the local participation, otherwise matilah.

kancs3118

2,076 posts

Posted by kancs3118 > 1 month ago | Report Abuse

Are you talking about the ERCL?

Posted by Smart Beginners > 1 month ago | Report Abuse

Susah la gadang someone is pressing the price long time ago, when other construction up , gadang up little bit but other construction drop gadang drop more

kancs3118

2,076 posts

Posted by kancs3118 > 1 month ago | Report Abuse

QTR results is totally unimpressive

kancs3118

2,076 posts

Posted by kancs3118 > 1 month ago | Report Abuse

Construction division is bleeding the group ...

kancs3118

2,076 posts

Posted by kancs3118 > 1 month ago | Report Abuse

They need to finished building that ERCL contract that they entered during 2020 MCO time

speakup

24,491 posts

Posted by speakup > 1 month ago | Report Abuse

push down for smart money to collect

pangolin

931 posts

Posted by pangolin > 1 month ago | Report Abuse

from 33c to 41c withiin 1 month time , well done gadang !!

Posted by Smart Beginners > 1 month ago | Report Abuse

You see all construction go up but gadang down

soon9913

2,401 posts

Posted by soon9913 > 1 month ago | Report Abuse

Review
Stripping off some one-off items of RM0.2mn, GADANG’s 1HFY24 registered lower core earnings of RM7.8mn (-6.9% YoY), which was disappointing as it accounted for only 36.6% of our full-year projection. The negative variance was mainly underpinned by: (i) slower-thanexpected work progress for certain projects, and (ii) higher operating expenses in the construction and utilities divisions.
YoY, 1HFY24 topline increased 13.1% to RM291.9mn, thanks to higher sales recorded and improved work progress in the property division. However, its core PBT plunged by 7.7% YoY to RM12.7mn due to higher operating costs for its 9MW mini-hydro power plant and margin erosion in the construction division caused by higher raw material and labour costs.
QoQ, the 2QFY24’s revenue jumped 25.5% to RM162.4mn, largely driven by: (i) higher construction work progress, (ii) improved property sales, and (iii) the commencement of commercial operation of the 9MW minihydro power plant. Despite this growth, the core PBT was halved down to RM4mn, compared to RM8.7mn in 1QFY24, due to escalating operating costs incurred in both construction and utilities divisions.
Impact
Considering the weaker-than-expected results, we adjusted our revenue recognition and margin assumptions for certain ongoing projects. Consequently, our earnings forecasts for FY24-26F are revised downward by 20.7%/15.9%/12.0%, respectively, reflecting the challenging operating conditions.
Outlook
As of end-Nov 2023, the group’s construction order book and unbilled property sales stood at RM1.1bn and RM280mn, respectively, providing a clear earnings prospect for the group over the next two years. Additionally, the property division anticipates a better sales contribution in the upcoming quarters, supported by compelling sales package incentives.
Valuation
Following the earnings revision, we lower our TP to RM0.23 (from RM0.28) based on the SOP valuation. Maintain Sell call due to the stretched valuation.

soon9913

2,401 posts

Posted by soon9913 > 1 month ago | Report Abuse

smart beginners, this is the reason

ivanlau

1,313 posts

Posted by ivanlau > 1 month ago | Report Abuse

This stock let me remind of then stock market guru - ty yap aka condom seller . A lot of followers fall into deep shit due to buy call of this guru

Posted by Smart Beginners > 1 month ago | Report Abuse

Gadang not interested in HSR?

speakup

24,491 posts

Posted by speakup > 1 month ago | Report Abuse

Gadang get a lot small parcels from Ijm. If Ijm consortium get HSR, dah pasti Gadang get something

kancs3118

2,076 posts

Posted by kancs3118 > 1 month ago | Report Abuse

Gadang get a lot small parcels from IJM.
What do you mean bro ? You mean if IJM wins big contracts, they will farm out some small kacanh putih jobs to Gadang ? What is your basis on making this statement ?

By the way, HSR is too far away...more practical to look at Bayan Lepas LRT, LRT3 and MRT3.

soon9913

2,401 posts

Posted by soon9913 > 1 month ago | Report Abuse

low profit is the facts ma... ready the report from TA, TP 0.23

kancs3118

2,076 posts

Posted by kancs3118 > 4 weeks ago | Report Abuse

What it needs is big govt projects

pangolin

931 posts

Posted by pangolin > 4 weeks ago | Report Abuse

GADANG need a big govt project desperately , if not , hardly to stand 40c abv ,

kancs3118

2,076 posts

Posted by kancs3118 > 4 weeks ago | Report Abuse

Right now, the RTS project faces prolongation costs - expected to be completed in 2024 but delayed to 2026. Dunno whether Gadang can claim these costs or not.

newbie9893

1,828 posts

Posted by newbie9893 > 6 days ago | Report Abuse

Confirm uptrend, all in now, to be rewarded very soon

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