Posted by Smart Beginners > 2024-01-10 08:39 | Report Abuse

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

Posted by pangolin > 2024-01-10 23:27 | 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

Posted by kevinobc > 2024-01-16 09:16 | Report Abuse

gadang coming 50sen !

Posted by pangolin > 2024-01-16 11:11 | Report Abuse

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

Posted by Smart Beginners > 2024-01-16 11:27 | Report Abuse

Big volume come let see the closing…

Posted by Smart Beginners > 2024-01-16 16:14 | Report Abuse

looks like going to holland

Posted by pangolin > 2024-01-17 18:22 | Report Abuse

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

Posted by kancs3118 > 2024-01-18 22:24 | Report Abuse

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

Posted by pangolin > 2024-01-20 11:19 | Report Abuse

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

Posted by kancs3118 > 2 months ago | Report Abuse

Move some funds to IJM ,bro

Posted by Ammar Roshidy > 2 months ago | Report Abuse

Hopes it stays positive for the year.

Posted by kancs3118 > 2 months ago | Report Abuse

Quarter results is about to be released....

Posted by Smart Beginners > 2 months ago | Report Abuse

Already sleep 4 year still got hope?

Posted by kancs3118 > 2 months 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 > 2 months 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.

Posted by kancs3118 > 2 months ago | Report Abuse

Are you talking about the ERCL?

Posted by Smart Beginners > 2 months 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

Posted by kancs3118 > 2 months ago | Report Abuse

QTR results is totally unimpressive

Posted by kancs3118 > 2 months ago | Report Abuse

Construction division is bleeding the group ...

Posted by kancs3118 > 2 months ago | Report Abuse

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

Posted by speakup > 2 months ago | Report Abuse

push down for smart money to collect

Posted by pangolin > 2 months ago | Report Abuse

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

Posted by Smart Beginners > 2 months ago | Report Abuse

You see all construction go up but gadang down

Posted by soon9913 > 2 months 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.

Posted by soon9913 > 2 months ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/taresearch/2024-01-26-story-h-190177616-Gadang_Holdings_Berhad_Higher_Operating_Costs_Weighed TP0.23 by TA

Posted by soon9913 > 2 months ago | Report Abuse

smart beginners, this is the reason

Posted by ivanlau > 2 months 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 > 2 months ago | Report Abuse

Gadang not interested in HSR?

Posted by speakup > 2 months ago | Report Abuse

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

Posted by kancs3118 > 2 months 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.

Posted by soon9913 > 2 months ago | Report Abuse

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

Posted by kancs3118 > 2 months ago | Report Abuse

What it needs is big govt projects

Posted by pangolin > 2 months ago | Report Abuse

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

Posted by kancs3118 > 2 months 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.

Posted by newbie9893 > 1 month ago | Report Abuse

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

Posted by kancs3118 > 1 month ago | Report Abuse

Yeah ...go go go...more steam

Posted by XinXin Chan > 1 month ago | Report Abuse

After seeing loss making construction counters like ECONBHD & EKOVEST, Gadang looks not so bad.

Posted by pangolin > 1 month ago | Report Abuse

gadang at least start positive and making money for 2 QR, much better than other construction counter , as long as making profit , sharing price will sustain

Posted by XinXin Chan > 1 month ago | Report Abuse

After large construction counters moving upward, smaller players like ECONBHD, GDB, SENDAI... all fly today. Hope next will be Gadang's turn.

Posted by Smart Beginners > 1 month ago | Report Abuse

After break 0.42 only got movie

Posted by pangolin > 1 month ago | Report Abuse

hold 2 years for nothing , loses cut and get out from 0.40 , wrong timing

Posted by kancs3118 > 1 month ago | Report Abuse

Then, come back in ...stop whining

Posted by XinXin Chan > 1 month ago | Report Abuse

Today the show is on MUDAJYA

Posted by kancs3118 > 1 month ago | Report Abuse

What are you waiting for ? Get back in the game....

Posted by kancs3118 > 1 month ago | Report Abuse

Once the train leaves the station, then you will regret for the rest of your life

Posted by XinXin Chan > 1 month ago | Report Abuse

GADANG needs some data ctr related projects (eg. cables laying, solar epcc) to get the catalyst

Posted by kancs3118 > 4 weeks ago | Report Abuse

That cina man boss won't bid for private projects...only gomen projects. No collection problem. Wait for the catalyst MRT3, LRT3, Penang LRT....

Posted by Peace99 > 3 weeks ago | Report Abuse

No one talked about Gadang received in Dec 2023 the 40 mil payment from Capital City Property Sdn Bhd (“CCPSB”) before due date (2025).....

Posted by Smart Beginners > 3 weeks ago | Report Abuse

What is this payment? Announcement link?

Posted by kancs3118 > 3 weeks ago | Report Abuse

Why would capital city SB pay before due date ? Makes no commercial sense